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PEPE/USDT: Bull Flag Breakout and Retest, Market Entry NowPEPE/USDT has completed a bullish flag pattern with a breakout and successful retest. The setup suggests strong upward potential, and we're entering the market immediately to capitalize on this momentum. Aiming for a test of the recent high with a risk/reward ratio of 1:2, this trade leverages the current bullish sentiment. With the breakout and retest affirming buyer strength, now is an ideal time to engage for potential gains. Act swiftly to harness the unfolding uptrend.
Long
by IamForexTrader_com
Cautiously Long on BitcoinWe have been following the dotted line downward for 34 days and although in the last few it seemed like it was going to break it and go test the upper part of the larger triangle formation, it did not and instead we have just gone back under the dotted line in an even slower pace. If we take a look at the BTCUSDT liquidation heatmap from Coinglass with the lowest available frequency of 12 hours, there is a cluster of roughly FWB:30M + between the prices of $60.2-60.45K and I definitely would not be surprised for a swipe under that into the region of $58-59K (where the smiley faces are). However, if we zoom out the heatmap frequency, we'll see that there is much more liquidation leverage above the current price than below, so there may not enough retail players going long for the whales to flush at the moment. After a swipe down, I don't see a reason why we don't go up to test the upper range of that triangle formation. Also, The top three stablecoin dominance combined chart is still following a nearly intact downtrend since September of 2023. In my opinion, this LONG position would be invalidated if we break under the bull market support bands (blue and dark blue lines) onto a new low in the $55K range. At that point I would look to buy a little cheaper in the low $52-53K range. Although macro sentiment going into the summer doesn't seem very good, I don't think it'll be as bad as some are saying any time soon.
INDEX:BTCUSDLong
by houseofcarle
WFC 5/13/2023WFC WFC looking more like KFC to the bears. If you look at many of our banks and their stock charts, they have doe nothing but move sideways since the crash of ‘07-’09. Now about 15 years later, it looks like its time for the bears to finish off most of these banks and what we’ve known as our banking system. Was it a coincidence that Bitcoin was created 2008 mid-way thru the last collapse? Time to start putting one and two together. Daily chart analysis WTC was comfortably moving sideways between 44.50 - 58.60 between 2015-2020. Covid happened and price was shot all the way down to major support level at 23.70. A ton of fake money was printed during Covid and that helped price shoot back up and back into the previous range. After price reached the highs of 58.60, it was shot down and was unable to hold support level of 44.50. As price fell below support, it pulled back inform of a bear flag. Price has since broken down from bear flag resistance level. The bear flag was confirmed, and price is looks to enter downtrend. Price also pulled back to turn previous support into resistance. This is my cue to enter trade short. Entering trade short. Entry: 37.49 Stoploss: 43.40 (-15.76%) Target: 23.70 (+36.78%), 2.33 RR Ratio
NYSE:WFCShort
by rudcharts
2
Ethereum has a Good Bullish Sign!Hi. BINANCE:ETHUSDT Today, I want to analyze ETH for you in a 1D time frame so that we can have a MID-term view of ETH regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ETH has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ETH is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen! ✅ Due to the Ascending structure of the chart... 🟢 ETH has been Bullish Recently! 🟢ETH is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach $4100 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Bitcoin is ready to reach 70k! Here is why.Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more information and data to precisely establish long-term targets.  On the chart, we can see 2 parallel channels, the first is larger than the second. The larger one is still valid as the price is inside it, so we can use this knowledge to our advantage and potentially sell/short Bitcoin at the touch of the upper sloping trendline of the ascending parallel channel. But not now, Bitcoin is bullish, so enjoy the ride!  From the Elliott Wave perspective, I also have to be bullish because I see the dream setup of every Elliott Wave trader. What you want to do is catch the 3rd impulse wave and ride it until the end before the 4th corrective wave occurs. Basically, you want to trade a breakout of the 2nd wave or catch the bottom of the 2nd wave with the Fibonacci retracement tool. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
16
USDCHF: Top-Down Analysis & Trading PlanThe USDCHF currency pair has broken and closed below an important intraday support level, which has now become resistance. There is a retest of this broken structure happening, after the test of the support level of 0.9020. To consider shorting the pair, look for a bearish flag pattern on the 4-hour timeframe as confirmation. If there is a breakout below the bearish flag support with a 4-hour candle close, it will confirm the dominance of sellers. A bearish trend is expected to continue towards the 0.9020 support level.
by linofx1
3
BakeryToken (BAKE) token to 20 centsOn the above daily chart price action has corrected 40% from the recent high of 20 cents. Price action is about to return there. Why? 1) Price action and RSI resistance breakouts. 2) Price action confirms support confirms on resistance. 3) Bull flag breakout forecasts a 50% move in price action. Is it possible price action corrects further? sure. Is it probable? no. Ww Type: trade Risk: <6% Timeframe for long: Yesterday Return: 50%
Long
by without_worries
7
Bullish confliuence on the btc falling wedge & bear flag targetsWe can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very encouraging bullish confluence. The wedge being on the monthly time frame is more powerful than the bearflag which is on the weekly timeframe and the wedge has already confirmed a bullish break greatly increasing the likelihood that the bearflag which is a weekly timeframe pattern will also have a bullish breakout. To add to this the flag of the bear flag is a falling channel and those types of channels tend to break bullish far more often than they break bearishly. Bearflags usually only break up instead of down at the end of a downtrend or beginning of an uptrend as well, so if it does break up it is a very good sign that bullish momentum has control. One last thing that increases the probability of a break upward instead of downward is the measured move target for a break down from the bearflag is an impossible low negative number. All this combined I think we should see it break upward, but for the target to identically match the wedge target it is gonna need to break above the channel of the flag by the next 2 weekly candles. If this can happen then we are pretty much guaranteed the bottom is in. *not financial advice*
BINANCE:BTCUSDLong
by DrDovetail