AAVE/USDT Forming Inverse Head & Shoulder Pattern
-AAVE/USDT forming Inverse Head & Shoulder Pattern on 30-60 Min Timeframe.
- Right shoulder forming as triangle ( which shows consolidation below the resistance in triangle)
- Will open a long position on triangle breakout and add more once it breaks the neckline of Inverse Head & Shoulder Pattern.
- Expecting a move towards 160-170 (Height of triangle)
- Stop Loss below 124, will move SL to entry once it breaks out from Neckline and retest it as a support.
- Right shoulder forming as triangle ( which shows consolidation below the resistance in triangle)
- Will open a long position on triangle breakout and add more once it breaks the neckline of Inverse Head & Shoulder Pattern.
- Expecting a move towards 160-170 (Height of triangle)
- Stop Loss below 124, will move SL to entry once it breaks out from Neckline and retest it as a support.