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Inverse Head and Shoulders

BTCUSDT - Probable Inverse Head & Shoulders with BUILD UP?!Hey guys! Market's been really challenging lately, specially for those into Futures Trading that's why I'm going to repeat again. I strongly recommend you SPOT trade instead. So, as for BTC goes, the liquidity absorption is real and to either side! Where to buy? 1) One would be the rising green zone I've marked but this would mean a drop to about 56k or 52k which is pretty heavy. Still is my favorite scenario. 2) I suspect BTC is creating a pattern right now, just right after the uptrend which could be an inverse head & shoulders one. This pattern forming after an uptrend is pretty strong and bullish. However, we still need to see a proper breakout of the neckline otherwise this idea gets destroyed. So I'd buy the re-test of the breakout if it ever happens. TARGETS 1) Let it run and there are several ways to take profits partially but I'd suggest as long as the uptrend doesn't break, just hold it and take partial profits at massive supply zones. Otherwise, don't touch it. This idea is to spot for the long term. This asset is still in balanced mode, there hasn't been a breakout of the range yet. However, it's worth to note it's still a good moment to analyze what could happen to be prepared and take action accordingly. Hope you find it useful! Kina Tip of the Day: Remember BTC is the father of Crypto, the rest are just babies that follow big daddy so, don't marry any coin at all except for BTC. That's it. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar
4
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had. What is LayerZero(ZRO)!? LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner. From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern . I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) . Note: An important point you should always remember is capital management and lack of greed. LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
Stocks Good. Crypto Meh. And I Am Pulling My Stops.Traders, Market makers continue to torture crypto longs but their time is growing short. The U.S. stock market continues to press higher, led by mega-corp giants like NVidia. It is simply a matter of time before crypto follows. In the meantime though, I am tired of playing this game with MMs. For the first time since creating my public portfolio, I've decided to pull out all of the stops on my long entries. I am going to pop a few cold ones and chill for the weekend. I just don't want to play that game anymore. But please. Don't take any of this as financial advice per usual. You do you. I am only here to entertain you all with my poor choices.
AMEX:SPYLong
by stewdamus
Bitcoin - bullish rally is comingWednesday was special We rose strongly on inflation news..and We lost the rally with the interest news Yesterday there was positive news about PPI but the price decided to go sideways We are still above the 100, 50day ema We are still above the important 66k-67k Let's see the price interaction today Returning above 68,500-69,000 and a daily close will return the full positivity to Bitcoin, and it will only have 72k left to break it and then rise.. I am still waiting for a new ATH, and I will not change my opinion except by breaking 60k and weekly close below it Best regards Ceciliones🎯
by ceciliones
15
Renewable energy stocks coming back?I saw some other stocks of the same segment doing bullish patterns. We have a potential double bottom fighting with downtrend line resistance. I think is going to bounce back and forward between the 13.5 support level and the downtrend line until something breaks. The double bottom (inverted HS in the daily timeframe) tells me that the price wants to break up the downtrend from September 2022. SL triggers if a weekly candle breaks down and closes under the 13.5 level support.
NASDAQ:RUNLong
by ArturoL
3
CVNA Big Bullish PotentialHey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights of what I find attractive in the technical layout of this setup: - Weekly Inverse Head & Shoulders / Cup & Handle - Momentum is leaning bullish (TTM_SQUEEZE) - Bought up from $20 demand zone - Daily Chart has ema cloud bounce - Decent Volume Accumulation Limits to this / confirmation needed: - Weekly ema cloud testing key area - Monthly Ema Cloud key level as well Closing Notes: I do believe that this technical setup is very strong. I also like that not many of the fundamentals & catalysts will likely play into this as Q3 Earnings just reported. This ER also swung a profit in EPS, and sent a pop in the stock adding to some positive sentiment surrounding NYSE:CVNA Overall I am looking to go long on a bullish retest of some sort and wanted to share a setup I have not seen in a while!
NYSE:CVNALong
by ZachSap
BTC:POTENTIAL INVERSE HEAD AND SHOULDER FORMATION!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Bitcoin (BTC) Update: BTC is forming a bullish inverse head and shoulders pattern on the daily timeframe. The price is currently attempting to break above the neckline, which could signal a significant price increase. Here's what we're watching: Confirmed breakout: A clean break and close above the neckline is key for this pattern's validity. Price target: If the breakout is confirmed, we could see a rally of 20-25%, potentially reaching $85k-$90k. Let me know your thoughts in the comments below!
Long
by CoreCrypto1
BTC Inverse Head & Shoulders on Daily ChartInverse H&S Pattern is almost completely formed on the Daily Chart. A Break and close above $71 734 on Daily chart could result in measured moves corresponding with the moves in the Inverse head and shoulder pattern. My prediction: if a Daily close above this level, then we'd see a break upwards to FWB:77K , retrace back to neckline, and bounce up to $86, 625. First price target: $77, 000 Second Price Target: $86, 625 Amateur pattern and technical analysis trader. NOT investment advice. Making these posts to document my own journey and thought processes/development on here.
COINBASE:BTCUSDLong
by RyanKasper
ETH Support 3700 Appears To Be HoldingETH ETFs will give Ethereum and therefore altcoins a nice bump/pump and I believe that, as long as ETH can hold this current support level at around 3700, then Ethereum and altcoins have found their local low. In other words, altcoin season is close. Supporting this theory is this inverse H&S pattern which I spotted well before the right shoulder had even formed. We can now see that this pattern appears to actually be playing out and Ethereum should remain strong for the remainder of 2024, though the possibility of breaking support at 3700 and dropping to 3500 still remains relatively strong as well before further upside. Adjust all stops and plan accordingly.
COINBASE:ETHUSDLong
by stewdamus
1
Flare has 1 daily candle close above the invh&s neckline. Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
COINBASE:FLRUSD
by DrDovetail
11
PepeCoin (OG) ready for a big movePepeCoin (PEPECOIN) is showing strong bullish signals with the formation of an inverse head and shoulders pattern on the daily chart, suggesting that PepeCoin might be gearing up for a significant move upwards. Current Price and Market Context: As of the latest data, PepeCoin is trading at approximately $5.75 USD. This marks a substantial recovery from its recent low of around $4.56 USD a week ago. Over the past couple of days, PepeCoin has surged by over 13%, with a trading volume of $3.24 million USD, highlighting strong buying interest and momentum. Support and Resistance Levels: Key support is established around $4.95 USD, with immediate resistance at $5.82 USD. A successful break above this resistance could see prices testing higher levels, potentially retesting its all-time high of $7.57 USD. With the inverse head and shoulders pattern and strong recent performance, PepeCoin looks poised for a potential breakout. Traders and investors should watch for a confirmed breakout above the $5.82 USD resistance level. Keep an eye on trading volume and broader market trends for additional confirmation of this bullish move. Other Considerations: BasedAI, developed by Based Labs, is an innovative project integrating AI and blockchain technologies to enhance data privacy and computational efficiency. It introduces "Brains," which are distributed containers for executing large language model (LLM) tasks, leveraging PepeCoin for their acquisition. Users can acquire these Brain NFTs by burning or staking PepeCoin, which in turn enhances the coin's utility and value. According to the BasedAI whitepaper, 80% of the entire PepeCoin supply will be burnt when all of the brains are minted.
Long
by ckarling
2