Since the massive sell off a couple of weeks ago, ALGO has been trading inside a bullish upward channel. With BTC falling over the last 24 hours, ALGO has broken through the channel support, making this a bear flag pattern.
Current target would be the low between 0.7 and 0.75.
Bearish flag pattern with 15000 target !!! after three drives harmonic pattern, ( not confirmed yet )
🙋 Please let me know what you think.
🚀 If you would like to be kept updated, please follow us.
🚀 If you like the analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
🚩 Note - These are my personal notes and in no way a financial...
The overall trend for Harmony is still down but we are getting close to the top of the descending channel. I see a trend starting to form within the white box in the chart, the 50% level for that forming trend is at ($0.109) if we can break this and start to hold this level that's a solid start for harmony to regain the strength it once had. Also seems to be a...
- my idea on BTCUSD :
- BTCUSD seems to be at very popular at this price (very high volume) ~ $35700 price
- Very scary bearish flags seem to be very similar to the bullish flag it had before at the same 35700 ATH price.
⚠️ PLEASE PLEASE do not make decisions based on YouTuber, Twitters and other people. Bears are still awake and trading is very very DANGEROUS nowadays.
⚠️ YOUR MONEY IS VALUABLE! Don't let others ruin your incomes
Recently, price managed to break below the support of this ascending broadening wedge pattern.
Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me.
We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit...
Even though past 4 hrs movement brought so much joy to Bullers, the next 1 hour will dictate the SMAs for the next few days.
PP 0.236 @ USD will become a key whether the sun will finally emerge from the dark cloud since last month.
NZDJPY is moving inside a minor ascending channel for a test of the 0.5 Fibonacci level.
According to Plancton's strategy if the price will break the flag we will set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure ->...
At the moment of this analysis. Bitcoin down below of $35,000 USD. i was in the good time in the just moment when Bitcoin down and make a volatile movement. But well, I can't to analyze it when Bitcoin form a bearish flag, but at the moment, I do not entry. but I am so near to entry in short position, but if you entry, ok, no problem, but I can to update my...
Thank you for considering reading my idea.
In the 1h chart, we are forming this bear flag with a potential target of 33K. We can also see that we got a rejection from the SuperTrend Resistance Line.
Like this idea and follow me for more analysis like this.
I am still following NQ closely. I find it most interesting of the instruments I trade right now.
You can see how NQ ended Friday at support. I exited my NQ position on Friday for an break even trade.
So what next? I have noticed in the past that when an instrument ends a week right at support or a resistance that chances are that it will gap up or down at the...
Trade ideas for USDJPY by Hardi
It looks like price broken below the bearish flag support with a solid candle on the 4hr tf.
This could also be an ABC correction, either way both are correction to the downside so we will try selling this pair.
Sell USDJPY 109.05
Stop loss 109.85
Take profit 106.20 (3.5R)
Use only 1-2% risk
As you can see on the daily timeframe there is a double top pattern formed. Price already broken below the support with a big bearish engulfing candle. This upwards movement could be only a retracement before further drop in this pair.
Price spent several weeks consolidating inside 1.6820-1.6660 area which also looks like a flag pattern to me.
In Daily timeframe, Rising Wedge Already Broken Downside
At the Moment, Bitcoin is Consolidating in Bearish Flag.
If Flag Broken down too, Expecting Another Bearish Wave towards the Support Area (42k).
So Far Bitcoin Looking Horrible so Don't Catch the Falling Knife, We Could See More Downside Move