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Inverse Head and Shoulders

BTC UPDATE! BUYING HERE WITH AN EASY INVALIDATION!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. After Powell's hawkish comment on the Fed Interest rate, BTC plummets below the FWB:25K level. As you see in the chart, this looks like a proper retest. After breaking out from the head and shoulder pattern in the higher time frame, currently it is retesting the neckline. If the price holds above this neckline then we might see the start of a new rally from here. Invalidation:- If this 2-D candle closes below this neckline ($24.8k) then this chart becomes invalidated. What do you think about this? Do you think that price holds here or do you think that it dumps more? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
Piedmont Lithium continuation of Bullish DivergenceHey Folks! This is an update to my Head and Shoulders bullish divergence idea. You can see the double bottom Stochastic RSI and continued price increase. Granted it's not the most bullish divergence, but the H&S pattern at this moment, is more likely to play out than not imo. It's not unusual for price to stray only to come back into the fold in a H&S. 10 avg volume has increased slightly after today. I don't pay much attention to analyst price forecasts, but in this case the targets are worth looking into and make technical sense to me. In fact I think they are modest. I'm looking for a 100% return if Piedmont can get their mining permits approved by North Carolina. If approved, PLL would become one of North America's largest sources of lithium for electric vehicle batteries for Tesla and others. This permit approval also adds an extra measure of risk to keep in mind. Also, there is a bearish case of a gap fill at $11.70 and there is a lot of liquidity in the mid 20's. I think this would be the result of a fundamental upset with the permit. Price broke March 31 resistance at $60.94 and looks to be retesting that zone. I will update this idea accordingly. Not financial advice. Happy Trading! OnePath
NASDAQ:PLL
by OnePath
SoFi Technologies Inverse Head and Shoulders Breakout ~$12 PTThe Inverse Head and Shoulders pattern is a classic technical analysis pattern that signals a reversal in trend from bearish to bullish. It is the exact opposite of the Head and Shoulders pattern which indicates a bearish trend reversal. Here's a detailed description of the Inverse Head and Shoulders pattern with key indicators: 1. Formation : This pattern is characterized by three consecutive troughs with the middle trough being the deepest (the "head") and the two outside troughs (the "shoulders") being shallower. Ideally, the two shoulders should be roughly the same distance from the head and there should be a noticeable downward trend in progress. 2. Neckline : The pattern is framed by a "neckline" drawn by connecting the high points of the two troughs. The neckline serves as the level of resistance that price must break through for the pattern to be considered complete. 3. Volume : Volume plays a crucial role in identifying this pattern. During the formation of the pattern, volume tends to be higher during the descent into the left shoulder, lower during the formation of the head, and increase again during the rise of the right shoulder. A noticeable increase in volume on the break above the neckline confirms the pattern. 4. Relative Strength Index (RSI) : The RSI is often used to confirm the pattern. The RSI, which ranges from 0 to 100, is a momentum oscillator that measures the speed and change of price movements. During the formation of the pattern, the RSI might become oversold (below 30) as the head forms and then start to rise as the right shoulder develops. A break above the neckline often coincides with the RSI climbing above 50, which is a bullish signal. 5. Duration : The formation of an Inverse Head and Shoulders pattern can take several weeks to several months. The longer the pattern takes to develop, the more significant the potential price reversal. 6. Conclusion and Breakout : The pattern is confirmed when the price breaks above the neckline, preferably on higher volume. After the breakout, the price may retest the neckline (now acting as a support level), before continuing its upward move. This is referred to as a "throwback". 7. Price Target : The projected price target is found by measuring the distance from the neckline to the bottom of the head. This distance is then projected upwards from the breakout point at the neckline to provide a price target. The Inverse Head and Shoulders pattern, while a powerful tool, is not foolproof. It should be used in conjunction with other technical indicators to validate and confirm signals, reducing the risk of false positives. Additionally, market fundamentals should not be overlooked while considering potential trades based on this pattern.
NASDAQ:SOFILong
by Diegolas_
2
DOGE - 81% crash is starting! (Sell all your coins, no time) If you haven't sold DOGE, you should do it as soon as possible because otherwise you will experience a critical 81% crash. But fortunately, I am here to protect your funds, and in this analysis, I will tell you why this crash is going to happen! First of all, we can clearly see that the price is moving in the descending parallel channel on the macro-weekly chart. The price is inside the channel, and we have a total of 5 touches. This is definitely a valid parallel channel on the LOG scale, and Doge remains in bearish mode. What's more, there is a bearish head and shoulders pattern, and the price is very near its neckline. You still have time to react, but the crash could be very steep and disgusting, so what you want to do is short Doge instead on the futures market if you want to make money on this coin. In April, Twitter changed its logo to the Doge coin logo. It was supposed to be bullish, so everyone was buying like crazy, but instead the price went down even below the starting bullish candle. It was clearly an April joke from the Twitter owners, and there was no plan to start a bull market. So why do they do that? Clearly, the investors that bought the news are at a loss, and an 81% crash is starting so... The bottom could be at 0.618 LOG FIB, but I think we are going to go even lower than that. But this is definitely a good level, so you can buy Doge at the FIB for a short-term bounce and make money. It's going to be a great trade. Make sure you do not forget about this upcoming trade with a 200% profit. I will, of course, notify you about it, so set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! 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. Overall, Doge is bearish, but I believe we will see a new all-time high, but it's not going to be soon. This coin is not going to zero, as it is valuable. We need more time so the whales can buy this coin at a cheap price! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
139
BASE - Inverted Head & ShouldersFor the past 3 weeks, BASE has seen higher volume (accumulation) leading it to break out of an inverted Head & Shoulders Formation (bullish) last week. With earning expected on 6th June, it is likey that it's earnings could be positive. However, whether the recent up move has already factored in a positive earning (and then "sell on news") remains to be seen. If it started to sell off on "news" after earnings is announced, it could present good entry opportunity to long if it remains supported above the 50% retracement of it's recent upswing AB. However, if it gaps up after earnings, then we need wait and see if it begins to consolidate before looking for signals to long (bullish patterns, divergence, fib support, gap close etc). This inverted H&S basing formation had formed over 12 months+ and looks to be credible for longer term upside, not to mention it is also now above it's 200 day MA (although it could be risky to long in the short term due to earning announcement risks). Let's see what happens after earnings and whether opportunity to long present itself after. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:BASE
by Juliac
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