GRT/BTC: Inverted Head & Sholder pattern forming at structure
There is a potential inverted Head & Shoulder pattern forming on the GRT/BTC trading pair. The shoulders are located at the same level as previous support and resistance levels.
Current prices give a good risk - reward ratio to try and trade the break out to the upside. Note the descending trendline that has been forming since June. This trendline might give extra resistance on the way up.
Disclaimer:
I am not a professional trader or investor. I post my ideas and analysis for fun only. This is not financial advice.
Current prices give a good risk - reward ratio to try and trade the break out to the upside. Note the descending trendline that has been forming since June. This trendline might give extra resistance on the way up.
Disclaimer:
I am not a professional trader or investor. I post my ideas and analysis for fun only. This is not financial advice.
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.
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.