BAT/USDT THE WHALE COIN ON NEW RUNDepending on last-day trade data BAT/USDT shows new interest for a new cycle run.
This known whale coin can show some new results in the coming time.
Our follow-up will be on it to see how it can reflect.
Bat
SMCI Battered Stock SyndromeI've seen this stock in the news a lot about some accounting irregularities (which have apparently existed for a long time with this company). Last time these allegations surfaced was August 2020 (stock is up 1000% since then).
Anyway, wisemen on the daily, momentum divergences and harmonics look bullish here, so I'll take a small pre-earnings gamble on some otm december calls. Probably due for a relief rally right now and a strong earnings report after the close today could help close the gap around $50.
GBP/NZD Hits Highest Level Since 2016: Is a Move Down Ahead?The GBP/NZD is currently testing its highest price in recent years, nearing the significant resistance level of 2.1900. This area has served as a notable barrier since 2016 and often sees increased selling interest. The price action in this zone, combined with the emergence of a harmonic pattern, suggests a potential reversal or correction. Furthermore, recent price movements, particularly the candles from October 30 and 31 breaking below the low of October 29, indicate rising bearish momentum, reinforcing the possibility of selling pressure in the near term.
Bat Harmonic Pattern Structure
A Bat harmonic pattern is developing in the GBP/NZD chart, providing additional reversal signals near historical resistance:
Point X: The starting point of the move, at a previous significant high.
Point A: The bottom of the initial correction.
Point B: The price retracement to the 38.2% level of the XA extension.
Point C: The second correction reaching 88.2% of the AB move.
Point D (Potential Reversal Zone): Near 2.1847, aligning with the 88.6% level of the XA extension and the resistance at 2.1900, indicating an optimal area for potential sell opportunities.
The Bat pattern suggests a crucial resistance level where buyers might struggle, especially considering the proximity to historical highs.
Price Action Analysis and Sell Signals
Recent price action further highlights selling interest:
Selling Pressure at Highs: The October 30 and 31 candles broke below the October 29 low, signalling possible exhaustion of the bullish trend and indicating increased seller interest. This behaviour raises warning signals for a potential short-to-medium-term reversal.
Potential Move Down Ahead
Given the convergence of the harmonic pattern and historical resistance, a short strategy is advisable between 2.1800 and 2.1900. Here are critical points to consider for GBP/NZD:
Potential Sell Zone : The resistance between 2.1800 and 2.1900 represents a prime short zone, combining the D point of the Bat with historical resistance.
Primary Target : The support around 2.1400 corresponds to the B region of the Bat formation, typically the first target when trading harmonic patterns.
Secondary Target : Should a breakout continue, the next significant support is near 2.1000, coinciding with the C level of the Bat formation.
Traders should remain cautious of any breaks above 2.1900, as this could indicate a breakout above a crucial resistance level on the daily chart.
Conclusion
The GBP/NZD pair is in a complex technical setup, presenting potential opportunities for short positions due to the confluence of the Bat harmonic pattern and the historical resistance at 2.1900. With signs of selling pressure evident in the recent price action, especially following the candles on October 30 and 31, traders should closely monitor this region as it may signal the onset of a correction.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
IMAGE, Bullish RectangleBullish Rectangle
Inverted Bat Formation
Reversal from Rectangle Top at PRZ of Bat
Now making new bullish leg
Buy at Retracement
Buy Level 13-14
Target 17-17.50
SL 12.50
Buy on Bullish Closing above Rectangle
Hindalco - Forming BAT PatternHindalco gas completed BAT pattern formation.
It may take rally up to
Target1: 740 to 760
Target2:823 to 865
Time Frame by beginning of Dec'24
GOLD LONG VIEW...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
USD/CHF Bearish Setup: Technical Analysis & Trade OpportunityPattern Formation: Bearish Bat Harmonic Pattern:
The USD/CHF is currently forming a Bearish Bat Harmonic Pattern, which suggests a potential reversal to the downside. The pattern is nearing completion at a key resistance level, providing a strong setup for a bearish entry.
Key Resistance and Fibonacci Confluence:
The pair has received a significant rejection from a crucial resistance zone, which aligns precisely with the 0.786 Fibonacci retracement level. This confluence strengthens the bearish outlook, indicating that sellers are defending this area effectively.
RSI Analysis:
Bearish Divergence A clear Bearish Divergence is evident on the 4-hour Relative Strength Index (RSI), further supporting the bearish sentiment. As the price makes higher highs, the RSI is making lower highs, indicating weakening bullish momentum and signaling a potential reversal.
Trade Setup:
Entry, Stop Loss, and Take Profit Levels
Entry Level: 0.86325
Stop Loss: 0.86955
Risk Management:
The stop loss is set slightly above the resistance level to protect against false breakouts and unexpected volatility.
Take Profit Targets:
TP-1: 0.85695 - This level provides a conservative target for traders looking to secure initial profits.
TP-2: 0.85065 - A medium target that aligns with further downside potential, giving room for extended profits.
TP-3: 0.84435 - A more ambitious target for traders expecting a deeper retracement.
Conclusion:
The USD/CHF pair presents a compelling bearish setup based on the Bearish Bat Harmonic Pattern, resistance at the 0.786 Fibonacci level, and bearish RSI divergence. Traders should monitor price action near the entry point and follow proper risk management, as outlined in the trade setup.
AUDJPYBearish Bat Pattern Appeared
Currently market is facing horizontal resistance
buy at break of resistance
target at point D
Buy with Buy Stop Order
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you.
On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency.
Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance.
Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern .
I expect Dogecoin will fall to $0.119(at least/-10%) .
Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDCHF SELL 0.8706On the daily chart, USDCHF stabilized and rebounded in the short term, and bulls have the upper hand. At present, we can pay attention to the resistance near 0.8706 above, which is a potential short position of the bearish bat pattern. In addition, this position is near the pressure of the downward trend line. If the price breaks through the resistance near 0.8748, the bullish trend will start.
EURJPY Bullish Bat pattern: Forecasting an Upside moveHello traders,
A number of harmonic patterns are surfacing today. Here is my analysis of a clear bullish Bat pattern spotted on the EURJPY Pair. The Bullish Bat pattern is a harmonic pattern used in technical analysis to predict potential reversal zones. The EURJPY pair has formed this pattern with the following parameters:
X = 168.022
A = 170.293
B = 168.940
C = 169.976
D = 168.302
Here's the breakdown of the Fibonacci relationships for this pattern:
AB Leg: Retraces 38.2% to 50% of the XA leg. Point B at 168.940 confirms this.
BC Leg: Retraces 38.2% to 88.6% of the AB leg. Point C at 169.976 confirms this.
CD Leg: Extends 161.8% to 261.8% of the BC leg or retraces 88.6% of the XA leg. Point D at 168.302 confirms this and is close to the 88.6% retracement of the XA leg.
In summary, the points X, A, B, C, and D fit within the Fibonacci retracement and extension levels for a Bullish Bat pattern on EURJPY. This indicates a high probability of a bullish reversal at point D (168.302), which also qualifies as a good support zone for price.
In addition, my Elliott Wave analysis suggests the pair has completed the corrective wave ABC to the downside. I'm anticipating an impulsive move to the upside towards 169.70 and 170.31. Let's watch out for confirming price action.
Cheers and happy trading.
ETHUSD Potential Bearish BatOn the 4-hour chart, ETHUSD stabilized and rebounded in the short term. At present, we can pay attention to the resistance near 2680 above. After reaching it, we can pay attention to the potential bearish bat pattern. If the price breaks through the resistance near 2728, the upward trend will begin.
USDCAD 2-hour cycle short sellingThe first target is to look around 1.35270,reduce the size of the warehouse by half,and promote protection.
Look around 1.34222 for the second target position,then halve the position and push for protection.
If the price does not break a new low in the later stage,find opportunities to enter the market and go long.
AUDUSD 2H Buy longAUDUSD 2H Buy long
Reason for going long:Chart trading system (up channel ) + Harmonic pattern (bullish bat pattern) + Volume distribution trading system +SMC order block strategy (bullish order block) + Price trading behavior (waiting for confirmation of bullish candlestick pattern)=Going long
The entry level for AUDCAD is around 0.92000,and the stop loss level is set at 0.91800.
The first target is around 0.92786,halving the warehouse and promoting protection.
Look around 0.93300 for the second target position,then halve the position and push for protection.
Look around 0.93888 for the third target position,then halve the position and push for protection.
Follow the tail position and reduce the positin for protection.
Bullish BAT Supported by Volumewe have a bullish formation of BAT pattern on NYSE:NU which is supported by relative volume.
✅ Target 1 : $14.25
✅ Target 2 : $15.07
⛔ Stop Loss: $13.5
Have a good weekend! 🫡✌️
01/10/2024 - XAUUSD - Bullish Bat PatternAs of October 1st, 2024, XAU/USD (Gold) has formed a bullish bat pattern, indicating potential upward movement. Here’s the trade plan:
Trade Details:
Entry: Based on the bullish bat pattern and divergence in the Potential Reversal Zone (PRZ)
Stop Loss: Below support level
Take Profit Target: 1:1 ratio
Target Price: 2650
Reason for Trade:
The bullish bat pattern, combined with divergence in the PRZ, suggests a strong potential for an upward move. The target is set at a 1:1 ratio with stop loss placed below the support level for effective risk management.
Disclaimer : This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Bajaj Finance - Bullish BAT formation ready for 8200Bajaj Finance - Bullish BAT formation is confirmed.
It has crossed 20 EMA & also completed Target1 range to reach 7600.
Now net it will move to 7800 & then 8200.
GBPCHF 30 minute short sellingGBPCHF 30 minute short selling
Reason for short selling:Chart trading system (downtrend channel) +Harmonic pattern (bearish bat pattern) +Trading Volume distribution trading system +Supply and Demand theory (bearish order block) +Bearish Pinbar=Short selling
The current price of GBPCHF is around 1.12629.Go short directly and set the stop loss level at 1.12960.
The first target is around 1.12100,halving the warehouse and promoting protection.
Look around 1.11500 for the second target position,then halve the position and push for protection.
Follow the tail position and reduce the position for protection.
GBPJPY- Bearish BAT Pattern Harmonic pattern- Bearish BAT pattern
GBPJPY pared most of its gain on the weak Pound sterling. It hits a high of 195.18 yesterday and is currently trading around 193.315. Overall trend remains bearish as long as resistance 196 holds.
The near-term resistance is around 193.50,a breach above targets 194.25/195/195.97. Major trend continuation only above 196. The immediate support is at 193, any violation below will drag the pair to 192.50/191.50/190/188/185.85
It is good to sell on rallies around 192.78-80 with SL around 193.60 for a TP of 190.20.
DXY Update for this week
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
GBPJPY upside target 204.9On the daily chart, GBPJPY continues to rise, and the short-term bullish trend is obvious. At present, GBPJPY is expected to continue to rise in the future, and the upward target is the previous supply area of 203.8-208.1. After reaching it, you can pay attention to the potential bearish bat pattern.
BHEL - Forming BAT or ButterflyBHEL has moved below 20 & 50 EMA.
Also it has closed below Lakshman Rekha to confirm BAT pattern formation.
Possible targets - 283 / 270 / 250 / 230.
Bearish BAT on NNDMScoped this Bearish Bat forming a while ago and wouldn't youknow it. NNDM makes another aquisition to push the stock up. Let's see if it completes.
