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Bullflags

DOW an unstoppable bull? 🦐DOW after the yesterday's minor retracement into a bullish flag tested the support area at 31280 level before starting a new run. According to Plancton's strategy if the price will break above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
FOREXCOM:US30Long
by InkyGrip
14
MHH - Possible Bullish ScenarioFrom a fundamental viewpoint, Mastech Digital, Inc ( AMEX:MHH ) appears to be in great shape. In addition, when looking at a long term monthly chart, we have what appears to be a possible bullish flag scenario playing out. When we zoom in and look at the shorter term daily chart (shown), we see a clear downward trendline, acting as resistance, currently coming in at approx. ~$17.45 and falling. We also have big support coming in at an approximate range of ~$15.45 - 15.75. Should we see a break above the falling resistance line along with a daily close, I expect the bullish scenario to play out (shown in green). If it does, we will have buying entry points at both the breakout point and if we get the likely retest of the former resistance line (becoming support). Should we break below support along with a daily close, I expect the bearish scenario to play out, where we continue grinding down within the downward channel. I expect this scenario to be less likely based on the long term pattern and fundamentals of the company, however we can't be certain either way. Everything shared here is only my opinion and no results are guaranteed. Let's see how this one plays out. Good luck!
AMEX:MHH
by jstrasburger
Not all dumps come to harmMy portfolio is bleeding very badly, however the trades with BTC pairs can actually benefit from this crash. As you can see EMA 200 is below the chart (it's the same at 4h and at 1h the candles go up and down). For the moment we can assume that the trend is still bullish even because RSI is over 50%. I'm sharing the daily chart because it's easy to see the chart's zig-zag inside the bull flag, even if the bouce upwards happened a little bit below the support I had drawn it happened and right now it seems there's an uptrend. Now, if BTC moves slowly this could help this trade, especially its price doesn't rise much. I'm positive on this.
Long
by Shotokhan
2
NNDM in a bull flag and could bounce from this double bottom NNDM on 4H: RECENT NEWS: NNDM Closes $500 Million Registered Direct Offering. NNDM intends to use the net proceeds for strategic opportunities such as acquiring new technologies to better their machines. TECHINCAL OBSERVATIONS: Currently NNDM is in a bull flag. NNDM tested resistance on 2/10 and pulled back. NNDM has the opportunity to bounce up from this support and double bottom. This could be a good swing play, I'm liking the potential risk to reward ratio. Don't sleep on this one. SUPPORT AND RESISTANCE Support: $13.30 | $13 | $11.50 Resistance: $17 | $17.80 | $18.95
NASDAQ:NNDMLong
by nataliegarces
2
RSR in accumulation zoneAfter the bull flag break out price is all concentrated within this channel circumscribed by dashed yellow lines. As you can see the breakout happened after the bounce between 0.5 and 0.618 Fib lines so the bull flag was correct. Despite indicators not giving much help in this phase I think that because of the bull market and because the project is very, very good this accumulation zone will burst up to a new high, probably the target of theprevious bull flag. If you wanna enter I'd suggest to buy close to the bottom of the channel (while I write price is there) and set a stop loss at 0.05139
Long
by Shotokhan
1
Seeing Machines chartThis share is still my favourite and my largest investment, and I am glad to see it in such a clear bull trend. I had so many options counted from the bottom, and the pictured is one of the most likely where the most impulsive move starts as a wave 1 and are finished with the subwave 3 of the wave 3 for that move. Further options are very similar just starting form the low and would include this entire move up as subwaves of the 3rd. Even if I dont account for any of the 5th wave extensions going forward the targets are well above the previous all time highs. Heading above ath is really just a blank canvas without real targets. People set it to 50p, £1 etc which are all possible fo rthe future ahead. The great thing about being in new ath, and making newer and newer ath`s is that nobody is unhappy, as there are just no losers who could possibly bought ever higher. This will push the sentiment and new investors to enter even more. I think the current setup is just ideal for any new entry here, as the sub wave 4 is finishing a possible triangle, touched the last E wave and is setting up for the 5th wave breakout. There is just so much fundamental in this share that the potential news flow will be really continuous for this year ongoing. I set the break of the previous ath to reach by half of the time the drop took from ath, this takes us to spring 2021. That would indicate strong bullishness to continue further upwards and extend those further impulsive waves. I am still aiming to hold for a multibag in this year. GLA
LSE:SEELong
by tempertrade
ZRX should bounce on a bull flag lower levelUnfortunately I can't post signals with multiple timeframe, however just know that the 2 green lines are bottom and upper level of a daily bull flag. In the falling channel you can see at 1h volume profile shows how price did a reversal on the control point (when many people entered the trade). Control point area coincide with 0.5 Fib retracement level (not shown) so it looks very fine! I think that in this area is super safe up to 3200 sats, between 3200 and 3300 there's an uncertain area but if it goes over 3300 it should test the upper resistance (green line) and hopefully break out. You can see from the target there's a potential profit of +56% from there, if you enter at the bottom it's around +80%. Trading BTC pair is kinda different from stable coins because it's like solving a 2 variables equation but once you make profit on this and you get BTC you realize it was worth. Remember, once a channel breaks is broken out price goes up and very commonly comes back to retest the upper level as a support. Don't sell in case you see the retracement as long as it stays in the support area.
Long
by Shotokhan
4
XRP Bull Flag Break OutXRP has now finished its flag and assumed ascendancy at the midpoint of the correction, So it would appear to be preparing for a bullish trend to hopefully challenge the previous high of £0.47, if this is mark is broken I would expect it to achieve £0.55 before another consolidation. Buying opportunities after the 22nd perhaps, If the exchanges allow US access, then there may be a large sell off, bear in mind that anything above £0.25 may sell given the entry prices at time of XRP being removed from US Exchanges following the SEC case
Long
by JBLoft
UMA changed its pattern againLast night BTC dumped dragging the market with it, UMA included. This changed the chart pattern into a big bull flag. Yesterday I had checked UMABTC pattern which is less important than the stable coin pair and it was already in a bull flag, so now they both pairs have the same pattern. Now there are 2 possiible ways out: 1) volume spikes bringing new liquidity and the price will do something similar to the green pattern I've drawn; 2) price will keep retracing but, according with TA rules, usually bull flags end retracement around 0.5 Fib level which shoul be the area of the bounce back attracting new liquidity because of the proximity to the break of the pattern (yellow line), By default I'm never optimistic, I try to be realistic with a tendency to pessimism, so I'm expecting option 2 with a bounce which can be around 0.5 Fib, not necessarily exactly on the line. A thing is certain though, I expect a break out within 3-4 days. If, like me, you're in from more than a week keep up and don't sell before this thing touches AT LEAST 45, but keep in mind that it has the potential to go much more. Let's squeeze the maximum profit out of this fucker, it's the least it can do after so much patience! P.S. green dashed line within the flag is a resistance I had identified days ago and, currently, coincide with 50 EMA line at this timeframe and 200 EMA at 1h timeframe
Long
by Shotokhan
VET/USD Probability of going to $0,085 Cents Near/Short termAs price might seem Bearish to some, i don't think Vet is due to a drop lower.. Please note i might be wrong so DYOR. Price is corresponding to our Bull Flag and touched the 0.5 (golden zone between 0.5 and 0.618) level on the fib, i am expecting price to break out around 18 February and i have my targets at $0.085 cent. You might ask why $0.085? Well that's because my take profit level on the Fibonacci (-0.618) gives me a price of $0.085 and if i measure the low of the Flag pole to the top of it and place it on the bottom of the breakout zone then we have the same price target of $0.085. So, all with all i am Bullish on Vet and as always i wish you all good luck.. may your gains be strong! xoxo Mico
BINANCE:VETUSDLong
by Mr_Valentinovich
1
Buying Opportunity for $SDC$SDC is forming a diagonal led by an ascending trigonal into two bullish pennants (flag on the second). This stock has a large short interest and could pop off if it breaks the channel, but otherwise it still has large Elliott wave upside potential. Price target is listed at the top of the channel (C). Chart looks bullish and it took a small dip to the edge of the channel on the daily. This is the 2hr for more accurate lines and technical indicators.
SLong
by NapoleonStockS
1