Inverse H&S Formation?

p4917 Updated   
KUCOIN:DFIUSDT   DeFiChain / Tether
You can see an inverse H&S chart pattern is forming in DFI/USDT. We have broken the EMA 17 and SMA 30 already to the upside - the SMA 50 could offer a bit more resistance at currently 1.30 USD.

For me it seems like the crypto market could reverse (see also the BTC/USD chart) - not to approach the ATHs but to make a first move to the upside. We'll see.
It was going a bit longer sideways then I've expected - you may extend the right line further to the right. However - it seems that the formation has successfully broken to the upside.


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