Metal Inverse Head & Shoulders Pattern (Easy 70% Move)

Metal (MTLBTC) is now active in what people called the iH&S pattern.

The inverse head & shoulders do not need to be exact for me to be used as a signal.

As soon as you see the dips where the second one is the lowest point of the three, you have a reversal signal. I've seen this pattern many times before.

This is normally a bullish pattern.

Looking at other chart signals, we can also see a volume breakout and MTLBTC price moving above EMA10.

The green arrows show the potential bullish scenario.

The red dashed line at the bottom is the support/stop-loss.

Namaste.

Comment:

Boom! +55%

First target hit.