KNC is making a bull flag with support of 0.5 fibo level ( 0.00007686 ) . In case of breakout it can raise to 0.0000865 and 0.00009103 ( 0.236 fibo level ).
Whether you like it or not, BYND is the first mover in the alternative meat industry. There is just way too much upside and growth to be captured in this nascent industry. Future trend toward green environment and sustainability will only push this industry higher. Three scenarios- #1. Test the local resistance one more time and break out of the bull...
..before breaking out higher from bull flag formation. See also:
After Gold broke out of a Bullish Flag there was a back test of the downward sloping trendline that acted as resistance until now turned into support resulting in another bullish flag breaking out on a smaller time frame. I'll link a chart on a smaller time frame displaying another bull flag. Keep in mind everyone, anything under approximately 1800 USD is fair...
Or potentially a descending triangle, Bitcoin is being met with resistance that I have colored blue which is a downward sloping trendline since the blow off top of late 2017, and the other blue line is strong support dating back to 2017 & more recently it's acted as a Micro bottom multiple times. Bitcoin is still trading above the 200 Day MA & with the halving...
Key Takeaways A descending triangle is a signal for traders to take a short position to accelerate a breakdown. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart. A descending triangle is the counterpart of an ascending triangle, which is another trend line based chart pattern used by technical analysts. Bullish flag...
Decision Time for BITCOIN! Did you check in on the crypto market this week? If you had not, well then, you may be in for a surprise...in a good way, of course. Bitcoin was back above $10K for the first time since October 2019. More importantly, it is also back over the 200-day MA. That’s notable because, as Tom Lee of Fundstrat put it earlier this week,...
Possibly a descending triangle as well, but the RSI is fairly low on a 1 Month chart which indicates there's room for appreciation before becoming overbought. One thing I find very interesting is the fact that Hive has traded 321,456,046 shares in the past month, keep in mind Hive only has roughly 327M shares outstanding, huge volume surpassing the 2017...
Bull Flags are repeatable Range trading chart patterns. Bull Flag chart pattern will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in...
Hey there, so this is a pretty important post right here. Leave a like, commend and share this post! Also follow me, if you don't want to miss out! As many of you migh already know, we had the cross (golden cross) of the 200 and 50 MA on the daily chart coming and it happened today. More or less surprisingly, we saw the price ralley strongly to the upside. We...
Silver is way undervalued to Gold and everything this will be changing over the next several years, buy silver. It just broke out of this 1 month downward to sideways trading range / bull flag. Again look at Gold/Silver ratio.
With earnings approaching next week & a new CEO that comes from STZ who also happens to be an accountant, I wouldn't be surprised if $WEED financials are becoming chaos in order. Only time will tell, but this could end up being a giant bull flag as well. The 200 Day MA isn't that far away either, but on the RSI is looks like a H&S is forming.
This is the "exact" same chart from the other day but on a 6 month line chart; which only shows the daily "closing price" as opposed to the 1 year time frame candle chart I posted on Feb 6th which shows more trades. Notice where the rejection point came into play on Canopy's parabolic price move on Friday? The downward sloping trendline of the descending...
Pumps into pumps on pumps. This coin can't stop won't stop. Hope you got in when I first posted about it, it's up almost 70% since.
EURNZD oversold levels in all timeframe from 30 mins into higher Daily timeframes Indicators & Oscillators are oversold waiting for reversal Confirmation 30 pips move for long position Bull flag pattern 30 min
BTCUSD looks to be in a Bull Flag pattern after that 1st wave. Breakout long trade possibility. Just an observation. Good luck!
It appears as though the 200 Day MA is acting as the floor of the descending triangle or bullish flag.
BTC looking to be coming out of a flag pattern. Looking for a 1 hour close above before adding to my long position.