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Inverse Head and Shoulders

Solana nearing the precipice of a breakout?We can see that solusd’s price action is now retesting the top trendline of this purple symmetrical triangle it has been in since around august of 2023. Obviously it only matters once we break above this trendline and flip that trendline to solidified support. Until that time one must remain levelheaded and not chase any breakout that is unconfirmed. If it were to trigger a breakout sometime within the next few days the target would be around $50 or slightly higher. The top trendline of this triangle also qualifies as an inverse head and shoulders neckline. We can also see that the measured move target for the breakout from the descending tan channel is above this neckline which increases the probability we will trigger the breakout of the purple triangle on the way up to hit the measured move target of the tan descending channel breakout. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
Dxy Dropped. VIX Dropped. You Know What That Means?Traders, SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top. We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now. I was stopped out of the NVDA play and will update my spreadsheet soon! BTC and SOL shorts are still on and SOL is well into profit. Stewdamus
INDEX:BTCUSDLong
by stewdamus
3
TRX MANA XRP If I'm Right XRP and MANA getting ready to crushNot financial advice. All charts are made on current market conditions. This is a correlation chart and shows how TRX has already performed the inverse head and shoulders move and has risen 23.25%... Pay attention to the moves on XRP and MANA... It's Moving in exact same manner and once the neckline is broken big gains await us. Always find your first movers and pay attention to how they move then find corresponding charts for repeat moves. Both MANA and TRX need to break the necklines as noted but once they do we are A Ok. Always practice patience #PIK Patience is Key #TLAW Think Like A Whale
Long
by ThinkLikeaWhaleTLAW
1
$Mana : Advanced Analysis of Potential Trend Reversal! "Unlocking Cryptocurrency Insights:" In the realm of sophisticated technical analysis, Mana, a cryptocurrency of interest, is currently in the throes of a breakout from a meticulously observed weekly triangle pattern. This pattern signifies a pivotal juncture in price dynamics. Moreover, the formation of an Inverse Head and Shoulders pattern, consisting of left, head, and right shoulders, is now on the radar. This pattern is renowned for its potential as a market reversal indicator. However, the fulcrum of the analysis pivots upon the forthcoming Bitcoin halving event, a seminal occurrence in the cryptocurrency domain that profoundly influences market sentiment and trajectory. s3.tradingview.com s3.tradingview.com BINANCE:MANAUSDT
Long
by UnknownUnicorn3237473
2
Link breaking up from bullflag & inv H&SNot even factoring in the much larger monthly pattern link is breaking up from here and only focusing on the inv h&s and bullflag. Will be interesting to see how price action plays off these measured move lines on the way to their targets. While it seems like we have definitely triggered the breakup from the bullflag I don’t think it has officially broken upward from the inv h&s neckline just yet, but likely will soon. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
BTC Weekly Analysis: Breaking Trendlines & Anticipated Targets A comprehensive examination of Bitcoin's recent performance reveals a noteworthy development: its current valuation stands at $29,700, having breached a significant weekly trendline. This breach suggests a potential trajectory, with the immediate target identified at $31,818, followed by a subsequent level at $34,083. However, it's important to acknowledge the potential for a retracement to $29,038, though such a move is considered less probable at this juncture. I'm looking for it to complete a Three-Drives-Pattern to the high. #NFA
INDEX:BTCUSDLong
by UnknownUnicorn3237473
BTCUSD 12H Inverse Heah & Shoulder Breakout#BTC #ETH The 12 hour chart is showing an inverse head and shoulders formation that is coming to an end. Make sure you use support line for stop loss as always. THis chart is sharable. If you scroll back on it you will see just how crazy accurate the cloned support line is with resistance tops. The 2018 actually lines up as will with resistance! Anyways. I don't know where take profit will be. But I'll just set an alert on Tradingview and let them worry about it. Good hunting!
COINBASE:BTCUSDLong
by Craig_Claussen
a close upA bit closer look at BNT/USD... not a huge fan of fan fib but here's an example. we could see this push up to the .66 and if there is a break we could see some major movement within this coin. Not financial advise keeping a small bag to make a decent profit as XRP/USD is a more reputable coin in the long term. This coin is strictly for scalping some quick profits to put somewhere else but we could see something big coming up. remember Risk management and good luck, have fun with it.
COINBASE:BNTUSDLong
by Ncard137
Solidifying 31.7k as prolonged support could trigger an invh&sWe can see that awhile back we formed a very subtle and tiny left shoulder to this potential pattern that most people may tend to overlook, and the rejection from our most recent high on bitcoin helped solidify a potential neckline for this currently speculative inverse head and shoulder pattern which then gave us the ability to make a measured move guesstimate for its breakout target, and it is quite staggering. From what I’m seeing here, if we were to maintain solidified support above this neckline for a prolonged period of time then it should trigger this pattern and give us the opportunity to reach a breakout target somewhere between 64k and 65k! This of course is the target we are giving when viewing this on the log scale shown here….when you switch it to linear the target you get is around 48k which I think currently is a much more practical target to shoot for than the 65k log chart target,however we may see both come to fruition before Q3 of next year. I anticipate the 48k target before Q2 of next year. I arbitrarily placed the dotted measured move breakout line at November 11th but there’s a chance it could breakup even sooner than that possibly the 29th of October even…also a chance the neckline could maintain resistance all the way well into december or perhaps even as long as ja unwary or February of next year. We must remember that there have been plenty of times in the past, especially during the sideways phase of the market where price can break above the neckline and then ultimately go back under it 2, 3, even 4 times before finally confirming the breakout of the pattern. Must remain patient and vigilant. As Larry Fink stated, many blackrock clients now view crypto as a flight to quality and the way the world is going, we may see people implement those flight plans sooner rather than later. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
XMRBTC Inverse head and shoulder sets up breakoutQuickpost XMRBTC has been exploding sideways for over 1400 days. While it has done so it has created a macro symmetrical triangle that I suspect will break to the upside. There is a inverse head and shoulders that has been developing for about the last 6 months and is seems ready for the right shoulder to makes its move to the neckline then perform. The inverse head and shoulder market is a mere 25% The triangle target is about 400%. This leads into the XMRUSD cup and handle which I want to get 150x out of.
Long
by This_Guhy
10