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Bullish Flag

Cardano bullish flag TGT 0.5592Hay Trader! This analysis is based on the idea of a Bullish Flag. The flag is visualized by the green support line and the red resistance line. Within these lines, the price has moved since the beginning of May 2022 and created this bullish formation. Using the Fibonacci instrument, a number of resistance levels can be expressed in the analysis. These resistance levels which are also potential support levels are located at 0.3926, 0.6903, and 0.8996 respectively. In addition, the instrument can also be used to determine where the target should be placed in relation to the price development of the formation (0.5592). With a good safety net in the form of support levels at 0.2395 and 0.3288, the price has some security. In addition, it can also be seen from the recent day's development that the price has recently experienced a high trading strength. I hope this analysis was instructive and came up with some good points that can help create a picture of Cardano's current situation and how it is going to evolve in the future.
Long
by Aksel_Rom
2
Cardano bullish flag formationHey Trader! This analysis is based on the idea of a Bullish Flag which is illustrated in this analysis. The thick bottom line that follows the market price is the support line for Cardano. On the other side of the price is the resistance line. This flag is pointing downwards which is a strong signal that the price will break out as a bullish breakout. Since late December, when the price formed the current strong support at 0.2395, the price has begun a bullish trend where it has recently shown its potential to break this flag formation. If the price is to follow Fibonachi's indication, the price has the potential to reach the target at 6.0035 I hope this analysis was instructive and can be used for thinking about how the price trend can potentially fluctuate in the future.
Long
by Aksel_Rom
W - strong price actionW had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high volume day. Since then it had pulled back a little, forming a potential bullish flag. Will the recent gap close soon? not necessarily, if it is a breakaway gap (which usually signify the start of a new trend). Can only wait and see. Meanwhile, it is worth a shot to go long as long as it starts to break above the bull flag, with initial stop loss placed just slightly below the start of the gap @ 46.70. Trail stop up once the trade goes our way. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:WLong
by Juliac
2
Cardano - Explosion is ticking! Bull flag ready. ADA is definitely ready for a massive breakout on the major 3D/1W chart! I see a lot of signs, which I will show you in this analysis! The first bullish pattern is this huge falling wedge, which is very close to a breakout, and you probably want to catch this upcoming explosion! Also, we can see the previous descending triangle that broke down in fall 2022. Descending triangles occur before the end of the downtrend, so keep that in mind! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. On the way up, I see only three significant resistances. The first is the previous wave A, because people can speculate on its continuation to the downside to make an impulse wave. The second is the 0.618 FIB on the LOG scale, which is undeniably strong resistance along with the beginning of wave B. And the third resistance level is the previous all-time high. From the Elliott Wave perspective, the whole downtrend from September 2021 to December 2022 looks like an ABC ZigZag correction. This ZigZag is inside the bullish flag, which is especially powerful. Wave C finished at the 1:1 FIB extension from wave A to wave B and at the 0.5 FIB of the previous bull market from 2020-2021, so it definitely makes sense to me. Taking profits at the 0.618 FIB appears to be very efficient because after prices reach this level, we can expect sideways price action or a downside correction. The crypto market shows strong signs of a trend reversal, and I believe Bitcoin could reach around 30k pretty soon! More Bitcoin ideas will be posted soon, so stay tuned, and I wish you great success and happiness! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
70
LTC IS READY FOR 10% PUMP !!! HOURLY TF Based on hourly time frame, LTC formed a bullish flag pattern 1.Entry at FIbonacci 0.5 Zone / 0.618 Zone WIth TP 1 at $ 91.62 and TP 2 at $ 96.7 2.DYOR, This is just my opinion , If the price break down the flag trade will invalid 3.Bullish Divergence on TF 1h Stochastic price goes up while the candle goes down Thanks for reading my post, you can help me with the rocket bottom below, Be a smart traders and have a good day everyone !!
Long
by RyanSwingGBPKing
1
XLM Stellar Lumens - 2000% profit on this trade! XLM is starting a huge bull market right now! 2000% profit is real, and in this analysis I will tell you why! This is the macro outlook on the 3D/weekly chart. The previous bull market from 2020 - 2021 was very impulsive, and this proves how strong this coin is. We can clearly see a falling wedge or a bullish flag pattern that is very close to an explosive breakout; you don't want to miss it at all costs! Furthermore, this pattern is an ABC correction from an Elliott Wave perspective, which is extremely powerful when combined. You want to see a bullish flag with a zigzag pattern inside of it. What is the profit target? We can use a parallel channel projection to establish the end of the bull market, which is around 2 USDT. It also depends on how fast the uptrend is going to be. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. On the way up, we have a lot of resistance, so check it out; I marked it on the chart. All of these are very significant levels. There is no full price history of the XLM coin on TradingView, but if you take a look at Coingecko or CoinMarketCap on the LOG scale, then you will see how strong and stable this coin is. The bull market is starting, and you want to deploy your USDT and buy some great coins, such as XLM, or you can trade futures as well. This January is like the best month ever, so enjoy it! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
105
Bitcoin - Exponential pump, right now! (must see). I know more about bitcoin than anyone else, and I am telling you that this bear market rally will be huge! But at the end, it can be destructive. Bitcoin is absolutely prepared for an exponential pump to 38,981 USDT! In this analysis, I will tell you why, so keep reading, you don't want to miss it! First of all, a major impulse Elliott Wave has been completed (69,000 -> 15,476), and people are calling for 13K, 10K, and 6K. I think it's definitely possible to reach these low levels, but first we should have a bullish ABC retracement (correction), and I was looking for an optimal retracement level, which is the 38,981 level. Why 38,981? It's the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure's POC. This is the strongest level, and it's the open gate to a new all-time high. Unfortunately, this is going to be a bear market rally, and after we hit 39k, we could continue in the bear market and fall down to 6k–10k to complete this bear market. If you want Bitcoin to grow exponentially, hit the like right now! The volatility index on BTC is at an all-time low, which suggests an exponential move is likely. I think the move is going to be to the upside because there is not enough fuel to go down. The falling wedge is a huge barricade, and the bears don't want to go against it. So for the bears, it's better to transform into bulls and ride the bear market rally! Have you seen that huge green dildo on Solana? It's an indication of a trend reversal not only for this coin but for the whole crypto market. What's more, if we take a look at the RSI indicator on the weekly chart, we can spot a bullish divergence, which is a very strong indication, especially in the crypto market. All markets move differently, and the crypto market follows the RSI and the Elliott Wave theory much more than others. Anyone who tells you that his strategy or bot works on all types of markets, such as forex, stocks, crypto, and commodities, is most likely lying to you. A bot that is profitable on forex is absolutely not profitable on crypto. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. A 131% pump from the current price is likely, and it's time to fill your bags with altcoins if you trade on the spot market. Otherwise, you can open a leveraged position on bitcoin on the futures market. Personally, I am a futures, options, and spot trader. I want to take advantage of all of these products. Look at my extremely important idea about "Bitcoin: All of the Reasons Why the Bottom is Near (in)" from November 13, 2022 in the related section down below; you must see it! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
142