SUPER/USDT "Head and Shoulders Flip" Channel. Pivot Area

Head and shoulders Inverted channel. Area of potential trend reversal (inverted head and shoulders) or trend continuation (sideways, channel). Price levels to work on the chart.

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Coin Market Coin: SuperFarm SUPER

Comment:

+80% A symmetrical triangle was formed in the reversal zone with the central part of the level of 0.889, the price just squeezed to it. Soon the denouement, although it is already clear.

Comment:

Breaking through the resistance of the triangle +30%, at the moment there is a pullback.

Comment:

After a false breakdown of the downward triangle, the local trend continued. The price failed to consolidate above the resistance zone 889. Work with this downtrend, as well as from the channel levels zones.

Comment:

Breakout of the resistance of the downtrend secondary trend on the background of the local market correction. The local growth started from 0.523 (the average value of the horizontal channel).

Comment:

+77% of the zone 0.5233 or +40% from the breakout of the local triangle (secondary trend resistance, red line). The price came to the resistance zone of the horizontal channel (sideways). An important reversal zone or continuation of this trend. Similar trading situation as on the ENJ coin a year ago before leaving the accumulation.

Comment:

there is again an attempt to break through the sideways resistance. Breakout and fixation above the zone of 0.91 level - exit from the accumulation zone and significant pumping. 5 times no breakout (a local correction in BTC) - a return to the horizontal channel area and work within it from the mentioned levels. It's also worth noting that in pair to BTC this coin is at the bottom of the horizontal channel and there is a breakout of the descending wedge.

Comment:

c reversal about +140%. False breakout of channel resistance and now a pullback to the dynamic support of the ascending local trend and to the 0.91 zone. If it takes hold, an exit from the sidewall.

Comment:

After a local pullback after the breakdown of the channel resistance, retest 0.91, fixation and continuation of the local uptrend development. +180% from the reversal.

Comment:

+160%