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Head and Shoulders

🦊 BONK🦊 is Ready to Pump🚀➕30%🚀🔥In the past few months, memecoins have been doing very well and they have very good profits for their followers. It seems that these few months have been 😂 memecoin season 😂; although many people are against this type of token, the fact is that there were good profits in these few months. 🦊Today I want to analyze one of the popular memecoins these days. The name of this meme is BONK . 🏃‍♂️ BONK is moving near the 🟢 Support zone 🟢 and 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to Elliott's theory , BONK seems to be completing wave 4 . 📈In terms of Classic Technical Analysis , BONK has succeeded in breaking the Neckline of the Inverse Head and Shoulders Pattern in the Daily time frame .👇 💡Looking at the BONKBTC chart, we can see that BONKBTC has managed to break the neckline of the Double Bottom pattern , and this is a sign of BONK's better situation than Bitcoin .👇 🔔I expect BONK to rally at least another 🚀 ➕30% 🚀 and attack the 🔴 Resistance zone 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bonk Analyze (BONKUSDT), 4-hour 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.
Long
by pejman_zwin
1
STRONG "HEADED" REVERSAL COOKING UP?? - UCADHere I have USD/CAD on the 1 Hr Chart!! Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP! Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face". A HEAD AND SHOULDERS PATTERN!! Now with our "Neckline" @ 1.36567 being confirmed after the formation of the First Shoulder and Head, we can expect to see 1 last attempt at a HIGH!! This HIGH I believe will be at the Same level as the First Shoulder, forming the Second, which will be CONFIRMATION OF PATTERN!! Then, upon arrival back at the Neckline, we will be looking for SELLING OPPORTUNITIES!! **IF Price BREAKS & CLOSES ABOVE the First Shoulder @ 1.36984, Pattern is INVALIDATED!! First Profit Target Zone will be at the SUPPORT ZONE @ ( 1.3627 - 1.3600 ) Range
Short
by Novi_Fibonacci
BTC/USD Appears Poised for Further Outperformance It was another positive week for BTC/USD, which was up +1.9% as of London’s close on Friday despite finishing considerably off its best levels. Price movement on the weekly timeframe has been working between the limits of a potential bullish flag pattern since forming the all-time high of $73,845 in March. Even though the unit faded the upper edge of the aforementioned pattern last week, the daily timeframe suggests there is scope to navigate higher terrain. All-Time Highs in Reach The Research Team recently communicated that BTC/USD bulls had made a comeback since forming a low of $56,478 and completed a daily inverted head and shoulders pattern (left shoulder: $59,559; head: $56,478; right shoulder: $60,165). The advance sent the unit through the pattern’s neckline, a descending line extended from the high of $67,273, and permitted traders to pencil in the pattern’s profit objective – taken from the value between the head and the neckline and extended from the breakout point – which shares chart space with the all-time high of $73,845 at $73,756. Bolstering the possibility of challenging all-time highs this week, the Relative Strength Index (RSI) rebounded from trendline support (taken from the low of 23.71) on the weekly chart and the daily chart’s RSI is treading water ahead of trendline support, extended from the low of 35.47. The RSI also remains above the 50.00 centreline on both charts (positive momentum). Direction This Week? A daily decision point area at $64,612-$66,484 held ground in the second half of last week, and price has room to move higher this week towards the all-time highs/inverted head and shoulders take-profit objective at around $73,840ish. This, of course, also highlights a possible breakout above the weekly chart’s bullish flag pattern structure.
FPMARKETS:BTCUSDLong
by FPMarkets
NEARUSDT THREE RISING VALLEYSWe were first presented with a momentum shifting structure which looked like an inverse head and shoulders with 4 shoulders, but then created 3 consecutive higher lows and higher highs to form the image of a three rising valleys structure. We sprung from the resistance line and recently back tested the neckline as support. Our first target is the measure from the first low and first high from the three rising valleys. Our second target is a key resistance line from October of 2021. If the asset falls below the third valley then the setup is invalid. As a compliment, NEAR when compared to the BTC chart also looks bullish, so we could see NEAR outperforming BTC in the near future. Overall, NEAR has had a strong uptrend in weekly scale compared to most altcoins so I'm expecting it to keep outperforming in the next few months.
Long
by diegochuw
Is a Head and Shoulders pattern forming on IMX?Hello everyone! #IMX, I dare to suggest that a head and shoulders technical analysis pattern is forming on the chart. It can be observed that the price reacts well as it approaches the 0.786 Fibonacci level. In this area, the left shoulder was formed and now the right shoulder may be forming. The neckline is at a strong Fibonacci level of 0.618. The price potential upon completion of the pattern is around $0.85. However, the decline may be halted by Fibonacci levels of 0.5 - 0.382.
Short
by neverovv
PLTR: Potential Giant H&SIt's not quite there, but it's certainly on track... don't take this as a prediction of the future because well that's impossible. Lot's will need to line up for this to occur but so far so good. Retailers selling off, institutions are buying, and the company is growing 20% YoY. If growth improves near the 14-15 dollar levels, we could see a very bullish reversal. If we get down to the 15's, I think it would be a blessing. Best of luck y'all. This isn't trading advise. Make your own decisions. This is just some fun technical analysis.
PLong
by HassiOnTheMoon
Nvidia - H&S on 4H (Possible Overhead Breakout Later)I have not posted for a while, been busy trying to improve my trading entries and exit. I am back now and will be posting more regularly :). Nvidia has broken out of H&S pattern on 4 hour. Any retest to the highlighted orange area around 888-900 would be suitable for buying. Stops can be placed below the 10 DEMA or 20 DEMA. For conservative risk traders, stops can be placed below at 848. I am looking for a run up to 950, where I will take one-third of my position off and wait for volume and price confirmation for break above 960. At the moment, volume is not that great so its difficult to put on a huge position with conviction. Hoping to see that manifest, in breakout above 960. If we can go above 960, I honestly believe 1500 is on the cards for this stock.
NASDAQ:NVDALong
by Kemsdale
GE Possible Head and Shoulders Pattern GE and the whole Aerospace and Defense industry have been relatively strong as of late. However we are entering into the Memorial Day weekend and the low volume that comes with it. On May 8th General Electric’s price pushed up to the $170 level, a level with a large amount of options interest. This $170 strike is considered the Call Wall and an area of large resistance. Since then prices have pulled back and are currently sitting on what I believe to be another big support level at $160, a large options strike. The $160.00 level also looks to be the “neckline” of a head and shoulders pattern. If this plays out, $149.92 would be the target area. Thanks for reading! Stay disciplined and stay green!
NYSE:GE
by Ra1nyDayz