Bye Bye DollarShort term uptrend broken. Is heading to the uptrend line from Jan 2022, and I think it can break it down. I'm already short in Dollar against AUD and GBP and I have been adding. And I will add even more. To make it even worst for the Dollar the index broke down the uptrend with a HS. I don't need another trade to close out the year. This is the one, all in. I won't close my positions until it reaches my target.
Head_and_shoulder
ETH Support 3700 Appears To Be HoldingETH ETFs will give Ethereum and therefore altcoins a nice bump/pump and I believe that, as long as ETH can hold this current support level at around 3700, then Ethereum and altcoins have found their local low. In other words, altcoin season is close. Supporting this theory is this inverse H&S pattern which I spotted well before the right shoulder had even formed. We can now see that this pattern appears to actually be playing out and Ethereum should remain strong for the remainder of 2024, though the possibility of breaking support at 3700 and dropping to 3500 still remains relatively strong as well before further upside. Adjust all stops and plan accordingly.
IREDA - Head & Shoulder patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
#campus making inv H&S pattern, close above 261 fatega kya?#Campus activewear on daily time frame is making a pattern on popular shampoo pattern, Head & shoulder. A daily close above 261 can take this stock towards 294/308. This is a company where around 12.5% stake is held by FII&DII put together and these big sharks never enter for small gains. Campus is going to publish their results on 28th May, so volatility will be at its peak. Below 240 will be exit sign for me. Lets see if we get desired movement or not.
DOGE MONTHLY BREAKOUT? PLUS INV HEAD AND SHOULDERSObserved massive rally after the effects of the CPI report that surge BTC price past 6% and followed by other major coins. Now, I will tackle the possible BINANCE:DOGEUSDT breakout after the rally on the almost 2-month diagonal resistance trendline along with an inverse head and shoulders, a bullish pattern since the coin is on the downtrend that can be a sign of trend reversal for the coin.
Other details for the setup and the approach for DOGE will be discussed in the idea threads below. Stay tuned!
Bitcoin: Head and ShouldersHeads up:
Head and Shoulders seem to be forming on the daily chart. I am still waiting on the right shoulder to form as confirmation.
Furthermore, we bounced off the upper highs trend line, so I see a strong indication of going up.
I am building this chart on my previous idea:
Silver breaking out of its consolidationSilver is breaking out its long term consolidation and triggering a bullish reversed Head & Shoulder pattern with a target in the $42.50 area.
Next resistances at the all time high near $50 then the line linking the top of the channel near $53.
A break below $23.50 would invalidate this view.
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With gold and copper making all time highs, the governments and central banks printing money like crazy, it's hard to believe that Silver won't catch up and eventually make new all time highs.
NEAR PUMP!Hi Everyone!
NEAR Analyze ( NEARUSDT.P), 4-hours time frame ⏰
NEAR looks like making HnS Pattern
The breakout from the HnS pattern presents a potential buy setup
- if NEAR can continue pump, first target is 8.920
- and You can Buy on Breakout 7.685
- or buy on support 6.785
GoodLuck Guys!
*Follow For More!
*DYOR
🔥 Bitcoin Inverse Head & Shoulders! New All-Time High Soon 🚀Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern.
In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed.
As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min). In my eyes, this could be the start of the next leg up towards the current all-time high, and likely beyond.
🔥 Bitcoin Inverse Head & Shoulders: Back To All Time Highs!Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern.
In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH.
Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed.
Share your thoughts 🙏
📈Analysis for Potential Long and Short Positions in ENS✨🔍Today's market position offers a pivotal moment, potentially setting the trajectory for the next 2-3 months. Following a minor downturn yesterday, altcoins have once again approached the lower end of the trading range. This juncture demands vigilance, especially considering potential short positions upon breaking support levels to avoid missing out on market movements.
🔄Bitcoin has activated its trigger yesterday, signaling market activity. Therefore, I've identified ENS (Ethereum Name Service) as a coin still holding its support. ENS allows users to convert Ethereum addresses into unique NFTs, simplifying transactions. Feel free to send any funds to my address parham96.eth; it's my pleasure to receive them!
✅Utilizing price action analysis with a classical approach, focusing on breakout patterns, I've conducted an analysis on ENS.
💎A Fibonacci retracement from the previous downturn indicates a correction to 61.8%, suggesting diminished downward momentum.
A range box has formed between 0.618 and 0.236 Fibonacci levels, with a ceiling at 16.8 and a floor at 14. This range has tested the 0.5 level twice, forming a Head and Shoulders pattern with neckline support at 14 and a potential first target at 12.45.
During range-bound trading, closing positions at risk-to-reward ratios of 2 or 3 is advisable, building a foundation for risk-taking in future trends.
Confirmation of trend reversal can be sought through RSI, with a break below 31.47 signaling potential significant price movements.
For long positions, a risky scalp entry can be considered upon breaking 14.39, with risk-to-reward ratios emphasizing conservative targets.
RSI confirmation below 42.63 can further validate the signal.
📈For long positions, entry confirmation is contingent on increasing buying volume, ensuring logical market participation.
🛒If ENS appears promising to you, please leave a comment for analysis feedback. Moreover, if there's considerable demand for spot buying analysis, I'll provide daily or weekly timeframe analysis for your convenience.
⚡️This analysis aims to equip traders with insights for potential positions, emphasizing risk management and strategic entry points in ENS trading.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Disney H&S Developing could fill the gap NYSE:DIS Disney is developing a head and shoulder pattern it could fill the gap if support doesn't step in after earnings. Look for 105-100 as a target if volume doesn't buy in expected Gap Down and gap fill below it couldn't break upper resistance at 124 level either
AKRO At Least 1500% Move Is On The Table! New ATH Is ComingAKRO Has One Of The Most Clear And Perfect Charts Among The Market. In Classic View, It Formed So Sweet Patterns And All Of Them Did Exactly Well, Now We're Going To Look At It's Chart From Super-Big Picture And Find The Very Ultimate Pattern .
Let's Go.
1- The First And The Most Important Thing Is The Monthly Change of Character ( CHoCH ) That Happened In Aug 2023 In Form Of a Powerful Big-Ass Candle. Monthly Chart Is One Of The Most Important Time-Frames Among The Others, Isn't It?
As You Can See On The Chart Below, It Broke The Last High Caused the Bottom, So We Identify It As The CHoCH. From That Date, We Were Looking For The Best Entry Opportunity Until Now, Maybe The Best Time To Enter. Because The Break-Of-Structure (BOS) Is Going To happen In Coming Weeks.
Price Reached The Monthly Support Zone Which Formed As a Red Hammer Candle. Do You See It?
The First Step Was Detecting The Support Zone, The Second Step Is To recognize Reversal Elements Forming On That Support. So Let's Dive Into It!
2- There Is No Reversal Pattern Seen On The support Yet But :
Very Strong RSI Bullish Divergence Seen On The Daily Chart Exactly On Monthly Support That I Mentioned Before.
Price Is Making Lower Lows While RSI Is Making Higher Lows On Daily.
The First Sign ...
3- Trend-Line Just Broke On weekly To Gather Liquidity, So a Heavy Come-Back To The Upside Is coming, Which Will Lead To Shatter All Of The highs And Perhaps Reach a New All-Time-High.
There Are Two Weekly FVGs That Should Get Filled In The Future Highlighted On The chart. Take It So Serious ...
4- There Was a Head And Shoulders Pattern, Done In The Weekly, The PullBack Phase Almost done On The Weekly!
Are You Ready To Rebound?
5- Now, Take More Distance From The Screen, Watch The Chart From Bigger Picture.
The Ultimate Pattern That Akro Is Making On The Monthly chart, Is a Huge Cup And Handle.
After Breaking The Top Side Of The Handle, It Will Throw Into The Sky, Probably In Search Of a New All-Time-High ...
6- Just See The Other Side Of The Box! Price Action Is Making a Three-Drive Pattern In Weekly Towards Major Liquidity Pool. The Only Concern ...
But Don't Be Worry, After That We Can See Jump In Price In form Of a QM Pattern.
Follow, Like, Share And Comment Below If You Enjoyed This Idea.
See You On Top!