Inverse Head and Shoulders on WalgreensThis could take us up to the 88.6% Retracement i would buy half of what I would normally buy here and I'll buy the rest if it pulls back more. Stoploss below the level of the right shoulder. In either case my profit taking level will be the 88.6% Fibonacci Retracement.
Ihas
AUDCHF🤑Head and shoulders 📉At this point, the price is finishing drawing the inverted head and shoulders pattern. It can be seen very well on the daily chart, it was expected that the price will reach the resistance level, but when the channel is broken through, the sellers pushed the price. So in connection with a false channel breakout, I expect a local fall right up to the center of the descending channel, but the general priority for now is to buy.
Have a nice trade!
BTCUSD DOUBLE BOTTOM + INVERSE HEAD N SHOULDERS + ADAM AND EVE LEVIATHAN CAPTAL PARTNERS
BTC/USD
Technical analysis
31 march 2019
BTC is inside a uptrend channel.
BTC is about to break the inverse head and shoulders resistance.
BTC is bouncing from the fibonacci supports.
BTC closed 7 green weeks, technicals indicators shows some strength.
TECHNICAL ANALYSIS :
The inverse HAS have an important role in this uptrend and will probably push BTC out of the bear-market once confirmed. The resistance is around $4200 and once broken BTC should spike up to $4800/5000, this target match with the fibo projection (1.618). On the short term the fibo resistances worked well and we can expect to hit the $3980 zone before breaing all the resistances. On the technical indicator side : the MACD is bullish on the daily graph, The RSI is strong, the ichimoku cloud is bullish, volumes are ok but we’ll see more very soon, BTC tried to break the BB resistances but haven’t really yet. we’ll see this movement as soon as the IHAS is confirmed.
BTC is now above the 150ma line which play as a support for now.
BTC will hit 5000 before it hits 1600$ ;)
support/resistances :
support : 3980, 3860, 3650.
resistances : 4200, 4500, 4800, 5100.
alt market is strong, coins of the month : ZRX GRIN DGB STRAT ETC GNT NANO SNT LISK
this analysis has been made by Mena’hem SULTAN from leviathan capital partners for the paid channel
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