Tokocrypto Goes Bullish (Inverted Head & Shoulders)
Tokocrypto (TKOUSDT) now confirms the continuation of a bullish-trend. We have the classic inverted head and shoulders pattern.
The head and shoulders pattern tends to come at the top of a trend, but the inverted version is also valid when it shows up at the bottom. This is a reversal signal.
Coming up at this juncture, coupled with really high volume and breaking decidedly above "resistance," we can conclude that TKOUSDT is set to continue with the wave that started in late 2023, that is, the continuation of the bullish move.
We have the start of the wave in October 2023. A peak in March 2024 and a bottom in August 2024, the end of the correction.
We can say that the correction ended in August because of the signals that are present on the chart now. Such strong action indicates the bulls are entering the market with force.
The target on the chart is for illustration only, short-term; long-term there can be more, much, much more.
My intention here is to show you what I see, the pair, the analysis, the signals... When we look at several of these charts, we will get a clear picture as to how the market will be moving. I am talking about the USDT pairs. We already looked at enough BTC pairs. Don't you agree?
Namaste.
The head and shoulders pattern tends to come at the top of a trend, but the inverted version is also valid when it shows up at the bottom. This is a reversal signal.
Coming up at this juncture, coupled with really high volume and breaking decidedly above "resistance," we can conclude that TKOUSDT is set to continue with the wave that started in late 2023, that is, the continuation of the bullish move.
We have the start of the wave in October 2023. A peak in March 2024 and a bottom in August 2024, the end of the correction.
We can say that the correction ended in August because of the signals that are present on the chart now. Such strong action indicates the bulls are entering the market with force.
The target on the chart is for illustration only, short-term; long-term there can be more, much, much more.
My intention here is to show you what I see, the pair, the analysis, the signals... When we look at several of these charts, we will get a clear picture as to how the market will be moving. I am talking about the USDT pairs. We already looked at enough BTC pairs. Don't you agree?
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.