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parissap
Sep 5, 2022 5:31 AM

NEAR inverted head and shouldersย Long

NEAR / TetherUSBinance

Description

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#NEAR/USDT
NEAR shaped an inverted head and shoulders pattern.

๐Ÿฎ if price hold the previous low at $4.088, the right shoulder is completed and price can head up to break out the neck line and rise as high as head.

๐Ÿป๐Ÿฎ I think price can have another leg down to make the low of right shoulder around $3.9 which is around parallel trend line of neckline, then increase to complete the H&S pattern.

Trade closed: target reached

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it was a disabled H&S but it was that pattern :))
Comments
AtlasTrades
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Thank you for your near idea! I hold some position
YMGroup
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Thank you for your insight for near
SwallowPremium
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Hereยดs a high possibility to go by the pattern indeed, well done!
Solldy
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Great analysis, but not all patterns are shown. No questions about the forecast as a whole, but the patterns are visually not enough for a complete view.
ArmanShabanTrading
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It's Possible ๐Ÿ‘๐Ÿผ
RLinda
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Nice analysis.Thanks. Keep up the good job)
parissap
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@RLinda, sure thank you
Lingrid
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It can work
YourLazyTrader
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Very informative, thanks for sharing :)
parissap
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@ProCFDTrader, thank you
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