Been watching IREN lately and there's something interesting brewing on the charts. Looks like we might be seeing an inverse head and shoulders taking shape here. You know what that usually signals – potential bullish reversal if it plays out. The neckline formation is getting clearer with each candle. Worth keeping on your radar if you're into pattern trading.
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ZKProofEnthusiast
· 16h ago
I have watched this inverse H&S several times, and it still feels a bit precarious... However, IREN does have some potential recently, so let's keep observing.
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DataOnlooker
· 16h ago
Inverse head and shoulders, huh... it's this trap again. Feels like someone calls it out every week.
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BearMarketLightning
· 16h ago
The chart looks good, but I've seen this reversal signal backfire too many times. We still need to watch the market maker's movements for this REN coin.
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BridgeTrustFund
· 16h ago
It really looks like something, an inverse head and shoulders... I have to wait for the neckline to be confirmed before making a move, otherwise it's easy to get tricked by the lines.
Been watching IREN lately and there's something interesting brewing on the charts. Looks like we might be seeing an inverse head and shoulders taking shape here. You know what that usually signals – potential bullish reversal if it plays out. The neckline formation is getting clearer with each candle. Worth keeping on your radar if you're into pattern trading.