-AAVE/USDT forming Inverse Head & Shoulder Pattern on 30-60 Min Timeframe.
- Right shoulder forming as triangle ( which shows consolidation below the resistance in triangle)
- Will open a long position on triangle breakout and add more once it breaks the neckline of Inverse Head & Shoulder Pattern.
- Expecting a move towards 160-170 (Height of triangle)
- BEL is forming Inverse Head & Shoulder Pattern on 3D Chart.
- Adding some buy positions here and keeping a big amount left to add more on breakout of IHS Pattern.
- Break above neckline and expecting a move of 50-70% in upcoming week.
- XRP is forming reversal pattern on weekly chart at the bottom.
- Weekly trendline from Sept 2019 is also about to break ( wait for weekly close for confirmation).
- If this pattern plays out as plan 1st TP will be 0.50$ where I'm going to close the major position and will keep 25-30% of the position for Hold.
Let's see how this thing plays out.
- ZEC Completed its Cup & Handle pattern.
- Currently trading over the neckline which is strong resistance for ZEC.
- If the 4 HR Candle closes above the neckline of Cup & Handle pattern than this can fly towards $90-94.
- BAT is forming IH&S pattern.
- This whole move up can be ABC correction and currently its in Wave B.
Or this could be start of new impulse wave and currently its in wave 2.
I'm waiting for Neckline to break, will long on retest of neckline.
- IOTA/USDT after a good rally, now at the top its forming Head & Shoulder pattern.
- This kind of pattern is normally formed on the TOP of the market after a rally.
- Wait for the Price Action when it touches the NeckLine of the pattern.
- Breakdown with volume will confirm that the down move or correction started.
Target for downside = Height of Head
-LINK/USDT is forming Bull Flag/Channel.
- Volume is following the Bull Flag/Channel decreasing volume with Price which indicates Moderately Bullish & weakening downtrend.
- Sell Pressure is good bulls waiting for bears to exhaust.
- RSI is giving early sign of breakout but for confirmation we need candle close.
- If this pattern plays out and it break out,...