SEI - Potential inverse head and shouldersNot clear cut
But you can make it out if you squint.
Either way another new for the cycle blockchain, should periods of expansive growth
Just recognise it's not the next coming :)
Head and Shoulders
CRUDE OIL (WTI): Time to Sell?!
WTI Crude Oil is testing a recently broken horizontal support.
After a violation, it turned into a potentially strong resistance.
Approaching the underlined area, the price formed a head and shoulders pattern
on an hourly time frame.
A breakout of its horizontal neckline is a strong intraday bearish confirmation for us.
We can expect a bearish continuation now.
Goals 74.9 / 74.3
❤️Please, support my work with like, thank you!❤️
INJECTIVE #INJ 2024 Price Target = $85Smash a like if you agree!
Why do you ask?
Because people like smart contract blockchains, people like new projects, a good ticker, good liquidity, the right price to make multiples
all add up to winning tickers in the #crypto space
So I believe INJ will not only meet this $85 target
buy likely surpass it during 2025 top
Reverse head and shoulder on COFORGECOFORGE formed a reverse head and shoulders pattern on daily chart. Price broke out of resistance area with strong bullishness. Also there was a gap up on todays opening indicating there is strong buying pressure. Stop loss can be held just below previous swing with target the width of the head. Provides an ideal risk reward of 1:2.
Hope you liked this idea. If so please do boost this idea or leave a comment below on what you think. Otherwise happy trading :-).
EOSUSDTHi guys
Tangent with the medium-term uptrend line, in the lower time frames, a head and shoulder pattern is formed at the end of the downtrend.
The support areas are also well preserved so far; Provided that the previous price floor is maintained, and the resistance range of $0.831 is consumed, we expect an upward trend similar to the scenario.
Idea for short XAU in a long timeframe.Based on the observed chart pattern, a Head and Shoulders formation appears to be developing. By integrating the Supply and Demand zones from the SMC (Smart Money Concepts) strategy, this setup indicates a strong potential for a selling opportunity at the current level.
*Beware of unexpected news.
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.
The head and shoulders reversal model on the daily timeframeAfter the breakdown, I will open a long position for a small part of the deposit.
Potential Head & Shoulders Forming! - AUHere I have AUD/USD on the 1 HR Chart!
Price so far has began to form what looks to be a Strong Reversal Pattern, Head & Shoulders!
You can see a clear Left Shoulder falling down to the Support Zone creating our "Neckline" @ .6633!
Followed by the creation of the "Head" being a rejection off the Falling Resistance back down to the "Neckline" and NOW finally to potentially finish the Right Shoulder!
Based on the first shoulder, the Resistance Zone @ ( .6671 - .6665 ) and with the 38.2% Fibonacci Retracement Level matching the height of the Left Shoulder @ .66727, I am looking for Price to hit this very spot and then show rejection pushing price back down to the Neckline for CONFIRMATION OF PATTERN!!!
INVALIDATION OF PATTERN comes in if price decides to Break and Close above .66727 and is unable to move back down!
Fundamentally, AUD had GDP come in at a .2% decrease and with heavier news for USD later this week, this idea could come to life so lets keep an eye out!!
**On Confirmation of Pattern, I will be looking for a Target Profit down at Support @ .66000
WOJAK - Could be a big winnerAfter the initial launch bull run , and subsequent expected pullback
I really like the basing action that has occurred on this chart
It may take a little while to break the neckline , But once it does it could move quite fast.
Don't Bet on #QUANT. CHAINLINK is the clear leaderThere will be sympathy pumps by #QNT
But I suggest betting on the best in breed with the visionary/genius founder (SN)
#LINK should outperform QNT by 2:1
as the inverse head and shoulders suggests
SHS and bounzed channel - short
1. Impuls: 4H short
2. Correction: in correction
3. Trigger: not jet
4. Candle: no
5. Channel: yes short 1D
6. Resistance/Support: bounzed channel line
7. Trend: short
8. Brake out: bounzed
9. Febo´s: near 38.2% 1D
10. EW Impulse: yes long
11. EMA 200 / SMA 50: no
12. Pattern: SKS 1H, bat 30min
13. Fazit: bounzed on channel short, sks short,
14. Solution: short trade tp $90,00
VENUS $XVS forming a inverse head & shoulders heading to $100?This could be a leverage position on #BNB as that hits all time highs
as it is part of that ecosystem along with
#Floki
#CAKE
#AI
#ID
#WHY
&
#BEL
as major dapps on BSC
Let's see if it can crush the neckline
BTC Inverse Head & Shoulders on Daily ChartInverse H&S Pattern is almost completely formed on the Daily Chart.
A Break and close above $71 734 on Daily chart could result in measured moves corresponding with the moves in the Inverse head and shoulder pattern. My prediction: if a Daily close above this level, then we'd see a break upwards to FWB:77K , retrace back to neckline, and bounce up to $86, 625.
First price target: $77, 000
Second Price Target: $86, 625
Amateur pattern and technical analysis trader. NOT investment advice. Making these posts to document my own journey and thought processes/development on here.
BTCUSD breaks through 72000 and will start an upward trendOn the daily chart, BTCUSD fluctuated upward after forming a head and shoulders bottom pattern, and the bullish trend is currently dominant. In the short term, attention can be paid to the resistance near 72,000. If a breakthrough is formed, it is expected to continue to rise, with the upward target looking at the previous high near 73,800, and a breakthrough is expected to go to near 75,000. At present, attention can be paid to the opportunity to buy on the pullback.
USD/CHF to lead DXY higher, AUD/USD, EUR/USD lower?Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance.
Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short on AUD/USD on the assumption the high of RS (right shoulder) has been established, and seek a move down towards the neckline at a minimum. A break of which could see it head for the projected H&S target around 0.6580.
If the US dollar index goes higher, surely EUR/USD should move lower. Bears could enter short with a view to target the swing low around 1.0835 or the bullish trendline.
Bitcoin will push to the upside BTC will go the upside with chart pattern inverted head and shoulder
BTC resuming uptrend?Seems like supply is drying up, forming a contraction with inverse head and shoulders. Good probability of breakout on upside.
The Overlooked Impact of Lower Crude Oil Prices on Inflation Everyone talks about higher CPI when crude is up, but ignores it when prices drop.
Right now, lower crude oil is actually helping to soften inflation and weaken the dollar.
Keep an eye on the neckline around $70—but it might not be easy to break.
XAU make a new high !!!!!for XAUUSD will make a new high before go down. i see the reversal pattern Head and Shoulder.
This is only my opinion. Happy Trade guys !!!!
USDCHF - Head and ShouldersHello Traders !
On the daily time frame, The USDCHF price formed a head and shoulders pattern.
Currently, the neckline is broken !
So, I predict a bearish move📉
--------------
TARGET: 0.89190
GBPAUD has oppourtunity for Inverse SHS patternGBPAUD, wait break 1.9230 with full candle dan wait for retest, will give us oppourtunity for inverse SHS pattern. with target Take profit at 1.9400-1.9450 dan SL i will put at 1.9130.
Lets See
Happy Trading
Disclaimer On
SPY levels update - Still waiting First of all, I would like to note that the price found support roughly at the zone noted earlier : flag bottom + 21EMA. Yes, we got a shakeout, but it was not followed by high volume and was aggressively bought back.
We are still inside the flag, with support around 523, where I see the Inv H&Sh pattern on the lower timeframe, as well as the 21EMA. If this level is broken, price may try the 50SMA (and the flag bottom).
As long as the price is above these lvls - that is pretty positive!
