Inverse Head and Shoulders Pattern in Swerve (SWRV) Hello Traders,
As you can see in Daily time frame, Swerve ( OKEX:SWRVUSDT ) is forming inverse head & shoulders pattern. If this pattern plays out then we can expect around 300% profit, because it is good to exit near $1 as it is psychologically important price.
Remember this is a higher time frame trade and SWRV may take weeks for breakout, be patient.
Also don't forget to manage your risk, if overall market turns bearish we has to book loss.
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GU short I spotted a bearish expanding triangle coming from a support zone. Expecting it to drop so i placed a sell stop at 1.22205 (placed on metatrader) adding to the potential of a bearish move the 200 and 50ma are currently above market. Id say wait for a candle confirmation or set a sell stop to play it safe. This is just my analysis and not a signal, use proper RR and be safe trading.
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