Hello my Fellow TraderZ,
So here we have $SOL today which is trying to hold up here after breaking the Trendline. Few more candles above the Resistance will clear the line for LONG Signal.
Also see the Inverse Head & Shoulder Pattern, which is still validate and post- breakout the price is retesting the neckline.
All eyes on Powell Feedback about #CRYPTO's...
I break down where I see price action struggling to make new highs.
I also step back and point out a very sizable "inverse head & shoulders"
These pattens could take months + to play out - if they do.
3:1 RR
1% Risk happy trading.
This is an exploratory thought.
Posting for future review not actual trade.
Tomorrow I am expecting a weaker continuation to the downside with some possible chop or a bounce around the 280 mark.
TSLA is one of the few stocks that have held well during this market drop and they still have some room to the upside before they should text newer lows. (my thoughts)
Of...
After doing a fakeout above the yellow neckline we now have price action for king above the white neckline….not sure which one will be the most valid but if the white neckline reaches its target they both do. I imagine it will be retesting the 1day 200ma before too long. *not financial advice*
After reaching the breakout target of a much smaller inverse head and shoulder pattern, the price action on the xrpeth chart has continued to pump and is now sitting above 2 necklines of a much bigger inv h&s pattern. The only resistance it is yet to break above is the yellow horizontal neckline of a double bottom pattern that also doubles as a horizontal channel....
Silver - Intraday - We look to Buy a break of 19.67 (stop at 19.57)
A bullish reverse Head and Shoulders is forming.
Previous resistance located at 19.65. A break of bespoke resistance at 19.50, and the move higher is already underway.
There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 19.94 and 20.20...
Hello my Fellow TraderZ,
Today we going to analyse the chart of the BEAST In-Survival - $XRP.
On DTF, we can see here #RIPPLE is forming an Inverted HEAD & SHOULDER Pattern. The break of the TrendLine is done and a Retest in progress.
Well, we have Two Scenarios here :
1. Price closes the Daily candle above the both EMA55 an Neckline of the Inverse H&S which...
As we can see There is an Formation of Inverse Head and shoulder pattern which is Reversal Pattern.
Just wait for Proper Breakout For long Entry.
Trade safely my friends and let me know your views in Comments.
We can see it has wicked slightly higher than the measured move breakout target. More importantly, in reaching the target of the mini inverse head and shoulders, it has taken price back above the neckline of a larger inverse head and shoulders pattern as well. I anticipate a retracement candle or few to retest the neckline of the larger inverse head and shoulders...
Currently one candle close above the neckline and the current candle is so far retesting that neckline as support. If this validates we should see xrp gain a considerable amount of market dominance back that it had lost over the last few years. May take a few candles to confirm..could also easily dip back below the neckline for a bit as well as is common on most...
$SPY has me on the edge of my chair here on the weekly and boy is there lots to review..
Let's start with where we left off last time..
The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory.
(Green Outline) represents a BROADENING...
ABNB has completed the formation of an invert H&S bottom and looks to be on the verge of breaking up. Will it happen?
When it does breakup, it is normal for the stock to retrace after a few days to retest near the neckline (which ideally should then become the new support). If and when this happens, it will present a 2nd opportunity to stake.
Theoretical...
#USDT.D
The dominance of USDT is inside a descending channel, and below the upper line of this channel.
also as you can see it shaped an inverted head and shoulders.
🐮 the neckline of H&S pattern is the same with upper line of channel, so breaking out from this resistance can increase dominance toward resistance zone around 8.5%, that will cause more fall in...
Look at the daily candle for 13Sep and you would have no idea that U.S. markets tanked on the same day. This is relative strength, and it shows in today's price action as well (see smaller timeframes).
There is a recent inverse H&S pattern, shown by the peach zigzag arrow. In order to move higher, buyers must move price over 304-305 (volume shelf) and then...
