Doubtful, as I see it thus far. The right shoulder is nowhere near formed yet. It would need to get slammed down today on heavy volume. You do realize that if a Head and Shoulders pattern does form with strong volume it would be a bearish signal? All the best
linhduongfc
⋅
@Inspirar, Thanks for giving another analysis! I will take it to observe and learn from it!
Inspirar
⋅
@linhduongfc, One thing I got wrong: I just noticed the time scale of your chart is different than how I read it before (i.e. daily candlesticks) and there's still time (about 4 days) for your possibility to take place too... It would actually need to go up for a few days towards the 16,000 level and then break down with strong volume to the 12,500 range. At that point one could say the H&S pattern is there and the possibility of it going down sharply from there (i.e. what a H&S places odds towards) would be to a large part dependent on volume, news and market conditions (especially what the whales decide ;-), as I see it at least. Still it definitely isn't a H&S yet at all.
linhduongfc
⋅
@Inspirar, thank you for your update! Until now, it seems it isn't a H&S like your analysis. Anw, it's great to connect with your and discuss something in cryptocurrency field!