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#LABUSDT โ Has the price reached its lowest levels? Is it ready to rise? ๐๐
The stock #LAB is trying to reverse its direction from bearish to bullish, forming an inverted head and shoulders pattern on the daily timeframe.
Two days ago, the price failed to break the neckline ( at 0.141โ0.151 dollars ), but it succeeded in breaking it the next day โ a signal that buyers are defending this RBS area ๐ช
If the momentum continues, the stock #LAB may rise towards the next resistance level at $0.212โ$0.254 ๐ฏ
Confirmation: Closing the price below the resistance level and then consolidating beneath it โ
#USGDPUpdate
$LAB โ