Noticed something interesting on the $KERMIT chart – there's a double inverse head and shoulders pattern developing within a falling wedge structure.
What caught my attention: there's a bigger inverse H&S forming the foundation, while a tighter one's already showing signs of confirmation. Both patterns are sitting right where the wedge support meets the price action. This kind of setup typically signals exhaustion from sellers paired with smart accumulation.
The convergence of these technical elements at support could signal a potential shift in momentum. Worth monitoring how this plays out.
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ApeDegen
· 23h ago
Double head and shoulders? Is this serious this time or are you going to trick me to buy the dip again...
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RamenStacker
· 23h ago
Well... double reverse head and shoulders + falling wedge, this combination does look a bit fierce. I need to keep an eye on the support level convergence here.
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LiquidityHunter
· 23h ago
Oh no, the double Reverse head and shoulders trap is back again. Every time it’s so confident, but then it just gets slapped in the face with a Reverse.
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NotSatoshi
· 23h ago
Double Reverse Head and Shoulders + Wedge Convergence? I've seen this pattern too many times, and in the end, it still dies at the support level...
Noticed something interesting on the $KERMIT chart – there's a double inverse head and shoulders pattern developing within a falling wedge structure.
What caught my attention: there's a bigger inverse H&S forming the foundation, while a tighter one's already showing signs of confirmation. Both patterns are sitting right where the wedge support meets the price action. This kind of setup typically signals exhaustion from sellers paired with smart accumulation.
The convergence of these technical elements at support could signal a potential shift in momentum. Worth monitoring how this plays out.