Long
Multi-months Inverse Head N' Shoulder about to conclude
Currently drawing the 2nd shoulder of a multi-months Inverse Head & Shoulder pattern on XVG USD, whose neckline is there at 0.01 USD.
But guess what... 200 weekly EMA is sitting on that key level too (at the time I'm writing). It clearly acted as a resistance during last week rally, but if retested will be demolished by the bulls sooner or later.
Always remember, the 200 weekly EMA is certainly the most powerful "ally" of a BULL during a bull-market.
A smart "LONG" call is to eventually trade the breakout, definitely not FOMOing before: there is litterally a "starway to heaven" all above, which will make your entry price ridiculous at the end of the next bull cycle!
NO FINANCIAL ADVISE. INVEST AT YOUR OWN RISK AND ALWAYS DO YOUR OWN RESEARCHES.
But guess what... 200 weekly EMA is sitting on that key level too (at the time I'm writing). It clearly acted as a resistance during last week rally, but if retested will be demolished by the bulls sooner or later.
Always remember, the 200 weekly EMA is certainly the most powerful "ally" of a BULL during a bull-market.
A smart "LONG" call is to eventually trade the breakout, definitely not FOMOing before: there is litterally a "starway to heaven" all above, which will make your entry price ridiculous at the end of the next bull cycle!
NO FINANCIAL ADVISE. INVEST AT YOUR OWN RISK AND ALWAYS DO YOUR OWN RESEARCHES.
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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.