Reverseheadandshoulders
ELA elastos on the move ...over $3 seens $3.45 then $4 ELA elastos on the move ...over $3 seens $3.45 then $4 Education only not advice
$GLXY - Novogratz Fund + Crypto RelatedIf you believe in Mike Novogratz who runs the Galaxy Fund and you if you believe in Crypto long term. This name should work out. I am long since $1.28 and again at $1.75. NOT ADVICE
RAKUTEN - JPY amazon type co. -CryptoRakuten - JPY amazon type company, accepted crypto when this thing was at $7.75 USD....It has broken out now and shoudl head to $10.50 USD easily on the reverse HS, IMO. Other things going for it is that JPY is a crypto friendly country (by far) and now people can pay in crypto on this site. More to come, as long as Bitcoin/ETH keeps moving up. Rakuten will too, NOT advice.
DAX updateShort as a bounce of the trend line and long option on the retest of support level or break of the trend line. With US open today after bank holiday, high volatility is expected. MPO of reverse H&S still not finished.
NZDUSD reverse head and shouldersRSI divergence, right shoulder could be forming now, so could get early on smaller time frame before break of the neckline.
WTI, reverse H&S formingSo based on oil movements lately we might be starting to form a reverse patter. Reverse H&S could start the next uptrend this year.
Bitcoin Reverse H&S ConfirmedEngulfing candle confirms bitcoins short term rally and time to setup distribution targets.
Short Term Distribution Targets
Target 1 : 4093 USD
Target 2 : 4370 USD
Target 3 : 4648 USD
Target 4 : 5043 USD
Stop Loss : 3340 USD
Good Luck.
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DAX weekly updateAfter spinning top candle the week before, price bounced higher and from 30 RSI level. On smaller time frames, a good opportunity for a short with good risk when we test the broken 11000 area again. While MPO of H&S is not complete, we could watch for a potential reversal forming if markets are to start a rally as it sometime happens in January when everyone gets optimistic about a new year.
50% Target Ascending Triangle on XRP unfolding mid JanuaryXRP/BTC is showing a high ascending triangle that raised the price a 130% from 4350 to 10150 satoshis. The chart also show a cup and handle within the triangle. Estimating a target for both patterns differs among analysts but I chose to take the absolute height of the triangle which is around 5050 satoshis. Adding that to the price of the top of the triangle gives the target of 15200 satoshis.
Moreover, on the weekly chart, shown below, a reverse head and shoulders is shown. But I won't call a target on it because of the volatility of XRP. .
My stop loss would be at the second highest low of the triangle at 8888 satoshis.
BTC within a chance for a inverse head and shoulders pattern.Hi all,
Been absent for a while watching whats been happening.
In my last post all those months ago I got caught up in the hype of everything. Now after taking some time away to learn and reflect on it all, im back with a fresh perspective and analysis.
A inverse H&S pattern is starting to emerge from the charts. This doesn't by it self indicate a trend reversal, it does however suggest it. Ina few days when we test the neck line we may see BTC regain some lost territory.
I doubt that will be back to the giddy highs we saw this time last year. But a swift shot up to test 4200-4350 where a small line of resistance will form, through that to meet heavy resistance at 5k. I wont estimate past that as it would be foolish.
To look for will be how BTC behaves in the next few days. If it can complete the reverse H&S we may have an opportunity to go long. Until then I would hold off and keep what you have in fiat.
Post your thoughts and question below guys, ill answer any points you have and am always open to debate if you disagree with anything i have written here.
Remember though folks, this is not financial advice and any trades you take are at your own risk.
I, like all traders will be watching BTC and will take positions accordingly.
Stay frosty,
Moglli, out.
BTC/USDT Reverse H&SBTC have 3 levels to complete H&S's right shoulder and return to bull movement!
3647
3540
3400
if the daily candle closes below the last one, reverse H&S will fail.
Nerolac, Reverse Head And Shoulder Complete With Probability of Stock can go in both direction, the advanced charts patterns will capture the move and will give the retraced targets, entry can be done on completion of the cypher pattern's D point for normal targets of 50-61% retracement from D. Extended target of 127% from left shoulder (Of H&S) and Previous Structure High repectively
EUR/USD Technical Analysis–Reverse Head and Shoulders Pattern?
EUR/USD could reverse on potential reverse head and shoulders pattern.
RSI is indicating a divergence that needs to be completed by a price breakout.
High volume on the right of the pattern is supportive of correction thesis.
Read more...
EURUSD H4EURUSD looking like a textbook completion of a reverse head & shoulder pattern, however I would rather wait for it to continue down to the support level marked in black for my entry
ENTRY ---> BLUE
SL. ---> RED
TP. ---> GREEN
EURUSD Long P/S There was ONLY 3 subwave ( abc ) inside any Impulsive 1,3,5 wave instead of 5....... Use your preferred mechanical system for your entry confirmation ...enter from lower Time Frame than the chart setup .. E.g ADX . . DM crossover etc... STOP LOST will be previous swing point after the entry signal generated by the mechanical system.
Ripple formed reverse head and shoulder to the moon!so ripple has formed typical reversal H&S today as you can see i drew it on the chart.
however,there's one thing bothering from the "moon" of ripple which is the dip of bitcoin.
Mostly altcoin and bitcoin movement reveals some correlation so is ripple's price action.
so we should look at the movement of bitcoin at the same time inorder to make sure the ripple gonna "moon".
In my perspective though,bitcoin also gonna get bull stage since bitcoin has formed reversal H&S.
so personally i already have bought ripple and hodl it till it reach 88$.
i'mma make loss cut in case the price drop down to 0.42$ish where the edge of reversal H&S formed.
adios.
EURNZD reverse H&SNZD has been really strong, now approaching a major daily trend lien and forming reverse H&S on 1 hour chart, RSI divergence present.
EURUSD long opportunityConfirmed 3rd touch on the line connecting the lows. Now price seem to be forming a H&S, potential reverse to retest broken level 1.13. RSI divergence. A long through a break of the down trend line or wait for the neckline
