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Whaleofallstreets

TSLA Forms Bullish Expanding Channel, Targets Breakout above $35TSLA has formed an expanding channel on the weekly timeframe, indicating potential bullish momentum. Currently, there is a bullish rally approaching the daily resistance and the upper boundary of the channel. Once the price reaches these levels, it's crucial to monitor closely for signs of either a breakout or a reversal in the price action at these key levels. Should TSLA manage to break out above the daily resistance and the upper boundary of the expanding channel, it could trigger a significant rally to the upside, potentially surpassing the $350 mark. Traders and investors should keep a watchful eye on these price levels to make informed decisions based on the evolving market structure and price behavior.
NASDAQ:TSLALong
by TraderChamp-Pro
Bitcoin Forms Bull Flag Pattern near Major Resistance LevelUnder the hourly timeframe, Bitcoin has recently formed a bull flag pattern, resulting in a neutral price action. The price is notably adhering to the daily resistance level, which serves as a significant sell signal for Bitcoin until a bullish breakout confirmation occurs. If the price successfully confirms a bullish breakout above the highlighted resistance, it is likely that Bitcoin's price will ascend above $32k.
Long
by TraderChamp-Pro
Bitcoin on Daily Resistance, We may see $35k Next with BreakoutRecently, Bitcoin has displayed a downward trend following its return to the daily resistance level. The ongoing bullish trend has completed four upward movements and is currently in its fifth wave. Should the price confirm a bullish breakout above this resistance, we can anticipate a continuation of the bullish rally towards the $35k mark. In order for this scenario to unfold, we require confirmation of the breakout, which may involve a slight pullback before the breakout or a clear and direct bullish move above the resistance within the next few days.
Long
by TraderChamp-Pro
Bitcoin formed an ABC Pattern on the Hourly timeframeBitcoin has experienced a bullish recovery following a sell-off that occurred below the highlighted support level. On the hourly timeframe, an ABC pattern has emerged, accompanied by a bullish breakout on the trendline. As a result, there is an expectation for the bullish trend to continue towards the recent highs at $27,250 and $28,100. However, it is worth noting that the major daily trend is acting as a resistance, and it is necessary to confirm a bullish breakout on this trendline in order to anticipate a move towards the target of $28,100.
Long
by TraderChamp-Pro
BABA with a Bullish Breakout on the Daily trendBABA has recently confirmed a bullish breakout on the daily trend, indicating a potential continuation of the upward momentum. The formation of a triple bottom pattern further reinforces the bullish outlook. As long as the support level holds, we can expect the price to rally towards the recent highs around $105. Traders should monitor the price action for further confirmation and adjust their strategies accordingly. It's important to stay informed about the latest market conditions and news related to BABA for a well-rounded analysis.
NYSE:BABALong
by TraderChamp-Pro
2
GBPAUD Breakout and Pullback. Bearish trend continuation aheadGBPAUD has recently confirmed a bearish breakout on the highlighted support level. Although there has been a pullback towards the support, the overall trend remains bearish. As such, we can anticipate further downside movement towards the previously established lows around the 1.83 to 1.82 range. Traders should continue monitoring the price action for further confirmation of the bearish trend continuation. It's important to stay updated with the latest market developments as conditions may change.
Short
by TraderChamp-Pro
Ethereum more possibilities for downside momentumOn the daily timeframe, #ETHUSDT has been exhibiting a bullish trend, but recently experienced a bearish impulse. As a result, we anticipate a potential retracement towards the trend line that has formed. Additionally, on the hourly timeframe, there is a bearish flag pattern formation, which further strengthens the possibility of a bearish breakout and subsequent downward movement. Traders should remain cautious and monitor the price action closely for confirmation of the bearish breakout and potential continuation of the bearish momentum. It's important to stay updated with the latest market information as conditions can change rapidly.
Short
by TraderChamp-Pro
2