ChainLink / TetherUS
Short

Possible head and shoulders pattern

188
Hello everyone,

This is my first attempt to publish an idea, so please bare with me.

LINK/USDT on the 4 hour looked to me like it may have finished a small head and shoulders pattern indicating a breakdown.

If this were to occur I assume two scenarios:
1. correction to the weekly MA
2. correction to a long line of support, just above the monthly MA

AS I am a fairly new trader, I don't know how large a pattern like this should be to be considered a head and shoulders. This one looks quite small, so it might not lead to any downward movement. Please share your thoughts! Thanks for the read :)

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