Do we have a reversal pattern?
-Graphically speaking, crypto is making a nice reversal pattern.
-However, will it succeed, since BTC is the thermometer for other cryptos.
-According to the monthly chart, prices are in a trap region, so it can go either way, depending on the strength of Bears and Bulls (pessimists/optimists). We have an LT (dashed green line) which if respected (do not lose the 0.8359 range) could be seen as a bottom.
-On the weekly chart we see prices wanting to leave a trail, the formation of a bullish pivot.
-From the daily chart, I can see that things can really improve: a reversal chart pattern, the H&S-I, and it seems to me that it can seek the long average. What a thing, no?
-H&S (Shoulder-Head-Shoulder) usually appear in trend reversals. In the reversal of a bullish to bearish trend, we call the pattern H&S. In bearish to bullish trend reversal, we call the pattern H&S-I.
-Will it live up to this standard? Everything will depend on the famous BTC.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other chart reviews.ngview.com/chart/SEQL3/lOeTmiGM/
-However, will it succeed, since BTC is the thermometer for other cryptos.
-According to the monthly chart, prices are in a trap region, so it can go either way, depending on the strength of Bears and Bulls (pessimists/optimists). We have an LT (dashed green line) which if respected (do not lose the 0.8359 range) could be seen as a bottom.
-On the weekly chart we see prices wanting to leave a trail, the formation of a bullish pivot.
-From the daily chart, I can see that things can really improve: a reversal chart pattern, the H&S-I, and it seems to me that it can seek the long average. What a thing, no?
-H&S (Shoulder-Head-Shoulder) usually appear in trend reversals. In the reversal of a bullish to bearish trend, we call the pattern H&S. In bearish to bullish trend reversal, we call the pattern H&S-I.
-Will it live up to this standard? Everything will depend on the famous BTC.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other chart reviews.ngview.com/chart/SEQL3/lOeTmiGM/
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