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Welcome to this quick BTC update.
BTC is going good so far. It is breaking out from the inverse head and shoulder pattern. But the real concern here is the volume. Volume is continuously decreasing and price is going up which is not a good sign for the market.
Market is in...
lotta bear confluence here...which is my local bias. i do think recent low was a longer-term bottom we will range at for a lil while but nfa...
resistance is 2pi arc of the smaller circle you see (radius = between those two tops)
bearshark zone as well (included some bull harmonic possibilities)
ihs neckline
ihs and hs "fakeouts" are actually just PA...
#BTC/USDT
$BTC shaped inverse head and shoulders pattern, and now price is below neck line.
🐮 break out from neck line can increase price as high as head toward $25k and $26k.
🐻 rejection from neck line will invalid inverse H&S pattern and price will drop to ascending support around $19k.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH looks good here. Forming an inverted head and shoulder pattern in 2hr time frame. Currently, it is in the process of forming the right shoulder. Once it breaks the neckline of the head&shoulder it will pump hard.
A strong support for ETH is at...
Howdy folks!
highlighting the formation of an inverse head and shoulders for a possible sign of a bitcoin reversal.
$24k needs to become support, $27k needs to be hit to continue going upwards n price and bring favour back towards the bulls
if price crabs at $20k then expect to see lower prices towards $12-13k area for the next most likely bounce area
can go...
AZN on this Monthly timeframe is extremely bullish
More interestingly though is the inverted H&S patterns that have formed a long this 50MA line
I have counted three in this post, all leading to a bullish result
More of a creative post
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update.
BTC is forming an inverted head and shoulder-like pattern here which is generally a bullish pattern. Currently, it is in the process of forming the right shoulder and the important support here is $19,800-$20,200 level. I'm expecting a bounce...
I am watching to see if a breakup will materialise, and when it does, a high volume breakup will greatly improve the odds of this pattern succeeding.
This pattern is formed over 3.5 mths+ which is rather short (6 months or more prefered), meaning it could face more near term resistences on the way up. If it could go above 135 eventually then the coast will be...
Bullish argument for VIPS:
1. formation of inverted H&S
2. now above 200 days moving average
3. held above neckline and 200days MA for the past 2 wks
Less bullish:
volume is below average (would have prefered to see stronger volumes esp upon breakup)
Let's see if this inverted H&S will work out.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your...
CRSP has been consolidating in what is potentially an inverted H&S pattern since hititng inot low on 12 May. Despite the overall market being extremely weak this week, CRSP dipped and quickly recovered forming a potentially bullish candle for this week.
If CRSP can have a weekly close above 68 then there could be grounds for more optimism. However, a weekly close...
Nifty making Inverted Head and Shoulder on Daily and hourly , closing above 17500 on daily will make the target to 19400 in comings weeks :)
Waiting for New life high soon.
23.04.2022 - 07:46
As long there is now LL, i think we see iHS.
When we see a LL, i think RED down line is next target.
When you want to long, this area is a good Option, but with SL or small Position to rebuy later low
Seems like an inverted head and shoulders is forming on TSLA (1hr)
The left shoulder and pivot price being $680.20
A failure of that support to hold, we might retest lows at 615 (strong support, head) and 600 (psychological level)
If market bounces and we can form a right shoulder at $680 (rejection and support) we could push higher towards 785 (base)
I will...
