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Bullish Flag

🚀XRP🚀 The Monthly Flag Pattern 📈📊 The Flag Pattern: The flag pattern is a technical analysis formation that often indicates a continuation of the current trend. It typically consists of a strong price movement (the flagpole) followed by a consolidation phase (the flag) that forms a distinct shape on the chart. 🏁 A Familiar Sight: XRP enthusiasts might feel a sense of déjà vu because the monthly chart is showing signs of yet another flag pattern formation. We've seen this before in XRP's historical price action. 📈 What It Could Mean: The flag pattern is generally considered a bullish continuation pattern. If history repeats itself, this formation might suggest that XRP is gearing up for another bullish run. 🔎 The Importance of Confirmation: While patterns like these can be exciting, it's crucial to remember that technical analysis is just one piece of the puzzle. Confirmation from other indicators and fundamental factors should be considered before making any trading decisions. 🌌 The Crypto Journey: The crypto market is known for its unpredictability, and every move should be approached with caution. Risk management and thorough research are your allies. In conclusion, the appearance of another flag pattern on the monthly XRP chart is an intriguing development. It hints at the possibility of a new bullish phase, but it's essential to use it as one tool in your analytical toolbox. Stay tuned, stay informed, and remember - the crypto world is full of surprises, and each chart pattern tells a unique story! 📊🚀 ❗See related ideas below❗ Follow + Like this post and share your thoughts in the comments; your engagement fuels the crypto conversation! 💚🚀💚
BITSTAMP:XRPUSDLong
by Yaroslav_Krasko
GOLD, Breakout The Bull-Flag-Formation, Confirming The Trend!Hello, Traders Investors And Community, welcome to this update-analysis about GOLD, there are some new meaningful signs in the current formation and price-action which I detected, the last time I mentioned GOLD I recognized an important bull-flag-formation within the structure if you did not see this analysis I recommend that you go to my account and have a look on it. The last hours we saw GOLD breaking out the current bull-flag with good volume and volatility, that is overall all an excellent sign for more continuation to the upside which I mention here with the targets integrated. We are looking at the locally 4-hour time-frame. As you can see in my chart GOLD has still this strong rising-resistance-line above which serves as a highly important resistance in the structure. First of all, it is a good sign that we broke out of the bull-flag which you see in my chart, the next time it is within the high likelihood schedule that the bull-flag will be confirmed with a pull-back of the higher boundary of the bull-flag before moving higher after the confirmation. If the confirmation happens the next time this will be a good place to open a conservative long-position with a stop-loss below 1710 level, it is wiser to wait on the confirmation here than to rush in the trade as there is still some resistance above. After the confirmation happened we can expect GOLD to move higher to the first short-term-target at 1775 which you see marked in my chart in grey after this target is reached we can expect that gold will have a smaller correction to correct its upward-move before moving higher and finally reach the overall full-bull-flag-target which you see in my chart at the 1790 level. This target also matches coherently with the rising blue resistance line and building a bearish confluence zone there. On the longer time-frame, I observed that GOLD is trading in a possible big inverted head and shoulder formation in which we are forming the right shoulder currently but this has to be confirmed properly and when it does we have a good sign to move higher in price action. On the fundamental side, we have the overall stock-market which is declining and this is almost always a bullish sign for GOLD to move higher as the history showed already several times. When the corona-restriction do not increase in the country's again I do not see much of resistance for the growth of gold in the middle-term-basis, remember that when these restrictions increase or we get a second wave of corona-fears on the global-economy it can affect GOLD also as it affected the whole market-landscape, in this case, we need to be prepared and consider the changed situation again, therefore we need to do not get overly speculative and see the situation as it is because that happens fewer and fewer in today's markets. Thanks for watching, support for more market insight, and all the best. There are many roads to prosperity, but one must be taken. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
TVC:GOLD
by VincePrince
21
Adv. Micro Dev. (AMD) -> Breakout TimeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Advanced Micro Devices. Just 9 months ago - after a quite harsh drop of more than 60% - Advanced Micro Devices perfectly retested the 0.786 fibonacci retracement level and reversed towards the upside. With the overall trend still being massively bullish I am now waiting for and expecting a bullish breakout of the current flag pattern with my upside target being the previous all time high. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AMDLong
by basictradingtv
40
Twilio is consolidatingNYSE:TWLO has a nice bull flag as a falling wedge. If general stock markets continue upward move, then we see a break within a couple of days. Otherwise we may have one another leg down before breaking out. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NYSE:TWLOLong
by WhaleGambit
2
The Rollercoaster Ride of Pound AustraliaAs we approach the final week of August, brace yourself for potentially one of the most volatile periods this month. The market is signaling its intentions as I navigate my way through twelve pairs, making the selection process a challenge. Nonetheless, let's dive into the Pound Australia, and I'll even introduce two additional currency pairs for your benefit. 📊💹 Pound Australia reveals an intriguing story on the weekly chart. With new highs being set, the prospect of Pound Australia hitting 2.0000 as a significant milestone isn't far-fetched. The candle's accelerating gradient signifies a robust market movement. 🚀 The daily, four-hour, and one-hour charts echo this bullish trend with broken resistances and new highs. Despite this, you might wonder about the trading opportunity. In fact, immense profit potential lies in the development of these trades. For those acquainted with trading, conduct your own analysis on Pound Australia using UTC+3 as your timeframe to align with my insights. And if you seek clarification or wish to share your analysis, the QR code will connect you to our community of like-minded traders. 💬🌐 Returning to the weekly chart, let's unveil why Pound Australia holds importance this week. For those eyeing a shorting opportunity, the completion of the bearish crab pattern at 2.1276 is on the horizon. Although reaching this level, let alone 2.0997, may take some time, the potential is undeniable. Stretching my trade upward could yield significant rewards, with a projected 1,419 pips. However, it's not just about the pips – there's a compelling rationale behind this trade. 📊📉 On the daily chart, buying opportunities beckon when a market retracement occurs and retraces back to 1.9330. Patience is key in engaging these trades. The four-hour chart presents less at the moment unless a trendline retest triggers a definitive level, possibly in the weeks to come rather than the immediate future. 📈📉 Now, onto the exciting prospect – the one-hour chart. This week, a bullish flag pattern will unfold, offering immediate trading opportunities. Engaging this pattern involves meticulous strategy, be it through an aggressive setup with stops below 1.9808 (utilizing my secret formula), waiting for a breakout and subsequent retest, or a blend of both. While seemingly simple, the bullish flag pattern demands a well-thought-out approach to ensure your trade's success. 📊📈 In the realm of the 15-minute chart, where volatility rules, the Pound Australia might be considered insane to some. However, driven by the substantial potential rewards, I'm willing to navigate this territory. A red eclipse serves as a warning signal for the setup, but immediate buying opportunities at 1.9841 might emerge, especially on a Monday. Keep your eyes peeled for a magic candle confirmation at this level to secure a promising trade. This could be an incredible setup before wrapping up the year. 📈💰
Long
by RaynLim
CTRM High Tight Bull Flag in Consolidation LONGCT CTRM jumped about 20% with earnings in my idea published as that was occurring. It is now in consolidation for two days on the 30 minute chart in what appears to be a high tight bull flag pattern. These patterns are typically predictive of a bullish continuation with decent reliability. The continuation can can be as much as the height of the flag pole which is about 0.13 and so a continuation could be in the neighvborhood of 13/57 or about another 22% higher. My trading plan is I will buy when price breaks above the flag's parallel channel with a stop los below the channel. If there is a breakdown I will consider going short with a stop loss above the parallel channel. Longside my target will be 20%. If I go short, I will target a 50% retracement and so about 10%. For the time being, CTRM is on my penny-stock watchlist as a long trade.
NASDAQ:CTRM
by AwesomeAvani
Bitcoin - Explosive breakout, watch this bull flag! Bitcoin is forming a bullish flag pattern or a wedge pattern on the daily chart, and that's why we can expect an explosive breakout in the immediate short term! The question is, when is it going to be? I would say this or next week, because the price could still touch the upward yellow trendline. But the decision will be very soon! Bitcoin is bullish because the price is above the yellow trendline and above the 200-day simple moving average. They are pretty close to each other. This moving average is considered strong support / resistance by huge institutions and hedge funds. It can also be a 200-week MA or a 200-month MA. They are pretty good. The target of this bullish flag / wedge is the white trendline. Make sure you take profit here because we could crash from this point! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Usually September is a bearish month, but we still have almost a month. Bitcoin usually pumps in 1-3 straight candles when no one is expecting it. It can be really fast! XRP also reached a strong support that can send it to higher prices, specifically 1.7 USDT per coin. It's a good time to buy it! I remain bullish on BTC, but on the intraday chart, we could still have some imbalance and wicks to take liquidity before going to 32k. Let me know in the comment section what you think about BTC. I look forward to your comments! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
133
Bitcoin prediction 2028 (Fibonacci channel, must know)! This is my projection for the next 5 years. Bitcoin always rapidly grows after the halving event. But around 16 months after the halving event, Bitcoin started to crash significantly. On the chart, we can see a very important Fibonacci channel on the LOG scale. The 0.618 FIB is always a strong level, and bitcoin hit it almost to the dollar in 2022. Take a look at it! We deeply need to keep this Fibonacci channel in mind. The strongest FIB levels are 0.618 and 0.382. 0.618 + 0.382 = 1. Bitcoin loves these Fibos. Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the exponential party. 100,000 - 120,000 in 2025 is a realistic target! Bitcoin is a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants. As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"! Bear markets and crashes: 2011 - 93.75% 2014 - 86.94% 2018 - 84.22% 2022 - 77.57% 2026 - 71.67% ?
Long
by UnknownUnicorn2537518
119