The overhead resistance bitcoin priceaction has been battling with the past few days is this upward slanted tan neckline shown here. Not sure when price will actually break above this line and upward slanted inverse head and shoulder patterns can be some of the more difficult ones to trigger the breakout on…however if it does indeed breakout in the near future the...
ROKU trended up paradoxically from less than a fairly weak earnings report about November 1 '23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a retracement. Price is now forming a head and shoulders pattern having found that support. It is above the POC line on the evolving POC and high volume area. Based on the...
With price having pull-backed to extreme lows, it seems BABA has the chance to make its nearby future reversal. It's important to watch BABA as it nears $62, having a strong historical resistance to that point. Hoping retirement money comes early for us all.
Here is IWM bouncing off of the 5ema while also in the process of confirming an Daily inverse head and shoulders pattern. The inverse head and shoulders will be confirmed once price breaks 199.53 and this could give IWM a chance for continuation to $205+.
I am looking at a potential Head & Shoulders pattern. We have seen a few H&S's in the recent months. It's about time we should expect a LONG. Stay patient and let's see where the price goes.
NMR shows an inverted Head & Shoulders pattern on the 30 minute time frame. On multiple time frames the next big resistance zone is at $29. This could potentially give a profit of approx. 15% on short term.
Stacks is moving within an inverted Head and Shoulder and has no resistance on the 4H time frame till 2$ that could give a profit of approx. 40% from the current price.
Hello Traders ! On The Daily Time Frame, The AUDUSD Reached a Strong Resistance Level. The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 ------------- TARGET: 0.63700🎯
As We Talked in The Previous Analysis: The Price Formed a Head and Shoulders Pattern. The Neckline is Broken ! Currently: The Price Pull Back to Important Structure. and it Will Continue its Bearish Movement. TARGET: 0.63700🎯
Today was an incredible day for many cryptos, and not so much for others. But one thing you can be sure of is that XLM has been spending the past two weeks forming a perfect head & shoulders pattern on the 30 minute chart that, assuming it plays out bullishly, is almost near the take off point! If price action breaks out of the dashed white line at the top of the...
Bitcoin is very near golden crosses of its 50/200 MA (dotted lines) and EMA (solid). It is also just below resistance. If it is going to get a re-test near wedge top, where it broke out (green wedge), or near the 50 MA or EMA, it'll happen soon. It could just run to ~26 and ~30k, get those golden crosses, get above resistance and head towards double-top...
Quick post - Possible path to completion shown above. Idea based on previously published weekly chart here:
Breakout from a classic inverse H&S pattern and with volume too.
BONK BONKUSD when viewed on the 3 hour chart which is two hours after open, we see a possible 50 MA cross of the 200 MA. Oscillators and technicals support this move IMO along with volume spikes at key levels. May have to be a short squeeze to make it happen. DYOR NFA
From the base of the most recent rally to the selloff at the major neckline, price has retraced about 80% of its gains, leaving us with 20% left from the last low. Its expected to see continuous selling pressure until $155, and a possible spike-out around $133. First lets confirm local support lvls (30min - 1min) for a reversal back to liquidity (~$216) to only...
After the recent run, Tesla has begun to pull back, potentially forming an inverted head and shoulders pattern, and they could also fill the previous gap to the downside from back at the end of January.
Rounding bottom formation since September 2022. Is testing the broken resistance, if it breaks down to the next support I would buy more. Is a highly volatile stock, set your risk reward accordingly.
📌 To complete the upward trend, it is necessary to see the $33,000 area again. 🔍 If we look carefully, we probably have a head and shoulders pattern. ▪️ The areas that we have identified are strong for supply and from here the possibility that a higher ceiling will be set for us is very, very weak What do you think?