Ever since FTM topped early February, we've largely been trading bearish. However, with FTM finding support around the $0.40, it seems that this token is printing an inverse head & shoulders pattern, which is classically a bullish reversal pattern.
High-risk traders might want to enter the trade already and look for further upside. I will wait for the...
This technical analysis will examine Apple Inc. (AAPL) stock, focusing on the inverted head and shoulders pattern identified several days ago. I'll discuss the stock's recent performance, the breakout from resistance around $156, and potential future scenarios based on current market conditions.
Inverted Head and Shoulders Pattern
The inverted head and...
After an initial massive bull move, XRP's price action has dies down a little, until it shot up again this morning.
That break out is exactly what the bulls want to see; bullish continuation after a time of consolidation.
However, BTC's chart does not look great at all at the moment. So, I'm going to wait until XRP can break out of the yellow box on the topside...
Similar like NZDUSD, we can also expect a bearish development on NZDCHF.
As usual, after an impulse phase, price formed a continuation correction to correct the impulse.
From the correction, there is a confirm impulse push down the price. This is good confirmation of bearish trend.
Now price has form another smaller correction,
watch for price to break out...
Hello traders:
Here on NZDUSD, we can see price is currently consolidating in a possible bearish correction structure.
After the initial bearish impulse move, the price fails to break the previous swing highs, and begin to form the current correction.
This is usually a good sign that the bearish momentum is still strong and more continuation is very...
BTC has been trading inside a triangle pattern over the last couple of days, making it fairly unclear where the price will go in the short-term.
In these cases, it's generally better to wait for the market to tell you where it wants to go. I'm going to wait for BTC to break out of the triangle.
Bottom two blue targets are the bearish targets, top two blue...
Hello Traders!
Welcome back to another trade with analyst Aadil1000x.
Previously I was expecting an instant drop but it was invalidated immediately after a forced push. These type of moves occurs when the market wants to change its structure.
The Next move is still bearish as it is going to break the trendline which is at the bottom but later we will see a...
I believe we are seeing a possible double top bearish pattern forming here. From head to bottom would give us a price of $25,303 shown on red dotted line plus intersecting with the two hour 200 moving average (white dotted line). Also, we have some serious pressure on the fib channel where Bitcoin is not trespassing.
ETH has been correcting for 8 days now..forming what is to me an obvious sideways correction
This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts.
A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while.
With the next FOMC being 6 weeks away...I think we see...
The AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price...
🔆NEO network governance token and valid
1️⃣The possibility of forming a butterfly harmonic pattern in this symbol
2️⃣The combination of Fractal, Alligators and Awesome indicators have issued a buy signal in this symbol in weekly time.
3️⃣ Condensation of valid Fibonacci levels of XA return, projection of AB from C and BC expansion at point D in pattern.
4️⃣...
From previous outlook and forecast, we can see price has indeed pushed lower impulsively on the mid time frame.
Now we can see price has already break previous lows, and start to consolidate again. This is good sign for more downside from the price, as long as a continuation correction is formed here.
This week, wait for the correction to complete, to confirm...
Recently I've been talking a lot about Bitcoin and my expectation it's following some kind of Elliot Wave pattern since January. In my most recent analysis I said that I expected the 4th wave to bottom between $26,5k - $25k. BTC bottomed around $26,6k, close enough!
In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the...
$BTC - Are you ready?
BTC is breaking out! Let's see if we stay elevated at these levels we could be going back towards 30k areas!
However, 20k & 25k are key resistance area. Pattern wise we are bullish as long as we are above 18.5k
Enjoy,
Trade Journal
USDJPY has been pushing down since it hits the previous highs to form a double top.
With a ascending channel correction, price indeed reversed down impulsively, and form continuation correction along the way.
Bow that we have push down more, and another consolidation has formed, usually give us a indication of more downside opportunity.
Wait for current...
Nifty is loooking good for tomorrow and nifty formed inverted
head and shoulders pattern in 15min if price breaks that trend line
there is a probability that price goes up
Have a profitable day
Thank you
