BITCOIN BULLISH MOMENTUM IN WEEKLY!!!! The weekly BTC/USD chart above shows an Bullish Flag pattern, where Bitcoin’s price is trending upward within parallel support and resistance lines (yellow lines). This pattern often suggests a potential breakout if the price manages to break above the channel’s resistance.
To set Fibonacci targets in the range of $90,000 to $100,000, let’s add levels that align with that price zone:
1. 150.00% ($90,000) - This can act as a strong psychological level within the bullish move, marking the start of the $90k range.
2. 161.80% ($94,407) - A common Fibonacci extension level that is close to the midpoint between $90k and $100k.
3. 175.00% ($100,000) - Reaching this level would mark a major milestone and could trigger significant profit-taking.
These Fibonacci targets highlight possible resistance areas for Bitcoin within the $90k - $100k range, especially if momentum remains strong.
This pattern suggests Bitcoin could keep climbing if a breakout happens, with these Fibonacci levels as possible profit-taking points.
Flag
Flag Breakout & Fibo ProjectionBased on the flag breakout price projection, we observe the following trend:
Oct 2023 - March 2024: Formation of the flagpole
March 2024 - Oct 2024: Development of the flag pattern, with a retracement to the Fibonacci levels of 0.50 - 0.618
With the flag breakout anticipated by the end of Oct 2024, our projections are as follows:
Fibonacci target: $100,042
Flag breakout projection: $110,353
This suggests the next target range for Bitcoin could lie between $100,000 and $110,000.
ENA/USDT: Bull Flag Breakout! Strong Bullish Setup in Play!!Hey everyone!
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ENA is looking strong right now! It is breaking out from the bull flag pattern and a successful retest is also done. Long some at CMP and add more in the dip.
Entry range: CMP and add more up to $0.36
Targets:- $0.44/$0.50/$0.57/$0.64
SL: $0.345
Lev: Use low leverage (Max 5x)
What do you think of ENA’s price action? I’m seeing a strong bullish setup here! Share your insights and analysis in the comments below!
Bitcoin to 68k - Bull flag** short term analysis - daily chart **
24 days have passed since RSI entered a downtrend channel. The channel resistance has now printed a breakout at the same time as price action from its resistance.
A bull flag print has now confirmed with the downtrend in price action. A measured move takes price action to the 68k area by the end of the month.
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
GOLD (XAUUSD): One More Bullish Wave is Coming?!
Gold is currently stuck within a horizontal range on a daily.
The price is approaching its upper boundary at the moment.
Because the trend is strongly bullish, chances will be high to see
a further bullish continuation.
Your reliable confirmation will be a breakout and a daily candle close
above the underlined resistance.
The next goal for the buyers will be 2780.
Alternatively, the market may continue consolidating and trading within the range.
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Are the Bears Shopping at Home Depot?Bears could be shopping at Home Depot as interest rates rise.
The first pattern on today’s chart is the $420.61 level. That’s where the home-improvement chain peaked in late 2021. It pushed slightly above that price area this month before reversing lower. Some traders may view that false breakout as a potential reversal pattern.
HD fell sharply about a week later, making a low of $404.37. The stock continued downward the next session and been mostly trapped below that October 21 low since. That may suggest that new resistance has developed.
Third, price action since the drop could be viewed as a potential bear-flag pattern.
Next, the 8-day exponential moving average (EMA) is near a potential cross below the 21-day EMA. MACD is also falling.
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BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!Hey everyone!
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Welcome to this quick BTC Update!
BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to FWB:65K on Monday before a breakout occurs.
Once this bull flag breaks, the target is set at $80k.
Entry Range: FWB:65K -$66k
Target: $80k
Invalidation: 4-hour close below FWB:65K
What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!
AVN, Bullish Channel with Flag Breakout- Weekly Bullish Flag
- Breakout of flag
- Now trading in Bullish Channel
- Time cycle indicated
- A complete cycle takes around 220 days
- This cycle completed around 200 days
- New cycle and bullish moment is expected in next 20-30 days
- upcoming board meeting may trigger this cycle
- Buy suggested with SL of closing below 48
- Take profit on top of channel
- Ultimate target is 140
Solana - Strongest altcoin! New ATH + bull flag (buy now)Solana is currently one of the strongest altcoins. That's visible in the charts! Currently the price is forming a bullish flag pattern, so expect another big leg to the upside in the next few weeks. Where to take profit? Well, to answer this question, we have to use the Fibonacci extension tool and measure strong levels. I always use 0.382 FIB (383 USDT) and 0.618 FIB (829 USDT).
From the Elliott Wave perspective, wave (3) was really huge; Solana made 2600% last year. But let's focus on the future because there is a very high chance of making another 100%-400% until the end of this year. We need to finish this cycle with wave (5).
I recommend buying Solana as soon as possible before the huge pump begins! Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Flag pattern breakout Swing TradeThe stock has demonstrated a flag pattern breakout, supported by impressive volume, indicating potential upward momentum. Additionally, a triangle pattern breakout has emerged, further strengthening the bullish outlook. This breakout was marked by a solid bullish candle, backed by robust volume, underscoring positive sentiment. In today’s challenging market environment, this bullish signal has caught my attention as a good opportunity.
CRUDE OIL (WTI): Bearish Trend Continues
WTI Crude Oil may continue falling after a test of a key daily resistance.
A breakout of a support line of a bearish flag gives us a strong bearish confirmation.
With a high probability, the price will drop to 68.9 level.
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