On the above monthly chart of BNB token there is easily an hour of topic to discuss. However attention spans amongst the equity providers do not afford a detailed explanation so the short version.. 1) Price action is in a legacy uptrend channel since inception with a confirmation of uptrend continuation (unlike LTC). 2) Price action is at resistance after three...
🔍 Technical analysis: Ascending channel & Bullish Flag -The 4H frame time is moving in an uptrend channel. - Currently, given that the channel ceiling is facing sales pressure. - In a density in the middle of the channel, a upward flag is formed. - In the event of a green box area, it can touch the specified targets. 🛑 Resistors: 0.134 - 0.146 -...
On the above weekly chart price action has corrected 97% since late 2021. A number of reasons now exist to consider a long positions. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal confirmation. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. Price action finds support on past resistance on the...
Analysis: Chart Pattern: Combousdt Coin Crypto is currently displaying a Bearish Flag pattern, indicating potential downward movement. Breakout Potential: The pattern suggests a likely continuation of the downward trend once the flag breaks. Target Price: Estimate target prices based on the height of the flagpole. Stop-Loss: Set a stop-loss slightly above the...
Might be a drop here down towards the 200 day EMA/MA and the bottom of this bull flag or falling wedge on the daily. This could provide some reliefs to #alts vs. BTC while Bitcoin corrects down to 60-63k area Short-term short until 53-54% area, then long again, may range within the wedge for a while, too.
Hello Traders and Investors, today I will take a look at Binance Coin . -------- Explanation of my video analysis: Back in 2020 Binance Coin created a decent bullish break and retest of a horizontal structure which was followed by a rally of 10.000% towards the upside. After this rally, which ended in April of 2021, Binance Coin has been trading sideways...
NFLX is starting to flag and tighten above previous highs. Basic resistance turned support flip, plus our premium indicator is printing bullish continuation.
Reasons for bullish bias: - Simple DOW theory - Price broke ATH - Bullish flag pattern - No divergence Here are the recommended trading levels: Entry Level(CMP): 824.10 Stop Loss Level: 727.96 Take Profit Level 1: 920.24 Take Profit Level 2: Open
I'd like to share this SPX analysis I have with you guys from today. We have a very clear bull flag we just have to wait for the perfect entry at the break of the upper trendline where i have the green oval. I'd like to see a close of a higher timeframe (1HR/4HR) candle to confirm break of bullflag for further continuation to the upside. Also, consider that we...
This is hat I have mapped out so far, if you look at my previous post I was originally bearish but now I think once we break the green trendline we have a push upward :) we had a nice dump from our bear flag (look at previous post) but it didnt really give the dump I wanted. lets see where this goes :) HAPPY TRADING!
🔍 Technical analysis: Bearish Flag Pattern According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself. - Therefore, this rising wave can be labeled as wave one. 💎 According to the structure and behavior of the three-wave...
AUDCHF formed a bearish flag pattern on a 4H time frame, after quite a strong bearish movement. Breakout of the support of the flag is an important bearish signal. The pair may keep falling now. Goals: 0.5899 / 0.5880 ❤️Please, support my work with like, thank you!❤️
Based on technical factors there is a Buy position in : 📊 NOTUSDT 🔵 Buy Now 🪫Stop loss 0.015500 🔋Target 1 0.021500 🔋Target 2 0.029000 🔋Target 3 0.039000 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Looks like a bullish flag, just bought some calls as shown. I'm expecting a breakout of the 210 resistance.
I see DOW is running out of stem. I just bought puts of CAT strike 325 expire July 12. You can just short the stock as well. If the price pulls back to test the 334 resistance I'll buy more puts. The double top also looks very bearish.
Revisiting a weekly chart of a 9 symbol crypto mega cap index (BTC, ETH, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC) one can't help but notice price resting on a shelf that was formed during momentum running deep into overbought territory. As the shelf is more or less flat for many months, we see momentum cooling into saner levels. Price could continue to base out in...
I spotted a strong bearish pattern on Gold on an hourly time frame. After a strong bearish rally that initiated on Friday last week, the market started a correctional movement within a rising channel - a bearish flag pattern. A breakout of the support of the flag is a reliable bearish signal. Probabilities are high that Gold will drop at least to 2295 ...
GBPCHF is currently in a bearish trend. Price is forming a bearish flag pattern, indicating a potential continuation of the uptrend. The pair is being rejected from resistance at the 38% Fibonacci retracement level, adding confluence to the bearish bias. what you guys think of this idea ?