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Bullishpattern

Bitcoin - bullish rally is comingWednesday was special We rose strongly on inflation news..and We lost the rally with the interest news Yesterday there was positive news about PPI but the price decided to go sideways We are still above the 100, 50day ema We are still above the important 66k-67k Let's see the price interaction today Returning above 68,500-69,000 and a daily close will return the full positivity to Bitcoin, and it will only have 72k left to break it and then rise.. I am still waiting for a new ATH, and I will not change my opinion except by breaking 60k and weekly close below it Best regards Ceciliones🎯
by ceciliones
15
Ashoka Buildcon, Bullish Trend with Multiple ConfirmationsTechnical Analysis of Ashoka Buildcon Ltd. Overview: Ashoka Buildcon Ltd. has recently demonstrated a bullish breakout from a classic Cup and Handle chart pattern, supported by robust trading volumes. This pattern, known for its bullish implications, suggests a strong potential for continued upward momentum. Volume Analysis: A noteworthy observation in the volume analysis is the stark contrast in trading volumes during price movements. Each time the stock price declined, the volumes were very low, indicating weak selling pressure. Conversely, during price increases, the volumes were aggressively high, reflecting strong buying interest and investor confidence. Elliott Wave Analysis: According to Elliott Wave theory, Ashoka Buildcon Ltd. appears to have commenced the third wave of the third wave (wave 3 of wave (3) of wave ((3)). The third wave in Elliott Wave structure is typically the most powerful and significant, often characterized by rapid and sustained price advances. This suggests that the stock could experience a substantial upward trajectory in the near future. Technical Indicators: RSI (Relative Strength Index): The RSI is currently showing strong bullish momentum, consistently above 60 and 70 across daily, weekly, and monthly time frames. This indicates sustained strength and buying interest. MACD (Moving Average Convergence Divergence): The MACD is positively aligned across all time frames, reinforcing the bullish outlook. Cup and Handle Pattern: Breakout: The bullish breakout from the Cup and Handle pattern is a significant development, often indicating the start of a strong upward trend. Targets: Based on the pattern, potential targets can be projected by measuring the depth of the cup and adding it to the breakout point. Specific targets will depend on the exact dimensions of the pattern on the chart. Stop Loss: To manage risk, a stop loss can be placed just below the handle's low or the last significant swing low, ensuring protection against unexpected downturns, which is possibly in market. Key Insights: Chart Analysis: "The chart says everything; we just have to be able to hear." This highlights the importance of paying attention to the technical signals and patterns, which currently point towards a bullish future for Ashoka Buildcon Ltd. Bullish Outlook: With the confluence of strong technical indicators, a significant Elliott Wave setup, and a confirmed Cup and Handle breakout, the stock looks very bullish going forward. Investors should monitor the invalidation level at the last swing lows for risk management. In conclusion, Ashoka Buildcon Ltd. presents a strong bullish case with multiple technical factors aligning to support a positive outlook. The combination of high volumes on upswings, a robust Elliott Wave structure, and the Cup and Handle breakout suggest significant potential for upward movement. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:ASHOKALong
by RK_Chaarts
||BTCUSD|| SET TO REACH 80K IN THE NEXT MOVE!We are currently sitting in an interesting situation regarding market structure. Two bullish formations have been printed after the price broke out of the current flag formation, only to create one of the shoulders for the H&S formation as depicted in yellow. Two formations intertwined so perfectly is normally a great sign for the direction the formations dictate, as you are strengthening retail confidence, and bringing 2 groups of strategies together with a bullish sentiment. in order to be confident prices are to reach our targets, price must break the 71.6K mark and at least test it once. price does of course have to exceed all time highs of 73.9K which will be the last level of resistance before we move back into price discovery mode. I do not think the ATH will post much resistance based on the strength of current market structure. The MACD is also priming itself for a convergence run once averages break apart as they have been in consolidation for a couple days. Although my targets are set for both 81K and 87K I do expect price to get stuck once it reaches 80K as it does pose a strong psychological level of resistance. Thank you for your read, hope you found some new insights and perceptions on the BTC market structure.
COINBASE:BTCUSDLong
by Crisp_Flow
CVNA Big Bullish PotentialHey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights of what I find attractive in the technical layout of this setup: - Weekly Inverse Head & Shoulders / Cup & Handle - Momentum is leaning bullish (TTM_SQUEEZE) - Bought up from $20 demand zone - Daily Chart has ema cloud bounce - Decent Volume Accumulation Limits to this / confirmation needed: - Weekly ema cloud testing key area - Monthly Ema Cloud key level as well Closing Notes: I do believe that this technical setup is very strong. I also like that not many of the fundamentals & catalysts will likely play into this as Q3 Earnings just reported. This ER also swung a profit in EPS, and sent a pop in the stock adding to some positive sentiment surrounding NYSE:CVNA Overall I am looking to go long on a bullish retest of some sort and wanted to share a setup I have not seen in a while!
NYSE:CVNALong
by ZachSap
Day Trade Idea - Solona Bullish potentiality "This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions." Currently, the market is experiencing an uptrend, with Solana encountering significant resistance on the daily timeframe. Despite this, short-term analysis suggests there may be opportunities to benefit from a potential bullish movement. Investors should carefully evaluate market conditions and consider both short-term gains and long-term implications before taking any action.
Long
by EnmiloX
1
SWING TUTORIAL - EMAMILTDThe stock had found a Resistance zone @ 602 during Aug 2021 and had started a Lower Low Pattern ever since. Eventually finding its Support Zone @ 360 during Mar 2023 after 1 Year and 7 Months. At this point notice that the Lower Low Pattern in the Price Action, however MACD slightly started showing a Higher Low formation. Hence the Convergence Divergence indicating a good move upward and also the 1st confirmation upward. Finally in July the stock showed its 2nd confirmation once it successfully exited the Lower Low Pattern Trendline with a massive huge green candle. Thus giving us our 1st Entry point at this stage which took the stock as close to the previous Resistance zone @ 602 and a safe exit as High as 31% for the Trade as well. Another cool thing to note here is the Stock also retested the same breakout zone and the MACD as well was making a new Crossover, thus indicating another fresh Entry into the stock. This trade had eventually broken the 4 Year Resistance zone @ 602 with a large volume and taking the stock as High as 67% in returns as of today. What do you think about this Tutorial? Give your comments in the Comments Section below:
NSE:EMAMILTDEducation
by thepranam
WLD/USDT ABOUT TO BREAKOUT! Ready For A Big Pump!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. WLD looks good here. Forming an ascending triangle like structure and currently, trading inside. Accumulate in the green zone. Once it breaks out it will pump big. Entry zone:- CMP and add more up to $4.2 Targets:- $5.36/$6.44/$9.24/$12.2 SL:- Daily close below $4 Let's Discuss! What are your thoughts on WLD's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1