Inverse head and shoulder on Telcoin
Chart Pattern:
Telcoin is showing an inverse head and shoulders pattern as indicated in the chart. Inverse head and shoulders is a reversal pattern that usually happens at the bottom of a downtrend as is with Telcoin.
MACD:
Showing a decrease in day to day bearish volume further confirming a reversal is yet to come.
Personal Thoughts and opinions:
With both an inverse head and shoulder pattern and a decreasing macd shows a good sign for a bullish reversal. Personally, I would enter a swing trade with 25% of what I'm planning to put in and scale into my trade with each indication confirming an uptrend.
Telcoin is showing an inverse head and shoulders pattern as indicated in the chart. Inverse head and shoulders is a reversal pattern that usually happens at the bottom of a downtrend as is with Telcoin.
MACD:
Showing a decrease in day to day bearish volume further confirming a reversal is yet to come.
Personal Thoughts and opinions:
With both an inverse head and shoulder pattern and a decreasing macd shows a good sign for a bullish reversal. Personally, I would enter a swing trade with 25% of what I'm planning to put in and scale into my trade with each indication confirming an uptrend.
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