1day
Avalanche Inverse Head & Shoulders PatternThe price action is currently retesting the dotted measured move line for potential support. Always possible to do back below the neckline but if the measured move line holds support we might not. Either way I anticipate ths pattern reaching its full target in the near future *not financial advice*
Ugly invh&s on XRPUSD already breaking above the necklineEven though this already now has a sizable candle breaching the neckline of this inv h&s pattern, we must remember that even bigger breaks above invh&snecklines in the past have still found a way to dip back below the neckline, and this candle currently has a decent top wick goin on it as XRP often likes to pull after a pump, so we haven’t validated the breakout of this pattern just yet. However, wanted to post a new updated version of this pattern to show that if we were to validate the breakout here which is a little earlier than where. Arbitrarily placed the measured move line of the breakout on the previous version of this chart, the target would then be slightly higher taking us to around 93-94 cents. Again, no guarantee we won’t find a way to dip back below the neckline here in which case I will ahve to readjust the measured mvoe line lower again but I still out of excitement wanted to post this update considering XRP has been playing it coy the ast few days that bitcoin has been pumping. *not financial advice*
Ugly invh&s on XRPUSD already breaking above the necklineEven though this already now has a sizable candle breaching the neckline of this inv h&s pattern, we must remember that even bigger breaks above invh&snecklines in the past have still found a way to dip back below the neckline, and this candle currently has a decent top wick goin on it as XRP often likes to pull after a pump, so we haven’t validated the breakout of this pattern just yet. However, wanted to post a new updated version of this pattern to show that if we were to validate the breakout here which is a little earlier than where. Arbitrarily placed the measured move line of the breakout on the previous version of this chart, the target would then be slightly higher taking us to around 93-94 cents. Again, no guarantee we won’t find a way to dip back below the neckline here in which case I will ahve to readjust the measured mvoe line lower again but I still out of excitement wanted to post this update considering XRP has been playing it coy the ast few days that bitcoin has been pumping. *not financial advice*
Aptos forms a new invh&s while reaching the target of its last 1Previous inverse head and shoulders target on APTUSD has just been hit. Upon reaching that breakout target, it formed another invh&s neckline and also broke generously above it as well in the journey. I will add a link to the previous invh&s chart below. *not financial advice*
Extremely ugly invh&s currently in play on XRPUSDI have placed the measured move/breakout target line rather arbitrarily here. It wouldn’t surprise me if price action had a pullback or correction to reset some of the indicators before actually breaking above the neckline in which case the measured move breakout line(dotted line) would most likely need to be readjusted lower than where I’ve arbitrarily placed it here iin the process lowering the breakout target as well. Always a possibility that it doesn’t correct in between now and reaching the target though in which case we are looking at a target somewhere around 89-93 cents. I know many who only consider bukowski’s textbook version of an inverse head and shoulders to be one will have their skepticism about such an ugly looking example of an inverse head and shoulders, but n my experience it is the ugliest and most asymmetrical examples of inverse head and shoulders patterns that seem to have the highest percentage of being validated and reaching their full breakout targets. *not financial advce*
ETHUSD price action poking above descending channelFirst breach of the top trendline of the descending channel here by the price action. We all know that price will often times dip back into a chart pattern after the ntial break above it so as of now we can’t yet say this validates the breakout of this pattern. Even though it’s more common patterns dont official validate their breakouts until the 2nd 3rd or 4th breach of a toot rendline, there are plenty of examples of patterns that have confirmed their breakout on the 1st breach of the top trendline as well so it’s wise to be prepared for either possbliity. Think a good indicator of it confirming the breakout will be once the 200ma gets flipped to sold support. The 200ma is current wick resistance. *not financial advice*
Potential invh&s on filecoin daily chartNot guarantee this plays out and usually nor wise to chase an inv h&s trade until the right should completes on the neckline, but considering the crypto market appears to be resuming its uptrend soon it does greatly increase the probabilities of this playing out so it’s worth keeping an eye on imo. *not financial advice*
Quant price action currently above inverse h&s necklinePrice action is currently above the inverse head and shoulder neckline and has closed a couple candles above it on the daily timeframe. Often times price action will dip back below the neckline after this initial break above it so that is certainly possible here, however if it does validate the breakout without first dipping back below the neckline again here, I have placed the emasured move target price at the top of this dotted pink line. *not financial advice*
Potential inverse h&s on TRBUSD to keep an eye onThe right shoulder hasn’t completed yet so there’s always a chance this doesn’t play out. Especially if any unforeseen black swans are looming in the near future. However, considering Q4 should likely be bullish at this phase of the market cycle, there’s also a good probability of this pattern playing out so I’m posting a chart of it here so I can easily keep tabs on it later. *not financial advice*
3 Bull Patterns on BTC about to trigger a bullish domino effectPriceaction is now for the second time solidly back above the bull flag we had been consolidating inside for the past few months ever since hitting the newest ath. It has also gone up to complete the left shoulder of an inverse head and shoulders pattern that is also overlapping the bull flag. We have yet to take price action above that neckline but by the prices current bullish behavior and how its not being rejected that heavily I would expect that we can at least send a wick above the. Teal neckline of the invh&s pattern wishing the next few daily candles if not the current one. Often times price action will go above the neckline of an invh&S pattern and then back below it multiple times before the real breakout gets triggered however in this situation, if price can maintain support above the top trendline of the green bullflag it will likely breakout of the inv h&s with way less back and forth above and below the neckline. The bullflag breakout will bring the momentum necessary to also trigger the invh&s breakout and as priceaction heads to both measured move price targets it will also surpass the purple line and flip it to support s well which is the rimline of a massive cup and handle pattern. This all culminates into one big bullish domino effect and that confluence helps greatly increase the probability of all of thee patterns confirming their breakouts. Not to mention another big invh&s pattern we confirmed the break out from many months ago had a target of 82k and we still haven’t quite reached that yet and in doing so, we also would trigger all 3 of these patterns so it may actually be the most appropriate 1st domino of this domino effect(will link that chart pattern idea below). However these 3 dominoes are clustered all very nicely together so it should lead to a pretty explosive move upwards. The inv h&S’s target is around 86k the bullflag’s target around 101k and the cup and handle target is 133k respectively. One last thing to mention though is that I am basing the bullflag’s price target of 101 k off of the size of the flag pole we see here on the daily(as well as the weekly) chart. Once you flip the timeframe to the monthly chart, you actually can see the pole of the bullflag on that time frame is much bigger and brings the bullflag target up all the way to 117k. *not financial advice*