Head and Shoulders
BITCOIN: Bearish – Head and Shoulders + Ascending WedgeBITCOIN: Bearish – Head and Shoulders + Ascending Wedge
Two classic Chartist figures were detected by the Wolf of Zurich:
1- An “ascending wedge” which would bring the price down towards $62,632.
2- A “Head and Shoulders” which would subsequently bring the price down to around $52,080.
The EMA.50 and 200 also remain potential targets
caution.
AUDUSD: Bearish Reversal Pattern?!AUDUSD has formed a head and shoulders pattern on the 4-hour chart, with the price breaking below the neckline.
Currently, there is a retest occurring, and I anticipate that the pair will begin to decline shortly.
The targets for this downward movement are set at 0.6719 and 0.6700.
XAGUSD has formed a head and shoulders top patternOn the 4-hour chart, XAGUSD formed a head-and-shoulders top pattern and then fluctuated downward, with a short-term bearish pattern taking advantage. At present, we can pay attention to the supply zone of 28.67-28.96. If the rebound is blocked, we can consider shorting. Pay attention to the area around 28.00 below. After breaking through, the support below is around 27.50.
my BEARISH expactation for PEPE/USDTwe see on the weekly a big head and schoulders formed. the neckline broke en retested 2 times! i believe it time to go heavy short because a big cvrash is coming ( believe it or not) it wil first pull up a bit to.... 0.5 / .618 fib ? not sure, i prefer ro short t the 0.5, not to big leverage ( max 20) and protect as soon as possible and enjoy the free ride, ------ its a +-83% drop if it goes that low -----.
enjoy. en lets hope for the best.
OM to the moon
I can never understand 90% of investors, no one wanted #BTC at 15k but many will FOMO over 70k!
Same also with NASDAQ:OM now because no one wants to buy when it's at dip but they will FOMO at new ATH!
NASDAQ:OM is gaining traction and it is up by nearly 1500% since January 2024.
I think the coming weeks are going to be big for #MANTRA and Mainnet launch coming in September with Rate cuts as said by Powell.
granules positional tradeGranules - A positional trade with RR approx 1:4,
Rising relative strength, inverse head and shoulder pattern with no resistance on left side as the cmp is high of more than 2 years and above fib retracement of 61.8%.
Breakout with good volume.
Volume decreasing during formation of base.
GBPUSD: Price Action Based ShortThe 📉GBPUSD has formed a head and shoulders pattern, indicating a potential reversal after a significant uptrend.
The price breaking below the neckline suggests the market has reached its peak, and a corrective downturn is likely to follow.
I anticipate a pullback to at least 1.3121, with a possible extension to 1.3080.
XEC sell/short setupWe have a bearish QM on the chart.
The price is approaching a valuable range. We have the overlap of the qm level with a strong OB.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BNB Ready to Soar: Is A 24% Take-off Ahead?It might be early days, and the levels might not be perfect, but it appears that Binance Coin is forming an inverse head and shoulders pattern. Other coins, like Super and Phantom, are creating similar horizontal patterns, which typically provide better trade opportunities than breaches trend lines or moving averages. In addition, as we move into the fall in the Northern Hemisphere, we can expect trending markets to resume. It may take a few days to weeks for the right shoulders to form, but if a breakout occurs with the price breaking above $603, it could reach as high as $747, based on the current pattern.
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