$1000SATS INVERTED HEAD & SHOULDERS WITH INCREASING LIQUIDITY 📈
💵💵💵
And it could fly anytime soon 🚀
📊 A stability in the price action and strong support at $0.0002 & $0.00025 has pushed Sats to the completion of an inverted H&S pattern on the daily time frame. Also yesterday's closing above the pivotal point $0.0003 shows more strength.
But the focus of this analysis is more on the liquidity build-up. That oval shape has marked many sky scrappers since the beginning of July which shows the increase in liquidity which means more money flowing into the token.
Due to this the price is becoming more stable at the higher levels and the best is yet to come, which is - A GOLDEN CROSS is nearby.
📌 Moving ahead we have immediate resistance at $0.00035 and then a strong hurdle at $0.0005. In between these, the price may face a small resistance at $0.00045 (shown by dotted lines), though not strong enough due to the price imbalance which created a FVG (fair value gap).
After the breakout above H&S, the movement could be somewhat shown with those arrows. I'm expecting the price to close above $0.0005 by the month end.
Note: Apologies for not showing the Golden Cross. For that I had to use the MA's and the chart would look messy. Instead there's a Bollinger Band on the chart. TBH I don't want the chart to be complicated and keep it simple.
* This is not financial advice. Please do your own research before taking any trade.
