Butterfly
Weak Bull Formation and Short-Term Buy/Sell OpportunitiesEURUSD presents a potential shorting opportunity with the Bearish Butterfly Pattern on the 4-hourly chart at 1.1045. This aligns with the backdrop of a weaker bull trading setup observed on its Weekly chart.
For those seeking a buying opportunity, consider monitoring the 1-hourly chart at 1.0993, where a potential support trading setup might offer an entry for bullish positions.
What's your analysis or stance on EURUSD? Share your thoughts below!
BONK is Ready to Pump again🚀🦊There has been a lot of talk about memecoin BONK these few days (it has given about ➕ 700% profit in the last 30 days), so I decided to analyze the chart of this token for you in a 15-minute time frame. Maybe we can still make a profit from it.
📚 What Is Bonk (BONK) ❗️❓
🔸 According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community.
🔸The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot".
🔸BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown.
💡It was just 11 days ago that Anatoly Yakovenko , one of the founders of Solana Labs , expressed his regret that the company's Saga mobile phones were NOT sold. However, the company's official account announced today that all Saga mobile phones have been sold in the US , with only a few remaining in Europe . Referring to the amount of BONK tokens that each buyer of Solana's mobile phone will receive, Steven Zheng , director of research, said yesterday: "They want to buy Solana's phone Because the value of the BONK tokens they receive will soon be more than the phone itself.
📉From the point of view of technical analysis , it seems that the BONK token is moving in a Descending Channel .
💡 BONK also seems to be completing a 🦋 Bullish Butterfly Harmonic Pattern 🦋 near the 🟢 Support zone 🟢 and Support lines .
🔔I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in 🟡 Time Reversal Zone(TRZ) 🟡] and at least rise( ➕40% ) to the 🔴 Resistance zone 🔴.
❗️⚠️Note⚠️❗️: In general, try to risk less capital on Memecoins.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bonk Analyze (BONKUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Effort of the Young Green Butterfly to Raise the Siemens Flagthe detail is shown in the above Chart.
I made this Idea based on Candlestick Analysis and Fibonacci Tool .
The Buyers' Crab could reach the highest point at the price of 167 euros.
The Bearish trend started and siemens flag is falling and approaching to the golden level of buyers crab .
The past trend of sellers' candles has formed a motivated green butterfly pattern
So we can expect this young Butterfly to raise the Siemens flag again.
Siemens Is Great .
Good luck.
Balancing Bullish Signals And Counter-Trend StrategiesGBPUSD showcases a Bearish Bat pattern on the daily chart, signaling a potential shorting opportunity with a likely retest around 1.2691.
Another approach would be to watch for resistance retesting, aiming for a double top with RSI divergence at 1.2606 on the 1-hourly chart.
However, if you're leaning towards a buying opportunity, considering the Weaker Bull trading setup on the weekly chart, the 1-hourly chart reveals a Bullish Butterfly Pattern.
Keep an eye out for a retest around 1.2522 as a potential entry point for a buying opportunity! 🦋💱🐂
What's your game plan for GBPUSD? Share your thoughts or trade strategies in the comments below!
Let's discuss and analyze potential moves in this market. 💬📊
Weekly Marubuzu Candle & Hourly Bearish PatternsNZDUSD presents a Bearish Butterfly Pattern on the Daily Chart, tempting many traders to consider shorting.
However, a note of caution: ensure the candle breaks and closes above the PRZ (red box) for confirmation before proceeding.
My strategy leans towards prudence, awaiting further validation through the Bearish Shark Pattern on the 1-hourly chart at 0.6219.
This approach not only reduces risk but also offers better returns, granting additional confirmation before entering the trade.
What's your take or trade plan on NZDUSD?
Share your insights below!
USDJPY: 3 Line Strike at the PCZ of a Bearish BatSimilarly to around the same time last year when USDJPY was at these levels, it had developed a 3 Line Strike at the PCZ of a Bearish Harmonic, and if it goes like last year, this will result in at least a few months of downside on this pairing.
There is also some Bearish Divergence formed on the RSI at this level.
Additionally, there is a much bigger Macro Bearish Butterfly setup that can be seen here:
XAUUSD Update
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
Mth-long Consolidation for Profits
GBPUSD currently exhibits a Weaker Buy signal, accompanied by a 5-week long consolidation phase.
Trading Decision Dilemma:
The month-long consolidation prompts a crucial decision: Will it be a buying or selling opportunity?
Buying Opportunity:
For those inclined towards a buying stance, watch for the completion of the Bullish Butterfly Pattern at 1.1951 for a potential entry.
Aggressive Selling Approach:
Traders seeking a more aggressive move may consider the Bearish Butterfly Pattern on the 1-hourly chart, providing an opportunity to short at 1.2180.
Now, the pivotal question arises: Bull or Bear? Which side aligns with your trading strategy? Share your thoughts below!
The reduction target is $117According to the Butterfly pattern, according to Fibo, the decline at the target 117$ perfectly converges. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by June 2024, there will be a great point for going to long.