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Inverse Head and Shoulders

HBAR Could Move into Weekly ResistanceHBAR could move into weekly resistance if it continues to hold the top of weekly support, if it crosses and remains above the yellow neckline shown on the chart above. If it doesn't just move up from here, it may move back down towards its previous low at the brighter green / stronger area of weekly support. If it does that first instead, I would expect a stronger move up than shown here. Keep an eye on DXY as it could affect things positively or negatively, long-term: Also, pay attention to HBAR's bitcoin pairing, it is also at the top of weekly support and in between that and its weekly resistance. It had a long wick down into weekly support so it could drop more, depending on how it moves against Bitcoin and what Bitcoin does:
BITTREX:HBARUSDLong
by dudebruhwhoa
XLMUSD 🔥 Breakout or Breakdown 🔥After hitting supply zone around 0.11 - 0.10 it started to decline up to the point that we are currently at a demand zone. From this zone I think 3 things could happen: We get a bounce off this level to continue the descending triangle pattern up until TARGET: 0.09 and then it could actually breakout from the entire triangle instead of declining again but we'll have to see how price reacts once it hits the triangle resistance. Price breaks down then the next target would the nearest demand zone at around: 0.07 - 0.08 so we'll see how this plays out. As always, manage risk accordingly. Never risk entire portfolio and study by yourself before you commit to an investment. Regards, Kina 🔥
by KinaStar
Either way - 37k or 13kTwo different ways to look at the present HSi pattern on Bitcoin, both targeting the same areas with slight divergence: - If it's the smaller dotted white line HSi, we're already near completion of a re-test, now. - If it's the larger solid blue line HSi, we could fall a bit more to complete a re-test. If either of these fail on re-test and then drop and hold below the right shoulder, targets for both lies in the area of 13k. If either succeed on re-test, the targets for both land in the area of 37k. --- If you like my ideas, please give it a thumbs up. If you don't or have an alternate opinion, please still share your thoughts in the comments. --- Thanks for reading!
INDEX:BTCUSD
by dudebruhwhoa
BTC unbeatable bullish chart patterns Hi dear community members and my loyal followers. I hope you are fine. I would like to bring your attention to this macro analysis with innumerable and beautiful bullish chart patterns. As you remember 6-8 months ago when BTC bottomed at 17.5K/a real bottom/ in June 2022 and 15.5K/spring/ in November 2022 with double bottom I publish a lot analyses and told you BTC bottomed and we are going to 28-30K. Back that time I published weekly Megaphone bullish chart pattern with 85K target/link below this analyis/, also I posted weekly falling wedge chart pattern with targets as well. Today I want to add 3 more chart patterns to those 2. BTC fromed daily bullish megaphone chart pattern, Inverse Head and shoulder chart pattern and reverse descending chart pattern. I'm bullish on BTC in 2023-2024 and expect min 48-52K in 2023 maybe 60-62K. BTW if you check all my previous analyses you we'll see how I nailed all major moves from 15.5K till now. If you ckeck my previous analyses you will understand besides these chart patterns what are other factors that make me think so and stay bullish. For short term as I posted in my previous analyses I don't expect BTC to drop below 25K, that is my worst case scenario, I even think BTC bottomed at 26.6K maybe could drop to 26K with wick taking out liquidity below 26.5K. I expect BTC to pump to 35-37K zone and fill weekly FVG. Below this analysis I will post targets for the above mentioned chart patterns. If you like my analyses don't forget to like, retweet, comment, follow me for further updates. I will appreciate any single like, comment and follow. Have a good day, I wish you good trades and huge profits.
BITSTAMP:BTCUSDLong
by ergal91
1
SPX: A Dangerous Signal Appears.• The SPX failed in breaking the resistance at 4,148, which is the neckline of an IH&S chart pattern; • If it loses the 21 ema, it might frustrate this pattern, and in this case, we would seek lower levels on the daily chart: • The index could hit its 21 ema next, if it keeps losing momentum on the 1h chart, while the main support is at 4,048; • The 4,048 is another neckline of a possible H&S chart pattern on the daily chart, and only if the index loses this key point it is going to really turn bearish. For now, pullbacks are plausible, especially if it does a top signal under the 4,148 on the 1h chart. Let’s keep our eyes open. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
Bitcoin - 2 secret patterns, no one talks about! We have a head and shoulders (reversal pattern) and ascending parallel channel on the daily chart. Both of these patterns are bearish because there is a higher probability of a breakdown. There is a lot of empty space at the bottom of the parallel channel, and I feel like we need to go down to fill up the price action. It can be a great idea to long bitcoin at the bottom of the channel because there is also a POC of the previous expanding triangle and the 0.618 FIB retracement of the previous wave. What's more, the 200-day moving average could act as support as well. This MA is used by huge hedge funds, banks, and professional traders. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If Bitcoin fails to hold the top of wave A, which is at 25250, then it will be a disaster for the price of Bitcoin, and most likely we are going to go to 15k. In my opinion, it's going to happen. Volume is totally dead. During the last wave, the bullish volume was almost invisible. There was no interest from the bulls to buy BTC on the spot market. This is indeed a positive sign for the bears to short Bitcoin. The majority is absolutely bullish, and if you want proof, check out my previous analysis in the related section down below. You need to read all the comments on this analysis so you can see all the opinions from people and NPCs. If we take a look at the RSI indicator, we can spot a bearish divergence between the last 2 peaks. It looks like the bearish divergence has already been confirmed. At least I see it. I am bearish on Bitcoin, and I expect lower prices. Gold almost reached a new all-time high, while Bitcoin is struggling, but no worries, a halving is coming in 1 year, and that will be bullish. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
133
NVDA: Reached a Critical Turning Point | Weekly Analysis.• NVDA is extremely bullish, and in spite of the top signals it gave us last week, it didn’t trigger any single one of them, frustrating any bearish thesis on it; • The 21 ema, the first support level, has been acting as a good support level this year; • The $262 is a key support level, and only if NVDA loses it we might see a further correction, maybe to the $244; • There’s one problem with this bull trend, though, which is the previous resistance at $289 (green line). NVDA has yet to break this key point, which is a quite important one, especially if we see it in the weekly chart. • The $289 is a previous top level from March 2022, and this is why if NVDA triggers any top signal around this area we could see a sharp correction; • Keep in mind, the trend is very bullish, as this year, NVDA did an upwards breakout from a Descending Channel and it triggered an IH&S chart pattern; • However, any top signal could trigger a correction to the 21 ema in the weekly chart again, and this wouldn’t ruin the bullish momentum in this time-frame; • So far, there’s no top signal or bearish structure indicating a pullback, and NVDA has everything to retest its ATH again, but we must keep our eyes open in this area. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
The END is NEARNow I understand there are a lot of shenanigan's going on in the banking sector, but I'm not going to pretend to know how exactly this will affect the price of bank stocks. Everyone and their mom is now bearish on bank stocks from the constant news of bank failures and if I've learned anything from the markets is that the market always moves against the crowd. So I make my decisions strictly from the price action and volume obtained from charts. BAC has been trending on this blue support line since 2016. You can even take it back to 2011. Each time it has bounced off of this blue trend line. However this time, it will be different. This time we had an inverse head and shoulder from which price broke down with SIGNIFICANT volume Although the price has bounced from the blue trend line for right now, it has already rejected the previous support of the inverse head and shoulders at $30. Validating the breakdown with more downside to come. The fact that a bearish pattern broke down with such high volume right above the extremely strong blue trend line tells me price action is gathering strength to be able to break below this blue trend line after years of support. When this break below occurs, it will be nasty. A rapid fall in price, not slow and drawn out. An optimistic bounce area will be between 24 to 23. However, a break of a trend line this strong can only be accomplished with significant strength, in this case bearish strength. I see BAC falling to the 19.5 to 17.5 dollar range, an area that previously was a resistance but is now a support. When will this break down happen? I don't know, but price action is showing it is bound to happen in the upcoming future. Possibly after earnings are all done with.
NYSE:BACShort
by MoRafi
Bitcoin + Comment Your Altcoin!Below this idea, I will give you my opinion/analysis of your altcoin. Make sure you hit the boost button and comment your altcoin below the idea to participate. I will do an analysis on the weekly/daily chart (long term). I start my analysis with Bitcoin: Bitcoin is currently rising, but in my opinion, there will be one last flash crash below the 16k level to wipe out all leverage traders. There are tons of liquidity and stop losses to be gained. In this corrective wave, bitcoin could hit 30k - 39k, both targets are very arguable, so I am currently bullish in the short-term. I am waiting patiently for the flash crash to buy cheap Bitcoin, and of course I want to ride the huge bull market to a new all-time high. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. As per my Elliott Wave analysis, we are in the final C impulse wave (ZigZag 5-3-5). ZigZags are often very impulsive, which is true in this case. Also, do not forget that we have an unfilled GAP on CME futures at 20k. Statistically, all gaps were at least partially filled. This gap is completely unfilled, so make sure you understand that you are going against 100% historical probability and performance if you are fully long on Bitcoin. My favorite altcoins are now Waves and Floki. Do not forget to write your altcoin in the comment section for my analysis/opinion + hit the boost button to participate! Thank you, and I wish you fun during your trades.
by UnknownUnicorn2537518
1.2 K
Ethereum Hasn't Reached 1.5x Target of its HSiThe eth/btc pair confirmed an inverted HS a while back, and hasn't yet reached its TP2 (or a 1.5x measured move from the neckline). It hit TP 1 and has since consolidated between TP 1 and the 0.5x halfway mark. It may get a chance to test that area again, potentially even falling into the Accumulation Zone shown on the chart, which might be a good spot to increase position. It also may not. Look for an eventual move to TP 2. Alternatively, I think there's a chance it could fall as low as ~0.025, making a move symmetrical to the one on the far left of the chart before finally firing back up towards 0.1 and higher. See links to related ideas below, including the alternate move back down near 0.025.
Long
by dudebruhwhoa
Will $KO get KO?This is NYSE:KO , strong dividend stock, but the beauty of this is that. Right now it have been testing to create a new high. Ever since it struggle to hold above 54 in 2021 it currently using it as the of what could be a displaced inverse head and shoulders. Primarily a beverage company, unlike its competitor $PEP. Bullish Case - It is not the clearest inverse head and shoulders but obvious none the less. With earnings approaching a strong report could help break above 64.25 and start the higher high needed for the uptrend. This buy signal looks really strong. Bearish Case - This snail will not make any highs! Do you see the down trend it is creating? It has created an all time high in 2022 time to settle sub BMV:60 before going higher. When the earning drop it will confirm the fact that it is on a decline that will continue. People want a healthier alternative to the Coca-Cola classic..... out with the old!!!
NYSE:KO
by JDTheGreat
SUPREME INDUSTRIES LTD - Inverse Head & Shoulder + Cup & Handle 📊 Script: SUPREMEIND (SUPREME INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP 📊 Sector: Industrials Capital Goods 📊 Industry: Plastic Products - Industrial Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Inverse Head & Shoulder + Cup & Handle + trendline. 📈 Current RSI is around 68. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2263 🟢 Target 🎯🏆 - 2474 ⚠️ Stoploss ☠️🚫 - 2131 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:SUPREMEINDLong
by radha_23
2
XRPUSD and XRPBTC Bullish Formations equal gainsPurely a charting play with fib extensions. Sometimes that is all you need. I have a stop in there on XRPUSD that I hope to leave alone for a year or so before I take some profit. It would be nice if we had a 500% month in XRP but that is wishful thinking. XPRUSD went into this triangle with an uptrend so the supposition is the uptrend will continue. XRPBTC has a inverted head and shoulders at the same time so I think both will reach target and I will be moving to Gainsville, Population +1.
BITSTAMP:XRPUSD
by This_Guhy
5