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Harmonic Patterns

28.12.24 American Express - slowly downwardsAmerican Express is since decades Warren Buffett Darling. AXP last years with increasing fees and solid growth spent wonderfull earnings to the shareholders, even solid dividends. But during the last years, credit defaults increased rapidly. From quarter to quarter they increased accounting provisions. st. louis Fed statistic also very interesting. Small banks in Us with huge defaults, meantime by 7%. Highest value since 1991, even higher than 2008… So as a matter of fact, consumer sentiment also negativ. For 2025 expect recession and further increasing of defaults. Expext for axp sharp slump in earnings.
NYSE:AXPShort
by Flyerdan
wld range long"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
QBTS | It's Time | LONGD-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company's quantum computing systems via the cloud in the form of quantum computing as a service. It offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company was founded on January 25, 2022 and is headquartered in Palo Alto, CA.
NYSE:QBTSLong
by DivergenceSeeker
1
ATA - A strong candidate for a big pump!😁 Automat Network – an interesting name… Ranked 618 on CoinMarketCap, a low-liquidity asset. They’ve pushed the price down significantly, trapping newbies. “Invest $1,000, Ivan the Fool, and you’ll get $10,000, but without the three zeros.” ❗️ Currently, the price has stabilized after a -97% drop, just like many other new altcoins. However, this altcoin is from the 2021 cycle, which doesn’t matter much anymore – the price has been heavily dumped, but the asset hasn’t been pumped yet. 🟢 The downtrend is nearing its end, and a reversal is expected, aligning with the altcoin market’s preparation for a new season. However, keep in mind that the asset could still dip further into the capitulation zone, although this might not happen. At this point, the price is at its lowest, and if you’re considering a medium-term position, you can buy in and not worry too much. ⚙️ Trigger order recommendations: • Place an order below at $0.0693. • Alternatively, place it on the breakout at $0.1738 (slightly more expensive but less risky). Note: there could be a fake breakout from the current zone, so account for the risks. The price is currently being “squeezed,” with stop orders being collected from margin traders. ✔️ If you’re using margin trading: • Do not exceed 1.6-2x, with a maximum of 3x leverage. • Higher leverage will likely lead to full liquidation. • Stick to risk management: if the price drops lower, have a “safety cushion” prepared in advance to act when needed. 🎄 With the holiday season approaching, there’s a chance for a reversal or at least a breakout from the current channel. ⚠️ Profit-taking zones: • The first target is $0.38 (a +238% gain from the current price). • However, it’s better to set slightly lower targets to secure profits before the mass take-profit zones hit. If the asset breaks out of the range, there may be some consolidation and a continuation of the trend. The chart looks similar to many other low-liquidity altcoins, but this one has the potential to deliver excellent returns. Important: Stick to your strategy, avoid impulsive decisions, and always consider the low liquidity of the asset!
Long
by TypicalTraders
1
MANA MACD bullish crossover appears to be formingCup and Handle Pattern: The chart shows a classic cup and handle pattern. This is a bullish continuation pattern: The cup phase has completed, showing a rounded bottom, which is a strong base formation. The handle phase is currently in progress, forming a slight downward consolidation. Key Levels: Cup Resistance: Around $0.65 - This is the breakout level from the cup's rim. Handle Support: Around $0.46 - This is the lower bound of the handle's consolidation. Key Support Levels: $0.46 (Handle Support). $0.22 (Major Horizontal Support). Projected Target: Upon breakout above the $0.65 resistance, the target can be calculated by adding the height of the cup ($0.65 - $0.22 = $0.43) to the breakout level. This gives a target of approximately $1.08. Trend Analysis: After a strong bullish breakout earlier in the year, MANA is currently consolidating in a descending wedge or falling channel. This pattern is typically bullish if the price breaks to the upside. The support and resistance lines of the wedge are well-defined, and a breakout is anticipated soon. Key Levels: Support: Around $0.2933 (strong horizontal support from previous lows). Resistance: Around $0.60 (recent highs and psychological level). Descending Resistance: Defined by the upper trendline of the wedge. Indicators: MACD: A bullish crossover appears to be forming, suggesting potential upward momentum. Volume Oscillator: Low volume during the consolidation phase, which is normal for wedge patterns. Watch for an increase in volume on a breakout. MFI (Money Flow Index): At 71.09, the MFI is approaching overbought levels but still supports upward momentum. RSI: At 66.93, the RSI is nearing overbought territory, indicating some caution. DMI (Directional Movement Index): The -DI (bearish strength) is converging with +DI (bullish strength), and ADX (trend strength) is moderate, suggesting that the trend is undecided but could intensify after a breakout.
Long
by Aroundthesun