Storj can make 74% gains just by reaching this invh&s targetStorj looks very close to completing the right shoulder of this inverse head and shoulders pattern here. 74% gains off one pattern s nothing to sneeze at. *not financial advice*
Head and Shoulders
IHS breakout 2nd attemptI dont know if it can be considered as a IHS. It seems to me. Price broke out once, retested the line and breaking out again.
TP1 at 0.618 around 17-18c
Expecting some consolidation at the c-fork line than pump towrds TP2.
TP2 around 27 cents
Invalidation at 0.114 with a 4h candle close.
Atomusd at the goldencross starting lineIn a very similar inverse head and shoulders that digibyte jsut successfully broke out of with the same kind of little right shoulder. For now there’s been no confirmation of a breakout or even solidified support on the neckline just yet so price could easily dip back below the neckline here, however considering the golden cross has occurred it wouldn’t surprise me if the neckline is confirmed solidified support n quick order. *not financial advce*
Be careful with Bitcoin,Time to buy again!!!In the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of BITCOIN can reach around $105K . AB=CD
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
CRV built a burj khaifa on its goldencrossCRV easily could just keep going parabolically vertical here but this would also be a very nice place to catch its breath and attempt to complete the right shoulder to an inv h&s pattern. Just in case I will be watching this trendline to see if it can break above it in the next few candles or not *not financial advice*
Digibyte looks like it’s validating the invh&s breakoutDigibyte shown here on the daily chart showing a nice bullish impulse firmly above the neckline of its inverse head and shoulders pattern. Already well on the way to the breakout target here so very likely validating the breakout. Also doing so a day or so before it has its golden cross. Once it reaches the full breakout target it’s likely to test the next potential resistance of the yellow horizontal trendline. That trendline is actually the neckline of a larger double bottom pattern. Wouldn’t be surprised with the golden cross so close by that whatever resistance that double bottom neckline provides doesn’t last very long *not financiala dvice*
SQ - 28 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
TURSG - 4 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
Qnt forming right shoulder on invh&s while retsting channel ttl I’m hoping the right shoulder quant is now forming here by retracing after reaching that top purple horizontal line, will be a very short shoulder with help from it’s recent golden cross and hopefully the support from the top trendline of the yellow channel that quant just recently broke above. Usually a right shoulder would last for a much longer period of time than I have drawn this one to last in order to be ore proportional with the left shoulder(not shown here), however loopring and a few other charts recently have had very small asymmetric right shoulders on the inverse head and shoulders patterns that their price broke upward from so that may also be the case for quant’s right shoulder as well. We will see soon enough, if Quant is to follow suit with the rest of the altcoin market it’s recent golden cross should give it the bullish momentum it needs to complete this right shoulder as a very small shoulder indeed.
EURUSD potential head and shoulders bottom patternOn the 4-hour chart, EURUSD has formed a potential head and shoulders bottom pattern. At present, attention can be paid to the resistance around 1.060. If it breaks through, it will rise further, with the upward target around 1.080. At present, the effective support below is around 1.046. If it is not broken, pay attention to the trading opportunities of falling back and going long.
If Link corrects long enough here a new inv h&s will be in playCurrently after yesterday’s fantastic green pump candle on Link, the new daily candle s currently red as link takes a quick breather. Now this could only last a very short time but if t lasts for a few daily candles, that will be enough to qualify the current correction as a right shoulder to what will then be this newly formed inverse head and shoulders pattern. If it starts pumping again on the current daily candle and goes above the neckline and keeps continuing up we can disregard this as of now strictly hypothetical & speculative inverse head and shoulders pattern, but while there’s still a chance I thought it would be fun to post this chart and draw a rather arbitrary curve for the length of a potential right shoulder. Link has already broken out of a Bull flag on the higher timeframe charts (which I will post a link of below) and that flag has a target of around $55 so odds are good whether this potential new inverse head and shoulders pattern comes to be valid or not that we will still end up hitting its breakout target of $47.18 on our way up to reach the $55 target of the macro bullflag, if we are lucky though link will correct and for a right shoulder here though and then I will be able to enter a position a little lower than this to get the opportunity for even higher percentage gains once it reaches the full target of both this pattern and the macro bull flag’s full target at $55. *not financial advice*
Root network nearing golden cross as it completes right shoulderHere we see Root network should have a golden cross in a few days and is currently correcting a slight bit which is in the process forming a right shoulder to this inverse head and shoulders pattern. Fro this level alone, were Root network to hit the inverse head and shoulders breakout target it would be a 103% gain or so, however odds are good it dips a slight bit more for the lowest portion of the right shoulder which will simply mean even larger gains fro the lowest depths of the right shoulder. *not financial advice*
Speculative inverse head & shoulders opportunity on renderRender just had a big spike and then corrected back down to the breakout target of the previous triangle pattern it broke up from (which I will link to below). In doing this, render has created the opportunity to form a right shoulder now to a potential inverse head and shoulders pattern, as long as it stays below the top of todays candle’s top wick for the next few daily candles. If so, it then gives us a new price target we can look forward to heading towards once it breaks out of that pattern of around $20. For now this is speculative, for if render just resumes pumping and heads past the recent daily candle high the inverse head and shoulders pattern will no longer be in play *not financial advice*
Symmetrical triangle/invh&S on render breaking abve toptrendlineNo guarantee that it confirmed the breakout on the first break above the pattern here, but the way the market has been moving lately thee is a high probability it will. *not financial advice*
Bitcoin will go DOWN by H&S Pattern!!!Bitcoin ( BINANCE:BTCUSDT )started to rise after every positive news over the past days, but then started to fall again . Did you see the negative news that did not come !?
Bitcoin is moving in the Support zone($95,600-$93,200) and Descending channel .
The rise and fall of Bitcoin over the past 5-6 days has managed to form an Head and Shoulders Pattern . (in terms of Classical Technical Analysis ).
Since BTC.D% ( CRYPTOCAP:BTC.D ) started to fall from the Heavy Resistance zone(63.30%-57.10%) and after breaking the lower line of the ascending channel , we can confirm that Bitcoin's dominance on the crypto market can end for a while. If the cryptocurrency market wants to have a correction , Bitcoin can experience a further correction. If the crypto market wants to experience an increase again, we can say that we have entered the Altseason .👇
I expect Bitcoin to fill the CME Gap($93,835-$93,720) AFTER breaking the Head and Shoulders Pattern's Neckline and Support zone($95,600-$93,200) and then decline to at least the H&S pattern's target(around $91,000) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️Note: If Bitcoin goes above $96,800, we can expect Bitcoin to rise again to the resistance lines.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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USDCHF Potential Bear Move ?Hey Traders!
In todays analysis USDCHF is displaying what i believe to be a bearish setup. Presenting an opportunity to take advantage of this potential bearish move.
My Observations
Daily supply zone: Price retrace to test 0.89643/0.89148.
Elliot Wave: Are we in a potential EW4 downward move ? Scroll back to Wed 22-5-24 and notice the beginning of the Elliot Wave. Moving forward we can see the completion of EW3 which also encompassed a 5 wave sub wave, highlighted by the blue 5 wave count. Even further forward we can see the potential completion of an EW4 confluence for what i believe to be a negative divergence.
Strategy
The plan is to drill down in to the lower timeframe and look for entries into this move.
Targets to between 0.87936 and 0.87577.
In the context of the higher tf could be a decent swing move. In the case i will be aiming for 0.85920 region.
XRP Market Cap Creates New All Time High; Likely to ContinueImpressive. Market cap in November alone has gone on to gain 326%. XRP went from the number 8 spot back up to the number 3 spot with extreme swiftness.
TARGET 200 POINTSSRF Fut made multiple patterns on daily/hourly charts.
Srf broke above falling channel pattern on daily charts as well as inverse head & shoulder on hourly charts with decent OI addition suggesting long build up.
Risk:Reward = 1:2.5
Could be bought with menioned stoploss & target
CRV potentially breaking above a Double bottom neckline hereCurve like any other altcoins has responding very parabolically to its goldencross. It has now gone above a potential double bottom neckline, however, as much as it has pumped recently I would not be surprised to see it correct back down below this neckline for a bit. If it does that it may form another neckline slightly higher for a potential inverse head and shoulders pattern. If it does just continue up fro here instead then the target shown on the above chart is the ost probable one to expect. *not financial advice*
Apecoin chart per request.I’m not entirely sure how this chart will play out, currently looks like this chart’s price action is heading towards this brown trendline that will either serve as a double bottom neckline or if it holds resistance for a candle or few t will become the top trendline of a valid descending channel at that point, either way the target would be the same for a breakout from either pattern, won’t be able to dial in the exact placement of the dotted goldenrod colored measured move line until price chooses where it’s going to trigger the breakout but I believe I have arbitrarily placed it in a close enough radius to get a within the ballpark of a decent price target guesstimation. Once again we see a big bullish pump coinciding with the golden cross as well. *not financial advice*
ZRX confirms inverse head&shoulders breakout during goldencrossYet another chart proving how immediately bullish the golden cross has been on the day of the cross as it once again results in a breakout validating pump here.
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
