Aerodrome Finance Head & Shoulders —If The Low Is In, Go Bullish
This definitely looks like the H&S pattern, but what I think more interesting is the mirror image. The last rise is about to be mirrored as a drop.
AEROUSDT (Aerodrome Finance) can end up with another higher low just as it happened from July's peak leading into September.
If one goes, they all go and with Bitcoin bearish (below 70K) it would be normal to see this Altcoin moving lower to test support.
They all rose in July, they all crashed in August, they all rose in September/October they all crash in October/November... That's what the chart is pointing to, that's the conclusion.
Patience is key.
Let it drop... We will revisit this chart/pair in several weeks to see if the low is in. If it is, we are going bullish.
Namaste.
AEROUSDT (Aerodrome Finance) can end up with another higher low just as it happened from July's peak leading into September.
If one goes, they all go and with Bitcoin bearish (below 70K) it would be normal to see this Altcoin moving lower to test support.
They all rose in July, they all crashed in August, they all rose in September/October they all crash in October/November... That's what the chart is pointing to, that's the conclusion.
Patience is key.
Let it drop... We will revisit this chart/pair in several weeks to see if the low is in. If it is, we are going bullish.
Namaste.
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