Bitcoin update: Inverse head and shoulders
Potential IH&S forming here. currently back tested the 20 EMA (4H) which is subsequently the 0.382 fib.
RSI is turning up and has room to move up more.
lacking volume in this right shoulder (something to watch out for)
confluence in targets for both the falling wedge and IH&S.
Bullish target = 55k (0.786 fib)
Bearish target =
42K (50 EMA Daily) if the 0.382 does not hold.
RSI is turning up and has room to move up more.
lacking volume in this right shoulder (something to watch out for)
confluence in targets for both the falling wedge and IH&S.
Bullish target = 55k (0.786 fib)
Bearish target =
42K (50 EMA Daily) if the 0.382 does not hold.
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