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BakeryToken (BAKE) token to 20 centsOn the above daily chart price action has corrected 40% from the recent high of 20 cents. Price action is about to return there. Why? 1) Price action and RSI resistance breakouts. 2) Price action confirms support confirms on resistance. 3) Bull flag breakout forecasts a 50% move in price action. Is it possible price action corrects further? sure. Is it probable? no. Ww Type: trade Risk: <6% Timeframe for long: Yesterday Return: 50%
Long
by without_worries
7
Bullish confliuence on the btc falling wedge & bear flag targetsWe can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very encouraging bullish confluence. The wedge being on the monthly time frame is more powerful than the bearflag which is on the weekly timeframe and the wedge has already confirmed a bullish break greatly increasing the likelihood that the bearflag which is a weekly timeframe pattern will also have a bullish breakout. To add to this the flag of the bear flag is a falling channel and those types of channels tend to break bullish far more often than they break bearishly. Bearflags usually only break up instead of down at the end of a downtrend or beginning of an uptrend as well, so if it does break up it is a very good sign that bullish momentum has control. One last thing that increases the probability of a break upward instead of downward is the measured move target for a break down from the bearflag is an impossible low negative number. All this combined I think we should see it break upward, but for the target to identically match the wedge target it is gonna need to break above the channel of the flag by the next 2 weekly candles. If this can happen then we are pretty much guaranteed the bottom is in. *not financial advice*
BINANCE:BTCUSDLong
by DrDovetail
SHIBA - Buy here, do not miss next pump! (HUGE)Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market structure and map of the uptrend. I suggest waiting for a bullish flag or any bullish pattern, or just simply setting your limit order to buy SHIB lower! I am very bullish on this coin, and the next profit target is 300% away! What Is SHIBA INU (SHIB)? SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.
Long
by Xanrox
39
GOLD - New all-time-high soon! (Buy now)Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action. We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty accurately, and the uptrend is valid as long as this trendline holds. Of course, nothing lasts forever, and to be bearish, we need to wait for more confirmation. It's always important to do an Elliott Wave technical analysis because markets always move in waves, not in a straight line. This helps us see the full picture of price action. As per my Elliott Wave count, we are in the final wave (5) of a major impulse wave of higher degree. This is something we need to take into consideration when establishing profit targets.  What is the profit target for this final wave (5)? Usually, what you want to do is take the Fibonacci extension tool and target the 0.382 or 0.618 Fibonacci extension. As you can see on my chart, I am expecting this wave to finish on the 0.382 fibo (at 2462), but I am also taking into consideration the next 0.618 fibo (at 2567). If you want to place your limit order as a profit target, place it slightly below these levels.  What will happen after we reach my profit target? I will show you in one of my next analyses, so make sure you follow my account! Let me know what you think about my analysis, and please hit boost and follow for more ideas about GOLD. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
10
BTC moving in bullish flag Hey there traders! Some thoughts about BTC. We can see the movement in bullish flag, but with descending volumes! So I think that we will finish the last Elliot wave and will continue grow and maybe break resistance in May-June with hitting ATH. Now we can try to trade the last Elliot wave with TP at support box. SL can be a bit upper the flag line. What's your thoughts guys? IMPORTANT! Always follow the RM strategy to prevent losses. Do not trade more than 3% of your deposit and stay in control of emotions!
BINANCE:BTCUSDShort
by SheTradesHub
6
Solana is SHAVING HAMSTERS 🪒🐹🪒🐹🪒🐹Solana (SOL) is exhibiting a price pattern that mirrors a previous fakeout breakout, suggesting a potential for a strong rebound. In January 2024, SOL experienced a similar pattern where it broke below a trendline support level, only to reverse and rally significantly. This historical pattern suggests that the recent downward move could be a deceptive maneuver, paving the way for a substantial upward surge. Key Points: Previous Fakeout Breakout: On January 23, 2024, SOL broke below its trendline support at around $88, only to reverse course and rally to $200. This price action represented a classic fakeout breakout pattern. Pattern Repetition: The current price action of SOL resembles the January 2024 fakeout breakout pattern. After briefly dipping below the trendline support, SOL is attempting to regain its footing. Potential Rebound: Based on the historical precedent and the repeating pattern, I anticipate a strong rebound for SOL. The initial target for the rebound is the previous trendline support level, with the potential for further upside movement. Supporting Factors: My target - 300$$$$ Overall Market Sentiment: The cryptocurrency market is showing signs of recovery, which could provide a tailwind for SOL's price action. Solana Ecosystem Development: The Solana ecosystem continues to grow and develop, with new projects and initiatives being launched. This positive development could attract more users and investors to SOL.
Long
by Yaroslav_Krasko
Ethereum - Final crash soon! Then new all time high (buy here)Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to buy Ethereum in this zone?  First of all, we need to do an Elliott Wave technical analysis, which is the most important as it gives us a full map of previous price movements. From my perspective, the price is forming a triple-three corrective pattern (WXYXZ). This is a classic corrective pattern, and we are in the last wave Z. Usually, what you want to do is buy ETH slightly below the previous wave (Y) (liquidity sweep).  What's more, the price is inside this bullish flag / falling wedge pattern. This is another bullish sign for us to buy ETH below the previous wave (Y). Also, we have a long-term trendline from October 2023 with a total of 2 touches, so we also want to buy on the third touch of this upper sloping trendline.  This is a strong combo. We have a strong confluence to buy ETH between 2800 and 2700. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
26
🔥Corn Returm Bullish Trend🔥The corn market is buzzing with positive signals today , promising strong profit potential for investors. Our assessment is spot on as corn prices are exhibiting a robust recovery trend. Across all key timeframes - 4 hours, 1 day, and 1 hour - the upward trend is evident, presenting golden opportunities for investors to seize. Particularly noteworthy is the emergence of a compelling Order Block resistance zone on the 1-hour chart. This resistance zone signifies significant illiquidity at a specific price level, highlighting it as an ideal buying point to ride the upward trend. Based on our in-depth analysis, we strongly believe that this is an opportune moment for investors to initiate long positions in corn. The Order Block resistance zone on the 1-hour chart serves as a key to unlocking near-term profits. BUY LMT ZCEN24: Entry: 444''0 STP: 439''6 TP: 458
CBOT:ZCN2024Long
by MXV_AnfinTrading
1
DOGE/BTC: Bull Flag or Falling Wedge Hints at Price surge.Chart Pattern: DOGE/BTC on the monthly timeframe appears to be forming a bull flag or falling wedge pattern. Both patterns are continuation patterns suggesting an eventual price increase after a period of consolidation. Target: If the pattern plays out, a breakout could see DOGE/BTC reach around 0.00001300 BTC, translating to roughly $0.52 per DOGE (based on current BTC price). News Catalyst: Elon Musk's recent tweet about X payments sparked speculation about Dogecoin inclusion. While unconfirmed, such news could act as a bullish catalyst. However, Consider This: Market Sentiment: Broader cryptocurrency market sentiment can significantly impact DOGE's price. Stay informed about news and events that might influence the overall market. Regulations: Regulatory changes or restrictions on cryptocurrencies could put downward pressure on prices. While the chart pattern suggests a potential upswing, technical analysis alone shouldn't dictate investment decisions. Further Considerations: Adoption & Use Cases: Increased adoption and real-world use cases for DOGE can contribute to long-term price appreciation. Remember: Musk's tweets have historically influenced DOGE's price, but confirmation about DOGE inclusion in X payments is crucial for a sustained surge. The Takeaway: The technical analysis offers a potential scenario, but a comprehensive understanding of market forces and news events is essential. For Informed Decisions: Conduct in-depth research beyond technical indicators. Understand the inherent risks of cryptocurrency investments. Invest only what you can afford to lose. By combining technical analysis with a well-rounded approach, you can navigate the crypto market with greater clarity and make informed investment decisions.
Long
by ParabolicP
2
Cipla Intraday for 03.05.202415 Min TF Trend: Sideways after upside breakout and again triple bottom and double top breakout. Price is under consolidation which is very good sign for further movement Many rejection candles founds in last hour which is sign of further movement upside Price has strongly bounced from 200 EMA Multiple rejection from breakout FVG Bullish is trying to form. Good sign of bullish Buy: Risky trader: Buy at 1426. Target around 10 Points(0.7%) Sell: Sell below 1410. It should cross 50 EMA for entry. Target near to 200 EMA Get confirmation from any of the leading indicators before entering trade Kindy comment below in case of any clarification required. Please follow for more ideas
NSE:CIPLA
by Swinging_Inside_the_BAR
AEVO: Reversal Pattern ! 10$ NEARAEVO is exhibiting a potential reversal pattern and appears poised for a breakout to the upside. After its initial listing on Binance, AEVO surged to an all-time high and then experienced a sharp decline, coinciding with a bearish market sentiment. However, recent price action suggests a potential reversal, mirroring the pattern that preceded the previous downtrend but in the opposite direction. Key Points: AEVO Swept All-Time High and Declined: Following its Binance listing, AEVO peaked at around $15 and then retraced significantly. This initial price movement can be attributed to both profit-taking and the overall market conditions. Reversal Pattern Formation: AEVO is currently forming a pattern that resembles the one that preceded the previous downtrend, but in reverse. This pattern suggests a potential reversal from the recent bearish trend. Horizontal Accumulation Sweep: AEVO is currently sweeping through a horizontal accumulation range, indicating the presence of significant liquidity at this level. This accumulation phase could serve as a springboard for a breakout. Bullish Outlook: Based on the reversal pattern, horizontal accumulation sweep, and potential market recovery, I anticipate a bullish breakout for AEVO. The initial target for the breakout is $10, with the potential for further upside movement if the momentum continues.
Long
by Yaroslav_Krasko
4
Dow Pattern Structure Signals Further SellingFollowing the recent completion of a head and shoulders top pattern (established off all-time highs at 18,464) on the Dow that hit its profit objective of 17,243, sellers could remain in control of this market according to yesterday’s bearish flag pattern completion, formed from 17,010 and 17,653. According to the bearish flag pattern’s rules of engagement, chart pattern traders will be eyeing as far south as 16,021 (derived from taking the flag pattern’s pole distance and extending this from the breakout point).
TVC:NDQShort
by FPMarkets
1
#HINDUSTAN ZINC #HINDZINC"Record annual silver & metal production with strong cost resilience amidst lower zinc prices; PAT at INR 7,759 Crore." Key Highlights : Hindustan Zinc is now the 3'd largest silver producer globally, with highest silver annual production, up 5% y-o-y Holds 2nd largest zinc reserves and resources globally Industry leading production growth rate with best-ever annual metal production Highest-ever quarterly refined metal production for 04 FY24, up 6% sequentially 1st decile of the global zinc mines cost curve; lowest annual COP in last 3 years at US$ 1,117/MT Quarterly Revenue up by 3% and EBITDA up by 2% Ranked first globally in S&P Sustainability Assessment in Metals and Mining sector
NSE:HINDZINCLong
by iism-ExpertTrading