Inverse Head and Shoulders
HOT ready to fly#HOT/USDT
$HOT broke out from long term descending resistance and dropped to ascending support.
🐮 holding this support can increase price to resistance between $0.0054 and $0.0062.
if price continue its rally to break out from resistance of $0.0076 it can reach $0.01 to complete the inverted head and shoulders.
🐻 break down from ascending support will drop price to $0.004 and even $0.003.
ENS inverted H&S#ENS/USDT
$ENS shaped an inverted head and shoulders pattern.
🐮 price can increase more to touch the descending resistance that is the neck line of inverted H&S then head up to resistance zone between $26 and $28 to complete this pattern.
🐻 break down from ascending support will invalid this scenario.
EURNZD are you gonna print us $$$🤑🤑 ????EURNZD broke a resistance area of 1.61000 and already came back for a retest of the broken structure.
Price is currently heading upward and forming an INVERSE HEAD AND SHOULDERS (BULLISH PATTERN), We are patiently waiting for the price to break and retest the current neckline for a BUY
WATCH OUT
1. Break and retest of the neckline
2. Bullish candlestick confirmation after break and retest of neckline for a continuation
3. Wait patiently
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USDT DOMINACE BREAKOUT! BTC IS IN DANGER!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT Dominance does not look good here.
USDT.D breakout from the inverse head&shoulder pattern in an 8hr time frame which is a bullish pattern. And you know when USDT Dominanc pumps all the crypto market BTC and Alts starts dumping. This is not a good sign for a cryptocurrency market.
Although still, we have two resistance levels 4.90 and 5.22 from there we can expect a reversal. If USDT.D breaks the 5.22 level then it's really really bad for BTC. Stay cautious with your trades and keep your stop losses tight until we get any bullish confirmation.
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ALGOUSDT iH&SSupport on ALGO touched. Easy to put a stop loss with massive potential gains.
SL should be around 0.67$
Inverted Head & shoulders on daily.
Hidden bull divergence on MACD histogram and RSI on daily.
4H showing a partial decline with 3 rising valleys with hidden bull on MACD.
1.54$ is the first level second should be 1.83$ 50% fib level.
DOT bearish flag of inverse H&S?#DOT/USDT
$DOT is below middle line of parallel channel.
🐻 if price hold the resistance of middle line of parallel channel and break down from lower line, this move can act as bearish flag and price will drop to support zone around $16.
🐮 if price break out from middle line we can see an inverted head and shoulders patten and price can head up toward resistance zone around $22.
Massive Inverse Head and Shoulders on SPY!!!!!!!! Super Bullish Looking at this massive inverse head and shoulders on spy, Using a fib ext we could see the breakout from the right shoulder up to 465 with the next Pocket up around 510!!! this all aligns perfectly with witching in June, All indictors say its a go, Stoch and MACD are also ready for an up move
FTM reverse head and shoulders#FTM/USDT
$FTM shaped an inverse head and shoulders pattern in daily time frame and we can see its fractal in right shoulder is another inverted head and shoulders in 4h time frame.
🐮 holding the support zone will increase price to neck line and then resistance zone around $1.4 to complete the 4h H&S.
🐮🐮 neck line of daily H&S is at target of 4h one so break out from this resistance will head up price to resistance zone between $2 and $2.3 to complete daily H&S.
🐻 break down from support zone will invalid this scenario.
S&P500 Future OutlookIf this week closes above $4500 for the SP500 it would be a bullish engulfing week.
So far, for the past few weeks we've been going sideways between $4400 and $4550 on a weekly closing basis as the volume declines. The volume declining as the price consolidates indicates a bullish outlook. If the bulls maintain the price above $4450 it would put in a Higher Low from mid March which would indicate a continuation of the up trend since we placed a Higher High earlier.
In the short term, I'd like to see a retest of $4450 as that would serve as a confluence of support with the trend line extending from the late December 2020 lows. A bounce from $4450 would be extremely bullish as it would indicate that bulls are ready to move out of this range (between $4400 and $4550).
Needless to say, a further rally from here would work towards the Inverse Head & Shoulders that everyone's been talking about ;)
NAS100Monthly has large wicks rejecting 14000 price area. 2 months back-to-back. Monthly Bullish Engulfing as well.
Weekly candle stick analysis could be a double bottom forming or a higher low. Due to Daily analysis expecting this to be a weekly higher low.
Daily has created an inverse head & shoulder pattern with bullish divergence.
If price rejects this zone and breaks structure for turnaround of buys. Expecting price to continue pattern to upside near 15600 long term.
#BTC More dip ? In 2H Timeframe, we seen a inverse head and shoulder.
If bulls can't reach above Head ($41,600) we might see another dump below the neckline
If 1H candle close below the neckline its time to short it until $38,000
ADA Inverse Head and ShouldersAda potentially gearing up for a big move with this inverse head and shoulders set up. These aren't the strongest performing patterns, so be patient when trading. It is also hard to be bullish while ADA is under 1.00, but this could change everything if it plays out. The price target of this pattern is the 1.60 range, a 75% pump. We are also testing key levels of long term horizontal support, if these lines don't hold things could get ugly. Moving to the long term VPVR, the point of control is around 1.30, which could be a good range to take profits. Being below almost all of the volume from the past year is also alarming, another reason to be cautious here. The daily EMA ribbon also flipped bullish for the first time since September 2021, but is currently struggling to stay that way. All of this convergence is pointing to an explosive move soon, lets just hope its in our favor.
Bulkowski on Head and Shoulders Bottoms: thepatternsite.com
GBPCAD | New perspectiveDespite the obvious that we are in a long-term downtrend situation on this pair; the appearance of a structure that looks more like an inverse head and shoulder pattern on the 4H time frame is suggesting we are on a verge of a reversal as we anticipate a breakout/retest of structure to hop in a potential bullish momentum.
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XLM broke out falling wedge and can shape inverse H&S#XLM/USDT
$XLM broke out from falling wedge, and hold the support zone.
🐮 holding the support can increase price to $0.23 that is around neck line of inverted head and shoulders pattern.
break out from neck line will increase price to resistance zone around $0.27 and $0.32.
🐻 rejection from neck line will drop price to break down current support and reach support zone between $0.15 and $0.12, that will be a pullback to broken falling wedge.