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Head and Shoulders

BTC SHORT - Intermediate reversal TradeBTC has formed a shooting star close on the monthly chart, and also has a head and shoulders showing up on many time frames (1D, 2D,etc.) It is having a hard time breaking into the 99K + resistance area. I have an adaptive short trade here. Blue Box entry, blue box - 96,500 - 99K Stop loss just above 100K Red Box Entry, if price goes into the red box 99k-104,500K - stop loss above ATH price of 108,321ish Take Profit 1: 85K Take Profit 2: 81.3K Take profit 3: 78K Take Profit 4: 72K Take Profit 5: 66K I have a lot of take profit areas up because it is hard to tell how big of a correction BTC will have overall if it does have a correction. I do see the potential all the way down to 52K, though. Thanks and trade safe!
BITSTAMP:BTCUSDShort
by LoneWolf1425
SUI Intermediate Short TradeHowdy everyone! SUI has been on a tear! Well, I think that BTC is showing a nice sized reversal before the final parabolic phase of this bull market. I also think that SUI has hit an area of interest, and it is way overbought. I think that shorting as close to the current 4.236 of this fib sequence at $5.26 is ideal. Entry - As close to $5.26 as possible. Once we get further confirmations, there will be multiple areas that you can enter a short. I am attempting to catch the reversal here. My take profits are based on catching the reversal. Take Profit = TP TP 1: 3.26-3.72 TP 2: 2.85-3.02 TP 3: 1.98-2.50 TP 4: 1.24-1.65 Stop Loss: Above current ATH of $5.36 This depends on how big of a correction that BTC gets. We have a monthly shooting star on BTC, and BTC is showing head and shoulders on multiple timeframes (1D, 2D, etc.) Thank you and please trade safely!
COINBASE:SUIUSDShort
by LoneWolf1425
GBPCAD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast (Daily Time-frame): While the price is below the resistance 1.82310, beginning of downtrend is expected. Technical analysis: A peak is formed in daily chart at 1.82320 on 12/19/2024, so more losses to support(s) 1.79228, 1.78439, 1.76819 and minimum to Major Support (1.74790) is expected. Take Profits: 1.79228 1.78439 1.76819 1.75765 1.74790 1.72705 1.70900 1.69267 1.67670 1.65599 1.63703 1.60894 Short-term forecast (H4 Time-frame): A Head and Shoulder Reversal Pattern has formed and the neckline has also been broken. Price is touching the neckline again. It is very likely that the downward wave will start from this area. __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
9
GBPCAD SHORTSA heads and shoulders pattern signaling reversal, a transition from bullish to bearish. REJECTION POINT Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels: The retest of the neckline. The psychological round number (1.80000) The EMA 50 acting as dynamic resistance. If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below. Conclusion The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.
Short
by sosaxbrodie
2
IWM | Incoming Bull Run | LONGiShares Russell 2000 ETF seeks to track the investment results of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the U.S. equity market. The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
AMEX:IWMLong
by DivergenceSeeker
3
ETHUSDT - 1D - Head and ShouldersETHUSDT - 1D - Head and Shoulders TRADEX BOT NEWS: May your trading strategies be fruitful! Over the holidays we have made significant changes to the way the bot operates that allows for scalability so it can be used by everyone. We will soon have the first version of TradeX BoT, which will function as a second layer Order Book on CEX markets, hiding our greed (TP) and fears (SL) from exchanges. More news to come soon! Thank you! _______________________________________________________ ETHUSDT - 1D - Head and Shoulders On the 1D TF, ETH is perfectly drawing the Head and Shoulders pattern that could be the catalyst for ETH to shoot its price above the current ATH. It would not be surprising if in this first Q1, ETH reached 7k. Considering BTC's journey after the launch of the ETFs, ETH has not yet exploded, so it is worth following the evolution of this heat and entering when it gives us opportunities. The important thing to be successful in trading is to be faithful to our strategy. To be clear about where we are, where we want to go and when it is better to be out in liquidity. __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either down or up, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
CRYPTO:ETHUSDLong
by TradeXBoT
SQ | Why Wallstreet is Bullish | LONGBlock, Inc. engages in creating ecosystems for distinct customer audiences. It operates through the Square and Cash App segments. The Square segment provides businesses the ability to accept card payments. The Cash App segment offers an ecosystem of financial products and services to help consumers manage their money. The company was founded by Jack Patrick Dorsey and James Morgan McKelvey in February 2009 and is headquartered in Oakland, CA.
NYSE:XYZLong
by DivergenceSeeker
Bullish Cases for ENA/USDT#Bull_Insights #014 Coin Ticker : #ENA Market : Binance Time Frame : 1 Week. This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis. Key Observations: Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend. Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume. Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend. Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal. Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum. Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal. Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend. 🔼Bullish Cases: Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin. Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs. Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth. Fundamental View on the future of MIL:ENA : ▶️ Sector: DeFi ▶️ MC: $3.73B ▶️ FDV: $18.58B ▶️ Unlocked supply: 20.22% - Ethena is a synthetic dollar protocol built on Ethereum. - It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure. - Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond." Conclusion: The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators. Recommendation: Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
Long
by cryptotalk_et