Best analysis
TetherUS (BTC/USDT) 1-hour time frame, which is a commonly observed reversal pattern in technical analysis. Here's a professional breakdown:
1. Left Shoulder:
A moderate price increase followed by a decline.
2. Head:
A higher peak compared to the left shoulder, followed by another decline.
3. Right Shoulder:
Another price increase, lower than the head but close to the level of the left shoulder.
The dotted green line represents the potential neckline, a critical element of this pattern.
If the price breaks below the neckline with increased trading volume, it confirms the pattern and signals a bearish reversal.
This pattern generally indicates selling pressure in the market. Traders should monitor for a breakout and adjust their strategies accordingly.
1. Left Shoulder:
A moderate price increase followed by a decline.
2. Head:
A higher peak compared to the left shoulder, followed by another decline.
3. Right Shoulder:
Another price increase, lower than the head but close to the level of the left shoulder.
The dotted green line represents the potential neckline, a critical element of this pattern.
If the price breaks below the neckline with increased trading volume, it confirms the pattern and signals a bearish reversal.
This pattern generally indicates selling pressure in the market. Traders should monitor for a breakout and adjust their strategies accordingly.
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