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DXY - Bullish Flag Breakout PatternAfter an explosive bullish move due to the US Interest Rates news yesterday the US Dollar Index is showing signs of relief. This relief is also forming a Flag Pattern with the expectation being a breakout to the upside. Not only is this flag pattern a bullish sign, but overall the market is providing us with more bullish signs as well making this a very interesting opportunity to keep an eye. I'll walk yo through what I'm seeing and where I expect price to go if this trading idea works out. Hope you enjoyed the video and I wish you a Happy Holiday's Akil
TVC:DXYLong
by Akil_Stokes
1
XRP BULLISH MOVE INCOMING???This is my analysis for XRP (potential bullish move incoming) obviously this is personal opinion let me know what you think in the comments and share your ideas BITSTAMP:XRPUSD Monthly timeframe showed a break of a huge resistance level ( $1.96 ) on 01/12/24 Daily timeframe showed a bullish flag pattern Looking closely at the Hourly timeframe the bullish flag pattern was broken (upward) price has come back down to the the flag which is also a support level (around $2.20 ). Price broke below this level 3 between 09/12/24 & 10/12/24 but came straight back above indicating 3 failed attempts to break support. This suggests we have more buyers at this level then sellers) My personal opinion is a continuation in the bullish trend the past week or so we've been bouncing up and down but for me all signs point bullish for the next move. Let me know what you think in the comments would love to bounce some ideas off of you wether you're bullish or bearish, everyones eye for the charts are different so we can all help each other ;)
BITSTAMP:XRPUSDLong
by TakeProfitClub
Ethereum - bearish divergence alert - Dec 19th, 2024** Trigger warning - the following post may cause skin irritation and involuntary expletives ** The entire market is bullish on Ethereum. All of social media is bullish on Ethereum. The Motley Fool is even bullish on Ethereum (Huge red flag!!) “Ethereum looks undervalued relative to its potential” source: www.fool.com ===================================================== The TA: Your only source of news should be the chart. The chart has a headline for you to read: “Strongest bearish divergence print since the 90% and 80% crashes of 2018 and 2021” Yes, the same specific settings used to track market pivots with divergence on Ethereum price action has printed once more. On the above 8 day chart price action prints negative divergence with multiple oscillators over an 80 day period. The bear flag forecasts price action to correct until $700. If you’re bullish on price action you have to reason why… why is this time different? (Trump said... yes, would never mislead that one) If you’re neutral on price action and considering a long entry, look left, is now that moment? If you’re bearish on price action, well then you’re in poor company and public enemy number one. Welcome to my world! Is it possible price action continues to rise? Sure! We’re in a bull market, din’t you get the memo? Is it probable? No. Ww
INDEX:ETHUSDShort
by without_worries
6
A8USD 12/18/2024A8USD Daily Chart Analysis My initial analysis was spot on, with the first trade netting a +205% profit in just 1 week: ________________________________________ Current Analysis BTCUSD appears to be in the early stages of a continuation of its long-term uptrend. If this holds true, altcoins could see substantial benefits, and A8USD shows strong potential to be one of the big winners. • Initial Move: After breaking out from an inverted head-and-shoulders pattern in late November/early December 2024, the price exploded +300% to all-time highs within 1 week. • Current Consolidation: The sharp move caused an overextension in price, leading to a Bull Flag consolidation over the past week, aligning perfectly with the 10-day EMA. This presents the first significant opportunity to enter long for those who missed the initial breakout move. • Breakout Confirmation: Today, price has confirmed the bull flag breakout by moving into all-time highs. o The MACD is in bullish territory and already above its signal line, reinforcing strong upward momentum. o The breakout into all-time highs indicates high demand with no immediate resistance to hold back further moves. With momentum and demand aligning, we can anticipate strong upside moves as volume starts to flow in. ________________________________________ Trade Setup (Long Position): • Entry: 0.4526 • Stop-Loss: 0.2905 (-35.82%) • 1st Target: 1.0727 (+137.01%) • 2nd Target: Trailing the 10-day EMA on the daily chart. ________________________________________ Conclusion: The confirmed bull flag breakout into all-time highs, combined with strong MACD momentum and volume potential, signals that A8USD is positioned for another substantial move to the upside.
COINBASE:A8USDLong
by rudcharts
POV: ACE : Pole and Flag PatternPOV: ACE : Pole and Flag Pattern Chart Reading: 1. From May'22 constant Long Run formation, considered as Pole 2. After a long run, the script falls into consolidation and forms a Flag Pattern. 3. This consolidation takes around 170 sessions. 4. Trend and Momentum just started to improve. 5. Price trading around 200 SMA after a long history. 6. Wait for the breakout or Pullback Zone for entry. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:ACELong
by kzatakia
Merck Could Be SicklyMerck has struggled for most of the year, and now some traders may look for another push to the downside. The first pattern on today’s chart is the series of higher lows from mid-November through early last week. MRK has dropped below that line, which may be viewed as a bear-flag breakdown. Second, prices tested the 50-day simple moving average and stayed below it. That may suggest its intermediate-term trend is headed lower. Next, compare this price action with similar patterns in September. Also note that Wilder’s Relative Strength Index (RSI) slipped below its 14-day average both times. (See white arrows.) Finally, MRK is pushing against the $99.14 level where it bottomed in 2023. Are double digits the new normal for the pharmaceutical giant? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:MRK
by TradeStation
Update levels AUDUSD 11.12.24I had to modify this analysis a little because I interpreted the closing triangle here which was wrong, plus I added some levels here and overall I think the market will go a little lower around the price of 0.62700, we could finally create an SFP from this zone, we could move somewhere for the price, easily around the level of 0.67, which is also the point where there is poc level suppor and the fibo level of 0.618, but for now it's still just a matter of waiting.
Long
by Sony97
16
Bitcoin Continuation TargetsChart price scale is Logarithmic. Fib ranges are based on log scale. The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000. The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level. The 7 month consolidation in the form of a bull flag is displaying potential for over performance to the 1.618 level at ~$175,000. The previous cycle reached the 1.618 level. In previous cycles, RSI levels reached 85+. The current RSI value is at 78 which supports room for expansion. The MACD is vertical and rapidly expanding. With the current velocity, my targets to the upside are $129,000 and $175,000 in Q1-Q2 of 2025.
BITSTAMP:BTCUSDLong
by MaxDDM