BTC/USD bulls have been making a comeback since forming a low of $56,478 and recently completed an inverted head and shoulders pattern (left shoulder: $59,559; head: $56,478; right shoulder: $60,165). Yesterday’s rally ventured through the pattern’s neckline, a descending line extended from the high of $67,273. What is interesting from a technical standpoint is...
I see a strong bullish trend in GBPCAD, with a large inverted head and shoulders pattern formed on the 4-hour chart. After breaking and closing below the neckline, it has now turned into a strong resistance, confirming the continuation of the bullish trend. The next target is the immediate resistance level at 1.7330.
BTC have now pierced above the (green) 50 daily SMA line, as well as above the Bollinger band, after previously getting rejected 3 times. Note: Will need the current daily candle to close above the green 50 daily SMA line for confirmation. Inverse head and shoulder pattern breakout indicates momentum reversal. FG{50/15} histogram have now turned green, and...
Hi guys! 👋🏻 🔔 Bitcoin is back up after a slide to supports at $60500 🔔 There's a possility of a continuation of an uptrend up to $70100, where CRYPTOCAP:BTC will hit the dynamic resistance and upper band of the flag. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
In this idea, I'll tackle the bullish pattern, inverse head and shoulders forming for $BINANCE:NEARUSDT. Currently, it is sitting on the neckline, and I've been monitoring this coin two days ago. I'm now lending this idea as it could have a potential for a breakout anytime soon. More details for the technical analysis for NEAR in my idea threads below. Stay tuned :)
Hi Everyone! NEAR Analyze ( NEARUSDT.P), 4-hours time frame ⏰ NEAR looks like making HnS Pattern The breakout from the HnS pattern presents a potential buy setup - if NEAR can continue pump, first target is 8.920 - and You can Buy on Breakout 7.685 - or buy on support 6.785 GoodLuck Guys! *Follow For More! *DYOR
Possible head and shoulders pattern waiting to confirm
Possible head and shoulders pattern waiting to confirm
BINANCE:TRXUSDT (6H CHART) Technical Analysis Update TRX is currently trading at $0.12346 and has formed a inverse head and shoulder pattern. Price is currently around the resistance line, if see a resistance breakout then we have potential for a good LONG Trade. I will wait till we have a confirmed breakout of the resistance and enter the long trade only after...
HS operantly forming. I opened a short position. I'm not waiting to break down the neck I think it can do it at any time. SL if a daily candle closes above the right shoulder.
there is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it. also, please do not take any...
Target 1 I expect to come quite quickly ... closely correlating to a strong bounce in #BITCOIN My overall thesis for an Equity top in April 20024 is now firmly in place.
If it falls below 2358, we have to be careful about it forming a head and shoulders, so hold a small amount of short orders temporarily, and then add orders once it is formed.
It's a scaling solution. It has a big gaming component. It's a low cap. all the ingredients necessary for the possibility of delivering outsize gains.. Let's get to the halfway point and assess the likelihood there.
I have not posted for a while, been busy trying to improve my trading entries and exit. I am back now and will be posting more regularly :). Nvidia has broken out of H&S pattern on 4 hour. Any retest to the highlighted orange area around 888-900 would be suitable for buying. Stops can be placed below the 10 DEMA or 20 DEMA. For conservative risk traders,...
Looking at MSTR today. Nice H&S formation on the hourly but we do need a weak CPI number to get into the trade. Risk on environment would be nice for a run up to 1500-1600. Depending on the price, will set by Stop Loss accordingly.
BITCOIN: Bearish – Head and Shoulders + Ascending Wedge Two classic Chartist figures were detected by the Wolf of Zurich: 1- An “ascending wedge” which would bring the price down towards $62,632. 2- A “Head and Shoulders” which would subsequently bring the price down to around $52,080. The EMA.50 and 200 also remain potential targets caution.
I have not longed SUI yet, I’m waiting for this inverse head and shoulders to hit and looking for a dip down to $1.02 or lower before we head north. This sideways inverted head and shoulders is showing is $1.70 long target after.