VOXELUSDT: Inverse Head & Shoulders Near Key Resistance!
💎 Paradisers, #VOXELUSDT has formed an inverse head and shoulders pattern and displayed a Change of Character (CHoCH), increasing the probability of a reversal.
💎 #VOXEL has broken out above the resistance zone but failed to close a candle above it, indicating that while the price has taken the liquidity, we now need confirmation of the bullish move. This can be expected if the price closes a candle above the resistance zone.
💎 In the case of a pullback, we can expect a bounce from the Fair Value Gap (FVG) and bullish Order Block (OB), but for confirmation, we need an Internal Change of Character (I-CHoCH) in the lower timeframes.
💎 However, if the price closes a candle below the bullish OB and right shoulder, it will invalidate the inverse head and shoulders pattern. In that case, it would be better to wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
💎 #VOXEL has broken out above the resistance zone but failed to close a candle above it, indicating that while the price has taken the liquidity, we now need confirmation of the bullish move. This can be expected if the price closes a candle above the resistance zone.
💎 In the case of a pullback, we can expect a bounce from the Fair Value Gap (FVG) and bullish Order Block (OB), but for confirmation, we need an Internal Change of Character (I-CHoCH) in the lower timeframes.
💎 However, if the price closes a candle below the bullish OB and right shoulder, it will invalidate the inverse head and shoulders pattern. In that case, it would be better to wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
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