HI friends!
I have drawn a potential head and shoulder pattern developing.
We do currently have a small bullish divergence on the RSI on the 4H chart, this could help develop the right shoulder.
Potential target for the head and shoulder is around 21.8$ and if thats the case that could put us in a double bottom scenario.
Please leave a like if you find this idea helpful :)
Have a nice day!
I have drawn a potential head and shoulder pattern developing.
We do currently have a small bullish divergence on the RSI on the 4H chart, this could help develop the right shoulder.
Potential target for the head and shoulder is around 21.8$ and if thats the case that could put us in a double bottom scenario.
Please leave a like if you find this idea helpful :)
Have a nice day!
Trade closed: target reached:
Target reached :)