Pattern: Head and Shoulders on 1D.
Signal: Buy as the price broke above the 1D MA100 for the first time since June 17 and is attempting a break above the pattern's neckline after a 1D Golden Cross has been formed last week. Also the 1D RSI is rebounding off its multi-month Support Zone. The formation seems to be the inverse of the Inverted H&S of November - December 2020, which after a Death Cross, made a new Low.
Target: 1855 (just below the Lower Highs trend-line, also 0.236 Fibonacci retracement level).
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Signal: Buy as the price broke above the 1D MA100 for the first time since June 17 and is attempting a break above the pattern's neckline after a 1D Golden Cross has been formed last week. Also the 1D RSI is rebounding off its multi-month Support Zone. The formation seems to be the inverse of the Inverted H&S of November - December 2020, which after a Death Cross, made a new Low.
Target: 1855 (just below the Lower Highs trend-line, also 0.236 Fibonacci retracement level).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Pablito1986z
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.