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Invertedheadandshoulders

XRP/USD - Short Term Price PredictionHello all, XRP/USD appears to have broken out of an Inverted Head & Shoulder pattern. Short term target is 0.54. This is just a near term target and I am expecting XRP to rally much higher. I will be looking for a series of bullish patterns and waves to be forming in the coming weeks to provide added confluence. Do follow for further updates. Feel free to leave a comment on where you think the price will go. Thanks for looking, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
BITSTAMP:XRPUSDLong
by BeyondEdge
7
Ascending Triangle breakout for TRIL?It appears as though TRIL is breaking the horizontal resistance of the ascending triangle, only modestly at the time being. The two green lines are the shoulders of an Inverted Head & Shoulders, and the blue head is obviously the head of the pattern. On the RSI there's a bullish flag or descending triangle forming, I guess we will see if there's enough momentum to break through the downward sloping resistance, and possibly back test turning into support like I have drawn hypothetically in green. A bearish cross already happened on the KST, it looks like a bullish cross is on the horizon. Clearly a divergence between the price rising and the RSI moving moderately sideways.
TLong
by ScotianBot
EURGBP bounce over a weekly resistance🦐EURGBP after breaking below the descending channel found support exactly over a weekly support. The price bounce and created an inverted head and shoulder. IF the price will break above the neckline we will set a nice long order according to Plancton's strategy- ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
2
Potential Ascending Triangle on the S&P 500Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern. Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support. EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern. Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
OANDA:SPX500USDLong
by ZenMode
Bulls Losing Strength Mid-Day on SPYThe bulls failed to capture 338 which had become an important intraday level for them. After rejecting for the 3rd time, that's all the bears needed to hop in. Since then the bears have maintained their control but they have work to do if they want to take us negative for the day. Price action will likely remain volatile through close but I don't expect the bears to have enough in them to take us negative before close. Right now the market is looking like its favoring a Trump win. I am completely unbiased and my assumptions are purely based on price action of the market, commodities, and currency. So far it's been Solar having the hardest time trying to understand what it wants to do. AMEX:SPY
AMEX:SPY
by jakelikesstocks
1
Bulls Are Showing Up on Election DayToday we've seen an impressive case for the bulls on that last day of the Election. This has been a great performance from the bulls as they continued to push price higher and higher with little resistance from the bears until we hit 338, about an hour into market open. Bears gained a little control as bulls rested and look to be preparing another rally, trying to break through the 338 resistance. I'll update this chart throughout the day as we head into one of the most important elections in our history. AMEX:SPY
AMEX:SPY
by jakelikesstocks
3
Dollar Inverted Head and Shoulders into Possible Cup & HandleHere we have several bull patterns on the dollar futures. First we established and broke out of a bull pennant, Then we moved onto another bullish pattern, inverted head and shoulders, and now we've developed a cup. Is this a handle that formed on the cup? Whichever way you look at it, this is very bullish price action on the dollar. What I'm looking for is the price to break through resistance and into the blue channel while flipping the resistance into support and ultimately capturing the top of the blue channel. ICEUS:DXY
ICEUS:DX1!Long
by jakelikesstocks