The coin has gone inside a downtrend until it formed a descending triangle. Previously, I indicated that it can be bullish if only breaks out the triangle. However, it went on to form another classical pattern " Inverse Head and Shoulders" the right shoulder has not completed yet, however, a volume may confirm its build up formation. Targets as highlighted in chart, let us wait for the neckline to be penetrated.
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Right shoulder of H&Ss is completed and pattern is formed. make sure it does not break down the neckline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.