technical point: 1- it is in a descending channel! 2- it is forming a head and shoulders pattern! 3- there is a reachable area in front!
the key areas to watch: 1- waiting for a broken channel! 2- waiting for a broken neckline!
targets for the long position: 1- 0.0000017 area as the target of the head and shoulders pattern! 2- 0.0000024 area as the previous engulfing and a reachable area!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.