SUB/BTC What about alts?SUB. Now we can see the completed bearish flag and completed bullish flag, which in sum give us an inverted head and shoulders (HS). Also now we can observe the output of the graph from the pattern, which is supported by the completed bunch of convergences b and c, which usually means new up-trend. But the trading volume on this asset is still not large enough so it is quite dangerous for SUB holders. I recommend to keep the stop loss at the level that we also determined by the ATR indicator, and placed it at the 4500 sats.
What about fundamental analysis:
In fact, first of all, the project drew my attention precisely with its activity!
Splash of an accumulation after correction makes us pay attention to it. The ecosystem of the token is completely clean and let us know that the coin is used as an indispensable mechanism for the functioning of the project. Increase in audience will increase its price. The problem that the project solves in today's realities is very urgent, especially for people from countries, where censorship is expressed in the blocking the Internet. SUB is designed to give rise to the Next-Gen Internet, decentralized Internet, where there is no place for censorship and blocks.
Conclusions:
Buy for 5500 sats.
Put the stop on 4500 sats.
Targets at 7000-7500-9000 sats.
Short-term 7-8k, and 9k mid-term
Hs
AUDCAD HS entry under necklineI have been waiting a long time for this trade to become valid :-) and nice head and shoulders pattern with a entry after the retracement under the neckline.
Possibility of a quick scalp... Head and shoulders on a 5 min frame spotable at the 15 min as well which could take us all the way down...
Tight stop loss, not a big portion of money, for people who can watch it closely and react fast... :) Good luck...
Bitcoin/USD - Inverse head with big shouldersIt seems that market demanded symmetry and wanted to bring down the price to 17h of January's level - completing inv HS formation. The price also touched downtrend line from $19k in linear scale.
BTCUSDDISCLAIMER : I just want to make clear that I'm fairly new to this market, so any opinions and advices are welcome! This could all be wrong but lets hope not! :)
After doing all 5 Impulse Waves Bitcoin must retrace and do ABC (according to the Elliott Waves) The A point should be near the Neck Line, B should be "the same" as 3 and finally, (according to the Elliott Waves Rules) C must be near the low-point of 4.
After doing the ABC Bitocin will bounce back up
Once again to wrap things up, this is MY opinion! Don't take what I say for granted!
Have a nice day.
EURUSD: Head n Shoulders patternHey traders,
On the EURUSD daily timeframe we can see that we have completed a nice head and shoulder pattern. The neckline was broken last week on Thursday. Let's see how this works out.
Cheers
Looks like head and shoulders.It looks like the head and shoulders movement is forming. It may push it down strongly, back to under 4k. If it does not take a sufficient hold for a strong bear movement, wait for 6k.
BTCUSD: this channel is going to b flatter than we thought.BTCUSD has a high possibility to hit back to C to make a right shoulder.
Therefore, the channel for it to drop down will be flatter than we thought before.
Less is more!
USDCHF Bullish Outlook D1Strictly technical outlook // Inverted Head and shoulders + Bearish Butterfly // Follow this Idea for updates on entry and exit TP1 0.99 TP2 1.011 TP3 1.017 ENTRY 0.98 SL // Use proper risk management //
USDCAD: Potential head & shoulder patternHi traders,
On the USDCAD we can see a potential reversed head & should pattern taking shape on the 4H timeframe. The 1.30600 area is a good potential reversal zone.
Cheers
GBPUSD: Two ideas combinedHi traders,
On the GBPUSD 4H we have a potential AB=CD pattern forming. At that completion, it looks like we have a nice head & shoulder formation, so we could look for a short at that area.
Cheers
EURUSD: Possible head & shoulder patternHi traders,
On the EURUSD I'm looking at this head & shoulder pattern to enter short. I don't normally trade these setups, but I want to give it a try on this one.
Entry: 1.07600
Stop: 1.08000
Target: 1.05910
Good luck traders!
AUDNZD inverted H&Sinverted H&S pattern forming
head bounced off of 1.026
RS bounced off of monthly trend line
Strong acting resistance and neckline at 1.075
looking for price to break above neckline and retest to enter long
Long term pattern=better strength of pattern
If upper mothly trendline is broken, price may carry and retest creating new highs. TP1 at 1.093
Inverted H&S pattern on EURNZDPossible inverted H&S pattern
LS,H formed with good signs that RS is forming
Long term pattern
1.510 and 1.526 are key areas where price might get stuck
aggressive neckline at 1.510
price may go up to monthly trend line which may be a rejection area (TP1)
long term trade with TP2 at 1.580
Head and Shoulders pattern on NZDCHFPotential H&S pattern on this pair,
possible right shoulder forming if price bounces off of 0.722 which is a key area
if price goes down and closes below neckline with retracement, short trade in play.
after neckline break price may fall to 0.686
NZDUSD - Trend line Breakout - Possible HSH Pattern.The bearish channel has been broken, we had a pullback, and now we are waiting for a new breakout before buying, the idea is also supported by a huge divergence.
As I said wait for the breakout and apply your own strategy for this kind of setup.
Tryng to study some pattern (HS)Hi traders, i'm tryng for the first time the head and shoulders pattern...
If the price will brake the neckline, i will sell after the pull back with the stop up to the right shoulder and two targets, the first at 0.95816 and the second one near the 0.93606 zone.
