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Bullish Flag

Bull FlagSuku has formed a nice bull flag here after breaking out of its falling wedge. Confluence: Golden cross on the 50/200 day MA (dotted), and has been sitting in between the 50 and 200 day EMA for 40 straight days now, and is one of few in the crypto market that has yet to break above its 200 day EMA. Targets remain the same as on my previous post. We could even see 15 cent area near the 200 day SMMA since this has been dragging out so long. Previous posts are here and here: Higher targets near 15.6, but awaiting channel break: Original falling wedge post: Long-term, but long-shot hopium chart:
COINBASE:SUKUUSDLong
by dudebruhwhoa
2
Bitcoin - The bottom is not in! 15k or 10k (careful) Everyone thinks that the bottom is in and we are going to a new all-time high, but in my opinion, that's definitely not true. In this analysis, I will tell you why! First of all, we need to take a look at the huge dump that occurred in 2021–2022 (from 69k to 15k). From the Elliott Wave perspective, it's most likely an impulse wave, not a corrective wave, because there are no overlaps between swings and the price action was extremely steep and bleedy. Also, there are no triangles in this structure whatsoever. You may say that it's not an impulse but a WXYXZ triple-three corrective pattern. It's possible, but in my opinion, these patterns tend to have more sideways price action than steep. You may also say that it's an ABC correction, but there are clearly 5 waves. We should be in a major corrective B wave followed by a major C wave, which should end between 15k and 10k. I am not saying we will reach 10k for sure, but we should at least take liquidity below 15.5k to complete the ABC correction. That means if you buy Bitcoin now, you will experience a big drawdown on your account. 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 post trade setups privately. 10k is a strong psychological level, and there is plenty of reason to buy Bitcoin here. 0.618 LOG FIB retracement and the start of the GAP are definitely reasonable targets. Right now, we are clearly in an uptrend on the weekly chart, and Bitcoin could reach 30k to 40k. The invalidation point for this analysis is 45k. If we reach this level, then I am wrong and I will buy BTC and ride the bull market to 150k. Targets will be specified for sure in one of my next analyses, so make sure you follow me and my updates! The potential reversal point for this major corrective wave is, in my opinion, at 30k (strong horizontal support and POC) or 39k (0.618 LOG FIB). Then we should go down to 15k at least. Also, if we take a look at the previous price action from 2018 - 2020, we had an exponencial pump from 3k to 14k followed by an exponencial dump from 14k to 4k. But we didn't take liquidity below the 3k level. This time I expect liquidity to be taken below the 15.5k level. I hope this analysis is clear for you, and considering the upcoming recession and upcoming stock market crash, it's also possible to go down to 15K from a fundamental perspective. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
189
A Cup and Handle on Pegasystems! Potential of +50%NASDAQ:PEGA Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today's preferred interaction channels, from the traditional call center environment to Internet self-service. The company's customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications. A cup and handle has been formed on Pegasystems. I dont need to tell much, the chart is telling everything. I am waiting for the breakout of the bullish flag (handle), then a small entrancement to enter. We expect to see resistance at 49 - 51, then at 54 - 56, then a move to 70. Let's get it!!! Many thanks for the amazing mentorship from @Market-Snipers
NASDAQ:PEGALong
by bellaSoussa
TSLA: Dangerous Reaction in a "No Man's Land".• TSLA did a Bearish Engulfing candlestick pattern yesterday, and it is back to its 21 ema area; • If TSLA loses this 21 ema, it could seek the next support at $187 again; • TSLA is still in a congestion, and only a breakout of the $187 would reverse the bullish sentiment; • On the other hand, it has to break the previous resistance at $214 in order to trigger this Bullish Flag and seek higher levels; • So far, TSLA is in a ”no man’s land”, and any reaction inside this congestion shouldn’t be taken too seriously; • What if TSLA loses the $187? Then the next target would be the gap around $146; • TSLA is dangerously close to its support level, and the way it reacts in this area might dictate if we’ll see a downwards breakout or a bullish continuation to the resistance at $214. Either way, we’ll have our answer soon. I'll keep you updated every day on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: A Bottom Pattern Above a Critical Resistance.• TSLA corrected last week, but it seems it just dropped to hit its support at $187, and now, it wants to bounce again; • Last Friday, TSLA confirmed a bottom sign, as it broke the 21 ema again (which worked as a resistance last Thursday), it broke Thursday’s high, and it filled the previous gap at $198.52 (making it an Exhaustion Gap); • All these bottom signs above the $187 line might indicate a further bounce; • In theory, TSLA could climb to the next resistance at $214, but as long as we stay inside this congestion, between $214 and $187, TSLA won’t trigger any new movement indicating a continuation of the bull rally or a bearish reversal; • This congestion could be a flag of a Bullish Flag chart pattern, and if TSLA breaks the $214 again, it’ll trigger this bullish continuation pattern. In this scenario, the first mid-term target would be the $237, which is a previous resistance in the daily chart, and it is near the 61.8% Fibonacci’s Retracement in the weekly chart; • Only if it loses the $187 it might frustrate this bullish thesis. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
XRP - Final 50% crash, life-time opportunity to buy! XRP will give you a life-time opportunity to buy for an extremely cheap price, around 0.18 USDT! It's going to happen probably very soon, so make sure you are prepared! This is a whole chart of XRP from 2016 to 2023. As you can see, the massive pump in 2017 was very strong, and right now XRP has been consolidating in this bullish regular flat pattern (3-3-5). My calculations say that we are at the end of the pattern, specifically in wave 5 of wave C. If we look at the local price action from 2022–2023, we can spot a bearish head and shoulders pattern. The bears are going to send XRP lower, to around 0.18 USDT. What's more, there is a falling wedge pattern. It's hard to see a breakout at this moment, and it's likely to hit the bottom of the wedge instead. Which is a 50% drop. We should find a support at the bottom of the falling wedge! This is your once-in-a-lifetime opportunity for a 20x profit in the next few months / years. 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 post trade setups privately. We don't know how the pump is going to look, but you will not have too much time to enter because the market moves aggressively to the upside while going sideways very slowly. I expect a huge green dildo on the weekly and monthly charts. This analysis is like no other. No one will give you an Elliott Wave count on XRP from the beginning. If you know about anyone, let me know in the comment section; I want to follow him. My plan is to buy/long XRP around 0.18 USDT for a 20x minimum gain. I am telling you it will be a massive pump, and for the best feeling you want to be in the market. The bears have been waiting for an incredible 5 years, but you do not need to wait; you can simply catch the bottom and take advantage of the massive pump in a short period of time. After that, you can buy some tasty Japanese wagyu. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
48
We going to 35000 this year and 220000 in 2025, proofA bit late- but FED won't be printing money this year, they will figure out inflation is sticky and just do it next year. Gold and Bitcoin, similar assets will do well. The chart of this year looks eerily similar to 2019. Have a look: Top: 2017 Dec 18 - 19700 2022 November 10 - 69000 Exactly four years. Bottom: 2018 Dec 15 - 3650 2022 Nov 22 - 15650 Again, four years. 2019 June: 13,9k 2022 May: 35k Again, four years. Guess when the next top is?
Long
by Heartskull
ETHUSDT | Wave Analysis | Massive Bull Flag +70%Price action and chart pattern trading setup: > A potential ABC correction reversal pattern with MACD bullish divergence below baseline > The price is currently trading between SMA20D vs SMA50D > The current C wave position retraced 0.786 of A wave with a bullish inside combo pattern > Entry @ pullback SMA20 zone > TP1 @ bullish inside price action combo +25-30% near upper bull flag resistance and slightly above SMA200D > Stop @ C wave position -10-12% downside > Risk reward ratio: 2:1 If the price breakout this massive bull flag - this will confirm the new uptrend 1-2 pattern and the flag resistance will become the support with an estimated +70% upside from the current trading price. Always trade with affordable risk and respect your stoploss
Long
by dukeposh