Hey there,
I did an analysis earlier on siacoin calling a breakout of an inverted head and shoulders pattern..
I now believe i was looking at it the wrong way, i saw the final rise of the head as the breakout of the pattern.
Now looking at it, it seems more logical that the right shoulder is just starting to form.
For the pattern to be confirmed we need to see a rise in volume during the ascend and breakout of the right shoulder.
I'm not a pro, and still learning so feedback is appreciated!
I did an analysis earlier on siacoin calling a breakout of an inverted head and shoulders pattern..
I now believe i was looking at it the wrong way, i saw the final rise of the head as the breakout of the pattern.
Now looking at it, it seems more logical that the right shoulder is just starting to form.
For the pattern to be confirmed we need to see a rise in volume during the ascend and breakout of the right shoulder.
I'm not a pro, and still learning so feedback is appreciated!