Hello, digiasset exchange members, this time we will discuss technical analysis for making money on the crypto market, which has tended to be bearish lately. To recognize signs of reversal by using chart pattern reversals. One of them is Head and Shoulders and Inverse Head and Shoulders.
Inverse Head and Shoulders is basically the opposite of the head & shoulders pattern, where the confirmation is when it breaks the resistance level (red line) formed by the two tops of the pattern. The neckline line can be horizontal, sloping up or sloping down. If you find an Inverse head and shoulders pattern but the asset price still hasn't broken out of the neckline, then it can't be a sign of a bullish reversal from a downtrend to an uptrend. The following is an example of this pattern for BNBIDR assets for the period June 15, 2022, with a potential increase of more than 10%.
Tips for Inverse Head and Shoulders are: Practice often to recognize patterns in detail, then use an amount that is not too large or wisely. Prioritize entering assets with clear projects and teams. Keep DYOR Before Investing/Trading
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