Stewdamus' Chart Analysis & Trade Alerts

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Persistence Token Showing Inverse Head & Shoulders Pattern on 4hr.

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Persistence Token Showing Inverse Head & Shoulders Pattern on 4hr.

#Persistence #xprtusd #xprtbtc #xprtusdt #xprt #tradesetup #tradealert

stewdamus
Jun 1, 2022
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Persistence Token Showing Inverse Head & Shoulders Pattern on 4hr.

www.stewdam.us

Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation.

Entry = Price upon candle close on the 4hr.
Stop = Somewhere below neckline. I chose 1.53
Target = 1.97 but taking profits along the way.
Risk/Reward = 3.33

Best to you!
Stew

Here's the BTC.D chart showing resistance:

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Persistence Token Showing Inverse Head & Shoulders Pattern on 4hr.

www.stewdam.us
1 Comment
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stewdamus
Jun 2, 2022Author

Trade Cancelled: Pattern Invalidated

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