XRP/USD - Short Term Price PredictionHello all,
XRP/USD appears to have broken out of an Inverted Head & Shoulder pattern. Short term target is 0.54.
This is just a near term target and I am expecting XRP to rally much higher. I will be looking for a series of bullish patterns and waves to be forming in the coming weeks to provide added confluence.
Do follow for further updates.
Feel free to leave a comment on where you think the price will go.
Thanks for looking,
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust your own analysis.
Beyond Edge
Invertedheadandshoulders
Ascending Triangle breakout for TRIL?It appears as though TRIL is breaking the horizontal resistance of the ascending triangle, only modestly at the time being.
The two green lines are the shoulders of an Inverted Head & Shoulders, and the blue head is obviously the head of the pattern.
On the RSI there's a bullish flag or descending triangle forming, I guess we will see if there's enough momentum to break through the downward sloping resistance, and possibly back test turning into support like I have drawn hypothetically in green.
A bearish cross already happened on the KST, it looks like a bullish cross is on the horizon.
Clearly a divergence between the price rising and the RSI moving moderately sideways.
Giant Ascending Triangle for Pepsi?Pepsi appears to be trading in an ascending triangle drawn in blue, but additionally, there's a noticeable inverted H&S, the blue head icon represents the head, and the two dark green lines are the shoulders.
I have placed a blue finger on the KST to represent a bullish cross.
On the RSI there appears to be a descending channel & potentially a triple bottom where I have placed the three blue fingers.
INVERTED HEAD AND SHOULDERSHere we have a nice example of the INVERTED HEAD & SHOULDERS PATTERN.
It's a simple pattern and easy to spot but
bear in mind that it isn't always look perfect.
It offers a very good Risk To Reward ( 1:5.5 = 550 pips).
SO TRAIN YOUR EYES TO SPOT THEM & CATCH THAT BIG MOVE ! ! !
EURGBP bounce over a weekly resistance🦐EURGBP after breaking below the descending channel found support exactly over a weekly support.
The price bounce and created an inverted head and shoulder.
IF the price will break above the neckline we will set a nice long order according to Plancton's strategy-
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
Potential Ascending Triangle on the S&P 500Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern.
Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support.
EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern.
Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
Bulls Losing Strength Mid-Day on SPYThe bulls failed to capture 338 which had become an important intraday level for them. After rejecting for the 3rd time, that's all the bears needed to hop in.
Since then the bears have maintained their control but they have work to do if they want to take us negative for the day.
Price action will likely remain volatile through close but I don't expect the bears to have enough in them to take us negative before close.
Right now the market is looking like its favoring a Trump win. I am completely unbiased and my assumptions are purely based on price action of the market, commodities, and currency.
So far it's been Solar having the hardest time trying to understand what it wants to do. AMEX:SPY
Bulls Are Showing Up on Election DayToday we've seen an impressive case for the bulls on that last day of the Election. This has been a great performance from the bulls as they continued to push price higher and higher with little resistance from the bears until we hit 338, about an hour into market open. Bears gained a little control as bulls rested and look to be preparing another rally, trying to break through the 338 resistance.
I'll update this chart throughout the day as we head into one of the most important elections in our history. AMEX:SPY
Dollar Inverted Head and Shoulders into Possible Cup & HandleHere we have several bull patterns on the dollar futures.
First we established and broke out of a bull pennant, Then we moved onto another bullish pattern, inverted head and shoulders, and now we've developed a cup. Is this a handle that formed on the cup?
Whichever way you look at it, this is very bullish price action on the dollar.
What I'm looking for is the price to break through resistance and into the blue channel while flipping the resistance into support and ultimately capturing the top of the blue channel.
ICEUS:DXY
IOTXUSDT created an inverse head and shoulder 🦐IOTXUSDT created an inverse head and shoulder on weekly support, and now the price is testing daily resistance.
IF the price will break the resistance and flips into support According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AMZN: Key Points to keep an eye on!Hello traders and investors! Let’s see how AMZN is doing, and what are its most important key points to keep in mind!
First, we have the green line at $ 3,277, which was a previous support, and it worked as a resistance today, thanks to the Principle of Polarity in Technical Analysis. Also, it has a strong support at the black line, around $ 3,125.
If we see a breakout from any of these points in the short-term, we could see a stronger movement on the daily chart:
Here, the most important key point is the green line at $ 3,225 , as it is the Neckline of the Inverted H&S chart pattern. Amazon is doing a pullback to this support level, and if it closes above this point, would be a sign of strength. This could lead the stock to retest the resistance in the hourly chart again, or even defeat it, and lead AMZN to $ 3,496 again.
On the other hand, if AMZN closes under the neckline, it’ll retest its support levels, like the black line mentioned in the hourly chart, and the blue line at $ 3,088 in the daily chart. There are no supports below these levels other than the red line at $ 2,887.
The 21 ema is flat, and it is going to release its Earnings in 3 days . I believe this will bring volatility to the stock, and usually, this means opportunity. The bull trend is weaker on the Nasdaq Index, and maybe this will affect Amazon as well. But so far, the stock is just doing a pullback, and I see the neckline at $ 3,225 as the most important point for AMZN right now.
Also, if you like this analysis, please, support it ! And follow me to keep in touch with my daily analyses.
Have a great Monday!
EURUSD - Tracking Minor Waves - AriasWave VS Head and ShouldersIn this video update I explain how the waves can be used with the inverted head and shoulders pattern.
We are seeing all the right waves play out which indicate further upside.
Please LIKE and FOLLOW to get notification of updates and future posts.
BTCUSDT | Inverted Head and Shoulders bullish patternBitcoin has shot around $1 500 higher over the past week, reaching a weekly high of $13 200. The price of the leading cryptocurrency has dropped slightly to $12 900 as of this article’s writing, just shy of the highs and the pivotal $13 000 resistance level
Three Fundamental reasons why Bitcoin is moving higher
The global markets are pricing up in an expectation of democratic win for the Presidential Election of 2020. Analysts say that this will ensure that there is more fiscal stimulus coming, which will result in the devaluation of the U.S. dollar and a relative rally in the price of Bitcoin.
More institutional capital continued to flood into Bitcoin and this market this past week. U.K. fintech company Mode revealed it would deploy some of its cash into BTC. Also, Grayscale Investments shared it has seen massive institutional investment after already reporting a record quarter of over $1 billion in investment.
PayPal confirmed its support of cryptocurrencies this week with an intent to support the purchase and sale of top coins like Bitcoin, along with digital asset payments. There are also rumors that the company is looking to acquire crypto firms, namely BitGo.
Are there any technical confirmations?
We can see at the short-term timeframe chart Bitcoin price broke down ascending trend line which resulted in sideways trends shift. Afterwards the price action attempted to break it above but got a rejection. Within this day Bitcoin has consolidated and finished Inverted Head and Shoulders (IHS) pattern at the psychological level of $12 900 which is also at the top of the Bollinger channel.
Conclusion
Taking into account both Fundamental and technical sides we can sum up that there is a very high probability of Bitcoin price continues upward movement till the end of October. Hedge your positions with tight risk management settings. Our next target is FIb 1 level which is around $13 250 zone
Strong Buy On GBPUSDHello,
GBPUSD is set for a buy. On the daily time frame, a bullish inverted head and shoulders pattern is being formed. The current price has broken the neckline of the pattern, retested it and is moving bullish. My Tp is set at 1.33840 because that's the highest price has reached.
Strong Buy on GBPUSDHello,
GBPUSD is set for a Buy. On the daily timeframe, a bullish inverted head & shoulders pattern is being formed. Current price has broken the neckline of the pattern, retested it and is moving bullish. I set my Tp at 1.33840 because that's the highest point price has been recently.