Inverse head and shoulder on Telcoin
Telcoin / Tether KUCOIN:TELUSDT
Chart Pattern:
Telcoin is showing an inverse head and shoulders pattern as indicated in the chart. Inverse head and shoulders is a reversal pattern that usually happens at the bottom of a downtrend as is with Telcoin.
MACD:
Showing a decrease in day to day bearish volume further confirming a reversal is yet to come.
Personal Thoughts and opinions:
With both an inverse head and shoulder pattern and a decreasing macd shows a good sign for a bullish reversal. Personally, I would enter a swing trade with 25% of what I’m planning to put in and scale into my trade with each indication confirming an uptrend.
