A bearish trend could be expected after this SHS pattern in 1W. Support at 21.5x has already been broken. A pullback may happen in next weeks to that level as a resistance or keep going down to 20.0X support directly. This will be a very strong support which I don't think the tick is breaking. Few weeks remaining for confirmation.
Short option on EURMXN 4H after shoulder head shoulder figure with pullback to neckline.
We almost reached our IH&S Target of 1900 Sats Today. Target was reached way earlier then i expected. Which means there is more room for growth before ADA summit on 17th-18th april. If we Break 1900 sats in few days and close above it then we may go towards 2400. If BTC helps Ada may also reach 3k Sats very soon. Positive Signal: 50 EMA Crossing 200 EMA on...
BTC likes those head and shoulder patterns. Because traders like this pattern, especially the inverted head and shoulder type. However, we should remember how often this pattern has failed in the past months. So many times, there was an inverted H&S structure in the making, and many times, it failed. It looked as if it would burst through the neckline, just to...
ADABTC Make Inverse Head And Shoulder Pattern In 4 Hour Chart In Binance Exchange Ada Look Bullish
Confirmed break below neckline sets up a nice move down to target area indicated
Inverse head and shoulder on daily
This could catapult BTC back into the 5000s, for a time at least. Then we'll see some sideways creeping, and a longer flat, stable period of weeks, until BTC will make the final dump, sometime in March-April, the low still remains at 2000 plusminus a few hundred imho. I could of course be wrong, but that is the general feeling I have. Weekly timeframe also...
we can see XRP finally broke the resistance of the horizontal pink line. XRPLedger payments volume is really starting to boom as well on the xrpcharts on ripples website. Onward and upward we should hit the inv h&s breakout target within the next 1-3 1day candles is my estimation. Also greatly widening the gap and dominance over Ethereum and making big gains on...
I assume the hype about zrx soon coming to coinbase is the big culprit for why zrx has seen such a massive spike in bull volume that has brought it well above the neckline of its inverted head and shoulder pattern. However to trigger the breakout I think we will need the current 1 day candle to also close above the neckline...if so you can likely expect the price...
This don't need explanation every things is visible clearly, it can breakout upward but usually a normal H&S must break down. Let see which way it will choose.
Keeping this idea neutral now because although both patterns are in play I don't have that high of confidence either will actually get triggered...the main one I'm gonna show first is this Cup & handle pattern that is forming on the 1 hr chart. We can see that the 1hr 50ma and 200ma are very close to completing a golden cross here and that the 200ma on the 1hr...
If the fibs 0.168 level do not hold it target is 0.00001165.
Beautiful Head and shoulders trade on it's way. If the retracement comes to the previous resistance (and now support level) a very nice opppertunity might occur. RSI perfect to start with so, we'll just wait for a entry signal in the 0.7230 region. Happy trading this monday! x Trading Mom
Price has completed a head and shoulder pattern and is currently retesting break line. Looking for a signal to buy to 1.173. For further confirmation, wait until price breaks daily resistance line and then place order.
Looks like the Head and shoulders is forming quite nicely, and target around 7.7k to the last support, we will still have to wait for the follow through with volume. might be in for some bear flags after that.
Is this a Reverse SHS? If it is then great, but following it there is a possibility for SHS. All these means to me, first it is going to go up until $8500 to $9500 But if it decide to do better, it might even go towards $11k But less likely! Following that it should come down and area where it is going to stay steady for the summer. Good luck. These are my plain...