CRVUSDT is creating an inverse head and shoulder 🦐
CRVUSDT is creating an inverse head and shoulder and the price is testing the neckline after the price bounced on the weekly support.
IF the price will have a breakout from the neckline and flip the 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order.
An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls for the third time, but only to the level of the first trough, before rising once more and reversing the trend.
–––––
Follow the Shrimp 🦐
Keep in mind.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
IF the price will have a breakout from the neckline and flip the 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order.
An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls for the third time, but only to the level of the first trough, before rising once more and reversing the trend.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
