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Invertedheadandshoulders

potential inv head & shoulders could double ADA's current priceCardano has been taking a bullish upturn recently along with much of the alt market. . .but if it can trigger a breakout of the current inverted head and shoulders patern on it's 1 day chart, it still has the potential to double its current price. Current 1 day stochrsi is alreeady over extended so it may meet resistance for a few days or so at the neckline before finally breaking upward but considering its had its golden cross sustained probability is inf avor of a validated breakout before too long. target 17-18 cents.
BITTREX:ADAUSDLong
by DrDovetail
1
Possible Future Scenario for BitcoinWe’re approaching a weekly resistance (ichimoku red cloud) Bitcoin could drop significantly or move sideways for the next 6 month. I see us going back to around $5000 test it and make it an ultimate support and move up from there. I think we need a good drop for a good and solid bounce back. I have also notcied what it looked like an Inverted Head and Shoulders in the making on the monthly BTC chart If you agree with my analysis/prediction please like it. If you disagree please share your thoughts in the comment section. Thanks and good luck in your trading. My previous Scenarios: May 8th May 7th March 29th
BITFINEX:BTCUSDShort
by ByteBen
2
Buy CHF/JPY Reverse Head & Shoulder PatternThis reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out! Trade Details : Entry : 107.950 SL : 107.800 TP : 109.000 Join my FREE trade signal group on telegram & make profits with me now! Link : t.me
Long
by A1Investments
USDJPY short W1: We are in an impulsive move after the retracement of an uptrend D1: We have an inverted H&S at a psychological level (112.00) which is also a strong Sup/Rez zone H4: We can clearly see a couple of Shooting stars/Hanging man candlesticks which mean that price is retesting the zone but never closing above it So my view is that price will go down till Fib 61.80% level which is also a previous support zone plus keeping in mind that it is a confluent zone between: (a lot of confluence) -Fib 61.80% -D1 trendline -W1 trendline -previously tested support zone
Short
by YerwantKansabedian
1
EW ANALYSIS: USDJPY Remains BullishHello traders! Today we will talk about USDJPY! After a big three-wave A-B-C corrective decline in March, USDJPY made a nice five-wave recovery that can be a signal of a completed correction within ongoin uptrend, especially after that possible inverted H&S pattern and intraday W-X-Y corrective pullback. So, if continues higher back above 111.60 region, then we can confirm a bullish continuation within wave 3 back above 112.15 area and higher! However, in case if goes more complex, we remain bullish as long as it's above 109.70 invalidation level! Trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
5
ADABTC completes 1 day golden cross/picture perfect ih&s patternWe can see here on the 1 day ADABTC chart that the price action is responding quite bullishly to the recent 1 day golden cross. Also we can see a picture perfect inverted head and shoulder pattern here which cardano has just now broken above the neckline with good bullish volume to match it. There is still a slight chance at a fakeout here but we should know by the next 1 day candle if this is a legitimate triggering of the inverted head and shoulder pattern. With the volume confirmation here probability favors a breakout more than a fakeout currently especially coupled with the recent golden cross and so I'm listing this idea as long. We also have talk of cardano being added to the ledger cold wallet and cardano also being next up to be added to coinbase...the coinbase rumor is not as solid as the ledger speculation but both are certain to be impacting price at the moment. If the ih&s breakout is triggered I have put a projected breakout price target here in green.
Long
by DrDovetail
XRPUSD may finally be triggering the ih&s breakout; target= .40I had anticipated the breakout point being right where this dotted green trendline converges with the neckline of the inverted head and shoulders pattern over a week ago so it's cool to see it finally playing out exactly how I anticipated....of course this could be yet another fakeout...we need to see the price reach at least 34 cents first to be comfortable that it is a legitimate breakout. Also need to watch for a good amount of bull volume.
BITFINEX:XRPUSDLong
by DrDovetail
USDCAD Inverted H & S SetupPossible setup with an inverted Head and Shoulders. I normally would like to wait until a retest of the neckline breakout but I've entered this one a bit early with so much support from the 200 SMA on the daily as well ass channel support. Also Oil trading into resistance after a significant runup. I also believe the fundamentals in the Canadian economy will start to show cracks leading up to the fall federal election. While some of the data in the US economy may also be showing signs of weakening especially after the government shutdown, the other currency alternatives are not much better. I'm expecting broader USD strength against most currencies even in light of recent dovishness. The eventual target is around 1.36 which would be a retest of the late 2018 highs.
Long
by hullzy