PulseChain (PLSUSDT) has formed a huge Inverse Head and Shoulders pattern (IH&S) from a very deep level, and sits on a vastly oversold 4H LMACD Bullish Cross formation! This is technically a very strong bullish reversal pattern that is aiming initially at the 0.0001050 Resistance, however we will first pursue a 1D MA100 (green trend-line) contact at 0.0000900 and extend to the Resistance only after a candle close above it. The reason is that the 1D MA100 has been the natural Resistance since July 21.
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.