LTCUSDT - Litecoin Halving Revised Chart - Top Reached at $60-64 Time for a Retrace?
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Update 2: The top has been hit at $60-64 which was a good sell area as advised yesterday. At this moment,...
PHX/BTC on the way for T1 after a Bullish Gartley completion.
This is a type I reversal. T1 is my aim but depending on the agressivity of the trend, I might take profits T2.
Good trade and good luck everyone,
Looking for a pullback and a further push to the 27000 line resistance for the start of right side daily head and shoulders if it decides to continue downward for current price we could see a long term sell off to the 61.8 fib of 23700 for a possible completion of a head and shoulders pattern on the daily waiting for a break there could mean another large move...
AIONBTC appears to be forming an inverse head and shoulders on the 4 hour chart, a break out from the neckline would see an upside target of around 0.0000677, from it's current price the upside would be around 90% with the ability to place a fairly tight stop below the tip of the right shoulder.
Price tried to break the channel but failed. It will pull back a liitle and try once more.
We expect the breakout this time. It is safer to trade after the breakout.
You can try to catch the right shoulder of the H&S pattern
Thank you for your likes and comments
Maybe a bit early, but looking at current market data I have plenty of reasons to believe USDCHF is forming a Head and Shoulders pattern.
For instance it would agree with UJ Seasonality. Trends of CADCHF and CHFJPY allow you to see where the third pair USDCHF is heading, a correlation technique I often like to use.
Momentum of the three pairs is forced by laws...
I HAVE HERE AN INVERSE HEAD & SHOULDERS PATTERN ON GOLD! JUST WAITING FOR THE RIGHT SHOULDER TO FORM AND ITS GOOD TO ENTER. LET ME KNOW WHAT YOU GUYS THINK. It's ALSO REJECTED OFF THE 50 EMA ON THE WEEKLY.
Gold made a year low at 1271 last week, and it has rebounded to just under 1280 since then. A possible inverse head & shoulders pattern is spotted on the 1-hour chart. The neckline of the inverse head & shoulders pattern stands at 1280. A confirmed breakout above the neckline can lead to further pullback to supply zone at 1287-1290, which is the MA(200) and last...
Dear Colleagues, recent new lows confirmed momentum to the downside. Expecting reverse on the red line and possible iH&S being drawn further in time.
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We currently see the Dax in an uptrend as it broke out of the inverse had and shoulders pattern and continued it's upward momentum supported by a spike in volume. However we see the index as overbought with the RSI at 73.6 so we still have a short position and would expect the Dax to start falling in the coming weeks.
Looking at the .618 fib level on the daily @ 23570 for long term short for possible inverse head and
Shoulders hourly break of a wedge pattern breaking the the first fib level for a downward push to 26000 is a possibility then a retracement I have been in this trade since 26470 and will continue to hold until the final shoulder of the possible inverse head and...
The largest market cap in the Bursa market have formed a classic chart pattern breakdown with formation target at 7.125.
Price level 9.10 have used as neckline instead of June 2018 low. The reason underlying by two symmetrical shoulder (left and right) ended and started development from this price level.