🚨 Head & Shoulders Pattern Alert on the 2H Timeframe! 🚨
Traders, get ready for an impeccable Head & Shoulders (H&S) pattern is forming, and it’s gearing up for a decisive move!
Here's the breakdown:
📊 Left Shoulder, Head, and Right Shoulder: The structure is complete, and the price is consolidating within the right shoulder. This is classic H&S behavior, signaling potential for a downtrend once the neckline is broken.
📉 The Neckline: All eyes are on the neckline! If the price breaks through, we’re looking at a strong dump scenario, making this an ideal take profit zone for those riding the short wave.
⚡ Trade Strategy:
Wait for confirmation enter the trade after a solid breakdown of the neckline.
With confidence in your chart-reading skills, you might want to enter now before the breakout for maximum potential gains.
🚨 RSI Divergence Indicates Downtrend Potential! 🚨
Traders, the signals are clear this market move is ripe for analysis. Here’s why the RSI Divergence has caught our attention and why you should act strategically:
📈 RSI Levels Analysis:
This stock is deep in overbought territory, well above the critical 70 level. Historically, this signals a high likelihood of a downtrend reversal.
The divergence between price movement and RSI levels further strengthens the bearish signal, pointing toward potential downward momentum.
📉 What This Means:
When RSI hits extreme overbought levels, a correction or reversal often follows as buyers lose steam and selling pressure kicks in. Combine this with the divergence, and the probability of a significant downtrend move increases dramatically.
🚨 Market Insight: AVAX/USDT 🚨
Analyzing the AVAX/USDT, there’s clear evidence of future liquidity clustered around the $40.40 zone. This setup strongly suggests a bearish move as liquidity often acts like a magnet, drawing price toward those levels.
Signal Type : Short
Entry: 41.61 or market price
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1st Tp: 40.22
2nd Tp: 38.89
3rd Tp : 37.17
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