ONEUSDT
is testing the $0.022 area where the market has the 4-hour resistance. Additionally, the price has created an inverse head and shoulders pattern. An inverse head and shoulders pattern is a technical chart pattern that resembles a head and shoulders pattern, but appears in a downtrend. It is formed when there are three consecutive troughs, with the middle trough being lower than the other two. The pattern is characterized by a left shoulder, a lower bottom or trough, a head, a higher bottom or trough, and a right shoulder. The neckline, which is a level of resistance, is drawn by connecting the high points of the two troughs that form the pattern. A clear breakout from the neckline with significant volumes can be a strong indication of the direction of the next price move.
According to Plancton's Rules, if the price of
ONEUSDT
has a clear breakout with significant volumes from the $0.022 area and the neckline of the inverse head and shoulders pattern, it may suggest a bullish trend
Comment:
we are monitoring this level right now.
