ELLJAY503
Short

BNBBTC HEAD & SHOULDERS

BINANCE:BNBBTC   BNB / Bitcoin
Seeing a head and shoulders on an uptrend, any reason this would be invalid? I am no expert TA analyst and I am always open to feedback. Also seeing major RSI divergence, if price falls I personally would look to re accumulate around .0017400-.0017300 SATS . Feel free to drop some knowledge or insight of your own in the comments below.
PEACE
if the price drops and then pops back up forming a neckline than i would say yes it could possibly be a H&S pattern
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You've got the bearish divergence down with RSI (also with MACD), so the expectation is to see some drop in price as a result of that. It's not a HS, however, as the shoulders should always be lower than the head (and in this case your right shoulder is higher). Additionally, the volume profile for a HS isn't there. Hope this helps. You can find more info at thepatternsite dot com. It has lots of info relating to patterns.
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