Hi guys
At the end of the long-term downward channel, pay attention to the volume of transactions!
If the long-term downward trend line is broken upwards, the possibility of forming an upward trend is strengthened, in principle it is better to wait for its breakdown and stabilization. If the current uptrend breaks above the $0.247 range, we can expect the completion of a head and shoulders pattern at the end of the downtrend.
If our uptrend is above the $0.34 range, our harmonic pattern will be more valid.
What do you think?
At the end of the long-term downward channel, pay attention to the volume of transactions!
If the long-term downward trend line is broken upwards, the possibility of forming an upward trend is strengthened, in principle it is better to wait for its breakdown and stabilization. If the current uptrend breaks above the $0.247 range, we can expect the completion of a head and shoulders pattern at the end of the downtrend.
If our uptrend is above the $0.34 range, our harmonic pattern will be more valid.
What do you think?