Description
⋅ Possible head & shoulders forming here. Must break through 0.45 and hold or possible return to bearish trend.
If price holds above 0.45 bullish run continues upward.
Not investment advice, please do your own DD & research.
Commentaire
⋅ Little more to go on this before the chart tells us more. Trend is still upward.
Commentaire
⋅ Look for another run up. If we don't break .45 then and hold, return to complete H&S is more likely.
Commentaire
⋅ So here we may retest .45 level. Need to break through to confirm bullish trend.
Would like for the H&S to be invalidated, but we will see what the chart says after this weekend and into next week.
Commentaire
⋅ Break down below 0.30 may be confirmation of H&S. Today has seen lower values and reversal must happen soon for a bullish trend.
Commentaire
⋅ Oversold at the moment. Either bulls take over soon, or we continue the trend downward and complete the H&S.