Flag
Why HBAR remains super bullishCOINBASE:HBARUSD is displaying all text book bullish definitions!! Volume spike on run up and volume reducing as it forms the bullish flag. RSI and ATR has cooled down and less volatile. Forming a pressure point which could explode to the upside if it remains bullish which is the likelihood.
NEARUSDTNEAR Protocols is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
SUKUUSD 12/6/2024SUKUUSD Daily Chart Analysis
• Previous Price Action:
o A significant top for SUKUUSD was established in April 2024.
o Following the top, the price tumbled through August 2024 before finding a bottom.
o From August to November 2024, the price moved sideways, signaling a potential accumulation phase.
• Breakout Confirmation:
o The accumulation phase was confirmed with an upward breakout accompanied by a spike in volume and momentum.
o In late November 2024, the price formed a bull flag pattern.
o The bull flag breakout has been confirmed, with several daily closes above the flag's top, solidifying the bullish trend.
• Momentum Indicators:
o The MACD is firmly in bullish territory, supporting continued upward momentum.
o The price is consistently supported by the 10 EMA, indicating a strong bullish trend.
• Broader Market Context:
o With BTC making strides toward new all-time highs, SUKUUSD's bullish setup is further reinforced, making this trade even more favorable.
Trade Setup (Long):
• Entry: 0.1139
• Stop Loss: 0.0883 (-22.48%)
• Target #1: 0.1918 (+68.39%, 3.04 RR ratio)
• Target #2: 0.2679 (+135.21%, 6.02 RR ratio)
This trade capitalizes on SUKUUSD's confirmed accumulation breakout, strong technical indicators, and a favorable macro context with BTC leading the crypto market higher.
XAUUSD Flag m15
The flag pattern in the 15-minute timeframe for gold is a strong continuation pattern, and if it’s currently forming with a bullish setup, it could provide an excellent opportunity for a Buy trade. Here's how to approach it:
Steps for Analysis and Trade Execution:
Identify the Pattern:
Previous Trend: The trend before the flag should be bullish (flagpole).
Correction Phase: A small, downward-sloping channel (the flag itself).
Breakout: Look for a breakout above the flag's resistance.
Confirm the Breakout:
Check if volume increases during the breakout.
Ensure the breakout candle is strong (a large body with small or no wicks).
Entry Point (Buy):
Enter the trade after the price breaks above the flag’s resistance.
You can also wait for a pullback to the broken resistance (now acting as support) for a safer entry.
Stop Loss Placement:
Place your stop loss below the recent swing low or beneath the flag’s support line.
Take Profit (Target):
Measure the length of the flagpole and project it upward from the breakout point to determine your target
bullish flagContinuation Pattern: The bullish flag is considered a continuation pattern, meaning it suggests that the price will likely continue to rise after the consolidation phase.
Volume: During the flagpole phase, there is typically high trading volume, indicating strong buying interest. During the flag phase, the volume usually decreases as the price consolidates.
Breakout: A bullish flag pattern is confirmed when the price breaks out above the upper boundary of the flag with increased volume. This breakout signals the resumption of the uptrend and is often seen as a buying opportunity.
In summary, a bullish flag on the daily chart indicates a temporary pause in an uptrend, followed by a continuation of the upward movement. Traders often look for this pattern to identify potential entry points for long positions
HBAR In Coming Days!The price is currently in a bullish flag or possibly an ascending wedge, which could cause the price to increase and rise up to the 0.618=$0.31 line.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
XRP BULLISH MOVE INCOMING???This is my analysis for XRP (potential bullish move incoming) obviously this is personal opinion let me know what you think in the comments and share your ideas BITSTAMP:XRPUSD
Monthly timeframe showed a break of a huge resistance level ( $1.96 ) on 01/12/24
Daily timeframe showed a bullish flag pattern
Looking closely at the Hourly timeframe the bullish flag pattern was broken (upward) price has come back down to the the flag which is also a support level (around $2.20 ). Price broke below this level 3 between 09/12/24 & 10/12/24 but came straight back above indicating 3 failed attempts to break support. This suggests we have more buyers at this level then sellers)
My personal opinion is a continuation in the bullish trend the past week or so we've been bouncing up and down but for me all signs point bullish for the next move.
Let me know what you think in the comments would love to bounce some ideas off of you wether you're bullish or bearish, everyones eye for the charts are different so we can all help each other ;)
DXY - Bullish Flag Breakout PatternAfter an explosive bullish move due to the US Interest Rates news yesterday the US Dollar Index is showing signs of relief.
This relief is also forming a Flag Pattern with the expectation being a breakout to the upside.
Not only is this flag pattern a bullish sign, but overall the market is providing us with more bullish signs as well making this a very interesting opportunity to keep an eye.
I'll walk yo through what I'm seeing and where I expect price to go if this trading idea works out.
Hope you enjoyed the video and I wish you a Happy Holiday's
Akil
Ethereum - bearish divergence alert - Dec 19th, 2024** Trigger warning - the following post may cause skin irritation and involuntary expletives **
The entire market is bullish on Ethereum.
All of social media is bullish on Ethereum.
The Motley Fool is even bullish on Ethereum (Huge red flag!!)
“Ethereum looks undervalued relative to its potential”
source:
www.fool.com
=====================================================
The TA:
Your only source of news should be the chart. The chart has a headline for you to read:
“Strongest bearish divergence print since the 90% and 80% crashes of 2018 and 2021”
Yes, the same specific settings used to track market pivots with divergence on Ethereum price action has printed once more.
On the above 8 day chart price action prints negative divergence with multiple oscillators over an 80 day period. The bear flag forecasts price action to correct until $700.
If you’re bullish on price action you have to reason why… why is this time different?
(Trump said... yes, would never mislead that one)
If you’re neutral on price action and considering a long entry, look left, is now that moment?
If you’re bearish on price action, well then you’re in poor company and public enemy number one. Welcome to my world!
Is it possible price action continues to rise? Sure! We’re in a bull market, din’t you get the memo?
Is it probable? No.
Ww
A8USD 12/18/2024A8USD Daily Chart Analysis
My initial analysis was spot on, with the first trade netting a +205% profit in just 1 week:
________________________________________
Current Analysis
BTCUSD appears to be in the early stages of a continuation of its long-term uptrend. If this holds true, altcoins could see substantial benefits, and A8USD shows strong potential to be one of the big winners.
• Initial Move:
After breaking out from an inverted head-and-shoulders pattern in late November/early December 2024, the price exploded +300% to all-time highs within 1 week.
• Current Consolidation:
The sharp move caused an overextension in price, leading to a Bull Flag consolidation over the past week, aligning perfectly with the 10-day EMA. This presents the first significant opportunity to enter long for those who missed the initial breakout move.
• Breakout Confirmation:
Today, price has confirmed the bull flag breakout by moving into all-time highs.
o The MACD is in bullish territory and already above its signal line, reinforcing strong upward momentum.
o The breakout into all-time highs indicates high demand with no immediate resistance to hold back further moves.
With momentum and demand aligning, we can anticipate strong upside moves as volume starts to flow in.
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Trade Setup (Long Position):
• Entry: 0.4526
• Stop-Loss: 0.2905 (-35.82%)
• 1st Target: 1.0727 (+137.01%)
• 2nd Target: Trailing the 10-day EMA on the daily chart.
________________________________________
Conclusion: The confirmed bull flag breakout into all-time highs, combined with strong MACD momentum and volume potential, signals that A8USD is positioned for another substantial move to the upside.