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Inverse Head and Shoulders

Inv h&s on xrpeth pair on the weekly chart.We can see price action on the weekly xrpeth chart is peeking above the neckline of an inverse head and shoulder pattern here. If we can close this weekly candle above it and see a bullish volume impulse on next weeks candle we should be able to confirm this breakout which has a target that would lead to xrp gaining 59% in value against ethereum. For now this isn’t confirmed, however you may have noticed I posted a chart a few weeks ago that showed xrp should be making even bigger gains on ethereum than that based on the triangle pattern it had broken above. So with that in mind, it doesn’t surprise me that we’ve seen this many daily green candles on the xrpeth chart and increases the probability of this inverse head and shoulders pattern getting validated. For now we must await the pattern validation *not financial advice*
by DrDovetail
Request REQ - Massive wedge is breaking out! + New bull market We have a huge falling wedge on the daily chart, and the price is currently breaking out! As per my Elliott Wave analysis, an ABC correction (ZiagZag 5-3-5) has been completed on the macro scale. We had a massive uptrend in 2020–2021 and also made a double top (2018, 2021), so this coin is definitely stronger than others. The first profit target is at a strong resistance (Wave B) + 0.618 FIB, but I think we can reach a new all-time high, maybe next year. As you can see on the chart, the main trendline has been destroyed by the bulls and the price is printing an inverse head and shoulders pattern! I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
49
PLD - broke above inverted H&SMissed this boat as it broke out of an inverted Head & Shoulders neckline (@ 127) and at the moment it is near a possible resistence around 136. Will be interested to buy the next dip and will manage trade with trailing stops just below the 20 day moving average RSI is strong at moment so the dip may not happen so soon. Let's see. 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!
NYSE:PLDLong
by Juliac
Keep3rV1 KP3R - Ready for a massive breakout! Head and Shoulders On the daily chart, we can spot an inverse head and shoulders, a bullish reversal pattern. The main trendline has been destroyed by the bulls! And now we are trying to break the main resistance. Also, we have a falling wedge on the LOG scale, which is a very bullish sign too. If we take a look at the volume indicator, we can see an elevated bullish volume - always good to see! As per my Elliott Wave analysis, an impulse Elliott Wave has been completed and that's why I expect a retracement. We have a great confluence here to enter a long position. The profit target is at 0.618 FIB + Wave (1),(4) ~ 609 USDT. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
KLong
by UnknownUnicorn2537518
49
F - Breakaway Gap (Time to hop on?)F's downtrend started to flatten out from mid June (trading between 10:65 - 12.45), eventually breaking above the "neckline" @ 12.45 on 19 July. It retested this neckline a week later and held, giving conviction that this previous "resistence" is now a new "support". Today it gapped up on strong volume as earnings had surprised to the upside. It is likely that some people had been betting on a good set of results since recently. The uptrend is likely firmer now. Nibbling @ current price and looking to add if there is any dip over the next few days. However, the gap @ 13.20 might not fill anytime soon (breakaway gaps usually signify the start of a new trend and do not get filled in the near term). 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!
NYSE:FLong
by Juliac
4
Litecoin LTC - New bull market! The downtrend from 2018 is over. In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011. On the weekly timeframe, we have a falling wedge and the price is currently breaking out! As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement. The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher. This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher! I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
33
The health care sector ($XLV) is looking bullish!Notes: * It seems like the health care sector is making an inverse head and shoulders pattern. * A break out from this pattern could mean that health care stocks lead the market and the sector may see new all-time-highs. * Be on the lookout for trade ideas in this sector as it's showing tonnes of accumulation recently * You may also look to buy the sector ETF if it makes a daily close above the white trend line with higher than average volume.
AMEX:XLVLong
by HaseebKhan_90
Mana trying to flip the inv h&s neckline to supportIf it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which way it will go in the next 2-4 days. *not financial advice*
COINBASE:MANAUSD
by DrDovetail
1
Synthetix SNX - Bullish head and shoulders! Elliott wave SNX is ready for an upcoming uptrend! On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout! The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4). You can set your profit target here, between 9.19 USDT to 8.02 USDT. We have a huge descending parallel channel and I think we can definitely break through this channel! I recommend only a short term trade here, because I think we need more time for this altcoin to gain strength again. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
COINBASE:SNXUSDLong
by UnknownUnicorn2537518
24
CANBK Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:CANBKLong
by Chartmaniac