Head and Shoulders Pattern for NZDCAD Potential Short Position
When bitcoin manages to overcome the 24000 dollar area pretty confident we could potentially see a R/S flip with a pretty high gain towards the 28000 dollar level as there is no resistence up ahead
After a clear breakout of the descending channel yesterday, ETH stopped trading above the 2960$ level. If BTC find support around the 2880-2860$ area where it could also find support by the EMA ribbon and hopefully get enough strength to break the red ichimoku cloud, we could see a further move to the upside above the 3000$ level.
As the downside trend seems to slow down, we might have reached a bottom for the short term bearish trend we are in atm. If we break the upper diagonal trend line we could see a potential reversal in the trend.