Bitcoin Inverted Head and Shoulders on the 1HR
Is this an inverted head and shoulders on the 1HR chart? Bullish divergence on the RSI and trend lines suggest so.
Wait for a break to the upside of the confirmation line and golden circle, or a breakout to the upside with the completion of the right shoulder.
Profit targets can be set at $6650 and $7148 as long as we breakout of the entire pattern to the upside. Be advised, the hourly and daily fibo extension targets lay ahead, along with the potential crown reversal zone.
This pattern becomes invalidated with a breach and close of the trading range support at $5744.20. Other supports to the downside are $5590 (trading range), $5529 (sub-key fibo), along with a fibo extension at $5234.
GLWT!
-Erik
Wait for a break to the upside of the confirmation line and golden circle, or a breakout to the upside with the completion of the right shoulder.
Profit targets can be set at $6650 and $7148 as long as we breakout of the entire pattern to the upside. Be advised, the hourly and daily fibo extension targets lay ahead, along with the potential crown reversal zone.
This pattern becomes invalidated with a breach and close of the trading range support at $5744.20. Other supports to the downside are $5590 (trading range), $5529 (sub-key fibo), along with a fibo extension at $5234.
GLWT!
-Erik
액티브 트레이드
거래청산: 스탑 닿음
at entry
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.