we expect distribution expected for tow reasons first strong resistance area second head & shoulders pattern third heavy volume for sellers will push price to retest the support levels to become stronger to crossing the level as shown on the chart
Looking at the daily chart, we can see that ETH remains above the 200EMA unlike BTC which has been under its 200EMa on daily for over 52 days now. There is a clear right shoulder possibly in the making now to complete an inverse head and shoulders pattern with a technical target of around 3K RSI support is shown as a dashed green line and would be important to...
$AOS inverse head & shoulders continuation pattern right underneath ATHs. The green dotted line on the chart is the ATHs from back in 2018. #TAPLOTWL Smith A O Corp (AOS)- MANUFACTURES WATER HEATING EQUIPMENT FOR VARIOUS RESIDENTIAL AND COMMERCIAL MARKETS WORLDWIDE.
the price action has yet to support the inverse pattern as the trend is down. The triangle compression continues. Would need a break and back test of both necklines to provide confirmation for a move up.
Looks like BTC/USD is finally about to breakout from the falling wedge it has been forming since the big dump to 30k. It has also been forming an inverse head and shoulders the past couple of days and is really close to breaking out. This would be a great area to enter a long position on BTC, maybe wait for a retest after the breakout with high volume and then...
ASHOKA looks like a strong long candidate as it is having an inverted head and shoulder on weekly charts. - Strong volumes from last few weeks - RSI looks bullish > 60 One can go long here CMP - 114.9 Dips to be added as well till 90-100 Keep Strict SL 78 WCB and Target 142/170/195++
Retest the supply zone (neckline). Looking breakout higher, major downtrend breakout, possible a pullback before really breakout going high. This is head and shoulder pattern strategy, this is reversal trend signal.
outperformer entered the trade yesterday 3X triple is currently 1.08 entry price 0.74
BINANCE:BNBUSDT If you look closely at the pattern on the head and shoulders, you will see that the price is up It has reached the neckline and even penetrated But did not complete the price on the pullback neckline You can consider the neckline as a resistance Take that the price can go well after that failure Be
after the first head and shoulder that pushed BTC to 30k no we have an unconfirmed bigger head and shoulders breaking the neckline can push the price lower than 20K
1. Palantir is nearing a strong support zone (21.00-22.50) that it recently reclaimed. The support zone was reclaimed quickly after breaking, solidifying the strength at and beneath 21.00. Price just bounced at the top of the zone, yet I believe it will fall through to test the bottom of the support zone and consolidate within the zone briefly, reaffirming...
Yellow rectangle would be around where we'd hit $18k, It's based on a trend I drew within the weekly auto log chart for the bitstamp btcusd pair. It's a trend that has acted as support and resistance in the past for Bitcoin. I was looking at what I could do with this trend, and decided to meassure the amount of time it took between each touch on the trend, and I...
we might be expected a large bullish overall movement to the upside
A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A “neckline” is drawn by connecting the lowest points of the two troughs. The head is the second peak and is the highest point in the pattern. The two shoulders also form peaks but do not...
$ETH Possible invert head and shoulder. And a retest of falling wedhe could head $ETH to 2800-3000$ Dont want to loose 2000$ I will add some $ETH of we claim 2160$ as support
Nice reversal here. I like the ending volume. It's not really bouncing off of clear support. Upwards neckline of inverse H&S near white line.
BINANCE:BNBUSDT We now see in the chart a pattern of head and shoulders Came into being and to go forward according to model theory First we have to wait for the neckline to break upwards And to get confirmation, I can suggest midline failure But you can also enter after a neck fracture
Looks like a nice reversal after a higher high. Retracement is about 50% of previous move. If it continues up, They'll be an inverse Head and Shoulders with a upward slopping neckline around $8.21. Since the last swing high is about equal to the previous swing high, I'm out before $9. I also think that $5.50 is the bottom so I sold a PUT at $5.00 Aug 20 for...