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Head_and_shoulder

🔥 Bitcoin Bearish Head & Shoulders Pattern: Time To Watch Out?Preface: I'm still bullish on the crypto market as a whole. I still think it's likely we're going to make new highs in the near future. This is a more short-term oriented trade and will only be activated under certain conditions. In this analysis I want to shed some light on a pattern that one of my commenters recently informed me about. Although it's not the best H&S pattern ever, it's still a valid pattern in my view, especially with the recent reversal from 68.000$. I'm going to wait for BTC to pierce through the dotted yellow support and retest the 61.500 area before considering a short entry. Target placed at 51.000, but will likely take partial profits around 57k. This reversal is in line with another analysis I made a couple of weeks back. BTC has entered a major area of resistance and could see a decent correction before moving back up.
Short
by FieryTrading
111
HOOK in Coming Days!!!Hi. BINANCE:HOOKUSDT ✅Today, I want to analyze HOOK for you in a 3D time frame so that we can have a MID-term view of HOOK regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). HOOK has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $2.7 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. 🟢 Head & Shoulder Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
GMTUSDT On The Way To 1.5$ !!!Hi. BINANCE:GMTUSDT ✅Today, I want to analyze GMT for you in a Weekly time frame so that we can have a MID-term view of GMT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). GMT has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to 1.5 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. -Head & Shoulder Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
The last bullish chance of STX in Mid term!Hi. BINANCE:STXUSDT 😊Today, I want to analyze STX for you in a 3D time frame so that we can have a Mid-term view of STX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). STXUSDT produced an inverse Head & Shoulders on 3D and is about to break out the neckline of the one💡 ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - HEAD and SHOULDER - AB=CD Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
#OIL Price at profit taking placeHello everyone, I'm thrilled to share my 101st analysis here, marking a significant milestone in my journey. While there were certainly some analyses that didn't pan out as expected, I believe the ones with better results outweighed them in total. I'd like to express my gratitude to those who supported the ideas, left comments, or liked the analyses. Your engagement motivates me to continue improving the quality of my work. Now, let's delve into the analysis of the Oil price, as it has reached a crucial price level where profit-taking activity may occur, potentially leading the price lower. As shown in the chart, not only has the price reached a bearish trendline that previously held it at lower levels, but we are also currently at the one-to-one price target projection of an inverted head and shoulders pattern , a level where many pattern traders would consider taking profits. It's worth to note that as soon as the price reached this area, it encountered some bearish pressure and failed to sustain its bullish momentum. At present, based on my strategy, I don't have any bearish signals or triggers. However, with a bit more patience, I believe a good opportunity may present itself soon. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_BRENT
by mohemati
1
#AUDUSD inverted Head & Shoulder patternNot only price managed to break above long term bearish daily channel but also seems like price completed a reverse head & shoulder pattern by breaking above the neckline as you can see in the chart. As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red. Pull back to the broken neckline would be most favorable setup to go long in this pair. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
1
#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern. This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future. If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher. However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
EGLD Road Map🗺️!!! situation+next targets.Hi. COINEX:EGLDUSDT ✅Today, I want to analyze EGLD for you in a Weekly time frame so that we can have a MID-term view of EGLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). EGLD has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $195 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
🚧ALGOUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. COINEX:ALGOUSDT ✅Today, I want to analyze ALGO for you in a Weekly time frame so that we can have a MID-term view of ALGO regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ALGO has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to 0.90 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
Greenback Correcting Its Dovish OversoldWhat market participants expected: - 2023 Sept: Betting one last rate hike (a 4th in year 2023) in Nov/Dec FOMC meeting. - 2023 Dec: No rate hike in Dec FOMC meeting. Afterwards, expected the Fed to cut in March 2024 What the Fed told us: - According to the 'dot plot', majority of committee anticipate a 50-100 bps cut by the end of 2024. - Powell once said the Fed will act if inflation comes back up. USD movement: - "Hawkish" Nov/Dec rate hike expectation fell short that was interpreted as Powell's "dovish" stance. - Implied 150 bps rate cut mismatched the Fed's projection. - Speculations amplified the "mismatch" during holiday session when traders and fed officials are in the holiday. - When volume comes back after holiday, markets act to correct. Technical view: - DXY still being the triangle, i.e. support found upon its upward trendline - Short-run key level would be 103, where around a former bottom - Actual resistance should be 104 when an inverted Head and Shoulder pattern is forming.
TVC:DXYLong
by kenhungbiz
1