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PaddyThePriest

Inverted head and shoulders on LINK/USDT

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ChainLink / TetherUS (BINANCE:LINKUSDT)  
PaddyThePriest  
BINANCE:LINKUSDT   ChainLink / TetherUS
Chart Patterns head_and_shoulder headshoulders LINKUSDT Double Bottom invertedheadandshoulders Fibonacci Retracement
3
0
chartpattern head_and_shoulder headshoulders linkusdt doublebottom invertedheadandshoulders fibonacciretracement
A fairly low risk trade here. Link has been forming an inverted head and shoulders for a while. It is making a larger double bottom imo.
I have entered on the right shoulder of the hs. If I see price break past the right shoulder I will probably jump ship.

First resistance is at the 200 day MA. I hope we blast through that. I will take partial profits at the 0.618 fib highlighted by the red square.
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