Here we have a bullish flag formationHere we have a bullish flag formation on a weekly chart, it seems also XAUUSD closed above the last weekly resistance line, which confirms bullishness of the asset. I would long for it. Bu keep in mind that anything could change in world so do not hesitate to use your stop...
Flag
Zászló alakzat D1 - Flag PatternMeglátjuk mit hoz az szeptember-október. Fundamentálisan lassan vége a nyaralásoknak, várhatóan megnő az érdeklődés iskolakezdés után.
Rövidtávon csatornában való mozgás 67500 és 51200 között abszolút reális forgatókönyv.
Vásárlás + felhalmozáshoz (hosszútávra) 51000 szinten jó beszálló lehetőséget látok!
Idei évre várom decemberig a 100 000 - 120 000 árfolyam szintet!
Reális lehet ennek a ciklusnak az ATH értékét megrajzolni a következő három hónapban.
Fetch.ai — Risk Of A Huge Drop (Again)!FET has experienced massive bearish pressure since it dropped below its consolidation area in June.
As a result, the token has dropped 60% in two months.
Based on the current chart pattern, the downturn isn't over yet. Contrary, we could see another vast drop soon.
FET currently trades in a bear flag. A break out to the bottom would likely send us to 0.50 levels.
A close below the lower trendline on a higher timeframe should give us a good chance to short, given that the broader market continues in its sideways move.
I will definitely watch this level closely!
#BTC: QUICK UPDATE! TESTING YOUR PATIENCE!!Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin is currently trading sideways around the $58k level. The daily chart shows a potential bull flag formation, suggesting a period of consolidation before a significant move. I anticipate this sideways action to continue for another 3-4 weeks.
While we wait, accumulating promising projects like FET, ONDO, JUP, RENDER, and INJ could be a strategic move.
Key indicators to watch:
RSI divergence: A bullish divergence on the RSI could signal a potential breakout.
Volume profile: An increase in volume during consolidation can often precede a strong move.
Patience is key. A breakout from the bull flag could lead to substantial gains.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
$NSE:BALKRISIND Bullish flag pattern on a weekly chartThe flag pattern is a powerful trend continuation pattern. It represents a brief consolidation after a strong price movement.
In this example of NSE:BALKRISIND ,
The stock rallied by 44%/~1000 in 8 weekly bars - 56 days
Currently, the price has broken out of the channel and is in the same direction as the initial trend of the chart.
It corrected 9% /~302 before breaking out.
Disc - invested, for educational purposes only.
Gold Trade Report UpdateDate: August 15, 2024
Instrument: Gold (XAU/USD)
Timeframe: 30-Minute Chart
Trade Type: Short Position at 2459.301 pending order will be great
1. Market Overview:
Recent Performance: Gold has shown volatility recently, with a prior attempt at a bullish move that did not sustain.
Current Sentiment: The overall sentiment remains cautious, with traders awaiting a clearer direction. There is a potential for a short-term upward push before a reversal to sell.
2. Trade Setup:
Expected Scenario: Anticipating a short-term bullish push, likely to retest a resistance level before reversing into a short opportunity.
Resistance Level: Watching for resistance around , which could be a prior swing high, Fibonacci level, or trendline.
Confirmation Signals:
Flag Structure forming
Channel or Trendline Break below support after the push up.
Bearish reversal candlestick pattern (e.g., engulfing, pin bar).
Divergence on momentum indicators (e.g., RSI, MACD).
MovieBloc (MBL) Flag breakout confirmationThe best returns in the final phase of the bull market shall be afforded to those who enter long positions right now, when emotions are raw. Not when the euphoria comes, anyone can make gains in a raging bull market. Long positions taken now when emotions are raw and traders discombobulated shall make the strongest returns. There are many examples of such opportunities in the market right now.
On the above 10 day chart price action has corrected around 40% since late March. A number of reasons now exist to make this an attractive long position. They include:
1) RSI resistance breakout.
2) Hidden bullish divergence. Do you see it? Black arrows. You can wait years to see such a clean example. They occur as price action prints higher lows at the same time as oscillators print lower lows.
3) Price action breakout on flag. The flagpole extension forecasts a move to 10 cents. That is a 3000% upside move.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe for long: Now
Return: At least 2000%
Gold Trade ReportDate: August 15, 2024
Instrument: Gold (XAU/USD)
Timeframe: 30-Minute Chart
Trade Type: Short Position
1. Market Overview:
Recent Performance: Gold has shown volatility recently, with a prior attempt at a bullish move that did not sustain.
Current Sentiment: The overall sentiment remains cautious, with traders awaiting a clearer direction. There is a potential for a short-term upward push before a reversal to sell.
2. Trade Setup:
Expected Scenario: Anticipating a short-term bullish push, likely to retest a resistance level before reversing into a short opportunity.
Resistance Level: Watching for resistance around , which could be a prior swing high, Fibonacci level, or trendline.
Confirmation Signals:
Trendline Break below support after the push up.
Bearish reversal candlestick pattern (e.g., engulfing, pin bar).
Divergence on momentum indicators (e.g., RSI, MACD).
PEPE to $1 ??No don’t be stupid. However have lost count the times this question is asked.
But price action is about to make a strong upward move. Why?
1) Price action and RSI resistance breakouts.
2) Strong positive divergence between oscillators and price action.
3) Flag breakout with confirmed backtest with 100% forecast.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: now
Return: 100%
GBPNZD: Your Trading Plan Explained 🇬🇧🇳🇿
GBPNZD is retesting a recently broken major rising trend line on a daily.
To sell the market with a confirmation, watch a bearish flag pattern
on a 4H time frame.
Bearish breakout of its support line and a 4H candle close below that
will give us a strong signal to sell.
A bearish continuation will be expected at least to 2.106 level then.
❤️Please, support my work with like, thank you!❤️
SILVER (XAGUSD): Important Bullish BreakoutSILVER's price broke through a key resistance level on the 4-hour chart, then retested it, forming a bullish flag pattern.
The pattern's structure suggested strong buying pressure, leading to a breakout above the flag's resistance line. This indicates a likely continuation of the bullish trend, with a target price of 28.31
Bull Run BitcoinWe can see that the price of bitcoin is lateralizing in the form of a 5-month bearish flag to liquidate Stop Loss. We may be on the verge of a bullish explosion in the price of bitcoin in the coming weeks as it has bounced off the weekly 50 EMA and the weekly, daily and 4-hour Squeeze Momentum is in red which tells us that it is possibly already at its peak. last bearish movements in the market, and then rise.