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Shiba Inu (SHIB) is showing signs of a potential upward movement, as market analyst Alex Clay identifies a bullish Inverse Head and Shoulders pattern on the daily chart. This technical formation is often viewed as a reliable signal for trend reversals, suggesting that SHIB could be preparing for a significant breakout in the near future. […]

Key Takeaways: DOGE could enter a parabolic rally if it closes above a key resistance line. Past cycles have shown explosive gains driven by specific chart patterns. Analysts see potential but are cautious about ultra-high price targets. Dogecoin (DOGE) is sparking excitement among investors as key indicators suggest it could be on the verge of […]

As Bitcoin has surged past $82K today, seasoned analyst Peter Brandt identified a bullish pattern that could drive Bitcoin beyond $240K. Bitcoin reached a historic milestone early Monday, trading above $82,000 for the first time. This surge follows a post-election rally driven by market optimism surrounding President-elect Donald Trump’s commitment to supporting the cryptocurrency sector. […]

A crypto analyst has identified a new technical indicator in the Dogecoin price chart called the Inverse Head and Shoulders pattern,” believing it could be a strong signal for a bullish surge. Based on this technical pattern and Dogecoin’s recent market momentum, the analyst has set a new bullish target of $10 for the number […]

Originally developed as a joke, Dogecoin (DOGE) keeps surprising the market with its resilience and rally capacity. DOGE is trading at $0.3816 at the time of writing; from the neckline of its notorious inverse head and shoulders pattern, DOGE has surged 374%. Often indicating strong upward momentum, this optimistic arrangement fuels conjecture that DOGE would […]

Indian benchmark indices ended marginally positive on Wednesday, extending their four-day winning streak, driven by strong buying trends in banks and financial stocks. The S&P BSE Sensex closed at 80,956.33, up by 110 points (0.14%), while the Nifty50 closed at 24,467.45, rising by 10 points (0.04%). On Thursday, Indian indices continued their positive trend, supported […]

Key Takeaways Lululemon shares rose sharply Friday after the activewear retailer reported better-than-expected earnings and lifted its full-year outlook. The stock formed an inverse head and shoulders between May and November before breaking out above the pattern’s neckline earlier this week ahead of the company’s quarterly report. Investors should watch important overhead resistance areas on […]

Created on December 10, 2024 Bullish View Buy the EUR/USD pair and set a take-profit at 1.0670. Add a stop-loss at 1.0500. Timeline: 1-2 days. Bearish View Set a sell-stop at 1.0560 and a take-profit at 1.0500. Add a stop-loss at 1.0670. The EUR/USD exchange rate remained in a tight range ahead of the upcoming […]

Updated Dec 14, 2024 20:14 IST Nifty Prediction Next Week: Nifty50 forms a Inverse Head & Shoulders pattern on daily chart. (Image: Shutterstock/ET NOW News) Article Highlights Over the past week, Nifty50 managed to close above the previous week’s closing level. Market analyst Rupak De sees an Inverse Head & Shoulders pattern on Nifty50’s daily […]

$ETH coin This chart shows an inverse head and shoulders pattern for Ethereum (ETH) on the weekly timeframe. The pattern is a bullish reversal signal, typically indicating that the price may rise significantly after completing the formation. Here’s an explanation of the key elements: 1. Inverse Head and Shoulders Pattern • Left Shoulder: The price […]