CKBUSDT - An Inversed Head & Shoulders Pattern
The Common Knowledge Blockchain has maintained the support zone (mid channel) effectively and has now rebounded, moving towards the horizontal channel’s resistance line, hence forming the right shoulder of the Inverted Head & Shoulders pattern.
If the price breaks above the channel and completes the H&S pattern on the weekly chart, we expect it to rise to our first target around $0.15 before reaching the H&S pattern target of $0.5. The technical developments of Nervos Network are inline with this analysis so its better to load your bags ASAP.
If the price breaks above the channel and completes the H&S pattern on the weekly chart, we expect it to rise to our first target around $0.15 before reaching the H&S pattern target of $0.5. The technical developments of Nervos Network are inline with this analysis so its better to load your bags ASAP.
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