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KAI KEN WETH on SupportLooking for upward reaction on symmetrical wedge/bull flag on the daily chart. Market cap still low compared to the other Japanese-dog-meme-coins. Decent fundamentals. Sharing my entry here, looking for 2x; cutting the trade if daily close below support; holding 50% moon bag if breakout.
DOYR, not trading advice
GOLD (XAUUSD): Intraday Bullish Signal
Following a structure analysis that I share earlier,
Gold nicely respected a key daily structure support.
I see a bullish breakout of a bullish flag pattern on an hourly time frame.
I think that more growth is coming.
Next resistance - 2417
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Alikze »» AKT | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in an ascending channel in the 1W time frame.
- In the short term after the break of the descending channel, as you can see, it is moving within a descending channel.
- After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone.
- In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel.
⛳️ Upside targets: 4.65 - 5.08 - 5.47
⛳️ Downside targets: 2.74 - 2.35 - 1.95
💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later.
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MPWR breaking daily resistanceReasons for bullish bias:
- Price gave ATH breakout
- Price-breaking strong resistance
- Simple DOW theory
- Entry at HH breakout plus pole breakout
- Bull flag formation
Here are the recommended trading levels:
Entry Level(CMP): 786.71
Stop Loss Level: 700.65
Take Profit Level 1: 872.77
Take Profit Level 2: 958.83
Take Profit Level 3: Open
BTC is forming flag for another dip?Heyyy traders!
Here are some thoughts on Bitcoin:
As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak.
So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k.
What's your thoughts guys?
TrueFI (TRU) - 350% returnOn the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Significant bullish divergence. Multiple oscillators print positive divergence with price action.
3) Bull flag break out with 350% target projection.
Is it possible price action prints lower highs? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <=6%
Time to act: days
Return: 350%
US DOLLAR INDEX (DXY): Time to Short The US Dollar Index has formed a bearish pattern, breaking down from a key support level and then retesting it.
On the 4-hour chart, a bearish flag has formed, which might trigger a strong sell-off as the pair has broken below the flag's support.
This confirms a strong bearish bias, increasing the likelihood of further downside. The next targets are 104.81 and 104.59.
Voltas bullish flag pattern breakout Bullish flag pattern breakout, along with potential DEMA crossover. Strong demand zones formed as well. Likely going to be a 15-30% bullish move in the future. Stock is currently in an uptrend making higher highs and higher lows.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
AUDCHF: Strong Bullish Pattern 🇦🇺🇨🇭
AUDCHF formed a classic bullish trend-following pattern.
After a strong bullish rally, the price initiated a correction within
a bullish flag.
Its resistance violation is a strong trend-following signal.
I think that the pair may retest 0.607 - current local higher high soon.
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EURGBP: Bearish Trend Continues? 🇪🇺🇬🇧
EURGBP is trading in a long-term bearish trend.
After the price set a new low in June, the market
started a correctional movement within a rising wedge pattern on a daily.
Bearish breakout of the support of the wedge may signify the
resumption of a bearish trend and a highly probable bearish continuation.
The price may reach 0.8437 level soon.
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WLDUSDT | Bear Flag!WLDUSDT is forming bear flag pattern which indicates further downward momentum. Break out and retest is already observed in the coin and further downward is continue currently. The pattern completes at $1 which is the support level of the price. This is just my observation, do your analysis before take long or short position.