XPRT Persistence Token Showing Inverse H&S Pattern FT 1.97Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation.
Entry = Price upon candle close on the 4hr.
Stop = Somewhere below neckline. I chose 1.53
Target = 1.97 but taking profits along the way.
Risk/Reward = 3.33
Best to you!
Stew
Here's the BTC.D chart showing resistance:
Persistenceusdt
PERSISTENCE OVERVIEWXPRT (Persistence) has been consolidating for over 2 months now and with the bullishness of the market the price action is approaching range high. If the PA can break above range high, we might most probably see much higher prices. These kinds of accumulations for long periods of time end up with explosive price moves.
