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Bullflagpattern

XRPUSDT is creating a bullflag 🦐the price got a rejection from the monthly resistance on 0.91$ after a bullish impulse. After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$ how to approach? I'm monitoring the price, I'd like to see a clear breakout from the bullflag. After the breakout I could see a rejection from the 0.78$, it's a monthly one. If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
14
LUNAUSDT is testing the 80$The price had a breakout from the descending channel from the daily timeframe and now the market is testing the 80$ as new resistance. On the 4h timeframe the price is creating a W pattern and we could see a retest of its neckline around 0.5 - 0.618 Fibonacci level before the new bullish impulse. How to approach? We are monitoring the price, if the market is going to have a clear breakout from the 80$ resistance and flip into new support, we can apply our rules for a new long position. If the price is going to have a retracement until 0.5 - 0.618 Fibonacci level, we can wait for a bounce a look for a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
4
Up, up and away!The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below. According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying this instrument and holding it until the end of the year could be difficult because of the volatility decay. Take care!
MIL:3CFLLong
by p4917
GUFIC BIOSCIENCES 1:3 🎯50% trade.NSE:GUFICBIO Broke out of rectangle consolidation pattern and now price gave retest + confirmation. Bullish signs- Big volumes on breakout and on the buy side. Price entered virgin territory with this consolidation and breakout. Recent support from 30 week MA. Low volume red candles. Pattern is of a bullish flag type. Stock has already delivered multibagger returns of 2000%. One can enter entre position at C.M.P with a big sl in view of a taking a positional bet for next 1-6 months. Targets: 275/320/375/400+ Place wide sl below 200 Trail sl if trade goes our way. Position size accordingly. HAPPY TRADING!
NSE:GUFICBIOLong
by PriceActionSpotter
AUDNZD on a bull flag? 🦐AUDNZD on the 4h chart is trading below a weekly resistance. The price is consolidating in a bull flag and according to Plancton's strategy IF the market will break above and satisfy the academy condition we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
19
CRO could hit a massive run any day nowWith the tightening of the bull flag pennant (or so what I see it as), I see CRO popping off anytime soon. With further bullish divergence on the 4 hour chart at our current low, I see this as further support for the idea. This rally could be brought by news or simple reversal. Targets are above 1$, however I would be cautious, as I see us having strong resistance at all time highs. I currently have a trade active at the moment with a target of 0.8$ This is not financial advise.
COINBASE:CROUSDLong
by ASA2001
1
ALGO/USDT- Direction: Bullish - Pattern type: Continuation - A bullflag can occur within the context of a longer uptrend and following a steep upward move. Following this steep move the pattern the forms a short horizontal OR downward sloping channel shaped like a flag. In the stock market de flag portion of the pattern shouldnt last longer than 3-4 weeks on a 1D chart. But since cryptomarkets move much faster the pattern could still show strength and be valid. - Important support - Potential bullflag - Need volume for breakout - Volume diminishing troughout pattern - DEC 24th good entry; 1. RSI crossed SMA on 21st/22nd of december 2. MACD crossing upwards with first green candle in histogram 3. Volume slightly increasing while bulls are winning 4. Bollinger band was crossed + 4 candles, then wait for confirmation from RSI, MACD, and Volume - RSI is getting supprt from SMA14 - Still potential bullflag - Nice retest for support $1.45 zone - If the volume can keep increasing up until above average with, a close above the upper descending trendline drawn across the highs, this would be a confirmation of the breakout. - To set the target you'd have to measure the price movement of the previous steep move that led to the flag and then add that amount to the current price at breakout. EMA's: The last significant cross was EMA9 crossing all of the others (50, 100 and 200) downwards while the EMA50 gave a false signal, seemed to cross the EMA100 downwards but then immediatly turned around and crossing EMA100 upwards right after. EMA9 has also crossed als of the others upwards now. next step would be the EMA50 confirming the 100 cross upwards. After that we should see al the EMA's change direction into an uptrend and providing support for the trend continuation.
Long
by AnitaDollar