Analysis 🔎: LRCUSDT brokeout above the symmetrical triangle's inclined resistance. Price hit a new All Time High (ATH) and retraced. Price is testing the flip horizontal support + key fibonacci retracement levels. Price action is printing the inverse head and shoulders trend reversal pattern. A bullish pin bar (hammer) was formed at the swing low (inversed Head). Possible uptrend continuation.
Buy entry ⬆️: breakout above the inverse head and shoulders neckline resistance.
Targets 🎯: previous swing high (ATH), fibonacci extension level (1.0).
Setup invalidation ❌: breakdown below the right shoulder support level.
@EasyCharts Yeah , i thought about that too . But the all time chart would give a better analysis. You can zoom in to the 4H timeframe for a better view of the inverse head and shoulders trend reversal pattern.
EasyCharts
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@Chibuike_Odoh, I'd like it lower but I doubt it'll come. 4H looks like a great set up