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Inverse H&S Formation?

DeFiChain / Tether (KUCOIN:DFIUSDT)  
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KUCOIN:DFIUSDT   DeFiChain / Tether
Head and Shoulders Technical Indicators Moving Averages DFI dfichain DFIUSD DFIUSDT DEFI defichain deficoins deficoin altcoin
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headandshoulders indicator movingaverage dfi dfichain dfiusd dfiusdt defi defichain deficoins deficoin altcoin
You can see an inverse H&S chart pattern is forming in DFI/USDT. We have broken the EMA 17 and SMA 30 already to the upside - the SMA 50 could offer a bit more resistance at currently 1.30 USD.

For me it seems like the crypto market could reverse (see also the BTC/USD chart) - not to approach the ATHs but to make a first move to the upside. We'll see.
Komentar:
It was going a bit longer sideways then I've expected - you may extend the right line further to the right. However - it seems that the formation has successfully broken to the upside.

snapshot

Ide yang Berhubungan

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Quo vadis Bitcoin?
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