SLP flag and ab=cd pattern#SLP/USDT
$SLP is inside a parallel channel that can act as flag pattern.
🐮 price can drop to support zone around $0.017 that is the same with lower line of channel and then head up to break out upper line.
breaking out of flag can increase price to resistance zones and if price going to complete AB=CD pattern it will reach $0.05.
weekly time frame shows price can increase to $0.07 and $0.12 or even more
FLAG
Just a "classic" Ethereum (ETC) bull flag chartHey everyone,
Nothing special here, maybe a little as I just wanted to share that view on ETC and usually its Ethereum not the "classic" one, because it looks like very nice bull flag with break out and retest played out & it feels to me like a very nice R:R entry.
but there is something furthermore going on behind with ETH & ETC in next months, so I would pay attention to ETC this year.
Trade safe and keep your mind focused
Cheers
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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Continuation of bear flagNear perfect rejection at the top of the trend. I'm not a fan of the lower time frames as I'm not a daily trader. The monthly Macd just crossed huge bearish signal. The Daily momentum is failing. My view has been and still is we see 20k.
Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making important investment decisions.- disclaimer**
AVGO - Underrated titan in vulnerable spot
Three lower lows and lower highs ---
below VWMA (early) -
Decreasing volume --
Bearflag setup on daily ---
Good volume in the demand zone ++
IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.
What is Flag pattern and how to trade with that?Flag Pattern (Bullish)
* One of the most common patterns of price trend continuation is the FLAG pattern. How to identify this pattern? How to use it in trading most effectively?I will cover it all through this post.
* The Flag pattern is a type of price pattern in bullish trends. This pattern consists of a strong increase (called a flagpole), followed by a countertrend with two levels of Resistance and Support (called flags). The price forms this pattern after a strong increase. It then breaks out of the Resistance and continues rising, marking the end of the pattern. This is a very common behavior of prices during an uptrend.
* After breaking out of the Resistance, the price can retest this new Support.
How to open an order :
Entry Point : Right after the candlestick breaks out of the Resistance.
Stop-Loss : At the bottom of the price channel (the lowest point of the support).
Target : At the price whose, from the entry point, the length is equal to the length of the flagpole.
* In the future, we will publish other patterns such as Triangle, head and shoulders, wedge and other educational materials 📚 . Please follow our page to be informed as soon as the materials are published.
Thank you all for supporting our activity with Likes 👍 and Comments ❤️
MATIC/USDT ??Bearish Flag??hello everyone,
as it currently looks, the Cryptocurrency Polygon is well on the way to forming a Bearish Flag.
I drew a entry line for short.
have a nice day to all of you!
OGN pullbackGauging my skills at spotting Pullbacks.
Target #1 0.3239
Target #2 0.2907
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
BINANCE:OGNUSDTPERP
COINBASE:OGNUSD
How to look for Shorts in my Trading System (GOOG Double Top)Hello guys, welcome to my first Trade Idea published here on Trading View!
Right of the bat I apologize for if my english was hard to comprehend at any time, feel free to leave questions down in the comments if there's something you haven't understood.
As to the idea, it is based on my very simple trading system, in which I do as follows:
Look for congruences between the EMAs, my RSI Zones indicator and my personal technical analysis of the chart, to find important supports and resistances .
Look for Price Action patterns near the support or resistance, such as Double Tops or Bottoms, Pullbacks after the breakout of a pattern, or Inside and Outside Bars.
Try to find congruent fibonacci measurements that point to the same price target. (In the video I give examples of how to draw targets from pivots and flags, in that order)
Then I just look for a previous high for my stoploss, and enter the trade!
It might take a while to get used to, but I find this system very reliable and simple. As it doesn't generate a huge amount of trades, it also helps me keep my risk managent and trading psychology under control.
Hope you liked it, and if you did make sure to like, comment, and check out my RSI Supply / Demand Zones indicator!
EURGBP bullish scenario:EUR/GBP was rallying on Wednesday on the diverging policy expectations from the Bank of England and the European Central Bank that meets on Thursday. This will be a key and popular meeting among central bank watchers as the Governing Council has the unenviable task of being the first team from the major central banks to provide an assessment of the impact on the Ukrainian crisis on growth, inflation and monetary policy.
In this pair, technical analysis shows a technical figure Flag. The Flag broke through the resistance line on 10/03/2022. EUR/GBP is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 9 days with a target of 0.84780. According to the experts, your stop loss should be around 0.8203 if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
SAND LONG FINISHING PATTERNSand bounced off of a support 3 times, and is at the end of a flag pattern, after break out we should see retracement to the 50% fib zone.
Aroon: On a daily time frame we see orange line crossed a blue one which shows start of a bullish trend.
MACD: We are already seeing light red candles which indicates bullish movement gain.
Bollinger band: We just bounced off of a bottom Bollinger band which indicates bullish trends start.
Entry: 2.97
Invalidation: 1.95
Target: 5.38
RS - Bull FlagBroke up into ATH (All-time-high) on 28 Feb on strong volume. Have been forming a bull flag since. Buy the next break up of this bull flag as the momentum remains strong.
p/s I may also attempt to buy if it retest the resistence turned support level around 179-179 with a tight stop loss slightly below the support.
Theoretical "cup" target is around $221. Let's see if it is able to reach there.
Protect with trailing stops or scale out along the way.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
VIRT - Bull FlagWith RSI is strong @ 67 and rising, I am looking to buy the breakup of this bull flag between 34.85 to 35, with initial stop loss just below the low of the last 2 candles.
Let's see if it works out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.