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Bullish Flag

6month log chart on xrpusd suggests crazy potential targetsThe bull pennant we are in shown here on the 6month time frame seems to have a symmetrical triangle for its flag. The breakout target for just the symmetrical triangle is in the $33 range. Factor in the pole of the flag and the potential target skyrockets to 1.2k. Definitely not financial advice and certainly no guarantee it will hit either target as it’s still up in the air if log chart targets reach their full target as reliably as linear chart patterns do. Even if it does hit these targets you can see the apex of the pennant in its current trendline trajectories doesn’t occur until 2026. The only way I see price remaining inside this triangle for that long is indeed if the SEC ripple case is extended through appeal and taken to the Supreme Court. Hopefully not but it isnt impossible. If this were to occur I would simply keep dollar cost average accumulating until it was to break out from the triangle which would give me more opportunity to take some profit at the first target but then also hold onto some of the asset in case it does indeed reach the full bullflag breakout somehow all the way up at 1.2k. Simply posting this hear so I can see how well price action chooses to follow this pattern over the next year or few. Once again *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
4
XRP - It's time after 5 years of waiting! Hodlers have been waiting more than 5 years for this upcoming pump that is going to happen to XRP! The best part is that you don't have to wait; simply catch the largest moon phase and profit. I expect XRP to double in price first to hit the symmetrical triangle's POC, which is around 0.81. Maybe even higher, to 0.94, where the 0.618 FIB and high liquidity zone are. After the bulls break the 1.00 level, XRP will go absolutely out of control, and there is nothing that can stop the massive, mind-blowing pump. At this moment, XRP has been moving in the falling wedge pattern, and as you can see, the price is consolidating exactly at the wedge's trendline. We are likely to see a large green dildo very soon, and you should probably set up a breakout order, such as a stop market, stop limit, or conditional order. Or you can buy right now for a higher RR. The breakout could be very quick; you could wake up in your bed and see XRP is 40% up because this is what XRP does. 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 post trade setups privately. On the chart, we can see a failed head and shoulders pattern. It looks like the bulls successfully defended the threat that would send XRP to 0.1. It's very positive, because the bulls are here and they want the price to go higher. From the Elliott Wave perspective, XRP is a little bit different than other coins. We can see 3-wave structures everywhere, and it's not an easy job to do an Elliott Wave count on this coin. I know more about XRP than anyone else. When XRP starts to pump, it's usually a beast. The problem is that it's been a little pump and dump over the past few years. But this time should be different, and the bulls should hold the price after the pump. Let me know what you think about XRP. Do you think it's time for a pump, or is it going to die? Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
63
Bitcoin - 30k next stop, then big crash! (whales plan) This is a strategic plan on how to play the upcoming price action on Bitcoin in the next few weeks. As a trader, you have to see it! As we can see, Bitcoin pumped with a strong impulse in previous days, and the 30k level currently acts like a magnet because there is no resistance on the way up other than this. You probably want to trade with the trend, so I would recommend only long positions to increase the probability of a successful trade. I've been using this strategy since the start of January, as you can see on my profile. After we hit 30k, there will be a tremendous dump, and this dump you can short. We have a lot of confluence to short bitcoin in this region; see my previous analysis in the related section down below for more info. After we hit 30k, Bitcoin will take a break, and we should see an alt-season. Of course, there will be an initial dump for the whole crypto space first. So make sure you know what to do! 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 post trade setups privately. The price has been moving in the ascending parallel channel on the log scale. This channel is very well respected, and it's very important to watch it because if it breaks, then the uptrend will be exhausted. Make sure you follow me, because I will warn you if this happens! You want to stay updated. You can see my Elliott Wave count on the chart; we are in the 5th wave of the first major impulse wave to the upside, which is a sign of a huge bull market. Bitcoin could reach 130,000 USDT in 2025 and even more. Thank you, and for more ideas, hit "Like" and "Follow"! All of the reasons to take profits or short bitcoin above 30k can be found here:
Long
by UnknownUnicorn2537518
137
While the price is held by the Short Support Level, do not openGreetings friends, in this idea I will analyze for you the situation on the Bitcoin chart. On the 1D timeframe, we see an excellent working out of the rare Adam and Eve pattern. At the moment, the price of the coin is held by the Support Level of $22788 and I would not advise you to open a short position. If you want to enter the position now, I would consider going long to the Resistance Level of 25149 $. If the price breaks through the Support Level and consolidates, then you can consider a short position.
by ViktorTrade888
6
Tron TRX is breaking out! Explosive pump is likely. As you can see, TRX is currently breaking out of the descending triangle on the daily/weekly timeframe, and an explosive pump is now likely! The take-profit is at the top of the triangle, which is 0.18 USDT. I think it's possible to go higher, but we don't want to risk anything, because we could be in wave 5 from the Elliott Wave perspective. Triangles are typically formed as a 4th corrective wave. This bull market that started in January is absolutely amazing, and I hope it will continue as long as it possibly can! We want to take as much profit as possible from this bull run. Sending USDT via the TRX network (TRC20) is very popular among crypto people. Furthermore, Tron's value held up very well during the 2022 bear market. It's definitely a positive sign. Now is the best time to buy TRX if you don't want to miss out on the upcoming pump! It will be 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 post trade setups privately. If we take a look at the previous price action from 2020 to 2021, there are no gaps that need to be filled. In other words, it's possible that we will never go back to these levels. I'm not sure how you feel about it, but I'm already long in the futures market. 171% is a good profit, so be greedy! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
Bitcoin - Prediction of the future! +20% this month. This is what I expect from BTC in the next few days / weeks. I think everyone is still very bearish, so it's time for a massive, mind-blowing pump! On the chart, you can see my prediction of the price action and how it could possibly look. Bitcoin is still pretty much consolidating in this parallel channel, and that's why we should see an explosive move very soon. If you want, you can wait for confirmation, which is a bull break of the local flag pattern. The aggressive entry was below the FOMC candle, which is where the majority of traders' stop losses are. Bitcoin is currently sitting in a very strong support zone, and it's hard to see a breakdown at this point. I don't want to short the support. Usually I want to long the support. 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 post trade setups privately. The trendline from December can be your next profit target. You cannot see the start of the trendline, but it started on December 14. Sometimes it's better to take a look at ETH, because we can see a clearer chart. The price action on ETH is much more enjoyable, and to be honest, I see a big pump soon! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
76
Bitcoin - Secret pattern, no one talks about! Bitcoin will definitely reach 30,000 - 32,000 USDT this month, but after that the bears will try to shutdown Bitcoin, because of a massive resistance on the daily chart, so keep reading! Why is the 30k-32k level so strong? We have 4 confluence points here, and different people will sell Bitcoin at the different levels, but they are very close to each other, so it can end up with a significant crash. You can see the confluence on the chart, the levels are absolutely extremely strong, and it's really hard not to see any reaction here at all. 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 post trade setups privately. We have seen a very positive reaction to the FOMC meeting on Wednesday, which is also important from a fundamental perspective. My plan is simple, I don't want to short Bitcoin until we reach my specified levels. It's better to ride the uptrend with longs than get rekt with shorts. I recommend you do the same. Look at my previous idea about "25% CRASH from this level! Be prepared." in the related section down below, very important! From the Elliott Wave perspective, we have started a whole new bull market, and I expect this bull market to end in September 2025. How much could Bitcoin reach? 160,000 USDT or 360,000 USDT? You know my price target from my previous ideas for the long term. Thank you, and for more ideas, hit "Like" and "Follow"!
INDEX:BTCUSDLong
by UnknownUnicorn2537518
97
Cardano bullish flag TGT 0.5592Hay Trader! This analysis is based on the idea of a Bullish Flag. The flag is visualized by the green support line and the red resistance line. Within these lines, the price has moved since the beginning of May 2022 and created this bullish formation. Using the Fibonacci instrument, a number of resistance levels can be expressed in the analysis. These resistance levels which are also potential support levels are located at 0.3926, 0.6903, and 0.8996 respectively. In addition, the instrument can also be used to determine where the target should be placed in relation to the price development of the formation (0.5592). With a good safety net in the form of support levels at 0.2395 and 0.3288, the price has some security. In addition, it can also be seen from the recent day's development that the price has recently experienced a high trading strength. I hope this analysis was instructive and came up with some good points that can help create a picture of Cardano's current situation and how it is going to evolve in the future.
Long
by Aksel_Rom
2
Cardano bullish flag formationHey Trader! This analysis is based on the idea of a Bullish Flag which is illustrated in this analysis. The thick bottom line that follows the market price is the support line for Cardano. On the other side of the price is the resistance line. This flag is pointing downwards which is a strong signal that the price will break out as a bullish breakout. Since late December, when the price formed the current strong support at 0.2395, the price has begun a bullish trend where it has recently shown its potential to break this flag formation. If the price is to follow Fibonachi's indication, the price has the potential to reach the target at 6.0035 I hope this analysis was instructive and can be used for thinking about how the price trend can potentially fluctuate in the future.
Long
by Aksel_Rom
W - strong price actionW had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high volume day. Since then it had pulled back a little, forming a potential bullish flag. Will the recent gap close soon? not necessarily, if it is a breakaway gap (which usually signify the start of a new trend). Can only wait and see. Meanwhile, it is worth a shot to go long as long as it starts to break above the bull flag, with initial stop loss placed just slightly below the start of the gap @ 46.70. Trail stop up once the trade goes our way. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:WLong
by Juliac
2