FLOWUSD Inverted Head and Shoulders into bullish breakout
FLOWUSD has completed the formation of an Inverted Head and Shoulders pattern that just crossed over the Falling Resistance (Lower Highs) of the Bear Cycle.
This is the first Bull Cycle confirmation.
The RSI 1D also made a Bull Flag breakout.
The MA50 1D is supporting.
Trading Plan:
1. Buy if the price crosses above the MA200 1D.
2. Buy if the price pulls back to the MA50 1D.
Targets:
In both cases 2.0550 (Resistance 1) and 3.2000 (Resistance 2) on the medium term
Tips:
1. A Head and Shoulders pattern cause the extended decline that led to the Inverted Head and Shoulders. This is a flipped image of that sequence. Clear illustrated by the red and green path trend lines.
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This is the first Bull Cycle confirmation.
The RSI 1D also made a Bull Flag breakout.
The MA50 1D is supporting.
Trading Plan:
1. Buy if the price crosses above the MA200 1D.
2. Buy if the price pulls back to the MA50 1D.
Targets:
In both cases 2.0550 (Resistance 1) and 3.2000 (Resistance 2) on the medium term
Tips:
1. A Head and Shoulders pattern cause the extended decline that led to the Inverted Head and Shoulders. This is a flipped image of that sequence. Clear illustrated by the red and green path trend lines.
Please like, follow and comment!!
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