Inverse Head and Shoulders on the weekly / daily NYSE:BAC$BAC chart.
I would probably wait for $BAC to rise above $30.5 -$31 before entering into a long position.
If $BAC sees $31 then the first target is $32, and the last target is $35 (although I find this hard to believe to be honest).
Something to consider: $WFC Wells Fargo has a Head and Shoulders pattern...
TRON is one of the few alt coins, which are doing great. TRX might soon attempt a break out from it's huge inverse head and shoulder pattern - it will not be easy though due to the very strong resistance.
But time your entry well, and if TRON succeed in breaking out - the sky is limit!
US Dollar hit this week from the Brexit headlines but now has a great entry to continue the re-test of previous highs. Have a tight stop loss so we can find another entry later when Brexit dies down (hopefully..)
- Possible bounce from 38.2% fib retracement
- Price is on the neck-line of the inverse head and shoulder
- Possible failed...
Cardano (ADA) is looking very bullish on daily to test the neckline of the inverse Head and Shoulder formed over past several days and is heading close to the moment of truth.
Ichimoku setup bullish on daily as price broke out of the cloud and lagging line comfortably above price candles and cloud
Once resistance is crossed on a daily candle close, the upside...
Weekly chart confirmed the trend line with a 3rd touch. Daily chart shows inverse H&S pattern with RSI and MACD divergences. This could break to the upside after Easter holidays. Great reward to risk ratio.
Clear inverse head & shoulders forming, should break up to $5200. IF we can hold that level & grind up to $5300 the bullish movement will continue.
If we cannot clear & hold $5200 within the next 24 hours price will likely dump to $4800 leading to an eminent free fall to where we started.
Overall I am leaning towards opening a low leverage short somewhere...
First trade going well at the low of the shoulder. Next long added through the break of the neckline. A recent close of the hourly candle above the 200SMA gives higher probability that pattern will be triggered. Good luck!
Tesla missed its Q1 shipping projections and markets should gap lower today on the US open. Forming a reverse pattern on the right shoulder. Good opportunity to buy. Potentially wait for retest of the green buy zone to buy.
Technical Analysis is important. Crypto is no exception.
If you map out the targets of the Inverse Head and Shoulders (purple), as well as the target of the Ascending Triangle (yellow), you'll see how Bitcoin respected these to a tee by skyrocketing to the Yellow target then correcting down to the purple target.
BTC price could bounce between the 2 target lines...
LEVIATHAN CAPTAL PARTNERS
31 march 2019
BTC is inside a uptrend channel.
BTC is about to break the inverse head and shoulders resistance.
BTC is bouncing from the fibonacci supports.
BTC closed 7 green weeks, technicals indicators shows some strength.
TECHNICAL ANALYSIS :
The inverse HAS...
An inverse head and shoulders seems to be in the makings for Fetch.AI FET/BTC.
The volume has been steadily increasing since appx. March 17.
Long if 4H price closes above ~5486 satoshis.
Invalidated below 4980 sats, set stop/loss here.
****UP**** towards target of the Weekly Inverse Head & Shoulders pattern (target around $4.8k)
****DOWN**** towards the bottom of the ascending triangle (at around $3.7k), and possibly even lower to retest the 200 Weekly Moving Average creeping up at around ~$3.4k.
The following few days will tell us.
April should be an interesting and volatile month.