OM/USDT :: Following A Head&Shoulders Pattern: FIB & RSI
I might be going out on a limb here... A few “If, Then..., Buts” on this chart. So, let’s dig in...
I’m waiting to see if a full candle closes below 0.2304, then I’m anticipating a continuing down-trend. I’m hoping it won’t break Support at 0.2230 & a Trend Reversal happens—Basing on RSI already at an ideal level to start accumulating OM. Just wait for the support needed to verify this potential/ hopeful Trend Reversal.
Again, should we break the 0.2230 Support, most likely, Down Trend will continue until next Support at 0.2135. And ditto for the bottom arrow marking support at 0.1987.
I’m going Long. And I am seeing an Upward Cycle before we break 0.2230 Support.
DYOR.
Stay Smart, Free, Aware, Healthy, Loved & Armed.
Happy & Profitable Trading.
I’m waiting to see if a full candle closes below 0.2304, then I’m anticipating a continuing down-trend. I’m hoping it won’t break Support at 0.2230 & a Trend Reversal happens—Basing on RSI already at an ideal level to start accumulating OM. Just wait for the support needed to verify this potential/ hopeful Trend Reversal.
Again, should we break the 0.2230 Support, most likely, Down Trend will continue until next Support at 0.2135. And ditto for the bottom arrow marking support at 0.1987.
I’m going Long. And I am seeing an Upward Cycle before we break 0.2230 Support.
DYOR.
Stay Smart, Free, Aware, Healthy, Loved & Armed.
Happy & Profitable Trading.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.