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Ethereum - Inverted Head & Shoulders - Reversal PatternPotential 10%+ Gains to the upside today, based on the Inverted Head & Shoulders pattern , which is inside of a 2 day Ascending Triangle pattern Looks like an imminent breakout in the next couple of hours . I think hodling on to at least 25% for a possible continuation up from 2,750 wouldn't hurt, but don't Bag Hold if your using Leverage ! Hopefully this monster, multi-week, insane pullback is over. There has been plenty of accumulation. Time to distribute. ;) Good Luck Trading Today!
COINBASE:ETHUSDLong
by Double_R_86
5
Bearish Head and Shoulders might formPeople who bought at the re-test got stuck really hard because of Elon Musk. Most of the people lost confidence in the market since it's not that reliable to trade these days. I am guessing that many people are waiting for the price to pump up a bit so they can exit with a small loss. It mostly happens before the previous peak price and the trend lines are also descending. So I think this will happen below $39,500 and an aggressive target would be $38,300 since there is a resistance line there, and $39,000 max. Calling a head and shoulders before it forms is stupid, but just be prepared for it. I'm not saying it will happen, it's just a possibility. The last time I predicted the right shoulder, it became true perfectly around $40,300 as you can see below. I'm just a practicing amateur. Please do not trade relying on my analysis.
Short
by naezith
3
WOW....DOGE LOOKS LIKE ITS COMING DOWN FOR MOON LANDINGWHAT DO U GUYS THINK? Is DOGE gonna land hard going down with this daily head and shoulders pattern? if i did the technicals correctly we are looking at a 21 cent DOGE very soon as it looks as if it has broken the neckline, this could be a huge 25% drop/landing bearishly down down down, if im missing something please leave me a comment, if u agree please leave me a comment, if u disagree please leave me a comment, im sorry but i think that doge and possibly bitcoin have topped out and correction is further due, but we know "BUY THE DIP' and lets get rich, i hate to be a bearish of bad news but if this plays out then elon musk is about to lose 1/2 billion dollars lol sorry elon, maybe you should of not started this bear bearish correction huh? well enough said, u see the chart? it speaks volume but to the downside. SHA256BITTRADER WOW......WOW.... WOW... HEY DOGE COMMUNITY I KNOW THIS WILL STING NOW BUT U WILL REAP THE BENEFITS WHEN IT TAKES OFF AGAIN TO MARS WITH ELON NEXT TRIP IN SPACEX!
DShort
by TRADERBUG_TECH
1
$RBLX Roblox Head and Shoulders Inverted Pattern$RBLX has formed an inverted head and shoulders pattern which is a short term bullish reversal sign. The stock has been fluctuating between $78 and $64 since IPO in March. The stock formed an inverted head and shoulder pattern and confirmed upward breakout yesterday crossing the neckline price of $75 per share. Left neck is lower than the right neck which is one of the main characteristics of head and shoulder pattern.The stock has tested the resistance line on 11 May but couldn't break above it. It made a partial decline forming a head and we know that partial declines or partial rises are usually a sign of the change in the trend. Volume has shaped U pattern which also pretty common in head and shoulder patterns. Even though there are strong signals and confirmations of a bullish trend I would suggest to wait for the final confirmation of resistance line becoming support line. If the stock breaks the resistance line and trades above the line for few days open a long position. 1st price target is $85 for the next 45-60 days. 2nd price target is $100 till the end of the year This is a new stock and statistics might be misleading. Overall the stock has a great potential as its a game changer in the gaming industry. Good luck and trade smart! (not a financial advice) Please like and share if you like my idea.
NYSE:RBLXLong
by faridisayev
2