Head and Shoulders Bearish
A break below 43k will confirm a bearish HNS pattern. The target would be 32-35k. Currently on the daily the RSI is at 43, which is bullish bounce zone for me, but the stakes are high on this one so If one is able, ladder stop losses.
I would not be surprised to see some sort of bullish bounce at the current price. Although, Too much positive news and too many people investing in crypto for the first time, makes for a good trap. Keep an eye on it, this could go either way, but the pattern is bearish.
I would not be surprised to see some sort of bullish bounce at the current price. Although, Too much positive news and too many people investing in crypto for the first time, makes for a good trap. Keep an eye on it, this could go either way, but the pattern is bearish.
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