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Head and Shoulders

Inverse H&SBroke the neckline on 20th of october on greater relative volume and has been retesting the neckline as support (or close to) on greater volume a few times since! Looking back in history we are statistically entering the most bullish week of the year... how will the statistics look this time? IMO this horse is now trotting... ready to hit the gallops! Im leaning bullish... looking at the chart pattern it is telling the tale of re-accumulation Bullcase: Inverse Head & Shoulder pattern formed with relatively decreasing volume on each low (shoulders & head) Broke the neckline on relatively greater volume, confirming the pattern Target: $210 Bearcase: Pattern is invalidated if neckline is broken to the downside on relatively greater volume and retests the neckline as resistance getting ready to break down further. Target: $125
Long
by lill_knaas
Inverse H&SInverse Head & Shoulder printed on the daily chart. Breakout of the neckline on increasing volume. Trading halted on Nasdaq on friday 8th of november pending a T12 halt (Nasdaq requesting additional information from Cleanspark) According to sources Cleanspark has on the 31st of october 2024 filed (and got approved) an application (8-A 12(b)) to register securities, namely warrants excercisable for shares of common stock at an price of $165.24 per share with expiration date in the year 2028. this implication happened due to the merger of Cleanspark and GRIID infrastructure. 1 warrant = 960,395 shares 165.24 x 0.069593885 = $11.50 (share value when deal was completed) How this impacts the market I can only guess, but looking at the overall increasing volume and the inverse Head & Shoulders pattern I am drawing the conclusion that we are looking at accumulation and on the verge of breaking higher Bullcase: Neckline acts as support as price makes higher highs Next level of resistance at $16 (fibonacci 50% level) Target: $20 Bearcase: Neckline breaks to the downside and acts as resistance. Price breaks lower, this was a distribution area. Asset can be consciderd as weak due to being in the area under the fibonacci 50% level and as price makes lower highs it could trigger a sell of Target: $5 bearcase less likely due to the macro environment BTC making higher highs as global liquidity is on the rise
NASDAQ:CLSKLong
by lill_knaas
The CryptoSniper's Bitcoin prediction --- $140kIf we can envision a Inverse Head and shoulders forming. With a horizontal neckline coming in at around $47.5-48k It gives us a LOG projection north of $140k Draw it out yourself and see :) A linear target would be much more subdued and give us a $80k target And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow. That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level) But lets's be optimistic and aim high but recognise the value of having BOTH targets in mind. @TheCryptoSniper Thank you for your ongoing education and dedication to your craft.
BITFINEX:BTCUSDLong
by BallaJi
15
Extremely ugly invh&s currently in play on XRPUSDI have placed the measured move/breakout target line rather arbitrarily here. It wouldn’t surprise me if price action had a pullback or correction to reset some of the indicators before actually breaking above the neckline in which case the measured move breakout line(dotted line) would most likely need to be readjusted lower than where I’ve arbitrarily placed it here iin the process lowering the breakout target as well. Always a possibility that it doesn’t correct in between now and reaching the target though in which case we are looking at a target somewhere around 89-93 cents. I know many who only consider bukowski’s textbook version of an inverse head and shoulders to be one will have their skepticism about such an ugly looking example of an inverse head and shoulders, but n my experience it is the ugliest and most asymmetrical examples of inverse head and shoulders patterns that seem to have the highest percentage of being validated and reaching their full breakout targets. *not financial advce*
BITSTAMP:XRPUSD
by DrDovetail
Bitcoin's Bullish Path: Monthly Inverse Head and Shoulders BreakBTCUSD's monthly chart has confirmed an inverse Head and Shoulders breakout, suggesting a potential bullish surge in the coming months. The breakout above the neckline around $70,000, supported by significant volume, aligns with a price target of over $300,000, representing a potential 300% gain. This setup highlights a possible major uptrend, with Bitcoin aiming for new all-time highs. Traders should watch for a successful retest of the neckline to confirm bullish momentum. If BTC maintains support above this key level, the path to $300,000 may unfold, marking a pivotal bullish phase for Bitcoin.
BITSTAMP:BTCUSDLong
by anisKr25
ZCXUSDT Unizen 2h updateHi there Something exciting is happening on this Gem on 2h tf.. People are creating some shoulders and Head! I like to hunt this patterns on spot Coins like Zcx!! And i live the project of Unizen exchange and company:) This Coin has a good Future i bet! 0.07 is not fair for this Unknown Gem I mean its something rare you can Hodl and save your money as ZCX it worth now buy some with 15% Sl Head and shoulders will be hunted if BTC and Eth Continue Rising ✓ Goals are 0.1( short term) and 0.2 Good luck
Long
by Unknownzeros
INTU - 9 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. ═════════════════════════════
NASDAQ:INTULong
by TheArtOfCharting
Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?Since topping out nearly 4 years ago the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into. Clear trend of lower high's and lower low's. The trend has not been friendly to the Link Marines! Are we repeating the tale of #XRP and their faithful army? Both get dumped on by the their respective foundation or founding company. Both claim Banks will use their products / software ... Link does have #CCIP usage but it is not the only #interoperability solution. We already have #RWA on the blockchain.. they are called #stablecoins. Either this ratio is in danger of breaking down. Which maybe signalling a broader #Altcoin market demand destroying period.... Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?
by BallaJi
4
BITCOIN Weekly line charttells a story of 4 discernible patterns and 4 log targets. 1) The inverse head & shoulders to end the bear market 2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart. 3) A small sideways flag 4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves. As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart. Another tool in your toolbox.
INDEX:BTCUSDLong
by BallaJi