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Head and Shoulders

SOLUSDT Poised for a Major Move: Don’t Miss This Opportunity!Yello, Paradisers! Are you ready to capitalize on the next big move in SOLUSDT? Let's dive into the details and see what's brewing with this potential breakout pattern. 💎SOLUSDT has formed an inverse head and shoulders pattern, signaling a potential bullish reversal. Currently, the price is flirting with a resistive trendline and a significant resistance zone. A proper breakout here could lead to a substantial upward move. 💎For a confirmed breakout, we need a candle closing above the resistance zone. This will significantly increase the probability of a bullish move. Until we see this confirmation, it’s essential to stay cautious. 💎In the event of a pullback, we can anticipate a bounce from the support level. However, for confirmation, we need to see an I-CHoCH (Internal Change of Character) in the lower time frames. This will indicate that the support is holding strong and the bullish momentum is intact. 💎Be mindful that if the price drops below the right shoulder and the support level, it will invalidate our pattern and the entire bullish thesis. It’s crucial to have a plan for this scenario to manage risks effectively. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531 Resistance:- 2600, 2620 If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated. Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close. Wait for the price action near the levels before trading.
NSE:RELIANCE
by Mambotrade
8
WIFUSDT Poised for Major Reversal—Don't Miss This Move!Yello, Paradisers! Did you catch our recent prediction on WIFUSDT? 📈 If not, here’s a crucial update you need to know—this could be your ticket to the next big move! 💎WIFUSDT has broken out of its descending channel and formed an inverse head and shoulders pattern, significantly increasing the probability of a bullish reversal. But what does this mean for you? 💎For confirmation of this pattern, we need a breakout above the resistance level. This breakout will validate the pattern and boost the likelihood of a strong bullish move. Keep your eyes on this level—it's critical. 💎In case of a pullback, we can expect a bounce from the demand level. However, confirmation is essential here too, and we need to see an i-CHoCH (internal Change of Character). This would reinforce the strength of the demand zone and indicate a potential upward bounce. 💎On the flip side, if the price drops below the demand level and the right shoulder, it will invalidate our bullish pattern and strategy. This would signal a potential shift, and we'd need to reassess our position. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Stay focused and disciplined, Paradisers. Your patience and strategy will pay off in the long run. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Is a Major Breakout in FILUSD Imminent?Yello, Paradisers! Have you been tracking FILUSD lately? If not, you're about to miss out on a potential major move! 📈 💎FILUSD has recently broken out of a resistive trendline and formed an inverse head and shoulders pattern. This pattern significantly increases the probability of a bullish move. 💎 For the inverse head and shoulders pattern to be validated, FILUSD must break above the resistance zone. This breakout will signal a strong bullish move. 💎 If there's a pullback, expect a bounce from the demand zone. However, confirmation requires an I-CHoCH (Internal Change of Character) towards a bullish market structure in lower timeframes. 💎 If the price breaks down and closes below the right shoulder and demand level, it will invalidate our pattern and bullish thesis. Trade Smart, Paradisers, and stay disciplined with your strategy. The next big move could be just around the corner. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Head and SHoulder visible on Weekly Time Frame### Key Patterns 1. **Inverse Head and Shoulders Pattern**: - **Left Shoulder**: Formed around late 2017. - **Head**: Formed around early 2020. - **Right Shoulder**: Formed around early 2023. - This is a bullish reversal pattern suggesting a potential upward movement. 2. **Neckline**: - The horizontal line connecting the peaks of the shoulders and the head, which has been broken recently indicating a potential upward breakout. ### Indicators 1. **Volume**: - A spike in volume can be seen around the time of the breakout, which adds credibility to the breakout. 2. **RSI (Relative Strength Index)**: - The RSI divergence indicator below the main chart shows bullish signals at various points where the stock was oversold (RSI near 30) and has moved upwards. - Current RSI is around 54.61, which is in the neutral zone, suggesting there is still room for upward movement before becoming overbought. ### Trendlines - An upward sloping trendline is drawn from the bottom of the head to the recent price action, indicating an ongoing uptrend. ### Price Levels - **Current Price**: 127.25 INR - **Support Levels**: Around the neckline level (~95.00 INR) and previous low points. - **Resistance Levels**: Previous peaks and psychological levels such as 168 INR, 200 INR, etc. ### Analysis Summary - **Bullish Signal**: The inverse head and shoulders pattern, a recent breakout above the neckline, and the confirmation with increased volume are strong bullish signals. - **RSI**: The RSI is in the neutral zone, allowing for potential further upward movement. - **Trendline**: The upward trendline suggests continued bullish momentum. ### Trading Strategy - **Entry Point**: Consider entering around the current price level (127.25 INR) or wait for a slight pullback to the neckline (~95.00 INR) for a safer entry. - **Stop Loss**: Place a stop loss slightly below the neckline (~90-95 INR) to manage risk. - **Target Price**: Look for resistance levels as potential target points, starting with 150 INR and moving upwards. This chart indicates a positive outlook for Autoline Industries, given the technical patterns and indicators. However, it is important to consider overall market conditions and other fundamental factors before making any trading decisions.
NSE:AUTOINDLong
by brijmohan_h
FET/USDT Breaks Out of Descending Channel and Forms Inverse HNS!Yello Paradisers! 🚨 Are you ready to catch the next big move in FETUSDT? Here's what you need to know right now: 💎FETUSDT has broken out of a descending channel and formed an inverse head and shoulders pattern, significantly increasing the probability of a reversal from this point. 💎If FET breaks above the resistance zone, it will validate the inverse head and shoulders pattern. We can then expect a bullish move. 💎In case of a pullback, we can expect a bounce from the bullish order block (OB) level. However, we need an I-CHoCH (Internal Change of Character) on lower time frames for confirmation. 💎If the price breaks down and closes a candle below the right shoulder and the bullish OB level, it will invalidate our pattern and the entire idea. In this case, it’s better to ignore the setup and wait for a more reliable price action to form. Stay disciplined and patient, Paradisers. Remember, consistency and waiting for the highest probability trading opportunities are key to long-term success. 🎖 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
DIXON TECHNOLOGY channel break for next big moveNSE:DIXON seems ready for next big move as on weekly scale it has completed it's wedge pattern and already breakout happened for 40% now second entry comes now as it has now given breakout from channel (better visible on daily time frame). Next, at least 40%, move is quite clear. Note: Government ban over import of related goods could possible accelerate it. Disclaimer: My ideas are not for recommendation purpose. Just sharing ideas with community.
NSE:DIXONLong
by sharmagkp