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Confirmation of Bear Flag?? - EUHere I have EUR/USD on the 4Hr Chart! Since the LOW on Apr' 16th, Price has been traveling in what looks to be an Ascending Channel! Price today was unable to make a NEW HIGH to give us another test of the Rising Resistance and instead gave us quite the drop out of the Ascending Channel! With this break, I believe multiple confirmations are pointing to this price action being CONFIRMATION of PATTERN being a BEAR FLAG!! -RSI BELOW 50 -Price working BELOW DSR -Price BELOW 200 EMA -3-Point Sell Check Bear Flags are a strong continuation pattern typically giving investors the ability to foresee Selling Opportunities with Price giving a Strong Bearish Break of pattern, then to Test the Break of Pattern which is what I am currently waiting for!! -Once the current LOW has finished forming, I want to see price retrace to the Break of Pattern being in the ( 1.069 - 1.07 ) range for potential Sell Entries! *TP will be the Support Zone last visited in Oct. 2023 @ ( 1.0516 - 1.0462 ) *SL TBD
Short
by Novi_Fibonacci
GameFi: Top Sector for 2024 with Huge Potential🚀🚀🚀The GameFi sector, a fusion of gaming and decentralized finance (DeFi), has emerged as one of the most promising areas within the cryptocurrency landscape. This sector has gained significant traction in recent years, attracting both gamers and investors seeking exposure to innovative blockchain-based applications. What is GameFi? GameFi revolutionizes traditional gaming by introducing play-to-earn mechanics, where players can earn rewards in the form of cryptocurrencies or non-fungible tokens (NFTs) for their in-game activities. This integration of blockchain technology into gaming ecosystems creates a new paradigm where players can monetize their time and effort, fostering a more engaged and ownership-oriented gaming experience. Top 5 GameFi Projects with High Growth Potential in 2024: Immutable X (IMX): A layer-2 scaling solution for the Ethereum network, Immutable X focuses on enhancing the user experience for NFT-based games. It offers gas-free minting and trading of NFTs, making it an attractive platform for game developers and players alike. Price Prediction: I anticipate a sweep of local lows and a retest of the $1.4 level, followed by a potential surge towards $5. Floki Inu (FLOKI): A dog-themed meme coin with a strong community and a focus on developing a decentralized gaming metaverse called Valhalla. Floki's price action has exhibited consistent retests of its ascending support line. Price Prediction: I expect the third retest of the trendline to be a fakeout, leading to a downward move to capture liquidity below. Gala (GALA): A blockchain-based gaming platform aiming to create an interconnected ecosystem of games and NFTs. Gala has formed a significant liquidity pool beneath well-defined lows while simultaneously establishing lower highs (without sweeping liquidity above). Price Prediction: I anticipate a sweep from below to initiate a more accelerated upward trajectory. Axie Infinity (AXS): A pioneer in the GameFi space, Axie Infinity gained immense popularity in 2021. The project features a unique gameplay where players breed, battle, and trade Axie creatures, represented by NFTs. Price Prediction: I expect a retest of the 0.5 imbalance level and the $4.6 price point. Illuvium (ILV): An open-world fantasy RPG built on the Ethereum blockchain, Illuvium combines immersive gameplay with NFT ownership and play-to-earn mechanics. The project has gained significant traction in recent months. Price Prediction: I anticipate a fakeout breakout at the bottom of the bearish flag pattern, followed by a swift upward movement. The GameFi sector presents a compelling investment opportunity in the dynamic cryptocurrency market. The integration of gaming and DeFi offers a unique value proposition, attracting both gamers and crypto enthusiasts. The projects mentioned above, each with their distinct features and growth potential, are worth considering for those seeking exposure to the promising GameFi landscape.
Long
by Yaroslav_Krasko
2
ATOM/USDT Local trend. Pivot zone.Logarithm. Time frame 1 day. Pivot zone. A triangle was formed under the descending trend. 🟢 Its breakthrough — reversal and price growth. 🔴 No breakout and downward breakout of the triangle — realization of expected targets of the descending pennant. Stop losses are now very short. On a larger scale on the linear looks like this. Pair to bitcoin. Very important. Highly liquid HYIP alts market as a whole. Published on 10 08 2022 see the idea, description + click play on the chart, this is a closed idea previously. ATOM/BTC Major trend. Asynchrony. The big secret.
by SpartaBTC
2281: Potential Bullish Setup (Golden Pocket)Tanmiah earlier broke ATH and took correction Price is moving in descending channel, however, price has reached a significant support level golden pocket (fib level) confluence breakout will be bullish flag formation Morning star formation at support level is positive for bullish trend after correction Entry at current price or after breakout of channel (confirmation of HH and HL) SL below Morning previous HL Ride the trend with trailing SL
TADAWUL:2281Long
by YASIRWA
FOMC: A Wait-and-See ApproachIt is pretty much a sealed deal that the Federal Open Market Committee (FOMC) will hold the line tomorrow at 6:00 pm GMT, keeping its overnight benchmark rate unchanged at 5.25%-5.50% for a sixth consecutive meeting. While there is no update for economic projections at this meeting, you will recall from the last policy-setting meeting in March that the quarterly Summary of Economic Projections (SEP) communicated that Fed officials still expect to ease policy by three quarter-point rate cuts by year-end, unchanged from December’s (2023) projections. However, this may be altered at June’s meeting, given inflation. Inflation remains a sticking point for the Fed in light of recent data showing a deceleration in the speed of disinflation. The latest March US CPI inflation print revealed that year-on-year headline CPI inflation rose +3.5%, up from +3.2% in February, which was a touch higher than economists’ estimates of +3.4%. Inflation has fluctuated between 3.7% and 3.0% since mid-2023, emphasising stickiness and that ‘the last mile’ back to the Fed’s 2.0% inflation target is a little bumpier than some anticipated. The latest CPI inflation also marks the fourth consecutive month that we have seen headline inflation beat estimates. The question, therefore, is whether this is still a bump in the road towards the Fed’s inflation target or something more; one thing is certain is that it has made the task of choosing a timeline when to ease policy a little more complex. Will the Fed Hike Down the Road? At this point in time, it is highly unlikely that the Fed will increase the Fed funds target range in the immediate future. However, that door has yet to be closed. Should inflation continue to increase both in headline and underlying inflation and prove not to be simply a bump in the road, then the Fed may not have much choice but to pull the trigger and hike once again. According to market pricing, however, less than 40bps of easing is priced in for the year ahead, with a 25bp cut fully priced in for November's meeting. Fed Officials Echo the Need for Patience Fed policymakers have been reasonably clear leading up to this week’s meeting: the need for more time and concern regarding inflation. Fed Chair Powell essentially kicked things off with comments regarding the need to allow ‘restrictive policy further time to work’ and that more evidence is required on inflation. Vice Chair Jefferson reaffirmed these comments, stressing that the Fed funds target rate may have to remain higher for longer. Susan Collins, president of the Boston Fed, further stressed the need for more time, together with similar comments from Federal Reserve Bank of Minneapolis President Neel Kashkari and Atlanta Fed President Raphael Bostic. Tomorrow’s attention will be on the accompanying rate statement and the press conference. Limited change in the rate statement’s language is expected, essentially repeating that more confidence is required before easing policy. Powel is also expected to echo a hawkish vibe in his press conference thirty minutes after the rate announcement, citing recent inflation metrics, reasonably strong economic activity and robust employment growth. DXY Caught Between Limits of Bullish Flag Pattern Ahead of the event, buyers and sellers are squaring off from daily support, coming in at 105.67, shaped by way of a bullish flag pattern structure taken from 106.52 and 105.74. Should we see a hawkish tone out of the Fed meeting tomorrow, this could be enough to prompt USD bids to lift the US Dollar Index above the upper boundary of the bullish flag towards at least daily resistance between 106.89 and 106.79. However, leading up to the FOMC announcement, it is important to note that US labour data is scheduled to make the airwaves, which could influence price action. We have the ADP non-farm employment change up at 12:15 PM GMT, followed closely by the ISM Manufacturing PMI release and the JOLTs report at 2:00 pm GMT.
TVC:DXYLong
by FPMarkets
TAP ( Coors Molson Miller ) Ready for Bullish Continuation?On the daily chart, TAP was on a good trend up heading into earnings which were favorable. It is consolidated since just after earnings in a " high tight bull flag pattern" Volume has been healthy with many buyers and seller trading shares in a tight range channel. The stochastic RSI is now at about 20% indicating TAP is in the oversold / undervalued area. The optimized artificial intelligence moving average indicator shows parallel rises in both the short and long MAs ( neither divergence nor convergence just consistent ). This is a minor healthy pullback and a good entry point. Fundamentally, the summer beer- drinking season will soon arrive. TAP may be benefitting from the BUD backlash over the Bud Lite endorsement controversy. My call options have been appreciated 50% in the past 2 1/2 weeks ( 4% per trading day ). I will roll them into the call options expiring 9/15/23. I consider TAP to be a steady consistent gainer and likely more or less recession-proof.
NYSE:TAPLong
by AwesomeAvani
Bullish vs ImbalanceBased on the technical analysis of the Bitcoin chart, we observe that the impulse beginning on January 23rd reached the minimum correction level of a 0.382 Fibonacci retracement on April 13th. This movement has initiated the formation of what appears to be a bullish flag pattern. The impulse range is approximately $35,000, and with the flag's bottom line currently near $60,000, we project a target for this bullish flag to be around $95,000. Additionally, the next significant Fibonacci retracement level, the 0.618, is located around $52,000. Should the price break below the bottom line of the flag, this level could serve as the next target. Importantly, this $52,000 level is most likely critical because an imbalance was created during the period of February 26-28, which could act as a magnet for price movements. Investors should monitor these developments closely, as a breakout from the flag pattern, especially downwards, indicates potential changes in the momentum and market direction. As always, I recommend diversification and careful risk management in your investment strategy. Keep an eye on market conditions and other macroeconomic factors that could influence price movements.
by MyNameIsEmrah
1
Bitcoin in the bullish channel.As the analysis on the chart. Bitcoin is currently on the bullish channel (namely the bullish flag, bull flag ). The pattern I found in the 4h timeframe is pretty obvious, and very clear . If it breaks the upper resistance (preferably with a confirmation), it most likely would be 85K in a few weeks . Although since 70% or more confidence in terms of probability the bullish flag has, more likely to go up, still if it breaks the lower support, it could be a plummet (target 52.2K) . Though, it also can be a false breakout, considering the current fundamental situation. That's all.
Long
by fumiyaorg