ricomoney1212

Inverted head and shoulders!

Long
BYBIT:ADAUSDT   ADAUSDT Perpetual Contract
As it can be seen that there is a detection of an inverted head and shoulders , which is bullish . This also means that the MACD has to bounce in the next 4/8 hours or so, to stay bullish . The RSI isn't overbought or oversold so nothing can be determined out of that as there also isn't a bullish or bearish trend line . Still, I think this can have a pretty good long term percentage, as the price is now around 1.15 and the selling price will be around 1.24 if the inverted head and shoulders turn out to be correct.
Let me know what you think and or if I made any analysis mistake.

Comments

It worked out perfectly!
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