Chronobank (TIME) - Head & Shoulders

In line with our bullish Alt/BTC view, Chronobank after a prolonged downtrend has been forming a Head & Shoulders reversal pattern. A breakout above the neckline would confirm this classical chart formation.

Depending on volatility there might or might not be an actionable trade when it occurs.

Will revisit this idea then.

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Fake breakout above neckline, weekly rejection and close below it.

Trade setup at breakout was non-existent.