Like all the alts ETh also took a very big hit past week which is not normal for a bull trend. This wave down was bigger that the waves up almost. Not in %, but still, it should have never been this big. So what is very likely now, very small chance to see ETH simply recover this huge blow and go back to high 2xx levels again. Think best case we consolidate...
Good morning, traders. Last night, I was watching for a possible HnS to target the blue zone in the mid-$10000s. This morning I woke up to see that price had returned above the neckline without reaching that point. Instead, it bounced in the orange demand zone that printed on July 13th. In doing so, it did print the H4 hidden bullish divergence I said I was...
Update from yesterday:
For now, there is what looks like in inverse H&S in the making (right). But the shoulders are very ugly, not the shape they normally should be. Also, if we move up to soon and break the neckline, think chance of failure is also very big.
On the left we can see the big resistance zone is around 12500, so if we dont move up with some good...
With all of the market uncertainties (trade war, cutting rates), gold is profiting heavily.
We are seeing a very nice flag, with bounce-back at support.
Analysis in chart.
Good morning, traders. Bitcoin hit Friday's target of the green box this morning. I have changed the pitchfork from the Modified Schiff to the Schiff as it fits better now that price has printed some movement. We can see that price is above the median of the Schiff Pitchfork, which is bullish. Price is now above the pivot, which is bullish as well. Traders may...
Bitcoin loves keep going up with flags we all know that. We have a big flag on 1w time frame. Also flag's target is fibonacci 1 level. Is this a coincidence? We have never seen much volume like we have last 15 weeks. She took power from ema10. I hope she never close a candle under ema10 nor this mean trend change. Something very big is coming i think. But when?...
Inverted Flag Pole pattern seen in Bank Nifty (BN)
Till Bank Nifty breaks 28500 and gives a closing above 28500 the trend continues to remain bearish
Inverted flag pattern is seen in Bank Nifty if the BN breaks the pole we may see new lows.
Price is below 22 EMA and Vortex also indicates bearishness in stock.
Its a down corrective wave and forming a bearish flag and its at top of the flag....now its forming a ascending channel as conformation to get into sell once its abreakout go for sell at a risk reward of 1:2
Price is moving in a flag pattern that can serve as a correction pattern. A retest and push from the lower trend line that acts as support along with price action could advocate for a long position to the resistance/ upper trend line of the flag. Will wait for a break and close above that resistance area for further long positions.
It's just so technical! Amazing classic TA pattern of a flag. Price after breaking the lower barrier of the flag went to the demand area. It can go up from here or if the area is broken, then we have the next one just below. A very interesting situation to observe.
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