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Alikze »» SHIB | Bullish Flag🔍 Technical analysis: Bullish flag in corrective zigzag wave 4
According to the analysis presented in the previous post, wave 3 or rising C in the area of 2.618 Fibo of the previous wave itself was completed.
💎 But now in the 1D time frame a bullish flag is formed in the form of wave 4 zigzag.
After exiting the congestion and descending channel in the supply range, it has faced selling pressure.
💎 Therefore, it can be offered after the pullback to the broken structure in the liquidity range by successfully collecting liquidity to break the zone.
💎 In addition, if the candle closes to the sub-zone in the daily time, the bullish scenario will be invalid and should be re-examined and updated.
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WLD/USDT LOOKS READY FOR A BIG PUMP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
WLD looks very good in the daily time frame. Forming a bull flag-like structure here. Also, holding an important support level and bouncing from here. Accumulate it here and hold it till the bull run, expecting 5-6x profit from here.
Entry range:- $2.0-$2.5
Targets:- $3.5/$4.4/$6.1/$8.8/$12.4/$16.2
SL:- $1.7
NZDCHF: Bullish Reversal Confirmed?! 🇳🇿🇨🇭
NZDCHF leaves multiple bullish clues on a daily:
I see a bullish flag pattern and a cup & handle formation.
Both the trend line and a neck line of the patterns are broken.
We can expect more growth now.
Next resistance - 0.553
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Last BTC drop before continue growth?Hey traders!
Here is a fresh update about market situation. Seems like we started to move in 3rd correctional wave of Elliot Waves and according to Fib Retracement we could possibly go to the level around 56.000$. This level is also huge support level for the bullish flag, in which we're moving already for 3 months.
Plus, the RSI is also going lower and looks like it could touch the edge, if we're going to 56k level.
If you're planning to trade, I will try to catch up the long position after the 3rd wave movement will come to the end.
What's your thoughts?
EURUSD: Top-Down Analysis & Trading PlanThe EURUSD price recently broke and closed above an important daily resistance level after a period of consolidation.
This broken structure now acts as a new resistance area.
There is currently a retest of this broken structure going on.
To consider going long on the pair with confirmation, look for a bullish flag pattern on the 4-hour timeframe.
Confirmation of buyer strength will come with a breakout above the resistance on the 4-hour chart.
A bullish trend is expected to continue towards the 1.0778 level.
LBPHRSI above 80
6 months flag at the ATH, following the gap +200% on x10 volume.
Broken out of the flag, sky is above.
Up+50% after the first close above WMA10 before the last breakout
AUDCHF Flag PatternAfter a slight correction at the 1.618 Fibonacci level, it seems that the price will continue its upward movement.
If the H4 candle closes above 0.60095, it confirms the formation of a swing low, with the prediction that the price will continue rising towards the nearest resistance.
Buy Stop : 0.60134
SL: 0.60014 (12 pips)
TP: 0.60374 (+2)
ETH: POTENTIAL BULL FLAG FORMATION!!Hey everyone!
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ETH is trading above the $3300 level which is quite a strong support. As you see in the chart, it is forming a bull flag-like structure in an 8-hour time frame and is currently, trading inside it. Once it breaks out from the bull flag we might see a good 30-40% rally to the upside.
Also, there is positive news that the SEC could approve spot Ethereum ETFs by July 4 so this definitely gives a good boost to ETH and Alts.
Entry range:- $3280-$3380
Targets:- $3900/$4200/$4600
Invalidation:- Close below $3250
What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Dusk Network - 200% waiting to be collectedOn the above 4-day chart price action has corrected 70% since the year began. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence. All but one oscillator continues to print positive divergence with price action.
3) Look left. Price action confirms support on past resistance.
4) Bull flag breakout. Flagpole measures 200% from breakout.
5) GRM support confirmed.
Is it possible price action corrects further? Sure.
Is it probable? No and no.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Now
Return: 200%
BTC agains SP500 looks positiveTo be honest, Bitcoin seems very negative both in the graphs against the dollar and against gold, but nevertheless against the SP500 it seems very positive as long as it does not break the two supports (black line and red line) and manages to overcome the orange resistance .
Dollar Index (DXY): Bullish Trend Continuation Pattern
I see a nice bullish pattern on an hourly time frame on Dollar Index.
After the price set a new higher high, the market started a correctional
movement within the expanding channel.
Such a channel is called a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish
trend-following signal that indicates the strength of the buyers.
With a high probability, the market will keep growing.
Next resistance - 106.25
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