SHS correction

Waiting for break of the skewed neckline.
1st target around 60k - fib 0.382 retracement - trendline
2nd target around 52k - fib 0.618 retracement - POC

Note

Breakthrough neckline and retesting it before further downside

Note

First target reached 🏁

Now we will see if the trendline will act as support otherwise it will be free fall to 52k

Note

Could be forming a small Inverse head and shoulders and continue up to test the upper parallel channel

Note

not quite the cleanest IHS but seems to have broken the downward trend and will try and drill through the 68k resistance, if so we will be onto new heights soon

Note

We actually had another IHS and now seems like it has the power to drill through the blocks of resistance

Note

Just testing the trendline again and it will resume upwards movement again

Note

Eagerly waiting for the breakout of the bullish wedge.
Daily EMA's are still clearly bullish

Note

here we go, breaking out of the wedge

lil_Buuck

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.

lil_Buuck