Simple Plan (Monthly TF)Break HnS, 100k incoming.
TP1: 100K
TP2: 120-130K
Beware HnS breakout retest tho
Head and Shoulders
BIGG FALL OR BIG RALLY!!! SOMETHING BIG IS COMING???1st head and shoulder target 23250
2nd big head and shoulder target 21800
If market corrects from here then it reaches the first target of 23250 or if market pulled back it will come upto 25050 forming shoulder of big H&S Pattern then fall is gonna big!!!
Hopefully market reaches first target and bounce back so that we don't enter into bear market. Will get the clear update only between DEC-FEB.
Decentralized breaching its inverse head & shoulders necklineNo guarantee this will be the breach that confirms the breakout, but with the current momentum in the overall market there is a decent probability it could be. Either way definitely a bullish development for Mana *not financiall advice*
Decentralized breaching its inverse head & shoulders necklineNo guarantee this will be the breach that confirms the breakout, but with the current momentum in the overall market there is a decent probability it could be. Either way definitely a bullish development for Mana *not financiall advice*
Inverse H&SDaily chart
Inverse Head & Shoulders pattern confirmed on breakout.
Waiting for Bearish Divergence to get confirmed which is likely to lead to a possible retest of the neckline as support before price is springing upwards.
Target: $508
Inverse H&SBroke the neckline on 20th of october on greater relative volume and has been retesting the neckline as support (or close to) on greater volume a few times since!
Looking back in history we are statistically entering the most bullish week of the year... how will the statistics look this time?
IMO this horse is now trotting... ready to hit the gallops! Im leaning bullish... looking at the chart pattern it is telling the tale of re-accumulation
Bullcase:
Inverse Head & Shoulder pattern formed with relatively decreasing volume on each low (shoulders & head)
Broke the neckline on relatively greater volume, confirming the pattern
Target: $210
Bearcase:
Pattern is invalidated if neckline is broken to the downside on relatively greater volume and retests the neckline as resistance getting ready to break down further.
Target: $125
Inverse H&SInverse Head & Shoulder printed on the daily chart.
Breakout of the neckline on increasing volume.
Trading halted on Nasdaq on friday 8th of november pending a T12 halt (Nasdaq requesting additional information from Cleanspark)
According to sources Cleanspark has on the 31st of october 2024 filed (and got approved) an application (8-A 12(b)) to register securities, namely warrants excercisable for shares of common stock at an price of $165.24 per share with expiration date in the year 2028. this implication happened due to the merger of Cleanspark and GRIID infrastructure.
1 warrant = 960,395 shares
165.24 x 0.069593885 = $11.50 (share value when deal was completed)
How this impacts the market I can only guess, but looking at the overall increasing volume and the inverse Head & Shoulders pattern I am drawing the conclusion that we are looking at accumulation and on the verge of breaking higher
Bullcase: Neckline acts as support as price makes higher highs
Next level of resistance at $16 (fibonacci 50% level)
Target: $20
Bearcase:
Neckline breaks to the downside and acts as resistance. Price breaks lower, this was a distribution area.
Asset can be consciderd as weak due to being in the area under the fibonacci 50% level and as price makes lower highs it could trigger a sell of
Target: $5
bearcase less likely due to the macro environment BTC making higher highs as global liquidity is on the rise
The CryptoSniper's Bitcoin prediction --- $140kIf we can envision a Inverse Head and shoulders forming.
With a horizontal neckline coming in at around $47.5-48k
It gives us a LOG projection north of $140k
Draw it out yourself and see :)
A linear target would be much more subdued and give us a $80k target
And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow.
That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level)
But lets's be optimistic and aim high
but recognise the value of having BOTH targets in mind.
@TheCryptoSniper Thank you for your ongoing education and dedication to your craft.
Extremely ugly invh&s currently in play on XRPUSDI have placed the measured move/breakout target line rather arbitrarily here. It wouldn’t surprise me if price action had a pullback or correction to reset some of the indicators before actually breaking above the neckline in which case the measured move breakout line(dotted line) would most likely need to be readjusted lower than where I’ve arbitrarily placed it here iin the process lowering the breakout target as well. Always a possibility that it doesn’t correct in between now and reaching the target though in which case we are looking at a target somewhere around 89-93 cents. I know many who only consider bukowski’s textbook version of an inverse head and shoulders to be one will have their skepticism about such an ugly looking example of an inverse head and shoulders, but n my experience it is the ugliest and most asymmetrical examples of inverse head and shoulders patterns that seem to have the highest percentage of being validated and reaching their full breakout targets. *not financial advce*
XDC’s inverses head & shoulders can send it to 3 & a 1/2 centsSo many alts breaking out of bullish patterns right now and XDC seems to be one of them as well. Need to flip the 20ma (in blue) to olidified support first though of course. * not financial advice*
BITCOIN BULLISH H&S ON W1 to possible $89000BITCOIN Fails to break below a Demand Area, confirming a clear H&S as we close on the W1 Timeframe. Using Fibonacci, we are looking directly towards $89000 minimum. M1 also will create a very bullish Cup & Handle price action. Any trader/investor will not miss this rare opportunity.
Inverse Head & Shoulderson DOGE has a 28 cent targetNow that the falling wedge breakout target for DOGE has off cal been hit, this inverse head and shoulders pattern is the next in line to reach its target around 28 cents. Pullbacks along the way to the target are always possible since we just hit another patterns full target. *not financial advice*
TOTAL 3 is ready to BLOWUSDT, recognized as the first stablecoin, did not achieve widespread adoption even as late as 2017. Had it been more prevalent, I would have incorporated USDC and DAI into this analysis.
Nonetheless, I trust that you will find this chart beneficial for the upcoming #Altcoin season.
The total market capitalization of USDT relative to that of Bitcoin reveals a distinct correlation.
This relationship has historically indicated significant technical peaks characterized by bearish divergence, as well as bullish divergence at market bottoms, as observed in the RSI versus ratio score.
Additionally, we have established a clear target level to pursue.
Bitcoin's Bullish Path: Monthly Inverse Head and Shoulders BreakBTCUSD's monthly chart has confirmed an inverse Head and Shoulders breakout, suggesting a potential bullish surge in the coming months. The breakout above the neckline around $70,000, supported by significant volume, aligns with a price target of over $300,000, representing a potential 300% gain. This setup highlights a possible major uptrend, with Bitcoin aiming for new all-time highs. Traders should watch for a successful retest of the neckline to confirm bullish momentum. If BTC maintains support above this key level, the path to $300,000 may unfold, marking a pivotal bullish phase for Bitcoin.
GMA nice inverted HS. Target is $64
Just FYI: DMA200 is often a nice dynamic support to go long. Reinforced by the VWAP, anchored to the start of the impulse.
$ASM inverse head and shoulders?AMEX:ASM is forming and inverse head and shoulders bottom. If price can break above $.042, then we should see a large continuation higher up to one of the resistance levels above.
I could see the move reaching the $.12-13 area before it sees some resistance.
Let's see how it plays out over the coming weeks.
Entry at .0303
ZCXUSDT Unizen 2h updateHi there
Something exciting is happening on this Gem on 2h tf..
People are creating some shoulders and Head! I like to hunt this patterns on spot Coins like Zcx!!
And i live the project of Unizen exchange and company:)
This Coin has a good Future i bet! 0.07 is not fair for this Unknown Gem
I mean its something rare you can Hodl and save your money as ZCX
it worth now buy some with 15% Sl
Head and shoulders will be hunted if BTC and Eth Continue Rising ✓
Goals are 0.1( short term) and 0.2
Good luck
Back to 3.70 if H/S breaks downHead and shoulder formed, awaiting breakdown. If confirmed, good support at 3.70. Can go as low as 2.50.
Rising WedgeRising wedge hit the 4th time on the tail of election.
Seeing euphoric sentiment. Just closed for the week, but didn't break wedge.
On the watch for next week if we head down to tag the bottom of wedge or continue up to break the rising wedge.
If it break upwards, likely to tag the gap to 270.
If it breaks down, 240. 200 if it continues.
INTU - 9 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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XAUUSD, Bearish Continuation on Break of ChannelHead and Shoulder formation
Breakdown of Bullish Channel
Retest of channel
Breakdown Confirmation
Currently @ weekly support
Bearish Trend Continuation Expected
Sell with Sell stop on break of support level
Target Towards 2600 levels
Stoploss above 2713
