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Multi-months Inverse Head N' Shoulder about to conclude
Currently drawing the 2nd shoulder of a multi-months Inverse Head & Shoulder pattern on XVG USD, whose neckline is there at 0.01 USD.
But guess what... 200 weekly EMA is sitting on that key level too (at the time I'm writing). It clearly acted as a resistance during last week rally, but if retested will be demolished by the bulls sooner or later.
Always remember, the 200 weekly EMA is certainly the most powerful "ally" of a BULL during a bull-market.
A smart "LONG" call is to eventually trade the breakout, definitely not FOMOing before: there is litterally a "starway to heaven" all above, which will make your entry price ridiculous at the end of the next bull cycle!
NO FINANCIAL ADVISE. INVEST AT YOUR OWN RISK AND ALWAYS DO YOUR OWN RESEARCHES.
But guess what... 200 weekly EMA is sitting on that key level too (at the time I'm writing). It clearly acted as a resistance during last week rally, but if retested will be demolished by the bulls sooner or later.
Always remember, the 200 weekly EMA is certainly the most powerful "ally" of a BULL during a bull-market.
A smart "LONG" call is to eventually trade the breakout, definitely not FOMOing before: there is litterally a "starway to heaven" all above, which will make your entry price ridiculous at the end of the next bull cycle!
NO FINANCIAL ADVISE. INVEST AT YOUR OWN RISK AND ALWAYS DO YOUR OWN RESEARCHES.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。