Potential head and shoulders short to re-test lower channel.
Let's see if BTCUSD breaks lower here to continue the H&S pattern. The lower wedge trend line sits at around $10,700.
Note we really need to re-test the wedge breakout to confirm a healthy uptrend anyway!
If the lower channel breaks, we are headed to re-test the $10k tether support fund, followed by the $9k long term trending support.
Let's see if BTCUSD breaks lower here to continue the H&S pattern. The lower wedge trend line sits at around $10,700.
Note we really need to re-test the wedge breakout to confirm a healthy uptrend anyway!
If the lower channel breaks, we are headed to re-test the $10k tether support fund, followed by the $9k long term trending support.
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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.