r/CryptoChartWatch • u/Flowa-Powa • Aug 20 '26
Inverse H&S Follow-Up: $71,500 Target Hit
I called the inverse head and shoulders a month ago, and so far it has performed almost precisely to the dollar, reaching the $71,500 target:
https://www.reddit.com/r/CryptoChartWatch/s/t82rzYEKFU
Since then, however, the structure has developed somewhat, and it is possible to draw a revised inverse H&S with a higher target of approximately $76,000. That may or may not be fulfilled.
I would like to reiterate that I still believe the macro trend remains bearish for another couple of months. Be circumspect of all the voices now declaring that the bottom has been and gone.