ATOM Cup & HandleA beautiful Cup & handle detailed here.
Broken the neckline.
Should test the neckline again and with support we go up
Neckline
Ankr Moontides SeasonTraders if you have been wondering what is going on in the market. Hyper Inflation ... aka wave 4/5
- Hyper Inflation empirically happens very fast.
- Research news about the current federal reserve situation.
Chart
- Double Bottom formation pattern.
- For a double bottom formation to be complete it must first must make a higher low.
- Second, make a higher high
- Third, break previous resistance neckline in fashion.
What is there not say about Ankr. Cross Chain pioneer.
USD/CAD Technical AnalysisAs can be seen on the daily chart, prices have broken the bearish trendline and also a cup and handle pattern has been printed. Both the trendline and the neckline of the pattern has been retested and now it is time to enter for a long position with a take profit target around the 1.29 area.
CHR upside continuation?CHR is just under the neckline of that big cup and handle (you can find it on my previous CHR chart). The neckline is at 0.46464, breaking that could lead us to a possible big move upside... You could watch that RSI trendline breakout as a confirmation method also... Set your alarm for this one. Could bring a nice profit...
EURO/USD Technical AnalysisThe break of the head and shoulders neckline and retest has been completed. I expect a bearish move in the coming weeks all the way to 1.10 on EUR/USD. The road is long in terms of time, trade at your own risk.
BTCUSD Double Top is forming and only after that dump is ahead As we can see the price was bounded here for about 2 days and in lower timeframes, it is creating reversal patterns like this double top if the price sees some more correction and break this local support and neckline then a huge fall is ahead.
price need to retest Fibonacci levels and at least 0.38%.
Targets and supports ahead :
A. 42500
B. 40000
C. 37300
DISCLAIMER: ((trade based on your own decision ))
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Golden Cross & Kumo Twist FET/BTC #FET $FET #FetchAIHere we see our FET daily chart with that beautiful pump from yesterday . The neckline ( in red ) of our Adam & Eve Bottom has been hit and once we can consolidate for further upside we should hit that 1900 area which was the target of the Adam & Eve bottom. But also notice there are some other bullish indicators right now on this chart . We have a small Golden Cross happening with our light blue 50 MA line crossing up through our dark blue 200 MA line - and that should happen later today.And we had a Kumo twist on our Ichimoku cloud which has now gone from red to green. Everything is looking great with this chart ! I'll do an updated Gann Fan chart for FET very soon . Because FET has really been respecting it !
My Adam & Eve bottoms idea is linked below . Thank you !
AUDUSD SHORTAfter moving from consecutive higher highs and higher lowers, we have a lower low and a lower high. The lower high flipped just about the 61.8% fib level, and then we see the formation of a Head and Shoulder pattern, While waiting for price to break and retest the neckline, we also expect it to gross below the 52 period SMA for us to enter into the short.
Bullish- Inverse H&SSolar sector has shown some nice relative strength compared to the broader markets over the past few weeks- NOVA, Inverse Head and Shoulders formed (Orange Dotted line- Neckline), EMA's all starting to curl upwards, buyer volume picking back up again, MACD cross to close on Friday. Definitely bullish and will be looking for a breakout from here.
WTI: Weekly Forecast 18th July 2021WTI has a rollercoaster ride last week as it tumbled around 6 dollars but managed to fully recover and ended with a small gains.
The selloff is largely due to the OPEC+ effort to increase oil supply to stabilize the oil price but still, it has been outweighed by the growing inflation expectation globally.
However, there was some significant breakout of the bullish structure such as the breakout of the bottom of an 8-month rising channel and a strong rejection from the major equilibrium level 77.
As such, we might experience a period of ranging market between 77 and 65 for another couple of weeks.
This week, we will first look for selling opportunities since the price is currently at the upper band of the current range and may face rejection at the current neckline level as well as the bottom of the previous rising channel.
However, we still maintain a overall bullish view for the simple fact that inflation will continue to rise amid a global recovery from the pandemic.
XLE Head and Shoulders Top?AMEX:XLE has formed a head and shoulders top. It broke the neckline on July 7 and today it failed again after retesting the neckline.
Looks like a good shorting opportunity.
AUDJPY, H1 - HSH pattern with clear neckline supportRight arm of head and shoulders pattern is in progress. Breaking neckline support level will confirm the pattern
Bullish- Long PlayAfter consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run up to ER. Both previous price targets hit (see previous chart), undoubtably a long-term play, should provide multiple good entries. Bullish
PT1- $274.79
PT2- $283.67
PT3- $290+
Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish .
PT1- 260.77$
PT2- $270+
(Boxes are RSI based Supply/Demand zones)
ASX:AGEPenny stock play.
Here we see a head and shoulders pattern, with the right shoulder about to test the neckline.
I will be watching closely for this to happen, and hoping it breaks above the right shoulders downtrend line.
I have drawn in where I think would be a good buy in for this trade.
DYOR
BNB Head and ShoulderBINANCE:BNBUSDT
If you look closely at the pattern on the head and shoulders, you will see that the price is up
It has reached the neckline and even penetrated
But did not complete the price on the pullback neckline
You can consider the neckline as a resistance
Take that the price can go well after that failure
Be
Bitcoin, H4 - breaking neckline should cause some move upAfter huge rejection of 30 000 level, price makes inverted head and shoulders pattern. Breaking neckline needed as confirmation.
USDCAD, H1 - inverted HSHInverted head and shoulders pattern should bring some move up after breaking neckline
USDCHF, H1 - Potential head and shoulders patternBreaking neckline should cause some corrective decline
Gold: Weekly Forecast 20210620Gold fell through multiple support last week and marked the biggest weekly loss in 15 months.
Almost every forms of support, from a 3-month rising channel to the equilibrium level at 1860 to all the moving averages, have been broken.
As of writing, the gold seems to have found a bit of support as it's ultimately way oversold in the short-term, and thus an opportunity to possible buy into a potential pullback.
The bigger picture, however, remains the same as inflation risk looms but the short-term sentiment is pointing towards a strong recovery in the dollar and thus demand fell for gold.
This week, we will look for signs of rebound to buy into the pullback and target 1813, where we will then look for an opportunity to sell, aiming for the neckline level at 1750.
💥MATICUSD - TO SHORT TO $1.48 AND LONG TO $1.92Right here is an inverted head and shoulder pattern.
This pattern is an idea of what MATIC price layout is currently doing. There's a neckline at $1.73 serves as a major resistance for price to break to confirm a good buy to $1.92.
As price is unable to break this neckline, I expect price to fall to $1.48 to form the right shoulder before rising back to the neckline at $1.73.
If price is so fortunate to break this neckline, then we are certain of a good buy to $1.92.
What do you think?
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ALGO - Wait for the BreakoutMany are expecting another crypto flash crash soon and there has been a lot of selling pressure.
However, I believe a strong support has been established as buyers continue to accumulate at the $0.80-$0.85 range.
Both the range and standard deviation have narrowed which typically precedes a breakout.
This tug-of-war between buyers and sellers has created a triangle pattern in which the final breakout will cause a large swing in the market.
If we see a breakout above the local descending resistance, we will likely see a retest of around $0.94
If so, I will look for buy setups on the retest.
Let's see what happens!
Shorting Gold XAAUSDI am looking to short gold.
Originally price found support at the monthly/weekly support/demand zone.
Price ultimately formed a double bottom.
I was expecting price to meet resistance at the neck line (which is also the daily resistance level), and it has.
Since price fail to break through the neckline, I am expecting price to retrace to the 50.0-61.8 fib level, where it will then gather more momentum then look to make another bullish attempt.
