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Head_and_shoulder

Altcoin Apocalypse: Is This the End of the Crypto Revolution?Unfortunately, Altmarket cap isn't looking promising at the moment as we have just broken out of the head and shoulders neckline. This is a bearish signal for the market. What can we expect next? Based on the current price action, it is likely that we will retest the neckline as a resistance level. If the price fails to break above this level, it could confirm the validity of the breakout and lead to a further decline. In such a scenario, we might see the market cap dropping all the way back to the 501B level, which is a significant setback for the altcoin market. It is crucial to monitor the 500B level closely. This level acts as a key support, and if it is breached, it could trigger a more pronounced downtrend, pushing the market into what some traders refer to as an "oblivion black hole." To help you navigate these uncertain market conditions, I will provide periodic updates to keep you informed and minimize potential losses. Remember to trade cautiously and make informed decisions based on market analysis.
CRYPTOCAP:TOTAL2Short
by CryptoSlazy
SPX: A Dangerous Signal Appears.• The SPX failed in breaking the resistance at 4,148, which is the neckline of an IH&S chart pattern; • If it loses the 21 ema, it might frustrate this pattern, and in this case, we would seek lower levels on the daily chart: • The index could hit its 21 ema next, if it keeps losing momentum on the 1h chart, while the main support is at 4,048; • The 4,048 is another neckline of a possible H&S chart pattern on the daily chart, and only if the index loses this key point it is going to really turn bearish. For now, pullbacks are plausible, especially if it does a top signal under the 4,148 on the 1h chart. Let’s keep our eyes open. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
How reliable is head and shoulders pattern, Nifty50 1DThe head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them. Publishing chart what caught by my naked eyes...! Rest all on you... Regards
NSE:NIFTYShort
by imkhushal
3
$AQUA with the trifecta: price, volume & relative strengthThe price has formed a head and shoulders pattern and now I'm waiting for the follow through above $50. The OBV and the RS ratio vs the S&P 500 are near new highs confirming the strength in price action. Still, I'll wait for the breakout to buy with a price target at HKEX:62 for a +25% profit. You can see that I was stopped out on MARCH 2022, can you imagine if I hadn't use a stop loss? More than a year with dead money. I good to see other leaders within the industry like NASDAQ:TAYD , NYSE:SXI , NYSE:GHM & NASDAQ:SYM are also trending higher, this gives support to $NYSE:AQUA. This is a market of stocks, not a stock market!
ALong
by dpuleo19
EURJPY Short Position The EURJPY pair has recently broken a significant resistance level and is currently retracing back to it, which could signal a potential trend reversal. A head and shoulders pattern has formed on the chart. The neckline of the pattern (146.400) is a key level to watch, as a break below it would confirm the pattern and potentially trigger further selling pressure. The MACD and RSI indicators are also showing signs of bearish divergence, which supports the idea of a potential short trade. The target for this trade is 145.200 the previously broken resistance level, which could act as a support level and potentially provide a bounce for the price. A break above the right shoulder will invalidate the bearish bias. It is important to note that all trading decisions should be made in accordance with one's own risk management strategy and analysis of the overall market conditions.
Short
by DennisDims
GBPUSD Bearish Outlook?Last week, the GBPUSD pair consolidated, ranging between 1.23757 and 1.23532, with no significant changes to shift our bias. Technical analysis indicates a bearish outlook for the upcoming week, as the cable struggles to maintain its bullish momentum. The 20-day EMA acts as support for now, but its strength remains questionable. On the 4-hour and 1-hour timeframes, the GBPUSD shows potential bearish signs. The MACD is below the zero line, and divergence from last week's analysis is still valid. The pair may break support and trade bearish unless critical resistance levels on the daily and 1-hour timeframes hold. Fundamental factors also play a role in the GBPUSD forecast. While there is no significant GBP news, several high-impact USD events may cause volatility. Key events include CB Consumer Confidence, New Home Sales, Core Durable Goods Orders, Advance GDP, Unemployment Claims, and Core PCE Price Index. In conclusion, the GBPUSD forecast for the coming week is bearish, with technical and fundamental factors contributing to potential downward movement. Traders should monitor key events and employ proper risk management while navigating the forex market. Please hit the boost and follow for updates in the coming week. Thanks for doing just that!
by ClintOnos