LDO is ready to return LDO is ready to be long, be sure to check it yourself.@KING_1CRYPTO
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Flag
multiple testing of single point we can clearly see that we are testing one single point for the multiple times , along with that
Pole and flag is also seen in the charts
make decision accordingly.
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Potential Bear Flag in EnphaseEnphase Energy has drifted sideways for almost a year, and some traders may think a long-term downtrend is resuming.
The first pattern on today’s chart is the drop after prices stalled at the December high near $140. That false breakout is a potentially bearish signal.
ENPH proceeded to slide below $100. It next bounced and retraced about half the decline, which may confirm its direction has turned lower.
Third, a series of lower highs since early July may be viewed as a bearish flag. The solar stock closed below the line on Friday. Has a breakdown begun?
Finally, several simple moving averages (SMAs) are more or less on top of each other. That compression, which results from the long period of sideways movement, could potentially give way to another period of volatility.
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Alikze »»GRT | Bearish Flag Pattern🔍 Technical analysis: Bearish Flag Pattern
According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself.
- Therefore, this rising wave can be labeled as wave one.
💎 According to the structure and behavior of the three-wave correction, an ascending log equal to 61.8 fibo of the previous wave has been returned.
💎 In addition, this return wave was in a channel and formed a descending flag. Therefore, the bearish flag pattern can also correct as much as the bar.
- This descending log can return at least 100% of the previous wave, which will be the range of 0.1446.
- If it continues and breaks it, it can extend to the floor of the channel and shopping area.
💎 Resistance zone: limit 0.39 and fibo 61.8 channel ceiling
💎 Alternate scenario: If the 0.618 Fibo area breaks to the upside, the bearish scenario will be invalidated and should be re-examined and updated.
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Bitcoin Dumping: Just A Little More!In my last BTC analysis I talked about the post-ETF sell-off that BTC saw, and which would likely trigger after the Ethereum ETF.
We're now a few days after the fact and crypto is selling off hard, especially the alts.
In my opinion, it's likely that BTC will keep on going down. We might see a short-term reversal in the near future due to being extremely oversold, but in the end I assume we will still revisit the green area as mentioned in this analysis:
The green area is an ideal entry for the bulls. Ideally, it's paired with a daily oversold RSI.
At the moment, my market outlook is neutral. Will switch bullish when we will break through the top yellow resistance and bearish if we fall through the bottom purple support.
Interested to read your BTC outlook in the comments.
BlackRock BLK on the NYSE is ready to riseThere is a flag pattern after the sharp rise and breakout and using the measured rule for target BLK is ready to rise
Dominos Pizza is ready to RiseThe stock and broke out of the declining wedge and completed the throwback to rise up strong into a flag pattern with increasing momentum as is expected to continue strong into the rising trend.
AWAY has formed a descending FlagA descending flag that forms around under 15 days are good setups and the sharp price increase before hand seems to be at a 45 degree angle so there is good chance of upside.
BTC1! Weekly Futures - Patterns & TimeRange defined reversal and weekly expansion so far on bar #20 of the handle / bull flag consolidation. Long above short below or use lower time frame to reduce risk range. “May” see break out or down on bar #21(fib time). TV targets appear to use a 1 to 1 moves so I have included the cup and handle 61% bullish breakout measurement. The two cup rim swing highs are divergent which can at times show bias. Sentiment 1.37/1 Buyers to sellers.
Best wishes and Happy Trading!
All Eyes on Critical Support for Bitcoin!All eyes must now be watching BITSTAMP:BTCUSD 's flag support shown in the primary chart above. Since BTC's all-time high at $73,794, BTC has had a steady, yet volatile, pattern of consolidation that has fit within a downward sloping flag channel, often called a bull flag. Yet a bull flag isn't a bull flag anymore if the lower channel breaks down decisively. So that's why all eyes are on this support now.
Interestingly, the yellow line in the primary chart above is a Fibonacci .618 retracement at $51,985. This .618 retracement coincides to some extent with flag support today. If the .618 retracement cannot provide support along with the descending channel's return line, then one can expect lower prices to retest, at a minimum, the major swing low on January 23, 2024.
With an escalation in geopolitical conflict, prices can be more volatile than normal. This can mean that support / resistance boundaries are broken more easily. And false rallies and dips can be more fierce and seductive. So be careful out there!
Even if relief rallies ensue, price may continue to struggle into next year. But don't rely on anyone's predictions—including mine! Try to stay objective, unbiased, and continue to watch what price is telling you—without trying to force your assumptions into the price action. In other words, what price is doing a week from now, a month from now, a year from now, will give you more information than virtually any trader or technical analyst can tell you.
Lastly, here are some longer-term levels that can be watched in the event price breaks down further from this flag / channel.
Is Ethereum about to correct to 700 dollars?There is growing evidence for it. On the above 10-day log growth chart price action has been riding the ‘mean’ log growth line for a little over 1 year now. Throughout this whole time price action trades within an ascending channel, a bear flag. Within this bearish channel a smaller bear flag is printing.
A measured move on the smaller bear-flag confirmation would see a 40% correction in price action.
A measured move on the larger bear-flag confirmation would see a 60% correction in price action, <700 dollars. This is a fascinating level for two reasons:
1) It would be a correction to the golden ratio as was with the 2019 correction.
2) It would be a correction to the lower log growth curve, which is expected before the next bull run FOR Ethereum.
Lastly there is the Ethereum/Bitcoin chart. Two significant events:
1) The GRM (Golden Ratio Multiplier) has now failed as support (green line), a bull market requires support.
2) Price action has exited a large bear-flag.
Is it possible price action keeps rising? Sure. A convincing break of 2300-2400 would void this outlook.
Is it probable price action keeps rising? No.
For the bulls, price action must break above 2300-2400 and hold it for a 2-3 weeks.
For the bears, a correction to 1750 and under is a green light.
It is not all bad news. Would you like to Time-warp back to January 2016 and buy Ethereum for $2? It is possible and no one is talking about it. Will say elsewhere.
Ww
Weekly ETH/BTC pair.
2-week ETH/BTC large bear flag confirmation
BTC is ready to rise after forming a flagThe price of BTC has rallied significantly and has formed a downward sloping flag. We set the target using the measured rule and set our stop at the low of the flag. The risk to reward is above three and we go long BTC.
ETHUSDT: A Golden Opportunity?Hey everyone!
Appreciate a like and follow if you find this analysis helpful!
Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH.
This setup presents a compelling risk-reward opportunity for ETH buying.
Entry range: $2750-$2900
Targets: $3800, $5700, $7300, $10,000
Stop-loss: 2-day close below $2500
What are your thoughts on ETH's current price action? Share your analysis in the comments!
Long EURUSDPrice took external range liquidity and went for internal range liquidity. Rejected off the bullish FVG. Now it will seek external range liquidity.
Bitcoin Is Likely To Bounce And Continue UpwardBitcoin is back on our trusty multi-year support from 2019. I expect a bounce off of this either tomorrow or Thursday. This will likely propel us upward to test the underside of our channel. Once we break that to the upside, our target will approach quickly.
STMX/USDT: POTENTIAL BULL FLAG! 50% PROFIT POTENTIAL SETUP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
STMX looks good here for a long. It is forming a bull flag-like structure. It breaks out from this bull flag and currently, retesting it. Long some here
Targets:- $0.0094/$0.0108$0.0129
SL:- $0.008
Lev:- Use low leverage (2x-4x)
Gold Price Explosion? Key Patterns Indicating Major Moves Ahead!Technical Breakdown of XAUUSD
Overview
The chart presents the price action of Gold Spot (XAUUSD). Key technical patterns and significant support/resistance levels are highlighted to provide insights into potential price movements.
Key Patterns and Levels
Descending Channel:
The price previously moved within a descending channel, marked by lower highs (LH) and lower lows (LL), indicating a downtrend.
The breakout from the descending channel suggests a potential shift in momentum from bearish to bullish.
Support/Resistance Levels:
HTF (Higher Time Frame) Support/Resistance: A crucial level providing a foundation for significant price movements, shown with blue lines.
LTF (Lower Time Frame) Support/Resistance: A lower time frame level within the channel, highlighting short-term price actions.
1HR Double Top: A resistance level around 2458.3 where the price is currently facing a decision point.
Bullish Patterns:
3 Touch Flag: A bullish flag pattern with three touches indicating potential continuation if the price breaks above the resistance.
Daily Bull Flag: A larger time frame bull flag pattern suggests a bullish continuation if the price breaks above the upper boundary.
Liquidity Zones:
Weekly LQZ: A liquidity zone around 2484, which acts as a significant resistance level.
Daily LQZ: A zone around 2348.8 providing a major support level.
Current Market Conditions:
The price is currently testing the 1HR double top resistance. A rejection at this level could indicate a potential short position, while a clear break above could confirm a long position.
Trading Strategy:
Wait for Confirmation: Traders should wait for a clear rejection or break above the 1HR double top to determine the direction of their positions.
Monitor Key Levels: Keep an eye on the support/resistance levels and liquidity zones to gauge potential price movements and market sentiment.
Conclusion:
Gold is at a critical juncture with significant patterns indicating possible major moves ahead. Traders should closely monitor the 1HR double top and key support/resistance levels to make informed trading decisions.
Gold Price Explosion? Key Patterns Indicating Major Moves Ahead!Technical Breakdown of XAUUSD
Overview
The chart presents the price action of Gold Spot (XAUUSD). Key technical patterns and significant support/resistance levels are highlighted to provide insights into potential price movements.
Key Patterns and Levels
Descending Channel:
The price previously moved within a descending channel, marked by lower highs (LH) and lower lows (LL), indicating a downtrend.
The breakout from the descending channel suggests a potential shift in momentum from bearish to bullish.
Support/Resistance Levels:
HTF (Higher Time Frame) Support/Resistance: A crucial level providing a foundation for significant price movements, shown with blue lines.
LTF (Lower Time Frame) Support/Resistance: A lower time frame level within the channel, highlighting short-term price actions.
1HR Double Top: A resistance level around 2458.3 where the price is currently facing a decision point.
Bullish Patterns:
3 Touch Flag: A bullish flag pattern with three touches indicating potential continuation if the price breaks above the resistance.
Daily Bull Flag: A larger time frame bull flag pattern suggests a bullish continuation if the price breaks above the upper boundary.
Liquidity Zones:
Weekly LQZ: A liquidity zone around 2484, which acts as a significant resistance level.
Daily LQZ: A zone around 2348.8 providing a major support level.
Current Market Conditions:
The price is currently testing the 1HR double top resistance. A rejection at this level could indicate a potential short position, while a clear break above could confirm a long position.
Trading Strategy:
Wait for Confirmation: Traders should wait for a clear rejection or break above the 1HR double top to determine the direction of their positions.
Monitor Key Levels: Keep an eye on the support/resistance levels and liquidity zones to gauge potential price movements and market sentiment.
Conclusion:
Gold is at a critical juncture with significant patterns indicating possible major moves ahead. Traders should closely monitor the 1HR double top and key support/resistance levels to make informed trading decisions.
Alikze »» ROSE | Bullish Flag🔍 Technical analysis: Ascending channel & Bullish Flag
-The 4H frame time is moving in an uptrend channel.
- Currently, given that the channel ceiling is facing sales pressure.
- In a density in the middle of the channel, a upward flag is formed.
- In the event of a green box area, it can touch the specified targets.
🛑 Resistors: 0.134 - 0.146 - 0158
💎Alternative scenario: If the green box cuts the channel floor and can be modified to the range of 0.09766.
🟩 Support: 0.10986 - 0.11597
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Is pushingBullish flag inside an inverse HS. Continuation pattern. I like it. Look close, there is a subtle double bottom forming inside the flag.
BTC_[Weekly]_Chart Patterns (C&H, Flag, ABCD)BTC Weekly Analysis:
Price is moving beautifully in chart patterns.
Cup and Handle formation is evident, Breakout of Handle will take the price high.
Bullish Flag Pattern
ABCD Pattern
Target Price for long-term are specified.
Watch Hourly, Daily and Monthly Charts for details.
JP225USD (JAPAN 225): Classic Trend-Following PatternI have observed a bearish pattern on the 4-hour chart of JAPAN 225. The price has created an expanding bearish wedge pattern.
If the support of the wedge is broken, it could indicate a strong continuation of the bearish trend. We may see a move down to 36,800
ASX NST Breakout retestASX NST Breakout retest. This also coincides with Wave E low and formation of a new impulse wave 1
