BTCUSD Inverted Head and Shoulders. Target 67000

An unmistakable inverted head and shoulders pattern is developing on daily, which is to be confirmed by a breakout past the neckline at 59000 accompanied by a surge in volume.

Target from this breakout roughly corresponds with 1.618 Fibonacci extension level of 67000.

Trade ist aktiv:

Breakout has occurred, pending daily close