is ETH on the path to "Inverse Head and Shoulders Pattern"?
Updated
The inverse head and shoulders chart is thought to predict a bearish-to-bullish trend reversal and signals that a downward trend is nearing its end. Investors consider it to be among the most reliable trend reversal patterns.
investopedia.com/terms/i/inverseheadandshoulders.asp
- if you DCA for long term keep doing that
- if you're in a long trade position expect a dip in price near the potential left Shoulders and not lower then the head's lowest point
- otherwise wait for the dip and enter a long or just follow the instructions on how to trade this pattern in the link attached
investopedia.com/terms/i/inverseheadandshoulders.asp
Note
get ready, and don't try to catch the knife, when it's around 1.3k it has to range for a while before going up
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