The price chart really looks like an H&S, the RSI and OBV show a decline (bearish DIV) and especially RSI didn't follow the price surge of the head. However the volume pattern should be different. To be an undeniable H&S we should have a volume peak either at the peak of the left shoulder or at the first test of the neckline while head and right shoulder should present a declining volume. This is not the case.
https://profitandstocks.com/wp-content/uploads/2018/09/Head-and-Shoulder.jpg
However, if the allegedly right shoulder will breakdown the neckline with a surge of the volume this will act as an H&S even if it's not how the books say it should be. In any case, as it is now, it's a bearish pattern.
In case of dumping the bounce should happen around 4.7 USDT but it could be a bit over or lower it. The reason I'm not sure is that retail trading suggest 4.5 and SMT suggest 4.86. Just don't FOMO now.
Good luck
https://profitandstocks.com/wp-content/uploads/2018/09/Head-and-Shoulder.jpg
However, if the allegedly right shoulder will breakdown the neckline with a surge of the volume this will act as an H&S even if it's not how the books say it should be. In any case, as it is now, it's a bearish pattern.
In case of dumping the bounce should happen around 4.7 USDT but it could be a bit over or lower it. The reason I'm not sure is that retail trading suggest 4.5 and SMT suggest 4.86. Just don't FOMO now.
Good luck
Currently price is being absorbed, let's see what happens