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Invertedheadandshoulders

XRP/USD - Short Term Price PredictionHello all, XRP/USD appears to have broken out of an Inverted Head & Shoulder pattern. Short term target is 0.54. This is just a near term target and I am expecting XRP to rally much higher. I will be looking for a series of bullish patterns and waves to be forming in the coming weeks to provide added confluence. Do follow for further updates. Feel free to leave a comment on where you think the price will go. Thanks for looking, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
BITSTAMP:XRPUSDLong
by BeyondEdge
7
Ascending Triangle breakout for TRIL?It appears as though TRIL is breaking the horizontal resistance of the ascending triangle, only modestly at the time being. The two green lines are the shoulders of an Inverted Head & Shoulders, and the blue head is obviously the head of the pattern. On the RSI there's a bullish flag or descending triangle forming, I guess we will see if there's enough momentum to break through the downward sloping resistance, and possibly back test turning into support like I have drawn hypothetically in green. A bearish cross already happened on the KST, it looks like a bullish cross is on the horizon. Clearly a divergence between the price rising and the RSI moving moderately sideways.
NASDAQ:TRILLong
by ScotianBot
EURGBP bounce over a weekly resistance🦐EURGBP after breaking below the descending channel found support exactly over a weekly support. The price bounce and created an inverted head and shoulder. IF the price will break above the neckline we will set a nice long order according to Plancton's strategy- ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
2
Potential Ascending Triangle on the S&P 500Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern. Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support. EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern. Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
OANDA:SPX500USDLong
by ZenMode
Bulls Losing Strength Mid-Day on SPYThe bulls failed to capture 338 which had become an important intraday level for them. After rejecting for the 3rd time, that's all the bears needed to hop in. Since then the bears have maintained their control but they have work to do if they want to take us negative for the day. Price action will likely remain volatile through close but I don't expect the bears to have enough in them to take us negative before close. Right now the market is looking like its favoring a Trump win. I am completely unbiased and my assumptions are purely based on price action of the market, commodities, and currency. So far it's been Solar having the hardest time trying to understand what it wants to do. AMEX:SPY
AMEX:SPY
by jakelikesstocks
1
Bulls Are Showing Up on Election DayToday we've seen an impressive case for the bulls on that last day of the Election. This has been a great performance from the bulls as they continued to push price higher and higher with little resistance from the bears until we hit 338, about an hour into market open. Bears gained a little control as bulls rested and look to be preparing another rally, trying to break through the 338 resistance. I'll update this chart throughout the day as we head into one of the most important elections in our history. AMEX:SPY
AMEX:SPY
by jakelikesstocks
3
Dollar Inverted Head and Shoulders into Possible Cup & HandleHere we have several bull patterns on the dollar futures. First we established and broke out of a bull pennant, Then we moved onto another bullish pattern, inverted head and shoulders, and now we've developed a cup. Is this a handle that formed on the cup? Whichever way you look at it, this is very bullish price action on the dollar. What I'm looking for is the price to break through resistance and into the blue channel while flipping the resistance into support and ultimately capturing the top of the blue channel. ICEUS:DXY
ICEUS:DX1!Long
by jakelikesstocks
IOTXUSDT created an inverse head and shoulder 🦐IOTXUSDT created an inverse head and shoulder on weekly support, and now the price is testing daily resistance. IF the price will break the resistance and flips into support According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
AMZN: Key Points to keep an eye on!Hello traders and investors! Let’s see how AMZN is doing, and what are its most important key points to keep in mind! First, we have the green line at $ 3,277, which was a previous support, and it worked as a resistance today, thanks to the Principle of Polarity in Technical Analysis. Also, it has a strong support at the black line, around $ 3,125. If we see a breakout from any of these points in the short-term, we could see a stronger movement on the daily chart: Here, the most important key point is the green line at $ 3,225 , as it is the Neckline of the Inverted H&S chart pattern. Amazon is doing a pullback to this support level, and if it closes above this point, would be a sign of strength. This could lead the stock to retest the resistance in the hourly chart again, or even defeat it, and lead AMZN to $ 3,496 again. On the other hand, if AMZN closes under the neckline, it’ll retest its support levels, like the black line mentioned in the hourly chart, and the blue line at $ 3,088 in the daily chart. There are no supports below these levels other than the red line at $ 2,887. The 21 ema is flat, and it is going to release its Earnings in 3 days . I believe this will bring volatility to the stock, and usually, this means opportunity. The bull trend is weaker on the Nasdaq Index, and maybe this will affect Amazon as well. But so far, the stock is just doing a pullback, and I see the neckline at $ 3,225 as the most important point for AMZN right now. Also, if you like this analysis, please, support it ! And follow me to keep in touch with my daily analyses. Have a great Monday!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3