*log scale
Internet Computer is approaching the major downtrendline which dominated for almost a year. Price forming Inverted Head and Shoulders🤷 so it looks like price may be bottoming but still too early to say! IF price breaks the Neckline @ 9.8 and the major downtrendline then I think there is chance for run to 14.9 and even higher. Check how the iH&S target coincides with important market structure (yellow).
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Internet Computer is approaching the major downtrendline which dominated for almost a year. Price forming Inverted Head and Shoulders🤷 so it looks like price may be bottoming but still too early to say! IF price breaks the Neckline @ 9.8 and the major downtrendline then I think there is chance for run to 14.9 and even higher. Check how the iH&S target coincides with important market structure (yellow).
- ENTRY: Neckline break @ 9.8
- STOPLOSS (SL): Left Shoulder @ 6.75
- TARGET (TP): Inverted H&S target projection @ 14.9 (view reg scale to do the projection Head-Neckline = Neckline-Target)
- REWARD RISK RATIO (RRR): 1.5
- INVALIDATION: when SL level hit (Left Shoulder @ 6.75)
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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