The coin has shown some weakness on a daily time frame. It has formed a top head and shoulders that targets 6.68 and it may go less than that to hit the bottom of the channel at the level of 4ish. After that, I will update on the next coming reversal.
Note
The coin has reached an important area that was previous demand zone and it is also 0.618 Fib. We may witness a possible reversal but if it breaks below then our H&S target is the next destination.Note
The token is reversing watch out for the previous tops Trade active
reached the top H&S target after the failed speculation reversal at .618 Retracement. Is it possible to reach the level of 4.3??Trade closed: target reached
4 is reached. will update in an individual analysis of a coming reversal.
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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.