NASDAQ/US100 - ABC WAVE - UPDATEA month ago I made a call that NASDAQ would continue to correct through an ABC wave (see related ideas)
So far its playing out so I decided to give it a little more attention, with additional situations for consideration. Patterns could be wider or thinner than anticipated depending on news, fear & volatility.
Bullish scenario: Inverse H&S
Diverging from the initial ABC wave I plotted last month, should the impact of the current political turmoil pertaining to Russia deescalate, we could see an inverse head and shoulders.
Bearish scenario: Macro ABC correction
Should the political turmoil continue, or general market fears as people try to find a safe asset to allocate to such as metals, healthcare stocks, weapons manufacturing, we could see a continuation of my initial ABC wave, although I have tightened it up slightly to account for the obvious volatility in global markets.
Crypto: Decoupling opportunity
Currently US100 price action is also DIRECTLY influencing $BTC.
If BTC ever needed a shining moment to decouple from US100 in a dramatic manner, it would be for it to follow the bullish inverse H&S pattern, whilst US100 follows a the deeper ABC corrective wave. This would drag every other crypto up along with it.
Alternatively it would be an excellent moment for $ETH to shine and initiate the coveted flippening.
However, if BTC or ETH fails to follow the inverse H&S pattern, they will likely be dragged down with US100 on the macro ABC roller coaster.
War escalation scenario:
There's a possibility stocks could straight up tumble all the way down to the lowest trend floor. The red, yellow, and green boxes indicate areas with liquidity where I would theoretically DCA.
If the price reaches such lows of 8k it will call into question the current economic model. If there was a time for a Great Reset, or for a global movement to be rid of monetary finance altogether, this would be it.
It will either be the greatest buying opportunity in history, or the end of traditional finance as we know it.
If a war is nuclear? Well you'll be lucky to have electricity to trade with.
Nobody wins.
As always, I could be completely wrong with all of these ideas.
Inverse Head and Shoulders
#MKR Inverse Head and Shoulders. Target = $975#DEFI protocol
looks to be triggering right now!
Weekend #Crypto PUMP?
#Bitcoin still poses risks to holders and we are still not out of the woods, a mini run to $20500 seems likely
but we must at some point hold on to the key psychological level of 20k and start making firm progress
as these high@s getting lower on the medium time frame is pushing us into a decision point Apex.
Will crypto finally decouple in these rapidly changing macro environment.
We know the end of the crypto bear is close , but also we need to take advantage of opportunities that prevent itself.
Quant QNT - The most bullish high cap is breaking out!
This altcoin is on fire right now because the bearish market structure is breaking out!
On the daily chart , we can spot an inverse head and shoulders ( bullish reversal pattern) and a descending parallel channel . Both of these patterns have been destroyed by the bulls recently!
This altcoin can definitely survive an upcoming crash on Bitcoin , so if you are pumped, then you should buy QNT right now!
As per my Elliott Wave analysis, the new uptrend started with a strong impulse wave (1) and we have also successfully finished an ABC zigzag wave (2). Now wave 3 is in progress, and this wave you really don't want to miss.
The previous all-time high is indeed a strong resistance, so you can take profit exactly at this level or slightly below to make sure you will get filled.
QNT is currently one of the most bullish altcoins in the TOP30 category, and you really want to sell ETH if you haven't already.
This altcoin is tremendous, and a 187% profit is really nice, isn't it? The bulls are right here right now!
95% of altcoins looks terrible, but this is definitely an expection. This trade provides a pretty good risk-to-reward ratio.
For more analysis, hit "Like" and "Follow"!
BTCUSDT: Inverse Head and shoulder Hello traders!
Welcome back to another episode with analyst Aadil1000x.
Today BTC has formed one of the most common pattern which is the Inverse Head and shoulder pattern But the way we trade is not common.
As I always tell you moving toward the breakout is never a great idea whether it's H&S pattern or support and resistance or trendline. But doing about will be in your favor.
There was a strong NEWS and most probably after a breakout BTC will fall down. There is also a doubt in the pattern at the bottom as it is not perfect so BTC needs to form a nice bullish pattern before moving up.
This post is not trading advise, it's an overview of the next move.
STPT | +4000% Brutal Gains! Sleeping Giant
STPT (Standard Tokenization Protocol) is a sleeping Giant, but when wakes up it will be huge, you can be pretty sure about that!
We have been moving sideways for more than 3 years now on the weekly chart, and if we break this head and shoulders pattern, it will be tremendous!
4000% profit is a lot and I don't want to miss this altcoin, unfortunately, we can go sideways for another 1 year. So if you buy now, you can sit on the coin for a long time before it explodes.
Yes, you can buy now and tomorrow it will be +1000%, it's really possible.
Keep in mind that this is STPTBTC chart, not STPTUSDT chart. If you buy this coin, then your USDT value can go down, 50% drop is possible. You can buy this coin, if BTC hits 13k in the immediate short term.
For a confirmation trade, buy a breakout above the Head And Shoulders pattern if you don't want to wait and want to catch the momentum. But there is a chance of another rejection at the neckline, which can lead to 50% decline almost immediately.
Also, there is a local trendline that you can clearly see on the chart and if the bulls can break this trendline, then there is definitely a potential.
I think this coin is a great choice and even if you buy for only 5% - 10% of your funds, it can be a smart bet.
For more analysis, hit "Like" and "Follow"!
ABNB: Inverse head and shoulders on close watchABNB
What a beautiful and clean inverse head and shoulders on ABNB.
Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161.
This one is a bit tricky though as there are some resistances ahead:
-The horizontal resistance at 130
-The down trend line connecting all the previous highs since November.
A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly.
I will long the stock above $130. First target will be $147.
Keep it on your watch list.
Trade safe.
$UNI - Catching Up with $QNTHello my Fellow TraderZ,
This is very interesting to see how the #DEFI with strong fundamentals are showing the sign of reversal to the upside Breakout.
Here we have $UNI/Usdt chart exactly the replica of $QNT which recently broke its Inverse Head and Shoulder Pattern and currently retesting to confirm the Breakout.
$UNI is also about to complete the Right shoulder of the Inverse H&S. If this pattern plays out, will see a handsome profit of ~82% with upside movement. All eyes on #Btc which could anticipate this breakout.
Till then Happy Trading. CHEERS!!!
$SOLANA - Back in Bullish TerritoryHello my Fellow TraderZ,
So here we have $SOL today which is trying to hold up here after breaking the Trendline. Few more candles above the Resistance will clear the line for LONG Signal.
Also see the Inverse Head & Shoulder Pattern, which is still validate and post- breakout the price is retesting the neckline.
All eyes on Powell Feedback about #CRYPTO's future now till then waiting before any further trade.
Happy Trading Fam. Cheers!!!
USDJPY - Short Idea. I break down where I see price action struggling to make new highs.
I also step back and point out a very sizable "inverse head & shoulders"
These pattens could take months + to play out - if they do.
3:1 RR
1% Risk happy trading.
Inverse Head and Shoulders Pattern Spotted on the Daily!Traders,
Heads up on this Inverse H&S pattern I spotted on Quant. If it breaks that neckline, we're in for a nice ride up!
Stew
Things that make you go Hum!This is an exploratory thought.
Posting for future review not actual trade.
Tomorrow I am expecting a weaker continuation to the downside with some possible chop or a bounce around the 280 mark.
TSLA is one of the few stocks that have held well during this market drop and they still have some room to the upside before they should text newer lows. (my thoughts)
Of course the markets have their own plans. Yet I will be looking for a bounce around the 280 level and watch it closely to see if it fulfils this pretty drawing here.
If the 280 levels are broken then expect further downside to 266 and we ight not have breaks then.
Have fun.
Algorand looks ready to trigger its inv h&s patternAfter doing a fakeout above the yellow neckline we now have price action for king above the white neckline….not sure which one will be the most valid but if the white neckline reaches its target they both do. I imagine it will be retesting the 1day 200ma before too long. *not financial advice*
XRPETH continues to rise above a bigger inv h&s necklineAfter reaching the breakout target of a much smaller inverse head and shoulder pattern, the price action on the xrpeth chart has continued to pump and is now sitting above 2 necklines of a much bigger inv h&s pattern. The only resistance it is yet to break above is the yellow horizontal neckline of a double bottom pattern that also doubles as a horizontal channel. Flipping that top yellow horizontal line to solidified support will be the final confirmation we need to know that the inv h&s pattern is going to get validated. There are 2 different breakout targets posted here for the inv h&s pattern. The smaller one is for if the white neckline is more valid and the larger target is for is the turquoise neckline is more valid. I get the feeling both targets will be reached in due time. I will post the chart of the previous idea that showed the smaller inv h&s not shown here down below. *not financial advice*
Silver in inverted head and shoulders.Silver - Intraday - We look to Buy a break of 19.67 (stop at 19.57)
A bullish reverse Head and Shoulders is forming.
Previous resistance located at 19.65. A break of bespoke resistance at 19.50, and the move higher is already underway.
There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 19.94 and 20.20
Resistance: 19.65 / 20.00 / 20.20
Support: 19.20 / 19.00 / 18.60
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Wish you all the bestGL to all...
Do your research, trust nobody, look first then leap, and don't trust your "feelings" that much...
Inverse head and shoulders with breakout confirmation LUNCUSDInverse head and shoulders with breakout confirmation also known as break hook and go LUNCUSD. Just in time for the 1.2% burn tax
$XRP - Road To HELL or HEAVEN ?Hello my Fellow TraderZ,
Today we going to analyse the chart of the BEAST In-Survival - $XRP.
On DTF, we can see here #RIPPLE is forming an Inverted HEAD & SHOULDER Pattern. The break of the TrendLine is done and a Retest in progress.
Well, we have Two Scenarios here :
1. Price closes the Daily candle above the both EMA55 an Neckline of the Inverse H&S which will maintain the validation of this pattern
2. Price closes the Daily candle again below the Neckline and EMA 55 which would invalidate this pattern further. This is more likely as the Today's SELL volume is stronger than the previous Days' volume.
Keep an close eye on $XRP in both the scenario as this WEEK will be very volatile on either side for Global Maket.
Happy Trading . CHEERS !!!
Inverse Head and Shoulder As we can see There is an Formation of Inverse Head and shoulder pattern which is Reversal Pattern.
Just wait for Proper Breakout For long Entry.
Trade safely my friends and let me know your views in Comments.
XRPETH just hit the target of a micro inv h&s breakoutWe can see it has wicked slightly higher than the measured move breakout target. More importantly, in reaching the target of the mini inverse head and shoulders, it has taken price back above the neckline of a larger inverse head and shoulders pattern as well. I anticipate a retracement candle or few to retest the neckline of the larger inverse head and shoulders neckline as support if it can solidify that larger neckline as support we should see XRP continue to make considerable gains against ethereum in the coming weeks and possibly even months. Once we have confirmation that we are likely to validate the breakout of the larger inv h&s pattern I will post another chart that focuses on its measured move. *not financial advice*
XRP dominance is currently retesting the neckline of inv h&s.Currently one candle close above the neckline and the current candle is so far retesting that neckline as support. If this validates we should see xrp gain a considerable amount of market dominance back that it had lost over the last few years. May take a few candles to confirm..could also easily dip back below the neckline for a bit as well as is common on most inv h&s patterns after the first initial breach above the neckline. Also possible it could trigger in the next few candles *not financial advice*
OH MY $SPY !! Here is my full analysis - Lots to Review!$SPY has me on the edge of my chair here on the weekly and boy is there lots to review..
Let's start with where we left off last time..
The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory.
(Green Outline) represents a BROADENING DESCENDING WEDGE (Bullish) which has been respected since the beginning of the year in January. A bounce off $390 will send it upwards to a 3rd tap of the upper trendline and possibly break-through. A break through does not necessarily mean new ATH, OMG we broke through, "new all time highs" .. umm no sir .. this particular pattern could break-out and epically FAIL.. here is why..
(Purple Outline) is highlighting a RISING WEDGE (Overall Bearish) - should we hold the line here, at $390 on the weekly, this pattern will continue upwards to tap the upper trend for a 3rd time (generally followed by a heavy rejection - hence bearish), this compliments the INVERSE HEAD & SHOULDER mentioned above, but technically would end up failing as it nears the neckline aka top channel of the rising wedge.
But let's not lose sight so quickly, we still have to hold the line near $390 tomorrow in order for these patterns to play out without failure. I provided a chart earlier today from my phone of the current falling wedge on spy 15 min - 1 hour time frame so I am hopeful for a run up BUT if we break below -- there are many areas of support and plenty of gaps to fill and trades to be played.
GAPS are marked in RED.
Good luck traders!
ABNB - Inverse Head & ShouldersABNB has completed the formation of an invert H&S bottom and looks to be on the verge of breaking up. Will it happen?
When it does breakup, it is normal for the stock to retrace after a few days to retest near the neckline (which ideally should then become the new support). If and when this happens, it will present a 2nd opportunity to stake.
Theoretical Target will be the distance between the lowest point (head) of the pattern to the neckline, and then projecting this same distance up from the neckline (ie around 165).
Let's see if this trade will work out!
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!
