BTCUSDT ! Head And Shoulders pattern formation. What's next?🤖

3 sie 2022

BTCUSDT is trading in an upward price channel. I believe that this channel is a local correction in a global down market.

On the chart, we can see that the price updates the local tops of the 24200 level and forms a false break after capturing the liquidity. The price returns to the range, under the 23360 level, thus forming a Head and Shoulders pattern.

I assume that after the price fixes under 23360 level, the crypto coin may start to work out this pattern and we may see a downward movement. Short-term target is the border of the channel and support level 21650, if we manage to break this channel down, the key target will be support 20185.

Regards R. Linda!

4 sie 2022

Zlecenie aktywne

4 sie 2022

Zlecenie aktywne

+6% in moment ✅😎