LENDUSDT | BULL-FLAG | .618 Fibonacci | Trade Setup Todays Analysis – LENDUSDT – Breaching its bear-flag neckline looking for a trend continuation.
Points to consider:
- Support Confluence (higher low)
- Bull-flag (trend continuation)
- 55 EMA (visual guide)
- Increasing Volume
- RSI above 50
- Stochastics overbought
LEND held local support, in confluence with .618 Fibonacci retracement upon retest of the key level, establishing a higher low, further solidifying the importance of the level
S/R flip of the bull flag neckline further establishes a bullish bias in the market.
The 55 EMA will act as dynamic support and a visual guide, assisting in trade management.
An increase in bull volume nodes is present; further influx of volume will be essential for price action follow-through.
RSI has broken above 50 showing increasing strength in the market, ranging above 50 will maintain the bullish bias. Stochastics reaching oversold conditions and may remain there for some time.
Overall, in my opinion, A long trade is validated to the technical target above with risk defined below .618 Fibonacci retracement.
What are your thoughts?
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Bullflagpattern
XAU/USD : Simple and Clean Buy Trade Setup Buy after Bullish Engulfing Candlestick Pattern, Wait for Good Time to Buy.
ThankYou
VET Bull Flag We are seeing constant strength in Vechain, higher lows, perfect bull flag forming into another bull rally.
Strong support at 0.00815 place stop below here or use trailing stop as price rises
TP 0.0102
If VET breaks below current support levels look for 0.0071 as next level
NIKE ($NKE) Bull Flag BreakoutNYSE:NKE bull flag breakout is about to happen. This time it may surpass the supply zone.
Trade Idea Completed, CHFJPY, Wedge Breakout PatternTrade Idea Completed, CHFJPY, Wedge Breakout Pattern, Target Price 114.004
Inverse Head & Shoulders /& Bull flagPotential bull flag looks like it could complete the formation of an inverse head and shoulders, both indicating bullish price action. Although this can indicate bullish price action BTC/USD would have to drop to around the low 7k range to make these formations valid and before expecting price action to break to the upside.
AUDCAD a long idea 🦐 The market after a sharp rise took a break in a consolidation bull flag and now seem to continue the bull momentum.
If the price will manage to go over the structure we can look for a nice long order according to our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Bullish Flag or Descending Triangle?Since the parabolic price movement to the upside which occurred after the stock split ACB has since consolidated into a bullish flag or a descending triangle.
Could EXPI be going further upEXPI is already trading close to 3 months high and has announced yesterday that they will be having an investor conference on 19/06/2020
It has quite recenty had a huge bull flag and now currently having a sort of consolidation period within the channel.
I'd say that the stock is getting prepared to go higher highs soon within the next 3 working days.
what do you guys think ?
Could EXPI be going further upEXPI is already trading close to 3 months high and has announced yesterday that they will be having an investor conference on 19/06/2020
It has quite recently had a huge bull flag and now currently having a sort of consolidation period within the channel.
I'd say that the stock is getting prepared to go higher highs soon within the next 3 working days.
what do you guys think ?
$SPOT - Bull flag breakout - Potential target $230A nice bull flag breakout with good volume. 20EMA ($181) level can be used as Stop loss.
TLRAY INC |Bull Flag | S/R Flip | Clean Trade Setup Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support.
Points to consider:
- Structural support retest (S/R Flip confirmation)
- Bull-flag formation
- Below average volume
- RSI trading above 50
TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural resistance.
Volume nodes are below average, bulls need to see an influx out of the probable bull flag formation to support the bullish bias
RSI is above 50, showing reasonable strength in the current market
Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the bull flag (aggressive entry) as both technical targets align with structural resistance.
“When you smoke herb, it reveals you to yourself.” – Bob Marley
EURNZD Trade idea long opportunityWe can see that price is in an uptrend on the daily chart. It has recently broken through a key daily level at 1.7628. Looking for price to find support within the bull flag around 1.7212. I would look for a buy around this area with and secure profits near previous support. I expect previous support to act as resistance and price to move back down to the daily trendline before making the big bullish move.
Retest of the bull flag We just experienced a break out from the symmetrical triangle which is a bull flag and then dump back down into the flag usually with these cases we have a test of the bottom support which is the ideal time to buy
BUY: at the bottom of the triangle support
Stop loss: move along the bottom support as it moves up if we lose the bottom support we can close our position
TARGET : 14 k
GOLD may be about to GO LONG Looking for LONGS on GOLD
Gold looks like its breaking out of a bull flag on the 4HR so I've dropped to the 1HR to see what I can find.
I'm looking now for my next confirmation which is a break in key resistance at approx $1733.
A close above this level will give me a signal to enter a long here with my main target being the top of the flag.
Trade Specifics:
ENTRY - $1734
TP1 - $1751
TP2 - $1764
TP3 - LET RUN. Daily resistance above these levels sits around $1796, which I will push for.
SL - $1715
R : R - 1 : 1.6 approx. Slightly better if targeting the daily res up higher.
PS - If you are targeting the daily res at $1796, I would be inclined to put my Stop Loss down to $1710 for safety, its affordable.
Reminder - this is not financial advice, simply an idea. Please do your own research before entering any trades and ensure you use risk management such as stop losses.
Remember, there is only 5 outcomes when you enter a trade:
1. Break Even
2. Small Win
3. Small Loss
4. Big Win
5. Big Loss
Eliminate #5 from your future options.
Happy Hunting!
ICXBTC | Another LONGICXBTC consolidating since february this year broke out of the channel. Expecting to see some gains.
-Possible bull flag pattern breakout
- Opened long myself
$UMPQ - Bull flag breakout- Potential target - $12.40$UMPQ broke out of bull flag with good volume and also crossed 50SMA. If price stays above 10.55 then it has high potential to reach $12.40
1h chart maybe better to see fidelity to the BULLFLAG PATTERN...Sorry guys the same chart again... ;-(o)
$CGC - Bull Flag breakout - Potential Target $18CGC brokeout bull flag on decent volume on Friday. If the price holds above 10EMA(15.01) then the next target is $18. Note that CGC reports earning on May 29, 2020.
