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CHFHUF Head and Shoulders Forming at Major Resistance?On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart .
A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup.
Thanks for reading and feedback is welcome!
Wesley
NZDUSD buyHas broken out of a falling wedge and is forming a sort of head and shoulders, there has been a major rejection from the EMA on a 1 hour time frame which is also a trend line point.
if xrpbtc triggers this inv h&s pattern doublebottom very likelyI dont see the 1 day 50 ma (in orange dipping lower than this horizonttal red support line before the bottom is confirmed on xrpbtc. I expect it to start making gains against btc once the golden cross s confirmed.
ltcbtc chart at a cross roads.We can see LTC had a very ncie pump against btc after its ltcbtc golden cross occurred on the daily....it has since corrected and appears like it may have a chance at triggering a cup and handle pattern...however the threat of a 1 day ltcbtc death cross quickly approaches. If the death cross is to materialize this cup and handle pattern will most likely fail...and on the flipside validating this cup and handle pattern could help prevent the death cross...so for now against btc ltc is at a cross roads and could easily continue either way, For this reason this idea will remain neutral.
LTC has an opportunity to reach $179 if it confirms daily c&hLooking very bullish breakout should likely be confirmed soon enough. This is essentially just saying the same thing as my march ltcusd chart says, except now the handle of the cup and handle is not only an inv H&s but a smaller cup and handle itself as well.
TRXBTC not looking as bullish as TRXUSDIt appears we will bullishly trigger/break an adam and we've double bottom pattern on the daily on the trxbtc chart however we must keep in mind tha since we recently had a deathcross on this chart more losses against btc are anticipated after it hits its breakout target. I assume it will get rejected back down from the 1day 200ma resistance and be bounced back and forth between it and the 1 day 50ma(in orange) as support a couple times before breaking under and hopefully forming a higher low...if it ends up forming a lower low more loss against btcs value at that time will be probable. I do see it likely it can reach the breakout target in the meantime however. If somehow it continues up then we may have a deathcross fakeout on our hands which given the current overall sentiment of the crypto market in generally is much more probable than it would normally be. until we see evidence of a death cross fake out though we must put the downside as probabilities preference. My guess is a quick typical tron pump and dump due to an announcement of an announcement from Justin Sun. It can be a rewarding ride though if you time your entrance and exit right. *not financial advice* Thanks for reading.
Potential cup and handle on trx can take it to .044 centsWaiting for confirmation first of coursen but it seems like confirmation is about to arrive.
Would you like a tea? - Cup and handle pattern. Would you like a tea? - Cup and handle pattern.
will it be confirmed?
If yes, bitcoin will go to $ 10,000
GBPJPY BUYThere was big breakout that is currently correcting. I think it will bounce and go from the 30EMA which also lines up with a reactive support.
USDCAD - Comparing Supply and demand with Support and resistanceMost people are support and resistance traders, but they fail to understand why their setups fail. Because institutions know where the majority of people are trading, and will attack these areas when appropriate.
Are you a support and resistance trader, or supply and demand? And which do you prefer?
EURJPY BUYDay chart has hit a major support and 4 day candles have respected it. The next few day candles, in my opinion will be bullish. The Target is at the next day candle closing price resistance and the stop loss is below the day candles respecting the support. The target profit also lines up to where the 30EMA should end up.
Note: I've made a youtube channel that does not yet have any content but at some point in the future i'll be uploading videos about my trading journey and some educational content if you'd like to subscribe now and be the first to see it when i upload. Youtube: Flynnex
NVT signal and Parabolic SARIs the NVT signal saying we are over bought, I think it is. If the Daily/Weekly P.SAR reverses will we see the price turn south and create a profitable shorting opportunity?
Gentlemen, hold your breath.Both BTC and ETH are at risk of H&S.
Daily NVT not looking good as well.
Please use some caution here.
Buy the dip, but no hurry.
Cup and Handle Reversal with Bullish Symmetrical TriangleHey everyone,
I have been seeing this possibility in the charts and the daily. We could have a double bottom into a cup and handle reversal. We have a potentially bullish symmetrical triangle in the handle as well. If this plays our we could launch into 6.8k in two months for a full retest of 6.8k. I'm an amateur, and this is not trading advice. This is simply a suggestion based off of some research. Let me know what you think. Open to any and all feedback and interpretations.
DXY weekly analysisThe daily chart has been showing an uptrend for the past several months, with HH's and HL's beng made. Until the last few weeks, we've seen that price hasn't been able to form a higher high on the daily, but rather a lower high and price has been wanting to fall down since then. In the 4 hour timeframe, we see signs of reversals with LLs and LHs being made. The 4 hour supply zones have been respected quite well,but so has the demand zone at 96.9 that has been holding several candles from falling further, acting as a level of support. It is also important to note that in the context of the motnhly timeframe, we are MOC, and the weekly timeframe is still an uptrend. A shorting opportunity for the DXY exists, and it would be possible to short until the 96.6 region, where a weekly demand zone is located. DXY has a lot of room to go down in both the 4hour and daily timeframes. A correction may once again happen in the daily and price could definitely go down all the way to the 96 area where we have a nice 4hr RBR which is also where price last went before going back up again. I would not long the dollar right now, but wait for it to go down to get better long opportunities.
Classic cup&handle break of supportAEX formed a perfect cup and handle and subsequent broke through supporting neckline.
Targets might be any of the lines drawn, depends on how US markets will close.
Head & Shoulder EURJPYHello Guys. I started making videos on youtube here with another head and shoulder i just took in 1h time frame. since last week i had some very nice winning trades in row that i show in my videos in response to a trader who was saying that technical analysis doesnt work. Its all about understanding the statistics and the probability and consistency and staying to your plan after losing trades. FxStreamer is my channel on youtube hope you enjoy.
SELL GU on H4 , Head & Shoulder TP on the head downwardSELL GU on H4 , Head & Shoulder TP on the head downward
Update: Cardano Almost there (New Resistance & Support)We almost reached our IH&S Target of 1900 Sats Today.
Target was reached way earlier then i expected. Which means there is more room for growth before ADA summit on 17th-18th april.
If we Break 1900 sats in few days and close above it then we may go towards 2400.
If BTC helps Ada may also reach 3k Sats very soon.
Positive Signal: 50 EMA Crossing 200 EMA on daily chart.
Negative Signal: Weekly and daily RSI|STOCH RSI Overbought. (It may stay Overbought for long period especially when bulls are in Control.)
Retracement Level: Cardano have had very good last few weeks. It may retrace a bit which will be healthy correction. I am expecting a retrace towards 1700. If this level breaks, 1530 sats should hold.
If you were around in last ADA Bull Cycle then you may have noticed that ADA just pumps and stays there for few days and pumps again. Last Bull cycle was from 300 sats to 9k sats and all this happened within 40 days of time.
Good luck trading Ada.
Bitcoin USD - Inverse Head & Shoulder FormingBitcoin in a Bullish channel heading towards the overhead resistance again.
A nice Head and shoulders pattern has formed, hoping for this to finally break this overhead resistance and continue on its bullish charge.
