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Bullflagpattern

ZECUSDT is creating a bullflagZECUSDT had a breakout after an accumulation period, but was subsequently rejected by the daily resistance level. The rejection from the resistance level may be indicative of strong selling pressure or a lack of demand for the cryptocurrency at current prices. However, the price of ZECUSDT is currently creating a bull flag pattern. A bull flag is a technical chart pattern that occurs when the price of an asset experiences a sharp upward movement, followed by a period of consolidation with a slight downward trend. This pattern often signals that the price is poised for another upward movement, and may indicate strong demand for the asset. In order for the price of ZECUSDT to continue its upward trend, it will need to create a breakout from the bull flag pattern as well as the daily resistance level. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
10
LRCUSDT is testing the resistance inside the BullflagThe LRCUSDT pair recently experienced an impressive bounce from the daily demand zone at the 0.2$ level. The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market. A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart. Traders and investors who follow technical analysis may look for a potential breakout above the daily resistance at the 0.42$ area, which could signal a continuation of the uptrend and potentially offer new buying opportunities. According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the LRCUSDT market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
AXSUSDT is inside a bullflagAXSUSDT is inside the bull flag A bullflag is a chart pattern that occurs in an upward trending market and is characterized by a period of consolidation or retracement within a parallel channel, creating a flag-like shape. The pattern is considered bullish as it often precedes a continuation of the uptrend. In this case, AXSUSDT is testing the 0.618 Fibonacci level inside a bullflag formation. The price has increased 63% since the previous idea after a clear breakout from a descending channel. Additionally, the price created an engulfing pattern on the daily support at the 10$ area, which could be a bullish signal, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
KCSUSDT is testing the resistance!KCSUSDT has recently experienced an impressive breakout from a bull flag pattern. The price is currently testing a key resistance level after retesting the 0.618 Fibonacci level. The market appears ready for a potential breakout. A bull flag pattern is a technical analysis chart pattern that is characterized by a strong upward price movement, followed by a period of consolidation or sideways movement, in the form of a flag or a pennant. The pattern forms as the price of an asset makes a sharp upward move, creating a flagpole, and then enters into a period of consolidation with lower volatility and a tighter trading range, forming the flag or pennant. The bull flag pattern is considered a continuation pattern, as it suggests that the underlying bullish trend will likely continue once the period of consolidation is over and the price breaks out of the flag or pennant formation.
by InkyGrip
14
Is the merge the catalyst of the ETH flippening?It is incredible to see the spotlight on ETH as the MERGE is all the talk on Bloomberg and CNBC. This narrative will only get louder as we near the long awaited celebration of POS. Daily Transactions on network: ETH 1.3m BTC 225k ESG Goals: ETH will be 99.95% more efficient than Bitcoin. Bitcoin, is still being mined by China Coal - *Bloomberg Citation Total Value Locked: ETH $34.1b Billion, Bitcoin $0 Staked: ETH has over 11% of circulating tokens staked. Bitcoin has 0 staked on network. Hodling Rewards: ETH Staking Rewards are estimated to be 5.5-13.2%. Bitcoin does not reward holding with passive yield. Tokenomics: ETH will be cutting new issuance by 90% (equal to three bitcoin halvings). While burning ETH in every transaction making it deflationary. Bitcoin is increasing supply for another 140 years as the underlying supply inflates. Deflation will decrease supply of tokens making the price of eth rise. Bitcoin increasing the supply of tokens will make the price of bitcoin drop - (Miner pressure). Bitcoin would need to see over $20m of inflows daily just to break even due to mining selling pressure. Just because there is a cap, does not make Bitcoin protection against inflation. Bitcoin itself is inflationary like fiat. Security: According to the report just released by ConsensSys today, Ethereum's network post merge will be up to 20 times more secure. Eth2.0 is significantly more secure than Bitcoin, as for $3-13 Billion USD (chump change for America/China/UK/Australia/Japan etc) Bitcoin's network could be taken out with a 51% attack. There is a misleading idea that to have a 51% you would need 51% of the tokens, this is incorrect. As for eth, you would need over 51% of the validators. ETH is more secure, as a malicious actor would need to spend billions on acquiring more eth, to then run more validators which would make the price of eth skyrocket ever more. Possible yes? Realistic LOL no, as all the while they will run the risk of getting their staked position worth billions slashed, which again would lead to more eth scarcity bringing the price up ever higher. Future outlook: Bitcoin is done as upgrades are ill advised. If Bitcoin were to be fixed (POS) the network would fork again as the miners are making fortunes dumping newly created (inflation of bitcoin supply) tokens onto bitcoin holders daily. ETH post merge, has a lengthy roadmap that includes sharding, this will finally tackle the fuel fees (making the cost to use the network significantly more economical), increase scalability, speed and capacity of the network. The next comparison we should investigate is the trend as far as market dominance is concerned: Likewise, we can see the recovery in ETH has been superior to BTC. In fact it seems that on days we drop, like yesterday Bitcoin falls harder, while on positive days Ethereum outperforms. As I stated Ethereum has the Alpha. That analysis is linked below (Related Ideas) for those interested. Jung stated that for a tree to reach heaven, its roots need to grow to hell. Likewise like everything in crypto: IT WILL EVENTUALLY CRASH I do not recommend chasing price. I already am long, however I plan to add to the position in the buy zones as labeled below. If we break above the EMA ribbon, I then simply plan on buying even at a higher price & then letting the winner run: Let's talk about practical utility.: --> Bitcoin does have use in El Salvador, and the finance minister Alejandro Zelaya said bitcoin adoption has been beneficial to El Salvador's unbanked population. Citation available below. -->Visa and Mastercard announced settling transactions with the ETH token USDC. " The credit card provider that moves billions of dollars each day in 200 markets today announced it accepted the first settlement payment in U.S. Dollar Coin (USDC), a cryptocurrency pegged to U.S. dollar in a 1:1 ratio, from its global crypto wallet partner Crypto.com over the Ethereum blockchain. " Citation available below. -->The European Investment Bank (Partnered with Goldman Sachs) issues its first ever digital bond on the Ethereum Blockchain. " The EIB launched a digital bond issuance on a blockchain platform, deploying this distributed ledger technology for the registration and settlement of digital bonds, in collaboration with Goldman Sachs, Santander and Societe Generale. " Citation Below. --> The Reserve Bank of Australia released the positive results of their research project " The project involved the development of a proof-of-concept (POC) for the issuance of a tokenised form of CBDC that could be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform ." Citation Below Citation: China Coal * www.bloomberg.com El Salvador Finance Minister www.bloomberg.com Visa Will Start Settling Transactions With Crypto Partners In USDC On Ethereum www.forbes.com The European Investment Bank Digital Bond www.eib.org Reserve Bank of Australia Public notice www.rba.gov.au Project Atom Research Paper www.rba.gov.au
Long
by ZenMode
2
Bull Flag trading Long Silver HUGE MOVEAll details are on the chart. This is the weekly chart for Silver. From left to right, you can see that Silver consolidated for 2.5 years before it started the big move Upwards in 2019. Price dip in March 2020 with COVID as everything else then it recovered to make a HUGE MOVE to ATH (ALL TIME HIGH) of ~79000. Since then, Price has been consolidating in a Channel for ~2 years now and it has a beautiful Bull Flag Pattern that has formed. You can see in the round green circles i drew in the top of the channel that price has already tested that area 4 times. From my experience, the more a Resistance or Support is tested, the weaker it gets. All eyes are on a Recession for 2023 and in all Recessions, metals goes up big time. Unless some external forces save us from Inflation and Recession, history will repeat. If we look into the charts, the pattern also tells the same thing. Bull Flags are 67% accurate when they break to the upside so as for possible Targets, you can see that Target 1 is half way the distance of the Flag pole which also coincides with the width of the Parallel Channel. That is a great Target 1. Target 2 will be the move of the Bull Flag which is a measured moved and it goes the same distance of the Flag Pole. Happy trading. As always, comments, likes are welcome. thx.
MCX:SILVER1!Long
by ppatrading101
🚩 Bull Flags VS Bear Flags🚩What is a Flag Pattern? A flag pattern is a commonly observed technical analysis pattern used to identify potential continuation of current market trends. It is characterized by a period of consolidation, where the market experiences a relatively small range of movement, following a significant price movement. This pattern is formed as the market returns to a state of equilibrium, following a large move. The flag pattern is considered a continuation pattern, as it often indicates that the market will continue to move in the same direction as the preceding trend, once the flag breaks out. This breakout typically occurs when the price of the security breaches the upper or lower boundary of the flag, and it is usually accompanied by an increase in trading volume. 📈📉The difference between a Bull flag VS Bear flag The difference between a bullish and a bearish flag is in the direction of the price movement. With the bullish flag, the idea is to participate in a strong uptrend. Meanwhile, with the bearish flag pattern, the idea is to trade short in the direction of the prevailing downtrend. - Downtrend vs uptrend: Bull flag and bear flag are both continuation patterns that form when the price of a stock or asset pulls back from the predominant trend in a parallel channel. - Bull flag: A bull flag is a sharp, strong volume rally of an asset or stock that portrays a positive development. - Bear flag: A bear flag is a sharp volume decline on a negative development. - Bull flag and bear flag share the same traits: Traits of Flag Patterns include support and resistant levels, flag, flag pole, breakout points and price projections. 📍Entry opportunities The most important component of any flag pattern trade is the entry. It’s generally advisable to wait for a candle to close beyond the breakout point before creating any orders to avoid being burned by a false signal. In the example above, the entries are made on a High risk - High reward mindset with stop loss bellow the flag pattern. Most traders will enter a flag pattern trade on the day after the price has broken beyond the trend line. The length of the flag pole is typically used to calculate the profit target. Even when the formation of a flag pattern is obvious, there is no guarantee that the price will move in the expected direction. As with most technical analysis, you will get the best results from flag patterns by applying them to longer-term charts as you will have more time to consider your strategy and analyze the price action. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
3
JICPT| EURUSD retest bull flag structure on the dailyHello everyone. It's been a while since I published last trade idea. I've been very busy helping clients to review their portfolios in December. EURUSD got my attention as it tested the key structure of the bull flag pattern. I marked two support zones in yellow color with the lower one expected to be not so easy to break. Looking at the daily chart, you can identify that the downtrend channel was firmly broken on Oct.25th, a few days after CPI release which is below expectation. That's a turning point where DXY started to pull back from multi-year high. In addition, the pair refused to create new low and a nice pullback has been formed thereafter. As mentioned above, two yellow zones are considered to be support zones with 1.0550-75 and 1.0200-1.0300. The latter is a wider zone and we can zoom in to identify bullish reverse pattern on 60 min. What do you think? Give me a like you're with me.
Long
by JICPT
PLAY | Excellent Long Term Play | LONGDave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. The company operates its venues under the Dave & Buster's name. As of January 30, 2022, it owned and operated 144 stores located in 40 states, Puerto Rico, and one Canadian Province. The company was founded in 1982 and is headquartered in Coppell, Texas.
NASDAQ:PLAYLong
by DivergenceSeeker
2
DKS | Bull Flag Forming | LONGDICK'S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. It also owns and operates Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone!, and other specialty concept stores; and DICK'S House of Sports and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile application for video streaming, scorekeeping, scheduling, and communications. The company sells its product through e-commerce websites and mobile applications. As of January 29, 2022, it operated 730 DICK'S Sporting Goods stores. The company was formerly known as Dick'S Clothing and Sporting Goods, Inc. and changed its name to DICK'S Sporting Goods, Inc. in April 1999. DICK'S Sporting Goods, Inc. was incorporated in 1948 and is headquartered in Coraopolis, Pennsylvania.
NYSE:DKSLong
by DivergenceSeeker
ABBV | Bull Flag Formation | LONGNYSE:ABBV AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behcet's diseases; SKYRIZI to treat moderate to severe plaque psoriasis in adults; RINVOQ, a JAK inhibitor for the treatment of moderate to severe active rheumatoid arthritis in adult patients; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), and VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection. It also provides CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid used in the treatment of hypothyroidism; Linzess/Constella to treat irritable bowel syndrome with constipation and chronic idiopathic constipation; Lupron for the palliative treatment of advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids; and Botox therapeutic. In addition, the company offers ORILISSA, a nonpeptide small molecule gonadotropin-releasing hormone antagonist for women with moderate to severe endometriosis pain; Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Lumigan/Ganfort, a bimatoprost ophthalmic solution for the reduction of elevated intraocular pressure (IOP) in patients with open angle glaucoma (OAG) or ocular hypertension; Ubrelvy to treat migraine with or without aura in adults; Alphagan/ Combigan, an alpha-adrenergic receptor agonist for the reduction of IOP in patients with OAG; and Restasis, a calcineurin inhibitor immunosuppressant to increase tear production, as well as other eye care products. AbbVie Inc. has a research collaboration with Dragonfly Therapeutics, Inc. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.
NYSE:ABBVLong
by DivergenceSeeker