Alikze »» APT | Forming a head and shoulders pattern - 2D
2024-10-06

🔍 Technical analysis:  Forming a head and shoulders pattern 

- It is moving in an ascending channel in the daily time frame.

- After the touch neck line and also the failure of swing and poleback to it, it has continued its growth up to the ceiling of the channel.

- Currently, an AB=CD pattern is formed.

- In addition, a head and shoulder pattern is also observed in the daily and weekly time frames.

- Therefore, it can have another growth in the middle of the channel after a temporary correction, up to the area of ​​the width and roof of the channel.

💎In addition, it can continue its growth until the next supply zone after the failure of the supply zone and pullback to it.

🚨  Note: The support area of ​​6.25 is the validity area of ​​the analysis, if the candlestick stabilizes below the area, the bullish pattern will be invalidated. 🚨
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  BINANCE:APTUSDT  
