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Bullish Flag

The Rollercoaster Ride of Pound AustraliaAs we approach the final week of August, brace yourself for potentially one of the most volatile periods this month. The market is signaling its intentions as I navigate my way through twelve pairs, making the selection process a challenge. Nonetheless, let's dive into the Pound Australia, and I'll even introduce two additional currency pairs for your benefit. 📊💹 Pound Australia reveals an intriguing story on the weekly chart. With new highs being set, the prospect of Pound Australia hitting 2.0000 as a significant milestone isn't far-fetched. The candle's accelerating gradient signifies a robust market movement. 🚀 The daily, four-hour, and one-hour charts echo this bullish trend with broken resistances and new highs. Despite this, you might wonder about the trading opportunity. In fact, immense profit potential lies in the development of these trades. For those acquainted with trading, conduct your own analysis on Pound Australia using UTC+3 as your timeframe to align with my insights. And if you seek clarification or wish to share your analysis, the QR code will connect you to our community of like-minded traders. 💬🌐 Returning to the weekly chart, let's unveil why Pound Australia holds importance this week. For those eyeing a shorting opportunity, the completion of the bearish crab pattern at 2.1276 is on the horizon. Although reaching this level, let alone 2.0997, may take some time, the potential is undeniable. Stretching my trade upward could yield significant rewards, with a projected 1,419 pips. However, it's not just about the pips – there's a compelling rationale behind this trade. 📊📉 On the daily chart, buying opportunities beckon when a market retracement occurs and retraces back to 1.9330. Patience is key in engaging these trades. The four-hour chart presents less at the moment unless a trendline retest triggers a definitive level, possibly in the weeks to come rather than the immediate future. 📈📉 Now, onto the exciting prospect – the one-hour chart. This week, a bullish flag pattern will unfold, offering immediate trading opportunities. Engaging this pattern involves meticulous strategy, be it through an aggressive setup with stops below 1.9808 (utilizing my secret formula), waiting for a breakout and subsequent retest, or a blend of both. While seemingly simple, the bullish flag pattern demands a well-thought-out approach to ensure your trade's success. 📊📈 In the realm of the 15-minute chart, where volatility rules, the Pound Australia might be considered insane to some. However, driven by the substantial potential rewards, I'm willing to navigate this territory. A red eclipse serves as a warning signal for the setup, but immediate buying opportunities at 1.9841 might emerge, especially on a Monday. Keep your eyes peeled for a magic candle confirmation at this level to secure a promising trade. This could be an incredible setup before wrapping up the year. 📈💰
Long
by RaynLim
CTRM High Tight Bull Flag in Consolidation LONGCT CTRM jumped about 20% with earnings in my idea published as that was occurring. It is now in consolidation for two days on the 30 minute chart in what appears to be a high tight bull flag pattern. These patterns are typically predictive of a bullish continuation with decent reliability. The continuation can can be as much as the height of the flag pole which is about 0.13 and so a continuation could be in the neighvborhood of 13/57 or about another 22% higher. My trading plan is I will buy when price breaks above the flag's parallel channel with a stop los below the channel. If there is a breakdown I will consider going short with a stop loss above the parallel channel. Longside my target will be 20%. If I go short, I will target a 50% retracement and so about 10%. For the time being, CTRM is on my penny-stock watchlist as a long trade.
NASDAQ:CTRM
by AwesomeAvani
Bitcoin - Explosive breakout, watch this bull flag! Bitcoin is forming a bullish flag pattern or a wedge pattern on the daily chart, and that's why we can expect an explosive breakout in the immediate short term! The question is, when is it going to be? I would say this or next week, because the price could still touch the upward yellow trendline. But the decision will be very soon! Bitcoin is bullish because the price is above the yellow trendline and above the 200-day simple moving average. They are pretty close to each other. This moving average is considered strong support / resistance by huge institutions and hedge funds. It can also be a 200-week MA or a 200-month MA. They are pretty good. The target of this bullish flag / wedge is the white trendline. Make sure you take profit here because we could crash from this point! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Usually September is a bearish month, but we still have almost a month. Bitcoin usually pumps in 1-3 straight candles when no one is expecting it. It can be really fast! XRP also reached a strong support that can send it to higher prices, specifically 1.7 USDT per coin. It's a good time to buy it! I remain bullish on BTC, but on the intraday chart, we could still have some imbalance and wicks to take liquidity before going to 32k. Let me know in the comment section what you think about BTC. I look forward to your comments! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
133
Bitcoin prediction 2028 (Fibonacci channel, must know)! This is my projection for the next 5 years. Bitcoin always rapidly grows after the halving event. But around 16 months after the halving event, Bitcoin started to crash significantly. On the chart, we can see a very important Fibonacci channel on the LOG scale. The 0.618 FIB is always a strong level, and bitcoin hit it almost to the dollar in 2022. Take a look at it! We deeply need to keep this Fibonacci channel in mind. The strongest FIB levels are 0.618 and 0.382. 0.618 + 0.382 = 1. Bitcoin loves these Fibos. Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the exponential party. 100,000 - 120,000 in 2025 is a realistic target! Bitcoin is a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants. As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"! Bear markets and crashes: 2011 - 93.75% 2014 - 86.94% 2018 - 84.22% 2022 - 77.57% 2026 - 71.67% ?
Long
by UnknownUnicorn2537518
119
Bitcoin - Falling wedge will send BTC to 32k! (act quickly) The price of Bitcoin is currently forming a bullish falling wedge pattern, and we are very close to a breakout! Trade it properly. We can see that the price broke out of the strong horizontal line (at 29500), but the bears are weak and they are not able to continue in the downtrend. What is now likely is that the bulls are going to push the price back above the line and pump bitcoin to 32K! 32k is a strong resistance because of the ascending trendline, so make sure you take profit or open a short when the time comes! On the way up to 32k, we have some minor resistances, such as the previous unfilled FVGAP and 0.618 FIB retracement. Good for intraday pullbacks, but nothing huge. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. From the Elliott Wave perspective, we clearly see an overlapping structure in the downtrend. I marked it as WXY (double three pattern). Also, the X wave looks like a triangle, which suggests that the downtrend is almost over. This is my update on BTC. I expect higher prices for the crypto market in the next few weeks! Alt season is ready, so make sure you buy some altcoins if you haven't already, as per my previous analysis. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! What do you think about Bitcoin? Let me know in the comment section; I look forward to your opinions! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
115
4hr bull pennant on xrpusdI normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much bigger and needs to be charted on a higher timeframe. For now at least this looks good. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
STMX/USDT Big Breakout Bull Flag So 12x Potential from My Entry? STMX/USDT Technical Analysis - Big Bull Flag Breakout Signals Potential 12x Gains! Greetings, Crypto Traders! Today, we'll dive into a detailed technical analysis of the STMX/USDT trading pair, which has recently witnessed a significant bullish movement. As always, remember to exercise caution and follow proper risk management strategies. Let's explore the charts and identify potential entry and exit zones for maximum profit potential! Weekly Time Frame Analysis The STMX/USDT trading pair has just experienced a substantial breakout from a Big Bull Flag pattern on the weekly time frame. This bullish continuation pattern suggests the potential for further upward movement. However, we must exercise patience and avoid chasing the current price surge. Buy Low, Sell High - Timing Matters Considering the impressive 276% price surge in just 7 days, it is crucial to refrain from FOMO (Fear Of Missing Out). The smart approach is to wait for a retest of the breakout level before entering a position. Buying during a retest provides a more favorable risk-to-reward ratio and minimizes the risk of buying at the peak. Best Accumulation Zone In my opinion, the best accumulation zone lies in the range of $0.0042 to $0.0053. Waiting for the price to reach this zone will increase the likelihood of securing an advantageous entry position. Long-Term Bullish Sentiment The breakout from the Bull Flag pattern was accompanied by a significant surge in trading volume, indicating strong buying interest. This adds to the long-term bullish sentiment for STMX/USDT. However, a proper retest is essential to validate the strength of this breakout. Price Targets and Potential Gains Upon a successful retest, the next potential target for STMX/USDT lies around $0.060. This ambitious target represents a whopping 12x gain from the entry box. While aiming high is exciting, always remember to take profits along the way and adjust your stop-loss levels to secure your gains. Critical Levels to Watch Keep a close eye on the following levels: Support: $0.0055 and $0.0042 Resistance: $0.0093, $0.025, and $0.058 These levels can offer valuable insights into market sentiment and potential price reactions. Conclusion The STMX/USDT trading pair has shown great potential with its recent Bull Flag breakout on the weekly time frame. However, exercising patience and waiting for a retest before entering a position is a prudent approach. Keep an eye on the critical support and resistance levels to gauge market dynamics. Remember, always trade responsibly, and stay informed about the latest market developments. Happy trading and best of luck in your crypto endeavors! Disclaimer: This analysis is not financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your research and consult with a professional advisor before making investment decisions. Follow us for More Quality Analysis.
SLong
by CryptoPatel
2
Analysis: AUD/JPY Bullish Flag Pattern Breakout TradeAnalysis: AUD/JPY Bullish Flag Pattern Breakout Trade Based on my analysis of a bullish flag pattern breakout in AUD/JPY, i have formulated a trade plan to capture the continuation of the bullish trend. Here is a breakdown of your trade plan: Currency Pair: AUD/JPY Entry Price: 98.827 Stop Loss (SL): 94.093 Take Profit (TP): 108.330 Bullish Flag Pattern Breakout: i have identified a bullish flag pattern, which is a continuation pattern that suggests the resumption of an upward trend. The breakout from this pattern indicates potential bullish momentum in AUD/JPY. By recognizing this pattern, i aim to enter the market in anticipation of the continuation of the upward trend. Entry Point (98.827): i have chosen entry point is at 98.827. This entry price should be determined based on technical analysis, such as the breakout level of the bullish flag pattern or other significant resistance-turned-support levels. Ensure that the entry point aligns with the breakout and provides a favorable risk-to-reward ratio. Stop Loss (94.093): To manage risk, i have set a stop loss at 94.093. The stop loss level is placed below a significant support level or a point that, if breached, would invalidate the bullish scenario. It acts as a protective measure to limit potential losses in case the trade moves against your expectations. Take Profit (108.330): i take profit level is set at 108.330. This level represents your target for closing the trade and taking profits. It should be determined based on resistance levels, Fibonacci extensions, or other technical indicators that suggest potential areas where the price might encounter selling pressure or reach a significant target. Remember to continually monitor price action and adjust your trade management as market conditions evolve. Consider factors such as economic data releases, geopolitical events, and changes in market sentiment that may impact the AUD/JPY pair. It is essential to conduct thorough analysis, implement proper risk management strategies, and adhere to your trading plan. Trading involves inherent risks, and it is crucial to stay disciplined and adapt to changing market dynamics.
Long
by Jazzy_Qmolautsi