Shanks21

ERDUSDT: Which chart pattern are we in ?

Shanks21 Mis à jour   
BINANCE:ERDUSDT   None
1. Inverse head and shoulders
2. Descending triangle
3. ???


Let me know what YOU think !
Commentaire:
So after the bottom of the head we did not hit to our neckline drawn here.

This means :

*Pink resistance line could be our new neckline so inverse head and shoulders is tilted a bit to right.
*OR we are in a descending triangle really. (we can make sure of it when we hit to pink support line and jump back from it.

either case, we can profit off of these probable chart patterns.
Commentaire:
seems like our descending triangle is broken, as well as inverse H&S for pink res. line. Either case very low volume currently, makes me think bulls are not in complete control. Can return into pink support line any time and can break it too. sorry but this price action is not a breakout for beforementioned chart patterns. no LONG position until I see a high volume big candle.
Commentaire:
So this was an descending triangle and it broke up.
Also in 30min TF, retest of the resistance line is done.

I missed the entry but happy for those who entered after reading this analysis.

Don't forget to subscribe for more content.
Transaction en cours:
Commentaire:
some take profit levels.


Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.