Flag
This pattern could potentially yield a significant increase🐺 Hello Dear KIUCOIN community, welcome to another idea : 🐺
This idea may be brief🤔, but it offers significant potential benefits . Please take a close look at the following chart : 👇
As depicted in the chart, ICP$ appears to be forming a bullish pattern, potentially resembling a bull flag or an AB=CD pattern ; Based on my analysis of the pattern, I believe there's a strong potential for a significant price increase, possibly reaching the 0.618 Fibonacci level , also known as the🔥 golden ratio 🔥
🐺 Consider entering a long position once the price decisively breaks above the resistance line 🐺
I hope you enjoy this idea KIUCOIN community ; Also always remember :
🐺 Discipline is rarely enjoyable, But almost always profitable 🐺
Don't forgot to follow us on X 👇🔥
10:1 Risk-to-Reward Setup - Bull Flag Breakout with Multi-TimeThis trade setup shows a confluence of multiple factors, aligning with a high-probability approach. Here's the breakdown:
Bull Flag Breakout:
The trade initiates after identifying a bull flag, which is a common continuation pattern following an impulsive upward move. This flag signals consolidation before a further upward push. The breakout from the bull flag gives a strong entry point.
Entry Criteria:
The entry was placed at 2560.404, slightly above the breakout area, ensuring momentum confirmation.
A Stop-Loss (SL) of 30 pips was positioned below the structure, protecting the trade while allowing enough room for price fluctuations. This is crucial to avoid tight stops that may trigger prematurely.
Key Support/Resistance Levels:
5M Lower Time Frame (LTF) S/R: This level acts as a lower frame confirmation zone, ensuring support below the bull flag breakout.
15M Support/Resistance (S/R): The larger structure aligns with the 5-minute support, adding strength to the trade by recognizing that price is supported by multiple timeframes.
Target (TP) and Higher Time Frame (HTF) Confluence:
300 Pips TP is based on the HTF Trendline, offering a solid risk-to-reward ratio of 10:1. This suggests the trade is aligned with a broader market trend, increasing the probability of success.
Zone of Liquidity (LQZ):
5M LQZ represents a liquidity grab, further confirming that the market might push upwards after grabbing liquidity near support.
Key Confluences:
Multi-Timeframe Analysis: Price action supports the move on both lower and higher timeframes.
Risk Management: A well-defined stop-loss ensures minimal risk with a substantial reward target.
Pattern Identification: The bull flag within the trend adds reliability, as flags in impulsive moves offer strong continuation signals.
This trade follows the "Rule of Three," where at least three confirmations (bull flag, multiple timeframe support, and risk/reward alignment) give the highest probability of success.
Bitcoin Analysis==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again.
According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) .
In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern .
We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 .
I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) .
Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least).
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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$AKTUSD massive bull flagThematic Investment Narrative:
COINBASE:HNTUSD , easily the most successful DePIN Network to date, has been leading the altcoin market as a performant outlier-- with subscription count steadily increasing for their SEED_DONKEYDAN_MARKET_CAP:MOBILE network, this is a project that is generating legitimate business flows from real-world customers, and that makes it a standout alt to hold-- few protocols can make a (substantiated) claim like that.
With that context, it's not as surprising that HNT has been leading the way over the past few weeks as markets have been experiencing sideways volatility at large. Investors love altcoins because it is basically decentralized VC-- and while mom and pops can get exposure to these VC-esc exponential returns-- they are also sometimes not prepared for that same potential downside involved in such illiquid markets. The DePIN companies/projects/protocols with more 'meat on the bone' (i.e. paying customers), will be the ones that are safer to hold through this potentially brutal market VOL.
So AKT: With equally solid growth and adoption/user statistics, AKT may be primed to become the second-in-class DePIN 'Blue chip'.
Leases & USD spend are up, Compute, Memory, and Storage are also trending up and to the right. I feel that investors seeking outsized returns from #DePIN 's next macro leg up might look down the risk curve from HNT and see AKT as another gem in the rough
Technical Analysis:
- Massive Bull Flag Pattern identified
- Daily Candle 1D RSI Breakout test is imminent (bottom chart purple arrow)-- perfectly aligning with the September 18th FED Rate cut decision**
If we do get a surprise 50 bps cut, it might present an excellent 'last stop before moon' buy-opportunity for higher risk assets, ultimately the economic stimulus will come back steeper than it did in 2021.... hang on
**25 BPS Likely, 50 BPS will probably be bearish honestly
NFA DYOR
EURAUD: Classic Bullish PatternAfter a breakout of a resistance line of a bullish flag pattern on a 4-hour chart, EURAUD is now undergoing a retest.
There is a strong alignment between a horizontal support level and an upward trend line, indicating a potential bullish movement in the near future.
It is likely that the pair will continue to rise, with a target set at 1.6581.
EURAUD: Intraday Bullish Confirmation?! 🇪🇺 🇦🇺
Update for EURAUD.
Earlier, we spotted a confirmed Change of Character on a daily
and a violation of a significant resistance.
Today, we see a retest of a broken structure.
The price formed a bullish flag pattern on a 4H time frame
and broke its resistance line.
We can expect growth now.
Next goal - 1.662
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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.
All About the Flag Pattern (Beginner-Friendly)Hello everyone,
Today, I’ve prepared an educational guide on chart patterns, specifically focusing on the Flag Pattern.
This content is designed to be easy for beginners to follow, so I hope you find it engaging and informative. :)
Below is the outline I’ll be using for this post:
————
✔️ Outline
1. What is a Flag Pattern?
Definition
Key Components
Characteristics
2. Bullish Flag Pattern
Basic Characteristics
Examples
3. Bearish Flag Pattern
Basic Characteristics
Examples
————
1. What is a Flag Pattern?
1) Definition
A Flag Pattern forms during a brief consolidation phase after a strong price movement, often signaling the continuation of a trend. It typically appears when prices make a sharp move, either up or down, followed by a period of sideways or slightly counter-trend movement.
Flag Patterns can occur in both uptrends and downtrends, named for their resemblance to an actual flag. After a strong price move, the market consolidates briefly before continuing in the original trend direction.
2) Key Components
Flagpole: The initial strong price movement that sets the overall trend direction before the consolidation phase.
Flag: The consolidation period where prices move sideways or slightly counter to the trend, often forming a rectangle or parallelogram. This phase typically occurs with a decrease in trading volume.
Breakout: The moment when the price resumes its original trend direction. In an uptrend, this is an upward breakout, and in a downtrend, a downward breakout, confirming the continuation of the trend.
3) Characteristics
Duration: The Flag Pattern typically lasts longer than the Flagpole but varies depending on the timeframe.
Volume: Volume usually decreases during the Flag’s formation and increases once the breakout occurs.
Reliability: The Flag Pattern is considered a reliable indicator of trend continuation, making it a favorite among traders using trend-based strategies.
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2. Bullish Flag Pattern
1) Basic Characteristics
A Bullish Flag forms after a strong upward price movement, signaling a temporary consolidation phase. During this consolidation, volume typically decreases, suggesting that the market is pausing rather than reversing. After this phase, the price often continues its upward trend, accompanied by an increase in volume. Bullish Flag Patterns also help relieve overbought conditions in technical indicators, providing the market with a chance to prepare for another move up.
2-1) Example 1
This chart from May 2023 shows a strong Flagpole followed by a long consolidation phase (Flag). The volume then increased as the price broke out, completing the Bullish Flag Pattern.
2-2) Example 2
In this chart from March 2021, we see a similar setup: a strong Flagpole, followed by a consolidation phase, leading to a breakout that continued the upward trend.
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3. Bearish Flag Pattern
1) Basic Characteristics
The Bearish Flag Pattern is the inverse of the Bullish Flag. It follows a strong downward move (Flagpole) and is followed by a period of consolidation (Flag) with decreasing volume. Like its bullish counterpart, the Bearish Flag can relieve oversold conditions, leading to a continuation of the downtrend after a breakout.
2-1) Example 1
This chart from May 2022 displays a Bearish Flag Pattern: a strong downward Flagpole, followed by a Flag consolidation phase. After the consolidation, a breakout occurred, continuing the downtrend.
2-2) Example 2
This chart from February 2022 also illustrates a strong downward Flagpole, followed by a consolidation phase (Flag), leading to a breakout that completed the Bearish Flag Pattern.
This guide will help you better understand the Flag Pattern and how it can be used in your trading strategy effectively!
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✔️ Conclusion
I hope the various Flag Patterns and market analysis techniques covered in this post prove helpful in your investment journey. Chart analysis is not merely a technical skill but also a deeper understanding of market psychology and movement. Flag Patterns, along with other chart patterns, visually reflect the psychological dynamics of the market. Mastering their use can greatly contribute to successful trading.
That being said, the crypto market is inherently unpredictable and fast-moving. While technical analysis is a valuable tool, it’s important to adopt a comprehensive approach that considers broader market trends and external factors. I encourage you to apply the insights gained from this post with a balanced and cautious perspective when making investment decisions.
New opportunities are constantly emerging, and those who are prepared to seize them will find success. The chart represents the market’s voice. Listening to it, interpreting it, and making informed decisions based on that interpretation is "the essence" of chart analysis.
I sincerely hope that, through continuous learning and experience, you’ll evolve into a more confident and successful investor.
POPCAT/USDT: READY FOR A 100% PUMP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
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!
Bull Flag Pattern. Bitcoin is respecting the channel and it may drag on it for some more time until we see any action to the upside. To summarise we still on a bull market (despite the recent lack of action) and the potential to top should be around the 105K figure (if we measure the pool of the bull flag that is forming on the renko chart here on the image. However we could before that drop as low as 38K and in between reaching that top or hitting that low we may well still stay leveled as we are for some time. The chances of hitting 38k are less likely to happen first before we hit a new all time high however it's still a prospect in the horizon.
NZDUSD Strategy 1 Trade Plan There was a Bullish trend, forming the bearish harmonic pattern also have bearish divergence.
Now, trend changed printed the LL, there is continuation pattern of bearish flag.
We take entry (Sell Stop) at the breakdown of the pole i.e. 0.61570 and keep our Stop loss above the LH once it will get mature near 0.61954 according to Fib Retracement of 38%.
Bitcoin Approaching Critical Support: Prepare for a Big MoveBitcoin is entering a decisive phase this September, with a Descending Broadening Wedge pattern forming on both the weekly and daily charts. This pattern typically signals potential volatility, and we are now approaching the descending support trendline, which also aligns with the wick from the sharp price dump on August 5th. This region, around 48K, is likely to be tested in the coming days as the market seeks to sweep liquidity.
Key Support Zones to Watch:
Crucial Support Zone 1: The first line of defense. If Bitcoin holds here, we could start seeing signs of bullish momentum returning.
Crucial Support Zone 2: A deeper level of support. Breaking below this zone could lead to a more extended bearish trend.
In the event that these levels are broken and confirmation bearish candles start forming, we could see Bitcoin testing 42K, 40K, and even 36K in the weeks ahead. However, if Bitcoin holds these zones and begins to print higher highs (HH) and higher lows (HL), it would be an early sign that the downtrend might be over.
Also an important element in this setup is the 100-day EMA, which aligns perfectly with Crucial Support Zone 2. This adds a layer of confidence that the price may find strong support here. The confluence of the 100-day EMA with this key support level suggests that a touch of this zone could trigger the next major move, potentially kickstarting a rally.
Strategy for Traders:
Swing Traders/Spot Traders: Pay close attention to the support zones, as these levels could present excellent buying opportunities. A bounce from these areas might indicate the start of a new rally, so it’s time to prepare and fill your bags.
Scalpers: Be mindful of the resistance zones. The price may spike slightly before retesting lower levels, providing potential shorting opportunities. Watch closely for a "soft" or "hard" landing around 50K-48K.
Caution: Bull Trap Alert
If Bitcoin encounters a pump in the near term, be cautious about falling into a bull trap. All signs currently point to a retest of the 50K and 48K zones as highly probable, so don’t get caught up in premature optimism.
Dollar Index (DXY): Time to Grow?!
Dollar Index has a nice potential to keep growing next week.
The market nicely respected a daily horizontal structure support,
bounced and violated a resistance line of a falling parallel channel on an hourly time frame.
The market may reach at least 101.44 level.
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