BTC wants the 70k 🦐BTCUSDT after the break of the bull flag is now testing the resistance at the previous ATH.
The price is moving over an ascending trendline and according to Plancton's strategy if the market will break above we can set a nice long order opportunity.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Bullflags
HBAR Bullish Price ActionHedera Hashgraph (HBAR) has been consolidating in a bull flag within a larger trend structure (parallel channel).
It is nearing the lower band of this channel and appears ready for another leg up.
The Stochastic RSI is oversold and has just crossed bullish, and the double exponential MACD is flashing a buy signal.
Given that the falg extends outside of the trend structure, I expect HBAR to break out of consolidation on its next test of the upper flag resistance.
If it repeats the same rally it did in March, we could see $1 before a significant correction occurs.
UPWK - Gaining momentumUPWK has established a strong horizontal support zone @ 39-41 (which is about 50% fibonacci retracement of the major AB swing up). It bounced off a mini double bottom here and soon began consolidating between 44.50-47.50 in the past week.
Today it started to move out of this bull flag and with RSI now rippling above 50, the chance of a sustainable upside is good.
Long with initial stop loss just below 44. Trail stops up as trade goes our way. For swing traders, suggest to scale out on the way up @ 55 and then 64.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
XRP finishes consolidation shortly. Watch out!RSI going sideway above support level. Would touch the down trend line and enter support zone (green).
The consolidation period after the correction look very nice. We can see a bull flag here.
KDJ is turning.
TL,DR: continue to watch XRP for the next few day to see the volume coming in.
We can enter long position after break 0.78
OR if the price come back to test 0.61, it will be a fantastic opportunity!!
XRP has many good news for the fundamental and once we can enter the long positions, better setting quite ambitious TP levels.
Cheers bros!
Descending Triangle for CURA?Or, possibly this pattern plays out as a bullish flag.
The KST is displaying a bearish cross where I have placed the red downward pointing finger.
Keep an eye on the DMI in the upcoming trading days, if there's a bullish cross it would be very note-worthy for the bullish narrative. Something similar to what happened where I've placed the green fingers.
The share price is nearing the end of the pattern which doesn't happen too often, this could be due to some indecision among market makers and other participants trading / investing in the stock.
VDJP Daily - Another bullish set up in the makingThere is a large confirmed bullish inverse H&S (see prior charts) - and I was buying the dips around the 26.00 level into my ISAs and SIPPs. We have seen healthy consolidation over the past month and the etf now appears to be in the process of building a bull flag. This will be confirmed with a daily close above 26.70 and has a full target of 28.00. Given the already very bullish set-up, I will continue to keep adding to my position in anticipation of a further break higher. I will be rotating some of my funds out of UKX (which today successfully reached my full target) - as I believe VDJP offers better RR levels.
FANTOM, FTM to haunt the golden ratio in her scary upward trendMACD cross and a possible bull flag breakout. I think FANTOM has the ghostly legs to float up to the next GOLDEN ratio of opportunity..... And, if you're wondering, yes, I asked Doug and he agrees. Doug, you know, my iguana. Two taps of the back leg... go long, Three chin dips... go short. Once you understand the mysteries of reptilian trading, it's easy bro.
$MIR Looking to Break Out of Bull FlagI can't imagine there are many people talking about Mirror Protocol right now, but I personally think this is one of the best looking charts out there right now. Earlier this week, we had a breakout from the giant ascending triangle that has been forming since February 20th. We have since been consolidating in a bull flag and have even retested the top of the triangle. Also, the MACD on the 4h is starting to turn around to the bullish side. I took a position in this last night but am adding here in hopes of a breakout. I am targeting the $10 range but who knows where this can run since we are in price discovery.
🔥 GRT Potential Bull-Flag BreakoutLike a lot of coins, GRT has been trading inside a descending channel for around 6 weeks now. The most recent bullish push from BTC launched GRT towards the top of the channel, breaking out slightly.
Before entering the trade, wait for confirmation that GRT has actually left the channel.
Happy trading!
🔥 FTM Bull-Flag BreakoutAfter seeing some incredible gains during February, FTM has seen a prolonged period of bearish movement in March.
Seeing most of the crypto market is recovering from a volatile March, FTM is following with a bull-flag breakout. Seeing the past bullish volatility, this breakout could very well target the current ATH around 0,88.
Happy trading!
🔥 MATIC Bull-Flag Break-OutAfter an amazing run-up, MATIC has come to a stop two weeks ago. For a long time we've seen MATIC trade in a bearish channel .
Recently, MATIC has made effort to break-out of the bearish channel , constructing a classic bull-flag pattern which might signal the next run-up.
Happy trading!
SUPER/USDT Update: Looking for new entries after target is metWe did hit our previous target so we now are looking for a new entry since Superfarm remains bullish for the next week.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
BNB/USDT Forming a bullflag and eyeing 500$Ethereum just announced another delay of layer 2 solutions.
This plays into the hands of the Binance chain and with BNB as their native token also is good news for BNB.
We are looking for a breakout of this bullflag.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
USDCHF a move to the 0.96 🦐USDCHF after our last analysis broke the bull flag and reach the 0.94 area as expected.
The market is now below a strong weekly trendline and a daily resistance.
According to Plancton's strategy if the price will break above we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDCHF bounce at the 0.382 🦐USDCHF after our last analysis bounced at the 0.382 Fibonacci level.
The market that is moving inside a bull flag is now looking up.
According to Plancton's strategy if the price will break above we can set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
🔥 ENJ Classic Bull Flag PatternAfter seeing amazing gains during the first half of March, ENJ has come to a halt recently. During this period of consolidation a bull-flag pattern has emerged. This morning, helped by Bitcoins resurgence, ENJ has broken out of the bull flag, potentially targeting a new ATH and beyond.
Happy trading!