ADA/BTC: Textbook inverse H&S
Обновлено
Welcome to my new ADA /BTC Analysis!
Price has printed a textbook inverse Head and Shoulders pattern over the last two and a half years. All important criteria for this pattern are fullfilled:
1: The pattern occured at the end of a downtrend.
2: There´s perfect symmetry! The shoulders are the same width and exactly two times as wide as the head. It looks like painted.
3: The volume profile at the right shoulder is first declining and then increasing a lot, indicating buying pressure.
A break above the neckline at 1500 sats would -with high probability- catapult the price to the target around the previous all-time high at roughly 6000 sats. I´m very excited how this plays out over the coming months.
Price has printed a textbook inverse Head and Shoulders pattern over the last two and a half years. All important criteria for this pattern are fullfilled:
1: The pattern occured at the end of a downtrend.
2: There´s perfect symmetry! The shoulders are the same width and exactly two times as wide as the head. It looks like painted.
3: The volume profile at the right shoulder is first declining and then increasing a lot, indicating buying pressure.
A break above the neckline at 1500 sats would -with high probability- catapult the price to the target around the previous all-time high at roughly 6000 sats. I´m very excited how this plays out over the coming months.
Заметка
When looking at lower timeframes one can see that price is just breaking resistance and moving towards the neckline.Заметка
little correction: I of course meant "the head is two times as wide as the shoulders" not the other way around.Сделка активна
Breakout confirmed, Target is in play
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