🚀 UNI : Breaking from Bear Flags to Bull Wedge ! December 2021 marked a challenging period for Uniswap (UNI) as it navigated through a bearish flag pattern, experiencing a significant drop. Fast forward to the present, and UNI is staging a potential comeback. The charts reveal a pattern shift, transitioning from bearish flags to the formation of a much larger bullish structure—a falling wedge. Let's delve into this transformation.
Chart Analysis: UNI's Evolution on the Charts
In the closing months of 2021, UNI faced the bearish pressure of a flag pattern, resulting in a notable decline. However, the narrative takes a positive turn as UNI is now crafting a bullish story. A substantial falling wedge pattern has emerged, hinting at a potential reversal. The formation of this pattern, especially when larger in scale, often signifies a shift in market sentiment.
Anticipated Move: Falling Wedge and the Road to Retesting Highs
As UNI maneuvers within the falling wedge, chart analysts are optimistic about the potential upward trajectory. Falling wedges are typically regarded as bullish patterns, and the anticipation is that UNI might experience a breakout. Furthermore, market participants are eyeing a retest of upper boundaries post-breakout, a crucial step to validate the newfound bullish momentum.
Trading Strategy: Capitalizing on UNI's Chart Dynamics
Traders and investors observing UNI's chart dynamics may consider strategic moves within this falling wedge setup. Identifying entry points during the wedge's contraction phase and being prepared for potential breakout and retest scenarios could enhance trading strategies.
Conclusion: UNI's Chart Renaissance
Uniswap (UNI) is in the process of charting a new narrative, transitioning from bearish flags to the promise of a falling wedge. While past challenges are acknowledged, the evolving chart dynamics suggest a potential resurgence for UNI.
🚀 UNI Analysis | 🌐 Breaking Free from Bear Flags | 📉 Embracing the Falling Wedge
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What are your insights on UNI's chart evolution? Share your thoughts, trading strategies, and bullish expectations in the comments! 🌈🚀💚
Bearishpattern
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level.
But I trade BTC,ETH & ALts level by level regardless of beaish senerio
as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that.
But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc go to 80k$ its just manipulating.
My targets regarding Eth wil be 400$-700$.
i will buy it from there.
If you like my idea kindly like it and follow me
Thank You
Regards Hamza Shabir
SCARED?!?! SPY LOOKS VERY BEARIS HERE!SPY has reached the range highs and has shown signs of weakness not being able to breakthrough the highs. It has been rejected and is now at a vital dynamic support. If this break (which i think it will), a move to the golden pocket (orange lines) could follow.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
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This is not financial advice. This is for educational purposes only.
Setup for Head and shoulders pattern on the Daily. #BearishWe have a retest of the left shoulder. Using Fibonacci to get a targeted entry for the sell. Will scalp lower timeframes 5-15M. Looking for price to reenter the .618 level before looking for sells.
This is more of a long-term play. Be caution here.
The purpose of these posts are for educational purposes only. Nothing associated with this profile or post should be taken as advice to buy/sell any specific financial market. I nor anyone associated with this profile will accept any liability for any financial losses related to any content posted here. Trading is risky, so seek professional trading advice before taking any specific trades/investments.
Gold -> Missing The All Time High ChanceHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪
Looking at the overall picture you can see that Gold retested the previous all time high which was roughly at the $2060 level and from there just once again rejected towards the downside.
With this week's candle it also seems like Gold is breaking a major previous weekly structure level towards the downside so there I as higher chance that we will now see more bearish pressure on Gold.
And over the past couple of days there was a quite harsh sellof on Gold without any bullish rejection so there was no bullish setup as I was expecting - I didn't enter any long position and I am just waiting for new structure on Gold before I will look for new potential setups.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
GBPUSD Bearish Outlook?Last week, the GBPUSD pair consolidated, ranging between 1.23757 and 1.23532, with no significant changes to shift our bias. Technical analysis indicates a bearish outlook for the upcoming week, as the cable struggles to maintain its bullish momentum. The 20-day EMA acts as support for now, but its strength remains questionable.
On the 4-hour and 1-hour timeframes, the GBPUSD shows potential bearish signs. The MACD is below the zero line, and divergence from last week's analysis is still valid. The pair may break support and trade bearish unless critical resistance levels on the daily and 1-hour timeframes hold.
Fundamental factors also play a role in the GBPUSD forecast. While there is no significant GBP news, several high-impact USD events may cause volatility. Key events include CB Consumer Confidence, New Home Sales, Core Durable Goods Orders, Advance GDP, Unemployment Claims, and Core PCE Price Index.
In conclusion, the GBPUSD forecast for the coming week is bearish, with technical and fundamental factors contributing to potential downward movement. Traders should monitor key events and employ proper risk management while navigating the forex market.
Please hit the boost and follow for updates in the coming week. Thanks for doing just that!
📉Bearish Reversal Patterns & Showcase📉What are Reversal Patterns?
In trading, candlestick patterns are used to analyze the behavior of the market and identify potential opportunities to enter or exit a trade. Reversal patterns and continuation patterns are two types of candlestick patterns that traders look for.
Reversal patterns are characterized by a change in the direction of the trend. These patterns indicate that the market is likely to reverse its direction and move in the opposite direction. In contrast, continuation patterns signal that the trend is likely to continue in the same direction after a temporary pause or consolidation.
Reversal patterns usually take longer to form than continuation patterns because it's easier for the market to continue moving in the same direction than to change course. For example, if sellers are pushing the market lower, it takes more effort for buyers to turn the market around and initiate an uptrend.
A reversal pattern may occur after a period of strong selling or buying pressure, as traders become exhausted or the market reaches a key support or resistance level. Once this happens, traders who missed the initial move may see an opportunity to enter a new trade in the opposite direction of the previous trend.
However, for a reversal pattern to be considered valid, there must have been a previous trend in place. A sideways market cannot be classified as a reversal because it doesn't reflect a change in trend direction. Traders typically look for confirmation of a reversal pattern, such as a breakout from a trendline or a significant price movement in the opposite direction of the previous trend.
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MANA going down?Hi Guys,
In this Analysis, MANA is making a bearish head and shoulder pattern on 1D tf.
As you can see in chart that the VOLUME is also getting low.
So most likely, if it breaks the support and retest then a short entry can be considered.
If you like the idea then don't forget to hit the like button and follow for more easy trading setups.
Post your comments below.
Thanks
📉 4 Common Bearish PatternsIn trading, a bearish pattern is a technical chart pattern that indicates a potential trend reversal from an uptrend to a downtrend. These patterns are characterized by a series of price movements that signal a bearish sentiment among traders.
📍Bear Flag
🔸 A small rectangular pattern that slopes against the preceding trend
🔸 Forms after a rapid price decline (flagpole)
🔸 The pattern is completed when the price breaks below the lower trend line of the flag
📍Descending Triangle
🔸 A bearish continuation pattern that forms with a horizontal support line and a descending trendline
🔸 Forms as the price reaches lower highs, while the lows remain at the same level
🔸 The pattern is completed when the price breaks below the horizontal support line
📍Rising Wedge
🔸 A bearish reversal pattern that forms with a series of higher highs and higher lows
🔸 The pattern forms as the price moves up in a narrowing range
🔸 The pattern is completed when the price breaks below the lower trendline
📍Triple Top
🔸 A bearish reversal pattern that forms with three peaks at the same price level
🔸 The pattern forms as the price reaches resistance at the same level multiple times
🔸 The pattern is completed when the price breaks below the support level, which connects the lows between the peaks
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Price Action Candlesticks Cheatsheet — The Best Patterns!These different price action patterns are great for various situations. They can be identified at a Lower time frame or Higher timeframe, pick a chart and start looking at the candles!
If you identify any of these in a chart you are looking at today, feel free to share them below.
Here is a little more about bullish and bearish candlesticks:
Bullish and bearish candlesticks represent opposite market sentiments in technical analysis.
They are used to identify the buying and selling pressure in a financial market, and help traders to predict the direction of price movement.
A bullish candlestick is represented by a green or white candlestick that has a long body and a short wick or no wick. A long green or white body indicates that the closing price of the asset is higher than the opening price. It signifies that buyers are in control and that there is bullish sentiment in the market.
The longer the body of the candle, the more significant the bullish sentiment.
On the other hand, a bearish candlestick is represented by a red or black candlestick that has a long body and a short wick or no wick.
A long red or black body indicates that the closing price of the asset is lower than the opening price. It signifies that sellers are in control and that there is bearish sentiment in the market.
The longer the body of the candle, the more significant the bearish sentiment.
Traders use bullish and bearish candlesticks to identify trend reversals, support and resistance levels, and to confirm other technical indicators.
When a bullish candlestick pattern appears after a series of bearish candlesticks, it may indicate a potential reversal of the trend.
Conversely, when a bearish candlestick pattern appears after a series of bullish candlesticks, it may indicate a potential reversal of the trend. No single candlestick should be used to make trading decisions, and traders should always consider other technical indicators and fundamental analysis before making any trading decisions.
BTC moves on Bearish Expansion TriangleAs per my 3-4 days old analysis, BTC moving at the pattern of Bearish Expansion Triangle waves, and after today 9th Feb. Divergence it will going to complete final wave, towards $22,500 to $21,500..
Lets see, what's next move..
But be prepare, February mostly under pressure of Bearish Zone..
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AUDCHF - Break or channelThe pair has been trading in ascending channel, but currently from the 1HTF Perspective price is forming Lower highs and lower lows which is an indication of change in the preceding trend. Expecting the break of channel ,then a Retest or a possible continuation pattern for the move to the downside.