ANALYSIS 🔎
- IOTAUSDT is printing the inverse head and shoulders pattern on the weekly timeframe.
- This is a trend reversal pattern.
- It is a bullish pattern.
- RSI is printing a bullish divergence signal.
- Price brokeout above the the previous swing high and is testing the neckline resistance.
BUY ENTRY ⬆️
- Breakout above the neckline resistance.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's support level.
- IOTAUSDT is printing the inverse head and shoulders pattern on the weekly timeframe.
- This is a trend reversal pattern.
- It is a bullish pattern.
- RSI is printing a bullish divergence signal.
- Price brokeout above the the previous swing high and is testing the neckline resistance.
BUY ENTRY ⬆️
- Breakout above the neckline resistance.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's support level.