GBP/JPY - 1H - Inverse Head & ShouldersGBP/JPY is in a bullish trend . The price action just formed an inverse head & shoulders chart pattern and broke out of its neckline . Expecting bulls to push prices higher towards resistance .
Inverse Head and Shoulders
⚡️ #CHZ/USDT - LONG - #SCALP #IDEA⚡️⚡️ #CHZ/USDT - LONG - #SCALP #IDEA⚡️
Risk
- Medium-Low
Entry Conditions:
- Inverse Head & Shoulders Pattern in play
- FC Barcelona To Accelerate Web3 Strategy As Socios.com Invests $100m In Barca Studios
News Source:
- medium.com
Entry: $0.1387
Take Profit 1: $0.1447
Take Profit 2: $0.1532
Stop-Loss: $ 0.1334
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*
Audjpy inverse HEAD & SHOULDERS BRK?I am noticing a potential CONFLUENCE breakout of both a falling channel and an inverse head and shoulders.
Am entering long on break and retest.... For a quick 3.48R.....
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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.
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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!
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"!
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!
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"!
LTC inverse head and shoulders#LTC/USDT
$LTC broke out from neckline of inverted head and shoulders pattern.
🐮 so price will continue its rally as high as head height.
The Consumer Stables sector $XLP is looking bullish!* Breaking out of an inverse head and shoulders pattern
* Measured objective for the pattern is around the all-time-highs
You can trade the ETF itself or find buying opportunities in individual stocks in this sector.
DYDD before buying anything and always manage your risk!
CBOE - Right ShoulderA right shoulder of an inverted Head and Shoulders pattern is yet to form along the major uptrend on this daily uptrend
This is a very bullish scenario
The health care sector ($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.
KIM - Right Shoulder (INVERSE H&S)Inverted H&S pattern
Right shoulder is currently forming and yet to form its bullish side up to the dotted line
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*
Nuvoco is showing multiple breakouts stay tuned!Multiple confirmations of a reversal
Looks like it will shoot up
Stay tuned!!!
A little pre-attempted trade
Inverted head and shoulder
Resistance breakout
trendline breakout
High volumes
HEAD & SHOULDER AND INVERSE HEAD & SHOULDER In this tutorial, we go in-depth explaining the head and shoulder & the inverse head and shoulder patterns.
Comment your thoughts, like and share 🙂
XTIUSD | BuyEntry parameter ;
1. Fibo 61.8
2. Right Shoulder of Inverted HnS (Expected)
3. Demand Area of Rally Base Rally
4. OB H4
Entry Buy = 93.00
SL = 91.15
TP1 = 102.50
TP2 = 108.50
RR1 = 1 : 5.14
RR2 = 1 : 8.38
$Shib Inverse Head and Shoulders Pattern FormingI’ve been seeing the inverse head and shoulders pattern forming since June. If thesis is valid, and BTC doesn’t take the entire crypto market down with it, we might see a recover to the 2 levels.
FTX:SHIBUSD
UKOIL BUYBrent has formed an inverted head and shoulder and from the looks of it, we can expect bullish movement towards the resistance zone highlited.
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"!
