#TOTAL2 reached above long term support zone, and it is below upper line of descending parallel channel. breaking above upper line of parallel channel that can act as bullish flag will push Alts to make new ATH.
Hello everyone, I am observing a flag formation on the 1-hour chart. It can be bought if it retests the resistance (0.5185). The target (90.6142) will again be the upper resistance. Just in case, the lower support (0.4572) 10% stop-loss should not be ignored. Farewell
- Based on the Elliott Wave Theory we could draw this chart. - This shows a possible outcome of 5700$ per Eth. - AB TIME= CD TIME, a strong correction within this period would most likely invalidate this outcome. - Possible Bull flag scenario. Just my view on the coming weeks, do your own research;)
Tesla has been on a healthy run for the last few days. It bounced off the 100 day EMA, and subsequently pushed up through the 50 day and the 20 day EMAs respectively. It's facing resistance at $1070, but if it's able to break through early next week, we will be looking at a nice crispy bull flag setup. A breakout from the flag would occur around the $1100...
✅GBP_CHF is trading in an downtrend And the pair has just formed A bearish flag pattern Which makes me bearish biased And after the breakout And some back and forth I believe we will see bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The possibility of a double-top formation was identified and made a bearish case on the macro level for BTC. On the other hand I see an other pattern emerging as well. You can see it with blue on the chart. It's a Bullish Flag. Enjoy & Trade, Goraxes *** Not Financial Advice. ***
After breaking the channel and forming a triangle for pullback, I guess it wants to go up.
✅SILVER has retested a horizontal resistance level While trading in a bear flag pattern And we are seeing a breakout to the downside So after a pullback I am expecting a local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Gala has good support in 4-hour time and is completing the flag pattern. If break the dynamic resistance upward , we can expect the set targets in the chart.
Noticed an bearish Abcde pattern until it goes long again. I expect it to hit the 50% fib before it goes bearish again.
To me this looks like a falling wedge on the 4h but due to the bearish price action before we could consider this a bear flag. But I think, due to other metrics (such as on-chain data) that we might treat this as a falling wedge.
As you can see, after a sharp rally Shiba had experienced, it started its correction phase and created a bull flag ( bearish channel ). Shiba has 3 supported zone, one of them has been broken and the second one has been touched and supported the price. Since then, the price has stocked around the first broken supported. In the lower timeframe, you can see the...
BTC has reached 50k but is still in the Flag Pattern. Expecting a breakout at 43k. Decent Support at 47k.
Hi Traders, A non-video post for you all here. Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end...
ABNB broke out of the ATH descending trendline. I am waiting for a 1 hr candle to close above 186 for a swing towards 200 , 210 and ATH
NKE looking interesting here sitting right on its 20-day EMA, falling wedge on the 4-hour and hourly timeframes along with what appears to be a big ascending triangle forming. Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Certainly a longer-term play, however, bullish and...
I think the general trend of gold is currently declining, and after reaching the first goal I set, I will close the deal or take the profit and wait to see what happens to gold. Now that we are out of a flag and we are waiting for the climb, so it is not too late, take this climb now, so that I can update the gold again. ❤️Please, support this idea with a like...
I can say now, the pennant pattern is invalid, because it broke the violet line that would have served as support for the pattern. But, now it is forming a new bullish pattern. The Bull Flag Pattern, bullish flag is also an extension/continuation of the existing trend. Even though flags suggest a continuation of the current trend, it is prudent to wait for the...