As many have picked this pattern up only daily chart, it is an example of possible bearish pattern called Head n Shoulders which if validated would push price to $5,000 area. Nevertheless it's fully avoidable with either sideways movement or breaking bearish pattern at $7,000 with main resistance around $6,800
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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Note
This is very good believe it or not because worst case scenario which was head and shoulders is officially invalidated!Note
With that said I think that we are still weeks from solid uptrend
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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.