Bearish Flag
Bearflag - MANA-USDT (Decentraland) please read
Above, there is a bearflag that has formed over the last few months📆⏳
we are currently testing the bottom of this structure, if we break down↘, I have some targets listed above on chart📉🆗
Mana (currency of Decentraland ,)💧👨🦰👧👦🏬 is a token that is used to buy and sell virtual land in this metaverse much like Sandbox .
Decentraland current marketcap rank is #54 , with 734million dollar valuation and only about 8,000 DAU (daily active users) 👇👇
This is not a lot compared to other metaverse worlds like Sandbox 🛕🏝🏟 with almost 40,000 users a day and Alienworlds 🖖👽🛸 well into the millions of registered users...
This has concerned some holders and users as of recent, and we are looking for more traction around this metaverse to manifest.
As for now, the fear in the market being high and prices at record lows, we can expect to see further decrease in price before a recovery.
3HR view ☃⭐
Weekly view 👀👋
Related article⏩ futurism.com
🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Jazerbay ☯
Thank you so much!
Bitcoin + Crypton (CRP) - This hidden GEM will 100x!
Crypton (CRPUSD) is a hidden GEM with a 100x profit potential. I recommend buying this coin before it's listed on exchanges!
The current rank is only #895 on coinmarketcap; that's why there is a huge opportunity for growth!
This coin is extremely powerful, not like others. Focus on low-cap coins with great potential.
After purchasing this coin, it is important that you inform your friends and others about it so that the price rises and the opportunity for massive gains increases rapidly.
Crypton (CRPUSD) chart: The coin is holding its value extremely well during this massive bear market. The technical analysis is very strong!
----------------------------------------
Coin: Crypton - CRPUSD
Potential profit: 100x (10,000%)
CoinMarketCap rank: #895
Crypton current price: 0.64 USD
Market cap: 4,736,720 USD
Volume in 24 hours: 222,977 USD
----------------------------------------
What is CRYPTON?
Crypton (CRPUSD) is the monetary unit and digital currency of the Utopia P2P ecosystem. It is a decentralized cryptocurrency where transactions are instant, irreversible, and completely untraceable. When Cryptons are sent, the Peer-to-Peer network of Utopia confirms the transaction immediately, without delay. There is no centralized, or decentralized, authority capable of reversing a transaction on the Utopia network. uWallet balances of Cryptons cannot be seized or even identified by any authority. Crypton transactions are completely anonymous and cannot be tracked on the blockchain. Only the sender and receiver have any record of a transaction. Newly mined Cryptons are distributed every 15min block to nodes helping to maintain the network which meet the minimum requirements.
What is UTOPIA?
Utopia is an ecosystem designed to protect the privacy of interactions and to preserve the security and confidentiality of each participant's personal data. The network went live on November 18, 2019, and is supported by the people who use it, based on Peer-to-Peer (P2P) technology. With no central server involved in data transmission or storage, it has no single point of failure and is truly decentralized. Each node, including your Utopia client, transmits network data using secure Curve25519 high-speed elliptic curve cryptography. The data transmitted cannot be intercepted by any third-party, only the recipient is able to read it. All personal account data is stored on a Utopia user's local device in an encrypted file using 256-bit-AES encryption. Utopia enables users to bypass online censorship and firewalls, allowing them to freely communicate and interact with whomever they want, whenever they want. Users can privately send instant text and voice messages, transfer files, play games and create censorship-resistant group chats, channels, and websites, as well as make and accept payments denominated in Utopia's fully integrated digital currency, Crypton.
-For more ideas, hit "Like" and "Follow", right now!
NIO: You must be aware of this KEY POINT! [Trend Analysis].• NIO is still trapped inside a Bearish Flag chart pattern, which we already mentioned in my previous analysis (link below this post);
• In theory, this is a continuation pattern, and since the long-term bias is bearish, NIO would trigger it downwards and seek the next target around $5;
• What’s more, NIO is quite close to the 21 ema in the weekly chart, another resistance level, and doing a Hanging Man candlestick pattern (so far);
• However, in the daily chart, the trend is bullish now, as NIO is doing higher highs/lows and it is above the 21 ema (which is pointing upwards);
• If NIO triggers another bullish pivot point by breaking the $14 area, it will probably break this Flag upwards, and in this scenario, the next resistance around $21 becomes the target;
• Therefore, the $14 is the key point here. It all depends on how NIO will react near this price level. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
CROMPTON GREAVES COTTON looks weak here below 350 levels.CROMPTON GREAVES COTTON looks weak below 350 levels after forming a bearish flag pattern. Got rejected from 377 levels coupes of times which can act as a Resistance going ahead.
DISCLAIMER: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
AMD in a bear flag.Advanced Micro Devices - 30d expiry - We look to Sell a break of 55.48 (stop at 59.11)
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 57.17 should result in a further move lower.
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 46.46 and 43.46
Resistance: 64.00 / 69.00 / 78.00
Support: 57.20 / 54.60 / 50.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AUDCHF: Bear Flag With Double MACD Hidden Bearish DivergenceWe have a Bear Flag with Double MACD Hidden Bearish Divergence while the RSI rests on the edge of the Bearish Control Zone. We have broken down a previous flag under similar conditions before. This time if we break down my target will be the 0.886 Fibonacci Retrace below.
NIO: Trading around a CRITICAL RESISTANCE! What's next?• We see a Bearish Flag on NIO, however, this pattern wasn’t triggered yet (and we can’t tell if it’ll be triggered);
• As we discussed in our previous study, it did a bullish reaction just above the support, and it reacted just to hit our resistance, the upper line of this Flag. The link to my previous analysis in below this post, as usual;
• As we already mentioned, only if NIO breaks this upper line, it’ll completely frustrate this Flag, and it’ll reverse the bear trend;
• Either way, it is good to see it breaking the 21 ema with such strength. We don’t do that since September;
• Although NIO is trading near a critical resistance, there’s no top sign on it yet, indicating a pullback. If we see one, it might retest the 21 ema, or even the base-line again;
• The situation is critical (again), and the next movements will tell a lot about how NIO will perform in the next weeks, maybe months. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
Potential DeFi Bearflag Testing 88.6% Retrace as ResistanceI'm currently not so optimistic about DeFi products and believe that it will be the weakest sector in the crypto market so I have been taking and looking for bearish trades within the DeFi Market and Matic, along with ETH right now appears to be in a position where they could crash and lose a lot of their respective values.
Bearish flag resulting in 10k Bitcoin
Bear flag:
Short term:
Bitcoin seems to have a systematic bounce from its current bottom in the 40k range, where the consolidation zone may bring k the price to the 45k range where the over-arching trendline is crossing and continuation to 49-51k.
In the short term can we see a bottomed out MACD and an bottomed out RSI with room to reach levels of 45k and 51k range.
Long term:
After re-touching 45k and 51k ranges, would the price crash downwards as buyers have taken profit at these two price ranges.
The bearish flag is formed and the the over arching trend is found once again on this down sloping trendline.
Price movers which pushes the price downwards are:
- The recession warning from Fed, impacting eg. the housing bubble
- The supply-chain crisis impacting the economy negatively, eg. the food prices negatively
- Increased oil prices
- War time
These factors in a period of economic slow down will make people less likely to invest in cryptocurrencies to keep dollar in their wallets. Here is there a negative correlation between DXY (Dollar Cost Index) and the price of Bitcoin.
These reasons may cause the price of Bitcoin to follow the bearish flag formation resulting in a strong downtrend and reaching prices of 20k and 10k.
NIO: Trading in a Critical Support Level! What to expect next?• NIO is in a critical key point right now, around the support level of a Bearish Flag chart pattern;
• Since last week, NIO has been dropping while the volume was low, a sign of weakness;
• If NIO triggers this bearish flag, it’ll resume the bear trend and the next technical support for it would be the purple trend line in the weekly chart, below the $8;
• In order to avoid such bearish scenario, NIO must react as soon as possible, and do a bullish sign above its support in the daily chart;
• Only if NIO breaks this Flag Pattern upwards I see it reversing the bear trend;
• For now, let’s pay attention to these lines. NIO was a great stock to trade a few weeks ago, but for now, I’m cautious and I would wait for a clear sign before assuming anything,
Remember to follow me to keep in touch with my analyses!
LUNC Weekly Bearish Cycle Projection ProgressionWe've come a long way from the top of the previous projection (marked in light orange) and are now 78% of the way complete. From the looks of things we are setting up to make another push to the downside in relation to the projected price action; especially as the DeFi sector within crypto continues to underperform the rest of the market.
TSLA: We nailed the TOP! Is there a BOTTOM now?• We nailed the previous top on TSLA, thanks to the dual-confirmation of the Bearish Flag (1h) + Resistance at $198 (D). The link to my previous analysis on TSLA is below this post, as usual;
• Now TSLA just hit its technical support at $177, as expected. There’s not a single bullish reaction on it yet, but if we see one, the timing would be perfect;
• By losing the support at the red line, TSLA would just resume the bearish sentiment, and the next target would be something around $150 - $130;
• The volume is very low, and TSLA is just very weak at the moment. What if it reacts and triggers a reversal? The $198 would be the next target, as this is our main resistance to break in the short-term. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my analyses!
USDJPY range boundUSDJPY is the only pending order I have at the London Open today.
The consolidation is growing and the energy will be building for a breakout soon enough.
The Daily trend has been lower of late and the higher time frame has a Bear Flag pattern that is growing the longer the consolidation occurs, with a target for TP1 @ 135.86
Currency pairs have been reversing their daily momentum this week, so I am leaving the USDJPY to buy on too. Just in case this is not a consolidation before a breakdown but an accumulation phase.
TSLA: Another BULLSEYE! What to expect next?• Since our last analysis, TSLA hit our target around $179 with an astonishing precision, and now it seems it wants to bounce again (the link to my previous analysis is below this post, as usual);
• In the 1h chart, it seems TSLA is in a bull trend, as it is doing higher highs/lows, and it triggered an IH&S chart pattern as well. However, I noticed recently that it might be trapped in an Ascending Channel, which could become a Bearish Flag;
• In order to avoid a bearish scenario, TSLA must react as soon as possible, and break the $198.55. As seen in the daily chart, this key point was a previous support, which is working as a resistance now;
• In addition, if it triggers the bearish flag by losing the support at the purple trend line, it will frustrate any bullish thesis;
• Therefore, the key points to watch are the purple trend lines and the $198 area. The next movement will probably be dictated by the breakout of one of these two lines.
Remember to follow me to keep in touch with my analyses!