So based on oil movements lately we might be starting to form a reverse patter. Reverse H&S could start the next uptrend this year.
Approaching 11000 soon and 200SMA, perfect for a bounce trade.
Engulfing candle confirms bitcoins short term rally and time to setup distribution targets. Short Term Distribution Targets Target 1 : 4093 USD Target 2 : 4370 USD Target 3 : 4648 USD Target 4 : 5043 USD Stop Loss : 3340 USD Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time....
After spinning top candle the week before, price bounced higher and from 30 RSI level. On smaller time frames, a good opportunity for a short with good risk when we test the broken 11000 area again. While MPO of H&S is not complete, we could watch for a potential reversal forming if markets are to start a rally as it sometime happens in January when everyone gets...
XRP/BTC is showing a high ascending triangle that raised the price a 130% from 4350 to 10150 satoshis. The chart also show a cup and handle within the triangle. Estimating a target for both patterns differs among analysts but I chose to take the absolute height of the triangle which is around 5050 satoshis. Adding that to the price of the top of the triangle gives...
Hi all, Been absent for a while watching whats been happening. In my last post all those months ago I got caught up in the hype of everything. Now after taking some time away to learn and reflect on it all, im back with a fresh perspective and analysis. A inverse H&S pattern is starting to emerge from the charts. This doesn't by it self indicate a trend...
BTC have 3 levels to complete H&S's right shoulder and return to bull movement! 3647 3540 3400 if the daily candle closes below the last one, reverse H&S will fail.
Stock can go in both direction, the advanced charts patterns will capture the move and will give the retraced targets, entry can be done on completion of the cypher pattern's D point for normal targets of 50-61% retracement from D. Extended target of 127% from left shoulder (Of H&S) and Previous Structure High repectively
EUR/USD could reverse on potential reverse head and shoulders pattern. RSI is indicating a divergence that needs to be completed by a price breakout. High volume on the right of the pattern is supportive of correction thesis. Read more...
P/S There was ONLY 3 subwave ( abc ) inside any Impulsive 1,3,5 wave instead of 5....... Use your preferred mechanical system for your entry confirmation ...enter from lower Time Frame than the chart setup .. E.g ADX . . DM crossover etc... STOP LOST will be previous swing point after the entry signal generated by the mechanical system.
Might be a little too early to say but this is likely to be formed.
so ripple has formed typical reversal H&S today as you can see i drew it on the chart. however,there's one thing bothering from the "moon" of ripple which is the dip of bitcoin. Mostly altcoin and bitcoin movement reveals some correlation so is ripple's price action. so we should look at the movement of bitcoin at the same time inorder to make sure the ripple...
NZD has been really strong, now approaching a major daily trend lien and forming reverse H&S on 1 hour chart, RSI divergence present.
Confirmed 3rd touch on the line connecting the lows. Now price seem to be forming a H&S, potential reverse to retest broken level 1.13. RSI divergence. A long through a break of the down trend line or wait for the neckline
As you can see from this 1D chart, there is an inverse head and shoulders pattern and the neckline got broken a few days ago which signals that the pattern is complete and it is ready to go up. Moreover, the price is still above the moving average which tells us that the price is still in an uptrend. Therefore, we can buy NOKSEK at this pullback and aim for the...