Do you think the head and shoulder pattern is being completed? In terms of wave counting of Elliott waves, it looks like this
It's a scaling solution. It has a big gaming component. It's a low cap. all the ingredients necessary for the possibility of delivering outsize gains.. Let's get to the halfway point and assess the likelihood there.
Following the US cash open, we can see precious metals have been broadly bid today. The price of spot gold (XAU/USD) and spot silver (XAG/USD) are +1.7% and +2.8% higher, respectively, at the time of writing. Despite UST yields advancing and the Dollar Index offering very little, both gold and silver are outperforming! Resistance is limited on gold, paving the...
Overview Bitcoin is the best litmus test for the crypto market. Whenever I can't get a read on a particular token, I refer back to Bitcoin. After reviewing the chart I believe Bitcoin is on route to $100K. Honestly, I wouldn't be surprised if it rockets pass this price and hits the next key Fibonacci level around $150K but that is months down the line. For now...
Inverted H&S with momentum coming. Marathon Digital Holdings (NASDAQ: MARA) is currently riding a wave of bullish sentiment, propelled by several key factors that intertwine the worlds of cryptocurrency mining and market technical analysis. As a prominent player in Bitcoin mining, Marathon Digital's prospects are closely linked to the movements and milestones of...
I've been watching Centrus Energy (LEU) for the past few weeks considering they are a strong company and we're in a very strong controlled selling (yellow) algorithm for some time. I was waiting for a bullish sign of reversal prior to finding support at tapered blue - which we saw last week when price was picked up by teal buying continuation. We are now gapping...
A head and shoulder reversal pattern is forming on Ocado. Started in August 2022, this is likely to complete this December, but not guaranteed. The left shoulder is forming as expected. But will it bottom at about 380p and then rise?
The market is currently at a vertical support level, and it has touched the trend zone, which it had previously done twice in the buy zone. Now, we expect the market to behave similarly. On the 4-hour chart, the market has formed a head and shoulders pattern, which is almost complete. Now, if the market breaks above the neckline area of this trading pattern and...
Long NZDUSD 1H NZDUSD may see a reverse head and shoulder if it breaks the neckline. Entry Price: 0.61080 TP: 0.61400
══════════════════════════════ 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...
The last major two lows generated a possible channel bottom. In Sept 23, shorts broke a major level and rushed for the break of that line for a 3rd time. Really scary. They almost got it, but then the rally happened. Now we are out of balance to the high side, and have hope we can go higher, but not before we take a soft landing, IMO. Based on the channels...
Hotusdt has submitted a breakout of inverted head and shoulder on weekly scale. If bulls manages to sustain above neckline, it has a potential of giving hefty gains. Manage your risk accordingly.
Lovely inverse head and shoulders These next few months you will see massive #altcoin runups Please take advantage!
Next set of targets for LINK not hard to predict Chainlink will keep trending up --- we're in a Bull after all The hardwork by investors, was completed in the year and half sideway accumulation zone under $10 now what ... not much sit on your hands and rotate shitcoin profits into it ... (if LINK is core component of your portfolio of course) At some you...
... for the cycle Bitcoin could be so strong That even though the others index ( aka shitcoins ) still do well from here. Maybe they don't make a new high for this ratio. As this chart shows -- last cycle all the coins outside the top 10 peaked at 1 : 2 bitcoin.d essentially the others.d was around 20% of the entire total market bitcoin was around 40% Eth...
"Monitoring PEPE/USDT: Is it Ready for an Upward Move?" In the coming days, it appears that PEPE/USDT has positioned itself for a potential bullish momentum, and our analysis points to several strong factors that may support this potential trend. 1. Golden Fibonacci Support Zones (0.618): The chart indicates that PEPE/USDT is currently trading in strong...
NYSE:BABA Inverse Head & Shoulders inverse head and shoulders" pattern is a bullish reversal pattern commonly observed in financial markets, particularly in stock charts. It typically indicates a reversal of a downtrend and the beginning of a potential uptrend. Here's a description of the inverse head and shoulders pattern: - **Formation**: The pattern...