Note : key resistance breakout --> wait for prices to bounce off key support (resistance become support) --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
On the weekly I discovered XRP creating an Inverted H&S with a long term trendline helping the right shoulder bounce to the neckline. If this works out then we can all take a deep breath, because this probably means xrp will be turned on to its long awaited meteoric bull run.
After exhausting looks at near term analysis I decided to look at the BIG picture, and I found what seems to be undeniable to me. Keep in mind that the MAs don't lie, and the higher the time frame, the longer the impact of the crossing. So, when the MA50 crosses the MA100 (probably tomorrow) we can expect at least a short term (a few months at least) bull market...
Note : as I mentioned earlier that CADJPY has the potential to form inverted H&S patterns, and that seems to have happened now --> buy at market around 81.750 - 81.850 (you can set SL & TP based on RR ratio above 1:2) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting...
Good morning traders, let´s zoom into the Daily for today and have a look at our actual odds & outs here and some possible moves. Fact 1: We have been in this downtrend-channel for an extended period of time, and a turn becomes more likely on every swing. Fact 2: We have a strong support keylevel (blue), if we fall through this, good night. ( OR -> FACT...
Note : falling wedge pattern --> breakout --> wait for the price to bounce off the trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
Note : wait for the inverted H&S pattern to form --> wait for rejection candle to entry e.g. bullish engulfing, pinbar,. etc **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take...
Ethereum seems to be trading in two inverted head & shoulders, one big & small, notice where I've placed the red heads on the chart representing the heads of the pattern, and the Green line is representative of the neckline. Key Takeaways An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and...
Idea : i think of a scenario that can occur if prices reverse are supported by falling wedge reversal and potential inverted H&S patterns formation **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you...
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the...
Note : complete inverted H&S pattern is a pretty good sign that bitcoin will continue its upward movement --> buy on dip **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the...
After what seemed like a gud sell opportunity yesterday when price reached the area around 1.7120-450, price kind of fooled us all and broke above it. Now it is doing what is looking like a retest of that zone. Could we assume that price wants to continue up and probably towards 1.72490?
Or maybe a bull flag, which would just confirm the inverse H&S. But there is also merit for a descending triangle on a smaller time frame, and considering we are in a downtrend it wouldn't be surprising to see it continue... Time will tell per usual.
Potential H&S on GBPJPY. A good buy would be 139.760-139.790 region the left shoulder would be confirmed then a big push up to around 141.540.
Looking pretty bullish if $85 is broken. Comment opinions.
A nice inverted H&S pattern at a daily support level (channel) Waiting for a break and possible retest of the kneckline and will be looking for opportunities to go long. Will see how it plays out
BAT is currently forming right shoulder of inverted H&S pattern. Potential entry point is 3341 sats (break of the neck line). With two potential target profits: 1. 4194 sats 2. 5113 sats Do not forget about stop-losses. It's not a financial advice. Trade carefully and good luck!