learningedge

learningedge

A potential inverse head and shoulders pattern may play out on the OP/USD trading pair, here's a general outline of how one might approach trading this pattern: // Possible Entry Point: A common entry point for an inverse head and shoulders pattern is a break and close above the neckline following the right shoulder. Traders may wait for a confirmed breakout on...

learningedge

Analysis: //Entry: Breakout Play: If SOL/USD breaks out from the downward channel convincingly with increased volume and closes above it, one could enter a long position. The breakout could invalidate the bearish H&S pattern and signal a potential trend reversal. H&S Pattern Play: If the price fails to break out and instead respects the upper boundary of the...

learningedge

After a sharp downturn, BTC/USD is now consolidating around $43,000. A breakout from this zone could set the stage for the next move. Keep an eye on volume for direction clues. Set stops beneath the consolidation low to manage risk.

learningedge

Here is a 4-hour chart of Ethereum, and the identified pattern of a double top with a projected target, here is how one might describe a possible entry, exit, and invalidation criteria for this illustration: Entry: A potential entry could be considered on a retest of the neckline of the double top pattern. This often occurs after the price breaks below the...

learningedge

Looks like Novembers rate hike pause will surprise investors and turn the ship around on crypto in general.

learningedge

Like the previous cycle triangle, in this one ETH looks to bottom around 1000 and breakout at 1800 and then 2200 as the final breakout.

learningedge Updated 

Here is my view on what happens next with Ethereum - appreciate any comments or thoughts.

learningedge

I guess that ether will build an inverse head & shoulders pattern in its bottoming process with the lower head happening in early 2023 - somewhere in the range of 677 and 725. The right shoulder will be complete by the summer of 2023, and a new bull market will begin by the fall of 2023. This should align with the macro environment as rate hikes should slow and...

learningedge

Ethereum still has some room to fall to the $1000 area for support before making a monster run to 12k by the new year. This was my first attempt at TA - so please don't use it as financial advice.