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Invertedheadandshoulders

Rising Wedge / Ascending Channel for Ethereum?It appears as though Ethereum is trading in in an Ascending Channel or possibly a Rising Wedge, the price is staying inside the channel except for one deviation that was very short-lived, I'd disregard that price movement because the overall pattern is more important. I have placed a blue human head and body icon to represent the head of an inverted H&S pattern. On the RSI there's possibly an Ascending Triangle forming. On the DMI there's been a bullish cross where I have placed the blue finger icon.
BITSTAMP:ETHUSD
by ScotianBot
VTHO - Inverted H & S Pattern - Waiting for ConfirmationHello Traders, It looks like we have an inverted Head and Shoulders patter forming the hourly. As well as a triangle forming on the hourly. I’ll be waiting for a breakout to the upside for confirmation that it is in fact forming the rest of the right shoulder and also breaking above the triangle trendline. Targets: Retesting the .008, .009 and if we can break the .01 range maybe we’ll see it pass it’s original high of .013 range. Good luck!
Long
by MarkStPeter
5
Getting ready for huge breakout BINANCE:VETBTC VET is one of the coins that hasnt pumped that hard comparing to the others btc pairs. BUT, we have a clear inverted H&S pattern on the 3D chart with a neckline area at 96-100 area. If VET manages to close above this area the pattern is very likely to be played out and lead to huge breakout and finally reversal for that coin. We also have a bullish crossover on the Weekly MACD and rising daily volume pointing that bulls are in favor. Areas of potential selling interest are marked on the chart with red Also some rumors for new listings and partnerships will help too from the fundamental perspective. Happy trading to y'all
Long
by aleXChas7
12
NIO: Making very precise and technical movements!Hello traders and investors! Let’s see how NIO is doing today! First, NIO did what it should’ve done: Triggered an Inverted Head & Shoulders chart pattern, as we already discussed in my last analysis (Jan 8, link below if you missed). It hit the previous resistance at $ 64.45 and now it is to the blue line again - all with astonishing precision. This movement is not scary at all, as IH&S have a pullback rate to the neckline of roughly 66% of the time. But the question is, if NIO will resume its bullish momentum, or if it’ll engage in a bear trend from now on. Let’s see the daily chart for more clues: The thing is, NIO is still accumulating, and a pullback to the 21 ema is expected. The volume increased when NIO started to climb up, but it is decreasing during this drop, which is something worth to notice. So far, we have no clear reaction here, but we might see one soon, otherwise NIO will just drop to the $ 57.20 or 21 ema again next . If NIO is up or down, the chart will give us more clues soon, so it is important to monitor NIO closely from now on, as it is at a decisive point. If you liked this analysis, remember to follow me to keep in touch with my updates, and support this idea if it helped! Check my other analyses if you liked my style, I'll leave some links below. Have a great weekend, and a nice Holiday! See you Tuesday.
NYSE:NIO
by Nathan_The_Finance_Hydra
19
Ascending Triangle breakout for TNY?TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle. On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation. On the DMI there's been a bullish cross. Also, worth noting, the red downward sloping resistance that has rejected the share price consistently since Aug 2018, was broken to the upside in June 2020, and every time it's been back-tested since it has acted as support, turning old resistance into new support, inherently bullish. One co-packing announcement or large Beckett's purchase order through Costco, Kroger/Ralphs, or BevMo! should break this ascending triangle pattern flush to the upside, time will tell. Possibly an inverted H&S in green, with the human body icon being the head.
TLong
by ScotianBot
NIO: Keep your eyes open to these signs!Hello traders and investors! Let’s see how NIO is doing today! It seems it found a resistance level at the blue line ($ 59.15), which is a Key Point for the short-term, as it could work as a bullish Pivot Point , leading to a reversal in the mid-term. We also might have an Inverted Head and Shoulders chart pattern in the hourly chart, and although the neckline was already defeated, the confirmation will come when the $ 59.15 will be defeated. Now, the daily chart: In the daily chart we see that NIO lacks volume , and it’ll only start a new good upside movement when the volume increases again. We are still near a support level, the $ 57.20, and the 21 ema. If NIO triggers the right signs, it could hit the $ 66.95 again, but have yet to see any confirmation. NIO is in a crucial moment, and it deserves a special attention. If you liked this analysis, remember to follow me to keep in touch with my updates, and please, support this idea if it helped! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
10
MKR/BTC Inverted Head and ShoulderMKR/BTC seems to be forming an inverted head and shoulder, with an upwards potential of roughly 30% if it breaks out above the white resistance line. From a fundamental perspective MKR seems undervalued compared to its peers in the Defi space, with a current market cap of roughly $1.5b, below most big Defi players despite the fact that it can be seen as the mother of all defi projects, a Market cap/TVL ratio of only 0.31 at the moment is extremely low in my opinion, even when looking at the fully diluted market cap it is only 0.35. I am extremely bullish on MKR from todays price point. It has been going sideways for the past 2 weeks and is ripe for another big move to the upside.
Long
by JA91
PLTR: Is there any hope for PLTR?Hello traders and investors! Let’s talk about PLTR today! Today, PLTR lost the black line we discussed in my last analysis, and it also triggered a Head and Shoulders chart pattern. This is quite bearish, but let’s see if there’s any reason to panic. Also, if you missed my last analysis, just check the link below. In the hourly chart, PLTR has a clear target around $ 28.07, and the 21 ema and the black lines are supposed to work as resistances from now on. But there’s hope for PLTR, and we must look at the daily chart to see it better: The black line was the November ATH, and it worked as a support quite well, but now PLTR lost it, and it seems it is reacting near the 21 ema in the daily chart, which is a good sign, and if we see a bullish reaction, it’ll frustrate the bearish signs seen in the hourly chart. Keep in mind that this drop had low volume , making it a simple pullback. What’s more, PLTR triggered an IH&S pattern , and pullbacks are normal after such pattern, as they occur about 66% of the time. There’s still hope for PLTR, but we must have the right timing . Probably we’ll see an opportunity there soon. And remember to follow me to keep in touch with my daily studies, and please, support this idea if you liked it! Thank you very much!
P
by Nathan_The_Finance_Hydra
9
UPDATE: SECOND BREAKOUT ON BTC! But is it fake or true this timeLast time I posted on BTC, Elon Musk put BTC in his bio, causing a spike of around 10%, breaking through the bullish pennant BTC was sitting in. Soon after, BTC retraced back within the bullish pennant, indicating a false breakout. Now we're back above the pennant for a new breakout and it appears we have formed a large inverted H&S as well, the only question is: Will BTC test the resistance line of the pennant and then continue it's bullish trend to higher highs? Or, big OR here, is this another bull trap baiting people to buy another false breakout? Going to be eyeing this like a hawk today to see if we get any confirmation that this is indeed, a true break out. Best of luck everyone!
BITSTAMP:BTCUSDLong
by ColeOutlaw