IH&S on ADA dailyADA / USD (trading view) on daily chart.
Cardano appears to be breaking the neckline of an inverse head and shoulders that dates back to October of 2022 (6 mo). Shoulders, head and neckline are all indicated on the chart. Resistance of the breakout will come at $.59 but could blow past it if the breakout goes parabolic on the daily chart.
Good luck! NFA
Inverse Head and Shoulders
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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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This One Chart is Key for Altcoins!Traders,
It's simple. The Altcoin Market is currently preforming a classic re-test of previous resistance (now support) at the inverse H&S neckline:
- If it holds, Alts are safe for the moment and will continue upwards short term.
- If it breaks, the inverse H&S pattern becomes invalidated and alts have further drawback ahead.
Keep a close eye on this chart.
Stew
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.
ED - Inverted Head and ShouldersOn the chart we can see an inverted head and shoulders, which got rejected at the neckline, and we now expect it to retest and break the neckline.
We see current level as a good opportunity for an entry, but would at least wait for the market to open, to see how it will turn out from the current dump.
A breakout trade would give a ROI of 21%, while an entry at current level will give a possible ROI of 30%
ALYA - Inverted Head and ShouldersOn the chart, we can see an inverted head and shoulders been broken.
The current level is being tested, and we therefore expect a pullback to the neckline, where we will take our entry.
William Alligator implies continuation to the upside, after expected pullback.
Stop-loss, target and ROI are shown on the chart.
Good luck!
BTC 1DAY Inv Head & ShouldersHey everyone, thought i would share.
BTC 1 day chart.
Inverse Head and shoulders angled upwards.
Rising wedge, still room to move inside.
Measured moves 32K and 38K and 42K
Rising wedges probability is about 68% chance of the down side, but like i said its got room to move yet.
Moving averages moving up nicely
FTMUSDT 🔥 Uptrend Continuation Set upHey guys,
Here's my quick analysis for FTMUSDT for a Daily Timeframe Short Term Spot signal 🔥
1. Daily Timeframe it started to change character from ranging market to uptrend. We can see after the N wave, price started to consolidate and form and Inverse Head and Shoulders Pattern.
2. We've got a breakout from a downwards trendline price has been respecting and bounced off of it multiple times.
3. We need a re-test to trendline plus a candlestick set up to enter the trade, you can enter in H1/H4 per your trading strategy. Then, as for targets go, I'll go for the next supply zone to be safe 0.60 mark. So I'd suggest you take profits earlier before price enters Supply Zone.
Happy Trading and manage risk responsibly.
Regards.
Kina
iExec RLC Should Resume Bullish Move SoonIf we successfully remain above the neckline, we should go for the weekly's inverted HS pattern targets at 1064 and 1490.
We nearly hit 1064 on the first move up after crossing the neckline, and then nearly lost the neckline after closing below it briefly.
There is also a golden cross on the 50/200 day EMA and this is our 2nd time approaching a cross back in the other direction, the first unsuccessful. If this 2nd attempt at a death cross is also unsuccessful, the bull case gets much stronger, and 1490 could be easily exceeded. Not pictured is the golden cross on the 50/200 day MA, which is still golden ;)
$JD Potential IHS still intact Hey guys, after a big down day today, I wanted to take a look at the chart again. The inverse head and shoulders is still intact. I really want to see the RSI trendline keep that incline slope.
If it doesn’t hold RSI tendline, we may head all the way to oversold conditions, which could be several dollars below here if we don’t get a significant rally. Also, It could potentially be a sign that the selling pressure is still present.
Everything here is just an opinion, and made for entertainment purposes. This is in no way, shape or form any any type of financial advice or advice in general. This is for entertainment purposes only.
TLT | Inverse Head & Shoulders | LONGThe fund will invest at least 80% of its assets in the component securities of the underlying index, and it will invest at least 90% of its assets in U.S. Treasury securities that the advisor believes will help the fund track the underlying index. The underlying index measures the performance of public obligations of the U.S. Treasury that have a remaining maturity greater than or equal to twenty years.
$BB Trend ReversalBlakeBerry Limited is showing a sloped inverse head and shoulder on the daily. Following earnings there was a high volume surge pushing the price higher, maybe selling those patents was a great idea after all... Anyway, this is currently a risky play to enter now as price action is below 200MA. Depending on this coming weeks stock performance I might jump in on some option calls. I do like that the price seems to have stabilized all week around $4.55. My entry would be around $4.35 with a stop loss at $4.15.
Enough Confluence For A Long Position?My mentor, and I have a totally different bias on AU. I heard him out, and watched as he charted both sides. His main confluence was a bearish engulfing candlestick on the monthly chart. Pushing him toward "sells" only in the month of April. While that can be intimidating, on the technical side, along with his other confluences, I see potential continuation of an uptrend ; due to Australia raising interest rates! , I decided to soak in his bias, and counter his bias, with my own. Knowing fundamental analysis is usually the total opposite I decided to share why AU may go up, While the USD is strengthening, the Australian Dollar may go "Long" going into Monday.
Inverted HS Pattern on Weekly?Possible inverted HS forming on the weekly Ethereum / BTC chart. Question is - are we forming the right shoulder now, or will we see a strong dip forming a more symmetrical right shoulder first?
Chart is marked Long, but could be a strong short down towards 0.02 btc prior to turning long. Need to see weekly break and hold above the neckline before actually positioning a long.
US30 | INVERSE HEAD AND SHOULDER | Bullish An inverse head and shoulders pattern is a bullish chart pattern that forms after a downtrend. It consists of three lows, with the middle low (the head) being lower than the two other lows (the shoulders). The pattern is completed when the price breaks above the neckline, which is a trendline that connects the high points of the two shoulders.
On the other hand, the CURRENCYCOM:US30 US30 chart a pattern of lower lows and lower highs is typically associated with a downtrend, as each subsequent low and high is lower than the previous one. This suggests that the market is making lower lows and failing to make new highs, indicating a lack of buying pressure.
It is important to note that technical analysis is just one tool in investing and should be used in conjunction with other forms of analysis, such as fundamental analysis and risk management strategies. It is also important to remember that past performance is not necessarily indicative of future results, and investing always carries risk.
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