From a purely technical perspective this is a very bullish chart. Inverted head and shoulders looks like it wants to retest at least recent highs, perhaps ATH.
4H - ADA/USDT - Binance
Cardano is setting up well for a potential inverse h&S. The neckline has been strong resistance, thwarting six candles so far. Yet if this pattern prints, it could mark the 7th or 8th attempt at breaking through $.34. Bbands are starting to neck down for a consolidation within the potential RS. I'm looking for an uptick in volume upon...
We broke out the neckline of an (albeit stretched) inverse head&shoulders pattern. Big resistance coming up. I'd go long if resistance is broken and support retested & confirmed
Gold hit my target of $1870, now what? This chart is showing a continuation pattern into yet another inverted H&S. To make this happen we must see a small pull back or sideways consolidation before going up. This will reset the RSI and build confidence. I have a target of $1830 for the pull back, then an upper target of $1950+/- . Falling below $1820 is a sign of...
Hello everyone,
XRP/USDT structure looks bullish and we are attempting this weekly weekly resistance.
If we do so, expect some retest of the mid and high 0.40c area.
This is a good coins to hold for now!
Potential Inverted Head & Shoulders Pattern needs a neckline break to confirm.
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Hi All,
*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable ***
Link supplied below:
MY THOUGHTS:
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Keeping this one short as the previous post explained the observations and business case.
Basically an...
1- Falling wedge ( Bullish pattern ).
2- Potential Inverted Head & Shoulders ( Bullish pattern ).
IHS is valid after it forms a right shoulder and breaks the neckline
After breakout stop-loss below Fibonacci retracement 0.236 level and TP's around 0.382, 0.5, and the Golden Pocket.
Bitcoin Trading Club is created to share valuable trading ideas, charts and to...
Bullish: I'm seeing a potential Inverted Head and Shoulders pattern with a target between 12400-12550 (depends on where it breaks if it breaks)
Bearish: There is also a descending broadening wedge which could playout with a target between 11300-11500 (depends on where it breaks if it breaks)
You should definitely wait for a breakout before taking these...
Hello traders,
Context
XLMUSD has been consolidating gains for about two and a half weeks since the local high set on June 4th. Now, XLMUSD seems to be on the verge of breaking out of the downtrend that has constricted price action since the local high. An inverse head and shoulders pattern may also be forming on the daily chart that could help propel XLM to...
Hey guys , keep watching BTC ternd line. First Scenario :If the price breaks it on around 9000 usd and pulls back to continue its downward move we will go out of Flag zone toward the first Target in an Inverted Head & Shoulder pattern. Second one: If the price goes out of the Flag zone on top of the referred trend line, it will goes toward the first target price...
Inverter H/S with a hammer off support looking like we are going to test higher before the usual summer blues back to 7300 or so.
Trade, Chart, Learn, Repeat
@coachkcrypto
Yeah. I know it looks bearish. been bearish. peoples is bearish. However. got a couple lowTF TD9 Perfected setups on it. And a IHS potentially on Weekly if they do play out. And some divergence to go around. and some channel action not yet violated. Could be
