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SHIBA INU BULLISH??Hey guys what's good! So here I have my technical analysis on the crypto currency SHIBA INU . As you can see on the 4H chart it is clearly forming a bullish pennant/flag. For those of you unfamiliar with this pattern, it essentially is in a period of consolidation which rises higher and higher and will eventually break and rally upwards. It is squeezing more and more and I can see the breakout happening soon possibly next week. This would be a great buying opportunity to new investors as well as current ones to buy more tokens. My price prediction realistically can be anywhere from .000045 - .000075 after this rally. This is my personal view on the technical side, Diamond Paws baby XD COINBASE:SHIBUSD The RSI indicator is also a factor in which I believe It is going to rise it is clearly below the 30 level. This paired with the overall analysis points toward a breakout of the bullish pennant.
FTX:SHIBUSDLong
by MedinaINC
1
Head & Shoulders pattern: Full Confirmation #EURUSD The Head and Shoulders pattern is one of the oldest recognised market structures. Representing a fully formed fractal when completed, the H&S confirms a short term reversal in trend. Setting the levels 50%,100% and 200% on the Fib tool, I have devised a simple system of confirmation/action to take advantage (profit) from the completion of the Pattern. 1st confirmation occurs when price first breaks below a previous low. This establishes the Neckline (100%) a horizontal line drawn from the valley (armpit) of the left shoulder. 2nd confirmation occurs when price retraces back above 50%, forming the right shoulder. Agressive traders enter short above 50% with a stop loss at 0%, this entry statistically is higher risk but also higher reward. Final confirmation occurs once the right shoulder has formed, price continues down with a candle closing below the neckline (100%). Conservative traders set a Sell limit at the neckline (100%) with a stop loss at 50% immediately after the candle close. Both aggressive and Conservative traders close at least half of their position when price breaks below 200% Although I consider the H&S Structure completed once 200% is reached, the levels outlined in my system continue to effect price for days/weeks and even months later.
Short
by Cryptsyxalt
2
Head & Shoulders pattern: 1st Confirmation #EURUSDThe Head and Shoulders pattern is one of the oldest recognised market structures. Representing a fully formed fractal when completed, the H&S confirms a short term reversal in trend. Setting the levels 50%,100% and 200% on the Fib tool, I have devised a simple system of confirmation/action to take advantage (profit) from the completion of the Pattern. 1st confirmation occurs when price first breaks below a previous low. This establishes the Neckline (100%) a horizontal line drawn from the valley (armpit) of the left shoulder. 2nd confirmation occurs when price retraces back above 50%, forming the right shoulder. Agressive traders enter short above 50% with a stop loss at 0%, this entry statistically is higher risk but also higher reward. Final confirmation occurs once the right shoulder has formed, price continues down with a candle closing below the neckline (100%). Conservative traders set a Sell limit at the neckline (100%) with a stop loss at 50% immediately after the candle close. Both aggressive and Conservative traders close at least half of their position when price breaks below 200% Although I consider the H&S Structure completed once 200% is reached, the levels outlined in my system continue to effect price for days/weeks and even months later.
by Cryptsyxalt
3
Grab the moon with your Diamond Hands HODL Hello, This is not financial advice* In this analysis you will see we are still in a bullish pennant or I'd like to look at it as a paper airplane heading to the moon. The support levels just aren't as strong as the levels of resistance. However I believe price is heavily manipulated and am LONG on AMC 2 the MOON. WHY? because the shorts haven't covered the SI % actually went up 5% today. I just like the stock man :) Something about it makes me just love it! # APESSTRONG TOGETHER # DIAMOND HANDS / BALLS W.E / # 2 DA MOON. ^_^ At the end of the Day, Price is psychological nothing about the stock market is FUNDAMENTAL. ITS A GAME the HEDGIES attacked GAMERS and are getting PLAYED ^_^ PLAY ON MY FELLOW APES ! :) CYA ON DA MOON
NYSE:AMCLong
by sayyablawl
2
Diamond Hand Buy LevelsOne way to look at candles is that they represent the buying and selling habits of all market participants. The buying habits in the zig zag patterns look like bullish and bearish versions of the same pattern. Maybe it's the same buyer who, at a loss, is unloading the same position. Who knows... The first time this happened (circle 1) price made a new high but drifted back down because the trend is bearish . If the current pattern resolves in a similar way, price could make a new low, right at the current confirmed support level . If price continues the bearish trend , we could make it down to the green line. The red line is also very possible some time after. This could be the end of the bear market in crypto and the beginning of a long and violent sideways market until the next halving cycle starts. This can be tough for traders, and a lousy game of emotional warfare for the HODLers. The previous bear markets have always bottomed out at a price level which is above the previous all-time-high breakout point (red line). We may or may not get there, and it makes the green line very attractive to scale into a long position. OR Something else happens entirely. Many people buy crypto at arbitrary price points, or worse, shortly before the end of the bull phase. Then they claim to have diamond hands and HODL forever. The most successful HODLers will be getting in at these low low prices. Count me in.
BITSTAMP:BTCUSD
by The_Arena_Trader
3