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ETH (4HRSTF) FLAG AND POLE FLAG AND POLE The flag and pole pattern, also known as the flag pattern, is a popular continuation pattern used in technical analysis. It signifies a strong price movement in the direction of the prevailing trend, followed by a brief period of consolidation that resembles a flag, and then a continuation of the trend. Here’s how it breaks down: Pole: This is the initial sharp move, either upwards in a bullish flag or downwards in a bearish flag. It represents a significant price increase or decrease within a short period. Flag: After the sharp move, the price enters a consolidation phase, moving sideways or slightly against the prevailing trend, creating a rectangular shape that looks like a flag. Breakout: The price then breaks out of the flag pattern, continuing in the direction of the initial sharp move (the pole). This pattern is useful for identifying opportunities to join an existing trend after a brief pause. If you see a flag and pole pattern forming, it might be a good idea to prepare for a potential breakout in the direction of the pole.
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by Faizgazi
ETH FLAG & POLE BREAKOUT RETEST A flag and pole breakout is a popular chart pattern in technical analysis, often used to identify potential continuation of a trend. Here’s a breakdown of the pattern: Components of the Flag and Pole Pattern: The Pole: This is the initial sharp move in price, either up or down, which forms the “pole” of the pattern. The Flag: Following the pole, the price consolidates in a small, rectangular range, forming the “flag.” This consolidation can be horizontal or slightly angled against the prevailing trend. Types of Flag Patterns: Bullish Flag: Occurs in an uptrend. The pole is formed by a strong upward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the uptrend12. Bearish Flag: Occurs in a downtrend. The pole is formed by a sharp downward move, followed by a consolidation period. The breakout from the flag typically signals a continuation of the downtrend3. Key Characteristics: Volume Pattern: Volume usually increases during the formation of the pole and decreases during the consolidation phase. A breakout is often accompanied by a surge in volume1. Breakout Confirmation: The pattern is confirmed when the price breaks out of the flag in the direction of the preceding trend4. Trading the Flag and Pole Breakout: Identify the Pattern: Look for a strong move (pole) followed by a consolidation (flag). Wait for the Breakout: Enter a trade when the price breaks out of the flag in the direction of the initial move. Set Targets: The target price is often estimated by measuring the length of the pole and projecting it from the breakout point12. Manage Risk: Place a stop loss just outside the flag on the opposite side of the breakout5.
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by Faizgazi
#ETH/USDTBINANCE:ETHUSDT BINANCE:ETHUSDT.P Etherium price moving in an ascending triangle pattern. The ideal buy area would be around the $2,650.81 support level, especially if the price pulls back slightly. After a successful retest of this support and bullish confirmation, such as a strong bounce or increased volume, entering a position here could provide a low-risk entry. If the price breaks above the key resistance at $2,814.94 with solid volume, it would likely signal further upside. Keeping an eye on the trendline and EMAs can help confirm the strength of the move.
Long
by hfwkjfhbwkjhfbu
Ethereum Technical Analysis - ETH has been very dominant in the crypto market recently because of its ETF Approval - A lot of people are missing out on the S-1 Form Approval and bought the FOMO - Institutions are going to bring back prices to the equilibrium and make sure they are accumulating things for cheap - 3100-3400$ can act as a very strong Demand/Area Of Interest that can easily bring price down and then show another impulsive move towards 5000$ - Ethereum looks bearish as of now/short term so take decisions accordingly
Long
by VKtradesimbalance
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