jbennyco

Head And Shoulders Forming?

COINBASE:XTZUSD   Tezos
IN the hourly I have drawn a descending line, meeting resistance, where the line peaks (marked in red) in the RSI. The 4 hour time frame shows a head a shoulders pattern forming, which will trigger a fall to supoprt lines around the 1.30 mark? Not sure how promising this is in the short term but may provide a good long opportunity when the daily is reset. Not financial advice. Thanks!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.