šŸšØ Head & Shoulders Pattern Alert on the 2H Timeframe! šŸšØ

Traders, get ready for an impeccableĀ Head & Shoulders (H&S)Ā pattern is forming, and itā€™s gearing up for a decisive move!
Here's the breakdown:

šŸ“ŠĀ 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 aĀ downtrendĀ once the neckline is broken.

šŸ“‰Ā The Neckline: All eyes are on the neckline! If the price breaks through, weā€™re looking at a strongĀ dump scenario, making this an ideal take profit zone for those riding the short wave.

āš”Ā 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.



AVAXUSDT INDEX

šŸšØ RSI Divergence Indicates Downtrend Potential! šŸšØ

Traders, the signals are clear this market move is ripe for analysis. Hereā€™s why theĀ RSI DivergenceĀ has caught our attention and why you should act strategically:

šŸ“ˆĀ RSI Levels Analysis:

  • This stock is deep inĀ overbought territory, well above the critical 70 level. Historically, this signals a high likelihood of aĀ downtrend reversal.

  • The divergence between price movement and RSI levels further strengthens the bearish signal, pointing toward potential downward momentum.

šŸ“‰Ā 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 significantĀ downtrend moveĀ increases dramatically.



AVAX RSI DIVERGENCE


šŸšØĀ Market Insight: AVAX/USDTĀ šŸšØ

Analyzing the AVAX/USDT, thereā€™s clear evidence of future liquidity clustered around theĀ $40.40Ā 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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