RSR forming yet another bull flag in 4HAfter moving in Downward channel, RSRBTC escaped out of 4H downward channel, it seems another rally is not far away
Bullflags
Potential descending channel for MMED?The green upward sloping line of support is potentially keeping a bullish flag in play here, but it appears as though downward pressure is indicating there may be a retest of the bottom blue channel where I have the red arrow pointing down.
KEY TAKEAWAYS
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
EURUSD 1.14251 + 0.37 % LONG IDEA * CONTINUATION PTTNS Good Day Everyone
A look at the EURUSD from the 4H chart the pair has been in a uptrend since breaking out of that descending triangle currently just broke out of a bullish flag which could be signalling a continuation to the upside on the pair.
the pair is currently retesting the bullish flag structure upon close this past week looking for continuation to the upside of this move. lets see how it goes will be holding the trade on swing for the week...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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$APT Bull Flag Breakout?$APT chart is attempting to breakout from the bull flag, which has potential to go up to $23 dollar range. First Target price will be $21, where is has resistance, and 2nd target price will be $23 dollar range, which is the height of the bull flag.
Bull flag or not ? Is this a Bull flag pattern or continuation of the downtrend channel ?
We will know soon :)
Chachain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
UTK BULL FLAGUtrust involved in a rising wedge bull flag
such a small market cap
mobile crypto payments
this should fly
the 2017 high was $1.44? omg
GDR when Moon?Current pattern is still very corrective, the 1st demand zone has been broken so now moves towards the second between 53p-60p. This would break the lower trend line so it would be likely just a wick to this zone. There is also a gap to close in 59p here.
Targets are still the same, as per previous chart the correction retraced more than 61% so initially would not count it in 5 waves to the upside but in 3 waves as ABC. Targets are the same for the net C wave 1:1 and 1:1.618. But consider to TP at 0.618 of the C wave as well if it truncates.
Does not need much to move this as the correction is way overstretched reflecting the delay in the news and should end here somewhere.
$NET Bullish Sign Breakout$NET has a nice breakout. TP will be range from $45 to $50 area in couple weeks. It will be about 20 to 25% gain.
RSI is indicating little over bought, but the MACD is looking bullish. It might pull back little and test the breakout price $38.50 in short term.
Bullish Flag or Descending Triangle for Gold?Since Gold has broken out of the ascending triangle & inverted H&S pattern from my previous post, I've noticed Gold is trading in a Bullish Flag or a Descending Triangle.
It's funny some large U.S banks like JP Morgan made a case for Gold recently, that's ironic considering some precious metals traders working for JPM pleaded guilty to spoofing Gold, no shame.
Possibly a rising wedge pattern in Green.
BSV reclaims the rangeBSV was trading in this range since early April. We lost it but have now reclaimed it while forming a massive bull flag.
I would wait until a candle close above the flag before considering an entry. But I think it's going to be ON.
KNC has the answer to when moon?DEFI tokens
They're hot, they're flagging, they're almost a license to print money right now.
AEBTC is flagging and reclaiming previous supportI've highlighted a few places to target for profit taking in green. I'm not taking this trade because I'm already balls deep in other trades but I wanted to highlight this for others to consider.
Possibly an Inverted H&S for Aleafia Health? In blue I have outlined a bullish flag or descending triangle, or possibly a falling wedge, it appears as though momentum is leaning towards the bears creating a series of lower highs, but the blue downward sloping line of resistance looks like it's about to be breached to the upside, and continued bullish price action could possibly create a inverted H&S pattern.
Only time will tell.
Bull Flag buy strategy.Hello Traders,
ADA / BTC trading idea
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Descending Triangle breakdown for Hive?It's unlikely this plays out as a bullish flag because the baseline of support has been breached indicating the pattern is a descending triangle.
Does technical analysis still work on Bitcoin?🔸 I'm continuing my experiment. That time I'll try to figure out which tools of classical technical analysis are still working on Bitcoin.
🔸 In my last idea, I considered trendlines from which price periodically deviates to take liquidity:
📈 This time, my attention was drawn to the downward channel on BTC, which perfectly fits "bullish flag" pattern - continuation trend figure.
⚡️ According to the rules, after consolidation in the channel, price must break through the upper border of the flag and cover distance equal to the price movement before forming the pattern.
☝🏻 I don't use this pattern in my trading strategy. Just analyzing statistics of successful ones.
Weekly BTC/USD sell-offs topping off at the 10K - 11K region.After consolidating in a symetirical triangle (begining week of 24 Jun '19 to the break down week of 23 Sep '19) and falling -30% during a 4 week period, there were 3 more dumps. 21 Oct '19 thru 18 Nov '19 (-34%) 10 Feb '20 thru 09 Mar '20 (-62%) 01 Jun '20 thru 29 Jun '20 (-15%). (The -62% drop IMO would have been closer to a -30% drop if Covid-19 were not a factor). This leads me to believe the trend of sell-off's has smaller percentages of downside action. Price action alone looks to be bulllish, with the majority of closes above the $9K in the past 50 days. This sideways consolidation in price is what bulls are looking for. Of course we would like to buy some BTC around 7K or 6K but the bears are loosing steam. Buyers will step in during Q3.
Bitcoin has closed above the 21/50/100 week SMA since 27 Apr '20. However the 21 SMA is below the 50 currently. A break of the 50 sends BTC/USD to $8.5 area. Bad news could drive a wick down to $5.3K. I look for strong support at $6.3K on the monthly. The EMA Ribbon is slightly bullish, the MAC D looks bullish, the RSI is neutral at 55.00 and the Stock RSI is gaining momentum to the down side. A -25% drop in the comming weeks? an inverted head and sholders could start to take form.
BTC daily volume has been consoludating in the 15B - 25B range for weeks, and has recently dropped to 12B witch is the lowest daily Volume since 13 Oct '19. (Volume in this market is too hard to gauage) But I know full well that when BTC is trading with low volume..... BOOM! big up or big down. There's a potential Bull flag on the monthly. If it plays out a quick test of the $13.5K region is very likely.
Down the line when the stock markets finally crash new $ will enter the crypto space. There are too many projects showing success with real use cases and partnerships. Countries, banks and large business are just now realizing the benefits of blockchain.
