Priddy23
Panjang

POWR/BTC Bittrex inverse head and shoulder

BITTREX:POWRBTC   PowerLedger / Bitcoin
looks like a inverse head and shoulder pattern formed followed my some accumulation on the 30 min chart. I'm sure I'm not the only one who has seen this. To the moon???
Just learning about these graphs and measurements. I love the analyses on this site. I've noticed a lot of people proffering different chart analyses even for POWR alone. Some predict a short term breakout, others a dip then a longer term breakout. As a holder of POWR, what exactly about a Head and Shoulders (inverse) predicates a mooning?
Balas
Zexphero badchad
@badchad, well technical analysis shows us that a head and shoulders (upwards) trends to a bearish drop off usually, the opposite is true for a inverse head and shoulders, is a strong bullish indicator for a price pump
Balas
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