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Neckline

BTCUSD Inverse Head and Shoulders!| Staunched Resistance!Hello Traders! Quick update on bitcoin, we have a potential inverse head and shoulders coming to fruition, Bitcoin needs to break its neckline which is a staunched resistance. Points to consider, - Clear resistance/ neck line - Stochastics projected upwards - RSI in upper region - EMA’s yet to meet price - Volume increasing The inverse head and shoulders formation is a bullish pattern, which is confirmed by a break of its neck line. Bitcoin right now has a stanched neckline/ resistant level that has been tested 5 times. The stochastics right now is projected upwards, can trade in this area for an extended period of time. RSI is also in upper region but has not officially entered into overbought territory. The EMA’s are yet to meet price, it needs to hold Bitcoin support when it approaches the resistance level. Bull volume has been increasing, which is healthy in this pattern, it needs to sustain in order to successfully break resistance… The technical target of this inverse head and shoulders is approximately at $8180 mark. What are your thoughts on these recent developments? Please leave a like and comment! :)
BYBIT:BTCUSD.PLong
by AzizKhanZamani
EUR/USD: Daytrade-Opportunity#SELLHey tradomaniacs, welcome to another free signal! Important: FOMC Meeting Minutes this evening. Manage your risk accordingly. ----------------------------- Type: Daytrade Market Sell: 1,10670 Stop-Loss: 1,10820 Target 1: 1,10560 Target 2: 1,10480 Target 3: 1,10375 Stop-Loss: 15 pips Risk: 1-2% Risk-Reward: 2,0 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
NZDUSD Analysis: Retest of inverted head and shoulders necklineHi traders , from my point of view I see a very clear inverted head and shoulders reversal pattern on this pair. The price after rising higher fell down to retest the neckline and seem to respect it. I see high chances of price rising higher up to 0.67097 but may stagnate at the indicated levels. I would appreciate your views on the pair in the comments section. If you agree with the analysis please hit the like button to help reach more traders.
Long
by John_Mwaniki
DOUBLE TOP SHORT CONTprice currently on neckline, breaking out of this area i doubt will be straight forward , 1 of two things , price will retrace back to resistance showed on chart and break downwards (where the first sell might take place) , if price breaks neckline immediately, initiate sell , smart stops should be placed , a bit above neckline so you don't get stopped out straight away in case neckline is retested for RES. (SUGGESTION) go down to 4HRS to get a better perspective of the retests and early entry opportunity , GO TO WEEKLY to understand whats going on long term(Clean DT setup if daily is not so convincing) (gold is gold,no feelings involved)
OANDA:XAUAUDShort
by webster.robesten
Total 2 h&s going down to test the h&s necklineThe total2 h&s pattern has a perfectly level neckline and price action is now going down to test it right now. I will not be bullish or bearish on the overall market until I see it confirm either a breakdown or fakeout from this pattern. I think whatever happens on this pattern will likely give us a heads up on which direction bitcoin is going to ultimately head. In the shorter timeframes the bears are definitely in control here but the bigger time frames are still a tossup. If I see a fakeout occur on the neckline of this total2 h&s pattern I will likely ladder in small amounts of a few different alts. Not financiaL Advice just my current plan. If it confirms a breakdown then 8.5k and possibly lower on btc becomes very probable.
CRYPTOCAP:TOTAL2
by DrDovetail
EURGBP HEAD AND SHOULDER ADVANCED PATTERN FORMING 4HOURPrice action in the hourly time frame is showing us that we have a highly probable Head and Shoulder Pattern forming. The way we execute in this Bearish Market, would be to wait for the breakout of support which is our Neckline. Waiting for Bearish Reversal Confirmation at the pullback of previous structure then executing ourselves into the market after the Conditions in this pair give us reason to enter. Risk to Reward is Optimal for this Trading Idea.
Short
by RiosTrades
#bitcoin - Bulls are taking over (for now)After last night very clear break of the neckline-area, the bulls look stronger than last week. We had some volume incoming. Generally, the target of this A&E is around $13k, where also the former high and the Yearly Pivot is placed. Please bear in mind, that diagonal trendline coming from the last two highs, could bring this pattern to a pre-mature stop between Weekly R2 and Monthly R1 ($12.2-$12.5k). At the moment we already reached the new Weekly R1, our new Weekly Pivot is at $10.500 and forms together with the Monthly Pivot a nice support in that area which we should keep in mind for forming the next possible bullish higher-low. Also the neckline has not been retested yet, it does not have to happen, but it can. Trade safe. Always set stops. ______________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
1
#bitcoin - Back to Breakout-Level "H4"Bitcoin has recovered back to the Adam and Eve´s breakout-level. We have two clearly defined ways to be double prepared for what´s going to happen next. Currently, be patient. Even if you will miss 1-2% either direction, it´s more important to catch what´s happening in between rather than losing money whilst being stopped out several times due to pre-mature position-taking. Action ahead. ------------------------------------------------------- Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
#bitcoin - Adam and Eve hitting P-M and Neckline-Area "H6"On the 6-hour interval, Bitcoin has hit the first possible reversal price and hit the Monthly Pivot overnight. With a medium-target of around $12200, Bitcoin has support delivered by the Weekly R1-Pivot around $10400 and the former breakout level around $10100. Decisions are made here. Be smart and have the bullish and the bearish opportunities ready to trade. The general target of this beautiful reversal-bottom-pattern is around $13k, which would hit back the former high and the Yearly R1-Pivot. Once the Monthly Pivot is surpassed, there is likely bullish volume starting to come in, which would be great for this pattern. Don´t underestimate this sort of chart formation, it formed our bottom at $3.1k and sent us into a parabolic bull-run. This would be the first high-interval Adam-and-Eve failing since I am in Crypto and watching BTC closely and I would consider a fail as extremely bearish. ______________________________________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
5
EUR/GBP 4H HEAD AND SHOULDER UPDATE!!Price Action (Technical Analysis): We have a very strong, healthy, respective Head and Shoulder Pattern here in the 4H time frame. Our neckline is 0.89553, our idea and discipline for entry would have been entering in the right shoulder when anticipating this pattern. (Right shoulder closing at the 38% retracement complimented by loss of bullish momentum) or Entering the market after we have our first impulse breaking pass our neckline giving us all the reason for price to correct itself to previous structure then waiting for a bearish price action reversal pattern. Both ideas are great ways to enter a Head and Shoulder Pattern obviously choice #2 being more confirmed then our #1 option. Fundamental Analysis: None.
Short
by RiosTrades