After holding the descending support that was previously resistance we see btc recovering back above the 6,500 level. The previous support line could act as resistance on top of the large amount of resistance we have seen at 7,000. BTC Breaking above these levels will invalidate the IH&S pattern. Getting rejected at this level or not maintaining enough momentum to even test it will see downside to the neck line of the IH&S. This level has shown strong support from previous sell offs. There is a chance this level could hold and btc not continue lower from here. If it doesnt hold then I believe we will see a retest of the low from March 13th
Comment:
please ignore my stupidity. I meant head and shoulder, it's one of those days
