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Bullishpattern

MOMO LongI don't usually post trade setups that include eliott waves, however this one is really captivating. MOMO completed a 5 wave Impulse from its low before recently completing an ABC correction where the second wave completed at a perfect bearish bat, and then the wave hit its measured move below the key support level. The correction waves bottomed out at a key level from history that coincides with the 0.618 fib retracement level from the low to high of the Impulse phase. This potentially signals a wave 2 completion of a larger 5 Wave Impulse up One of the strongest setups we look for is a spring backtest, where an asset falls below a key level, before springing back above that key level and backtesting it as support. In this case we are yet to backtest it as support. However, we have sprung and are showing lots of bullish divergence, so within the community we have started to layer in from this level. First target at a key resistance already gives us a 38% return against a potential 8% loss.
NASDAQ:MOMOLong
by SynergyTradingSetups
🚀⤴️⤴️GOLD FULLBACK 2100)⏫️hello trader’s what do you think about gold) gold fullbacks support levels 2047) Gold if breakoutdown and this weekend looks better news CPI trader’s 2047) support levels and gold mowing fullback 2100)resistance levels)my position 2047) lounges 2100) key levels 2080 key levels 2090 key levels 2100 Gold finished the year at $2,063 an ounce, climbing more than 13% in 2023 for its first annual gain in three years, and logging a new record high within the year mostly supported by expectations that the major central banks will start cutting interest rates early next year. After implementing an aggressive rate-hiking cycle that started in early 2022, the US Federal Reserve is now expected to begin easing as soon as next March amid signs that inflation in the US is cooling. Moreover, heightened geopolitical tensions in the Middle East and the prospect of a prolonged war in Gaza spurred safe-haven demand for gold.
FOREXCOM:XAUUSDLong
by SMC-Trading-Point
ETHEREUM NAME SERVICE HEAD AND SHOULDERS PATTERN - 14.6$ TARGET!Upon analyzing the Ethereum Name Service (ENS) vs USDT, we've discovered an amazing Head and Shoulders Pattern in the Macro Overview that would take us arround 14$ , and can be extended towards 16$ . These targets do also match the Fibbonaci 1.618 retracement from the highs on July to the lows of October. This pattern is breaking at the moment and Backtesting the resistance as as support of 9.5$. This is looking insane for a short term explosion!!! Don't miss it out.
COINBASE:ENSUSDLong
by xReve
3 Vs 3 but waitI sold all my bitcoins last week, anticipating this moment. What we are witnessing here is a consolidation point. There are three structures that could drive the price down to 28K and three structures, including a well-formed bull flag, that could take us to 47K. The intriguing aspect here is the presence of a symmetrical triangle that could cancel all the bearish structures, once again pushing up the price. catalyst events: Delayed bitcoin ETFs Released Bitcoin ETFs
COINBASE:BTCUSD
by AllAboutMoney
4
DESO - DESOUSDT - Bullish ConsolidationGreetings, If you have been following us, you know that our calls on DeSo have been successful from the very first one we made before it had started to move higher. We expect this coin to do really well in the weeks and months to come with a long term price target between $1200 to $1600 per coin which gives us a 30x to 40x growth from current price levels. Since the last move up, DeSo has been consolidating and has created bullish wedge pattern. the pattern converges on Jan 3 therefore it will either break up or down before then. The next move up may take us close to $60 mark, Even though this is a bullish signal and we expect to reach out long term target over the next year, high market volatility expected due to BTC ETF may cause a lot of turbulence. Due to which relatively smaller coins like DeSo may see significant downside. For that our short term target for a down move is around $18 to $20 which would be a huge accumulation opportunity for this hidden gem. All investors should manage their own risk. From our end, we will provide our analysis as frequently as we can. Please SUBSCRIBE to stay up to date! Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
DLong
by figuring_out_the_dream
CVNA is Ready to Rally NYSE:CVNA Carvana Co. found a bottom at the all time low of 3.57 on Dec 7, 2022 after a significant decline from all time highs above 375 in August of 2021. The boom was largely driven by economic factors, there was a booming Used Car market with ultra-low interest rates and a desire to stay indoors with the pandemic that pushed people to use the new type of car-buying delivery service. The following bust was also largely economic: a waning Used Car market, rising interest rates and a subsequent bunch of bad earnings for CVNA. Now CVNA has steadied revenue, consistent Green Earnings Beats and made consistent higher lows from the bottom and shown strong supports at 7, 25, and 38. While up nearly 15x from the low a year ago, there is a lot of room to run even at current prices. Strong growth potential and the acquisition of brick/mortar car dispensers will allow for more robust revenue beneath the continued growth in deliveries as interest rates level out and the Used Car market resurfaces. Expect this major bounce momentum off the All Time Low to continue to at least a 38% retracement and previous resistance levels of 145 at a minimum target. With time and consistent momentum, as we've seen over previous years on this asset, prices will likely go back up to common retracement levels .500, .618, .786 and even beyond to new highs. While it could continue, this asset is very volatile, be sure to take profits at target levels.
NYSE:CVNALong
by shmYng