Bullish Sentiment
The price action for the last couple of months is rather irregular, forming no recognisable pattern. Currently we are forming an expanding wedge around 24k, which can signify a revisit to 18k… or it might be an INV HNS Inverted Head and Shoulders with a target between 30-35k. HNS patterns are notorious for messy right shoulders. Either way, if 18 is revisited, it may still be a bullish DOUBLE BOTTOM.
But for the time being, I expect INV HNS and am looking for a rally to 33k
But for the time being, I expect INV HNS and am looking for a rally to 33k
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