ANALYSIS 🔎
- 1000SHIBAUSDTPREP is printing the inversed head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the inverse head and shoulders neckline resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the right shoulder's horizontal suppor level.
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.
- 1000SHIBAUSDTPREP is printing the inversed head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the inverse head and shoulders neckline resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the right shoulder's horizontal suppor level.
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.
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.
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.