Reasons for bullish bias: - Inverse Head & Shoulder formation - Entry at neckline breakout - Strong bullish divergence on weekly plus daily - Price is at weekly support - Insider buying Here are the recommended trading levels: Entry Level(Buy Stop): 30.97 Stop Loss Level: 23.46 Take Profit Level 1: 38.48 Take Profit Level 2: 45.99 Take Profit Level 3: Open
══════════════════════════════ 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...
══════════════════════════════ 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...
A big Head and Shoulders Pattern is forming after last month's rally. This suggests that the trend could rapidly change. This would lead to a bearish phase with the BTC price reaching 50'000 USD or less. We would need to reach the 70'000 USD zone soon enough to invalidate this scenario.
FTM has formed a reverse head and shoulders pattern in 3D chart and ready to explode any time soon. RSI currently: 75 Ultra Bullish, Macd: Golden Cross already came in, DMI seems to be bullish in lower time frames as well, Ichimoku also gives every possible bullish signal it can give, Well everything on the chart. If it closes 0.556 in weekly time frame I'm...
🐂🐂🐂...💨 - BTC inverted head and shoulders forming - Strong support from the QP Levels - We can expect it to retrace ideally back to the -0.618 level that happens to be a major QP -RSI Is highly overbought - which means that there are more sellers than buyers at the moment for that price This can be day traded / Option traded / or just HODL...
The classic execution of the bullish reversal formation, the inverted head and shoulders, is being performed with confirmation by volumes.
PYPL has had a great past two weeks putting in 7-9% gain. In the past week however, that momentum has stalled. PYPL has printed a head and shoulders pattern. The predictive algo of Lux algo suggests a reversal here. PYPL has been resisted on the higher price action by the second upper anchored VWAP band. The H & S pattern neckline is about 63. The...
After the initial launch bull run , and subsequent expected pullback I really like the basing action that has occurred on this chart It may take a little while to break the neckline , But once it does it could move quite fast.
Imagine, this would wreck so many people. Let's hope this doesn't come to pass. If a head and shoulders pattern forms and completes then the target would be in the GETTEX:46K region.
Technical Analysis Overview Current Price : $10.34, a 3.77% increase. Weekly Trend : Showing a positive trend with a 5.35% increase over the last five days. 1-Month Trend : A significant increase of 51.96%, indicating strong bullish sentiment. 6-Month and Yearly Trends : A 17.04% increase over the last six months and a 124.51% increase year to date,...
Hello everyone, I'm thrilled to share my 101st analysis here, marking a significant milestone in my journey. While there were certainly some analyses that didn't pan out as expected, I believe the ones with better results outweighed them in total. I'd like to express my gratitude to those who supported the ideas, left comments, or liked the analyses. Your...
Cryptos show their hands. I'm bearish DXY going forward until May 2024. Head and Shoulder Pattern. Long stocks and cryptos.
Stock built Weekly inv. H&Sh (or big bull flag). There are some volume confirmations for me here. Also, I can note very clear AVWAP reaction. Now, only thing needed is volume and executional setup.
has a inverted head & shoulders in the works That has some nice targets SEcond cycle so it in most likelihood it falls short of the previous high as is customary for altcoins but the previous cycle's action is enough to attract speculative capital into these type of coins to ride a memory pump there you go.
Watch for our strong selling purple to continue to push us down to support at orange. If however yesterday's push down was to prove tapering on orange, we could see a breakout of purple and be back within our magenta tapered controlled selling to continue to move up. Keep an eye out and I will update you as price develops! Happy Trading :)
price is testing again 81 big horizontal resistance if price breaks this level then it can make inflation fight longer
The Yen v Dollar having already started the plunge out of a very long term head an shoulders move with resistance confirmed is now at the bottom of a descending triangle pattern. A failure to reverse this pattern and go lower could mean a dramatic slide in the Yen. It is not surprising that the Japanese Central Bank announced a rate hike. Generally everything they...