Inverse head and shoulders forming within descending triangle.
Price target 1: 0.27287 ** area of confluence approached **
Price target 2: 0.29455
A confluence area is one area where two or more factors come to sustain or reject price action (eg. Combine Fibonacci levels with support and resistance)
Price target 1: 0.27287 ** area of confluence approached **
Price target 2: 0.29455
A confluence area is one area where two or more factors come to sustain or reject price action (eg. Combine Fibonacci levels with support and resistance)
Comment:
Significant decrease in line with BTC sell-off. Will update chart to identify buy zone in conjunction with BTC targeted bottom. Wouldn't take any long positions at the moment; look for swing.