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Bullish Flag

Doge three bullish patterns!Dogecoin is trading in three possible bullish patterns on the daily chart, with the first being a cup-and handle, the second a bull flag pattern and lastly a triple inside bar pattern. Because all three bullish chart patterns align, the move higher could be explosive if the patterns are recognized. Dogecoin’s cup-and-handle pattern has the cup formed between Jan. 15 and Feb. 7, with the handle of the pattern being created in the days that have followed. The measured move, if the pattern is recognized, is 38%, which indicates Dogecoin could reach the 20-cent level on a break from the pattern. The crypto is also trading in a bull flag pattern, with the pole created between Feb. 3 and Feb. 7 and the flag formed over the days that have followed. If that pattern is recognized, the measured move is 28%, which indicates the crypto could hit the 19-cent level. Dogecoin has also formed into a triple inside bar pattern, with the mother bar printed on Monday and the inside bars on Tuesday and Wednesday. The pattern leans bullish because the crypto was trading higher before forming it. Traders can watch for a break of the pattern later on Wednesday or on Thursday to gauge future direction. The consolidation has helped to cool Dogecoin’s RSI down slightly from the 60% level. This will allow the crypto to run higher if the bulls come in and take control without Dogecoin becoming overbought. Dogecoin is trading above the eight-day and 21-day exponential moving averages (EMAs) and on Feb. 7 the eight-day EMA crossed above the 21-day, which is bullish. On Wednesday, the crypto regained the 50-day simple moving average as support, which indicates longer-term sentiment has flipped bullish. Dogecoin has resistance above at $0.16 and $0.176 and support below at $0.146 and $0.135.
COINBASE:DOGEUSD
by AxiomEx
1
EUR / USD 1.14315 - 0.35 % SHOR IDEA * STRUCTURE & PRICE ACTION HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE EURO / DOLLAR PAIR. * The pair has been range bound in consolidation in the form of a descending channel / bull flag finally broke above of the structure. - Currently entered an UP Trend as the pair saw a new recent high on the 4h chart . - Looking for LONG entries on the PAIR short term this week should all the rules of the formation be met. At the supply zone should we fail to break above looking for swing SHORT. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
2
Bitcoin Technical Analysis - UpdateAfter BTC tested the resistance area near 45500, time has come to start price correction and retesting the support areas already created (45500, 43800, and 42500). As I specified, Bitcoin created a bearish Head and Shoulders pattern which was indicating price will move down shortly after testing 455500 resistance area. As we can notice, BTC price first went down to reach the end of the line for the right shoulder and the price exactly reached that line around 42080. It then started to retest 44K as a local resistance, after which price correction continued until it eventually reach near the strong support line around 45500. Due to high demand and expected buying pressure near that support line, the price of BTC started to bounce back and move upward. The price did some zig zag movements between 43K and 42500. After midnight and before closing the daily candle, the bulls came in and pushed the price near 44K again, the bulls could successfully get the daily candle close price at 44080 which is a positive sign. As I plotted, BTC now created a bullish flag pattern and furthermore created a bullish three white soldiers candlestick pattern which indicates price recovery after the retest. Now we expect the price to move something like the blue line pattern we created.
by jaffcoins
1
BTC BULL FLAG RETEST ON 2 HOURLY!I am in long position since 33k because of the rising channel on the weekly, however i am in small short position on my another account because of all bearish divergences that we are making on the smaller timeframes. My entery point was at 42.5k but i didt saw the Bull flag break out.Now i am out of that position with small lost and i am entering long position if we managge to close at least 1 hourly above 43.1k whitch will be the weekly resistance. RSI looks bearish but we know that in a strong uptend BTC don't gives a f*ck about divergances. What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
Long
by Mladen94
Still speculative Mobthly bull flag has 126k targetOk so at this moment this thing is still speculative even though it is indeed a valid bullflag in its current form…,if it doesn’t break up out of the bull flag on the next retest of the top trendline then odds are pretty good the flag will then start to grow too long get nullified as a flag. It would still be valid as a rising channel though. Anyways, let’s say we do break upward from the flag the next tIme we retest it’s top trendline. I arbitrarily placed the dotted measured move line where I think the next top trendline retest will be at, and at least from that area btc would have a breakout target of 126k. At the moment, this is a valid Chart pattern. The good news is we will know by next top trend line retestif it is or is not a bullflag. For now its valid but also “speculative”. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
2
AUDNZD on a bull flag? 🦐AUDNZD on the 4h chart is trading below a weekly resistance. The price is consolidating in a bull flag and according to Plancton's strategy IF the market will break above and satisfy the academy condition we will set a nice long order. --–– 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.
Long
by InkyGrip
19
VET/BTC Still 300% Potential from here so read full IDEA#VET/BTC Chart Old Update:- #VET did 20% after our post. Now again around entry zone. 3D chart forming Bull flag. I am expecting Bug move after this Down side move. Strong Support = 150 Satoshi So this is also best buy zone. First Target will be 231 Satoshi. What after 231 Satoshi..? When break upward 231 resistance and Big time frame candle close above 230-240 Satoshi Then we can See Massive upward move. Expected Target is 500 Satoshi if break 230-240 resistance level. Stop Loss:- If any Big time frame Candle close below 250 Satoshi Keep an eye on 700 Satoshi level also. Support:- 150 Satoshi Resistance:- 231 Satoshi
Long
by CryptoPatel
4