We have an ascending triangle (Bright green line)
We are in an uptrend
We had our retracement at Fib 61.80% (Cyan line-lowest level on D1 tf) and are continuing our way upwards
Uptrend (Again retracement at Fib 50%)
Inverted H&S which we broke through
Price has been consolidating for a while
BUT waiting for the bounce at the 111.711 price level...
AION/BTC seems to be in the process of printing an inverted Head & Shoulders. A potential move up is confirmed by rising price strength (RSI) and increasing volume (OBV), both diverging from actual price. ROI could easily be 100% from current support level. Buying a breakout of the neckline could yield a 40% return.
This information is not trading advice, but...
Hello traders! Today we will talk about USDJPY!
After a big three-wave A-B-C corrective decline in March, USDJPY made a nice five-wave recovery that can be a signal of a completed correction within ongoin uptrend, especially after that possible inverted H&S pattern and intraday W-X-Y corrective pullback. So, if continues higher back above 111.60 region, then we...
In a previous analysis (Jan 19), I had already identified this possible complex Inverted Head & Shoulders !
It is composed of a double head and an inner small inverted H & S in the right shoulder
as explained on the link that I had already given in comment of my previous idea.
Above all, everything seems to fit inside an isosceles triangle!
This pattern is...
We are in an impulsive move after the retracement of an uptrend
We have an inverted H&S at a psychological level (112.00)
which is also a strong Sup/Rez zone
We can clearly see a couple of Shooting stars/Hanging man candlesticks
which mean that price is retesting the zone but never closing above it
So my view is that price will go down till Fib...
1.Inverted Head and Shoulders forming. waiting for neckline to be broken. 4HR
2. There was divergence indicating that the price was going up. 1HR
3. Has hit major support on D chart and should be rising up to trend resistance.
I have a alarm halfway to my entry to let me know price is almost at my entry and then will place my buy stop order.
We can see here on the 1 day ADABTC chart that the price action is responding quite bullishly to the recent 1 day golden cross. Also we can see a picture perfect inverted head and shoulder pattern here which cardano has just now broken above the neckline with good bullish volume to match it. There is still a slight chance at a fakeout here but we should know by...
I had anticipated the breakout point being right where this dotted green trendline converges with the neckline of the inverted head and shoulders pattern over a week ago so it's cool to see it finally playing out exactly how I anticipated....of course this could be yet another fakeout...we need to see the price reach at least 34 cents first to be comfortable that...
INVERTED HEAD AND SHOULDERS, LOOKS BULLISH TO ME, CARDANO ALREADY HAS AMAZING FUNDAMENTALS AND HAS COME DOWN OFF THE 2017 BULL MARKET ENOUGH TO WHERE ITS ALMOST AT ICO PRICE
TAKE ADVANTAGE OF THIS OPPORTUNITY WHILE YOU CAN!
Possibly an inverted head and shoulders formed for the reversal from the downward trend of xrp, leading to the breakout of the longterm downwards resistance trendline and head heading to the nearest heavy resistance of around the 0.35 mark.
price potentially create butterfly pattern.
inverted head and shoulders will bring price to going up. wait for correction before you take buy entry.
final target on butterfly pattern will also retesting horizontal structure
Possible setup with an inverted Head and Shoulders. I normally would like to wait until a retest of the neckline breakout but I've entered this one a bit early with so much support from the 200 SMA on the daily as well ass channel support. Also Oil trading into resistance after a significant runup. I also believe the fundamentals in the Canadian economy will start...