Get started

Bearish Flag

QNT could also be breaking upward from a monthly bearflagQuant has been hitting multiple double bottom breakout targets in a row on the daily time frame (not shown here) which has taken price action up and above a channel (in red) that I have also been watching on the daily chart. It was after I noticed Gala appeared to be breaking up from a bear flag on its weekly chart that made me decide to flip my qnt chart to the weekly time frame as well, and sure enough, the channel was attached to a long bear pole on the weekly chart making it also a bear flag. If it does break up from the flag the breakout target takes price back up to this blue inv h&s neckline and would then complete the right shoulder…which is the price movement I’ve been anticipating ever since we reversed trend back to the upside, so this measured move target from the flag leading directly back to the neckline makes a lot of sense and adds good bullish confluence….you can see I also have another little dotted green line going slightly higher than the one I put the price tag on. The slightly higher one was when I included the wick in the length of the flagpole and the one closer to the neckline is without including the wick…hard to say which one is more valid as of now. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
1
Will gala break up from its current bear flag?We can see here on the weekly char that Gala is in a bear flag with a very long pole. We can also see that the flag is the shape of a descending channel, a pattern that tends to break upward. When we see a descending channel as a bearish flag it is usually an indication that bears are starting to lose steam.,,,how much steam they are losing will determine whether or not the descending channel wins the dominance battle and it breaks upward or the bearish flag maintains dominance and the pattern breaks downward. If this flag were to break upward instead of downward, the question then becomes will it break upward and then head the entire measured move of the flag but in the bullish direction? Or will it simply just head to the smaller target of the descending channel itself. It’s hard to say but just in case I have put both potential bullish targets on the chart. One other thing it could do is reach the bullish breakout target of the channel and then pull a 180 and still break down below the flag and head to the bearish breakdown measured move target of the flag even after reaching the channels bullish breakout target. Seeing as how the rest of the crypto market recently has begun to see bearish momentum dwindling, I think the bullish outcome has slightly more probability at the moment. Also the measured move for the bear flag breakdown would be negative 20 cents….typical negative targets are a clue that the bullish direction is more likely….always possible for a breakdown to happen at the end of bearish momentum that doesnt hit 100% of its target though. If we take a look at the current volume candle, it is the highest weekly volume candle on this charts history and it happened during a bullish impulse…which is yet more bullish confluence here to suggest a break up from this bear flag is very feasible. *not financial advice*
G
by DrDovetail
4
Cardano bearish flag TGT 0.3055The Trader! This analysis is based on the idea of a bearish flag. As the analysis visualizes, the red resistance and green support lines encircle this flag formation. In addition, a series of resistance levels are drawn at 0.3997, and 0.3866 respectively. In addition, a number of support levels are plotted at 0.3651, 0.3471, and 0.3256. In addition, the idea is based on a bearish breakout where a target at 0.3055 can be determined with the help of the tool, Fibonacci. This analysis can therefore conclude that Cardano has the potential to reach a bearish target where speculators could consider creating a short position on the crypto market. I hope this analysis was instructive and that it can be used to consider where the price of Cardano is potentially headed.
Short
by Aksel_Rom
Axie infinity heading towards top trendline of bearflagIf it were to break upwards from its bearflag like we have seen other cryptos in a similar pattern do recently such as solana its measured move breakout target is over 6x! No guarantee it will though and often times after several cryptos have already hit their break out targets the alt coins that are lagging behind don’t always hit their full targets. A correction is bound to happen in the near future after such a pump so must tread carefully on this one..I was dollar cost averaging and bought a decent amount the current low so I’m good no matter which way it heads. It is clearly mirroring the bearflag pattern seen on other game based alts like gala, sand, mana, and then also ones found on solana and qnt. *not financial advice*
COINBASE:AXSUSD
by DrDovetail
3
BTC: BEAR FLAG! DUMP AHEAD!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is pumped very well in the last few days. It touched the $19k level. Now, what's the possible scenario from here? Let's discuss it in this analysis. As you see in the chart, BTC is forming a bear flag in the daily time frame and currently, at the upper trendline of the flag. I'm expecting a rejection from here. $19k is a crucial resistance level for BTC. If we get a weekly close above $19k then this flag will be invalidated and then we might see another rally up to the $22k level. But as long as BTC is inside this flag, I'm expecting a dump from here. What do you think about this? Let me know in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
18
DOTUSDT $8.5 is a worthHi traders, I'm showing to you a more comprehensive daily chart after a weekly from yesterday w/ the Fisher Transform oscillator to approach one more undoubtable signal in confluence to the price action monitorized by the downtrend condition below 20 Volume Weighted Moving Average plus Fibonacci Retracement hidden strategy which uses the 14.6% golden ration subdivision level to a highly assertive target. 8.4USD is a worth and, during that trend volatility, a lot of desinformation will came with a potential dopamine explosion along propaganda content from YouTubers exchangers' employed guys. There's not pure predicting here but a highly concise technical analysis based on strong confluences correlating price and volume in a educative form - don't means that I predicted the future. And I'm not an identitarian fanboy, so I don't care about sentimentals.
Short
by firmestudio
7
NIO: The Most Important Support is Here! 👇• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction might jeopardize a bearish sentiment, at least for now. It all depends on how it’ll react in the daily chart: • Yes, NIO triggered a Bearish Flag, and as far as I know, it is just doing a pullback to the lower purple line again, before another drop; • If NIO enters the Flag area again, and does a clear bullish structure, it’ll most likely frustrate this bearish pattern, and seek the next resistance in the weekly chart, which could be either the 21 ema or the upper trend line; • Either way, NIO looks promising. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
Bearish Flag on USD/JPY @ D1This bearish flag pattern has formed on the daily USD/JPY chart as a part of a wider long-term downtrend. The pole and the flag borders are shown with the yellow lines. The stop-loss level (the red line at 133.126) is set to the highest point of the flag area. The take-profit level (the green line at 126.221) is set to the pole's length subtracted from the stop-loss level. I will open this position only if the currency pair closes significantly below the flag's lower border.
Short
by AndriyMoraru
2
$RBLX - Continuation of Stage 4?Dear all, In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein). I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s). Roblox had a gap down 15dec on big volume, price is now trying to fill the gap. While it is trying to fill the gap it is forming a potential bearish flag. If the gap is filled, price would coincide with the decling 50dma, AVWAP from recent high and the downtrending resistance line (since august). When this point is reached (and only when), and price is resisted at the 50dma or breaks the flag, this could be a good entry for buyings some puts (3 months out). Possible stoploss could be the long term downtrending resistance line or 50dma. Things to consider for a stage 4: - weak overall market :check - declining 30 week Ma :check - declining 10 week Ma :check - 10 w underneath 30w :check - Loss of trendline :TBA Extra reasons for stage 4 decline: - Big volume on down days - Gap downs - Resistance of AVWAP of important dates
NYSE:RBLXShort
by UnknownUnicorn7024067
UPS- Continuation of stage 4 decline?Dear all, In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein). I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s). This is the case for UPS. After a last few good months for UPS, a possible bear flag is forming that coincides with a support/resisistance level and a downsloping 50d sma. The AVWAP of the latest High and Low are also above the current price, giving extra pressure for a downturn (since the sellers are in control). Things to consider for a stage 4: - declining 30 week Ma :check - declining 10 week Ma :check - 10 w underneath 30w :check - Loss of trendline :TBA I will open some puts (3 months out) when the price breaks $173.3 or the striped support line. Possible stop loss could be the 50d SMA or the AVWAP of the low.
NYSE:UPSShort
by UnknownUnicorn7024067