Inverse Head and Shoulders
NAS100Monthly has large wicks rejecting 14000 price area. 2 months back-to-back. Monthly Bullish Engulfing as well.
Weekly candle stick analysis could be a double bottom forming or a higher low. Due to Daily analysis expecting this to be a weekly higher low.
Daily has created an inverse head & shoulder pattern with bullish divergence.
If price rejects this zone and breaks structure for turnaround of buys. Expecting price to continue pattern to upside near 15600 long term.
#BTC More dip ? In 2H Timeframe, we seen a inverse head and shoulder.
If bulls can't reach above Head ($41,600) we might see another dump below the neckline
If 1H candle close below the neckline its time to short it until $38,000
ADA Inverse Head and ShouldersAda potentially gearing up for a big move with this inverse head and shoulders set up. These aren't the strongest performing patterns, so be patient when trading. It is also hard to be bullish while ADA is under 1.00, but this could change everything if it plays out. The price target of this pattern is the 1.60 range, a 75% pump. We are also testing key levels of long term horizontal support, if these lines don't hold things could get ugly. Moving to the long term VPVR, the point of control is around 1.30, which could be a good range to take profits. Being below almost all of the volume from the past year is also alarming, another reason to be cautious here. The daily EMA ribbon also flipped bullish for the first time since September 2021, but is currently struggling to stay that way. All of this convergence is pointing to an explosive move soon, lets just hope its in our favor.
Bulkowski on Head and Shoulders Bottoms: thepatternsite.com
GBPCAD | New perspectiveDespite the obvious that we are in a long-term downtrend situation on this pair; the appearance of a structure that looks more like an inverse head and shoulder pattern on the 4H time frame is suggesting we are on a verge of a reversal as we anticipate a breakout/retest of structure to hop in a potential bullish momentum.
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XLM broke out falling wedge and can shape inverse H&S#XLM/USDT
$XLM broke out from falling wedge, and hold the support zone.
🐮 holding the support can increase price to $0.23 that is around neck line of inverted head and shoulders pattern.
break out from neck line will increase price to resistance zone around $0.27 and $0.32.
🐻 rejection from neck line will drop price to break down current support and reach support zone between $0.15 and $0.12, that will be a pullback to broken falling wedge.
YFIIUSD: Inverted Head and Shoulders at the PCZ of a Bullish BatThere is an Inverted Head and Shoulders Pattern with Triple RSI Bullish Divergence at the PCZ of a Bullish Bat.
You likely don't want to see price trading below $1,480 and your first area for taking profit will probably be around $4,165
DEGO inverted head and shoulders#DEGO/USDT
$DEGO pumped and now struggle to break out from descending resistance that is the same with resistance zone.
also price shaped an inverted head and shoulders pattern in daily time frame that its neck line is near to break.
🐮 break out the neck line of H&S can increase price to touch resistance zone between $6 and $7.
keep eye on it 👀
ENJ SCALP LONG SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ENJ/USDT update. ENJ looks good here.
ENJ is breaking out from the inverse Head&shoulder pattern in 4hr time frame. Buy some now and add more at the retest.
Entry range:- $1.78-$1.81
Target1:- $1.86
Target2:- $1.94
Target3:- $2.06
Target4:- $2.14
SL:- $1.70
Lev:- 5x-10x
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Also, share your views in the comment section.
Thank You!
GO inverted head and shoulder#GO/BTC
GO broke out from descending resistance (pink) and confirmed it as support. but to be more exact I drew another descending resistance (green) and I found an inverted head and shoulders pattern.
🐮 break out from neckline that is the green resistance will increase price to resistance zone between 145 and 170sats.
break down from current support will drop price to 20sats.
#BTC Inverse Head & Shoulder In daily timeframe we seen a breakout on HSH and retest on the way.
If bears escape here, we will se strong bulls taking control!
Send it to $60,000 🪃
$SHOP 30m and D linked**$SHOP** This one looks a little tricky but my heart and mind are calling it against the algo flow... Algos have $SHOP going long. I think the bull flag failed after the gap down and created bear flag with a green bar where everyone is getting caught up in. You can have a green bear flag. Then there is a head and shoulders inside the flag. I think we will rise just not yet. I have $SHOP breaking down to 690s tomorrow then I have it going further downside into the right shoulder of an inverse head and shoulders. IMO we break to 690s tomorrow then we dip into the inverse head and shoulders bounce to retest the neckline then drop into the right inverse shoulder at 581-561. Then we start to rise out of that and head for the 800-900s.