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Bullishpattern

USD/CHF Poised for Bullish Break on Strong US DataThe USD/CHF pair is currently consolidating as it hovers between key support (0.84) and resistance (0.8550). The pair reflects the safe-haven nature of both currencies, leading to choppy price action. Upcoming US economic data, including the ISM Non-Manufacturing PMI, will play a pivotal role in determining the pair's next move. If US data shows strength, expect the USD to gain further momentum. Conversely, weak data may pressure the USD and strengthen the CHF, leading to potential downward movement.
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by ClearTradingMind
LDO ANALYSIS📊 #LDO Analysis ✅There is a formation of Descending Channel Pattern in daily chart with a breakout of Descending Channel. Currently the coin is trading sideway. We would see a good price moment in few weeks 🧐 👀Current Price:  $1.093 🚀 Target Price:    $2.024 ⚡️What to do ? 👀Keep an eye on #LDO price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #LDO  #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Understanding Bullish Engulfing Candlestick PatternThe Bullish Engulfing Candlestick Pattern is a popular price action signal used by traders to identify potential trend reversals in the market. If you're keen on mastering price action trading, understanding this pattern is essential. This guide will take you from the basics of the pattern to advanced insights, with easy-to-understand explanations to help you become more confident in your trading decisions. What is a Bullish Engulfing Candlestick? A bullish engulfing candlestick is a two-candle pattern that signals a potential reversal in a bearish trend. The pattern consists of a smaller bearish (red) candle followed by a larger bullish (green) candle that completely engulfs the previous one. This indicates that the buying pressure has overwhelmed the sellers, suggesting a shift from a downtrend to an uptrend. Key Features of the Bullish Engulfing Pattern Here’s a breakdown of the key characteristics: Number of Candles: The pattern consists of two candles. First Candle: A bearish candle, typically red, showing a decline in price. Second Candle: A bullish candle, typically green, that completely engulfs the previous bearish candle, including its wicks. Prior Trend: A bearish trend must precede the pattern to validate it as a potential reversal signal. Prediction: A potential shift from bearish to bullish trend. The Anatomy of a Bullish Engulfing Pattern To fully grasp this pattern, let's break down the structure: The first candle in the pattern is a small bearish candle, indicating the continuation of a downtrend. The second candle is a large bullish candle that opens lower than the previous close and closes higher than the previous high, completely engulfing it. This suggests a strong buying momentum. Why Do Bullish Engulfing Patterns Work? A bullish engulfing pattern is significant because it reflects a shift in market sentiment. Here’s why: Seller Exhaustion: The first candle shows a bearish trend, indicating seller dominance. When the second candle engulfs it, it suggests that sellers are losing control. Buyer Strength: The second candle’s larger body signals strong buying interest, indicating a shift in market control from sellers to buyers. Market Psychology: A bullish engulfing pattern indicates that traders are willing to buy at higher prices, leading to increased bullish momentum. Why a Pin Bar Can Be an Engulfing Pattern A common observation among experienced traders is that a pin bar on a higher timeframe can appear as a bullish engulfing pattern on a lower timeframe. This happens because: A pin bar shows a strong rejection of lower prices, which on a lower timeframe looks like a large bullish candle engulfing smaller bearish candles. This highlights the importance of multi-timeframe analysis. Understanding how patterns form on different timeframes gives a more holistic view of market dynamics.
CAPITALCOM:GOLDEducation
by ForexBee
Gold Bulls are to take controlAs we had a beautiful week this week gold has shown us its value why is it called gold as well as gold is concerned currently we are expecting a Rise in price also we are experiencing a bearish shift in H1 but in M30 and M15 its not much clear that fight between both ends is on its peak now moving back to anylisis we can price is moving in an upwards channel and price has reached to its lower end price can move back to test the higher levels if it breaks below which seem pretty hard but a possibility then we will wait for the price to its daily Immediate (Physiological) support level we will wait for price to go higher bounds confluence being Bullish is --> we are bullish from Monthly to weekly to daily to H4 but on H1 its not much clear price is not showing up properly fight is on --> fibonachi confluence of current bullish impulse has retraced to 50% of price level and could go further .68% which is our daily Immediate support but over all we are bullish
OANDA:XAUUSDLong
by Wakeel_Saab
BTC ANALYSIS (update)🔮 #BTC Analysis - Update 🚀🚀 💲 As we said earlier #BTC performed the same. Now we can see that there is a breakout of the pattern in #BTC. But there is an instant resistance zone. After breakout above the resistance zone, we would see a new higher price in #BTC 💸Current Price -- $67,700 📈Target Price  --  $73,500 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #BTC  #Cryptocurrency #Breakout #DYOR
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by ZEUS_Market_Alerts
3
$BTC About to make a (big) move?According to historical percentage pattern; BTC seems to be on the verge of a critical conjunction: Scenario A: Retest $38k, if it holds; retest previous ATH of ~79k. Afterwards start new (gradual) bull run to new ATH ~327k Scenario B: Bull run (gradually) to new ATH ~280k I think politics also plays a big role here, mainly US elections & ongoing worldwide conflicts. The more crazy things go, the more unpredictable / unexpected scenario takes place; i.e. Scenario A Otherwise, we're looking at a more stable Scenario B Safe trading 🙂
by TannerJ
GBP/USD: Three Drives and Butterfly Patterns in PlayGood day Traders, Trust you are doing great. Here is my brief analysis of the GBPUSD pair. Last week, a bullish Three Drives pattern was identified on GBP/USD, completing on October 17th. Following the pattern's completion, the market experienced a brief impulsive move to the upside before retracing back to the support zone. Currently, the market is testing this support level, and a sustained move higher could follow, further validating the typical characteristics of this pattern, often found at the end of a trend or correction. If the support holds, we anticipate a move toward the 1.31026 price region. Additionally, a potential Butterfly pattern appears to be emerging, with its completion also expected around the 1.3146 level. This outlook will be invalidated if the price moves further down and breaks below the 1.29565 level. Cheers and happy trading!!!
Long
by Samuel124
Solana (SOL) Price Prediction: Poised for a Breakout and New AllThe chart of Solana (SOL) is painting an exciting picture for the medium term. We're currently witnessing the formation of a massive triangle pattern, and a breakout seems imminent. This technical formation, combined with other indicators, strongly suggests that SOL is preparing for a significant upward move that could propel it to new all-time highs (ATH). Key Takeaways: Triangle Breakout: The price action is consolidating within a large triangle pattern. A decisive break above the upper trendline of this triangle will signal a bullish breakout, potentially triggering a strong rally. Fibonacci Targets: Based on Fibonacci extensions, we can project potential price targets for this anticipated move. The primary target zone lies between $257 and $260. This aligns perfectly with the 1.618 Fibonacci extension level, a key area where price often encounters resistance or support. Historical Support: The lower trendline of the triangle has provided solid support for SOL during its consolidation phase. This reinforces the significance of a breakout above the upper trendline. Why This Matters: Solana has been a strong performer in the cryptocurrency market, and this potential breakout could mark the beginning of a new bullish chapter. A surge to new ATHs would not only be a major milestone for SOL but also a testament to its growing adoption and utility in the decentralized finance (DeFi) and NFT spaces. Get Ready: If you're bullish on Solana, now is the time to pay close attention. A breakout above the triangle could happen quickly, leading to rapid price appreciation. Keep a close eye on the $257-$260 resistance zone, as this will be a crucial area to watch for potential profit-taking or further continuation of the uptrend. Disclaimer: This is a technical analysis based on the provided chart and historical price action. It's not financial advice, and the cryptocurrency market is inherently volatile. Always do your own research and invest responsibly.
COINBASE:SOLUSDLong
by Broker_Hunter
NEIRO/USDT: Bull Flag Pattern: Could We See Another 50%+ Surge?Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! NEIRO is looking strong right now! It’s forming a bull flag structure on the 4-hour time frame and is currently trading near the lower trendline. Last time we saw a similar setup, NEIRO surged by 60-70%, and I’m expecting a similar move this time. Consider accumulating within the green box. Entry Range: $0.00162 - $0.00172 Targets: $0.00194 / $0.00218 / $0.00242 / $0.00275 Stop-Loss: $0.00148 Leverage: Keep it low (Max 5x) What do you think of NEIRO’s price action? I’m seeing a strong bullish setup here! Share your insights and analysis in the comments below!
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by CoreCrypto1
From Dips to Highs: Unveiling a Bullish TurnaroundKROSS LTD newly listed company that had a rough start, now shifting from an initial downward trend to a positive trajectory. Investors are loving the positive shift, and the stock's looking solid again. It's a good sign for the future, showing they've got what it takes to bounce back. 🌟📈 Setting up for a potential 1:2 RR trade. Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:KROSSLong
by Numan_SuriyaMohammed
NASDAQ 100 Index - Technical Analysis [Long Setup] 🔹 NASDAQ Analysis on 1H chart - The current Trend is BULLISH - There is no divergences - Continuation pattern is present which is bullish flag 🔹 Trade Plan For 1HR - Entry Level = 20386.3 - Stop Loss = 20312.7 - TP1 = 20458.6 🔹 Risk Management - First TP is 1:1 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
PEPPERSTONE:NAS100Long
by Bountysoul
IMX ANALYSIS📊 #IMX Analysis ✅There is a formation of Descending Channel Pattern in daily chart with a breakout🧐 Pattern signals potential bullish movement incoming after the confirmation of breakout and a small retest📉 👀Current Price:  $1.640 🚀 Target Price:    $2.560 ⚡️What to do ? 👀Keep an eye on #IMX price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #IMX  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
SWING IDEA - ANDHRSUGARStock seems to have completed its Lower Low Price Action and MACD looks to form Higher Lows. Good Election Results has also helped the stock to start picking up momentum now. It could start seeing the Price Action change directions to Higher High and Higher Low Patterns. There seems to a Convergence Divergence in play as well. The newly elected CM will have his swearing in ceremony on June 12. Also 112 currently seems to have formed as an immediate support level. This is also a Key Support level now for the stock to maintain in order to go up further.
NSE:ANDHRSUGARLong
by thepranam