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Head and Shoulders

PepeCoin (OG) ready for a big movePepeCoin (PEPECOIN) is showing strong bullish signals with the formation of an inverse head and shoulders pattern on the daily chart, suggesting that PepeCoin might be gearing up for a significant move upwards. Current Price and Market Context: As of the latest data, PepeCoin is trading at approximately $5.75 USD. This marks a substantial recovery from its recent low of around $4.56 USD a week ago. Over the past couple of days, PepeCoin has surged by over 13%, with a trading volume of $3.24 million USD, highlighting strong buying interest and momentum. Support and Resistance Levels: Key support is established around $4.95 USD, with immediate resistance at $5.82 USD. A successful break above this resistance could see prices testing higher levels, potentially retesting its all-time high of $7.57 USD. With the inverse head and shoulders pattern and strong recent performance, PepeCoin looks poised for a potential breakout. Traders and investors should watch for a confirmed breakout above the $5.82 USD resistance level. Keep an eye on trading volume and broader market trends for additional confirmation of this bullish move. Other Considerations: BasedAI, developed by Based Labs, is an innovative project integrating AI and blockchain technologies to enhance data privacy and computational efficiency. It introduces "Brains," which are distributed containers for executing large language model (LLM) tasks, leveraging PepeCoin for their acquisition. Users can acquire these Brain NFTs by burning or staking PepeCoin, which in turn enhances the coin's utility and value. According to the BasedAI whitepaper, 80% of the entire PepeCoin supply will be burnt when all of the brains are minted.
Long
by ckarling
2
GOLD - Will double in price in a few years! (cup and handle)GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This cup and handle formation is fully confirmed. The monthly candle closed above the neckline of this pattern with a bullish engulfing candle.  How to trade? If you are an investor, simply buy gold and hold, you can expect a pretty good and reliable return in a few years. If you are a swing trader, I recommend trading with the trend and going for buy/long only strategies. Do not short gold on futures, as it will lower the probability of success. And if you are a day trader, also focus on long-only strategies, and you can potentially short GOLD, but only with limit orders that you put above the current price. Avoid trading bearish breakouts, as they tend to take liquidity (stop losses) and reverse.  What is the profit target for gold in 2026 or 2030? There is no historical price action, so to determine our profit targets, we need to use the Fibonacci extension tool and Elliott Wave theory with simple trendlines. On the chart, you see my Fibonacci projection (wave 1 -> wave 2). Usually, the market tends to react to the 1.0 extension, the 1.618 FIB extension, and the 2.0 extension. These are strong levels, but only for a short-term bounce. As my title says, I am expecting a huge bull market, so do not forget to follow my account to stay updated! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
29
BTC potential IH$S - If 60k bounce: 71k target BINANCE:BTCUSDT 4H Analysis NOT FINANCIAL ADVICE TL;DR BTC continues moving downwards towards the 60k mark. A bounce there would validate the IH&S pattern and open the way for a W3 to 71k. We have a lot of confluence: On top of being the right shoulder of the IH&S pattern, a retrace to 60k would be 0.618 fib of the last leg up We are seeing some support from the 50VWMA (yellow), very close to the 60k mark (currently 60.7k) TD Sequential just printed a perfect Buy Setup (red M9), indicating a potential reversal. You can see on the chart how accurate its previous signals have been RSI is nearly oversold (currently ~35) Both the MACD and its signal line are in the negative. Once we have a crossover, the further below 0 it happens, the stronger the reversal confirmation will be
Long
by AliferCrypto
1
ETHEREUM / DXY chart is telling us something.That we can expect new High's on this ratio But not to expect the kind of run that ETH experienced last cycle obviously . Going from $88 to near 5K was a barn stormer of a Bull run a 50X !!! If this continuation head and shoulder plays out The linear projection would give us a 7.5X Whilst the log target suggests 18x A match for what #BTC did last cycle ... interesting right. Thisis still impressive for a mature network and should provide plenty of fuel for the #altcoins
COINBASE:ETHUSDLong
by BallaJi
3
🦊 BONK🦊 is Ready to Pump🚀➕30%🚀🔥In the past few months, memecoins have been doing very well and they have very good profits for their followers. It seems that these few months have been 😂 memecoin season 😂; although many people are against this type of token, the fact is that there were good profits in these few months. 🦊Today I want to analyze one of the popular memecoins these days. The name of this meme is BONK . 🏃‍♂️ BONK is moving near the 🟢 Support zone 🟢 and 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to Elliott's theory , BONK seems to be completing wave 4 . 📈In terms of Classic Technical Analysis , BONK has succeeded in breaking the Neckline of the Inverse Head and Shoulders Pattern in the Daily time frame .👇 💡Looking at the BONKBTC chart, we can see that BONKBTC has managed to break the neckline of the Double Bottom pattern , and this is a sign of BONK's better situation than Bitcoin .👇 🔔I expect BONK to rally at least another 🚀 ➕30% 🚀 and attack the 🔴 Resistance zone 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bonk Analyze (BONKUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
STRONG "HEADED" REVERSAL COOKING UP?? - UCADHere I have USD/CAD on the 1 Hr Chart!! Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP! Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face". A HEAD AND SHOULDERS PATTERN!! Now with our "Neckline" @ 1.36567 being confirmed after the formation of the First Shoulder and Head, we can expect to see 1 last attempt at a HIGH!! This HIGH I believe will be at the Same level as the First Shoulder, forming the Second, which will be CONFIRMATION OF PATTERN!! Then, upon arrival back at the Neckline, we will be looking for SELLING OPPORTUNITIES!! **IF Price BREAKS & CLOSES ABOVE the First Shoulder @ 1.36984, Pattern is INVALIDATED!! First Profit Target Zone will be at the SUPPORT ZONE @ ( 1.3627 - 1.3600 ) Range
Short
by Novi_Fibonacci
BTC/USD Appears Poised for Further Outperformance It was another positive week for BTC/USD, which was up +1.9% as of London’s close on Friday despite finishing considerably off its best levels. Price movement on the weekly timeframe has been working between the limits of a potential bullish flag pattern since forming the all-time high of $73,845 in March. Even though the unit faded the upper edge of the aforementioned pattern last week, the daily timeframe suggests there is scope to navigate higher terrain. All-Time Highs in Reach The Research Team recently communicated that BTC/USD bulls had made a comeback since forming a low of $56,478 and completed a daily inverted head and shoulders pattern (left shoulder: $59,559; head: $56,478; right shoulder: $60,165). The advance sent the unit through the pattern’s neckline, a descending line extended from the high of $67,273, and permitted traders to pencil in the pattern’s profit objective – taken from the value between the head and the neckline and extended from the breakout point – which shares chart space with the all-time high of $73,845 at $73,756. Bolstering the possibility of challenging all-time highs this week, the Relative Strength Index (RSI) rebounded from trendline support (taken from the low of 23.71) on the weekly chart and the daily chart’s RSI is treading water ahead of trendline support, extended from the low of 35.47. The RSI also remains above the 50.00 centreline on both charts (positive momentum). Direction This Week? A daily decision point area at $64,612-$66,484 held ground in the second half of last week, and price has room to move higher this week towards the all-time highs/inverted head and shoulders take-profit objective at around $73,840ish. This, of course, also highlights a possible breakout above the weekly chart’s bullish flag pattern structure.
FPMARKETS:BTCUSDLong
by FPMarkets
NEARUSDT THREE RISING VALLEYSWe were first presented with a momentum shifting structure which looked like an inverse head and shoulders with 4 shoulders, but then created 3 consecutive higher lows and higher highs to form the image of a three rising valleys structure. We sprung from the resistance line and recently back tested the neckline as support. Our first target is the measure from the first low and first high from the three rising valleys. Our second target is a key resistance line from October of 2021. If the asset falls below the third valley then the setup is invalid. As a compliment, NEAR when compared to the BTC chart also looks bullish, so we could see NEAR outperforming BTC in the near future. Overall, NEAR has had a strong uptrend in weekly scale compared to most altcoins so I'm expecting it to keep outperforming in the next few months.
Long
by diegochuw
Is a Head and Shoulders pattern forming on IMX?Hello everyone! #IMX, I dare to suggest that a head and shoulders technical analysis pattern is forming on the chart. It can be observed that the price reacts well as it approaches the 0.786 Fibonacci level. In this area, the left shoulder was formed and now the right shoulder may be forming. The neckline is at a strong Fibonacci level of 0.618. The price potential upon completion of the pattern is around $0.85. However, the decline may be halted by Fibonacci levels of 0.5 - 0.382.
Short
by neverovv