HBAR triggering an inv h&s + golden cross?

DrDovetail Updated   
BINANCE:HBARUSD   Hedera Hashgraph
It certainly looks as though hbar is already validating the breakout from this inverse head and shoulders pattern…however with price action this far above the 50 and 200mas at the time of its golden cross, there’s always a likelihood it may dump back down to the MAs at the time of the cross or shortly thereafter, even dipping back below the neckline temporarily to shake some weak hands that long in this zone…of course it could validate and just continue up to the target from here as well…if it does try to dip back down to the MAs to test them for support and even dip back below the neckline, probability favors that it will likely break above the neckline once again before too long an d then validate at that point if it doesn’t already validate after this first break of the neckline. Of course if we see price flip the 200ma back to solid resistance, then probability will favor this pattern becoming a fakeout…but until then probability favors it validating. *not financial advice*
Target is .126
Price action has dipped back below the neckline. A common occurrence after the initial break of the neckline. As of now I still anticipate that it will break back above the neckline eventually.
Its current support is right on the 1 day 50ma
Hbar with a common tactic here where price breaks above the neckline for a bit before dipping back below to form the real right shoulder.

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