RENDERUSDT, 1D, Inverted Head & Shoulder
RENDERUSDT, 1D, Inverted Head & Shoulder.
It has now reached it's inverted right shoulder. By the 1D chart, the price depicted a hammer candlestick with a long bottom wick. This typically happens after a price decline.
My approach would be to wait for tomorrow or next day to check if there is 3 continuous green candlesticks and price holds at closing price approx ~$7.8.
This might signify a reversal.
Else, if ti dips below ~$4.7, it might continue to drop till ~$3.2
It has now reached it's inverted right shoulder. By the 1D chart, the price depicted a hammer candlestick with a long bottom wick. This typically happens after a price decline.
My approach would be to wait for tomorrow or next day to check if there is 3 continuous green candlesticks and price holds at closing price approx ~$7.8.
This might signify a reversal.
Else, if ti dips below ~$4.7, it might continue to drop till ~$3.2
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626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
---
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
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