Pembelian
MATICUSDT potential Inverse Head and Shoulders!/Trading strategy
BYBIT:MATICUSDT
1H tend chart
-
We could see a long-term support zone formed from the ceiling of a Darvas box.
Also, there is a downtrend line kept resisting price.
Now, price just broke out the upper downtrend line and took out the neckline of this potential inverse head and shoulders pattern.
It's a bullish signal and our trading strategy as below.
*can entry after confirming the candlestick still stand firm on the downtrend line in 4H chart
-
Profit Targets:
a) 1.3065----Fib(0.618)
b) 1.3598----Fib(1)
c)1.4459-----Fib(1.618)
Stop losses:
a) 1.1869----low of right shoulder
-
If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
1H tend chart
-
We could see a long-term support zone formed from the ceiling of a Darvas box.
Also, there is a downtrend line kept resisting price.
Now, price just broke out the upper downtrend line and took out the neckline of this potential inverse head and shoulders pattern.
It's a bullish signal and our trading strategy as below.
*can entry after confirming the candlestick still stand firm on the downtrend line in 4H chart
-
Profit Targets:
a) 1.3065----Fib(0.618)
b) 1.3598----Fib(1)
c)1.4459-----Fib(1.618)
Stop losses:
a) 1.1869----low of right shoulder
-
If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
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