BTCUSD: When will it raises the nose?
The cryptocurrency has been consolidating in the support zone for three weeks. Looking at the most recent price action has been developing an inverse H&S pattern with shoulders finds between 6100$-6080$, The neckline seems to be at 6800$. We remain cautiously NEUTRAL as we continue to study the action.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.