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Bullish Flag

ARB breaking up from a bullflag that can take it above necklineArbitrum looks like it has probably founded the lowest depth of the right shoulder of it’s inverse head and shoulders here as it has now broken upward from this purple bullflag here and is now back above the 1 day 50ma(in orange). The breakout target of this flag will take price action above the neckline of the inverse head and shoulders pattern if it hit its full breakout target. We can also see that the bearish h&s that we were under the neckline of for several daily candle closes never progressed into getting validated as is often the case with bearish patterns in this phase of the bull market. I suppose there’s still a chance we could head bck under that light colored tannish neckline again but probability favor the upside at this point. *not financial advice*
COINBASE:ARBUSD
by DrDovetail
AI16Z Price Rockets 30% As Crypto Whales Invest $4 MillionThe cryptocurrency market has witnessed yet another explosive movement, this time from AI16Z, a groundbreaking AI-driven project. With a 30% price surge in the last 24 hours, AI16Z has set the stage for potential long-term bullish momentum. Crypto Whale Activity Sparks Confidence The recent surge in AI16Z’s price can be attributed to significant whale activity. Notable transactions include: - Two whale wallets, “6ZFcxR…JkZV” and “HRQXKj…bVFr,” purchased 2.62 million tokens worth $4.34 million. - Wallet “FU9b2c…fHyc” acquired 1.19 million tokens for $1.65 million. - Wallet “B6FsUN…XzDV” purchased 869K tokens for $1.09 million. - Wallet “AVLKwK…x1Mv” bought 998K tokens for $1.22 million. These high-profile purchases reflect growing confidence in AI16Z’s potential, with whales positioning themselves for future gains as the project garners attention within the crypto and AI sectors. Technical Analysis AI16Z’s price action reveals a bullish flag pattern that triggered the recent 30% surge. However, this rally has faced short-term resistance, with the price currently up 0.26% and trading at $1.71. Here’s what the charts suggest: - Support Levels: - Immediate support at $1.33, aligning with the 61.8% Fibonacci retracement level. - A potential dip to this level (an 18% correction) could create a buy opportunity for traders. - Resistance Levels: - Current resistance at $1.77, the recent high. - A breakout above this level could push the price towards new highs, potentially targeting $2.00. AI16Z’s Vision and Innovation AI16Z is more than just a token; it represents a paradigm shift in AI-driven ventures. Here’s what sets it apart: - AI Leadership: The project is led by AI agents, a pioneering move in the venture capital space. - Ecosystem Development: AI16Z aims to connect AI entrepreneurs, investors, and experts, fostering innovation in a rapidly evolving sector. - Future Plans: The introduction of a launchpad for AI-driven projects using the Eliza framework promises sustained value accrual. AI16Z is also poised to become the primary currency for agent-to-agent transactions, incentivizing developers and enhancing ecosystem utility. Market Context and Performance AI16Z’s current market dynamics highlight its growing prominence: - Market Cap: $1.8 billion, ranking #201 on CoinMarketCap. - Trading Volume: $256 million in the last 24 hours, signaling strong market activity. - All-Time High: $1.771, achieved recently. - All-Time Low: $0.002979, recorded two months ago, marking a 2,791.76% increase since then. The broader crypto market’s focus on AI-related projects has bolstered AI16Z’s appeal, with analysts attributing its rally to advancements in AI technology and strategic whale accumulation. Conclusion: What’s Next for AI16Z? AI16Z’s recent surge underscores its potential as a leader in decentralized AI innovation. While a short-term correction to $1.33 could be on the horizon, the project’s robust fundamentals and whale-backed confidence suggest sustained upward momentum in the long run. As AI technology continues to reshape industries, AI16Z is well-positioned to capitalize on this trend, making it a token to watch in 2024 and beyond. Traders and investors should keep an eye on key support and resistance levels, as well as upcoming developments in the project’s ecosystem.
Long
by DEXWireNews
HBAR In Coming Days!The price is currently in a bullish flag or possibly an ascending wedge, which could cause the price to increase and rise up to the 0.618=$0.31 line. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Bitcoin Ascending Bullflag Breakout Target 140kI am still expecting significant resistance in the 120-130k range so to see this having a full target of 140k is pretty wild to me. Perhaps we have. Correction before reaching its full breakout target, or perhaps price sends a large wick above the resistance up there to hit this target before that resistance rejects price for a significant correction. Either way I do anticipate we rise to at least 120k on this next move up. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
2
Bitcoin currently in an ascending bull flagI made a rough estimate of where the flag make breakout for where I placed the dotted measured move breakout target line. There’s a chance it could not hit the entire flag tRGET and instead only reach the breakout target of just the channel portion of the flag itself which would be a much lower target. Also always a possibility arising channel breaks to the downside though at the beginning of a parabolic phase during a bull market they usually break upwards. We will see what happens soon enough *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Doge can reach $.75 if it breaks upwards from ascending bullflagUsually an ascending channel like the one that is part of the bullflag on dogecoin’s 1 day chart beaks to the downside, except inside a parabolic phase of the bull market cycle. In the parabolic phase of a bull market cycle you can see several back to back rising wedges and ascending channels break to the upside so since we are really only 1-2 daily chart pattern breakouts into this current parabolic phase for the alt coin market, I think probability favors this ascending channel breaking upwards. If it does we also have the benefit of it being not only a channel but a bullflag as well and the target for such a breakout is around 75 cents. Furthermore if you flip to the weekly channel you would see that there is potential for the pole to be even longer than shown here on the daily timeframe, so I wouldn't be surprised if doge were able to overshoot the 75 cent target even. I noticed that the channel had valid trendlines on both the wicks and the candle bodies on both the bottom and top thats why the trendlines are doubled up, *not financial advice*
COINBASE:DOGEUSD
by DrDovetail
PEPE/USDT: READY FOR A 100% RALLY!!🚀 Hey everyone! 👋 If this analysis excites you, hit that 👍 and follow for more high-value trade setups that deliver results! 💹 🔍 Technical Overview: PEPE is primed for a major rally! Breaking out of a bull flag pattern on the 4-hour chart, it’s signaling an 80-100% upward move. The setup is strong, and the momentum looks unstoppable! 🔥 💸 Entry Range: CMP (Current Market Price) – Add more up to $0.022 🎯 Targets: 80-100% gains 📉 Stop Loss: $0.02 ⚙️ Leverage: Use low leverage (max 5x) 💬 What’s your take on PEPE’s breakout potential? Are you seeing the same bullish momentum? Drop your thoughts, analysis, and predictions in the comments below, and let’s ride this wave together for massive profits! 🌊💰
Long
by CoreCrypto1
Logarthmic bullflag has an even larger breakout targetBrace yourself and fair warning this post is gonna get slightly more esoteric than some are comfortable with as it delves into numerology, so fair warning. I found it extremely interesting from a numerological standpoint when I saw @chartguy had predicted that this current xrp correction would ultimately find support on the .888 Fibonacci retracement level and as of now it appears it has. The number 38 as well as 888( aka 3 8s) has been coming up like crazy all the time for me this entire year, but then I also noticed it more than a few times specifically in reference to ripple and xrp. For example Ripple now has 38 billion xrp remaining locked in escrow. I found an iage during XRP’s 2016 pump of Brad on CNBC or fox business ot some channel like it and enxt to them they had put a graphic up on screen along side Brad Garlinghouse that said XRP had gone up 38,000% percent. Next fast forwarding back to a little earlierthis year, the last low xrp had put in as a bottom before finally slowly climbing back up to the blast off point was 38 cents. Because I had been seeing all these connections with 38 in regards to xrp and ripple but also in many other elements in my personal life, I bought some more xrp at 38 cents feeling like it would actually mark the most recent bottom and low and behold it did. Also the all time high for xrp on a few different exchanges is $3.80. Like I said above, another way to represent 38 is with 3 8’s aka (888). So on the lion’s gate portal this year 8/8/2024, 2024 numerologically reduces to 8 as well giving us the first time in quite awhile we have had 8/8/8 date like that, I was expecting something noteworthy to occur being that it’s a time that’s known for manifestation and abundance every year but with 3 8s instead of just the usual 8/8 it should be even more so, and sure enough ti was right on this weekend that Judge Torres issued her final judgement in the RIpple vs SEC case after 4 long years of waiting patiently for it to arrive. All this being said, when I then see that XRP corrected down exactly to the .888 Fibonacci level and is holding support there, if it does continue upwards from this level, it will simply be more confirmation and confluence to me that there is something significantly special and interrelated between xrp, and the numbers 38.88,888, 11, and 1111. I won’t go into the 11 significance too much in this idea as I’d prefer to focus on the 8s instead….so I’ll leave the numerology talk there for now and focus instead of the actual TA behind this logarithmic bullflag
BITSTAMP:XRPUSD
by DrDovetail
2
BTCUSD: Bullish Flag Breakout AheadBTCUSDT technical analysis update At the bottom, Bitcoin formed a falling wedge pattern over 240 days. After breaking out, the price surged by 75%. Following this rise, BTC entered a 220-day consolidation phase, forming a rectangular continuation pattern, which led to a 133% increase after its breakout. Currently, BTC has been forming a flag pattern for the last 220 days, and in the next 10-20 days, we could see a breakout, potentially signaling another strong bullish move. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
2
Descending channel from the 1 month chart timeframeI just posted a version of this channel on the 3 month chart timeframe, however looking at the month time frame I also found some bullish confluence to confirm this potential channel. A deeper correction now that we have retested the top trendline of this potential channel would not surprise me from here. I arbitrarily put the measured move lines for when we could break up from this channel around May 2024, simply because the halvening occurs in mid to late april so it seemed like a reasonable area to expect us to finally overcome this channel. We’re we to break up from the channel in that exact spot, the measured move for the channel breakout on its own looks like it would take us to 80k. If it was more than just a channel and also a valid bull flag the measured move I get for the bul flag appears to be slightly under 100k. On the 3 month chart the bull flag was slightly over 100k but that may also be because I placed the measured move line arbitrarily earlier than may as I have done for this 1 month chart representation. Will be interesting to see how this plays out. The silver lining here is that if this channel is valid and price is about to flip back to the down trend for a few it is simply another opportunity to accumulate for the upcoming liftoff which is likely to occur post halvening. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
A close above the top red trendline would be very bullishShown here on the weekly chart is the weekly bullflag bitcoin has been consolidating in ever since correcting from the all time high we hit earlier this year.. For the first time since then, we now have part of a daily candle body above the top eligible top trendline of the flag and may very well close the current daily candle above that trendline for the first time which would be a very bullish development. It will be even more bullish if we can also manage to close a weekly candle above it as well but we still have another 6 days before anything like that can occur. For now a daily candle close above is still good progress which we have about 40 minutes left before the current daily candle closes (not shown here). If we were to break up from the red bullflag at this exact spot on the chart, there is some excellent bullish confluence here as you can see the measured move breakout target from here would be the exact same target as the much larger Purple bull flag we broke upwards from back in February. Both have a target around 99k. So this would indeed be a great spot for such a breakout to occur. We can also see the weekly 50 moving average(in orange) is holding very strong bounce support and should help to prevent the price action from recentering the flag/channel in the coming months as it climbs higher. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
XRP’s 3 hour chart 50ma climbing up through the bullflag A rare look by me at the 3 hour timeframe chart on XRPUSD. I normally don’t try to chart timeframes lower than 1 day because the chart patterns have a much lower success rate of reaching their full breakout targets. However I noticed that the 3 hour charts 50ma (in orange) has held as support since November 5th and is getting close to climbing its way up out of the bullflag here. If price continues to maintain solidified support on that 50ma, then it will validate the breakout up from this bullflag in the near future which will have a breakout target of around $2.00 . Of course being a small time frame, the 3hr 50ma could also easily flip back to resistance in which case we wouldn’t validate the breakout. For now probability favors the breakout upward slightly moreso. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail