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FLAG

ETHUSDT - I Hope this Flag Pattern FailsScenario 1 (High probability): As you can see in the chart, BINANCE:ETHUSDT has formed a nice Flag pattern and heading towards the next support. If ETH follows this flag support then we are looking at ETHs Next support around 2k I hope this flag pattern fails and ETH shows some bullish momentum. However sometimes correction are best to get more accumulation and bounce back higher. As we are currently in the pre-halving correction, 2000 for ETH is an expected correction. If you are high risk trader then you can enter a short position Entry Price : 23000 Stoploss: 2400 Target 1: 2250 Target 2: 2175 Target 2: 2100 Note: Enter only if you are willing to take risk. Second Scenario: If the Flag pattern fails, then we. can expect ETH To break the resistance around $2400 and consolidate around that area. Like and follow us for more updates. Cheers GreenCrypto
Short
by GreenCryptoTrades
$NET near pivotCloudflare develops software for firewall, routing, traffic optimization, load balancing, and other network services IS ranked #1 in its industry by IDB and has a IBD relative strength rating of 94. research.investors.com NYSE:NET is looking very good, it just gapped up after a flag patter and is on its way to new highs A close above $87.75 would be my signal to buy with a target sell at $110 I'd use the gap zone as support zone to place my stop just below it, is good risk-reward.
NYSE:NETLong
by dpuleo19
NZDUSD → Another retest of support could yield a breakout OANDA:NZDUSD is testing strong support at 0.6086, but the market is not forming a logical bounce or reversal. The price continues to test the support, which reminds us of the "Flag" pattern, the essence of which is the continuation of the movement. On the daily timeframe I marked the key level 0.61038. A false breakout is formed and there is no logical reaction relative to the level (no growth after a false breakout). Buying power is weakening on the back of the rising dollar. Strong bears are forming a pre-breakdown consolidation relative to the 0.6100 level. The dollar index is strengthening as regulators are further delaying a possible rate cut, which could technically strengthen the index, and that would negatively impact the forex . The moving averages, reversal pattern, retest and pre-breakout consolidation of 0.6100 - 0.6086 suggests a possible breakout of support and a decline in price towards 0.61000. Resistance levels: 0.6134, 0.6208 Support levels: 0.6100, 0.6084 I expect that on the background of pre-breakdown consolidation another support retest will be formed, which may break this line and the market will start to form a bearish impulse. Regards R. Linda!
Short
by RLinda
10
🔥 Bitcoin Break Out! 2024 Starts Off AMAZING 🚀Over the last couple of weeks I've been posting a lot of analyses on Bitcoin's bull-flag pattern. My expectation was always that the price would break out through the top resistance, with a target of 48k. As of this morning, BTC has rallied hard on bullish ETF news. The break out is strong with a lot of volume, so 48,000$ seems imminent at this point. Why 48k you ask? Well, it's the strongest resistance area before the all-time high. If the bears will fail to defend 48k, chances are were going straight to new all-time highs. For now I'm bullish untill 48k, neutral at 48k, and bullish again if we manage to break through 48k. To all patient bulls: congratulations. The trend is your friend. But be wary, the bears might be lurking at 48k.
COINBASE:BTCUSDLong
by FieryTrading
15
GBPUSD → Favorable environment for further growth FX:GBPUSD is forging a correction within the local range after a retest of trend resistance. Most likely, a "flag" pattern is forming, which implies further trend continuation. On D1 we see that the price is overcoming the downside resistance and consolidating above the key support at 1.26525. The next year may start with the strengthening of the pound sterling on the back of favorable fundamental environment regarding the TVC:DXY , which intends to decline. From a TA perspective, the currency pair may form two scenarios: Breakout of the flag resistance, price consolidation above 1.2715 and growth towards the target. Continuation of correction to support, further rebound and growth to the target Support levels: 1.2615, 1.2506 Resistance levels: 1.2715, 1.2784 The global trend will continue but after a small technical correction. Regards R. Linda!
Long
by RLinda
19
🚧EGLDUSDT will Go Up Again🚧 Road Map(DAILY)🗺️!!! ➡️EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen! 🤑 Stay Awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
2
ETH → Conglomerate of bullish patterns. Waiting for growth ↑Ethereum COINBASE:ETHUSD is forming a conglomeration of bullish patterns amid a strong uptrend that continues to show chic preconditions for further growth. On W1, the price forms a retest of the resistance of the uptrend range. The price successfully fixes above the strongest support zone 2041 and in fact the bulls define for themselves the lower boundary of the range, beyond which they have no right to let the price go. The area of 2300 is important for us in the medium term. This level shields us from a new range with the width of 55% of the price movement. I've seen two scenarios on the 4H timeframe. But first we should pay attention to such nuances as: bullish trend (strong), ascending triangle, the breakout of which continues to influence the price formation, as well as the bullish pattern "flag", which can be interpreted as: correction on the bullish trend before the continuation of growth. Support levels: 2190, 2131, 1980 Resistance levels: ascending resistance line and 2030 On the background of the retest, a false support breakdown is formed and the market forms a pin-bar candlestick - a strong signal for further growth. In addition, the conglomerate of bullish patterns " ascending triangle " and " flag " also forms the expected bullish potential. In the near future we expect the realization of one of the above scenarios with further growth. Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
3