VaraUSD: Repeat Inverse Head and Shoulders?
Updated
Back in Oct-Nov Vara posted a nice Inverse head and shoulders pattern with a price increase of 150-200%.
Vara is showing another inverse head and shoulders pattern on the trendline support indicating a possible reversal zone.
MACD- bullish divergence on the daily.
RSI @ 43
Breakout Success Rate- 85%
Price gain % rate- 50%
Neckline- 0.0750
Target- 0.11-0.12 Cents.
Vara is showing another inverse head and shoulders pattern on the trendline support indicating a possible reversal zone.
MACD- bullish divergence on the daily.
RSI @ 43
Breakout Success Rate- 85%
Price gain % rate- 50%
Neckline- 0.0750
Target- 0.11-0.12 Cents.
Note
Inverse head and shoulders target hit.Looking for some consolidation then looking for harmonic targets.
Note
Shark Pattern target zone hit!
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