First of all, I would like to note that the price found support roughly at the zone noted earlier : flag bottom + 21EMA. Yes, we got a shakeout, but it was not followed by high volume and was aggressively bought back. We are still inside the flag, with support around 523, where I see the Inv H&Sh pattern on the lower timeframe, as well as the 21EMA. If this...
Here I have DXY on the 4Hr Chart! Price has been in quite a Downtrend since the High @ 106.517 and now with the appearance of what seems to be a BEARISH BREAK of an ASCENDING CHANNEL which if we get a VALID BREAK and CLOSE out of this Channel .. This is signs of a Strong Continuation pattern, the BEAR FLAG! The Big Push behind this weakness comes in with the...
SP500 - Could this happen? I see this will breakout the all high as it's an important resistance.
I see a classic bullish pattern on EURUSD: a bullish flag. After a completion of a bullish impulse, the price started a correctional movement within. With a yesterday's bullish movement, the market managed to break and close above the resistance of the flag and set a new higher high higher close. For us, it is an important bullish signal. I think that the...
STXUSDT has formed a giant bullish pole and flag pattern. Within this larger structure, we've identified an internal bullish continuation pattern, also a pole and flag, which has achieved its projected target. We have outlined a strategic buyback area, named the accumulation zone, which should act as a strong demand area for the coin. This setup requires maximum...
It appears as though BTC has broken the downward sloping resistance of a bull flag. Highlighted in Green you can notice an inverted H&S pattern coming to completion. Also, there is the potential of a break downward from a bearish flag.
After the upper trendline breakout, there is an opportunity to look for an entry buy position
After the upper trendline breakout, there is an opportunity to look for an entry buy position
Hello guyzzz! New week, new market update! We are still in the same 3-month bullish flag. Adding Elliott Waves and a red rectangle here, if we reach it, will be the best option to open long positions. Also, it seems like we're trying to retest the resistance line of the flag for the second time. If we don't reach the box, I think I will open a position around...
Based on technical factors there is a Buy position in : 📊 RVNUSDT 🔵 Buy Now 🪫Stop loss 0.02570 🔋Target 1 0.03220 🔋Target 2 0.03600 🔋Target 3 0.04300 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
I noticed another bearish signal on the GBPUSD chart. The price was respecting a rising trend line until it hit a significant horizontal resistance level. This led to a bearish breakout and the support of the flag pattern was breached. As a result, the pair is likely to decline further. The target levels to watch for are 1.2685 and 1.2648.
Bitcoin is preparing for a pretty significant crash (in June). Why do I think so? We need to look at the previous price action because in May, Bitcoin pumped by 25%. If we take a look at May's price action, we can see that the uptrend created a FVGAP at 62k, and these gaps tend to be filled sooner rather than later. This is, of course, not the only reason why I am...
🔍 Technical analysis: Bullish flag in corrective zigzag wave 4 According to the analysis presented in the previous post, wave 3 or rising C in the area of 2.618 Fibo of the previous wave itself was completed. 💎 But now in the 1D time frame a bullish flag is formed in the form of wave 4 zigzag. After exiting the congestion and descending channel in the supply...
If CRYPTOCAP:SOL momentum continues, we may be open air to .06 sooner than later
ZILBTC has broken down from a bear flag formation, with the price falling below the support level, which has now become a strong resistance zone. Attention should be directed towards the proposed drop target as the primary accumulation area for potential buying opportunities.
USDCHF is currently testing a key daily horizontal support. To buy this structure with a confirmation, pay attention to an expanding wedge pattern on a 4H time frame. Your confirmation to buy the pair will be a bullish breakout of the resistance line of the wedge. A bullish continuation will be expected at least to 0.9155 then. If the price drops below the...
A huge significant head and shoulders pattern has emerged in GOLD on a 4H chart, with the price also creating a bearish flag pattern as it forms the right shoulder. Both the support line of the bearish flag and the neckline of the head and shoulders pattern have been breached, with a 4-hour candle closing below them. It is likely that the pair will now decline...
JASMY is currently breaking free from what appears to be a tight Bull Flag that it's formed at the locals highs. A move above the consolidation zone could take JASMY to extremely higher highs as beyond 4.9 cents lies no resistance at all and only a history of moving straight up and down which can be seen on the older spot chart of this coin. With that in mind,...