Bull Flag: On the daily timeframe, I’m observing a bull flag formation. Since late December, the price has been moving within a descending channel, acting as a corrective wave after a strong rally. If there is a confirmed breakout above the upper boundary of this channel with sufficient volume, it could signal a continuation of the long-term uptrend. MACD (12,26,9): The MACD indicator suggests a potential bullish divergence. The histogram is slowly turning positive, and the signal line appears ready to cross above the zero level. This would confirm increasing momentum and support a possible price breakout. Key S/R Level: The 77,000–80,000 USDT zone looks like a crucial support area, where the price has bounced several times in the past. If BTC does retrace, this zone could act as a strong support. Final Target at 135,000 USDT: In the event of a successful breakout and continued rally, the price may reach the final target of 135,000 USDT. This target is derived from a combination of price action, trend channel analysis, and Fibonacci levels. Risks: As always, remember to protect your capital with proper risk management. Technical analysis is never a guarantee of profit—markets can always move the opposite way. If you like (or disagree with) this idea, please share your thoughts in the comments!
The price has breakout the short term down trend line and stand up on the group of MAs. Guppy EMAs is on gold crossing events. MACD divergency displayed in 4 hours timeframe. It is moving up to the long term down trend channel top line area, there would be possibility to break up the down trend channel and move to North.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
I hope you've been reading the other trade-ideas. One post builds up on the previous one. Good afternoon my fellow trader, how's your day? I hope you are doing great. It's been the longest time ever since we considered a Shiba Inu LONG position with leverage. Last time was in November 2023. Should we venture to try again now, new and fresh, in this year 2025? Of course, that's why you are here. This is medium-risk. We have a stop-loss but these trades are meant as hit or miss. Either the chart setup works or it doesn't. That's how it see it. But you can use the numbers in whatever way you see fit. My intention is to share the setup, hopefully with good timing. Expecting that you can take care to adjust your margin and manage your position in a way that the end result is positive. In a way that we end up with a winning trade. Full trade-numbers below: __ LONG SHIBUSDT Leverage: 5X Entry levels: 1) $0.00002525 2) $0.00002303 3) $0.00002072 Targets: 1) $0.00002610 2) $0.00002770 3) $0.00003019 4) $0.00003337 5) $0.00003687 6) $0.00003904 7) $0.00004254 8) $0.00004822 9) $0.00005226 10) $0.00005739 11) $0.00006701 Stop-loss: Close weekly below $0.00002000 Potential profits: 885% Capital allocation: 3% ___ Many of the pairs we track moved ahead. ADA and XRP are the main examples. After two days of consolidation, these are moving higher. This can indicate that the rest will do the same. We have the same chart setup for SHIBUSDT as we have for those other pairs. A bullish wave in late 2024 leading to a correction. The correction ending as a strong higher low and some consolidation. Now we see a bullish resumption/continuation. And we expect higher prices. If those that moved first, rather than going higher now would produce a retrace, then we would wait for lower prices to start a new LONG position. Since these continue rising, those that are yet to move are more likely than not to do the same. The next examples are Filecoin (FIL) and Compound (COMP) which I shared just a few hours ago, early in the morning. They broke bullish. This is it... This is so it... I am sending you so much love. I love you. Thanks a lot for your continued support. Namaste.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.42600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.42600 support and resistance area. Trade safe, Joe.
Pattern Recognition: The chart identifies a "Flag" pattern, which is a continuation pattern indicating a pause in the uptrend before resuming. The flagpole represents the initial strong upward move, followed by consolidation within the flag pattern, and then a breakout. Ichimoku Cloud: Kijun-sen (Blue Line): This line represents the baseline and is calculated as the average of the highest high and lowest low over the past 26 periods. Tenkan-sen (Red Line) : This line is the conversion line, calculated as the average of the highest high and lowest low over the past 9 periods. Senkou Span A (Green Line) : Part of the future cloud, calculated as the average of the Tenkan-sen and Kijun-sen, plotted 26 periods ahead. Senkou Span B (Orange Line) : The other part of the future cloud, calculated as the average of the highest high and lowest low over the past 52 periods, plotted 26 periods ahead. Chikou Span (Purple Line) : The lagging line, which is the current closing price plotted 26 periods back. Cloud Interpretation: The price breaking above the cloud (Kumo) is generally a bullish signal. The cloud represents support and resistance levels. If the price is above the cloud, it indicates a bullish trend. If it's within the cloud, it's a consolidation phase, and if below, it's bearish. Breakout: The price has broken out of the flag pattern upwards, which is confirmed by the breakout label. This breakout should be viewed in the context of the Ichimoku cloud. Volume Analysis: Volume spikes during the breakout phase can confirm the strength of the move. High volume on the breakout specifically on the Daily chart suggests strong buying interest. Tenkan-sen and Kijun-sen: When Tenkan-sen crosses above Kijun-sen, it's a bullish signal (golden cross). Conversely, a cross below is bearish (death cross). Technical Analysis Summary: Trend: The overall trend appears bullish, with the price breaking out of a flag pattern and moving above the Ichimoku cloud. This suggests strong momentum. Ichimoku Signals: Bullish Signals: The price above the cloud, Tenkan-sen above Kijun-sen, and Chikou Span above past price action suggest bullish momentum. Resistance and Support: The cloud now acts as a dynamic support level. If the price dips into the cloud, it might find support there. Potential Targets: Using the flag pattern's flagpole length for projection, the price could aim for higher levels. However, the Ichimoku system doesn't provide exact price targets but guides on trend direction and momentum. Risks: A failure to sustain above the cloud could lead to a pullback into the cloud or even below, indicating a potential trend reversal or correction. Strategy: Entry: For traders using Ichimoku, entering on a bullish breakout above the cloud with additional confirmation from other indicators (like volume) could be considered. Alternatively, waiting for a pullback to the cloud or Kijun-sen for a safer entry might be prudent. Stop Loss: Placing a stop loss below the cloud or significant support levels within the flag pattern can manage risk. Take Profit: This could be based on the projected move from the flagpole or where the price encounters next resistance, possibly where the future cloud might be. More or less it depends very much on ones own strategy. Conclusion: The chart with the Ichimoku indicator suggests a strong bullish outlook for XRP/USD, with the price currently above the cloud and a breakout from a flag pattern. However, traders should watch for potential pullbacks to key Ichimoku levels for optimal entry points and risk management. Always consider broader market conditions and any news or events that might impact cryptocurrency prices.
another 2x is achievable by AAVE against ETH either it corrects similarly to how it did on the previous legs, taking a few more weeks or it starts within a matter of days on some catalyst and proceds higher either way, looks bullish against ETH
Drone technology is where its at, up we go God willing
https://www.tradingview.com/x/fGslPRkd/ ✅USD_CHF broke the rising Support line and the breakout Is confirmed so we are bearish Biased and we will be expecting A further bearish move down SHORT? ✅Like and subscribe to never miss a new idea!✅
We hit our retracement zone and reacted beautifully in it. GG to all that caught this entry. we continue our advance deeper down into the target level