Chronobank (TIME) - Head & Shoulders

In line with our bullish Alt/BTC view, Chronobank after a prolonged downtrend has been forming a Head & Shoulders reversal pattern. A breakout above the neckline would confirm this classical chart formation.

Depending on volatility there might or might not be an actionable trade when it occurs.

Will revisit this idea then.

Kommentar:

Fake breakout above neckline, weekly rejection and close below it.

Trade setup at breakout was non-existent.