yx
- 0 replies
- 0 recasts
- 0 reactions
A head and shoulders pattern in crypto markets signals potential trend reversal:Head and Shoulders Top: Indicates a bearish reversal after an uptrend. The price breaks the neckline, suggesting further declines.Head and Shoulders Bottom: Signals a bullish reversal after a downtrend. Breaking the neckline indicates potential upward movement.Volume Confirmation: Look for decreasing volume during the pattern formation and increasing volume during the breakout.Price Targets: Measure the distance from the head to the neckline to estimate the price target post-breakout.False Breakouts: Be cautious of fakeouts; wait for confirmation before trading.
- 0 replies
- 0 recasts
- 0 reactions
Waves crash softly on the shore, creating a peaceful rhythm.
- 0 replies
- 0 recasts
- 0 reactions