The Bearish Head and Shoulders is almost done and mature and it is expected to lead to a sizable plung!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Wow, this is a textbook head and shoulders pattern. It doesn't get any clearer than that!
if is true , great, I will finally buy some IOTA :-).
Also is a book perfect Head and shoulder.
Same. I will buy when the price is lower
It looks like the neckline is at about .777 USD. The distance between the neckline and the head is .32 USD. Therefore, if the neckline support line is broken I'd expect it to go down to .777 - .32, or .457 USD before finding more support.
Source: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_top_reversal
Nice!
How about OMG? Is it still a risk with its head and shoulders pattern?
I appreciate your charts. But you shouldn't really title it the way you did. It puts the chart in aftermath and makes it seem you are advising people to dump everything and in return it makes it seem you are trying to drive the price down. Just my opinion, give the info and let users decide. Don't recommend such things as evacuate. This is what I thought when I looked at your chart, all I paid attention to was the title. I felt as you were trying to drive my decision and if everyone evacuates obviously it crashes. you know?
Got it, good point. I have no position in IOTA. Nor can crytos can be shorted. The title was to convey urgency, nothing else.
Thanks! I didn't mean any disrespect and thank you for taking that kindly. In return I love your new quick and short titles! It was just my feedback. God Bless.