BTC / USDT had experienced very bad time by whale action and btc saw $78000. Most of were waiting a triange breakout bu it did not happened as usual. And now we are on a Perfect Head and Sholder pattern that could take us to $6500.
It seems the Head & Shoulders pattern is forming in the daily TF. Besides RSI shows a downtrend meaning the strength of the uptrend is weak. Lower Volumes when forming the right shoulder, with respect to the previous ones, will be the confirmation of the pattern. Possible entry after the Breakout of the neckline @1.71 SL @1.7160 given from the 4H TF analysis TP...
Possible Head & Shoulder pattern on EURGBP
EURGBP has finally broken the daily ascending channel. the 4H chart has already shown a small retest for the trendline before falling lower however I believe we could come back 0.9000/0.9010 price point which could also retest the trendline before melting. I'm personally looking at a sell target of 0.8850 however we could even see price return to 0.8790 which has...
Entry at 1.27567, Stop loss at 1.26578, TP1 at 1.28789, TP2 at 1.29545
50% of position closed at TP1, remaining position is now risk free.
Entry at 1.26823, Stop loss at 1.26346, TP1 at 1.27300.
Wait for close above the neckline before setting entry at the neckline, stop loss below right shoulder, target at height of pattern above neckline.
Tested the previous high and failed (8300). BINANCE:BTCUSDT
Bearish H&S pattern forming a retracement at the TP1 of the Daily bullish Gartley.
Late entry on retest, adjusted stops and targets.
Entry at 1.29076, Stop loss at 1.28849, Target at 1.29494
The current price action is starting to form a potential falling wedge on the 4hr chart...interestingly enough the apex of that potential falling wedge is at the exact same point as the drop target from the 4 hour chart head and shoulders pattern we recently broke down from. I find that confluence very interesting and something that gives more credence to this...
As expected XRP has busted upward form its inverted head and shoulder pattern on the 1 hour chart. The breakout target of that should have been right at the top trendline of the 4hr chart falling wedge but the price action has exploded well above that and seems like it will very likely trigger the falling wedge breakout as well. So now the price target we are...
Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a ...
Tread carefully here because we are still within fakeout range but if I wasn't already long now is a wise time to start at least laddering in...can set smart stop losses a few pips below the neckline to be safe as well but even if it dips I anticipate the neckline should hold support.
Take a look at this picture perfect inverted head and shoulder setup on xrpusd's 1 day chart. Also take a look at how close the 50ma(in orange) is to rising above the 200ma(in blue) for a 1 day golden cross. Now factor in how the stoch rsi indicator has plenty of room to head upwards and is already suggesting its ready to do so. Lastly, factor in that we have...
You can see here on the 1 day chart that price has broken well above the neckline but is seeing resistance right at this blue horizontal line...what you cant see here is that the candle has already thrown a tiny wick above that line thus forming a higher high over the green candle where the horizontal line starts...in doing so XRP has broken the inside bar...