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Inverse Head and Shoulders

XPRT Persistence Token Showing Inverse H&S Pattern FT 1.97Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation. Entry = Price upon candle close on the 4hr. Stop = Somewhere below neckline. I chose 1.53 Target = 1.97 but taking profits along the way. Risk/Reward = 3.33 Best to you! Stew Here's the BTC.D chart showing resistance:
XLong
by stewdamus
Long BTCUSDTlot of people had lost money buying YFII and investing in scam coins and wanted to recover their losses, Whales had been defending this 29k-30k level multiple times. Everytime, it drops below 29k, it will rebounce back, this shows a sign of strength where whales are accumulating. This might be your last chance to buy bitcoin at the dip. BTC had made a bullish flag pattern and it fake out of the range. It made an inverse head, and closed back into the range. This is a bullish formation whereby btc made a fake up before going up. Now , btc is doing a small weird correction before going up to 38k This is very bullish . This should be the macro bottom. Hence, btc should moon from here and target 38k . This is not a signal and do not follow but a trade idea. Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long
by Future_Wei
Lucid breakout?I'm liking the look of this inverse Head & Shoulders forming, as well as approaching the down trend resistance we've been in since November. RSI broke this downtrend a while ago and recently re-tested, so I'd expect to see similar happen on the chart. We're also in a descneding broadening wedge, recently bouncing off the bottom and looking to head towards resistance. Waiting for confirmation will be the best trade, breaking $20 then getting a successful re-test of the neckline and trendline. My take profit target will be $25 to secure profits of about 25%, although it may overshoot to previous resistance of up to nearly $30.
NASDAQ:LCIDLong
by SlumberJack92
Wirex (WXT) is in uptrendHello Friends, Currently, most of the cryptocurrencies are in a downtrend but WXT is in uptrend. It also looks like Wirex is forming an inverse head and shoulder pattern. We can get some decent profit if WXT continuous uptrend. Don't forget to manage your risk as the crypto market is highly volatile in nature. Wirex (WXT) is a unique multi-blockchain cryptocurrency that powers the X-tras rewards program. Wirex customers can earn up to 4% back in WXT every time they use their Wirex cards in-store or online, or up to 12% annually on the balance of their WXT accounts with the Savings Bonus feature. Do share your opinion in the comment section.
WLong
by NaveenDsouza
SPY possible Inverted H&S ?Here is a look at the possible Inverted Head and Shoulder formation on SPY (1hr) One thing to keep in mind, SPY is clearly in a downtrend, and there is no point in trying to time the bottom, the smartest thing to do is play what you see, take profits, reset and do it again. On this 1 HR chart, there is a possible inverted H&S in the making. Left shoulder being at 394.75 level (approximate) Head being the low at 385 and now SPY could attempt to put in the right should (394.75) SPY has a very strong resistance at 404 / 406 level, which would be the neckline . Below that level, We are still in a bear trend. Above, we could have bottomed. I want to see if we are going to pullback towards 394.75 to form the right shoulder and see where it goes from there.
AMEX:SPY
by TheBullandBearLounge
Right on the DOT/USDTDOT/USDT 🟢entry: $18.060- $17.295 ❌stoploss: $17.730 🎯tp1: $28.420- $27.360 🔼potential %profit: +56.57% 🔽potential %loss: -10.66% r/r: 5.31 Hi Everyone, 🥀this trade idea is fairly self-explanatory. i see an inverse head-and-shoulder pattern developing. in addition to the chart pattern, there is significant volume and the left shoulder, the head, and (to a lesser extent) the right shoulder. this price/volume combination strengthens my confidence in the pattern. 🥀i am setting up the entry in a fairly tight range at the right shoulder, between $18.060 and $17.295. 🥀stop-loss is placed at an appropriate distance below entry, although there is not much in the way of price structure to give further guidance in placement. 🥀target exit is at the last point before price dropped off with volume and began to form the left shoulder of the pattern. check back for updates as the position progresses. feedback and constructive criticism is always appreciated. ✌️all good luck and always practice strict risk management!
Long
by TylerPhilip