aulakh03

Inverted Head & Shoulder formation in 4 Hours & daily

Long
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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Inverted head & shoulder. A long can initiated near 7350 with a Stoploss of 7050 (strong support zone and hammer formed in daily). Price going above 7680 and sustaining would bring more bulls to create move towards 8200(200 ema daily) and further to 8800 .
Seller be cautious . Selling can be initiated near 7600 levels with strict stop loss of 7843 .