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Buy level - $0.91 - $0.94
Stop loss - $0.86
1st take profit - $1.05
2nd take profit - $1.24
3rd take profit - $1.29
Right here is an inverted head and shoulder pattern. There was a false breakout from the neckline right after the head was formed. Then price broke down below the neckline and got rejected by support level at $0.883.
Therefore, with price currently trading at $0.9311, I expect a rise to the neckline at $1.05 and if price successfully break the neckline, then a full inverted Head and shoulder pattern to complete at $1.24 and $1.29.
What do you think?
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Buy level - $0.91 - $0.94
Stop loss - $0.86
1st take profit - $1.05
2nd take profit - $1.24
3rd take profit - $1.29
Right here is an inverted head and shoulder pattern. There was a false breakout from the neckline right after the head was formed. Then price broke down below the neckline and got rejected by support level at $0.883.
Therefore, with price currently trading at $0.9311, I expect a rise to the neckline at $1.05 and if price successfully break the neckline, then a full inverted Head and shoulder pattern to complete at $1.24 and $1.29.
What do you think?
Share your opinion in the comment sectionâïļ
Follow me to receive more updates on ONTOLOGY (ONTUSD) ðĪ
Happy Tradingð°ðĨģðĪ
