On 4h chart, inverse head and shoulders pattern but :
- Low volume, market indecision.
- Currently testing to breakout neckline 8.8/9k for 2nd time
- We need a strong bounce to break the resistance line.
If fail, we fall to support zone.
A good news incoming to save us ?
My previous TA with inverse head and shoulders pattern was good, price breakout the neckline at ~9k$. It's a good bullish signal.
Major resistance :
- Around 10k2 (MA200)
- Around 12k4 (old support / resistance)
Support zone :
- Around 9k (old neckline)
***Do not trade with my TA, It's not a recommendation to buy or sell.***