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PAYUSD potential Parallel Channel & Top Head and Shoulders

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PAYUSD has a potential Parallel Channel. It already has 3 valid contact and if the 4th become valid then we can expect it's next bullish movement with 5 target points (meaning potential heavy resistance points) on the way (1, 1.6, 2, 2.6, and 3)

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Looking at the hourly pattern we also can see a dangerous pattern, a top head and shoulder.
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Why this t-H&D is important? Because it is formed within another parallel channel which is broken from the bottom!
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i.e. two strong signals for a decline in the value of this CC
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So I only buy if the 4th contact of the new channel is confirmed (If I'm not sleep by then -Australian time :-) - I will update you)
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Still not clear which way it moves!
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Catatan
PAYUSD PAYBTC made a bullish candle within the new channel and validated the 4th contact with the channel support/resistant lines.

>>> HOWEVER the t-H&S pattern is still valid and the bull movement could be only a pull back to the neckline of H&D!

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DavidQian
FibonacciHead and ShouldersParallel ChannelPAYUSD

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FibonacciHead and ShouldersParallel ChannelPAYUSD
DavidQian

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.