Hi there!
I spotted this inverted H&S pattern on siacoin/usd, breakout seems to be confirmed by the volume accompanied with it.
I'm still learning so feedback is appreciated
I spotted this inverted H&S pattern on siacoin/usd, breakout seems to be confirmed by the volume accompanied with it.
I'm still learning so feedback is appreciated
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Looks like a pump and dump to me now.. Unfortunately there were still too many weak hands after the breakout. Inverted H&S could still be in play though, lets see if the neck line can break again with lots of volume.
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I just realized i'm looking at this pattern the wrong way. In fact i think the right shoulder is just starting to form. This wasn't a breakout but the forming of the neckline of the head. I'll post a new idea to show you what i mean.