was formed on 30.05 at 07:15:09 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, #Bitcoin produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 104531.88 while the median line of the Neck is set at 106415.11/106138.63. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #Bitcoin will go towards 106138.90.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
