Chibuike_Odoh

LSKUSD - Inverse head and shoulders trend reversal pattern

Long
BINANCE:LSKUSD   Lisk / US Dollar (calculated by TradingView)
ANALYSIS 🔎
- LSKUSD is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe . This is a bullish pattern .
- Price has been resisted by a descending trendline resistance since February 2020.
- There's is a breakout potential.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance and resistance 1 (R1).

TARGETS 🎯
- Horizontal resistance levels (R2, R3, R4).

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