Head and Shoulders
HBAR responding bullishly to its goldencross just like Algorand We can see here how Hbar is immediately responding to its golden cross and finally breaking above the inverse head and shoulder pattern it’s been consolidating in right at the moment of the golden cross. Here is the algorand goldencross for comparison:
Countless other charts have had this same reaction since the parabolic phase of the bull run and I wouldn’t be surprised if it continues. *not financial advice*
Plenty of upside left in HBARUSD even after massive 55% pump HBAR had a huge breakout today and shot way past the breakout target of the previous patter it had ust broken upward from. In doing so Price action is getting very close to completing the right shoulder of a much bigger inverse head and shoulders patter here. Should it trigger the breakout of this attern we ca see that the measured move target for it would be over 120% gains from where price currently is if it were to reach the full target. It may take it a second consolidating just below , or back &forth a little above and below the neckline of this pattern before it triggers the breakout since it just had such a massive pump, however it could just maintain the current momentum and plow right through that neckline without stopping for much of a rest. The most import support to watch for at the moment is the weekly 200ma(in blue) as long as it can flip that 200ma to solidified support then odds are good it will confirm the breakout from this invh&s pattern to too many candles after that. Also considering the total2 chart looks like it will confirm the long awaited breakout from its cup and handle patter soon, that increases the probability that this new bigger invh&s on HBAR wll be confirming its breakout too sooner rather than later. *not financial advice*
Avalanche / U.S. Dollar | 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
# Avalanche / U.S. Dollar
- Double Formation
* Neckline At 29.6000 | Short Set Up | No Trade
* A+ Set Up | Long Bias | Entry At 6.00000 | Subdivision 1
- Triple Formation
* 012345 | 3 & 4 | Wave | Subdivision 2
* Retracement | 1 & 0 | Uptrend
* Long Bias On Hold | Daily Time Frame | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BTC morphs into an even bigger pattern, with a target of $106.6KLast week, we highlighted a small triangle pattern that triggered, but the price retraced to the entry level. Examining today’s price action and focusing on price points from November 22nd, an inverse head-and-shoulders pattern appears to be forming. This suggests that a break above $98,265 could lead to a rally toward $106,646 per coin. Alternatively, it might be a larger triangle pattern, but the price target and breakout potential would remain the same.
The right shoulder, however, may need more time to form, potentially causing increased volatility, particularly in alt coins. These could see a dip if BTC tests the trend line connecting last week’s low and the lows of November 13 and 15.
The best strategy with these patterns is to wait for a breakout, which minimizes stress and improves decision-making. For those comfortable with the associated risk and stress, there may be opportunities in the range between the lower boundary of the pattern at $92,528 and last week’s low of $90,994.95. Ultimately, the question is: from which level are you willing to take on risk, if any?
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Silver Moving Up to 37 & 44Weekly chart has a confirmed inverted H/S during the long consolidation from 2020 and 2021 highs, it successfully broke and then tested the neckline at $25.85 and then moved up.
It's possible that 28.3 gets tested if it doesn't hold above the prior wick high at ~30.5.
As long as 28.3 holds, and especially if 25.85 continues to hold, silver should move up to 37 and 44 approximately.
Current price retracement on xrpusd is creating right shoulderWe can see the current price retracement on xrpusd is starting to form the right shoulder of an inverse head and shoulders pattern.This means that once price bounces and gets firmly above 95 cents or so then maintains that level as support it could trigger a breakout from this inverse head and shoulders pattern. At that point the target would be around $1.55-$1.60 and if we can get tot hat level and maintain that level as strong support thats when the real fireworks can start to begin. Could take multiple weeks for this right shoulder to find its bottom and head back towards the neckline, but hopefully sooner rather than later. *not financial advice*
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Algorand almost already to full invh&s breakout targetThe golden cross strikes again with an immediate blast off in algorand price as it is already getting very close to hitting the full inverse head and shoulder breakout target here. Zooming in here we ca more clearly see how the golden cross coincided with this blast off: *not financial advice*
Avalanche Inverse Head & Shoulders PatternThe price action is currently retesting the dotted measured move line for potential support. Always possible to do back below the neckline but if the measured move line holds support we might not. Either way I anticipate ths pattern reaching its full target in the near future *not financial advice*
What’s potentially next for PNGUSDPangolin has corrected enough to at least form a small right shoulder o smaller time frames like 4hr chart and smaller. Still a good chance it could continue to consolidate below this neckline long enough to make a valid 1day chart shoulder as well so I figured it was worth drawing. Speculative right shoulder here n the 1 day chart. Should see soon enough how ths pans out.,t could decide to continue pumping right now but there would still be a valid shoulder to complete the h&s pattern on t he smaller time frames. *not financial advice*
Filecoin firmly above invh&s as Goldencross occursPrice needs to flip the ascending white trendline to solidified support to be fully confident that price wont try to dip back below the inverse head and shoulders neckline again, and as of now that white line is still currently resistance, but with the golden cross just occurring and the way most alts have been bullishly responding to their golden crosses the same day as the cross, coupled with the fact that the white line has not had much strength behind any of its price rejections thus far, makes me believe we will see priceaction flip the ascending white trendline to solid support before too long. I will be looking for the dotted measured move line from the invh&s breakout to attempt to maintain support and if not then the next support below that is the inv h&s neckline. After that the final support is the thin bluish green colored 21 moving average. I anticipate one of these three supports will ultimately hold. *not financial advice*
2invh&s acting like Russian nesting dolls on XRPUSD chartNow that xrp has chosen to consolidate here for a few days it gives the chance for the potential blue inv h&s possiblity to form a right shoulder here, so I thought it was worth including, The smaller purple inner inverse head and shoulders patter is definitely legit and should have its breakout confirmed as soon as xrp has it’s next move to the upside. *not financial advice*
Liontrust Asset Management Plc | 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
# Liontrust Asset Management Plc
- Double Formation
* Triangle Uptrend | ABCD | Subdivision 1
* 50% Retracement | Continuation At 7.130
- Triple Formation
* A+ Set Up | Short Bias At 8.580 | Subdivision 2
* Flag Structure | Forecast Template
* Retracement | Neckline At 4.420 Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
Btc/Usd Update 3 (Head and Shoulders Reversal Pattern)Im still expecting Bitcoin to fall after some move up during the past hours.
There is a Reversal Pattern printed on the hour 1 time frame.
This pattern is known as the Head And Shoulders Reversal Pattern.
If this pattern is broken , I will close my BTC/USD sell trade.
If ADA flips the 200ma to solidified support next target = $1.13Subject says it all.. I kept some of the previous channels’ trendlines on the chart just n case we see any sort of correction as potential supports. WIll like previous Cardano chart with pattern whose target just got hit below.. *not financial advice*
Something very peculiar is occurring with XRP dominanceUsually when the candles go upward on the xrp dominance chart, the btc dominance chart is going downward and the liquidity along the xrp dominance chart go up is coming from bitcoin liquidity. This time however something has changed. XRP dominance is rising substantially all while bitcoin dominance is also still rising. This suggests that the liquidity is no longer coming from btcoin but instead from other sources likely institutional investors. We can see the candle on the monthly has broken above the neckline of a large inverse head and shoulders pattern on the logarithmic chart. Will be interesting to see how well this plays out. Chart patterns don’t behave as they usually do when working with these kind of charts so it’s no guarantee what looks like a bullish breakout currently will behave like one. I will definitely be keeping an eye on this as it develops though *not financial advice*