Friends, recently while observing the market, I noticed that similar technical formations are starting to develop in most crypto assets. Especially, this formation called the "tobo formation" is something I’ve encountered frequently in recent times and really worth paying attention to.

To give a little detail about the tobo formation, it actually means an inverse head and shoulders pattern. As the name suggests, it consists of three main movement points. The market first drops and makes a bottom, then recovers a bit. After that, a decline begins again but this time it goes to a deeper level. Then, a recovery period comes again. Finally, a third decline occurs but this time it doesn’t reach the previous bottom levels, it stays higher. This three-movement structure creates the tobo formation.

The most important feature of this formation is that it is usually seen at the end of a downtrend. In other words, when the market has been falling for a long time and is exhausted, this tobo formation appears. The formation is completed when the resistance level called the neckline is broken. When the price breaks that level, we get a strong buy signal.

In the past few weeks, I’ve been observing the tobo formation in many crypto assets and it’s really a formation with a high success rate. For those doing technical analysis, it’s definitely worth paying attention to. Investors who understand the details of the formation and catch the right timing can benefit greatly from these movements. If you find these kinds of technical analysis shares useful, I would be very happy if you follow and support me.