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Bullishpattern

Expected continuation diamond pattern formationA continuation diamond pattern, also known as a diamond bottom or bullish diamond, is a technical analysis chart pattern that usually occurs during an uptrend and signifies a temporary pause or consolidation before the price resumes its upward movement. It's considered a continuation pattern because it typically results in the continuation of the existing bullish trend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
BSE:ASALCBR
by hardeepssethi
SHIB ANALYSIS🔮 #SHIB Analysis - Breakout 🚀🚀 💲💲 There is a breakout of falling wedge pattern in #SHIB in weekly time frame. $1150 is a crucial resistance level and if #SHIB holds this level then we will see the price range of $1500 in next target. 🚀🚀 💸Current Price -- $0.00001061 📈Target Price -- $0.00001800 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #SHIB #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
🔥 🚀 BTCUSD Bullish analysis 43k moving) 🚀💥Hello traders what do you think about btcusd? crypto trader's now see a bullish pattern channels 🔥 breakout trade line) now I think 💬 43k next target analysis 🎯 Turning to the Bitcoin price chart, the currency's bullish momentum is evident. After a period of consolidation, Bitcoin has experienced a swift and decisive upturn. The price has successfully maintained a position above both the 50-day and 200-day moving averages, a strong indicator of sustained bullish sentiment. The moving averages are fanning out, which is often interpreted as a sign of strengthening momentum.
Long
by SMC-Trading-Point
2
BTCUSD Weekly UpdateWe need to break above 44-46 to go higher. ● Below 40K we nuke to 38 and potentially flush to 34K. ● Whales are de-risking here, they are still net-long but potentially sell the news event. ● Alts going up where BTC is ranging is not healthy. ● If BTC goes down, Alts could nuke, so make sure to take profits on Alts because there is a good chance they go lower. As mentioned I am cautious about January but bullish 2024 Crypto. So remember markets can experience strong flushes in bull markets and your alts can go 50% down in a day. Welcome to the last cycle, good luck.
by TheArabianWhale
LINK: Sweeping lows to Grow Faster 🚀💰Let's unravel the latest dynamics of Chainlink (LINK) as it navigates the crypto seas with a distinctive flair. LINK is currently dancing within an ascending channel, and recent liquidity sweeps above the upper boundary signal intriguing possibilities. Here's a breakdown of the current scenario and what traders might expect in the upcoming chapters. 📊🚀 Analyzing LINK's Chart: Ascending Channel and Liquidity Game Ascending Channel Dynamics: Charting the Trajectory: LINK is gracefully traversing within the confines of an ascending channel, showcasing a structured upward movement. Technical Significance: Ascending channels are often indicative of bullish trends, with higher highs and higher lows characterizing the pattern. Strategic Liquidity Sweeps: Breaking the Chains: Recent moves have seen LINK surging beyond the upper boundary of the channel, executing strategic liquidity sweeps. Fueling the Surge: The clearing of liquidity above resistance levels, often driven by stop-losses, acts as fuel for potential upward acceleration. Trading Strategy Insights: Retesting the Waters: Ideal Scenario: A retreat to retest the channel's upper boundary around $12 would not only validate the breakout but also offer an optimal entry point. Pooling Liquidity: A potential drop to $12 can attract liquidity and set the stage for a robust upward move. Catalysts for Growth: Stop Loss Dynamics: Recognizing that stop losses act as accelerators for upward movements, the market may capitalize on these fueling mechanisms. Key Levels: Keep a keen eye on critical levels, especially the retest around $12, for potential trend confirmation. Price Projection: Optimistic Outlook: In the event of successful retests and sustained bullish momentum, LINK could eye a significant hurdle at $20. Conclusion: Chainlink's dance within the ascending channel, coupled with strategic liquidity sweeps, sets the stage for an exciting chapter. Traders are advised to observe the potential retest around $12 as a strategic entry point, acknowledging the role of stop-loss dynamics in fueling rapid upward movements. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
AUDUSD Yearly Trendline BrokenHi Traders! AUDUSD has broken its yearly trendline resistance as the bulls have taken over. Here are the details: The yearly trendline is now broken. Since the break and close above the 20 EMA, the price action has looked very bullish. Our plan is to buy the market dips by looking for an entry near the trendline resistance and an exit near the mid-year range resistance zone. Preferred Direction: Buy Entry Level: 0.66532 Stop Level: 0.65089 Target Level: 0.69418 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
Confluence / Best Fit Theory I've always had a strategy of using horizontal support and resistances as well as finding a downwards and upwards trendline that can be duplicated and still hit multiple swing points amongst different timeframes. Think of it as angled supports/resistances. After having all these lines on the chart you can quickly see how often the various crosses act as a magnet for the price, but the lines create too much "noise", so I decided to turn my lines into channels. I then noticed the areas where the different zones crossed stuck out even easier and decided to mark them with circlesm After all the rough marks I thought it'd be interesting to plot a rough line trying to stay near the middle of each "column" treating the circles as a magnet for price. I'll update as time rolls on, but I think there's enough here to make this a pretty decent strategy!
Long
by brettjessen
1
AVAX Continued its Upward TrajectoryAvalanche (AVAX) Despite Bitcoin's recent decline to the $40,000 mark, AVAX has continued its upward trajectory this December. In the last fortnight, the asset has surged by 66%, hitting a new annual high at $42.96. Currently, AVAX is undergoing a correction, with its price hovering around the support zone of $32.7-$34.7. The key resistance level to watch is $38.4. If breached, the coin might retest the higher resistance zone of $40.7-$43.0. The future course of AVAX will heavily depend on Bitcoin's trend. A continued downtrend in BTC could potentially drag AVAX down to new lows, possibly to $30.5 or the $26.2-$28.4 level.
Long
by DEXWireNews
December E-Mini Dow Jones Index Futures Weekly ChartDecember E-mini Dow Jones Index futures continued the uptrend that saw a break above the resistance line formed by connecting the high in January 2022 with the high in July 2023. With CPI, PPI, and a Fed announcement this week, there are certainly enough possible catalysts to turn this market to the bearish side. The MACD showed a bullish cross about a month ago and is not indicating a slowdown in momentum. The RSI at 62 on 12/8 indicates that there still may be room for price to continue bullish. Should the uptrend continue, a possible target (and resistance is the previous high of 37,906. A reverse to the downside might see the 61.8% Fibonacci retracement level (34,790) as support. Please Note: Commentary and charts reflect data at the time of analysis (12/08/23). Market conditions are subject to change and may not reflect all market activity.
CBOT_MINI:YM1!
by Tradovate
Look At That Textbook Bull Pennant On The Bitcoin Daily ChartWould you just look at that beautiful, textbook bull pennant on the Bitcoin daily chart! You can't get much more textbook than that. What I am thinking based on this chart is that Bitcoin will make at least one more big rally this week up to that big supply zone between $47K-49K. How this move happens has yet to be seen. We know that none of us have a crystal ball as much as we may think we do, and we need to take the data one candle at a time, but this is looking pretty bullish to me for the week. Now, I fully expect Bitcoin to have a pretty major correction once we get to that supply zone. That bearish order block was formed at a pretty strong level so I fully expect for people to take profits in this area and looking for Bitcoin to make a correction, or at least some good consolidation so that we have a chance to repack our bags for the next moon shot. We are still a few months off from the mining rewards being cut in half and anticipation is building. The ETF talk has got the markets all stirred up, so I am just taking it one day at a time. Be safe out there in the crazy crypto markets! Nothing is set in stone and this is only my somewhat educated guess on what I see happening this week! Trade Logically!
COINBASE:BTCUSDLong
by thelogicaldude
2
MONERO Rockets Forward: Bullish Cup and Handle Pattern 🚀 !In the dynamic world of crypto, Monero (XMR) has recently unfolded a powerful chart pattern that has traders buzzing with excitement. The emergence of a Bullish Cup and Handle on the daily timeframe signals the potential for a significant upward move, with a target set at $188. Chart Analysis: Cup and Handle Unleashed Bullish Cup and Handle Formation: Monero has gracefully crafted a classic Cup and Handle pattern on the daily chart. The Cup and Handle is a potent bullish continuation pattern, suggesting a potential surge in price. Pattern Breakout: The Handle portion of the pattern has convincingly broken out, symbolizing a shift in market sentiment. This breakout has already breached the level of the Handle, setting the stage for a broader upward trajectory. Anticipated Scenarios: The Journey to $188 Targeting $188: The Cup and Handle pattern implies a target, and in this case, it points to the ambitious level of $188. Traders are closely monitoring price action to see if XMR can sustain its upward momentum toward this target. Strategic Approaches: Riding the Bullish Wave Entry Strategies: Traders might consider entry positions based on the breakout, looking for confirmation of the bullish momentum. Conservative traders could wait for a retest of the breakout level for a more secure entry. Risk Management: Setting stop-loss orders strategically is essential to manage risk, especially in volatile markets. Regularly reassessing the trade in the context of evolving market conditions is a prudent approach. Conclusion: MONERO's Bullish Symphony With the Bullish Cup and Handle pattern taking center stage, Monero's chart exudes optimism and potential. As XMR eyes the $188 mark, traders are poised to capitalize on the anticipated bullish surge, making MONERO an asset to watch in the coming trading sessions. 🚀 Cup and Handle Power Unleashed | 📈 Targeting $188 | 🔄 Navigating the Bullish Momentum ❗See related ideas below❗ Share your thoughts on Monero's Cup and Handle pattern and join the conversation on how this development might shape the future of XMR. 💚🌐💚
XLong
by Yaroslav_Krasko