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Three Drives

🚀 DOGE: From Memes to Moonshots! 🌕DogeCoin (DOGE) has transcended its meme origins, showcasing resilience by trading at elevated levels compared to its historical lows. The chart narrative unfolds within a descending channel, a setting that historically paves the way for intriguing price action. Let's delve into the DOGE dynamics, balancing on the edge of a potential bullish breakout. Chart Analysis: DOGE's Ascent Above the Norm DOGE, the crypto that began as a meme, is now positioned in a noteworthy range relative to its historical performance. The elevation from its lows signals a bullish undertone, catching the attention of traders. The current downward channel sets the stage for a unique interplay of liquidity dynamics, often observed in breakout scenarios. Anticipated Move: Aiming for the Stars with the Three Drives Pattern As DOGE navigates the descending channel, the prospect of a Three Drives Pattern emerges. This pattern, characterized by a sequence of higher lows, hints at an upcoming breakout. Each descent into the lower boundary leaves a trail of liquidity, setting the stage for a potential bullish surge that could propel DOGE to new heights. Trading Strategy: Charting the Course for DOGE's Moonshot For traders eyeing DOGE, the heightened levels combined with the descending channel present an intriguing setup. The Three Drives Pattern adds a layer of anticipation, making strategic entry points pivotal for those aiming to ride the potential moonshot. Vigilance during the upcoming price action is key to capitalizing on DOGE's transformative journey. Conclusion: DOGE's Evolution Continues DOGE's trajectory, from meme coin to an elevated trading range, suggests a narrative beyond its cultural origins. As the Three Drives Pattern hints at a potential breakout, traders prepare for a journey that could see DOGE reaching for the stars. 🚀 DOGE Analysis | 📈 From Memes to Moonshots | 🌕 Three Drives Pattern ❗See related ideas below❗ What are your thoughts on DOGE's evolving story? Share your predictions, strategies, and moonshot expectations in the comments! The DOGE journey continues, and your insights add to the vibrant narrative. 🚀🌕💚
Long
by Yaroslav_Krasko
1
VET: Three Drives Pattern Fractal 📈🔄In the intricate dance of patterns, VeChain (VET) has caught our attention with a fascinating tale. The recent shift from a bearish trend, marked by the Three Drives pattern, has now given way to a bullish narrative. Let's unravel the patterns and explore the potential bullish strides, as VET appears to embark on a reversal journey. 📈🔄 The Three Drives: A Bearish Prelude: VeChain's journey took a turn into bearish territory as it completed the Three Drives pattern. Three distinct drives downwards marked a phase of bearish momentum, leading to a significant price decline. Reversal in the Making: Pattern Recognition: VeChain is now showcasing a pattern reversal, reminiscent of the Three Drives but in a bullish context. This pattern typically involves three significant lows, signaling a potential shift in momentum. Similar Structure: Just as the Three Drives marked a bearish trend reversal, the current pattern suggests a bullish turnaround. The repetition of similar structures is a fascinating aspect of market dynamics. The Bullish Targets: With the emergence of the bullish pattern, the next question is where VeChain might be headed. Target Price: The initial target for this bullish move is set at $0.036. This level becomes a point of interest for traders anticipating a continuation of the upward trajectory. Trading Strategy: Confirmation: Wait for confirmation of the bullish reversal through price action, ensuring that the pattern is indeed leading to an upward move. Volume Analysis: Monitor trading volume during the reversal. A surge in volume can validate the strength of the bullish momentum. Risk Management: As always, employ risk management strategies to safeguard your investments in the dynamic crypto market. Conclusion: VeChain's journey, marked by distinct patterns, has transitioned from bearish drives to the potential for bullish strides. As the market unfolds, strategic traders may find opportunities aligning with the emerging trend. May your trades be in harmony with the patterns of the crypto market. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now. In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021 The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow. Here are my levels to watch out for, Here are my recommended options for entry. You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade. At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days. Here are the levels to watch. Set alerts are applicable prices. Support / Entry level: $.1230 Resistance Zone 1: $.1405-$.1520 Target 1: $.2390 +97% Target 2: $.3610 +190% Target 3: $.5070 +320%
Long
by Helios_Capital_Investment
📈 NEAR Falling Wedge Breakout ! Prepare to be amazed by Near Protocol's recent price action, which has unveiled a masterpiece in the world of chart patterns – a massive falling wedge. As this wedge pattern developed right above a significant support zone, the subsequent breakout couldn't be more bullish, setting the stage for exciting potential price movements. 📐🚀 Unwrapping the Falling Wedge The falling wedge is a remarkable chart pattern in which the price forms a series of lower highs and lower lows, converging within two trendlines that slant in the same downward direction. This pattern typically signals a bullish reversal, hinting at the potential for an upward surge. A Showcase of Bullish Precision Near Protocol executed this falling wedge with textbook precision. What's more, this pattern materialized just above a substantial support zone, further emphasizing its importance. The price approached the pattern with a bounce off this support, retesting the zone before gracefully breaking out. The Path to Price Appreciation The breakout from a falling wedge like this suggests that Near Protocol is poised for a considerable price appreciation. Such patterns are often accompanied by increased buying interest and trading volume, creating ideal conditions for substantial upward movements. Trading Strategy: Capitalizing on the Breakout For traders and investors in the crypto space, recognizing and capitalizing on these patterns is a fundamental skill. The breakout from a falling wedge can be an excellent opportunity to enter or add to a position, provided it aligns with your overall trading strategy. Conclusion: Near Protocol's Artful Ascent Near Protocol's falling wedge breakout is a testament to the artistry that price action can exhibit on the charts. As we witness this spectacular move, it's an opportune time to stay vigilant and explore the potential that this bullish pattern may bring. 🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis ❗See related ideas below❗ Share your thoughts and insights of Near Protocol. 💚🌐💚
Long
by Yaroslav_Krasko
1
$XRPUSDT XRP entry PT .4876 end of flag on 11/29/2023 Target XRP (XRP) price has increased today. The price of XRP (XRP) is $0.577456 today with a 24-hour trading volume of $1,647,722,093.60. This represents a 3.58% price increase in the last 24 hours and a 7.14% price increase in the past 7 days. With a circulating supply of 54 Billion XRP, XRP is valued at a market cap of $30,899,601,122. What is Ripple? Ripple is a privately-held fintech company that provides a global payment solution via its patented payment network called Ripple Network (also known as RippleNet). RippleNet is a payment network that is built on top of Ripple’s consensus ledger, called XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP Ledger. Unlike most cryptocurrencies out there that cater to peer-to-peer needs, Ripple was made to connect banks, payment providers and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees. What is the XRP Ledger? XRP Ledger (XRPL) is the open-source distributed ledger that is created by Ripple. The native cryptocurrency of the XRP Ledger is XRP. Compared to Bitcoin (BTC) which uses a distributed blockchain whose transactions are processed and secured by proof-of-work mining, XRP transactions are processed by a network of trusted validators on the XRP Ledger. Ripple transactions are publicly recorded on its open-source distributed consensus ledger which has a similar data structure to a blockchain where the successive data block includes the hash of the previous block. However, its consensus mechanism is different from Bitcoin or Ethereum. It does not rely on Proof of Work (PoW) and therefore there is no mining involved with XRP. XRP instead relies on a consensus algorithm known as the Ripple Protocol Consensus Algorithm. The XRPL’s integrity is maintained by a group of trusted nodes. All transactions must be agreed by a supermajority of these trusted nodes for it to achieve consensus and be included in the XRP Ledger.
Long
by BADQOMOCAWGOWLD
3
SPX will rise if a short-term pullback line is brokenThe handle of a giant cup would make SPX return to earlier heights once price action would break through a streak of economy blues. Short-term patterns confirm this strong probability. If a draw-down away from the breakthrough line turns out smaller than the past one by returning to the line, another signal is generated. On the day of this writing, all SPDR sectors of America's 500 turned green from a week of turmoil, as did short-term indications of TradingView, turning back from red long-terms.
SP:SPXLong
by Johnny_TV
Borr Drilling - Final Leg Up of Three Drives Pattern (5:1 Long)The price action of Borr Drilling retested the bottom of its Accumulation range about a year ago, and now a bullish Three Drives pattern appears to be forming, one which is almost ready to extend its final upward leg. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Note that I expect price to fall into the entry point, which has not happened yet (more on that below). My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. Along the upper region of the pattern is a Distribution range derived from the Fibonacci channels that define the space, across which are arranged a variety of profit targets. Meanwhile, below is suggested a line of "Late Entries" and a "Moving Stop Loss" based on the Euler ratio of the Andrews Pitchfork. Furthermore, the time limit is imposed by a the same ratio in a Modified Schiff Pitchfork, into which the descending leg of the pattern may be expected to fall. Obviously, if the price action plays out as forecasted, there will be an opportunity to short at or near the top and aim at any of the downside targets given. That is already well into next year, and a lot will happen before next Summer. Until then, be liquid !!!
NYSE:BORRLong
by TheLeadingIndicator
4
CUP AND HANDLE• weekly chart analysis • cup and handle chart pattern breakout • one year to breakout cup and handle pattern • stock treading at the 557 level and 530–535 as a breakout of the pattern. • target for the chart patterns 680 fundamental analysis positive for the stock 1) PE RATIO < INDUSRTY PE 2) PEG BELOW 1 3) ROE > 15% 4) ROCE NEAREST 15% Business Segments Edible Oil and Vanaspati Distillery Real Estate NEGATIVE FOR THE STOCK 1) DEBT TO EQUITY RATIO APROX 1 2) EV/EBITDA HIGH 3) NO ONE MUTUAL FUND AND FII BUYING
NSE:BCLINDLong
by investigationofchart
BluetonaFX - DXY 3 Month Resistance BrokenHi Traders! DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level. 104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The market has just completed the bullish three-drive pattern, which further supports our bullish bias on DXY. The next target is likely to be the psychological 150 level, and then we have the six-month resistance level at 145.488. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX 
CAPITALCOM:DXY
by BluetonaFX
1
DXY 4H TF 💲DXY (U.S. Dollar Index)💲 🗣️ Update of US dollar index analysis - 4-hour time frame 🗣️ 📆 Wednesday 6.9.2023 📆 As you can see, the dollar index has formed a base after breaking the long-term downward trend line and engulfing the Major SR line during the QM structure. This area was so powerful that the index was able to rise above the Minor SR line by reacting to it. According to the structure, we can consider this area as an FTR. A pullback to this area can be the beginning of a long-term upward trend for the index. 📌 Note that DXY is fluctuating in the PAZ area, between FL ~101 and FL ~105 in the higher time frame, in order to make long-term and more accurate decisions, we must wait for DXY reaction to the respected flag limits. 🎗 Trader ACE Academy 🎗
TVC:DXYLong
by TraderAceAcademy
GBPCAD → I believe a downward movement hello guys... if you check indicators like MACD or RSI you find out a divergence... if you look wider and zoom out you see a three-drive pattern, in my point of view, in this case, I assume an R:R 1:1 short position... but for you, just wait until the price break out of the trendline and get a short position after retrace! target 1: 1.6711 target 2: 1.66.06 target 3: 1.6414 target 4: 1.6315 _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
34
📈Ethereum prediction, 2K or 1.6K? 📉BINANCE:ETHUSDT COINBASE:ETHUSD Hello dear traders Three drives pattern is either bullish or bearish. Since it is a reversal pattern when it fails, the three drives pattern indicates a strong continuation of the current trend. Divergences are marked on the chart! ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS