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Bullish Patterns

OM's Meteoric Rise: Time to Buy the Dip or Short the Top?OM has been on an astronomical journey, soaring from $0.0173 on 12 October 2023 to an all-time high of $6.485 on 7 February 2025 – a jaw-dropping +37,494% increase in just 484 days. Currently ranked 26 with a market cap of $5.5B, OM’s meteoric rise has everyone asking: Is OM topping out, or is there still more upside? Could a significant correction be on the horizon? Let’s dive into the technicals and explore our trade setups with high conviction, backed by a wealth of confluence. Market Structure & Historical Context Between mid-November 2024 and the end of January 2025, OM traded within a 70-day range, oscillating between $4.4 and $3.3. The Point of Control (POC) for this range is around $3.87, marking a critical level where price action has repeatedly converged. This trading range provides the backdrop for our analysis, highlighting both key support and potential resistance zones that may dictate OM's next move. Key Support Zones & Confluence A multitude of technical indicators converge around the $3.87 level, making it a crucial support area: 1.) Fibonacci Retracement Confluence: Taking the Fibonacci retracement from the low at $3.173 (25 January 2025) to the recent high, the 0.786 retracement level lands at $3.8818—just a hair above our POC. 2.) Channel Median Line: The median line drawn through the highs and lows of the 70-day trading range reinforces the significance of this area. 3.) Moving Averages: The weekly 21 EMA/SMA currently sits between $3.63 and $3.31, and as they trend higher, we can expect them to approach $3.9 in the coming week, offering additional support. 4.) Trend Indicator (Beta): On the 4-hour timeframe, my new upcoming Trend Indicator highlights bullish momentum edging around $3.75, further consolidating support. 5.) Fibonacci Extension: The 1.271 Fibonacci extension from the previous low at $4.4 places a key level at $3.8329, adding yet another layer of confluence. Collectively, these factors create a robust support zone, suggesting that any retracement towards this level might serve as an attractive entry point for long positions. Resistance Levels & Trade Setups Resistance Analysis OM has repeatedly faced strong resistance near the $6 mark: Rejection Patterns: The chart reveals multiple rejections around $6, with a notable Swing Failure Pattern (SFP) at $6.295 that confirmed bearish pressure. Short Trade Opportunity: Previously, the rejection at $6.295 offered a low-risk short trade: risking about 3% for a potential gain of 17% to the Fibonacci retracement level of 0.618 (approximately $5.1965), which was nearly reached. Potential Trade Setups Short Trade Setup With OM encountering strong resistance around $6 and historical rejections at key levels, a breakdown could spark further downward movement. Entry & Stop Loss: Entry: Initiate a short position if price fails to break decisively above $6. Stop Loss: Set a 5% stop loss above the previous SFP. Targets & Risk/Reward: Targets: Consider targets at $4.7 (yielding approximately +22%) or $4.0 (around +34%). Risk/Reward: This setup offers an impressive risk/reward ratio of 4:1 to 6:1. Long Trade Setup The multiple layers of support around $3.87 present an attractive opportunity for long entries should the price retrace, despite the overall bullish structure. Historically, OM has bounced off its 21 daily EMA/SMA, as marked by previous green box zones on the chart. Entry Strategy & Laddering: Entry: Look for long entries if price pulls back to the support zone. Laddered Positions: Consider scaling in with positions between $4 and $3.75. This dollar-cost averaging (DCA) approach will help optimise your entry over the pullback. Stop Loss & Target: Stop Loss (SL): Set your stop loss below $3.58 to account for volatility while protecting against a breakdown. Take Profit: Target the $4.5 level as your primary take profit. Risk/Reward: With laddered entries between $4 and $3.75, this setup provides an approximate risk/reward ratio of 2:1, though the exact ratio will depend on your specific DCA entry points. Final Thoughts Only execute shorts with clear confirmation from order flow analysis. Conversely, a pullback towards the support zone presents an appealing long opportunity for those confident in OM’s enduring momentum. As always, it’s essential to monitor price action closely and adjust your strategy as new data unfolds. Okay. Wrapping up this analysis. Wishing you all profitable and successful trades! =)
Short
by SiDec
5
bnbusdt"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
SPX/USDT: 100%+ PROFIT POTENTIAL SETUP!!🚀 Hey Traders! Ready to Ride the SPX Breakout? 👋 If you’re hyped for this setup, smash that 👍 and hit Follow for elite trade ideas that actually deliver! 💹🔥 🔥 SPX is looking strong and bullish! It’s breaking out from a falling wedge on the 4H timeframe and is currently retesting the breakout level—setting up for a potential explosive move! 🚀 📊 Trade Setup: ✅ Entry Range: CMP, add more up to $0.75 🎯 Targets: Target 1: $1.02 Target 2: $1.26 Target 3: $1.50 Target 4: $1.78 🛑 Stop Loss: $0.68 ⚡ Leverage: Spot or low leverage (Max 5x) 💬 What’s Your Take? Are you bullish on SPX’s breakout potential? Share your analysis, predictions, or strategies in the comments! Let’s lock in those gains and ride this wave together! 💰🔥
Long
by CoreCrypto1
Mirror, Mirror, on the Wall; Who’s the Fastest of Them All?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🪞 "Mirror, mirror on the chain, which L1 is fast and reigns?" 🔮 Solana: The fairest of them all! ⚡️🚀 📈After rejecting the upper bound of its channel, SOL has been in a correction phase and it is currently nearing the lower bound of the channel. Moreover, the $175 - $190 zone is a strong support and structure. 🏹 Thus, the highlighted blue arrow zone is a strong area to look for buy setups as it is the intersection of support and lower green trendline acting as a non-horizontal support. 📚 As per my trading style: As #SOL approaches the intersection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
ADTRAN (ADTN) AnalysisCompany Overview: ADTRAN NASDAQ:ADTN is a leader in broadband access, fiber optics, and 5G technologies, providing high-speed connectivity solutions for service providers. The company is positioned to benefit from expanding fiber deployments and emerging defense and government contract opportunities. Key Catalysts: Enhanced Short-Term Unit (ESTU) Module ⚙️ ADTRAN’s new ESTU timing module is a game-changer for securing high-margin contracts in defense, space, and metrology. This innovation taps into a $700 million U.S. military communication market. 5G and Fiber Expansion 📶 As telecom operators accelerate fiber and 5G deployments, ADTRAN’s OSC-52v3 timing solution targets a $1.2 billion Total Addressable Market (TAM) through 2027. Defense Contract Favorability 🛡️ Department of Defense (DoD) supply chain audits that prioritize domestic suppliers could further boost ADTRAN’s growth potential in the U.S. defense sector. Sector Tailwinds 🌬️ The ongoing expansion of broadband infrastructure, driven by federal and private investment in fiber and high-speed networks, provides long-term tailwinds for ADTRAN’s core business. Investment Outlook: Bullish Case: We remain bullish on ADTN above the $9.00-$9.50 range, supported by product innovation, expanding defense market opportunities, and strong fiber/5G sector growth. Upside Potential: Our price target is $16.00-$17.00, reflecting confidence in ADTRAN’s ability to leverage sector tailwinds and capitalize on defense and fiber deployment opportunities. 📢 ADTRAN—Advancing Connectivity with Fiber, 5G, and Defense Innovation. #Broadband #FiberOptics #ADTN
NASDAQ:ADTNLong
by Richtv_official
Quickpost:Doge Bitcoin Flagpole over 600% gainsIts a pretty simple idea. DogeBTC has found support on the 100 month Simple moving average and is currently nailing in a higher low. Not by much though. A zoom in also shows a downtrend resistance line has been broken and after a wee pull back of a couple of weeks price is resuming upward. This creates a W pattern that gives DOGEBTC the structure to get out of the 3 year falling wedge it has been in since May 2021. The MACD is crossing the signal line in a bullish manner. Not as bullish if this cross was above zero, but I will take what I can get. The chart shows the first two flagpole targets. This is a quick post so I am not looking to throw every indicator on and do 10 sub-charts. I'll just throw one in because its charming. Here is DogeUSD. We can see that the gaussian channel contains price action in a bear market and mostly price consolidates around the midline. It takas a bit of effort but eventually price creates a lot of white space between it and the GC. Both black boxes shows where the Log MACD sags a bit as price struggles at the gaussian channel before breaking out. I expect to see some very expansive moves for Doge here shortly.
Long
by This_Guhy
15
APT Update - Who else was a great painter?After the brutal 3rd Feb drop (explanation in USDT.D chart - link at the end of post), the downward wedge failed but EW count is still valid) After the brutal 3rd Feb drop (explanation in USDT.D chart - link at the end of post), the downward wedge failed but EW count is still valid I've explained in detail what I'm expecting in this year. Please refer to the previous posts for in-depth analysis and thoughts. Too tired to write anything now :) TLDR for the lazy ones: Late Feb-April, I'm expecting a massive rally. 100% loaded here personally!
Long
by SaadFiaz
1
bch buy midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
FARTCOIN INVERSE H&S ??A clear head and shoulder pattern seems to be forming around a key HTF S/R Level. It is my belief that we are currently at the "right shoulder" which is level with "left shoulder" and notably higher than the "head". Should price climb back above the KEY S/R and above the 1H 200 EMA level (purple MA) that would mark a series of higher lows from the head onwards and a clear move up to the neckline. Should price clear the neckline I could see a mirrored price move of the way down going the other way working towards the bearish orderblock. Now like with all altcoins currently, this move does rely on BTC making a similar bullish move, if bitcoin were to roll over and go sub $91,000 then FARTCOIN and others will continue the bearish trend as shown in the chart. As always these are just my thoughts and could very well be wrong, if so it's best to have a plan in place and proper risk management.
by ProR35
Can Rainbow MG3 Secure in the CME Trading Competition's Top 10? Can Rainbow MG3 Secure a Spot in the CME Trading Competition's Top 10? I've joined the CME trading competition 13 days late, but that hasn't stopped me from making an impact. After just two days of trading Bitcoin and Gold, my account is already up 6%, placing me in the top 14% out of nearly 50,000 traders. The top 10 traders in the competition—many of whom are pro traders—have already racked up over $1 million in profits, making them part of the elite top 5%. The gap between them and the rest of the field is significant. With 16 days left, my goal is to break into the top 10. I'm relying on the Rainbow MG3 indicator as my primary tool. The question is: Can Rainbow MG3 help me achieve this? 🚀 Follow my journey as I put this strategy to the test!
COMEX_MINI:MGC1!Long
by rainbow_sniper