Chibuike_Odoh

IOTAUSDT - INVERSE HEAD AND SHOULDERS PATTERN

Long
BINANCE:IOTAUSDT   IOTA / TetherUS
ANALYSIS 🔎
- IOTAUSDT is printing the inverse head and shoulders pattern on the weekly timeframe .
- This is a trend reversal pattern.
- It is a bullish pattern .
- RSI is printing a bullish divergence signal.
- Price brokeout above the the previous swing high and is testing the neckline resistance.

BUY ENTRY ⬆️
- Breakout above the neckline resistance.

SETUP INVALIDATION ❌
- Breakdown below the right shoulder's support level .