Inverse H&S Formation?You can see an inverse H&S chart pattern is forming in DFI/USDT. We have broken the EMA 17 and SMA 30 already to the upside - the SMA 50 could offer a bit more resistance at currently 1.30 USD.
For me it seems like the crypto market could reverse (see also the BTC/USD chart) - not to approach the ATHs but to make a first move to the upside. We'll see.
Dfichain
📈 Bulls are hissing their flag in DFIEURChart with only the closing prices because otherwise, you have way too much noise in the DFI/EUR chart. This is a clear bullish sign. But as always - it depends on what mother Bitcoin is doing. When BTC falls, it will be hard for DFI even to hold the current price levels.