An inverse head and shoulders pattern on 30 minute timeframe was forming until a break in pattern above the neckline. Could still dip back down to the shoulder $56kish before a shot upward, to finish out the cup and handle patterns forming on the 4 hour and daily.
Market Cipher free version isn’t as robust as the paid, but typically following the trend waves and MFI line shows a pretty good picture. The waves aren’t quite strong enough to confirm the straight shot up breaking the inverse H&S forming.
Overall, opening a long below $58k and closer to $57k isn’t too bad of a bet.
Market Cipher free version isn’t as robust as the paid, but typically following the trend waves and MFI line shows a pretty good picture. The waves aren’t quite strong enough to confirm the straight shot up breaking the inverse H&S forming.
Overall, opening a long below $58k and closer to $57k isn’t too bad of a bet.