ANALYSIS π - IOTAUSDT is printing the inverse head and shoulders pattern on the weekly timeframe. - This is a trend reversal pattern. - It is a bullish pattern. - RSI is printing a bullish divergence signal. - Price brokeout above the the previous swing high and is testing the neckline resistance.
BUY ENTRY β¬οΈ - Breakout above the neckline resistance.
SETUP INVALIDATION β - Breakdown below the right shoulder's support level.