klon

Inverse Head and Shoulders about to be confirmed

Long
KRAKEN:ETHBTC   Ethereum / Bitcoin
When the Head-And-Shoulders-Pattern's breakout is confirmed by a weekly close above the neckline (0,04), the reach of the suggested target would break the upper trendline, which is drawn from the highest wicks of the mult-year downtrend. also watch out for a monthly close above 0,04. This will create a higher high on the monthly chart and would further confirm a trend reversal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.