Maintaining its levels of supports and resistance, the price chart of BTCUSD has continued to hold to its levels for 17days.
On the daily time frame, the price chart is clearly showing a HEAD and SHOULDERS PATTERN.
The left shoulder has formed, still waiting patiently for the head which has a target of $9510. Which is the horizontal resistance marked as the NECKLINE.
Traders needs to look at the current levels of support and resistance where the current price is and monitor the price trend. A long position from above the resistance levels at $7944.98.
Follow and like for more ideas.
Follow me on :
twitter.com/john8kelvin2
On the daily time frame, the price chart is clearly showing a HEAD and SHOULDERS PATTERN.
The left shoulder has formed, still waiting patiently for the head which has a target of $9510. Which is the horizontal resistance marked as the NECKLINE.
Traders needs to look at the current levels of support and resistance where the current price is and monitor the price trend. A long position from above the resistance levels at $7944.98.
Follow and like for more ideas.
Follow me on :
twitter.com/john8kelvin2