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Head and Shoulders

A8USD 12/2/2024A8USD Daily Chart Analysis The chart for A8USD displays a classic bullish reversal pattern, signaling a strong potential for upward movement. Here's the analysis: Key Observations 1. Pattern Formation: o Between October and November 2024, price appears to have formed a bottom, creating an inverted head and shoulders pattern. 2. Neckline Breakout: o At the end of November, price broke through the neckline of the pattern. o Several consecutive closes above the neckline reinforce the breakout's validity. 3. Volume and Momentum: o A spike in volume confirms strong participation in the breakout. o The MACD in bullish territory indicates positive momentum backing the move. Trade Details • Position: Long • Entry: 0.1270 • Stop Loss: 0.1052 (17.21% risk) • Initial Target: 0.2177 (67.48% potential return) • Risk-to-Reward Ratio: 3.93 This trade setup offers an excellent risk-to-reward ratio and is supported by a solid technical reversal structure and bullish momentum indicators.
COINBASE:A8USDLong
by rudcharts
LITECOIN short term-SHORTHello All 🐶😃🐼 It's Jazerbay here, I missed you all and I am back with this idea.. let's go ! 👇🏼⬇️⬇️🤸🏼‍♀️🤸🏽‍♂️ I have been watching Litecoin action on the short term time charts. I am noticing a very possible Head and Shoulders pattern forming 🐻 If this plays out we will see price drop to some of my projections, with 106 being the lowest for now😯🔥 This could happen pretty quickly if we don't stay above this support area of ~120-123. Litecoin has been very bullish compared to other cryptos in the market for the last couple of days so if we catch support here then this projection is invalid 🙂 Thank you all for coming today and Happy Holidays Good day As always 🛑‼️ This is not financial advice, please trade at your own risk with caution 🛑‼️ ☯️ jazerbay
Short
by jazerbay
FMC Technologies | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # FMC Technologies - Double Formation * A+ Set Up | Triangle Bias At 18.90 | Subdivision 1 * Retracement | 0.5 & 0 | Continuation & Ranging Template - Triple Formation * Neckline | Visibility At 23.90 & 22.55| Subdivision 2 * Pattern Structure | Left / Head / Right * Retracement | Uptrend Bias Entry Area | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:FTILong
by TradePolitics
Soybean Oil - Unveiling Insights Beyond the Common PerspectiveAnalyzing Soybean Oil CBOT:ZL1! on a monthly chart, my focus is on WisdomTree Soybean Oil LSE:SOYO on the LSE. Here's the rundown: Bullish Surge: Prices skyrocketed by 281% from 2020 to 2022! Pullback: A retracement to the 61.8% Fibonacci level occurred from 2022-2024. Pattern Alert: Spotted a classic Head and Shoulders, key for forecasting. Despite the crowd's bearish interpretation of the H&S pattern, I'm not betting against this market. I'm a bull right now in this long-term bullish trend. That said, I'm not predicting an eternal rise. While I'm optimistic, managing risk is paramount. Always room for error, but I'm ready to take the bull by the horns.
LSE:SOYOLong
by VineyardWave
The last bullish chance of ADA in Short term!Cardano managed to break two ascending patterns a few hours ago, as you can see in the chart. Now, the price can drop to within the triangle to liquidate traders' positions, and I have identified the support point. However, it should not be forgotten that the price can easily go up to $1.23. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
25
CHZUSDT: Is a Major Bullish Reversal on the Horizon?Yello Paradisers! Are you ready for what might be a big move in CHZUSDT? It’s starting to show some strong bullish signals, and missing this could be a mistake. 👀 💎CHZUSDT has displayed a Change of Character (CHoCH) along with a Break of Structure (BOS), pointing towards a bullish market structure shift. Additionally, the formation of an Inverse Head and Shoulders pattern is further boosting the probability of a potential bullish move. 💎But here’s the crucial part! If CHZUSDT breaks out and closes a candle above the resistance zone, it will validate the pattern and increase the probability of bullish move. 💎In case of a pullback, we’re looking at the strong demand zone as a potential bounce area. However, we’d prefer to wait for an Internal CHoCH that realigns the market structure into bullish territory before making any moves. This confirmation would enhance the probability in our favor. 💎On the flip side, if CHZUSDT breaks down and closes below the strong demand zone, it would invalidate the entire bullish setup. At that point, it’s wiser to step back and wait for a clearer price action to develop. 🎖Patience and discipline are key here, Paradisers. Wait for the best setups, and don’t rush into trades without solid confirmation. Trade smart, and stay ahead of the crowd! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
LTCUSDT Breakout: Are You Ready for the Next Big Move?Yello, Paradisers! Have you been watching LTCUSDT lately? If not, it’s time to pay attention because things are heating up fast! 💎LTCUSDT has broken out of a descending channel and is now forming an inverse head and shoulders pattern, a classic bullish signal. 💎If LTC can break and close a candle above the resistance zone, this will confirm the pattern and significantly increase the likelihood of a bullish surge. 💎Now, if we see a pullback, watch closely! A potential double bottom could form at the support zone. For safety, though, waiting for an I-CHoCH (Internal Change of Character) to confirm a shift back to bullish market structure will increase the probability in our favor. 💎However, if the price breaks down and closes below the support zone, this invalidates the bullish setup completely. In this scenario, it’s smarter to wait for clearer price action before making any moves. 🎖Patience is key here, Paradisers. Don’t rush into trades—wait for clear confirmations to stay on the right side of the market! Stay sharp and trade smart. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Quant’s big green candle today coincides w/ its goldencrossJust like so may other alt coins around the market, Quant exploded upward on the day of its golden cross as well. There’s a slight chance t could pull back from here in which cae then it could possibly form a right shoulder of a potential inverse head and shoulders and give people a chance to enter in lower before the next leg up, or it could just keep pumping right through this current tan colored resistance line and continue up to the purple neckline of it’s massive double bottom pattern. Ether way whenever it flips that purple line to solidified support,the breakout target can send Quant all the way back up to its old all time high, likely making a new all time high in the process. Looking forward to seeing where this one goes. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
GBP/AUD: Downside Bias Intensifies Amid Completion of Head and STechnical Analysis The GBP/AUD pair currently exhibits a downside bias, underpinned by the confirmed head and shoulders pattern. If buyers fail to overcome resistance at 1.95451, further declines towards the outlined support levels are likely. Key Events to Watch While Tuesday does not feature any major scheduled events specifically impacting GBP/AUD, market participants are closely monitoring Wednesday's release of Australia's economic growth data and the United Kingdom's Purchasing Managers' Index (PMI) figures. These data points could significantly affect volatility in the pair, particularly if the results diverge substantially from consensus expectations. Read the full article on our website: erranteacademy.com
Short
by Errante
HBAR responding bullishly to its goldencross just like Algorand We can see here how Hbar is immediately responding to its golden cross and finally breaking above the inverse head and shoulder pattern it’s been consolidating in right at the moment of the golden cross. Here is the algorand goldencross for comparison: Countless other charts have had this same reaction since the parabolic phase of the bull run and I wouldn’t be surprised if it continues. *not financial advice*
BINANCE:HBARUSD
by DrDovetail
Plenty of upside left in HBARUSD even after massive 55% pump HBAR had a huge breakout today and shot way past the breakout target of the previous patter it had ust broken upward from. In doing so Price action is getting very close to completing the right shoulder of a much bigger inverse head and shoulders patter here. Should it trigger the breakout of this attern we ca see that the measured move target for it would be over 120% gains from where price currently is if it were to reach the full target. It may take it a second consolidating just below , or back &forth a little above and below the neckline of this pattern before it triggers the breakout since it just had such a massive pump, however it could just maintain the current momentum and plow right through that neckline without stopping for much of a rest. The most import support to watch for at the moment is the weekly 200ma(in blue) as long as it can flip that 200ma to solidified support then odds are good it will confirm the breakout from this invh&s pattern to too many candles after that. Also considering the total2 chart looks like it will confirm the long awaited breakout from its cup and handle patter soon, that increases the probability that this new bigger invh&s on HBAR wll be confirming its breakout too sooner rather than later. *not financial advice*
BINANCE:HBARUSD
by DrDovetail
1
Avalanche / U.S. Dollar | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Avalanche / U.S. Dollar - Double Formation * Neckline At 29.6000 | Short Set Up | No Trade * A+ Set Up | Long Bias | Entry At 6.00000 | Subdivision 1 - Triple Formation * 012345 | 3 & 4 | Wave | Subdivision 2 * Retracement | 1 & 0 | Uptrend * Long Bias On Hold | Daily Time Frame | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:AVAXUSDLong
by TradePolitics
BTC morphs into an even bigger pattern, with a target of $106.6KLast week, we highlighted a small triangle pattern that triggered, but the price retraced to the entry level. Examining today’s price action and focusing on price points from November 22nd, an inverse head-and-shoulders pattern appears to be forming. This suggests that a break above $98,265 could lead to a rally toward $106,646 per coin. Alternatively, it might be a larger triangle pattern, but the price target and breakout potential would remain the same. The right shoulder, however, may need more time to form, potentially causing increased volatility, particularly in alt coins. These could see a dip if BTC tests the trend line connecting last week’s low and the lows of November 13 and 15. The best strategy with these patterns is to wait for a breakout, which minimizes stress and improves decision-making. For those comfortable with the associated risk and stress, there may be opportunities in the range between the lower boundary of the pattern at $92,528 and last week’s low of $90,994.95. Ultimately, the question is: from which level are you willing to take on risk, if any? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BTCUSD
by ThinkMarkets