The chart shows an inverse head and shoulders pattern, but the formation condition is to look for closing prices above the yellow line. If this condition is met, the first target is 0.05374, which corresponds to the Fibonacci 1.414 level of the breakout. If we see closing prices above this level, the main target is 0.06475.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.