GO inverted head and shoulder#GO/BTC
GO broke out from descending resistance (pink) and confirmed it as support. but to be more exact I drew another descending resistance (green) and I found an inverted head and shoulders pattern.
🐮 break out from neckline that is the green resistance will increase price to resistance zone between 145 and 170sats.
break down from current support will drop price to 20sats.
Inverse Head and Shoulders
#BTC Inverse Head & Shoulder In daily timeframe we seen a breakout on HSH and retest on the way.
If bears escape here, we will se strong bulls taking control!
Send it to $60,000 🪃
UPLUPL made inverse head n shoulders pattern on daily charts with good volumes.
Could be bought with stoploss of 765 & target of 900.
$SPY Weekly Log chart H&S VS inverse H&SPretty clear H&S (larger scale) VS inverse H&S (smaller scale) forming on the $SPY weekly log chart... which one will win :D
APLLTDAPLLTD made a triangle pattern as well as inverse head n shoulder pattern & broke out of both patterns with more than average volumes.
Could be bought with mentioned stoploss & targets.
$SHOP 30m and D linked**$SHOP** This one looks a little tricky but my heart and mind are calling it against the algo flow... Algos have $SHOP going long. I think the bull flag failed after the gap down and created bear flag with a green bar where everyone is getting caught up in. You can have a green bear flag. Then there is a head and shoulders inside the flag. I think we will rise just not yet. I have $SHOP breaking down to 690s tomorrow then I have it going further downside into the right shoulder of an inverse head and shoulders. IMO we break to 690s tomorrow then we dip into the inverse head and shoulders bounce to retest the neckline then drop into the right inverse shoulder at 581-561. Then we start to rise out of that and head for the 800-900s.
BABataIndia made inverse head n shoulder pattern on bigger timeframes with decent volumes.
Could be bought with mentioned stoploss & targets.
AGLOUSDT is creating an inverse head and shouldersThe price created a double bottom on the monthly structure on the Monthly support. (0.68$). After the bounce, the market had a breakout from the dynamic daily resistance.
On the 4h timeframe, the price is creating an inverse head and shoulders. the neckline is on 0.77$
How to approach?
the price needs to confirm the right shoulder and create a new breakout from its neckline. IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
KCSUSDT is ready to go higher! 🔥
KCS is on flames! From my previous idea,() the price had more than 12% and now it testing the new resistance after the breakout from the descending weekly channel.
Now the price is testing the previous resistance as new support.
How to approach?
We are waiting for the new breakout from the 22$ level and if the price is going to satisfy our rules, we could open a new long position. Next resistance is on 23.5$
What's new on KCS?
The Burning Program is a bullish event!
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–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
IOST IOSTUSDT - Big ascending triangle on the weekly chart!- IOST is very bullish on the weekly chart.
- We have an ascending triangle, which indicates us huge bullish pressure.
- 1.618 FIB extension profit target from first waves.
- Volume is definitely bullish as you can see.
HDFCHDFCBANK made an inverted head & shoulder pattern on daily charts with good volumes.
Could be bought with mentiones stoploss & targets.
HDFCBANK Verge of BreakoutHDFCBANK is showing breakout signs after forming IH&S pattern with good volumes. Post this breakout this can be good swing trade for short/medium term.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
STMX/USDT LONG SETUP! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this STMX/USDT LONG setup. STMX looks good here.
STMX is breaking out from the inverse Head&Shoulder pattern. Currently, it is retesting the neckline.
Open a Long position here and add more in dips.
Entry range:- $0.15-$0.16
Target1:- $0.172
Target2:- $0.186
Target3:- $0.194
Target4:- $0.204
Target5:- $0.210
Target6:- $0.214
SL:- $0.14
Lev:- 2x-4x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
WTI to $71 by November??Oil looks to be breaking out of a 2 month long descending wedge. The 100d Linear Regression Channel had us bounce off the top in August, and the bottom in Sept. We have Stacked Inverse Head & Shoulders - massive upside possible.
Today things that oil has accomplished TODAY (9/2/2021):
1) Cleared 9d/100d confluence
2) Cleared the 20w SMA
3) new weekly high
4) Tagged and BROKE the 50d SMA
5) tagged the bottom of the Fisher Bands for 2H2021
6) Broke out of a descending wedge/bull flag
Bitcoin: +$50,850BTCUSD
This pattern confirms as a valid one if the price closes above the resistance line.
BLZ: BREAKOUT AND RETEST DONE! READY FOR A PUMP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BLZ/USDT TRADE setup. BLZ looks promising here.
BLZ is breaking out from the inverse Head&Shoulder pattern in the daily time frame. A retest is also done and after the successful retest a beautiful bounce confirm the uptrend.
Buy some now and add more in dips.
Entry range:- $0.18-$0.20
Target:- 150-160%
SL:- $0.17
If you like this idea then do support it with like and follow.
Also share your views in the comment section.
Thank You!
IMX at long term support#IMX/USDT
$IMX is at long term support zone.
🐮 holding this support and rejection from it can increase price to resistance zone between $3.2 and $3.5
and if price break down from support zone, next support is between 0.5 and 0.618 fib levels of this swing high and by holding this support price can shape an inverted head and shoulders to reach $4.
General Pattern Failure Explained on BitcoinWhat is General Pattern Failure?
General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout.
Pictured above in the original chart is a normal breakout on a Inverse Head And Shoulders Pattern while the lower very right examples show General Pattern Failure on the same pattern. Note how the first example has a Bullish Retest (A) where price actually increases at the breakout while the second example is coming back inside that area and finding resistance back inside of the pattern, (Bearish Retest, (B) this then leads to price falling back inside with strong volume/momentum.
General pattern failure can also be considered a Liquidity Grab or can be referred to as a “Fake Out”.
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Other Examples:
The below image shows General Pattern Failure occuring in the opposite direction on #Bitcoin at $11000 on a Head & Shoulders Pattern.
The below image shows General Pattern Failure occuring on BNB Binance Coin (Great Example, Click the image to see the trade play out)
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Final Thoughts:
So by using the above methodology we have a potential clue here for Bitcoins next movement, I am watching the 49-50k area to see if we continue to fall or see a short term push (if we get back above the Inverse Head & Shoulders Pattern, $53000 is the next area of interest).
Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas of the pattern that other traders and investors may be focusing on too, these areas become important psychological levels on the chart that allow us to map out potential trades.
Voxies VOXELUSDT - New coin + Massive Head and Shoulders- VOXEL Rank #406 on coinmarketcap.
- Voxie Tactics is a free-to-play, 3D turn-based tactical RPG game designed in a retro style.
- The team behind the project has over 15+ years of games development experience and have worked at worldwide studios like EA Games, Warner Brothers Games and Ubisoft.
- We have a massive inverse Head and Shoulders pattern on the daily chart, breakout = huge pump.
- 10 000% is very possible in the immidiate short term, maybe even more later.
GRT/USDBreakout Incoming!
Inverse Head and Shoulders - Momentum Shifting Structure at the Pattern Completion of the Bullish Shark Harmonic
2 Targets at $0.80cents (62% upside) $1.33 (170% upside)
AR/USDTAR/USDT - Very Bullish! Poised for a massive mark up! Bullish Cypher Harmonic made 786 retracement (outperformed BTC on way down) inverse head and oblong shoulders at the PCZ! locally 3 rising valleys, long term supply line breakout from top with backtest bump and run! 69% upside! absolutely amazing looking!
$GLBS Technical Analysis = Bullish Reversal & Pump Alert!Great News For Retail Investors, Its Officially A Pump Alert! Currently $2.32 With Targets Highlighted!
Chart Patterns: Falling Wedge Bullish Reversal!
Inverse Head & Shoulders Bullish Uptrend!
Earnings Report 4/12/22
Expect Continued Growth, Expansion Of Fleet, No More Public Offerings, Long Term Positive Outlook Of Company!
All we need is attention, its up to you the investors to spread the word on this undervalued Stock!
Similar to Dogecoin, CompUSD looks ready to break!Traders,
This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):
Inverse H&S pattern - looks to be playing out
Clear target at area of confluence
Similar pattern as many other altcoins ...tackling a major MA
So, here's the way I'd play this (also, similar to the recent dogecoin post):
#1 - Zoom in to the 4 hr chart.
#2 - Now, pending your risk tolerance here's how I would play this:
------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter.
------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden.
------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare.
Targets:
You first target shall be $152. If you still have your grips on that diamond, then go $170.
Best to you all!
Beer money appreciated.
-Stew
