the price action has found resistance on a trendline that fits the angle of the other 2 previous tops and creates a valid rimline for a cup and handle with some very notable upside....should this cup and handle trigger it would not only take us to the price target for the previous inverted head and shoulder breakout that we've been patiently waiting to reach but...
Chainlink looking very nice forming the cup and handle (yellow line).
If the technical pattern continues we could see a massive rally soon
Short term target: 0.00006900 (7%)
Long term target: 0.00009345 (50% , recent November highs)
Very Bullish target: test above 0.00010000
My idea is that we will not reach a new ATH before the year's end.
If the trend reverses downward I think it is possible that we see a pattern that was also visible in Jun/Jul 2016.
If this happens It is important to pay close attention to the news, rumors and hype machines out there.
A possible strategic partnership with a ride sharing company could give a fast...
Hello everyone,
If you follow my telegram channel you seen my call and the discovery of the june fractal playing out.
+ There is a big daily bullish divergence.
Here is the fractal comparison I made:
The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is...
This inverted head and shoulder has a disproportionately long left shoulder but it is still valid we are currently testing the neckline. Judging by how overextended the stochrsi is on the buy side on the 4hr chart there are decent odds that this could be rejected here at the neckline but I'm pretty certain on the 1 day stochrsi we are in the oversold territory...
Bitcoin is sliding down to possible 3200 USD
The right shoulder is in the making and it's likely to fall hard to 3200.
80% chance it will fall
20% breakout the downtrend (that will be the beginning of a buy signal)
Please leave a like
No momentum to break higher - Price instantly gets sold into. This might need to test some support before a new all time high. Not a sell call yet, but soon maybe.
We are now potentially forming an inverted head and shoulder pattern overlaid on top of the falling wedge which only will increase the odds of a bullish breakout for btc. In order for this inverted head and shoulders to have a chance it must have a bounce before too long and the most likely spot we have as a good bounce support is the top trendline of the falling...
we can see XRP finally broke the resistance of the horizontal pink line. XRPLedger payments volume is really starting to boom as well on the xrpcharts on ripples website. Onward and upward we should hit the inv h&s breakout target within the next 1-3 1day candles is my estimation. Also greatly widening the gap and dominance over Ethereum and making big gains on...
EUR use long, headed towards 61,8 fib on daily.
reasons to go long:
Monthly rejection of 61.8 fib ( monthly tf )
Weekly rejection of 61.8 and structure created
Daily:
Break of bearish trend line ending first leg of downtrend swing, now heading towards 61.8 retracement which is previous consolidation area
After the 61.8 is hit 2nd leg towards -61.8 is...
here we can see the inverted head and shoulders and how xrp is currently testing the neckline. I have two price target as here in black boxes. The first one represents how high we should climb after breaking up from the small symmetrical triangle(in green). The second much higher price target is where we will go if we trigger the inverted head and shoulder pattern...
bad day in btc today as a big head and shoulder pattern has triggered and reached the first possible drop target which it is now currently wicking upward from. That target was calculated by not including the super tall bitfinex tether wick on the head that happened in october...the second target is about 1,000 lower than that and factors in that massive...
Hard not to jump in on this with that giant volume bar on XEM I say wait until we have a confirmed break above the h&s neckline though that flips the neckkline from resistance to support and solidifies it with either 2 1 day candle closes above it or another huge influx of bull volume once it crosses above the neckline...it's already done a fake out once it could...
The inverted head and shoulders on Stellar I told you all to keep an eye on in my idea on November 6th is about to reach its breakout target. Kudos to all who traded with this in mind as I did.
