Hi everyone! The Daily Chart should speak clearly, so we have two potentially interesting patterns that we could follow in the coming weeks. From a technical point of view, we are talking about a "Head & Shoulders" and an "Inverted Head & Shoulders" . The levels shown on chart are approximate, what I am interested in sharing with you is the potential swing that...
Move and hold above 122 and Google will see ATH again, possibly a new ATH near 180. Remain below 122 and lose the 2nd yellow line below it, and it's headed back down to recent lows and lower.
Unless it can break back above the H&S neckline and then the right shoulder, Ocean Protocol may be headed down towards the following targets instead of seeing north of a dollar again: - TP 1 = ~8.6 cents - TP 2 = ~3.8 cents A possible 2x measured move would take it back under 2 cents and less than 3/10ths of a cent above the weekly close of its ATL. Should it...
This #BTC daily chart says a lot. We have a descending channel, a head and shoulders pattern and two identified order blocks. If we were to prioritize any over the other , the suspected direction result would be the same as we have weakness dropping out of the H&S, continuation to the downsides on the descending channel and a resistance level so thick (upper...
Here's a scenario where Bitcoin forms a bearish head/shoulders pattern within its parallel downtrend, before breaking out of it to reach 40k. One option has it stopping around the expanded flat's 1.618 one last time @ ~18.3k. Option 2 gives us a new low beforehand around ~11.7-12.5k. For either of these scenarios to play out, Bitcoin would first need to lose...
Looking at the weekly chart, I noticed a clear H&S pattern on VWAP. VWAP is an intraday indicator, but it can show a pattern in larger frames, like now. I was trying to find a way to draw and measure it clearly on commonly used timeframes, but it is most apparent on a 2h chart. As you can see on VPVR on the right, the neckline is below the 27100 resistance,...
Wedge breakout occurred, head/shoulders here that has: - success = re-test top of wedge - failure = reach halfway point to wedge's TP 1
Grayscale Ethereum Trust ETF appears to be forming a giant head/shoulders. If it continues in that direction, this would make it bullish in the near-term, up to around 20-21. After hitting 20-21, pay attention to whether it succeeds or fails in confirming the pattern and the succeeding in staying below neckline lows or failing and moving back above the right...
Hello Traders👋🏻 On The Weekly Time Frame, The CHFJPY Price Reached a Major Key Level (151.071-151.494) ✔ The Price Failed To Create New Higher High 📈 Currently, CHFJPY formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 So, I Expect a Bearish Move 📉 ----- TARGET 1: 148.686🎯 TARGET 2: 147.700🎯 ___________ if you agreed with this IDEA, please leave a...
here are 2 quick little quasimodo reversals on #UJ here. Smaller one in yellow outlines the inverse bullish move with entries on lower time frames. Larger quasimodo (green) follows a larger move that could pull this down a bit before a continuation upwards.
Others dominance will make a decision soon: 1.) Bearish Head / Shoulders moving significantly lower 2.) Bullish Falling Wedge moving back towards ATH
Tesla looks bearish, a confirmed Head / Shoulders already moved down to its 1x measured target, TP 1. For a bullish outlook, it first needs to get above the resistance area and the neckline of the Head / Shoulders pattern, but before we could consider reaching previous ATH or even a new ATH, it would also need to cross and hold above the right shoulder. More...
BINANCE:QNTUSDT Multiple indicators pointing to a potential price outbreak (long direction). Head and shoulders Triangle Fib retracement (for mid-term projection) THIS IS TOO RISKY FOR LEVERAGE IDEAS, TRADE ON SPOT AND WITH CAUTION. NOT FINANCIAL ADVICE.
Price action is in a down trend as we can see on the HTF price is moving within a decending channel. Looking at the LTF we can see a short term sell opportunity as price is potentially completing the right shoulder of a Head & Shoulders pattern which in nature is a bearish indicator. Look for a short entry around the neck line of 0.885 that fits your trading...
Risk management!!!!! I see other possibilities in this trade, but just decided to publish this one because it has a more quality than the others and the probability than others.
BTC has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 40k pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement (AB=CD).The break out has occurred but the confirmation candle has yet...
Ethereum broke out of a falling wedge and is showing a golden cross on the 50/200 day MA (dotted), and approaching the same on the 50/200 EMA. Its falling wedge TP 1 lies right around the neckline of a Head and Shoulders pattern that we fell below during Spring of 2022, as well as the right shoulder. Falling wedge TP 2 lies just near previous ATH. Get above...
Asian paints was in a way of its bullish head and shoulder breakout also with full support of RSI .. Buy it at 2856 Target 2918 2964 3027 Sl 2730