Head and Shoulders

EhsanHz07

the **reverse Head and Shoulders pattern** signals a possible bullish reversal, and if Bitcoin breaks the resistance with strong volume, it could lead to a significant upward move. The current pullback and neutral RSI suggest the market is in a wait-and-see mode, but the setup looks promising for a potential price increase. What do you think?

alikze

🔍 Technical analysis: Forming a head and shoulders pattern - It is moving in an ascending channel in the daily time frame. - After the touch neck line and also the failure of swing and poleback to it, it has continued its growth up to the ceiling of the channel. - Currently, an AB=CD pattern is formed. - In addition, a head and shoulder pattern is also...

MyCryptoParadise

Yello, Paradisers! Is LINKUSDT setting up a trap for beginner traders before making a strong reversal? Let's break down what we're seeing right now. 💎Currently, LINKUSDT is respecting the supportive trendline, but this setup might be a trap for those blindly buying in. There’s a high likelihood that the market will first liquidate traders placing orders along...

Davy_h

In my previous post I talked about a potential head & shoulder forming. Now, a while later, it shows that it is actually following the idea. This could be a big indicator that the market is done with accumulating and making itself ready for a good old pump. Loading....

TheArtOfCharting

══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...

TheArtOfCharting

══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...

jasperlawler

On the daily chart, there is a clear break of a downtrend line with a confirmed weekly close above it - unlike during the liquidity grab where the price broke higher but then closed the week under the trendline. This broken trendline and Friday’s low at 161 is now support. Should the price be able to break above the August peak, a next possible upside target is...

MohamedSewid

Bearish head and shoulders idea on ZEC Idea's confirmation: below $24.4 Idea's cancellation: above $32.5

Mihai_Iacob Updated 

When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times. Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've...

PavelinCrypto

We can expect a rejection from the above resistance levels, RSI is also in the overbought region.

moressay

There's a beautiful pattern on NASDAQ:NVDA daily chart about to complete. The 1st attempt was failed, now it wants to give another try. MACD downtrend line has been broken...usually price follow suit...but in the market, always prepare for the un-norm. Cherio...

jad_muru

Chainlink Copium prediction - with a recession looming it can create the final dip back to the previous mid range of the range from 2022/23, caused by the head and shoulder coated over the past yr, also lining up with the POC of the range. This can be the second wave. which then kicks off the delayed bull run that alts have been waiting for. Creating a 5 wave move...

MyCryptoParadise

Yello Paradisers! 🚨 If TONUSDT corrects lower, we could see a potential bounce from the identified demand zones. But for this to happen, we need confirmation. 💎TONUSDT needs to display a Change of Character (I-CHoCH) on the lower time frames, which would shift the structure to a bullish outlook and strengthen the likelihood of a bounce from this zone. 💎If the...

William_Playfair

The target of the head and shoulders top takes the price down to the long term trend line which will act as a key level of resistance. Some 19% fall from today prices Breakdown of the 200 EMA will cause the price to drop to the next key level of support and this is about 18-19% lower

linofx1

EURCAD is currently in a pronounced downtrend. Following a test of a key support level on the 4-hour chart, a small inverted head and shoulders pattern has emerged on the 1-hour timeframe. To consider going long on the pair, watch for a head and shoulders pattern on the 1-hour chart and wait for a breakout above the neckline at 1.4946 to confirm buyer strength....

MrAndroid

Looks like the USD is breaking out of a bullish inverse head and shoulders pattern on this hourly chart. Yen resumes its journey downwards after all the blather about it surging.

Mojo_0906

From a technical perspective, it seems like GBPUSD is under the formation of a Head & Shoulder pattern. However, we need to wait and see how the pair is behaving near the neckline while forming the head. I'm expecting the head to be formed near 1.30000 to 1.30500 levels. My view co-relates with EURUSD pair. I think the below will happen in these 2 pairs ...