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Pendle bull flagPendle has been a market leader and has shown some alpha, the token has pumped on its own against the market at times. This looks like a multi day bull flag setup, you could also draw this as a contracting wedge. A completely reset stochastic is important here as well, this flag projection is over 9$. Any time the stochastic has dropped significantly below 20 the token has gone on an absolute tear. -Id love another test of 7$ in the next 2 days to confirm this flag -After this my long-term price target of 8-10$ will be realized
Long
by Apollo_21mil
2
TON goes to $10 ??? crucial area to hold !!!!Hey SSE community , As you have had many requests to chart the TON, today I will chart it for you #TON has started a strong upward trend in the last two months and after each new high, it makes a trading box and after the box breaks, it goes to new high, which is expected to be the new high of $10 if the current box breaks. Important support of TonCoin is the area of $5.8, which is both the bottom of the trading range and the upward trend line. If this support is lost, the 4.7 and 3.5 areas are demand zones for enter to the trade.
by SorooshSchool
Potential Bullish Flag on BTC/USD ChartA potential bullish flag pattern has emerged on the BTC/USD chart, indicating a possible continuation of the upward trend in Bitcoin's price. The bullish flag pattern is characterized by a sharp upward move (the flagpole) followed by a period of consolidation or sideways movement, forming a rectangular flag-like shape. This consolidation phase represents a temporary pause in the market as traders take a breather before the next potential leg up. In this pattern, the flagpole is formed by a strong upward price movement, while the flag portion is characterized by lower volatility and decreasing trading volume. This indicates that sellers are not aggressively pushing the price lower, and buyers may be accumulating positions in anticipation of further gains. A bullish confirmation signal occurs when the price breaks out of the upper boundary of the flag pattern, typically accompanied by an increase in trading volume. This breakout suggests that the momentum is returning to the upside, potentially leading to a continuation of the previous uptrend. However, it's important to exercise caution and wait for confirmation before making any trading decisions. False breakouts can occur, so traders should look for additional confirmation signals such as increased volume and follow-through buying to validate the bullish bias. Overall, the presence of a potential bullish flag pattern on the BTC/USD chart suggests that there may be further upside potential in the near term, but traders should remain vigilant and manage their risk accordingly. Thank you for reading <3.
BITSTAMP:BTCUSDLong
by ghostysellsdonkeys
BTC Done sweeping lows? While it is hard to predict what the impact the halving could have on volatility over the next week, it appears the BTC has swept the range lows, stayed inside the bull flag, and held OBV support. Bullish divergence on RSI 1HR confirms RSI reset is complete and we can (hopefully) start moving back towards the top of the bull flag over the next 2 weeks. I am still holding my 5X long position that I DCA'd into between April 12th and 13th and managed to place my stop loss out of harms way. I did drop half of my position side so that I was risking 2.5% of my BTC margin account instead of 5% when we popped up to $64,500 on Monday. I will sometimes do this when my confidence in the trend direction is low. Price target for this trade is $69,000.
Long
by jordanfray
An update on the bitcoin dominance charts double bottom patternWe can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the double bottom breakout target giving us some nice bullish confluence to increase the probability of hitting the full target of about 57.18%. Once bitcoin reaches this level, it would not surprise me if thats when alt really start to pump afterwards. We shall see soon enough if that will hold true. *not financial advice*
CRYPTOCAP:BTC.DLong
by DrDovetail
2
BTC Bull Flag Potential Target $110,000 Bitcoin (BTC) has been consolidating recently, but analysts see this as a potential launchpad for a significant upswing. A technical chart pattern known as a "bull flag" is emerging, suggesting a bullish continuation could be in the cards. Bullish Flag in Play The bull flag pattern is characterized by a sharp price increase (the pole) followed by a period of consolidation within a narrowing price range (the flag). A breakout above the flag's upper trendline is typically seen as a bullish signal, indicating a continuation of the uptrend that preceded the consolidation. Analysts at Fairlead Strategies point to this formation on Bitcoin's chart, with the price consolidating above $30,000. A decisive break above the resistance level around $31,900, which coincides with the Ichimoku cloud indicator, could be the catalyst for a breakout. Targetting $110,000? If the bullish flag pattern plays out, technical analysis suggests a potential price target of $110,000. This target is derived by measuring the height of the flagpole (the initial price increase) and adding it to the breakout point. Not a Guaranteed Upswing However, it's crucial to remember that technical analysis is not a foolproof prediction method. The cryptocurrency market remains volatile, and unforeseen events can disrupt any predicted trajectory. Downside Risk also Present A breakdown below the bull flag's support level, currently around $51,000, would negate the bullish signal and could indicate a potential price decline. Cautious Optimism While the bull flag pattern offers a glimmer of optimism for Bitcoin bulls, investors should maintain a cautious approach. Close monitoring of price movements and adherence to sound risk management principles are essential when navigating the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln