Inverse H&S patter for ADA! Hello everyone,
ADA is showing good strength and a bullish pattern is finally appearing.
Is 0.8 going to be our next entry?
Have a nice treading day!
Inverse Head and Shoulders
BTC, iHSP Target 45kMy strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
$DIS Inverse Head & Shoulders plus Bounce Off Key Support - LONGThe whole market is tanking which could invalidate this Inverse H&S on NYSE:DIS , but so far the right shoulder has formed to the bottom and now the expected move would be a reversal to hopefully clear the neckline. That said, even just from here to the neckline represents a ~9% move and gain.
Inverted Head and Shoulders on BSVUSDLooking for one last push to the upside before continuation downwards.
KCSUSDT is going to create an inverse head and shouldersThe price had a breakout from the daily dynamic resistance and now the market is trying to have a breakout from the weekly resistance.
On the daily timeframe, we can see an inverse head and shoulders and the price creates its neckline on the weekly
How to approach?
We are monitoring the price action, we made more than 11% since the previous idea.
Now I'd like to see a breakout from the neck line with volume, 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.
–––––
Follow the Shrimp 🦐
$BKROn the bigger picture I want to say this is an inverse head and shoulders. Pay attention for this to break further to the upside. With oil prices rising $BKR supplies rig companies with the equipment to operate.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NASDAQ:BKR
$CAHRejected at the gap already. If we don't break into the grey area look for this stock to continue to pullback to the lower levels.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:CAH
Inverse Head and ShouldersLong Term Trend:
Bitcoin is still bullish in the bigger picture. This is due to the higher lows of 28796 and the recent low of 32837.
Short Term:
Bitcoin is currently forming the 2nd shoulder of the inverse H&S pattern. The reverse usually occurs at 1/2 or 2/3 retrace of the neckline. Lower volume also favors the 2nd shoulder to hold. To successfully complete the pattern we will need to see an increase in volume over the next few days and a rise in price. Profit targets are meassuered from the head to the neckline. I will set my SL below todays candle.
I am currently looking for new job opportunities in the trading/crypto space. You can find my LinkedIn on my TradingView Profile.
Inverse H&S In Hourly TFFormed A base and now at BO level.
Made inverse H&S pattern.
Rsi crossing 60 in hourly and crossed 40 in daily.
Also CNXIT looks bullish.
Can be A good buy if broke today's high or resistance level.
If Gap up wait for retest to enter.
Target can be next resistance or hight of the head or round no. 600.
BTC UpdateBTC still in Inverse Head & Shoulders pattern with daily close about to happpen, needs to close above $40,000, then we will see a pump in my opinion, a close below, I have a bearish target of $28,000 and will enter and short position.
Inverse H/S on BTC with weakening sell pressure? Bottom close?We've tagged our 39.6k level nicely for a potential inverse h/s. RSI is seeing a cross on the 4h and we have a td9 on the 4h, so chances of movement up here in the short term is quite good.
Also this sell spike has really solidified the bullish divergence we've been seeing on the sell pressure side: as the price increases the sell pressure has decreased, while buy pressure started picking up. Very interesting as this usually points to sell pressure weakening.
This is why our short term sentiment is now neutral rather than bearish.
If we get a bounce here we want to watch 42k as the next point of interest. it's our volume point of control since the start of the year, has a lot of historical movement and as we all know 42 is the answer to the ultimate question.
Failure to hold this level - we move to 38k as our next point of interest. But as stated above - we're getting to heavy reversal territory on BTC.
BTC Potential Bullish Inverse H&S Idea Here is a bullish idea for the $BTC daily chart. as you can see we have been on a downtrend for a period of time and have broken back upwards a little bit.
My bullish idea is if we consolidate for another little while to let the RSI cooldown we could have an accumulation before another breakout upwards!
All eyes on BTC as it prepares its next big move upwards or downwards!
Bitcoin Bullish Reversal Potential $BTC 2 bullish formations on daily
Inverse Head & Shoulders with a Cup & Handle.
Potential reversal patterns, but loss of $40.9k would negate the reversal and indicate bearish continuation as more likely.
Must watch $41k support zone closely.
Fractal of left shoulder on inverse head and shouldersI copied the left shoulder (yellow) then mirrored it (flipped it) it looks almost exactly the same, right before we had the dump to 33k we had a pump. That being said what if we’re dumping right now to touch the bottom of the range (opposite of what it did on the dump) then we pump out of the Inverse head and shoulders
Haven't seen a single person on the internet show this.
Interesting trendline analysis for BITCOIN, Targets for..Interesting trendline analysis for BITCOIN, Targets for neckline of inverse h&S . Range of 38-41k for targets.
BTCUSDT is creating an inverse head and shouldersBTCUSDT: The price got a rejection from the weekly resistance on the 46k as I said on the previous analysis. On the daily timeframe (the upper one) the price is creating an inverse head and shoulders and its neckline is the 46k key level.
On the 4h timeframe (the lower one) we can see a Pennant pattern, and the price is testing the static support on 0.5 - 0.618 Fibonacci level.
Usually, when the price is in the accumulation phase below an important structure we will see a new breakout.
How to approach?
We are monitoring the market and will wait for a reaction on the 0.618 Fibonacci level (43k). we could see a deep retracement until the lower trendline. If the price is going to lose the dynamic support the next valid support is 40k.
IF the price is going to have a breakout from the pennant and a CLEAR breakout from 46k, 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.
–––––
Follow the Shrimp 🦐
siemensSiemens made inverted head & shoulder on hourly charts with decent volumes.
Could be bought with mentioned stoploss & targets.
BTC:USD Target 5th wave target: $145kI don't usually disregard wicks but wave 2 was a black swan so in this rare case I'll make an exception. When you measure the 1st wave; the bodies of the weekly candles end perfectly in the high probability zone (golden pocket). If you project from the same place the wave 3 ends in the High probability zone for a 3rd (1.618 - 1.75). Wave 4 has hit the high probability zone (0.236 - 0.382) & is hinting at completion. Looking for a sensible wave 5 target; If you project the length of wave 1 from the end of wave 4 you get a target of around $149k. Other signs of strength include failure to make the median line & either of the 1:1 targets for the WXY correction.
Key Points:
Ignoring black swan wicks- High Probability zones reached for wave 2, 3 & 4
There is still a chance that wave 4 could turn into a triangle
Risk of rejection on the daily EMAs
Inverse Head & shoulders trade setting up
Wave 4 appears to have failed to make the median line- a failure to hit the median line sets up a move equal to of greater than the move that preceded it
The trade:
Entry 1: 4h 244 EMA has now been tested from above. Can enter around here or wait for the 144 , 169, & 244 to cross bullish.
Stop 1: Break and close below the 4h 244 EMA
Entry 2: Inverse Head & Shoulders, enter on the breakout and retest of the neckline.
Stop 2: Break and close back below the neckline
Target: Head & shoulders: $63,300
Target: Failure to make median line: $69,000
Target: 5th wave: $149,000
Inverse Head & shoulders + EMAs
Fib levels for wave 2 and 3
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. DO NOT TRUST THIS ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
These analysis take a considerable amount of time, consequently, I'm not taking any analysis requests.
Please respect my time and don't ask; because I dislike having to reject you!
LTCUSDT is testing the 4h resistance
The market had an important bounce on the Monthly key level and it created an ascending channel
The price is testing the 4h resistance right now after the market created an inverse head and shoulders on the daily timeframe.
How to approach?
If the price is going to have a breakout from the 4h and weekly resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTCUSDT Inverse Head & ShoulderInverse head & shoulder is about to form in BTCUSDT. Overall Scenario is looking good in BTC, rather than any uncomfortable global scenario will change it. Possible a new all-time high is waiting for us. Weekly is also looking bullish. 42k zone is acting as good support, the break down of this support zone turns sentiments down & the inverse head & shoulder get invalid. 46k zone is strong resistance, breakthrough above this area leads BTC to higher valuses.
Note:- Only a technical Analysis.
ETH: USD Inverse head & shoulders, Target: $4,900Earlier in this cycle these were one of my favorite setups.. The win rate was ridiculous. Looking for a breakout and retest of the neckline. Should coincide with the 244 EMA SR flip on the daily.
The Trade: Long:
Entry: On the breakout and retest of the neckline
Stop: 4h close back below the neckline
Target: length of the head projected from the neckline. (Currently around $4900, +53%)
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. DO NOT TRUST THIS ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
These analysis take a considerable amount of time, consequently, I'm not taking any analysis requests.
Please respect my time and don't ask; because I dislike having to reject you
EUR/CHF ANALYSISIf I could see clearly the EUR/CHF resistance area( which is around 1.05100) was broken with aggressiveness, which has now turned resistance to support, but before that support it had a quick touch(1.05300)and made a quick reversal back to the support also leaving behind a chart pattern which is an inverted heads and shoulders which is to say, that the market is on a bull run. So I believe from this support it's going to correct its self back to its bullish form.
