Strong support in the demand zone shows likely bullish pressure.
sell sORRY FIRST TIME MAKING THIS TP 1.48
Looking to sell at 0.8880 down to around the 0.8500 area. Will hold past target if I can trail a tight stop to potentially run it down to 0.8400
On the daily chart there has been a candlestick pattern known as the 3 inside up at a major support zone, one of which was also an engulfing candle. One the 1 hour chart there is a bullish wedge being formed. On the 4 hour chart there has been a head and shoulder formation, subsequently i will wait for a retest of the head and shoulder pattern which is also near...
Buy-and-hold setup. I have already half of my position. If price goes lower and the price action looks good, I will take the other half
It seems the head and shoulders pattern has been triggered. We are currently at a potential support zone on the 1 day charts 200ma(not shown here) If we can bounce there or at least before the horizontal aqua colored line shown here it will be a very good sign because we will have simply formed a higher low but if we were to reach the projected drop target of the...
This idea will be listed neutral because while we still have the very bullish and valid Symmetrical triangle here we have also developed a head and shoulder pattern which is currently now threatening to break the neckline of. Many head and shoulder patterns become fakeouts though so if it is the case that this head and shoulder pattern is a fakeout as well I think...
ssia.
Show here is the 1 day chart bull pennant. I will post the 4hr chart below this to get a better look at the cup and handle. The top trendline of the bull pennant is overlapping with the rimline of the cup and handle pattern...which is currently causing double reinforced resistance...I believe however by the apex of this 1 day bull pennant(next 1 day candle) that...
please I have a family... please.
so far it has completed a left shoulder and a head keep an eye on it to form a right shoulder. If so I will switch from neutral to short if I see it break the necklien and confirm....but only short for a little while considering 30minute head aand shoulders don't typically drop too far.
Looking like it may confirm the break but as always we need confirmation candles to confirm the breakout and with a 30minute chart it may take more than one...looking optimistic so far though.
A Pattern worth keeping an eye on...price action is currently heading back towards the neckline.
ZCash is one of my long holds so regardless of whether or not this inv h&s pattern breaks I will be holding. I'm pretty confident it will at least be testing the neckline soon and likely breaking upward. If it does break upward I have the price target posted here in green.