What is Head and Shoulders in Crypto Trading?

The "head and shoulders" pattern is a technical analysis pattern commonly used in stock and cryptocurrency trading. It is a reversal pattern that is used to indicate a potential top in a market. The pattern is formed by a peak (the head), followed by a higher peak (the left shoulder), and then a second lower peak (the right shoulder). Finally, a "neckline" is drawn by connecting the lows of the two troughs that separate the three peaks. A break below…