PLTR: Giving us a Technical Analysis class!Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here.
First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on.
What’s more, we had another classic chart pattern called Island Reversal , which is usually a strong sign, as long as it is not frustrated. Now, let’s see the daily chart:
In the daily chart we have a classic candlestick pattern called Morning Star, which is interesting. Every Morning Star is at the same time an Island Reversal pattern in smaller time frames.
The volume increased a lot in the past few days, but the problem is that right now the stock just found a resistance at the 21 ema, which can make things difficult for PLTR. In fact, in the daily chart, it barely hit the 21 ema and now it is doing this Dark Cloud Cover candlestick pattern.
Let’s proceed carefully on PLTR, as we have bullish and bearish patterns, the question is, which side do you think will prevail? The bulls or the bears?
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Invertedheadandshoulders
Inverted head and shoulders on $JKSLooks like it could be forming an inverted head and shoulders. If it breaks downtrend monday I could see a huge step up.
SPX1H looks to be setting up an IH&S pattern that will break up to ATH's I still think this correction is almost over and we continue higher. Possible correction around 4800
BNBUSDT Inverted Head and shoulderHello Traders!
BNBUSD changed the bearish scenario with this inverted Head and Shoulder pattern.
Inverted H&S is already broken and BNB is ready to move up to 380 Target.
10 yrIH&S pattern broke up the 200 weekly ema. Bond yields will most likely be testing around 1.66% and as long as the markets stay up I think we will enter a blow off top.
I can see 1.66% on the 10 yr or maybe even higher with sp500 making a monster run blow off top to 4200 plus B4 any larger correction.
ADA/USD inverted head and shouldersHow much longer will ADA/USD consolidate within this current range?
I feel like something will give in the next few days.
Looking at the 4 hourly an inverted head and shoulders pattern has formed within the bullflag, MACD is about to cross over.
Potential Inverted Head & Shoulders on EURUSDThis is the opposite of what I was seeing on DXY, inverted H&S within a corrective structure.
In the case of EURUSD, we have a little more confluence as it appears to be retesting the breakout of the bearish structure as it approaches a strong area of support and the price is still within the HTF bullish channel.
Let me know your thoughts.
OPKO Head and ShouldersIt's looking like we have an Inverted HS pattern that would potentially continue into yet another Inverted HS. Indicator movements to consider would include a bullish MACD cross, RSI confirming strength and high volume following through at the moment. This is a long term play that might have some good scalps to consider, potential plays on lower time frames. This is not financial advice.
Rising Wedge / Ascending Channel for Ethereum?It appears as though Ethereum is trading in in an Ascending Channel or possibly a Rising Wedge, the price is staying inside the channel except for one deviation that was very short-lived, I'd disregard that price movement because the overall pattern is more important.
I have placed a blue human head and body icon to represent the head of an inverted H&S pattern.
On the RSI there's possibly an Ascending Triangle forming.
On the DMI there's been a bullish cross where I have placed the blue finger icon.
VTHO - Inverted H & S Pattern - Waiting for ConfirmationHello Traders,
It looks like we have an inverted Head and Shoulders patter forming the hourly.
As well as a triangle forming on the hourly.
I’ll be waiting for a breakout to the upside for confirmation that it is in fact forming the rest of the right shoulder and also breaking above the triangle trendline.
Targets:
Retesting the .008, .009 and if we can break the .01 range maybe we’ll see it pass it’s original high of .013 range.
Good luck!
Getting ready for huge breakout BINANCE:VETBTC
VET is one of the coins that hasnt pumped that hard comparing to the others btc pairs.
BUT, we have a clear inverted H&S pattern on the 3D chart with a neckline area at 96-100 area.
If VET manages to close above this area the pattern is very likely to be played out and lead to huge breakout and finally reversal for that coin.
We also have a bullish crossover on the Weekly MACD and rising daily volume pointing that bulls are in favor.
Areas of potential selling interest are marked on the chart with red
Also some rumors for new listings and partnerships will help too from the fundamental perspective.
Happy trading to y'all
NIO: Making very precise and technical movements!Hello traders and investors! Let’s see how NIO is doing today!
First, NIO did what it should’ve done: Triggered an Inverted Head & Shoulders chart pattern, as we already discussed in my last analysis (Jan 8, link below if you missed). It hit the previous resistance at $ 64.45 and now it is to the blue line again - all with astonishing precision.
This movement is not scary at all, as IH&S have a pullback rate to the neckline of roughly 66% of the time. But the question is, if NIO will resume its bullish momentum, or if it’ll engage in a bear trend from now on.
Let’s see the daily chart for more clues:
The thing is, NIO is still accumulating, and a pullback to the 21 ema is expected. The volume increased when NIO started to climb up, but it is decreasing during this drop, which is something worth to notice.
So far, we have no clear reaction here, but we might see one soon, otherwise NIO will just drop to the $ 57.20 or 21 ema again next . If NIO is up or down, the chart will give us more clues soon, so it is important to monitor NIO closely from now on, as it is at a decisive point.
If you liked this analysis, remember to follow me to keep in touch with my updates, and support this idea if it helped! Check my other analyses if you liked my style, I'll leave some links below.
Have a great weekend, and a nice Holiday! See you Tuesday.
IOTAUSDT inverted head & shoulders pattern almost complete...Almost at the measured objective. I'd say it's practically completed though.
I do think it's set to go higher. IMO.
Not trading advice.
Ascending Triangle breakout for TNY?TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle.
On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation.
On the DMI there's been a bullish cross.
Also, worth noting, the red downward sloping resistance that has rejected the share price consistently since Aug 2018, was broken to the upside in June 2020, and every time it's been back-tested since it has acted as support, turning old resistance into new support, inherently bullish.
One co-packing announcement or large Beckett's purchase order through Costco, Kroger/Ralphs, or BevMo! should break this ascending triangle pattern flush to the upside, time will tell.
Possibly an inverted H&S in green, with the human body icon being the head.
QLGN: INVERTED HEAD AND SHOULDER, BOUNCE PLAYQLGN
The price is retesting the neckline of the inverted head and shoulder . It is potentially a very good support for a long entry.
I'm playing the bounce with the red line as target (swing trade).
I'll close the trade if we break below the neckline.
Trade safe.
NIO: Keep your eyes open to these signs!Hello traders and investors! Let’s see how NIO is doing today!
It seems it found a resistance level at the blue line ($ 59.15), which is a Key Point for the short-term, as it could work as a bullish Pivot Point , leading to a reversal in the mid-term.
We also might have an Inverted Head and Shoulders chart pattern in the hourly chart, and although the neckline was already defeated, the confirmation will come when the $ 59.15 will be defeated.
Now, the daily chart:
In the daily chart we see that NIO lacks volume , and it’ll only start a new good upside movement when the volume increases again.
We are still near a support level, the $ 57.20, and the 21 ema. If NIO triggers the right signs, it could hit the $ 66.95 again, but have yet to see any confirmation.
NIO is in a crucial moment, and it deserves a special attention. If you liked this analysis, remember to follow me to keep in touch with my updates, and please, support this idea if it helped!
Thank you very much.
BTC Possible H&S Pattern W/ $38k TargetWe have some bullish pressure to the upside going on, as well as a potential inverted H&S pattern that would have a target of $38k. This is not financial advice.
MKR/BTC Inverted Head and ShoulderMKR/BTC seems to be forming an inverted head and shoulder, with an upwards potential of roughly 30% if it breaks out above the white resistance line.
From a fundamental perspective MKR seems undervalued compared to its peers in the Defi space, with a current market cap of roughly $1.5b, below most big Defi players despite the fact that it can be seen as the mother of all defi projects, a Market cap/TVL ratio of only 0.31 at the moment is extremely low in my opinion, even when looking at the fully diluted market cap it is only 0.35.
I am extremely bullish on MKR from todays price point. It has been going sideways for the past 2 weeks and is ripe for another big move to the upside.
