CKB recently breached a descending trendline and has effectively confirmed this breakthrough with a successful retest. Presently, price is retesting a significant support zone, where it previously got rejected four different times (indicated by green upward arrows).
Observing the chart, an inverted Head & Shoulders pattern is taking shape. Our anticipation is for the price to ascend towards the pattern's neckline, approximately at $0.0057, and eventually reaching our target at $0.0156.
Observing the chart, an inverted Head & Shoulders pattern is taking shape. Our anticipation is for the price to ascend towards the pattern's neckline, approximately at $0.0057, and eventually reaching our target at $0.0156.