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SOLUSDT Bullish Flag PatternSOLUSDT Technical analysis update
SOLUSDT has been forming a bullish flag pattern over the last 230 days. The price is now moving toward the flag resistance line for a potential breakout. Once the breakout occurs, we can expect a price move of 50% to 150%. Additionally, the price is trading above the 100 and 200 EMA on the daily chart.
Buy level: After confirmation of the breakout from the flag pattern.
Altcoin Market Signaling Potential Bullish Run to $1 TrillionTotal Alt Coins Market Cap analysis update
After a significant upward movement in the market cap, consolidation within a descending channel or flag suggests a period of profit-taking and market indecision, though the overall structure remains bullish. The market is approaching the upper resistance of the flag, signaling the potential for a breakout. Once the breakout is confirmed, a bullish move can be expected. Based on historical price action and technical patterns, the next major target post-breakout could be around $1 trillion before end of 2024.
Steller lumens 700% extension in 2024On the above 10 day chart price action has corrected 90% since May 2021. Will the correction continue? Unlikely. Why?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Bull flag confirms support on past resistance. Notice the bullish engulfing candle?
4) The forecast is made from the first impulsive move. A 2nd impulsive move from the confirmation of support will see price action print to the 70 cent area.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: You decide
Timeframe for long: Before the end of month
Return: 70 cents / 700%
Bitcoin is Ready to Take Off!Bitcoin technical analysis update
Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level.
We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K.
Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000.
Regards
hexa
Invesco QQQ Trust Series | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Invesco QQQ Trust Series
- Triple Formation Uptrend | Confirmation Bias Entry
- Support=0 | Wedge Structure & Double Bottom Infliction
- 12345 |Subdivision Wave | Flage Structure
- Entry Bias Hypothesis | Flag Structure | Long Support Confirmation
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
ETHUSDT Bullish Flag Pattern!ETHUSDT Technical analysis update
ETHUSDT is trading inside a bullish flag pattern. The price could touch the flag's support line again, with the 100 EMA acting as strong support at the bottom of the flag before moving higher. A bullish move can be confirmed once the price breaks the flag pattern.
Bitcoin - Last stage of the pump! (sell here and wait 50% crash)Bitcoin is in the last stage of the bull run. Buying Bitcoin at 93,000 is not worth it for the long term because you will be able to buy it cheaper in 2025/2026 at the price around 60,000-50,000. The moon boys are back and everyone is very bullish; that is usually a sign of a cycle top. Bitcoin always moves in significant cycles and is highly volatile. New people don't know it, and their finances get completely ruined with each bearish cycle.
Let's look at the technical analysis. Always start with simple trendlines. We can draw a very nice trendline starting from wave (1) -> wave (3). These 2 points are significant swing highs. This gives us a current profit target of 107,000 USD in December 2024. Next, what we want to do is look for the Fibonacci extension levels. As per Elliott Wave analysis, we are in the last wave (5), You want to draw the fibonacci extension from the start of wave (1) to the end of wave (3) and the second point will be the end of wave (4). This also gives us a profit target of 107,000 USD! This is not random; this is pure skill.
95% of retail traders don't use the Fibonacci extension tool, and among the 5% of users, 95% of them don't know how to use the tool properly. I know how to use it properly with the Elliott Wave theory, as I have been trading crypto for almost 10 years.
Enter a short position at 94,500, first profit target 92,480, second 91,062.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
WILL JIO FINANCIAL SERVICE FLY HIGH LIKE EAGLE ???Good afternoon, It's been clear seen from weekly chart that JFS is forming Pole & Flag pattern which indicates the sign of bullishness in JFS.
Currently it is trading around 314 next target will be around 340-350 and if the stock will break the 350 level then next psychological resistance will be around 400 and if the bullish sentiment continues then very soon JFS backed by RIL will trade minimum around 500 or 500+.
SL will be around 265-270.
Note - This is not a buying recommendation it's my personal views.
WILL JIO FINANCIAL SERVICE FLY HIGH LIKE EAGLE ???Good afternoon, It's been clear seen from weekly chart that JFS is forming Pole & Flag pattern which indicates the sign of bullishness in JFS.
Currently it is trading around 314 next target will be around 340-350 and if the stock will break the 350 level then next psychological resistance will be around 400 and if the bullish sentiment continues then very soon JFS backed by RIL will trade minimum around 500 or 500+.
SL will be around 265-270.
Note - This is not a buying recommendation it's my personal views.
BTCUSD | 95K Target 1:1 Move | BullishThis will be the first big trade at the start of the exponential cycle we're about to witness for the 5th time in BTC history.
Considering the descending broadening wedge pattern, a 1:1 move into the pattern gives a price target of roughly $95k.
It can also been seen as a flag pattern which also reads a $95k impulse target as seen below:
If you want to look at more longer-term targets and analysis of CRYPTOCAP:BTC , I've attached 3 of the charts I've made which will satisfy that long term bullish outlook.
Best of luck to you all out there involved in this space and remember, manage your risk appropriately.
Death Cross and Bear Flag in Qualcomm?Qualcomm has drifted since the summer, and now the bears might be stepping in.
The first pattern on today’s chart is the sideways drift that began in August. Following declines in June and July, that series of slightly higher highs and higher lows may be viewed as a bearish flag. Recent moves below the range could also be interpreted as a breakdown.
Second is the $180.95 level where the chip stock closed before its July 31 earnings report. Prices tested and failed at that level after the last set of numbers two weeks ago. Is resistance taking shape?
Third, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late September. That may suggest QCOM’s longer-term trend is weakening.
Finally, our 2 MA Ratio custom script in lower study shows how the 8-day exponential moving average (EMA) has slipped below the 21-day EMA. That may suggest its shorter-term trend is also weakening.
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Nasdaq Listed Red Cat Holdings Inc.NASDAQ:RCAT Red Cat Holdings Inc Nasdaq Listed.
Lots of buyers have stepped in pushing the stock up I have the gaps marked looking for any possible pullback entries aligning with next month Dec options. Could keep pumping I am good for entry at 4 if it pulls back. Green arrow is upside potential Red is option expiration pullback. This stock is volatile and has been very low. This is a High Risk Stock! Don't get burned Make sure you look at a long term chart before getting in to this. Similar to NYSE:IONQ Not a Full Port Idea, but everyone needs a little lotto in their life. Have Stop Loss in Place! Gaps are marked so is volume profile. Make your own investment decisions. Not Financial Advice.
Barrick Gold Corporation to $3On the above 2 month chart price action has enjoyed a 340% rally from the $7 lows of 2016. A number of reasons now exist to take a bearish outlook.
1) Broken market structure printed in 2013. Confirmation of broken structure printed recently in March 2022 (yellow arrow).
2) Trend reversal. Lower high replaces higher high.
3) The rising flag pattern is undoubtably bearish for price action. The breakout printed on March 1st, the confirmation on May 1st. The flagpole extension measures out to 2 dollars and 50 cents.
Barrick Gold is undoubtedly recognised as one of the leading Gold miners out there with interests across the world. Gold enthusiasts are quick to point out the relationship between miners and advancing gold price action. That relationship now prints a significant bearish divergence (2 month chart below). I’ve discussed this in more detail on my website.
Is it possible Price action continues upwards? Sure.
Is it probable? No.
Ww
Gold / miner bearish divergence