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Alikze »» MKR | Bullish Flag🔍 Technical analysis: Bullish Flag - It has been moving in an ascending channel in the daily and weekly time frames. - According to the analysis presented in the previous post, there has been a modification to the bottom of the channel and the ceiling of the previous major. - There is now an ascending flag form with a pullback to the broken cap structure of the major. - Therefore, if the green box meets the demand, according to the momentum and corrective structure of wave 4, it can have targets of 5000-5600-6250 up to Fibo 1.618. To continue the path, it must be above 2500 dollars to touch the specified goals. 💎 Alternative scenario: In addition, according to the previous analysis, if the green box breaks down, the next target can be the range of $1250. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
2
Trading Log of Too Much Free Time 01Many possible ways this could have played out but I decided to go short on the retrace into the intersection of 2 trendlines following the bearish breakout from the smaller flag. Stop above the monthly carmella and previous local high, but below the upper liquidity zone. This is because the former is all it takes to invalidate the idea and there's no telling if we will bounce off that liquidity zone or blow through it. Plenty of liquidity at the bottom of the channel that hasn't been resolved yet so setting my TP there.
BITSTAMP:BTCUSDShort
by RimmerDall
BASF - An Investment pick with more than 70% ROI.The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
NSE:BASFLong
by Rugminik
5
BTCUSD Bearish Flag Pattern Bearish Flag Pattern in BTCUSD The BTCUSD chart is currently forming a bearish flag pattern, indicating a potential continuation of the downtrend. With Bitcoin's price hovering around $64,300, this pattern suggests that the market is likely to break out below the lower boundary of the flag, potentially targeting $62,000 or lower. Key Characteristics: Flagpole: A sharp decline from $66,500 to $64,500, marking the beginning of the pattern. Flag: A consolidation period that slopes upward, against the prevailing downtrend, currently bound by $64,000 and $64,500. Parallel lines: The flag is bound by two parallel lines, creating a channel-like structure. Bearish bias: The pattern has a bearish bias, indicating a potential continuation of the downtrend. Interpretation: The bearish flag pattern in BTCUSD suggests that the market is likely to continue its downtrend, potentially leading to a breakout below $64,000. This breakout is often accompanied by increased volume and momentum, confirming the continuation of the bearish trend. Trading Strategy: Sell signal: Enter a short position when the price breaks out below $64,000. Stop-loss: Set a stop-loss above $64,500. Target: Set a target based on the height of the flagpole, projected from the breakout point, potentially targeting $62,000 or lower. Risk Management: Set a stop-loss to limit potential losses if the breakout fails. Adjust position size based on market volatility and risk tolerance. Consider scaling out of the position as the target approaches to lock in profits.
BINANCE:BTCUSDShort
by Pipsview_Analysis
Verasity (VRA) to make impulsive 20000% wave in 12-16 weeks?On the above weekly chart price action has corrected 97% since late 2021. A number of reasons now exist to consider a long positions. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal confirmation. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. Price action finds support on past resistance on the as is indicated by the Gaussian Channel. The trend reversal is also captured by the Gaussian channel with the change to Green. 4) Weekly candle print on the Gaussian Channel. (Black arrows). Price action confirms a bull market as the channel flips green + confirmed candle support. Should the following weekly print a green candle.. look left. 5) The 1st impulse wave returned a massive 21900% return from January 2021 Until March 2021. Yes, you read that correctly 12 weeks only. Should this impulsive wave repeat in the same time a 200x will be collected before June/July this year. 6) Each higher low that has printed on this chart did so at the Fibonacci 0.38. Look left. Price action is currently at the 0.38. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe for long: until mid April. Return: 200%
Long
by without_worries
66
Gold Price Set to Explode! Here’s What You Need to Watch Today!Hey Traders, welcome back to my channel! 🚀 Today, we're diving deep into the latest XAUUSD analysis, and trust me, you don't want to miss this one. With gold prices poised for a significant move, understanding these key levels could make all the difference in your trading strategy. Let's get started with the 1-hour chart (shown below). 📊 Chart 1: XAUUSD 1-Hour Time Frame Analysis (July 21, 2024) Key Observations: Daily Bull Flag Formation: The chart highlights a daily bull flag pattern, which indicates a continuation pattern following a strong uptrend. On the daily TF sometimes this can take a bit longer to see due to how big this flag is on the (LTF) The price has been consolidating within this flag formation. Reversal Structure (Lower High - LH): There is a reversal structure where the price made a lower high (LH), suggesting a potential bearish reversal in the short term. Structure LTF (Lower Time Frame): The price structure on the lower time frame indicates an area where price could pull back and reject off of this area indicating the continuation of the Overall move. The second way this could play off of this area is we could get a clear impulsive move above this structure and then a rejection looking for higher moves in the Shorter Time Frame. 15-Minute Time Frame: The 15-minute time frame shows a detailed view of the consolidation and break down from the flag formation. where you could see how close we are to the LQZ shown on the 1HR 1HR Liquidity Zone (LQZ): Identified at 2,390.966, this zone may act as a significant support area and also our first Take Profit we gave last week. 4HR Liquidity Zone: Marked at 2,349.179, another major support area that aligns with the daily LQZ. If price end up breaking the 1HR LQZ impulsively then we could look for this area as Take Profit and then once we get down to this area we could potentially see a pullback. Daily LQZ: The daily liquidity zone is at 2,286.809, a crucial support level for the longer-term perspective. Potential Scenarios: Scenario 1: Bullish Continuation The price could bounce off the 1HR LQZ and continue the pullback on shorter time frame to the structure indicated as Lower Time Frame Structure. indicated by the Yellow path. Scenario 2: Bearish Continuation The price may break below the 1HR LQZ and head towards the 4HR and daily LQZs. indicated by the Green path. In this situation we would need to see a clear break below the 1HR LQZ then start to form some type of bearish pattern to show the continuation that could come. Scenario 3: Reversal to Upside After testing the support levels, the price could reverse and start a new uptrend, indicated by the orange path. We would need to see a clear break above the structure indicated by the box. This way we could see that on the Shorter Time frame of things we could get a deeper pull back. Recommendations: Watch for Reactions at Support Levels: Monitor the price action around the 1HR, 4HR, and daily LQZs for potential entry points. Set Alerts: Set alerts for breakouts above the recent highs and breakdowns below the key support levels. Manage Risk: Ensure proper risk management by setting stop-losses below support levels and taking profits at resistance levels.
OANDA:XAUUSD
by Adlercon333
DOGECOIN #DOGE Still The ALTCOIN KING And can charge to $1And Can lead the way for the rest of the #ALTS. We have had some nice action by the bulls Already on dode But like much of the altcoins have been dragged back down YET higher lows are in place and we see some symmetry in the price action in a bowling out fashion IT would not surprise me in the least if DOGE were to make a new ATH this cycle. Which doesn't sound like much of a feat ... but as any seasoned crypto speculator knows nearly ALL altcoins essentially dies and fade away. So making new highs every cycle puts DOGE in a elite club of coins.
CRYPTO:DOGEUSDLong
by BallaJi
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:JASMYUSDT broke out the bull flag on 2D timeframe Up we go📈 Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1