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Bullflags

Is Hive trading in a Bullish Flag?Since my previous post on Hive linked to this chart, the share price has broken flush to the upside of an Ascending Channel, and upon back-testing old resistance there's been a double bottom where I have placed two blue finger icons, and old resistance has turned into new support forming a bullish flag upon consolidating, inherently bullish in my opinion. On the RSI there's a similar pattern to the price action. The KST has seen a bullish cross where I have placed the blue downward-sloping finger, and I've placed a question mark at an area where it's likely another bullish cross will occur near term, depending on the macro environment for Ethereum & Bitcoin. The pattern could always play out bearishly as a descending triangle, if there's a loss of support at the upward sloping channel area that has acted as the baseline support of the bullish flag then my narrative will adjust accordingly. If the bull flag pattern were to lose support, I'd expect the next area of support around the bottom part of the upward sloping channel, similar to the path I have drawn in red on the chart.
TSXV:HIVELong
by ScotianBot
5
Fake-out to the downside of a Bullish Flag for Hive?It appears as though Hive has pulled a fake-out to the downside of a bullish flag & re-tested the top of a rising channel turning it into new support. Hive is now trading back into the bull flag & on the verge of breaking out to the upside any day now considering the price of Ethereum & Bitcoin is continuing to rise and Hive's share price has been highly correlated to the price of these two assets. BTC is the dark yellow line on the chart. ETH is the dark orange line on the chart. The correlation is undeniable and on a longer-term time frame Hive's stock is outperforming both assets which is a perk for being the most profitable public miner and having exposure to both assets, more exposure to Ethereum than BTC but over time that will change as Hive is starting to get more entangled with BTC mining. On the RSI the downward sloping resistance has been broken to the upside and upon back-testing old resistance, it's acting as support for the time being. There has been a bullish cross on the KST. There's been a very nice V shape recovery after this fake-out.
TSXV:HIVELong
by ScotianBot
1
OIL bounce over the 0.382 🦐OIL after the recent highs retraced over the 0.382 Fibonacci level. The price moved inside a bull flag and created a second bottom over the support area. According to Plancton's strategy if the market 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.
TVC:USOILLong
by InkyGrip
6
RVNUSDT 4H Long setup; Bullflag after breakout of desc trendlineTA Explained RVNUSDT did a full pullback to the fib 0.728 level as can be seen in the below snapshot: After breaking the descending trenline, a bullflag is being formed, about to break out. However one more dip could be expected as well, which would give the second entry for this setup. Trade setup Best entries: 0.14991 -0.16440 TP1: 0.19931 TP2: 0.22581 TP3: 0.26428 SL: 0.12785 RR: 3.61 Max leverage: 1x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
1
PLG - Bull Flag OpportunityAs a continuation from my first post, we have such a great opportunity for a 150% gain in AMEX:PLG from where we are right now. TVC:PLATINUM has broken out of it's long-term resistance (shown here: ) and we are seeing capitulation within the precious metals sector. I don't expect us to stay here long! Don't miss out! The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
AMEX:PLGLong
by jstrasburger
4
Descending Triangle for BTC?!?!Or, potentially this pattern plays out bullishly, there's been a bullish cross on the KST, and whales like to negate patterns frequently with fake-outs in either direction before defining a shift in momentum. The RSI is forming what could be considered a bullish pennant pattern, recently there's been a series of higher lows, but on the contrary, there have been a series of lower highs for nearly a week coinciding with Bitcoin's ATH's in price. On the KST there's been a bullish cross where I have placed the blue downward-sloping finger.
COINBASE:BTCUSD
by ScotianBot
8
UPDATE! AUDCAD on a bullflag 🦐After our last analysis AUDCAD broke above the weekly resistance and currently the price is retracing inside a bull flag. According to Plancton's strategy, if the conditions will be satisfied 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.
Long
by InkyGrip
12
DOW an unstoppable bull? 🦐DOW after the yesterday's minor retracement into a bullish flag tested the support area at 31280 level before starting a new run. 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.
FOREXCOM:US30Long
by InkyGrip
14
MHH - Possible Bullish ScenarioFrom a fundamental viewpoint, Mastech Digital, Inc ( AMEX:MHH ) appears to be in great shape. In addition, when looking at a long term monthly chart, we have what appears to be a possible bullish flag scenario playing out. When we zoom in and look at the shorter term daily chart (shown), we see a clear downward trendline, acting as resistance, currently coming in at approx. ~$17.45 and falling. We also have big support coming in at an approximate range of ~$15.45 - 15.75. Should we see a break above the falling resistance line along with a daily close, I expect the bullish scenario to play out (shown in green). If it does, we will have buying entry points at both the breakout point and if we get the likely retest of the former resistance line (becoming support). Should we break below support along with a daily close, I expect the bearish scenario to play out, where we continue grinding down within the downward channel. I expect this scenario to be less likely based on the long term pattern and fundamentals of the company, however we can't be certain either way. Everything shared here is only my opinion and no results are guaranteed. Let's see how this one plays out. Good luck!
AMEX:MHH
by jstrasburger
Not all dumps come to harmMy portfolio is bleeding very badly, however the trades with BTC pairs can actually benefit from this crash. As you can see EMA 200 is below the chart (it's the same at 4h and at 1h the candles go up and down). For the moment we can assume that the trend is still bullish even because RSI is over 50%. I'm sharing the daily chart because it's easy to see the chart's zig-zag inside the bull flag, even if the bouce upwards happened a little bit below the support I had drawn it happened and right now it seems there's an uptrend. Now, if BTC moves slowly this could help this trade, especially its price doesn't rise much. I'm positive on this.
Long
by Shotokhan
2
NNDM in a bull flag and could bounce from this double bottom NNDM on 4H: RECENT NEWS: NNDM Closes $500 Million Registered Direct Offering. NNDM intends to use the net proceeds for strategic opportunities such as acquiring new technologies to better their machines. TECHINCAL OBSERVATIONS: Currently NNDM is in a bull flag. NNDM tested resistance on 2/10 and pulled back. NNDM has the opportunity to bounce up from this support and double bottom. This could be a good swing play, I'm liking the potential risk to reward ratio. Don't sleep on this one. SUPPORT AND RESISTANCE Support: $13.30 | $13 | $11.50 Resistance: $17 | $17.80 | $18.95
NASDAQ:NNDMLong
by nataliegarces
2