ATHM - inverted H&S (bullish)Broke above neckline on strong volume on 31 May and has been consolidating for the past week. Expect furthe upside in the coming days with target of around 50.00 (trail stops up)
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Inverse
$UVXY 24 hours max! in and out 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team purchased shares of Inverse ETF $UVXY this afternoon. This set-up will challenge our 1-hour chart abilities.
Our first take profit is set at $18. Our take profit 2 at $20 may or may not get hit. We have also set an automatic stop-loss at $14.25.
ENTRY: $15.50
TAKE PROFIT 1: $18
TAKE PROFIT 2: $20
STOP LOSS: $14.25
If you want to see more, please like and follow us @SimplyShowMeTheMoney
SARK The Most Profitable ETF !!If you haven`t bought SARK at the beginning of this year:
Then you should know that SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own.
The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other period.
Looking forward to read your opinion about it.
Short-term technical upward move likelyThis is a short-term trade. On the technical side, we've got the following things that make a bullish move more likely:
According to seasonality, in the last 15 years, only in one year went the price down within the timespan from the 7th of May until the 23rd of June. So, it's a bullish time for this stock according to seasonality.
The prior inverse H/S pattern got broken; the price went up, came down, and tested precisely the neckline yesterday.
A clear hammer candle formed yesterday.
AGLOUSDT is creating an inverse head and shouldersThe price created a double bottom on the monthly structure on the Monthly support. (0.68$). After the bounce, the market had a breakout from the dynamic daily resistance.
On the 4h timeframe, the price is creating an inverse head and shoulders. the neckline is on 0.77$
How to approach?
the price needs to confirm the right shoulder and create a new breakout from its neckline. IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
KCSUSDT is ready to go higher! 🔥
KCS is on flames! From my previous idea,() the price had more than 12% and now it testing the new resistance after the breakout from the descending weekly channel.
Now the price is testing the previous resistance as new support.
How to approach?
We are waiting for the new breakout from the 22$ level and if the price is going to satisfy our rules, we could open a new long position. Next resistance is on 23.5$
What's new on KCS?
The Burning Program is a bullish event!
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As the KCS whitepaper was released, the new era of KCS is dawning.
With the vision of "from geeks to mass adoption", KCS is building a
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KCS will connect the world of both centralization and decentralization and will
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BTCUSDT is creating an inverse head and shouldersBTCUSDT: The price got a rejection from the weekly resistance on the 46k as I said on the previous analysis. On the daily timeframe (the upper one) the price is creating an inverse head and shoulders and its neckline is the 46k key level.
On the 4h timeframe (the lower one) we can see a Pennant pattern, and the price is testing the static support on 0.5 - 0.618 Fibonacci level.
Usually, when the price is in the accumulation phase below an important structure we will see a new breakout.
How to approach?
We are monitoring the market and will wait for a reaction on the 0.618 Fibonacci level (43k). we could see a deep retracement until the lower trendline. If the price is going to lose the dynamic support the next valid support is 40k.
IF the price is going to have a breakout from the pennant and a CLEAR breakout from 46k, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BITCOIN 4H Inverse Head and Shoulder Bullish PatternBitcoin is forming an H&S pattern which is a bullish pattern. Currently, the market is at a standstill and is waiting for US Markets to react to the Russia-Ukraine Situation. A fundamentally strong event is happening internationally which can shape the markets for months to come if a war happens, the best strategy for me right now will be to wait for the market reaction to the to-be or not-to-be war.
From a technical analysis point of view Bitcoin has taken a healthy correction and a point of $40,200 is still not a stretched out possibility as it will liquidate a lot of long positions and that is always a good signal for a good Pump, accumulate alts at sale and stay out of leverage
failing double top or continuation (UVXY)if we fail the double top, and break 18.34 confirming a downtrend with a lower high, or immediately continue bear vix, im fine with selling volatility here.
if we immediately continue over 19.17, or we set a higher low over the .382 of the bounce and break the high i would stay long vix for the time being if multiple sectors are continuing to make new lows simultaneously.
vix looks like such a tempting bull trend on many larger timeframes. the weekly is shaping up to be a great reversal from lows, but indices also look equally extended though to the downside.
Coinbase - iH&S early look - CPI EditionNQ1! continues a low volume consolidation with resistance at the 5 min MBB. Coinbase found support below the active channel .35, and defined resistance with a double-top at the .649. Scouting a reversal pattern, and a confirmation via back-test in the event we have set a 4 hour Lower High. All eyes turn to Friday's CPI with estimates ranging from 6.6 -6.9%
BTC - 1.618 Pattern Break Target Back-TestAfter the period of Daily Consolidation, BTC went vertical to the upside. The Inverse Head and Shoulders is purportedly, according to online source that claim to track pattern stats, the most reliable post break. It is my all-time favorite due to the parabolic nature, perhaps the combo of buying and covering that occur, fueled by the confidence in the bulls of the right shoulder higher low. Once BTC made it through a bit of congested zone of multi-necklines it was off to the race. The 10 Year Note also found a bid, adding 1.65% to 1.48. Bond and BTC - ride again.
LONG GoldI'm looking to get into SAND December calls.
~Gold Is looking really good and going off of past history, end of November is a big run for gold and silver.
~SAND has a nice looking inverse Head and shoulders going on.
~SAND also bounced off of the long term support
8 Bucks is my PT, as that will have the most resistance. I will also be watching if it breaks out above the resistance line.
TRIAS Inverse Cup and HandleTRIAS had a good run and inevitably pending a much needed correction before reaching ATH.
Charting
The cup is completed and might form a handle before a correction back down to the next strong support. Using the depth of the cup, we can see that the price might drop to between 14.79 to 14.97.