Best analysis
2025-01-07
Category: None

TetherUS (BTC/USDT) 1-hour time frame, which is a commonly observed reversal pattern in technical analysis. Here's a professional breakdown:

1. Left Shoulder:
A moderate price increase followed by a decline.


2. Head:
A higher peak compared to the left shoulder, followed by another decline.


3. Right Shoulder:
Another price increase, lower than the head but close to the level of the left shoulder.



The dotted green line represents the potential neckline, a critical element of this pattern.
If the price breaks below the neckline with increased trading volume, it confirms the pattern and signals a bearish reversal.

This pattern generally indicates selling pressure in the market. Traders should monitor for a breakout and adjust their strategies accordingly.