Bullish Bias Building - Inverted Head & Shoulders w/ descending volume profile - 4h Kumo Breakout Soon - 4h TK Cross above Cloud Soon - RSI = iHS - OBV = iHS - MACD w/ancient Chinese secret settings = flipping bull soon TP = 13.5k-14k SL = below R shoulder, below Cloud
Three day EMA crosses in 2015 indicated the 330+ day accumulation zone prior to the bull run. More on the $BLX index here bravenewcoin.com
Cloud + Chart Pattern showing target of ~$892 here h/t twitter.com
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As the nine month range gets tighter, price is positioned for a move soon. Prepare a trading plan before the move happens. <6000? --> likely quick path ~4k >7200? --> likely quick path to previous local highs, 8.4k, 10k, 11.4k
C-Clamp suggests oversold conditions on 4h TF, can be thought of similarly to any divergence Potential falling wedge mess w/descending vol profile and RSI bull divergence SL < 6150 TP = Kijun > 6777.77
High TF bearish consolidation suggestive of bearish continuation. This target would also break the longstanding descending triangle. Stop entry <6140 SL = 6400 TP = 5000-5350 Previous resistance turned support from Sept and Oct of last year also at these TP levels.
long entry will trigger with price breaches PF, not before ML (yellow) is high probability target so long as price remains in PF based on duration of price in trend channel, PF support/resistance diags should be considered significant
classic iH&S long entry after formation of shoulder (if shoulder forms) and breach of horizontal watching for now
New PF to going into 2019? more here: www.youtube.com
Before I trigger the purists, yes, I know this isn't an ideal price structure for a C&H Difficult to measure considering shape Support Levels are strong but target = 0.05
Bullish Reversal Pattern Neckline resistance questionablly diagonal Volume profile essentially descending barring the head Target based on; measured move, fib extensions, previous horizontal resistance Throwback to diagonal zone of resistance turned support is possible after neckline break Note: previous H&S broke SL at Right Shoulder and completed anyway....
H&S forming on descending volume short entry on horizontal break expect throwback and denial at horizontal IF horizontal support breaks SL above R shoulder IF horizontal support breaks 1.618 fib and measured move shown - likely support somewhere in that zone Breaking 10k and holding there would be tough imo