#ETH/USDT
#update
$ETH in a short time frame shaped an inverted head and shoulders pattern and broke out from the neckline.
🐮 after a pullback to the broken neckline, we can expect price increase toward the resistance zone between $1740 and $1780.
🐻as we are in a boring sideways move, so price may reject from ascending resistance zone and drop to the support zone.
As to the previous post, what are the chances that Shib will flip resistance to support? Look at the RSI and the MACD indicators. Notice anything interesting. comment below!
I’ve been reading the inverse head and shoulders forming since July. If Shib breaks through the next resistance then the thesis is still valid. Let’s see where Shib goes after that Shib Infinite game. Anyone want have any input for a dialogue?
OG looks very promising on the daily/weekly chart!
As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern.
We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of...
Price action and chart pattern trading setup:
> Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders
> Entry @ breakout neckline
> Target @ approximately the height of the head 9 baht
> Stoploss @ upcoming right shoulder minor 5-wave
> Risk reward ratio: 2:1 with downside -6%
Indicator:
> RSI +50 cross MA and MACD...
GBP/JPY is in a bullish trend . The price action just formed an inverse head & shoulders chart pattern and broke out of its neckline . Expecting bulls to push prices higher towards resistance .
⚡️ #CHZ/USDT - LONG - #SCALP #IDEA⚡️
Risk
- Medium-Low
Entry Conditions:
- Inverse Head & Shoulders Pattern in play
- FC Barcelona To Accelerate Web3 Strategy As Socios.com Invests $100m In Barca Studios
News Source:
- medium.com
Entry: $0.1387
Take Profit 1: $0.1447
Take Profit 2: $0.1532
Stop-Loss: $ 0.1334
We can see price action on the weekly xrpeth chart is peeking above the neckline of an inverse head and shoulder pattern here. If we can close this weekly candle above it and see a bullish volume impulse on next weeks candle we should be able to confirm this breakout which has a target that would lead to xrp gaining 59% in value against ethereum. For now this...
I am noticing a potential CONFLUENCE breakout of both a falling channel and an inverse head and shoulders.
Am entering long on break and retest.... For a quick 3.48R.....
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We have a huge falling wedge on the daily chart, and the price is currently breaking out!
As per my Elliott Wave analysis, an ABC correction (ZiagZag 5-3-5) has been completed on the macro scale.
We had a massive uptrend in 2020–2021 and also made a double top (2018, 2021), so this coin is definitely stronger than others.
The first profit target is at a...
Missed this boat as it broke out of an inverted Head & Shoulders neckline (@ 127) and at the moment it is near a possible resistence around 136. Will be interested to buy the next dip and will manage trade with trailing stops just below the 20 day moving average
RSI is strong at moment so the dip may not happen so soon. Let's see.
Disclaimer: Just my 2 cents...
On the daily chart, we can spot an inverse head and shoulders, a bullish reversal pattern.
The main trendline has been destroyed by the bulls! And now we are trying to break the main resistance.
Also, we have a falling wedge on the LOG scale, which is a very bullish sign too.
If we take a look at the volume indicator, we can see an elevated bullish volume -...
F's downtrend started to flatten out from mid June (trading between 10:65 - 12.45), eventually breaking above the "neckline" @ 12.45 on 19 July. It retested this neckline a week later and held, giving conviction that this previous "resistence" is now a new "support".
Today it gapped up on strong volume as earnings had surprised to the upside. It is likely that...
In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
The profit target is at the...
* Breaking out of an inverse head and shoulders pattern
* Measured objective for the pattern is around the all-time-highs
You can trade the ETF itself or find buying opportunities in individual stocks in this sector.
DYDD before buying anything and always manage your risk!
