I've highlighted a few places to target for profit taking in green. I'm not taking this trade because I'm already balls deep in other trades but I wanted to highlight this for others to consider.
In blue I have outlined a bullish flag or descending triangle, or possibly a falling wedge, it appears as though momentum is leaning towards the bears creating a series of lower highs, but the blue downward sloping line of resistance looks like it's about to be breached to the upside, and continued bullish price action could possibly create a inverted H&S pattern....
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BINANCE:LINKUSDT CHAINLINK has been one Giant Bull Flag since Binance Listing.
It's unlikely this plays out as a bullish flag because the baseline of support has been breached indicating the pattern is a descending triangle.
🔸 I'm continuing my experiment. That time I'll try to figure out which tools of classical technical analysis are still working on Bitcoin. 🔸 In my last idea, I considered trendlines from which price periodically deviates to take liquidity: 📈 This time, my attention was drawn to the downward channel on BTC, which perfectly fits "bullish flag" pattern -...
After consolidating in a symetirical triangle (begining week of 24 Jun '19 to the break down week of 23 Sep '19) and falling -30% during a 4 week period, there were 3 more dumps. 21 Oct '19 thru 18 Nov '19 (-34%) 10 Feb '20 thru 09 Mar '20 (-62%) 01 Jun '20 thru 29 Jun '20 (-15%). (The -62% drop IMO would have been closer to a -30% drop if Covid-19 were not...
Hey, I am back with another Crypto idea, looking at Bitcoin. So Bitcoin has been going sideways for the past week, in a slight uptrend. Currently is Bitcoin in a bull flag, from where it looks like it's breaking out now by breaking the bull flag downtrend line. The target of this one hour bull flag is $9,400, rest of the cryptomarket should be bullish too, as...
NYSE:NKE bull flag breakout is about to happen. This time it may surpass the supply zone.
Scary bullflag on DEFIPERP, wants to trend along the outside of this fib spiral. I recommend REP for a buy as they are releasing V2 in July. DeFi holds promise from a TA perspective.
Trade Idea Completed, CHFJPY, Wedge Breakout Pattern, Target Price 114.004
Bitcoin appears to be trading in a bullish flag or a descending triangle, the bull flag is colored blue & the descending triangle pattern is red.
NYSE:DE is a ticker I have kept my eye on for a little now. It fell into sideways movement after maintaining a strong bullish trend. It formed a bull flag and broke out of the upper bound at the close of the 6.25 session. This is a strong breakout signal supported by a MACD crossover underneath the zero line. This, along with analyst price target upgrade to 165,...
With recent bull flag breakout on good accumulation, I see that $TECH has potential to rally up to $330. 50SMA(245) can be used as stop-loss limit. P.S: Please do you additional research before investing, all ideas posted are for educational purposes.
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.
Gap filler since the altcoin market is intensely correlated with TOTAL, completely even buy bitcoin and alts at 78B if this scenario occurs