XLMUSD: Inverse Head and Shoulders completed. Short.

XLM has broken the Channel Down to the upside and complete an Inverse Head and Shoulders pattern on 1D ( RSI = 53.287, ATR = 0.0159). Technically it should resume the downside as the Triangle (shown in orange) is applying selling pressure on a Lower High. If 0.2170 breaks, them the Triangle is nullified and XLMUSD will resume the downtrend towards the 0.1930 support. We remain bearish with TP = 0.1802 and 0.1713 (June 29, 2018 low).
High quality signals ( for live buy/sell opportunities on a variety of financial assets.
Lmao inverse H&s calls for a pump not a dump noob. Plus, everybody knows head&shoulders does not apply to crypto. How long have you even been doing this?
+1 Reply
Your analysis is biased.
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