Like many other altcoins, S has formed an Inverse Head and Shoulders pattern, signaling a potential trend reversal.
Additionally, a bullish flag formation has broken out on the lower timeframes, further confirming the upward momentum.
The current price structure appears suitable for long positions, especially with confluence from multiple technical signals.
A conservative target lies around the $0.64 level, based on the measured move projections from the flag and neckline breakouts.
— Thanks for reading.
Additionally, a bullish flag formation has broken out on the lower timeframes, further confirming the upward momentum.
The current price structure appears suitable for long positions, especially with confluence from multiple technical signals.
A conservative target lies around the $0.64 level, based on the measured move projections from the flag and neckline breakouts.
— Thanks for reading.
Trade closed: target reached
Many days after, S has reached its target.
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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.
Related publications
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.