Bullish Flag
EURAUD a bull flag on the 0.618 🦐EURAUD on the 4h chart is creating a bull flag, with the price that perfectly tested with the lower spike the 0.618 Fibonacci level over a daily support.
The price has bounced over the structure and is now trading below the upper trendline and a resistance area.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break the area i will look for a nice long order according to the Plancton's strategy rules.
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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
IGL Long. Target 490-494.Fundamentally, this scrip is very strong and very good long term investment. Macro scenarios are in favour as energy will be in high demand in future. The October gas price review came as positive for city distribution companies, market was expecting 100% hike in LNG, but got 40%, which is good for IGL, MGL, GUJGAS.
Technically, on daily chart it made Tombstone Pattern, highly volatile signal. Expect fast movement next week. On a weekly chart it has made flag pattern and RSI has also cooled down. Expect a very big move next week on the upside. It wouldn't be a surprise if scrip achieves 25% up move in a week.
Disclaimer: This is for knowledge sharing. Consult your financial advisor before investing.
Note: RBI governor commentary is highly positive for Indian market, and in global turmoil, ENERGY and UTILITIES going to shine. This is one of the favourite pick for high returns.
Bull Flag on ATOM Until Proven OtherwiseFor me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down there so as a bit of an Aggressive Continuation Trade I'll be risking a bit here to try to realize a 60%-80% Gain based off what looks to be a Bull Flag in a Local Uptrend showing some Hidden Bullish Divergence.
STPT | +4000% Brutal Gains! Sleeping Giant
STPT (Standard Tokenization Protocol) is a sleeping Giant, but when wakes up it will be huge, you can be pretty sure about that!
We have been moving sideways for more than 3 years now on the weekly chart, and if we break this head and shoulders pattern, it will be tremendous!
4000% profit is a lot and I don't want to miss this altcoin, unfortunately, we can go sideways for another 1 year. So if you buy now, you can sit on the coin for a long time before it explodes.
Yes, you can buy now and tomorrow it will be +1000%, it's really possible.
Keep in mind that this is STPTBTC chart, not STPTUSDT chart. If you buy this coin, then your USDT value can go down, 50% drop is possible. You can buy this coin, if BTC hits 13k in the immediate short term.
For a confirmation trade, buy a breakout above the Head And Shoulders pattern if you don't want to wait and want to catch the momentum. But there is a chance of another rejection at the neckline, which can lead to 50% decline almost immediately.
Also, there is a local trendline that you can clearly see on the chart and if the bulls can break this trendline, then there is definitely a potential.
I think this coin is a great choice and even if you buy for only 5% - 10% of your funds, it can be a smart bet.
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Episode577 NZDJPY - Resistance Level 82.16 is an important level of NZDJPY on the daily chart; that's the support level of the Bullish Flag setup.
While some traders are non-believer of the Flag Pattern, 82.88 provide a good level for the trend traders to head in for a shorting opportunity in advance of the move.
✨Golem GLM - On fire! +2000% | Bullish flag + Huge breakout!
Golem is on fire! You really want to buy Golem right now because the bullish flag is breaking out and an ascending triangle on the GLMBTC pair also!
How can you not love the name of the coin? But you definitely will with the massive profits!
As per my Elliott Wave analysis, we are prepared for the third impulse wave to the upside. The third wave is usually the strongest, so you don't want to miss it.
The ABC correction has been completed, and we are forming a bullish flag pattern that is currently breaking out. You often find ZigZags corrections in bullish flags.
1:1 FIB extension is the next profit target (wave 3).
Look at my idea about the GLMBTC pair in the related section down below.
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Ripple XRP - Bull trap! Don't fall for this pump, important!
This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart.
There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this correction might already be complete.
The Bears have a fantastic opportunity to enter a short position at the top of the parallel channel + the POC of the previous symmetrical triangle. It is a common thing to re-test the symmetrical triangle at the apex point.
The trend is still very bearish on the higher timeframes, so this is just a temporary uptrend, which I would never long, because the trend is your friend. I don't know, maybe it is.
XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market.
We have strong support at 0.1 USDT, where we can also take stop losses below this swing low before continuing higher.
As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward.
But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale.
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High probability of seeing higher pricesI've entered long lately. Reasons:
Technically the trendchannel/flag has been broken to the upside. Trendcontinuation is very likely.
According to seasonality (10 years or longer) the price will peak in mid Octoboer/November (depends on the time period).
As problems in the supply chain, inflation etc. doesn't get solved quickly it increases only the price increase.
DOGE - Brutal sleeping giant! Huge falling wedge
The doges are still sleeping and we need more time to start a new uptrend, much more time than I expected previously due to fundamental changes in global economy.
I belieave we will have a very nice rally after we finish this falling wedge on the daily / weekly timeframe! But for now, the bears are still powerful.
The falling wedge is really beautiful, I like it! Unfortunately we have only 2 touches on the downward trendline and that's not enough in my opinion.
According to my Elliott Wave analysis, we need to complete this impulse wave with another impulse to the downside because this structure is incomplete and I don't really see it as an ABC correction.
We don't know where the fifth wave is going to end, I think we can touch the downward trendline 2x more times with a divergence on the daily chart.
I think DOGE is a great altcoin and definitely will have a place on the ladder of coinmarketcap, because it's a very popular coin and people like it. Elon Musk is also a fan.
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LMT: Firing all the way up?Lockheed Martin Corporation
Shortterm - We look to Buy at 423.15 (stop at 403.98)
Price action looks to be forming a bullish flag/pennant. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to buy into dips close to the 423.00 level. The bias is to break to the upside.
Our profit targets will be 479.96 and 500.00
Resistance: 445.00 / 480.00 / 550.00
Support: 408.00 / 370..00 / 260.00
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$COMP $COMPBTC #COMPBTC #COMPUSDT Bull Flag in Progress Here?I'm eyeing both the BTC & USDT pairing of COMP (Compound), which, although a little different, seem to be telling a similar story. COMPBTC in particular has my attention because the price has finally made it's way over the 200 MA on the day chart, which is huge. All the MA's are curling up nicely under the price, and it's making me think we've got just a few more days of consolidation (within a bull flag) before making a move up, possibly coming back and touching it, and then moving up higher.
I think the USDT pairing will likely take off when the BTC pairing does, and probably spend the next few days consolidating as well, as the 100 day MA is crossing nicely upward with some other smaller time frame MA's on that chart.
My target is appx 240, which represent some major price levels that can be seen on the month charts.
Dollar index DXY - Everything collapses because of this!
Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases.
The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart, 2025 seems like a reasonable year for a trend reversal of this ticker.
Keep in mind that this is the monthly chart for DXY and the price is printing a massive parallel channel on the linear scale and also on the log scale as well.
As per my Elliott Wave analysis, we are currently in the strongest third wave and I expect to touch the upper trendline of the parallel channel before we can experience a corrective fourth wave. After that, the 5th wave will come into play, and we can definitely throw over the parallel channel and find resistance at the previous swing high from 2001.
The DXY is a great indicator for traders and everyone should keep an eye on it. Interest rates are going up, and this is a negative indicator for the stock market.
Look at my ideas about Gold and Bitcoin in the related section down below.
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USDCHF in a Bull Flag formation.USDCHF - Intraday - We look to Buy a break of 0.9635 (stop at 0.9609)
Price action is forming a bullish flag which has a bias to break to the upside.
Short term momentum is bullish.
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 0.9696 and 0.9706
Resistance: 0.9630 / 0.9650 / 0.9670
Support: 0.9600 / 0.9580 / 0.9560