Head_and_shoulder
USDCHF - BEARISH SCENARIO 📉Hello Traders !
On Tuesday 2 April, The USDCHF Reached The Resistance Level (0.90848 - 0.91126).
The Price Formed a Head and Shoulders Pattern.
So, Let's Expect The Bearish Scenario:
If The Market Breaks The Neckline (0.89999 - 0.90161) and Closes Below That,
We Will See a Bearish Move📉
TARGET: 0.88980🎯
LINK/BTC - Head and ShouldersHead and shoulders could be forming on LINK/BTC 5day. Measured move on this would put it up near all time highs likely beginning of next year.
Link could be a solid hold from here to the beginning of next year. May drop a bit more against BTC, but I think that would be an opportunity. Link may out pace Bitcoin to the upside during this next bull run.
ADA --Is the Head and Shoulders Pattern Activating?ADA ( CARDANO) Potential for a 20% Drop !
We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price.
Key Factors to Consider:
Confirmation of Pattern: The pattern should be confirmed with a break below the neckline and increased volume.
Target Price: The target price for the pattern is calculated by measuring the distance from the head to the neckline and projecting that distance below the neckline.
Risk Management: It is important to use proper risk management techniques when trading this pattern, such as stop-loss orders.
Please note that this is not financial advice and you should always do your own research before making any trading decisions.
🚧AVAXUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:AVAXUSDT
AVAX has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement, we shall see it reach 47$ pretty soon or at least in short term duration. The expected movement is as much as the measured price movement ( AB=CD ) . We might even see a correction one more time before ascending further. keep in mind that the next big resistance for AVAX will be around 47$.
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✅ 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!!
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:BTCUSDT
✅Today, I want to analyze BTC for you in a Weekly time frame so that we can have a Short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
BTC has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $73500 . The expected movement is measured as the price movement (AB=CD).
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Head & Shoulder
➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
🔥 Bitcoin Bearish Head & Shoulders Pattern: Time To Watch Out?Preface: I'm still bullish on the crypto market as a whole. I still think it's likely we're going to make new highs in the near future. This is a more short-term oriented trade and will only be activated under certain conditions.
In this analysis I want to shed some light on a pattern that one of my commenters recently informed me about. Although it's not the best H&S pattern ever, it's still a valid pattern in my view, especially with the recent reversal from 68.000$.
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.
USOIL - BEARISH SCENARIO 📉Hello Traders !
On Monday 18 March, The USOIL Reached a Resistance Level.
The Price Pull Back To Important Structure.
So, Let's Expect The Bearish Scenario .
If The Market Breaks The Support Level (80.93 - 80.45) and Closes Below That,
We Will See a Bearish Move...
TARGET: 78.30🎯
Bullish or bearish Btc from a head and shoulders in 1 hr time frem an at this rassistanc point
There are two possibilities over head it can be bullish from hear and again gongor all Time high if it's break the pattern and retest it
There is other side of this two
If it's failed this pattern then we can again
Seen a all the ways down till the 60000 fall expected in 2-3 days
Which ever is side Break thak your tread accordingly
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 $2.7 . The expected movement is measured as the price movement (AB=CD).
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
🟢 Head & Shoulder
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GMTUSDT On The Way To 1.5$ !!!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.
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✅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!!
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!!
#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.
#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.
#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.