ORAI shaping up for a large IHS
Inverted Head and Shoulders (IHS) is a bullish reversal pattern characterized by three consecutive lows and two intermediate highs. Here's how it forms:
1. The first low (left shoulder) occurs.
2. The second low (the head) is lower than the first low.
3. The third low (right shoulder) is higher than the second low.
4. The neckline connects the intermediate highs.
In the case of ORAI/USD, we observe the following:
- The price has formed the left shoulder and the head.
- The right shoulder is yet to be confirmed.
- The neckline is crucial; a breakout above it signals the completion of the pattern.
Price Targets:
- The pattern suggests that the price movement after the right shoulder forms will be approximately equal to the height of the head.
- In the mid- to long-term, the target price levels for ORAI/USD could be:
- $112
- $150-156
Additional Factors:
- The upcoming Bitcoin halving and market cycle theory could play a pivotal role.
- These events may position ORAI for a shot at creating all-time highs.
Remember, this analysis is for educational purposes, and as with any trade, thorough research and due diligence are essential. Always look before you leap! 🚀📈
1. The first low (left shoulder) occurs.
2. The second low (the head) is lower than the first low.
3. The third low (right shoulder) is higher than the second low.
4. The neckline connects the intermediate highs.
In the case of ORAI/USD, we observe the following:
- The price has formed the left shoulder and the head.
- The right shoulder is yet to be confirmed.
- The neckline is crucial; a breakout above it signals the completion of the pattern.
Price Targets:
- The pattern suggests that the price movement after the right shoulder forms will be approximately equal to the height of the head.
- In the mid- to long-term, the target price levels for ORAI/USD could be:
- $112
- $150-156
Additional Factors:
- The upcoming Bitcoin halving and market cycle theory could play a pivotal role.
- These events may position ORAI for a shot at creating all-time highs.
Remember, this analysis is for educational purposes, and as with any trade, thorough research and due diligence are essential. Always look before you leap! 🚀📈
כתב ויתור
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