Clear H & S - it's over for now.SOL has a clear head & shoulders. End of the of our glorious up, up, up.
Sol may see a slight rise before continuing to wiggle down - first to around $130 area and then down to the $115 > $117 area. Then down to $110. I suspect it will end up at around $75 - All of this DEPENDS upon the movment of BTC & ETH.
The down trend should provide some good scalping - provided the fall is not to rough and choppy.
NOTE: ETH & BTC dictate for most coins how they will move - keeep and eye on these coins.
If BTC does fall big style (Blood On The Streets) it is possible that SOL could go to $40 or even down to $24. SO, unless you wish to HODL and then buy more on DCA, you might want to consider TAKING PROFITS or selling out and buying back in at a better price (it's what I will do).
Not Financial advice - DYOR.
Happy Hunting.
HEAD
Natural Gas Big Inverse Head and Shoulders Pattern playing outI have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top.
What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections.
On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
DOTUSDT is creating an inverse head and shoulders 🦐DOTUSDT is creating an inverse head and shoulders 🦐. According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
BTC ... A DAUNTING pattern ...Evening everyone!
Back on Tradingview this evening ... With something like a lot of people might not like to see!
In our defence, it might very well be a good thing for this market in the longer term, with a more profound pull back on the cards!
Let us know what you think!
Head and shoulder pattern? wdy think?Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Head and shoulder pattern? wdy think?
Dogecoin. Something for the bulls and bearsA quick look at some Dogecoin possibilities through the end of July.
I'd love to hear your thoughts
#BTCUPDATE - 15.7.21
ARE WE GOING TO BOUNCE?
No update on the bullish path from yesterday a bounce here will look to confirm a bullish H/S pattern and see a strong challenge of breaking the key $33k resistance.
Losing the $32.2k here though could be devastating though - and a quick fall to $31.5k and then just losing support after support to $30.1k
There has been a pretty tight consolidation since the rejection from $33k which suggests a big move incoming.
We need to get above $33k to have any kind of foothold so right now it is bearish short-term still.
My play is to long to $33k and then use a tight stop-loss - if we break $33k then an ambitious target of $34k.
Losing $32.2k then targets are $31.5k , $31.3k and then a stretch to $30.3k.
WAVESUSDT is creating an inverse head and shoulders 🦐WAVESUSDT is creating an inverse head and shoulders on the daily resistance. IF the price will have a breakout and confirm the neckline as new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Technical Analysis Isn't Always RightThis has helped me learn that technical analysis isn't always right. I was seeing a head and shoulders pattern, added my graphics, and waited. I expected the head and shoulders pattern to lead to a downward movement, but instead, an upward push ensued.
I also placed my first ever paper trades after making an analysis. This was a great learning experience and I'm ready to try to analyze what may happen next.
Bitcoin Bullish?Does this chart look bullish to you? Do you find yourself glaring up at the moon in anticipation? Are you constantly chasing breakout patterns in this current market? If so, do we have the best place for you. Come join us today at BTC therapeutics where we will schedule the therapy to heal all your needs.
Happy 4th of July weekend everybody. Spend time with your family and enjoy the celebration! Be safe.
EURSD on an H&S pattern? 🦐EURUSD on the daily chart sharply decrease during the last trading days of the last week.
The price after the rejection of the monthly descending trendline close at the 1.18400 level.
We can notice how there will be a possible formation of an head and shoulder pattern and according to Plancton's strategy if the market will break below the neckline we will be ready to set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Ethereum - Inverted Head & Shoulders - Reversal PatternPotential 10%+ Gains to the upside today, based on the Inverted Head & Shoulders pattern , which is inside of a 2 day Ascending Triangle pattern
Looks like an imminent breakout in the next couple of hours .
I think hodling on to at least 25% for a possible continuation up from 2,750 wouldn't hurt, but don't Bag Hold if your using Leverage !
Hopefully this monster, multi-week, insane pullback is over. There has been plenty of accumulation. Time to distribute. ;)
Good Luck Trading Today!