Hey everyone! If you find this analysis valuable, please consider giving it a thumbs up and following for more content. BONK is forming a potential inverse head and shoulders pattern. A confirmed breakout above the neckline could signal a significant price increase. Here's what to watch for: Breakout Confirmation: A candle close above the neckline strengthens...
Simple Trading: Slanted Inverted Head and Shoulders pattern. Analyzing Bitcoin, we can clearly see a downtrend that has reached the top of its trend zone. At this point, two scenarios are possible: either a breakout of the downtrend, signaling a return to the macro bullish trend, or a continuation of the downward movement, resulting in a false breakout.
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
Hi Guys! As always i try to bring ideas that catch my attention on the macro timeframes. The one that got my attention is Coinbase (COIN). Ive been tracking coinbase for some time now, ever since i discovered the Inverse Head and Shoulders pattern. (Ill be putting the link to that idea and others related to COIN below. This current analysis will be assessing...
Observed massive rally after the effects of the CPI report that surge BTC price past 6% and followed by other major coins. Now, I will tackle the possible BINANCE:DOGEUSDT breakout after the rally on the almost 2-month diagonal resistance trendline along with an inverse head and shoulders, a bullish pattern since the coin is on the downtrend that can be a sign...
💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday. 💡 Bitcoin seems to be completing a pullback right now. 🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 . 📈In terms of Classic Technical...
Bullish because red channel breakout with kickback. Bearish because green channel breakdown with purple channel head and shoulders. Good chance it goes up to ~81 to retest neckline before going down to 75 h&s price objective, possibly 70 major uptrend support, or just goes up period. Bullish bias to start the week, need more data beyond that.
In this chart of BINANCE:BONKUSDT , the coin is forming a head and shoulders pattrern, citing a possible bearish move for the coin on a day trading perspective. But why am I bullish for the coin? More details on the idea thread below.
Prop has technically already completed a right shoulder and currently has a decent sized green candle above the neckline. That shoulder is extremely small and disproportional to the rest of the inverse head and shoulder pattern, but I’ve seen even uglier looking versions of this pattern get validated so it is quite possible we could see it validate on the current...
BTCUSD has printed an allbeit slanted yet very nice inverted head and shoulders that has retested and played out perfectly so far. The measured move coincides with multiple high time frame short liquidation levels (Not marked on this chart) with the biggest level being a 6 MONTH high volume liquidation level at $74,045. This strong of a #shortsqueeze could easily...
NSE:SAIL has formed Inverse Head and Shoulders in weekly chart and has successfully given breakout from Triangle taking support from 0.618 Fibonacci and if we check weekly chart it has also broken Ascending triangle pattern. With current Fundamentals and Technicals NSE:SAIL looks strong and ready for one leg up around 160 and 180 in next few months and...
If silver is moving up, the largest producer of silver should benefit and its price is close to a key support level. So odds are its price plays catch up to the new price of silver.
After hitting a new ATH around 73k, Bitcoin re-tested the weekly close from its April 2021 high: It initially lost the 50 day EMA during this re-test, then the weekly candle bounced from this level, as the daily TF formed an HSi around the same area. This led to a recovery of and bounce off of the 50 EMA upon the re-test of the HSi's neckline. If Bitcoin...
According to the drawing, the right shoulder is being completed
Weekly= Bullish Daily= Bullish 4H= Bullish 1H= Falling Flag Pattern = Continuation Pattern 30 min & 5 min inverse head & shoulders. Expecting price to respect both patterns and continue up. First TP level around 18664.
Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the...
GBP is looking good across the board. I think in this case the inverted HS is not done, this is just a retest. Very low risk on this trade and good reward. The pair just landed on a support area (broken resistance) and looks that is going to accumulate and then bounce up. SL triggers is the support is broken by a weekly candle.
We have everything in place… A double bottom A channel down breakout An inverted head and shoulder forming out