PLSUSDT Huge Inverse Head and Shoulders formed!PulseChain (PLSUSDT) has formed a huge Inverse Head and Shoulders pattern (IH&S) from a very deep level, and sits on a vastly oversold 4H LMACD Bullish Cross formation! This is technically a very strong bullish reversal pattern that is aiming initially at the 0.0001050 Resistance, however we will first pursue a 1D MA100 (green trend-line) contact at 0.0000900 and extend to the Resistance only after a candle close above it. The reason is that the 1D MA100 has been the natural Resistance since July 21.
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Plsusdtsignals
PLSUSDT Bullish signal emerging but no break-out yetPulsechain (PLSUSDT) has been rising on Higher Highs (first time this long) since it hit the bottom of its long-term Channel Up but remains below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line). Even though we are in the early stages of a new long-term rally, the confirmation of this trade will come once the price closes above the Lower Highs trend-line. We will target 0.9000 (0.5 Fibonacci), 1.1000 (Resistance) and 1.4000 (All Time High) respectively on the long-term.
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