EURUSD upAfter the upper trendline breakout, there is an opportunity to look for an entry buy position
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EURUSD upAfter the upper trendline breakout, there is an opportunity to look for an entry buy position
BTC in Elliot Waves Pattern. Bullish flag breakout soon?Hello guyzzz!
New week, new market update!
We are still in the same 3-month bullish flag. Adding Elliott Waves and a red rectangle here, if we reach it, will be the best option to open long positions.
Also, it seems like we're trying to retest the resistance line of the flag for the second time. If we don't reach the box, I think I will open a position around $66,000-$67,000 because, according to seasonal analysis, we are really close to the middle of the month, and the breakout can happen soon.
For sure, I suppose the movement will not be very active due to low volumes and the summer season, so be careful, use SL, and follow RM strategy!
Share your market vision in the comments 👇👀
Trading opportunity for RVNUSDTBased on technical factors there is a Buy position in :
📊 RVNUSDT
🔵 Buy Now
🪫Stop loss 0.02570
🔋Target 1 0.03220
🔋Target 2 0.03600
🔋Target 3 0.04300
💸RISK : 1%
We hope it is profitable for you ❤️
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GBPUSD: One More Bearish Setup For TodayI noticed another bearish signal on the GBPUSD chart. The price was respecting a rising trend line until it hit a significant horizontal resistance level.
This led to a bearish breakout and the support of the flag pattern was breached. As a result, the pair is likely to decline further.
The target levels to watch for are 1.2685 and 1.2648.
Bitcoin - 10% crash is coming, buy at 62k (here's why)Bitcoin is preparing for a pretty significant crash (in June). Why do I think so? We need to look at the previous price action because in May, Bitcoin pumped by 25%. If we take a look at May's price action, we can see that the uptrend created a FVGAP at 62k, and these gaps tend to be filled sooner rather than later. This is, of course, not the only reason why I am bearish.
From the Elliott Wave perspective, Bitcoin finished the first impulse wave (1) and after such move we can expect a corrective ABC pattern because markets always move in waves. In general, a typical retracement for waves (1) is 0.618 FIB and also 0.382 FIB in strong bull markets. The 0.618 FIB overlays perfectly with the mentioned FVGAP, which gives us a pretty solid buying opportunity if the price reaches this level. The next good opportunity is to short Bitcoin on the futures market.
The next reason why I am bearish is this small red trendline. As you can see, the trendline is breaking down, which is, of course, a sign of weakness. This trendline is part of the rising wedge pattern, so it adds to the overall bearishness. Currently, I am bearish, so be careful during the summer as the price action is not the most volatile for Bitcoin during this season.
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.
USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭
USDCHF is currently testing a key daily horizontal support.
To buy this structure with a confirmation, pay attention
to an expanding wedge pattern on a 4H time frame.
Your confirmation to buy the pair will be a bullish breakout
of the resistance line of the wedge.
A bullish continuation will be expected at least to 0.9155 then.
If the price drops below the underlined green area,
the setup will become invalid.
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GOLD (XAUUSD): Very Bearish Setup ExplainedA huge significant head and shoulders pattern has emerged in GOLD on a 4H chart, with the price also creating a bearish flag pattern as it forms the right shoulder.
Both the support line of the bearish flag and the neckline of the head and shoulders pattern have been breached, with a 4-hour candle closing below them.
It is likely that the pair will now decline further, with potential targets at 2307 and 2382.
JASMYUSDT Bull Flag Breakout Targeting 1.618 Fibonacci ExtensionJASMY is currently breaking free from what appears to be a tight Bull Flag that it's formed at the locals highs. A move above the consolidation zone could take JASMY to extremely higher highs as beyond 4.9 cents lies no resistance at all and only a history of moving straight up and down which can be seen on the older spot chart of this coin. With that in mind, one would think it could trade as high as 2 dollars if the resistance were to break.
S&P 500I have discussed about the bullish patterns seen in this chart.
Buy above 5310 with the stop loss of 5300 for the targets 5330, 5350 and 5380.
Sell below 5290 with the stop loss of 5300 for the targets 5280, 5260 and 5240.
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again.
Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish.
Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point.
Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.
Big Bull Flag: Bullish Divergence on September after Halving..In this chart we represent 4 hours daily, where around Sep 2024 BTC goes 6-10 fold. Price ranges of 300K - 500K.
BTC in huge bullish flag, when the breakout?Hello traderz!
Happy to see you at the new trading week. Didn't post previous week, cause the BTC still moving in the same bullish flag.
What is my thoughts and when we going to break it?
End of the week we entering new month and, according to previous movements, we can see some growth middle of June and after again the correction till September cause summer is not really active for crypto even in bull run. Plus we still have descending volumes.
Bullish signals:
1) Golden cross
2) Time cycles
3) Flag breakout (if will happen, can move SL)
Doubts (or why to be careful):
1) Descending volumes
2) Weak market reaction
3) Summer season
So I think we can long BTC from support line at around ~ 63.000$-65.000$ and I will suggest not to be greedy, take 30-50% with 10x leverage and close position.
What's your thoughts?)
Dollar Index (DXY): Bearish Pressure Remains 💵
Looks like Dollar Index completed the correctional movement
and ready to go down again.
I see a bearish flag pattern with a confirmed violation of its support on 4H.
The market may reach 104.2 soon.
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EURUSD will going bullish, have inverse SHS pattern tooEURUSD will going bullish, have inverse SHS pattern too...againts USD
DXY bearish, has SHS patternDXY will bearish, has SHS pattern dan already retest.
Lets See
Happy Trading
Disclaimer On
EUR/USDEUR/USD analysis: technical levels and factors to watch
The EUR/USD rebounded on Friday after experiencing losses the previous day. The euro has been falling within a pattern that could either be a short-term bearish channel or a potential bullish flag. The upcoming week may clarify this, as key inflation data from both the US and Eurozone are anticipated, as mentioned. The underlying trend is arguably bullish following the break of the bearish trend line that had been in place since December. However, the subsequent loss of bullish momentum has reduced the appeal of the EUR/USD from a short-term bullish perspective. Still, the bulls will be content for as long as key support around 1.0800 area holds. Short-term resistance comes in at 1.0850, which was being tested at the time of writing late in the day on Friday.
Hooked Protocol (HOOK)On the above daily chart price action has corrected 80%. A few reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action trend reversal. Higher highs replace lower highs.
3) Support and resistance. Look left. Price action prints support on past resistance.
4) The bull flag flagpole forecasts a move to 2.50
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Yesterday
Return: Did you read the idea?
Conflux (CFX) to $2.20On the above 3-day chart price action has corrected 80% since March of this year. (Remember 90% of traders lose money, this is now reflected in price action). A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action finds support on the Golden Ratio. How you should think of this, there’s more buyers now than sellers.
4) Notice the support on the 21-week EMA? (Blue circles). Look now where price action has confirmed support.
5) The bull flag. From the flagpole to the breakout a 1500% measured move is forecast. This is $2.20.
6) GRM support is confirmed.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe to act: Now
Return: 1500%
$GALP.LS #GALP buy signals!$GALP.LS #GALP had buy signals within #bullflag correction. Corrected to 20d EMA as expected and, once 19.50 resistance was overcome, the sky was the limit. If it passes 20.00, 21.00 is likely!
$SON.LS #SONAE on the way to 1.03!Positive biased since end March. Good entries since 18/Apr after oversold RSI on lower timeframes, climbing from low of flag channel and breaking multi-month trendline. Took some profits 20/May on the daily #MACDcrossover, but had a great reaction to earnings and got to our 0.96 target on increased volume. Letting it ride some more, next target 1.03.
