GRT/BTC: Inverted Head & Sholder pattern forming at structure

There is a potential inverted Head & Shoulder pattern forming on the GRT/BTC trading pair. The shoulders are located at the same level as previous support and resistance levels.
Current prices give a good risk - reward ratio to try and trade the break out to the upside. Note the descending trendline that has been forming since June. This trendline might give extra resistance on the way up.

Disclaimer:
I am not a professional trader or investor. I post my ideas and analysis for fun only. This is not financial advice.