Battle of the channels

22 ก.พ. 2018

XBTUSD (240 chart) The descending channel line (resistance) has crossed the trendline (support) of the ascending channel. There is also the possibility of a head and shoulders pattern which would signal a downtrend. A clear break above the descending channel will invalidate the h&s pattern. In that case XBTUSD should reach the $12,200 level. I'll attach the possible h&s pattern on the chart below to minimize clutter. Tell me what you think, agree or disagree? All comments including constructive criticism is welcomed and appreciated. Good luck and happy trading