TESLA(TSLA) FORMING HEAD AND SHOULD PATTERN, IS TSLA READY FOR AThe NASDAQ:TSLA shares forms a reversal bearish patterns called H&S but this can be a valid pattern of it breaks the yellow bar area that happens to be the neckline. If that support holds and it’s able to break that trend line we might see a push to the upside.
But on the other hand, if you make use of the Fibonacci Retracement, you will see that the market is trading below the 50fb area which happens to be the important point of this area. This makes me to be 90% favoring the downside of this stock market, this could crash Tesla to $30 below
Crude Oil analysis
Head and Shoulders
BITDEER deserves to be re-rated HIGHERBased on fundamentals and technicals of course!
This company I expect to comfortably trade as a double digit company by years end
And during the #Bitcoin bull top even has the potential to tag this log projection
we can see an Inverse head and shoulders clearly being formed.
Yet to trigger, but it has some impressive projections.
Will Bitdeer outperform it's more well known rival #Mining competitors?
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had.
What is LayerZero(ZRO)!?
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.
From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern .
I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) .
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ChainLink Update: Correction about to happen, Overall Bullish!ChainLink is forming a clean H&S pattern on the daily and weekly charts, which can cause the price to experience a correction to lower levels at $7.7, the main support to hold before starting the big move along with the whole market in the upcoming bull market. The main targets are at $36 and $96, IMO. DYOR
PEPE Trade targets Only for current Holders!!!We have highlighted #Pepe a few times since it burst on the seen.
It has really been a good trading vehicle, good volume and perps.
It's already up 2.5X from the big pattern inverse right shoulder.
It's already smashed the neckline
So charging in now is not recommended.
(if you are lucky and see it retest the neckline by all means)
Having said that if you have been trading it, and building up your investment stack this past year in the Frog coin.
You will be glad to see this log target above the old high!
congrats
CRUDE OIL (WTI): Time For Pullback
As I predicted yesterday, WTI Crude Oil bounced and reached a key daily resistance.
After the test of the underlined blue structure, the market started to consolidate
and formed a head and shoulders pattern on an hourly time frame.
Bearish breakout of its neckline is a strong bearish signal.
It indicates that the market may retrace from the resistance.
Goals: 80.0 / 79.6
❤️Please, support my work with like, thank you!❤️
Updated AMZN inverse H&SHere is the weekly view of the AMZN inverse head and shoulders I finished a while ago. I added a demand zone as well. You will note a nice bounce on the 20EMA supporting this idea long-term. My short-term target is still 210$ here. A brief dip into demand and blastoff is my prediction.
-A test of 189$ is needed before the 210$, this is the area of resistance that would allow for price discovery as well
-There is not much resistance until that point
GBPAUD: Bearish Reversal Coming?!The GBPAUD chart on a 4-hour time frame shows a significant head and shoulders pattern.
Today, the neckline of the pattern was breached and confirmed with a 4-hour candle closing below it.
I anticipate a downward trend now, with the next support level likely at 1.9105.
DMart: Ready for new Highs with Bullish StructureClassical inverted H&S Pattern Structure can be seen in this script.
Following points can be considered here before taking any decision:
1. over all Trend is uptrend.
2. Pattern: Bullish IH&S(After healthy Consolidation) Or Inside bar or multiple Resistance BO or Cup and Handle
3. Good Fundamentals
4. over all market structure is also bullish.
DISC: For educational Purposes only. Please consult your financial advisor before taking any position.
Timken For Swing..!Timken's stock has recently been on a downward trend but is now displaying indications of a potential recovery. Analysis of the charts reveals the formation of an inverse head and shoulders pattern. This could make it a candidate for swing trading, with the initial target set at the 200-day simple moving average (SMA), followed by the upper trend line. Additionally, on the weekly time frame, the stock has been consolidating within a range for some time.
Injective, Refuses to Stay Above $30- $30 is a key level, acted as support, broke below, resisted and tested again this week.
- The retracement distance in the EQ channel is measured and placed to the top.
- Prices has broken below the green box giving indication that down trend continues. Price has also broke below the EQ channel.
- This is further exacerbated by price breaking below the week washline indicating that all gains are washed out from the week's token burn.
- Should price finds support at 23.73 level, then there's a possibility of a right shoulder forming.
- A week close below 23.73 level would also washed away all the gains.
- Near term support as shown.
- The author has skin in the game.