What can be seen clearly on the 4 hour is a inversive head and shoulders pattern within a current bull pennant which together form a strong confluence for a break out of the pennant in the short term in order to meet the levels shown by the H&S. The level predicted for the H&S is set at $1.80 which also happens to be the top resistance of the Bollinger bands on the daily chart. In order to get to that level we have to first break the 50% fib which lays at $1.68, and a break of this level will result in a definite move to my predicted price if fundamentals play out properly, in regards to the upcoming smart contract news.
what do you think?
what do you think?