Omisego: Inverse Head & Shoulders pattern on 1D ?

2020年7月29日

Perhaps technical analysis is completely subjective and we see what we want to see based on our bias towards the markets and our own wishes. On this chart I am seeing an inverse head and shoulders pattern on the 1D time frame for OMG/USDT. Volume profile seems to support it despite being seemingly low. At the time the price action is retesting the neckline of the inverse head and shoulders patter. If this one plays out we could be looking at a target of at least $1.88 - $1.91. Time will tell. Also worth looking at the RSI which seems to have formed a similar pattern (more confirmation).

Happy Trading.