i hid all the short term trendlines on this chart to get a clearer view,
seems to me the last run from 0.62 to 0.68 could be a bear flag coming to an end as 0.6880 can be seen as a long term resistance level that has been pierced and failed recently
more to the left you could see the other side of a massive HnS, left shoulder from 0.48 to 0.76
top oh head at 0.88
if this is the right shoulder unable to surpass 0.688 there is a long term trade coming up soon enough
just my view
seems to me the last run from 0.62 to 0.68 could be a bear flag coming to an end as 0.6880 can be seen as a long term resistance level that has been pierced and failed recently
more to the left you could see the other side of a massive HnS, left shoulder from 0.48 to 0.76
top oh head at 0.88
if this is the right shoulder unable to surpass 0.688 there is a long term trade coming up soon enough
just my view
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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.