TOTAL 3 is ready to BLOWUSDT, recognized as the first stablecoin, did not achieve widespread adoption even as late as 2017. Had it been more prevalent, I would have incorporated USDC and DAI into this analysis.
Nonetheless, I trust that you will find this chart beneficial for the upcoming #Altcoin season.
The total market capitalization of USDT relative to that of Bitcoin reveals a distinct correlation.
This relationship has historically indicated significant technical peaks characterized by bearish divergence, as well as bullish divergence at market bottoms, as observed in the RSI versus ratio score.
Additionally, we have established a clear target level to pursue.
Head and Shoulders
Bitcoin's Bullish Path: Monthly Inverse Head and Shoulders BreakBTCUSD's monthly chart has confirmed an inverse Head and Shoulders breakout, suggesting a potential bullish surge in the coming months. The breakout above the neckline around $70,000, supported by significant volume, aligns with a price target of over $300,000, representing a potential 300% gain. This setup highlights a possible major uptrend, with Bitcoin aiming for new all-time highs. Traders should watch for a successful retest of the neckline to confirm bullish momentum. If BTC maintains support above this key level, the path to $300,000 may unfold, marking a pivotal bullish phase for Bitcoin.
$ASM inverse head and shoulders?AMEX:ASM is forming and inverse head and shoulders bottom. If price can break above $.042, then we should see a large continuation higher up to one of the resistance levels above.
I could see the move reaching the $.12-13 area before it sees some resistance.
Let's see how it plays out over the coming weeks.
Entry at .0303
ZCXUSDT Unizen 2h updateHi there
Something exciting is happening on this Gem on 2h tf..
People are creating some shoulders and Head! I like to hunt this patterns on spot Coins like Zcx!!
And i live the project of Unizen exchange and company:)
This Coin has a good Future i bet! 0.07 is not fair for this Unknown Gem
I mean its something rare you can Hodl and save your money as ZCX
it worth now buy some with 15% Sl
Head and shoulders will be hunted if BTC and Eth Continue Rising ✓
Goals are 0.1( short term) and 0.2
Good luck
Rising WedgeRising wedge hit the 4th time on the tail of election.
Seeing euphoric sentiment. Just closed for the week, but didn't break wedge.
On the watch for next week if we head down to tag the bottom of wedge or continue up to break the rising wedge.
If it break upwards, likely to tag the gap to 270.
If it breaks down, 240. 200 if it continues.
INTU - 9 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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XAUUSD, Bearish Continuation on Break of ChannelHead and Shoulder formation
Breakdown of Bullish Channel
Retest of channel
Breakdown Confirmation
Currently @ weekly support
Bearish Trend Continuation Expected
Sell with Sell stop on break of support level
Target Towards 2600 levels
Stoploss above 2713
Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?Since topping out nearly 4 years ago
the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into.
Clear trend of lower high's and lower low's.
The trend has not been friendly to the Link Marines!
Are we repeating the tale of #XRP and their faithful army?
Both get dumped on by the their respective foundation or founding company.
Both claim Banks will use their products / software ...
Link does have #CCIP usage but it is not the only #interoperability solution.
We already have #RWA on the blockchain.. they are called #stablecoins.
Either this ratio is in danger of breaking down.
Which maybe signalling a broader #Altcoin market demand destroying period....
Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?
BITCOIN Weekly line charttells a story of 4 discernible patterns and 4 log targets.
1) The inverse head & shoulders to end the bear market
2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart.
3) A small sideways flag
4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves.
As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart.
Another tool in your toolbox.
Potential invh&s on filecoin daily chartNot guarantee this plays out and usually nor wise to chase an inv h&s trade until the right should completes on the neckline, but considering the crypto market appears to be resuming its uptrend soon it does greatly increase the probabilities of this playing out so it’s worth keeping an eye on imo. *not financial advice*
Revising the head and shoulders pattern on NOVOSince my previous analysis on Novo Nordisk OMXCOP:NOVO_B , the price has nearly reached the original target of 700.
However, I have made slight adjustments to the head and shoulders pattern, which has consequently led to a revised target at the value area low of the range from late 2023 at around 670.
At this point, I would not consider this an ideal time to initiate a short position on OMXCOP:NOVO_B . Instead, it appears to be more of a profit-taking opportunity for those who entered short positions near the levels indicated in my earlier post.
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NASDAQ:MBLY
Stock: SQ Weekly Long Opportunity – Head and Shoulders with RDOverview:
This weekly chart for Block, Inc. presents a high-potential buy opportunity. A well-defined Head and Shoulders pattern is forming, indicating a likely trend reversal. I’m waiting for a confirmed breakout above the Neckline for entry.
Technical Insights:
The MACD shows regular bullish divergence, reinforcing the setup's reliability. Additionally, with the price positioned above the 200 MA, bullish momentum is even stronger, increasing the probability of a sustained move upward.
Targets & Risk Management:
🎯 Take Profit 1: $130
🎯 Take Profit 2: $195
🔒 Stop Loss: Set just below the Right Shoulder
📈 Pattern: Head and Shoulders
💥 Confirmation: Entry on breakout above the neckline
📊 Divergence: Regular bullish divergence on MACD, signaling a potential trend reversal
📐 200 MA Support: Price is trading above the 200 MA, adding strength to this bullish setup
This combination of pattern, divergence, and moving average support makes this trade an excellent opportunity. 🚀
Russell 2000 On verge of breakoutof a continuation inverse head & shoulders
these projections are IMHO likely to be the final nail in the coffin for this massive bull run
one of the complaints from Analysts is the lack of breath in the market
well when the russell reaches these projections
these analysts will likely claim victory and say see NOW we have a real bull market
which is when you should be seeking shelter as when the last bears are bullish it means there is no one left to convince.
And after 16 years from the 2009 bottom would be a fitting end to the secular bull
With a Trump victory likely ..
The Dems will in all likelihood prefer to leave him a big mess to clean up than a booming economy.
GOLD SCALPING ENTRY
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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