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Ascendingpennant

USDJPY - In for a short term correctionDollar is loosing steam this week after the huge push up we've seen recently, Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support It's a counter trend trade, so we have to be carefull, and expect less The ascending pennant is a reversal pattern when it breaks, so, price might want to go get some suport, in this case, it could be : - A fib level - the longer term trendline (the green one) - the 135.00 psychological level Let's see what the market will do with my coins!! Cheers everyone and trade safe!!!
Short
by aemerydufoug
Could AMC be getting ready to take off to $100?AMC is very very close to breaking out of this ascending pennant. It is in an extremely similar set up as it was before it broke to the upside from $10-$70. Since that explosive move, price has not closed below $30 showing strong buying at this level. The RSI has a very similar setup as well. I expect a break upward to $100 with a possibility to reach $130. ($100 comes from a repeat of the $60 move and $130 comes from cloning the trend line from 10-70 and putting it at the apex of the current formation on the log scale) AMC is also doing a lot of fundamentally bullish things too such as allowing crypto payments. GME is also in a similar place on the charts, I will post that analysis next. Let me know you guys thoughts!
NYSE:AMCLong
by anamaly
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