Head and Shoulders
Inverse Head and Shoulders in SAND: Breakout Ahead?Crypto markets are waking up and SAND is showing a strong inverse head and shoulders setup that could spark a fast rally. ADA is also forming a bullish triangle with macro factors like tax cuts and a US UK trade deal adding momentum. The mood is shifting and big moves could be just days away.
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SHITCOIN index to 11X - No crying in the CASINO!I see grown men on my timeline expressing despair, claiming that altcoins are finished!
Come on, get a grip!
Volatility is simply the cost of chasing the highest potential returns in the most speculative market the world has ever seen.
Yet, many are unwilling to wait just one more year.
They’re turning into Bitcoin maximalists, hesitant to promote their favourite coins and reluctant to introduce friends and family to their preferred ecosystems.
This is just ridiculous.
Take a look at that chart.
I mean really study it.
It shows a stunning continuation pattern of an inverse head and shoulder.
Is that bearish or bullish?
You decide.
Embrace the cost of those future returns.
The Others index going to Trillions of dollars.
Means many millionaires will be freshly minted.
From memes to mansions.
$DOT is showing bullish momentum. What do you think?DOT is looking good and printing reversal patterns. Need other technical reasons to buy Polkadot? check this out:
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BINANCE:DOTUSDT
MarketBreakdown | EURUSD, USDCAD, NZDUSD, USDCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
EURUSD formed a huge head and shoulders pattern.
The price is currently testing its horizontal neckline.
Bearish breakout of that and a daily candle close below
will confirm a bearish reversal and push the prices lower.
2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦
The price is breaking a solid falling trend line.
Its violation is an important bullish signal that
indicates a strength of the buyers.
We can expect even more growth.
3️⃣ #NZDUSD daily time frame 🇺🇸🇳🇿
The pair is consolidating within a horizontal range.
The price is going to reach its support soon.
I suggest looking for a pullback trade from that then.
4️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The price is stuck within a horizontal parallel channel.
I expect a bullish continuation within that and a test
of its upper boundary.
Then, look for a confirmation to see and try to catch a retracement from that.
Do you agree with my market breakdown?
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GBPUSD forms potential head and shoulders patternOn the 4-hour chart, GBPUSD forms a head and shoulders top pattern. The current support below is around 1.326. If it falls below, it is expected to continue to fall. The support below is around 1.320. After breaking, the support below is around 1.305.
GOLD UPDATE
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CME Gap Fill IdeaShort until the gap, then long.
Daily S&P E-mini futures chart, a failure to remain above the 200 EMA and failure to reach the 200 MA, now pushing on the 50 EMA and MA and a confirmed death cross.
We have a CME gap between 5332-5355 (so approx 5345ish as a target).
Scenario here is a move down to the gap to act as a springboard to get back above the 50/200 EMAs and MAs and have it cross back over.
Resistance area aligns with 200 MA.
Pattern formed looks like an inverted HS or possibly a quasimodo.
RDNT/USDT 4H Chart: Inverted Head and Shoulders? Hey traders! Let’s dive into this 4-hour RDNTUSDT chart.
Radient Capital is setting up a classic pattern that could signal a big move!
We’re seeing an inverted head and shoulders forming, with the price breaking above the resistance of Wedge around $0.2290. The "head" bottomed out near $0.1590, with the shoulders forming at higher lows.
If this pattern plays out, we could see a bullish surge targeting $0.2650 and higher!
However, if the breakout fails, we might see a pullback to the shoulder low at $0.2160 or even the support at $0.1974.
Key Levels to Watch:
Resistance: $0.2650
Support: $0.2160 (shoulder)
Breakout Target: $0.2650+
Breakdown Risk: $0.1974
Is RDNT ready to soar, or will this breakout fail? Drop your thoughts below!
BTC is suggesting a potential bearish reversalBitcoin (BTC) is currently exhibiting a head and shoulders pattern near the $96K– GETTEX:97K resistance zone, suggesting a potential bearish reversal. This pattern, characterized by three peaks—the middle being the highest—indicates that the upward trend may be weakening .
The Federal Open Market Committee (FOMC) meeting on May 7, 2025, is a pivotal event for BTC. While the consensus anticipates that the Fed will maintain current interest rates, the market is keenly awaiting Chair Jerome Powell's remarks for hints of future monetary policy directions. A dovish tone could bolster BTC prices, whereas a hawkish stance might exert downward pressure .
Technical analysis reveals that BTC has been trading within a range of $93,399.86 to $97,625.81 over the past 24 hours, with the current price around $96,362. The Relative Strength Index (RSI) stands at 58, suggesting that BTC is approaching overbought territory but hasn't crossed it yet .
A significant support level lies around $88,700, where substantial liquidity could trigger a price rebound if tested. However, if the head and shoulders pattern confirms a breakdown, BTC might retest lower support levels, potentially around $78,000 .
Actionable Insight: Traders should closely monitor the neckline of the head and shoulders pattern and the outcome of the FOMC meeting. A break below the neckline with increased volume could signal a bearish trend, while a dovish Fed stance might invalidate the pattern, leading to bullish momentum.
More Analysis and Trading Ideas on SorooshX
NOTCOIN : IT'S TIME TO BUY GUYSHello dears
If you are risk-averse, this analysis is for you...
According to the bullish pattern that has formed, you can see that we had a decline and now it is time to take a logical risk, that is, we buy at the specified levels with capital management to move towards the specified goals...
*Trade safely with us*
Supply and Demand Zones 5/6/25 and 5/7/25 $NQChart link: www.tradingview.com
On the 4HR chart, price is setting up for a head and shoulders pattern, but there has been solid break and retests of past levels to allow price to move up into the Daily supply above. Given the previous news released today from Trump that there is 'talks' to get settled with Canada and China tariff prior to FOMC, I expect a large move to take place between tomorrow and Thursday.
If we have a continued strong bounce off the 30MIN demand and 1/4HR imbalance zones and break over 20273, then I will consider a long into the 20390 4HR imbalance above (50%) and the daily supply above of 20440 (50%).
If we have bearish order flow where we break through the demand zone (break and retest) to go lower, then I will consider shorts towards 19600/19100/18700 demand and previous breakout levels.
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Gold - All eyes on Wednesday 08 May - FED🟡 Gold Traders: Nothing Matters Until Wednesday! ⏳💤
Hey traders! 👋
This week, all eyes are on Wednesday... and everything before that? Mostly noise.
Let me break it down for you. 👇
📊 Technical Outlook
Gold is chilling above a key resistance level right now.
Trendlines suggest we won’t see any major moves before Wednesday unless big news drops. 📰
🕐 Asian session is kicking things off above resistance.
If bulls show up there, we could break Trendline 1 (Image below) and head towards the $3300 🎯 target.
📉 RSI across multiple timeframes? Pretty neutral.
If Asia trades flat or slightly bearish, gold might range between $3210–$3250.
Break below $3201, and things could get shaky... but the European session might push us back above that support.
U.S. session on Monday? Likely a sideways snoozefest 😴 (unless surprise news hits).
🎯 Trade Setup (Mon–Wed)
I’m looking to play the range between:
$3261 (Trendline 2) 🔼 and $3169 (Trendline 4) 🔽
That’s a comfy $90 window I’m aiming to trade before Wednesday's fireworks. 🚀
🔮 After Wednesday – The FED Factor 💣
Here’s the real catalyst:
Wednesday, May 7 at 2:00 PM EST – FOMC Rate Decision
If the FED cuts rates (not likely, but possible under pressure), gold could tank hard. 💥
I’m talking a potential drop to $3150 or lower 🕳️📉
That’d be a -$90+ move easy.
FED has been holding the line 💪, resisting pressure (especially from Trump back in the day), but if the economy flashes red, that rate cut might come sooner than expected.
🧠 Final Thoughts
FED paused hikes, but left the door open for 3 rate cuts this year.
Until we get more clarity, no strong bullish signals on gold.
My bias stays: Bearish unless proven otherwise. 🐻💬
Stay sharp out there, and watch those sessions. Wednesday’s the real deal! 💼📉
And last but not least, look at this and let us know what you think about please:
Some would say its impossible but as we know, gold can do everything!
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊