- STX is forming an inverse head and shoulders pattern on the daily candles, which is a bullish reversal pattern.
- Volume favors bulls, as there is not any selling pressure.
- All time high resistance 2.85 can act as a resistance.
- The price is above a trendline from 2020.
- For expected duration of the trade, probability, stop loss, profit target, entry...
The above analysis is done purely based on price action and chart patterns.
The analysis is done in live market on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup (Entry, SL and Target) is shown in image itself.
Safe traders can wait for today's candle closing and if the level is sustained and...
Michael Burry tweeted about this a little while ago. I've been monitoring it for a month or so while the price has been ping-ponging around the $35,000 - $30,000 range.
If price dips and maintains below $32K, the pattern is confirmed it's going to tumble or crash hard. Like the broad equity market, the amount of leverage traders hold is quite likely off the...
The EJ has been one of the main pairs on my radar for this entire week. Originally I was looking for a bullish breakout on the higher timeframes, but instead we ended up getting a false break & a retest of the lows of the channel. After putting in a nice tweezer bottom at the lows we've now put in a head and shoulders type of move & if price can violate the...
EURCAD could possibly break up now and retest the neckline to confirm the head and shoulder reversal pattern.
It's important that we break the daily level which coincides with the neckline and channel resistance. Then we can confirm that we have broken the downtrend.
Goodluck and trade safe!
I am expecting price to make one last push to the upside, before falling.
This push can possible create the right shoulder that I am anticipating.
A head and shoulders at the end of an uptrend can signal a reversal pattern.
This candlestick formation along with price respecting the monthly/weekly supply level, is a strong confluence.
BTCUSD broke the neckline of the head and shoulders pattern we've been discussing this week and now also broke below 50 EMA. We seem to be wanting to come back up and test the 50 EMA now acting as resistance. Not pictured on the chart we found support on the 4hr timeframe 200 EMA. This is a very crucial point for BTC to hold any hopes of a rally back inside the...
Bitcoin is potentially forming a giant H&S pattern inside of a larger Descending Triangle or Bullish Flag.
In light blue, I have drawn a hypothetical price scenario.
The RSI is breaking the downward sloping resistance of a descending triangle formation.
The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or...
ANKRUSDT is creating an inverse head and shoulder and the neckline is on 0.382 Fibonacci level.
IF the price will break the neckline, and flip it into new support, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure...
Less than 2 months in length but a clear close below the neckline today. Price target listed on the chart. 200 MA is an obvious support level. A daily close back over the right shoulder will negate the pattern and possibly set the stage for rally back to chart pattern head high.
this is the 1st day of the new fcpo-nov...
hi, this is haidojo trading and the number is 139...
well, what has happened today is the price tested 2710 and slided down...next level it might go to the "neckline"
2560-2605...a break lower than this level indicates that a lower-low has formed...trend has changed to downtrend...
resistance : 2780-2810