DE could breakout only if....?NYSE:DE is trying to hold above to break out of its bull flag. This is one of the companies that a lot of investors would run to if there's a sector rotation out of tech. With a 1.19% dividend and potential growth ahead, you could see DE attempt to test the resistance around 418.
Bullish Case - There is little to argue in favor of a bear case for this ticker today. With the bull flag at the brink of a breakout, if not already breaking out, this could be a 425 ticker in a short amount of time. I would like to see the price above 408.39 to take a safe entry to the upside and consider profits at 418.
Bearish Case - The sell-off at the end of the day could signal that the market is exhausted when it comes to DE. If it breaks the level of 397.06, we could see an attempt to fill the imbalance below to 400 or as low as 390. Right now, this looks like a failure swing for the upside when it pushed back down below the bull flag breakout.
Conclusion - DE is in a bit of a no man's land. When it pulled back, it formed what could be the beginnings of a harami candle pattern. Though you could argue this could be a breakout retest, it's too close for comfort, making the bear case seem more relevant. It's safer to take the trade above 408.39 than to be too presumptuous. We have to see where it goes from here.
Bullish above - 408.39
Bearish below - 397.06
Bullflags
Bitcoin CME Futures Gap Filled!Traders,
One more negative indicator has been eliminated. You'll remember that in yesterday's post I pointed out this gap created a couple of days ago. 99% of all gaps are filled, and they are usually filled sooner rather than later. To have our gap to the downside filled so quickly is rather bullish IMO. We now have a new pivot high on our daily charts on Bitcoin as well as many/most altcoins, and we are forming what appears to be bull flags on many of these same charts.
Stay tuned as always. You know where to follow me for all the latest trades. I don't always post everything here.
Stew
HSY - Bull FlagHSY emerged from an 11-month sideway consolidation on 15th March and began a strong uptrend since.
A bull flag is now apparent there could be opportunity to trade the breakup (if it materialises). However, the trend is rather extended at the moment hence it is prudent to trade a smaller size at this juncture.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Bull flag on GOLD?Hello
Gold is forming a bull flag . Target 2140-2180 .
10EMA on daily is supporting the price nicely. As long as that holds , I'll stay bull .
$2075 is golds ATH were we can see some resistance .
Also gold has been forming this MASSIVE cup and handle for 11 years . Which would suggest that gold will go for a longer bull cycle . Maybe even double in a few years
Check out my january "I think bitcoins bottom is in" analysis
-Jebu
XRP owners don't care what the FED says, or does!Since the FED was created in 1913 the US Dollar has lost it's gold and silver backing, is printed out of thin air and has lost over 98% of its value. No matter what these shysters attempt to do, it doesn't make any difference at all because XRP holders know that the Dollar is going to "ZERO... ZERO!"
Will BTC reach 30K+ or it will dump? BTCUSDT updateHi dear community my loyal followers, I hope you are fine.
Let me update BTC current situation and my expectation.
This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-.
At the moment, you can see on the chart that BTC has created Bullish megaphone chart pattern/Inverted symmetrical triangle/ and tested its upper line where there is significant, one of the strongest resistance/.. There are BB, FVG zone, 0.38 fib level, 21 monthly EMA, diagonal resistance+ horizontal resistance/ etc. Look at bellow attached charts also to understand what I mean.
I expect BTC to break 1h bull flag reaching 28.6K/attached bellow/ , which will be fake breakout of bullish megaphone chart pattern / a lot people will open long positions, at the same time BTC sweeps liquidity above 27.8K then we' will see strong rejection and correction starts. When BTC reaches 28.6K , BTCD will be at 48-48.5K at main resistance/attached bellow/, where it will drop and during this BTC correction , we'll see mini altseason.
Pay attention that volume is decreasing while price is rising/bearish divergence/ also there is bearish divergence at daily OBV which doesn't support this pump)). I expect BTC to drop 22.6-22.8K where there is OB+FVG + 0.618 Fib zone, if BTC can't hold the mentioned zone it will dump to 20.5K. During this drop price will react at 25.2K small bounce, then drops to 0.5fib level/23.6K/ again bounce/this level could hold as well/ and drops to 22.6-22.8K taking out IDM/sweep liquidity/
Also keep your eyes at 23.6K 0.5 fib level, which is mid range of megaphone chart pattern. there is chance it can hold as well, but more likely 22.6-22.8K will be reached.
After the mentioned scenario we'll see new highs, at the moment I can't tell you 22.6-22.8K will hold or not, we'll see BTC reaction at that point.
Please don't forget to like, follow and share my ideas. I will appreciate any kinds of support.
NLST $3.71 TargetNLST has continued to rally since the the break out on 2/13,
The RSI spiked at 85 before retreating out of oversold territory and closing just over 70. This is very bullish.
Price closed above the 2.61 Fibonacci level on higher than average volume after testing the prior gap at $2.55
Price will likely find support at $2.55 and currently appears likely to make a bull flag/pennant pattern.
Short term target $3.71
$AUDIO - Bull Flag breakout @ Daily TFMusic token $AUDIO spent days consolidating forming bull flag and now breaking out of it. It still need some more volume thrust to give us a clear picture for entry, maybe once it crosses yesterday's closed price of 0.3690 we can go in it. Till then I will an eye on the price direction and the volume factor.
ZECUSDT is creating a bullflagZECUSDT had a breakout after an accumulation period, but was subsequently rejected by the daily resistance level. The rejection from the resistance level may be indicative of strong selling pressure or a lack of demand for the cryptocurrency at current prices.
However, the price of ZECUSDT is currently creating a bull flag pattern. A bull flag is a technical chart pattern that occurs when the price of an asset experiences a sharp upward movement, followed by a period of consolidation with a slight downward trend. This pattern often signals that the price is poised for another upward movement, and may indicate strong demand for the asset.
In order for the price of ZECUSDT to continue its upward trend, it will need to create a breakout from the bull flag pattern as well as the daily resistance level. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
FTMUSDT ANAYSISHi Guys.
It is FTMUSDT .
I think it is Bullflags in FTMUSDT 4H.
And I give you target price also.
Have a nice day.
Thank you.
LRCUSDT is testing the resistance inside the BullflagThe LRCUSDT pair recently experienced an impressive bounce from the daily demand zone at the 0.2$ level.
The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market.
A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart.
Traders and investors who follow technical analysis may look for a potential breakout above the daily resistance at the 0.42$ area, which could signal a continuation of the uptrend and potentially offer new buying opportunities.
According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the LRCUSDT market.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐