🔥 XMR Bullish Head & Shoulders: Watch This Pattern! 🚨

31 thg 8, 2023

XMR appears to have formed a clear inverse head & shoulders pattern, which is the direct opposite of a normal H&S pattern. Classically, this pattern appears at important areas of trend-reversal.

I'm going to wait for the neckline to break. Once the price has closed above the neckline, it will be my entry signal. Stop below the right shoulder, target at the 2023 highs.

Note: I'm not counting the August 17th wick because it was a stop-loss cascade wick.