Bearish Flag
ADA bearish flag inside falling wedge#ADA/USDT
$ADA rejected from upper line of falling wedge and shaped a bearish flag pattern in lower time frame.
🐻 break down from lower line of channel that can act as bearish flag, will drop price to lower line of wedge that is the same with support zone.
🐮 holding the lower line of channel may help bulls attempt another try to breaking the upper line of wedge.
Bearish Flag on GBP/AUD @ H4What we see here is a classic bearish flag on the 4-hour chart of the GBP/AUD currency pair (Great Britain pound vs. Australian dollar). It offers a trading setup with a bearish breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 1.71831 ). My potential stop-loss level is marked with the red line ( 1.73600 ). I will wait for the price to close significantly below the flag's lower border before opening a short trade.
ETH is bullish?ETH as usual following the KING BTC.
It has same chart patterns bearish flag with symmetrical triangle to confirm the continuation in the downtrend.
And calculating bearish flag put it into the order block which is confirmed and tested.
Also after plotting Weekly MA 50 is acting as a resistance it's about time to be hit by it
SHORT ON AUD/NZDVery nicely structured price action on this pair.
Price has broken a major support/demand zone and has formed a bearish flag pattern.
Candles have broken below the support line of the pattern and should continue falling.
Here is the play I will be taking on this trade.
P = 1.09520
SL = 1.09743 - 25 PIPS
TP = 1.08482 - 100 PIPS
First Destination of Bitcoin is $24.000Considering both the Bear Flag pattern and the Stochastic Relative Strength Index on the daily timeframe, as well as the weekly timeframe pattern, BTC's eyes are on the grave. The search for liquidity at a much lower level, in the $18-20K range, should not be overlooked. Of course, we may see an increase up to $35,000, but this possibility remains a difficult one when we consider the correlation to the US500 and US100 parities.
Bearish Flag on EURCHFBased on technical factors (Bearish Flag) there is a short position in :
📊 EURCHF
🔴 Short Now 1.0270
🧯 Stop loss 1.0360
🏹 Target 1 1.0230
🏹 Target 2 1.0132
🏹 Target 3 0.9999
💸Capital : 1%
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Bullish Divergence & EQ Up Close #BitcoinZoomed in on the Hourly timeframe we can see the EQ playing out a bit more. This EQ however is placed in a position which also indicates that it is a Bearflag.
Aside from the potentially bearish pattern forming, there is also a Bullish Divergence on the RSI below, as indicated by the arrows.
Bearish Flag on ZRXUSDTBased on technical factors there is a short position in :
📊 ZRXUSDT
🔴 Short Now 0.4202 or by Flag Breakout
🧯 Stop loss 0.6000
🏹 Target 1 0.3280
🏹 Target 2 0.2200
🏹 Target 3 0.1100
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
BTC bearish flag patternBTC is in a bearish flag pattern, this combined with the recent data of whales moving BTC to some exchanges (Whale alert) will probably drag the price to the next important support around 20k dollars per BTC. Therefore there should be a confirmation in the volume and in the movement to decide whether a short position is a good idea or it's better to wait until the price gets to 20k and start buying long positions.
SOL bearish flag and EMAs#SOL/USDT
$SOL rejected from upper line of ascending channel which is the same with 50EMA and now struggle to break down from middle line that is the same with 20EMA.
🐻 breaking down from lower line of channel can drop price to $30, to complete bearish flag pattern.
🐮 holding the 20EMA and stay inside ascending channel can increase price to resistance zone between $47 and $80 which is the same with 200EMA.
BTC bearish flag#BTC/USDT
$BTC rejected from middle line of ascending channel.
🐻 break down from lower line and descending support can drop price to $26k to complete the bearish flag pattern.
🐮 close of 4h candle above descending support and lower line of channel will increase price to resistance zone.
EURUSD-Weekly Market Analysis-May22,Wk31.0415 is an important level for both trend traders and counter-trend traders. Should that level holds, trend traders will jump in to short the market, if that level fails to hold, counter-trend trends will jump into the trade.
You can set an alert at that level and observe how the market reacts and take your action accordingly.