AND
HEAD & SHOULDERS PATTERN FOR BITCOIN!!In this chart There is a Head and Shoulders pattern that looks to be invalidated but could still find its way back down.
With volume in Meme coins
like Shiba Inu recently, it makes me think a correction is coming. However this is not to tell you to sell, it is just to tell you where you should
possibly to your holdings/positions if the opportunity arises.
Anticipating a retest of the 56k area possibly all the way down to 52k for a buy.
Either way I'm not going to be selling my current holdings.
Hope this helps with perspective.
EURAUD head and shouldersclear head and shoulder pattern on daily time frame
prices now at neck line
prices are also on trand line at the same time
waiting daily candle to close below the neck to confirm entry it should be below 1.5900
waiting daily candle to close is a must to confirm the pattern
please not going above 1.5930 this idea will be cancelled to reach the shoulders level again @ 1.6230
you can also place a buy stop at 1.5930
and sell stop at 1.5885
RAYDIUM could go nuclear!!!Raydium showin couple nice things on the Daily chart. Also on higher timeframes but i only focus on the daily in this setup.
Potential Cup and Handle (yeah it's in the room with us rn), with a higher low doulbe/triple bottom at a .786 retrace, class C bullish divergence on the MACD Histogramm, RSI and Stochastic at very favorable levels and the day will most likely close with a bullish engulfing candle.
For a trade the stop loss is placed below the previous low even tho the 200sma and major support levels are right below it, but this setup only works with a local higher low.
lets see :)
#TRU/USDT 📗 TLT (Trendline Touch) + S/R Break Confirmation 📈#TRU/USDT 📗 TLT (Trendline Touch) + S/R Break Confirmation 📈
4H Technical Analysis
⚪️ RSI: 56.20
⚪️ Stoch: 72.78
⚪️ MFI: 53.03
⚪️ CCI: 11.93
⚪️ WR%: -51.72
10 25 50 100 200
EMA: ❇️ ❇️ ❇️ ❇️ ❇️
SMA: ❇️ ❇️ ❇️ ❇️ ❇️
⚪️ ADX: 45.17
❇️ ADX Signal: +DI > -DI (Bullish)
❇️ MACD Bullish Crossover ON
❇️ Parabolic SAR: Bullish
bitcoin inverted cup with handle and head and shoulder scenario 1st: bitcoin inverted cup with handle
if holds the white line, high probability will form:
2nd: head and shoulder scenario if and when the white line of support holds and causes a 'right shoulder' from short covering.
stay tune to this 3 month play.
follow for more ideas and updates for invalidations and more