XRP ideaXRP currently forming a bullflag on daily. I want XRP to retest one more time my marked area of 221. From here I will try a long. Hopefully it pumps between 3-3.2 dollars. With a stoploss below 2 dollars.
Flag
TSLA: Will History Repeat?Last year we had a similar bullish flag pattern with one fakeout, then price descending towards lower trend line. Last year after this the price began to rally 90% to the upside. I have no idea what will happen but found this interesting and thought I'd share.
Trend lines are drawn on the daily chart so they might look a bit funny here.
A Bullish XRP Flag Emerges as $5 Call Options Heat UpXRP, the native cryptocurrency of the Ripple network, has been making waves in the crypto market recently.1 It has not only outperformed Bitcoin but has also shown resilience against the broader market downturn.2 This bullish sentiment is further amplified by a potential bullish flag pattern emerging on the price chart and increased activity in the $5 strike call options on Deribit.
Bullish Flag Pattern: A Technical Analysis
A bullish flag pattern is a technical analysis chart pattern that suggests a potential continuation of an uptrend.3 It typically forms after a sharp upward move, followed by a period of consolidation, resembling a flagpole.4 The subsequent sideways movement, often contained within parallel trend lines, is known as the flag.
If the price breaks above the upper trendline of the flag, it signals a potential resumption of the uptrend, potentially leading to significant price gains.5
Increased Activity in $5 Call Options
The increased activity in the $5 strike call options on Deribit is another bullish indicator. Call options give the buyer the right, but not the obligation, to buy a specific asset at a predetermined price (strike price) on or before a specific date6 (expiration date).7
A surge in call option buying often indicates that traders are anticipating a significant price increase in the underlying asset.8 In this case, the high volume of $5 strike call options suggests that traders believe XRP could potentially reach or even surpass the $5 price level in the near future.
XRP's Recent Performance
XRP has been one of the top-performing cryptocurrencies in recent weeks. It has outperformed Bitcoin and many other altcoins, defying the broader market downturn.9 This strong performance can be attributed to several factors, including:
• Positive Ripple News: Ripple's ongoing legal battle with the SEC has been a major catalyst for XRP's price movement. Positive developments in the case, such as favorable court rulings, could significantly boost XRP's price.
• Increased Institutional Interest: Several institutional investors have shown interest in XRP, recognizing its potential as a digital asset with real-world use cases.10 This increased institutional adoption could drive demand for XRP and push its price higher.
• Strong Community Support: XRP has a strong and dedicated community of supporters who actively promote the cryptocurrency and its underlying technology. This community support can help drive adoption and price appreciation.
Potential Challenges and Risks
While the bullish outlook for XRP is promising, it's important to consider potential challenges and risks:
• Regulatory Uncertainty: The ongoing regulatory uncertainty surrounding cryptocurrencies, especially in the United States, could impact XRP's price.11
• Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur without warning.12
• Technical Analysis Limitations: Technical analysis is not foolproof, and it's essential to consider other factors, such as fundamental analysis and market sentiment, when making investment decisions.
Conclusion
The emergence of a bullish flag pattern on the XRP price chart, coupled with increased activity in the $5 strike call options, suggests that XRP could be poised for a significant price rally. However, it's crucial to approach any investment with caution and conduct thorough research before making any decisions.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial
Goldman Sachs | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Goldman Sachs
- Double Formation
* 012345 | Wave 1&2 | Subdivision 1
* Flag Structure | Uptrend Bias
- Triple Formation
* Top Bottom Structure(Neckline At 573.00 USD) | Subdivision 2
* 345 Template | Trend Developing Entry | Subdivision 3
* Trend, Behaviour & Entry
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Sherwin-Williams | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Sherwin-Williams
- Double Formation
* 270.00 USD | Support Area | Subdivision 1
* Neckline | Uptrend Bias
- Triple Formation
* Flag Structure | Continuation Area Attempt | Subdivision 2
* 400.00 USD Resistance Area
* Triple Bottom | Retracement 50% | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Clorox ( Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Clorox ( Extended Hours)
- Double Formation
* A+ Set Up | Uptrend Bias | Subdivision 1
* Neckline Range Structure At 135.00 USD
- Triple Formation
* Retracement 1&0 | Uptrend Continuation | Subdivision 2
* Flag Structure | Long Set Up| 185.00 USD
* Trend, Behaviour & Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Beautiful Bullish Flag (M) Eying BreakoutA beautiful bullish flag has formed on the monthly charts, with projections around 56 . However, there is strong resistance around 48 , which could be a good point to offload a small portion and consider rebuying after a pullback or once the resistance is cleared. The exact target of the projections will depend on the value where the breakout occurs, so adjust your strategy accordingly!
Note: Always consider your own research and risk management before making any decisions.
BUXL Offering 35-40% Capital upside from these levelsBUXL if give day's closing above 217 it will be marching towards 306 which is the final projection of the bullish Flag.
However, owing to the current market situation, it will be wise to put your SL in place which is 150.23, Instant Entry can be taken here with first TP at 283 and second TP of 349, however, bear in mind that as per final projections of the Bullish Flag, it will be wise to close your trades @ 300-306 levels
Buying on these levels provide an opportunity for 35-40% capital upside
Santa Claus Rally? Its $ONON #BULLFLAGOn shoes are quickly rising in popularity due to delivering on what consumers need, comfort and in this day and age STABILITY lol. I personally find them stylish and I see a time coming where function > fashion rules... or at least seriously competes...
I LOVE THIS $50 break and think it can run NYSE:ONON till Xmas/New Years ( $60 - $69.420 PT )
- Happy Thanksgiving
Rising wedge/channelThis is starting to look like the 2021 top. We have way over extension and negative confluence on all time frames. And now, this is looking like the last chance for a bounce before utter destruction.
Yikes!
Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of .
Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you!
#PTL #GTYR
Full Truck Alliance | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Full Truck Alliance
- Double Formation
* WXY Ranging Template | Subdivision 1
* 10.40 USD | 0)) Retracement Number
- Triple Formation
* Flag Structure | Subdivision 2
* Retracement Number 0.5)) At 11.40 USD
* 345 Template | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
$PEPEUSDT: Flag Pattern Breakout Incoming?BINANCE:PEPEUSDT : Flag Pattern Breakout Incoming? Don’t Miss This Opportunity!
BINANCE:PEPEUSDT has broken out of a major resistance level and completed its retracement. It’s now forming a bullish flag pattern, signaling the potential for a big upward move upon breakout. Flag patterns are often reliable indicators of continuation, offering great opportunities for traders. Always remember to set your stop-loss to manage risk effectively. Watch closely for confirmation of the breakout!”
BINANCE:PEPEUSDT Currently trading at $0.0000194
Buy level: Above $0.0000199
Stop loss: Below $0.0000169
TP1: $0.0000223
TP2: $0.000026
TP3: $0.000035
TP4: $0.00005
Max Leverage 3x
Always keep Stop loss
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silversilver made flag pattern on hourly charts after good consolidation from opening.
Risk:Reward = 1:4
Could b bought above 93365 with mentioned stoploss & target.
BJs Wholesale Club Holdings | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# BJs Wholesale Club Holdings
- Double Formation
* 0 & 0.786 | Uptrend Bias
* Pennant Structure | Ranging Area At 75/90 USD | Subdivision 1
- Triple Formation
* Flag Structure | Neckline Continuation At 91.10 | Subdivision 2
* 345 Template Hypothesis | Angle 1 Long Set Up | Subdivision 3
* Daily Time Frame | Trend Behaviour & Entry
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Doge can reach $.75 if it breaks upwards from ascending bullflagUsually an ascending channel like the one that is part of the bullflag on dogecoin’s 1 day chart beaks to the downside, except inside a parabolic phase of the bull market cycle. In the parabolic phase of a bull market cycle you can see several back to back rising wedges and ascending channels break to the upside so since we are really only 1-2 daily chart pattern breakouts into this current parabolic phase for the alt coin market, I think probability favors this ascending channel breaking upwards. If it does we also have the benefit of it being not only a channel but a bullflag as well and the target for such a breakout is around 75 cents. Furthermore if you flip to the weekly channel you would see that there is potential for the pole to be even longer than shown here on the daily timeframe, so I wouldn't be surprised if doge were able to overshoot the 75 cent target even. I noticed that the channel had valid trendlines on both the wicks and the candle bodies on both the bottom and top thats why the trendlines are doubled up, *not financial advice*
GOLD SHORT TIME SELL PRESSURE
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Bonk can pump 82% if it validated the bullflag bullish breakoutNo guarantee this pattern will break out, it could also extend the consolidation and morph into a completely different pattern, but at the moment it seems the best probability is a breakout upward considering we are only 1 big chart pattern breakout into the current long awaited altcoin market uptrend. *not financial advice* Please bonk responsibly.
PEPE/USDT: READY FOR A 100% RALLY!!🚀 Hey everyone! 👋
If this analysis excites you, hit that 👍 and follow for more high-value trade setups that deliver results! 💹
🔍 Technical Overview:
PEPE is primed for a major rally! Breaking out of a bull flag pattern on the 4-hour chart, it’s signaling an 80-100% upward move. The setup is strong, and the momentum looks unstoppable! 🔥
💸 Entry Range: CMP (Current Market Price) – Add more up to $0.022
🎯 Targets: 80-100% gains
📉 Stop Loss: $0.02
⚙️ Leverage: Use low leverage (max 5x)
💬 What’s your take on PEPE’s breakout potential? Are you seeing the same bullish momentum? Drop your thoughts, analysis, and predictions in the comments below, and let’s ride this wave together for massive profits! 🌊💰
Floki has an impressive chessboard at the momentMultiple overlapping bull patterns that will trigger eachother like a domino effect, It tart with the bull flag which we are already seeing begin to break out here. Fro here to the highest chart target is 111%. On the previous chart I posted on Floki, it had not yet been added to coinbase but we were speculating it would be and now it has. *not financial advice*
$TSM textbook bull flag breakoutI originally entered calls at 181 when TSM wicked off of the bottom trendline and 100 Sma with nearly all momentum indicators signaling a reversal to the upside. I closed my positions at the top trendline as TSM continued to move upwards breaking out of the bull flag, intending to reenter when price retested this level. Well, we got that opportunity yesterday (Dec 6) and so I sized back in accordingly. Although the momentum indicators are at or close to overbought levels, I believe TSM has significant legs to push higher on this textbook bull flag. I intend to scale out at 205 and sell at 212 with a stop loss at 199.
Iota’s current bull flag on the 4hr chart. I’m guessing the 4hr 50ma(in orange) will climb upward in the flag and help carry price action upward and out of the flag to trigger the breakout, from where price currently is the total gains on this is almost a 2x *not financial advice*
Logarthmic bullflag has an even larger breakout targetBrace yourself and fair warning this post is gonna get slightly more esoteric than some are comfortable with as it delves into numerology, so fair warning. I found it extremely interesting from a numerological standpoint when I saw @chartguy had predicted that this current xrp correction would ultimately find support on the .888 Fibonacci retracement level and as of now it appears it has. The number 38 as well as 888( aka 3 8s) has been coming up like crazy all the time for me this entire year, but then I also noticed it more than a few times specifically in reference to ripple and xrp. For example Ripple now has 38 billion xrp remaining locked in escrow. I found an iage during XRP’s 2016 pump of Brad on CNBC or fox business ot some channel like it and enxt to them they had put a graphic up on screen along side Brad Garlinghouse that said XRP had gone up 38,000% percent. Next fast forwarding back to a little earlierthis year, the last low xrp had put in as a bottom before finally slowly climbing back up to the blast off point was 38 cents. Because I had been seeing all these connections with 38 in regards to xrp and ripple but also in many other elements in my personal life, I bought some more xrp at 38 cents feeling like it would actually mark the most recent bottom and low and behold it did. Also the all time high for xrp on a few different exchanges is $3.80. Like I said above, another way to represent 38 is with 3 8’s aka (888). So on the lion’s gate portal this year 8/8/2024, 2024 numerologically reduces to 8 as well giving us the first time in quite awhile we have had 8/8/8 date like that, I was expecting something noteworthy to occur being that it’s a time that’s known for manifestation and abundance every year but with 3 8s instead of just the usual 8/8 it should be even more so, and sure enough ti was right on this weekend that Judge Torres issued her final judgement in the RIpple vs SEC case after 4 long years of waiting patiently for it to arrive. All this being said, when I then see that XRP corrected down exactly to the .888 Fibonacci level and is holding support there, if it does continue upwards from this level, it will simply be more confirmation and confluence to me that there is something significantly special and interrelated between xrp, and the numbers 38.88,888, 11, and 1111. I won’t go into the 11 significance too much in this idea as I’d prefer to focus on the 8s instead….so I’ll leave the numerology talk there for now and focus instead of the actual TA behind this logarithmic bullflag
