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VizhcoS
Aug 2, 2022 7:22 AM

BTCUSD H&S descending triangle 

Bitcoin / United States DollarCoinbase

Description

BTCUSD formed a H&S pattern and has flowed into a downtrend as expected. This trend has created a descending triangle pattern. Now it has reached the support zone which will be tested. The breaking or respecting of this point will determine the course of action to follow.
Comments
wargolynch
That's a wolfe wave bullish pattern. The target was reached.
Important note: patterns are supposed to go with volumes analysis.
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