Inverse Head & Shoulder Breakout
An Inverse head and shoulders has been forming showing the technical price target of 63.8K. We seem to have broken the neckline which was strong resistance but we still haven't seen a decent increase in volume to confirm the breakout. The RSI and MACD looking bullish as we aren't approaching any sort of resistance on these indicators yet. We could see the price back to 
65K relatively soon touching the 1 fibonacci retracement level, which could possibly fail to act as resistance which we'd see a further bullish breakout.
65K relatively soon touching the 1 fibonacci retracement level, which could possibly fail to act as resistance which we'd see a further bullish breakout.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.