Very basic PA pattern has formed on HYPE/USDT short term chart.
Trendline is about to be gone and there is inverse head and shoulders pattern which is going to be broken very soon.
I believe the target must be around 0.618 retracement levels.
Have a good day.
Trendline is about to be gone and there is inverse head and shoulders pattern which is going to be broken very soon.
I believe the target must be around 0.618 retracement levels.
Have a good day.
Trade closed: stop reached
Pattern is invalid and upside move should be considered as a bull trap. Position is Stopped.
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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.