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Chibuike_Odoh
Jan 19, 2021 7:52 PM

LSKUSD - Inverse head and shoulders trend reversal pattern  Long

Lisk / US DollarBinance

Description

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.
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