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Bullflags

INMD: CUP AND HANDLE PLAYNice cup and handle on INMD . (I'm not looking at fundamentals here, just technicals.) What's a cup and handle? A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. (Definition by Investopedia) After confirming the cup n handle pattern and breaking the top of the handle, the price is now retesting the breakout point and forming a bull flag . Bull flag formations are found in stocks with strong uptrends and are considered good continuation patterns. It is therefore a great level to buy with good risk vs reward. Traders will want to buy the break of the flag with a stop loss below the breakout point. Whatever the height of the cup is, add that height to the breakout point of the handle and you have your profit target (at around 109) . Note that 100 could act as a psychological level/resistance. Trade safe.
NASDAQ:INMDLong
by Elpidaldo
2
Shiba Possible Breakout (updated) Still BullishShib is still holding above my strong support line. Based on the amount of burning, and the news about it getting listed on Robinhood soon, I don't see it likely for us to fall under 0.0000413. Still have a bit of consolidation to come in the next couple of days before we break above this descending wedge pattern. Don't trade based off my ideas, this is for educational purposes only and you should trade responsibly. Leave a like If you like my charts and would like to see more.
COINBASE:SHIBUSDLong
by T10aseetommy
XRP/USDT - 1W - Potential bull flags and channel breakouts Hoping XRP will push up hard with/after BTC. Mid-Nov to mid-Dec could be crazy - the top even? Binance Weekly XRP/USDT chart. Blue curves showing overall long term trend. Yellow channel (flag) and pole's measured move, both meet top of rising red wedge trend. Yellow channel's measured move also hits the 0.5 fib extension from the last impulsive move up. Yellow pole's measured move could tap the 0.618 fib extension area. White bull flag pole's measured move, also looking like it wants to tap the 0.618 fib extension area. Should price break up out of rising red wedge, measured moved hits a long term dotted pink trend line. It could even tap the 0.786 fib extension. Price breaking below rising red wedge = bad times and/or DCA opportunity. Let's see.
Long
by dimuthj
ARPA/USDT TRADE SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow. ARPA looks good here. Already, broke out from the bull flag pattern and currently retesting it. I'm buying some here and add more in the dips. Entry range:- $0.158-$0.165 Target1:- $0.174 Target2:- $0.182 Target3:- $0.188 Target4:- $0.194 SL:- $0.146 Leverage:- 3x-5x If you like this idea then do appreciate it with like and follow. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank You!
Long
by CoreCrypto1
FTM broke out of two bullish flags!Technically speaking and in personally speaking, I think it's to late to join the part unless you find some lower time frame entry and scalp, but if we do get a retracement then two possible lines of support could be at 2.3358 and the further one out would be 1.6583. 1st TP has already been hit. 2nd TP at around 2.0279. I don't usually support and resistance because I prefer to use supply and demand zones but in this case I don't see a clear zone on the daily and if you go further down the time frames, you will find a bunch of zones and go figure which one will stick. So what I'm planning to do if something else doesn't avert my attention, is wait for price to retrace, look for a new bullish pattern or a zone and trade off of that but of course none of this should be taken as financial advice. Cheers Fantom crew ;)
FLong
by solomonroskin