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QTUM's Bullish 🐉Dragon🐉 Pattern 🚀In the realm of cryptocurrency, patterns often reveal the hidden narratives of price action. Today, we dive into the fascinating world of QTUM, where a remarkable pattern is unfolding - the Dragon. This pattern, akin to a double bottom but featuring a lower low, signifies a reversal with potential bullish undertones. The Dragon Emerges: A Distinctive Pattern The Dragon pattern is a technical formation recognized by traders for its potent reversal signals. It shares similarities with the double bottom but offers a unique twist with a lower low. The pattern typically comprises two lows, separated by a peak known as the 'head.' QTUM's journey showcases the emergence of this pattern, signifying a potential trend reversal. The Mechanics: Breaking Down the Dragon The first low of the Dragon represents a substantial price drop, often driven by market sentiment. Following this, a rally occurs, forming the 'head' of the Dragon, as traders regain confidence. The second low creates the 'tail' of the Dragon, often dipping below the first low but not significantly. The pattern's completion typically signifies a transition from a bearish trend to a bullish one. The Dragon's Roar: Bullish Potential The Dragon pattern is perceived as a powerful bullish signal by traders. Its formation indicates a shift in sentiment, potentially leading to an upward trend. QTUM's embrace of this pattern suggests an exciting opportunity for traders and investors. Conclusion: Seizing the Dragon's Potential As QTUM unfolds the Dragon pattern, traders and enthusiasts have the chance to explore this intriguing setup. Recognizing the mechanics of the pattern and understanding its significance can empower traders to make informed decisions. While the crypto market remains dynamic and unpredictable, decoding patterns like the Dragon can be a valuable tool. Remember to employ sound risk management practices, stay informed, and be part of the thriving crypto community. See related ideas below❗ Feel free to like, share, and leave your thoughts in the comments. 💚🚀💚
Long
by Yaroslav_Krasko
GMT/USDT 1 DAY TF Analysis: Bullish Momentum BuildsBINANCE:GMTUSDT GMT/USDT Technical Analysis: Bullish Momentum Builds GMT/USDT has been in a strong uptrend since early October 2023, with the price increasing by over 8% in this month. Bullish Divergence The RSI indicator is showing bullish divergence, which is a confirmation that the price is likely to move in an upward direction in the coming days. Support GMT/USDT has created a strong support level at the current price level. This is because the price has been trading above this level for the past 6 days. This suggests that there is strong buying pressure at this level, and that the price is unlikely to fall below this level in the near future. Outlook The outlook for GMT/USDT is bullish in the short to medium term. The uptrend is likely to continue, and the price could reach new highs in the coming weeks. However, it is important to note that the market is volatile, and there is always the possibility of a correction. Traders may want to consider going long on GMT/USDT with a stop loss below the recent swing low. Risk Management It is important to note that all investments carry risk, and there is no guarantee of profit. It is important to do your own research before making any investment decisions, and to risk only what you can afford to lose.
Long
by ChartsInsights
NMDC bullish with volume"NMDC Stock Trade Strategy: Buying at 155 with 150 as a Support Level, Setting Stop-Loss at 140, and Aiming for 217 - Leveraging Weekly and Monthly Breakouts Since 2012" 1) Stop-Loss: This is the price at which you are willing to sell the stock to limit your losses. In your case, you've set a stop-loss at 140. If the stock price falls to 140, the system will automatically sell the stock to prevent further losses. 2) Target Price: This is the price at which you plan to sell your stock to realize a profit. In your case, you've set a target price of 217. If the stock reaches 217, you plan to sell to lock in your gains. Please be aware that the stock market can be highly volatile, and stock prices can fluctuate rapidly. It's essential to do your own research or consult a financial advisor to make informed investment decisions. Always consider factors like market conditions, company fundamentals, and recent news when setting your trading strategy. Also, keep in mind that the stock market involves risks, and there's no guarantee that NMDC's stock will reach your target price or avoid your stop-loss level. Make sure you are comfortable with the risks involved and never invest money you can't afford to lose.
NSE:NMDCLong
by ketanbhalala
JPMorgan launches new blockchain-based product The commercial bank JPMorgan tested the Tokenized Collateral Network (TCN) system for tokenizing collateral, conducting a real transaction between the financial giants BlackRock and Barclays. TCN converted shares of one of the investment funds into corresponding tokens, which were then used as collateral for an over-the-counter derivative deal between the two companies. Such a mechanism greatly simplifies settlements due to the fact that tokenized assets can be used as collateral for transactions, which means that there is no need to physically sell them. The testing of this system took place in the spring, but only now the first real transaction occurred, which showed fantastic results according to the bank’s management.
NYSE:JPMLong
by DEXWireNews
Open door Technology Inc: unravel the hidden gemOpendoor is one of the most prominent companies, leveraging technology to streamline the home buying and selling process. Opendoor has several growth opportunities that it could pursue to drive future revenue and earnings growth. One such opportunity is to expand its geographic footprint by entering new markets. The company operates in over 40 markets across the United States and plans to expand into additional markets in the coming years. This could help the company increase its revenue base and market share in new regions.
NASDAQ:OPENLong
by DEXWireNews
AVAX Bullish Cup and Handle 🚀🚀🚀Bouncing Back: AVAX recently faced a formidable resistance zone that tested its mettle. However, instead of succumbing to the pressure, it resiliently rebounded, signaling strong buying interest in the market. 📊 The Cup and Handle Formation: What's catching the attention of traders and analysts is the unmistakable Cup and Handle pattern taking shape. This pattern typically consists of a rounded bottom (the cup) followed by a consolidation period (the handle) before a potential breakout. In this case, it's a bullish signal. 🏆🚀 Why It Matters: Cup and Handle patterns are often seen as bullish continuation patterns. The breakout from the handle portion indicates a potential price surge, making it an enticing prospect for traders and investors. 📈 Trading Strategy: Confirmation: While the pattern looks promising, it's vital to wait for a clear breakout from the handle before considering entry positions. Risk Management: Use risk management strategies, like setting stop-loss orders, to safeguard your investments. Fundamental Analysis: Keep an eye on AVAX's fundamentals and any news that could impact its price. Conclusion: The crypto market is full of opportunities, and AVAX's Cup and Handle pattern is one of the compelling stories unfolding right now. However, it's essential to approach trading with diligence and caution. The bullish signal provided by this pattern can be exciting, but remember that markets can be unpredictable. Stay informed, stay patient, and adapt your strategy as needed. As the saying goes, "fortune favors the bold," so seize the opportunity but do so wisely. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
BIG Potential Long For Gold/ XAUUSD This Week !Weekly Candle has bounced off the weekly support area. Daily candle closed bullish engulfing after Fridays Non Farm Payroll numbers were released. This supports a bullish bias going into the new week. We can expect a continuation to 1850 and 1862 in the next couple days. 15 Minute chart has taken sellside and then given us a market structure shift as annotated. The market structure shift has caused displacement and left behind an FVG which was then tapped into on Friday post NFP. We have a new untapped fair value gap which resides below the equal lows on the 15 minute chart. This is likely the next draw on liquidity before the next move to the upside. I'd like to see price sweep the lows and then run for the breakout of the m15 bullish flag that is currently forming. A breakout will be the confirmed entry in to the run for 1850 and 1862 which is the next H4 FVG / imbalance area. Hope you guys catch this great opportunity with me. Shakeel_SS.FX
OANDA:XAUUSDLong
by Shakeel_SSFX