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Bullish Patterns

BreakoutA breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction. Script = Bandhanbank Time Frame = 1 Day
NSE:BANDHANBNKLong
by Jainshashwat
Confluence of reversal signs in GNFCGNFC has given a very strong weekly closing on Friday.600-610 was acting as a strong resistance and the stock has managed to close above it. A trendline breakout is also seen in the stock. The chart is showing strong bullish trend after retesting the weekly demand zone of 500-520 followed by strong reversal from weekly support trendline. Positional traders can buy the stock at CMP and add on dips till 580 with an SL of 530 DCB. Targets are 730, 780, 900++. Chemical stocks, have shown good bullish trend in past few days and GNFC can continue the rally even further. Idea shared strictly for educational purposes.
NSE:GNFCLong
by chartistamey
ALGO/USDT 15x Potential as per My chart AnalysisALGO/USDT Inverse H&S Pattern: EURONEXT:ALGO Warning: Strong Resistance Ahead at $0.30 Level! If the price is rejected from $0.3 level, a 50% retracement is possible. However, an Inverse H&S Pattern is also emerging, suggesting that the best accumulation zone might be around the right shoulder at $0.160-$0.180. If this pattern comes to fruition, a 15x target could be expected in the near future! Another scenario to keep in mind: If the resistance breaks, we could see a super bullish move towards $2 (10x)! Overall, the market is bullish, so try to accumulate at every big dip in the spot. Algorand is already up 200% from the recent bear market bottom. Fundamentals: Over 30 million transactions completed in less than 24 hours on #Algorand Algorand started this year with 2k TPS sustained for hours. It is now a few hours into the Juicening, and Algorand is still on top
Long
by CryptoPatel
GAIL - Multi-year breakout in Monthly TimeframeGAIL has showcased a remarkable multi-year (16 years) breakout, establishing itself as a standout performer in the financial markets. This breakthrough is not merely a fleeting uptick but signifies a strategic ascent by successfully breaching key resistance levels that had acted as formidable barriers for 16 years. Worth noting - VOLUMES Surge: What sets this breakout apart is the substantial surge in trading volumes accompanying the upward move. The volume increase provides a compelling validation of the market's confidence and reinforces the conviction behind the stock's newfound trajectory.
NSE:GAILLong
by SwingtradesbyAbhishek
1
ASTRADAO/USDT 10x-50x Potential As per Chart and Project#ASTRADAO 10x-50x Potential Project I am Expecting ASTRA DAO will be next Gem in Bull Market. Trying to add very Small Quantity. Accumulation zone: $0.000000070-$0.000000095 Try to Add in Dip when Market Dump. ASTRA DAO: Astra DAO is a decentralized crypto asset allocator on Ethereum, offering convenient investment strategies and products/indices. The native MYX:ASTRA token provides access to utilities, rewards, development funding, treasury reserve, voting, and staking benefits. Note: DYOR Before Investing. Do you Own Research before investing in any Coins or Tokens.
Long
by CryptoPatel
Bitcoin Halving 2024: Ride to $250K? Bitcoin Halving 2024: Ride to $250K? Introduction: In the crypto realm, Bitcoin reigns supreme. As we gear up for the upcoming Bitcoin halving in April 2024, the excitement is tangible. The halving, a historic price catalyst, has set the stage for Bitcoin's surge. Let's delve into the phases of the halving and the prospect of Bitcoin hitting $250K. 5 Zone of the Bitcoin Halving: 1️⃣ Pre-Halving Zone: Approximately 4 months pre-halving, a prime time for deep retraces that historically lead to post-halving gains. 2️⃣ Pre-Halving Pump: Around 100 days before the halving, a rally ensues as investors "Buy the Hype" in anticipation, aiming to "Sell the News." 3️⃣ Pre-Halving Retracement: A common retrace around the halving date ( Pink Colour ), fostering investor doubts about the halving's bullish impact. 2012: -30% 2016: -45% 2020: -66% ( Covid ) 2024: ? 4️⃣ Re-Accumulation: Post-retrace, a multi-month re-accumulation phase (Red box) occurs. Impatience, boredom, and disappointment shake out some investors. 5️⃣ Parabolic Uptrend: Breaking out from re-accumulation triggers a parabolic uptrend (Green), propelling Bitcoin towards new All-Time Highs. The Road to $250K: Historically, after breaking out from re-accumulation, #Bitcoin embarks on accelerated growth, reaching new heights. If the trend persists, the possibility of Bitcoin hitting $250K in the next cycle is on the horizon. RT/Like/Comments if You Agree
INDEX:BTCUSDLong
by CryptoPatel
27th Dec ’23 -BankNifty gets a NEW ATH inside the ASC. channelBankNifty Analysis BankNifty is still caught between the upper & lower end of the ascending channel. Even then it managed to scale to a new all-time high of 48347. Half of the traders would have thought BN would have expiry today, the best way to remember would be to use post-it-notes saying BN expires with Nifty on the last week of the month. 4mts chart link - click here BN also had a slight gap-up, but the leg1 of the rally was quite strong. We gained 480pts ~ 1.01% till 12.07 before giving away 356pts ~ 0.74%. Leg2 it rallied 458pts ~ 0.96% but not enough to break out of the channel top line. 63mts chart link - click here Once BN got back into the channel - it is finding it difficult to break down or break away. Somehow the boundaries are getting respected. BN hitting a new top ensured that the stance changed from neutral to bullish. I am seriously thinking if the momentum is intact we should be getting that channel breakout tomorrow. Since it is a monthly expiry a bit of volatility cannot be ruled out as well.
NSE:BANKNIFTYLong
by viswaram
DYDX/USDT 500% Potential From HereDYDX/USDT Chart Overview The chart signals a bullish trend with a potential breakout in the green box zone. If you missed it, don't worry – I'm eyeing every significant dip for potential buy opportunities. On the higher time frames (HTF), there's a promising Bull Flag formation. Things could get super bullish if we witness a breakout above the flag's resistance. Long Term Target: $20 Entry Zone: $2.30-$2.90 Key Levels: Resistance Levels: $6.77 / $9.3 / $12.3 / $15.3 / $18.60 / $30 Support Level: $2.30 Here's the strategy: Target: Long-term resistance equals our ambitious target of $20. Entry: Looking to Accumulate in the range of $2.30-$2.90.
Long
by CryptoPatel