The recent daily candles shows that inverted cup and handle is in the making.
Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2)
If neck line is broken, next price will test strong support 0.27
Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2)
If neck line is broken, next price will test strong support 0.27
Order cancelled
Inverted CnH did not formed as expected. The price goes sideway for a while now.
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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.