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Head and Shoulders

Bitcoin will go DOWN by H&S Pattern!!!Bitcoin ( BINANCE:BTCUSDT )started to rise after every positive news over the past days, but then started to fall again . Did you see the negative news that did not come !? Bitcoin is moving in the Support zone($95,600-$93,200) and Descending channel . The rise and fall of Bitcoin over the past 5-6 days has managed to form an Head and Shoulders Pattern . (in terms of Classical Technical Analysis ). Since BTC.D% ( CRYPTOCAP:BTC.D ) started to fall from the Heavy Resistance zone(63.30%-57.10%) and after breaking the lower line of the ascending channel , we can confirm that Bitcoin's dominance on the crypto market can end for a while. If the cryptocurrency market wants to have a correction , Bitcoin can experience a further correction. If the crypto market wants to experience an increase again, we can say that we have entered the Altseason .👇 I expect Bitcoin to fill the CME Gap($93,835-$93,720) AFTER breaking the Head and Shoulders Pattern's Neckline and Support zone($95,600-$93,200) and then decline to at least the H&S pattern's target(around $91,000) . 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 ⚠️Note: If Bitcoin goes above $96,800, we can expect Bitcoin to rise again to the resistance lines.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Short
by pejman_zwin
36
USDCHF Potential Bear Move ?Hey Traders! In todays analysis USDCHF is displaying what i believe to be a bearish setup. Presenting an opportunity to take advantage of this potential bearish move. My Observations Daily supply zone: Price retrace to test 0.89643/0.89148. Elliot Wave: Are we in a potential EW4 downward move ? Scroll back to Wed 22-5-24 and notice the beginning of the Elliot Wave. Moving forward we can see the completion of EW3 which also encompassed a 5 wave sub wave, highlighted by the blue 5 wave count. Even further forward we can see the potential completion of an EW4 confluence for what i believe to be a negative divergence. Strategy The plan is to drill down in to the lower timeframe and look for entries into this move. Targets to between 0.87936 and 0.87577. In the context of the higher tf could be a decent swing move. In the case i will be aiming for 0.85920 region.
Short
by TraderChes
CRV potentially breaking above a Double bottom neckline hereCurve like any other altcoins has responding very parabolically to its goldencross. It has now gone above a potential double bottom neckline, however, as much as it has pumped recently I would not be surprised to see it correct back down below this neckline for a bit. If it does that it may form another neckline slightly higher for a potential inverse head and shoulders pattern. If it does just continue up fro here instead then the target shown on the above chart is the ost probable one to expect. *not financial advice*
COINBASE:CRVUSD
by DrDovetail
Apecoin chart per request.I’m not entirely sure how this chart will play out, currently looks like this chart’s price action is heading towards this brown trendline that will either serve as a double bottom neckline or if it holds resistance for a candle or few t will become the top trendline of a valid descending channel at that point, either way the target would be the same for a breakout from either pattern, won’t be able to dial in the exact placement of the dotted goldenrod colored measured move line until price chooses where it’s going to trigger the breakout but I believe I have arbitrarily placed it in a close enough radius to get a within the ballpark of a decent price target guesstimation. Once again we see a big bullish pump coinciding with the golden cross as well. *not financial advice*
COINBASE:APEUSD
by DrDovetail
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
3
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
XVG going parabolic upon 1day golden crossYet another shining example of apparently hall all boats rise thanks to the golden cross. Right when golden cross occurred Verge goes parabolic. It has now broken confidently above this inverse head and shoulders pattern and still would make 54% gains from its current spot to hit the full breakout target of the inverse head and shoulders pattern. Though Verge has long been considered a dead coin, I do recall talk that it may possibly one of the few cryptos that is currently ISO20022 compliant right now so that is indeed an advantage it has going for it right now. Possibly not so dead afterall, but this could also be a case of “All boats rise” with the current parabolic market conditions. Also wanna give a proper shoutout to my friend Saeid for believing in this one. Saeid focuses more on elliot waves and harmonic chart patterns and is a solid analyst himself, and he believed in XVGs potential to do something lke this much mroe than I did. *not financial advice*
CRYPTO:XVGUSD
by DrDovetail
DBV Technologies | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # DBV Technologies - Double Formation * A+ Set Up | Wedge Structure Template | Subdivision 1 * (3) Wave Short End - Triple Formation * Neckline | Left & right At 0.90 |Subdivision 2 * Retracement 1 | 50% At 1.15 * Retracement 2 | Short Set Up Alignment | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:DBVShort
by TradePolitics
A8USD 12/2/2024A8USD Daily Chart Analysis The chart for A8USD displays a classic bullish reversal pattern, signaling a strong potential for upward movement. Here's the analysis: Key Observations 1. Pattern Formation: o Between October and November 2024, price appears to have formed a bottom, creating an inverted head and shoulders pattern. 2. Neckline Breakout: o At the end of November, price broke through the neckline of the pattern. o Several consecutive closes above the neckline reinforce the breakout's validity. 3. Volume and Momentum: o A spike in volume confirms strong participation in the breakout. o The MACD in bullish territory indicates positive momentum backing the move. Trade Details • Position: Long • Entry: 0.1270 • Stop Loss: 0.1052 (17.21% risk) • Initial Target: 0.2177 (67.48% potential return) • Risk-to-Reward Ratio: 3.93 This trade setup offers an excellent risk-to-reward ratio and is supported by a solid technical reversal structure and bullish momentum indicators.
COINBASE:A8USDLong
by rudcharts
LITECOIN short term-SHORTHello All 🐶😃🐼 It's Jazerbay here, I missed you all and I am back with this idea.. let's go ! 👇🏼⬇️⬇️🤸🏼‍♀️🤸🏽‍♂️ I have been watching Litecoin action on the short term time charts. I am noticing a very possible Head and Shoulders pattern forming 🐻 If this plays out we will see price drop to some of my projections, with 106 being the lowest for now😯🔥 This could happen pretty quickly if we don't stay above this support area of ~120-123. Litecoin has been very bullish compared to other cryptos in the market for the last couple of days so if we catch support here then this projection is invalid 🙂 Thank you all for coming today and Happy Holidays Good day As always 🛑‼️ This is not financial advice, please trade at your own risk with caution 🛑‼️ ☯️ jazerbay
Short
by jazerbay
FMC Technologies | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # FMC Technologies - Double Formation * A+ Set Up | Triangle Bias At 18.90 | Subdivision 1 * Retracement | 0.5 & 0 | Continuation & Ranging Template - Triple Formation * Neckline | Visibility At 23.90 & 22.55| Subdivision 2 * Pattern Structure | Left / Head / Right * Retracement | Uptrend Bias Entry Area | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:FTILong
by TradePolitics
Soybean Oil - Unveiling Insights Beyond the Common PerspectiveAnalyzing Soybean Oil CBOT:ZL1! on a monthly chart, my focus is on WisdomTree Soybean Oil LSE:SOYO on the LSE. Here's the rundown: Bullish Surge: Prices skyrocketed by 281% from 2020 to 2022! Pullback: A retracement to the 61.8% Fibonacci level occurred from 2022-2024. Pattern Alert: Spotted a classic Head and Shoulders, key for forecasting. Despite the crowd's bearish interpretation of the H&S pattern, I'm not betting against this market. I'm a bull right now in this long-term bullish trend. That said, I'm not predicting an eternal rise. While I'm optimistic, managing risk is paramount. Always room for error, but I'm ready to take the bull by the horns.
LSE:SOYOLong
by VineyardWave
The last bullish chance of ADA in Short term!Cardano managed to break two ascending patterns a few hours ago, as you can see in the chart. Now, the price can drop to within the triangle to liquidate traders' positions, and I have identified the support point. However, it should not be forgotten that the price can easily go up to $1.23. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
25
CHZUSDT: Is a Major Bullish Reversal on the Horizon?Yello Paradisers! Are you ready for what might be a big move in CHZUSDT? It’s starting to show some strong bullish signals, and missing this could be a mistake. 👀 💎CHZUSDT has displayed a Change of Character (CHoCH) along with a Break of Structure (BOS), pointing towards a bullish market structure shift. Additionally, the formation of an Inverse Head and Shoulders pattern is further boosting the probability of a potential bullish move. 💎But here’s the crucial part! If CHZUSDT breaks out and closes a candle above the resistance zone, it will validate the pattern and increase the probability of bullish move. 💎In case of a pullback, we’re looking at the strong demand zone as a potential bounce area. However, we’d prefer to wait for an Internal CHoCH that realigns the market structure into bullish territory before making any moves. This confirmation would enhance the probability in our favor. 💎On the flip side, if CHZUSDT breaks down and closes below the strong demand zone, it would invalidate the entire bullish setup. At that point, it’s wiser to step back and wait for a clearer price action to develop. 🎖Patience and discipline are key here, Paradisers. Wait for the best setups, and don’t rush into trades without solid confirmation. Trade smart, and stay ahead of the crowd! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
LTCUSDT Breakout: Are You Ready for the Next Big Move?Yello, Paradisers! Have you been watching LTCUSDT lately? If not, it’s time to pay attention because things are heating up fast! 💎LTCUSDT has broken out of a descending channel and is now forming an inverse head and shoulders pattern, a classic bullish signal. 💎If LTC can break and close a candle above the resistance zone, this will confirm the pattern and significantly increase the likelihood of a bullish surge. 💎Now, if we see a pullback, watch closely! A potential double bottom could form at the support zone. For safety, though, waiting for an I-CHoCH (Internal Change of Character) to confirm a shift back to bullish market structure will increase the probability in our favor. 💎However, if the price breaks down and closes below the support zone, this invalidates the bullish setup completely. In this scenario, it’s smarter to wait for clearer price action before making any moves. 🎖Patience is key here, Paradisers. Don’t rush into trades—wait for clear confirmations to stay on the right side of the market! Stay sharp and trade smart. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Quant’s big green candle today coincides w/ its goldencrossJust like so may other alt coins around the market, Quant exploded upward on the day of its golden cross as well. There’s a slight chance t could pull back from here in which cae then it could possibly form a right shoulder of a potential inverse head and shoulders and give people a chance to enter in lower before the next leg up, or it could just keep pumping right through this current tan colored resistance line and continue up to the purple neckline of it’s massive double bottom pattern. Ether way whenever it flips that purple line to solidified support,the breakout target can send Quant all the way back up to its old all time high, likely making a new all time high in the process. Looking forward to seeing where this one goes. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
GBP/AUD: Downside Bias Intensifies Amid Completion of Head and STechnical Analysis The GBP/AUD pair currently exhibits a downside bias, underpinned by the confirmed head and shoulders pattern. If buyers fail to overcome resistance at 1.95451, further declines towards the outlined support levels are likely. Key Events to Watch While Tuesday does not feature any major scheduled events specifically impacting GBP/AUD, market participants are closely monitoring Wednesday's release of Australia's economic growth data and the United Kingdom's Purchasing Managers' Index (PMI) figures. These data points could significantly affect volatility in the pair, particularly if the results diverge substantially from consensus expectations. Read the full article on our website: erranteacademy.com
Short
by Errante