Bullish Pennant breakout for Hive! $39 CAD price target.Hive appears to be trading in multiple bullish patterns.
Noticeably the stock is creating higher lows and higher highs forming a bullish pennant & a crude bull flag pattern.
Hive has bounced off the upward sloping support of the pattern 4-5 times, displaying strong support for the bulls.
Considering Hive is correlated to the price of Bitcoin & Ethereum we should see some volatile price action over the upcoming months heading into the US presidential elections..
Bullish cross on the KST
Also, the halving will start being priced into bitcoin as a supply shock is on the verge of occurring near term.
Bullish Flag
BTC Testing Bull Flag Resistance at $68,000Market Overview:
Bitcoin (BTC) is currently testing the upper resistance level of its bull flag formation around $68,000.
Recent price action shows a higher high compared to the previous highs from late September and August, confirming a bullish trend on higher time frames.
Key Levels to Watch:
Resistance: $68,000 (bull flag top)
Target: $70,000 (next psychological level)
Outlook:
Given the upward momentum, BTC is likely to consolidate in the $68,000 range for a few days before attempting a breakout.
A successful move above this resistance could pave the way for a test of the $70,000 level.
#BTC #Bitcoin #PriceAnalysis #BullFlag #CryptoMarket
Bitcoin Potential Bull Flag w/ $35K (91%) Gain on Valid Break!Here I have BITSTAMP:BTCUSD on the Daily Chart!
2024 has been an Exceptional Year for Bitcoin after its nearly 2 Year Monumental Recovery from the Nov. 2022 Low @ $15,512 to pushing price up past the 3 Year High of $69,000 on Nov. 10th 2021 to the now New 8 Month High @ $73,835 on Mar. 14th 2024!
Fall '21/Summer '22 - Bitcoin is in a Declining Stage
Fall '22/Summer '23 - Bitcoin is in an Accumulation Stage
Fall '23/Spring '24 - Bitcoin is in a Advancing Stage
Spring '24/Fall '24 - ( Distribution or Accumulation) ???
Fall '24/Summer '25 - ???
Currently, Bitcoin is exhibiting signs of a Potential Bull Flag with a Flagpole suggesting a potential 91.78% or $35,334.57 Gain with a Valid Bullish Break!!
We can see Bitcoin has been in a Descending Channel since the Spring of 2024 came but Price Action has made a few key movements that I'd like to point out:
- After traveling the Descending Channel from the Higher High @ $73,835.57, Price makes a False Break of the Channel that touches the Previous Level of Structures Higher High and makes a 38.2% Retracement of the Current Higher High and is immediately brought back up into the Channel.
- Price continues to stay magnetized to the 200 EMA since its entered the Channel but Price seems to be trading Above it with ease in this Consolidation Zone.
Now this current Channel or Consolidation Price has been in from this Summer '24 going into this Fall '24 can either be an Accumulation OR Distribution Stage, all based on if we get a Bullish or Bearish Break to this Channel and something tells me we are looking at a Potential Bull Flag in the Making with the potential to reach
-Bullish Bias on BITSTAMP:BTCUSD
Fundamentals:
- BITSTAMP:BTCUSD has been gaining not only Domestic but Global traction with stories like El Salvador this year making Bitcoin its Official Currency!
-Economics now accepting more transactions Crypto-wise showing honest Expansion and Integration into society
-A lot of statistics show that people believe the USD may be looking at a downfall in the coming years and Crypto, specially BITSTAMP:BTCUSD potentially being a savior! People are not only fleeing to Commodities and Bonds when devaluation peers its head, but Crypto seems to start being another sector to look towards!
REEF/USDT: LONG SCALP SETUP!!Hey everyone!
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REEF looks good here. Breaks out from the bull flag like structure and currently, retesting the flag. Long some here and add more in the dip.
Entry range:- $0.0051-$0.0053
Targets:- $0.0058/$0.0064/$0.0069/$0.0073
SL:- $0.00482
Lev:- 5x
What are your thoughts on REEF's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
Ethereum to $12,622 – It's Not a Question, It’s a Matter of TimeAlright, let me break it down for you: ETH is heading straight to $12,622 – no ifs, ands, or buts. Why? Because the charts are screaming it.
Fibonacci Extensions: The 0.618-0.65 levels are textbook targets for major price moves, and guess where they’re pointing? You guessed it: $12,622. This isn’t guesswork, it’s mathematics.
Measured Moves: Look at the last massive rally – a clean 365% move. Now, using that same playbook, we’re looking at a nearly identical run from current levels. This isn’t speculation, it’s straight facts.
Bull Flag Breakout: This bull flag is as clear as day, and once we break out, there’s nothing standing in the way of ETH ripping to $12.6K. Bull flags don’t lie, and neither do I.
Mark my words – we’re hitting $12,622. It’s not “if,” it’s when. Keep watching. 🔥
NVIDIA Corporation (NVDA) short term outlook is bullishNVDA is currently consolidating within a bullish flag pattern, as indicated on the chart. A breakout above the current consolidation zone is likely before the price can move towards the $127 resistance level. If the stock breaks out of the flag with strong volume, it would confirm a continuation of the recent bullish trend. Once the breakout occurs, the next target would be $127, where the descending triangle's resistance comes into play. However, a failure to break out of the flag pattern could lead to a pullback towards $105 support. The stock's proximity to its 50-day moving average adds significance to this area. Monitoring the breakout from the flag pattern is key for confirming the next upward move.
Bullish Flag Pattern Breakout in EICHERMOTStock Name: EICHERMOT
Timeframe: 1 Hour
The chart shows the formation of a Bullish Flag Pattern, indicating a continuation of the previous uptrend.
Key elements are:
Flag Pole: The initial strong upward move, forming the base of the bullish pattern.
Flag Resistance: The upper boundary of the flag pattern, highlighting the short-term consolidation.
Flag Support: The lower boundary of the flag, providing support during the consolidation phase.
Targets:
Initial Target: 5010+ (marked as the first breakout target)
Target 2: 5080+
Final Projected Target: 5150+
Stop Loss: Below 4850
If the price sustains above the breakout level, the bullish rally could continue, with potential to hit the projected targets. Conversely, any downside risk exists if the price falls below 4850, triggering the stop loss.
BITCOIN VS U.S. DOLLAR! BULL RUN??Hey everyone!
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Understanding the Inverse Correlation
As you correctly noted, Bitcoin (BTC) and the US Dollar Index (DXY) often exhibit an inverse relationship. When DXY weakens, BTC tends to appreciate, and vice versa.
Analyzing Recent Trends
DXY Breakdown: DXY is currently showing signs of a bearish breakdown from a symmetrical triangle on the weekly timeframe. This suggests potential further weakness in the US Dollar.
BTC Bull Flag: Bitcoin is forming a bullish flag pattern on the weekly timeframe, indicating potential upward momentum.
Potential Outlook
The combined analysis of both DXY and BTC suggests a favorable environment for Bitcoin. A breakout from the bullish flag, coupled with a weakening US Dollar, could lead to significant gains in the coming months.
What are your thoughts on BTC's and the U.S. Dollar Index's current price action? Do you see a bullish pattern in BTC? Share your analysis in the comments below!
EUR/AUD Chart Technical AnalysisThere is bullish trend also the continuation pattern of Bullish flag. There is Bearish Divergence but the Characteristic of this chart it does not respect the first divergence so I am Bullish bias in this trade. For the safe side took entry (Buy Stop) at the breakout of the pole and SL on the last HL.
POPCAT/USDT: READY FOR A 100% PUMP!!Hey everyone!
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POPCAT looks good here. It breaks out from the bull flag-like structure in a 4-hour time frame and a retest is also done. Buy some now and add more in the green box.
Entry range:- $0.51-$0.55
Target:- 80-100%
SL:- $0.47
What are your thoughts on POPCAT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
NQ Futures Daily Bullflag to $22,000After a sudden drop from ATHs and a big rebound, a daily bullflag formed into month end setting September up for a very big run.
Upside PTs are: 20150, 20300, 20450, and 22000 if a break above the previous ATH to finish out the bullflag
SL would be invalidation of the flag
US100 CASH BULLISHI am monitoring Nas100 for a buying opportunity around 19,472 ob level, once i will receive any bullish confirmation the trade will be executed
Disclaimer Alert: these are just charts to watch, keep in consideration the news, the best entry, the risk management and price action confirmation. Trade is reactive not predictive.
$140K USD for Bitcoin in 2025!!! It appears as though Bitcoin is trading in a descending channel, with a potential breakout happen in the near term.
BTC has tested the downward sloping resistance of a descending channel pattern multiple times, each time BTC is creating a lower high & a lower low, which is inherently bearish.
The williams alligator is also displaying a bullish cross & the bands are widening in an upward direction, which is a bullish indicator.
Bullish cross on the KST as well. I have placed upward arrows at each bullish cross in the recent past showing a direct correlation to upward price swings.
#BTC: QUICK UPDATE! TESTING YOUR PATIENCE!!Hey everyone!
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Bitcoin is currently trading sideways around the $58k level. The daily chart shows a potential bull flag formation, suggesting a period of consolidation before a significant move. I anticipate this sideways action to continue for another 3-4 weeks.
While we wait, accumulating promising projects like FET, ONDO, JUP, RENDER, and INJ could be a strategic move.
Key indicators to watch:
RSI divergence: A bullish divergence on the RSI could signal a potential breakout.
Volume profile: An increase in volume during consolidation can often precede a strong move.
Patience is key. A breakout from the bull flag could lead to substantial gains.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!