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Bullish Pennant

FallingWedge from last idea’s breakout confirmed; 1st trgt=53690I placed the dotted yellow measured move line slightly lower in the previous idea than where we actually broke out as shown here on the current chart and have readjusted the dotted yellow measured move line to the actual point of the breakout giving us a slightly higher measured move target of 53690. We can see here we have closed a large green daily candle above the key resistance of the hyphenated grey horizontal trendline at 51333. The current daily candle is also currently retesting it as support. If we can close 3 consecutive daily candles above this grey hyphenated horizontal trendline I’m confident we can reach 100% of the wedge target. On our way up out of the wedge we also formed a smaller bull flag as well which we have also seemingly just broken up from and that has a measured move target of 56000 so I we continue to rise after reaching the wedge target 56k would be our next target. I must remind you all to that the falling wedge was also doubling as a bull pennant on the weekly chart so it’s also quite possible we could head to the pennant’s target as well eventually which would be around 58k or so (the dotted purple line is the measured move target line for the pennant). Let’s also not forget that we still have a much larger bullflag on the monthly chart that price action is now working on its 3rd consecutive monthly candle above that bullflag meaning it’s likely to confirm the breakout there as well and the measured move for that flag is around 97k. Of course the monthly flag will likely take much longer than the others to reach its target if it does hit 100% of its measured move. For now the strategy is to focus on this hyphenated grey horizontal to maintain support. Now that price action is back above the orange 50ma and blue 200ma, we should sustain this golden cross which if so, will ensure we reach the majority of these targets, if not all of them.
COINBASE:BTCUSDLong
by DrDovetail
Shiba Inu SHIBUSDT - Bull flag + Double TOP- SHIBA INU - SHIB - Rank #11 - Token. - On the chart we can spot a huge rising wedge on the LOG scale. - Also the chart is printing a bull flag / bullish pennant! - Crypto market usually ends with a double top / double bottom, so there is still a space to go. - I would not buy Shiba inu, it's just a technical analysis. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
8
Link LINKUSD - Ascending channel + Next profit target +500%!- Link is very bullish on the weekly time frame. - We can spot an ascending channel forming on the weekly timeframe. - Previous swing high acted as a support + bottom of the channel! - Profit target is top of the channel. - If you take a look at RSI we can see, that this oscillator is ready for another pump! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow" - The price is currently breaking out of the symmetrical triangle!
COINBASE:LINKUSDLong
by UnknownUnicorn2537518
14
Not Much to Say About AMCOkay so I waited a week for the price action. $34.50s (I call $33 but I was wrong but I was okay with $34 because $36 bounce was unlikely to me) was the bottom and we explode to $44.21 before selling off. Expect a bull pennant this week into next week. If we breakout this bull pennant. Expect $48 the resistant again and creating a rising wedge to the $50s again. I will talk about more later when we reach the $47s+. So this is my rough sketch play out this month. We might go much higher sooner though. Nobody knows. Expect some update later.
NYSE:AMC
by gojira91
$SHIB will blow up tomorrow or FridayCoiled to the maximum. It can't coil any further without breaking down. With Robinhood and Kraken under extreme pressure from users to add the crypto, it's only a matter of time. In the caption, I give it two days. Seems to be hitting the floor and the "bigger the base, the higher the space". If not, next week, people won't sit back any longer without change. More and more will sign the petitions for SHIB to be added Momentum trade, not a use case trade
FTX:SHIBUSDLong
by EBITDAtiger
4
Streamr DATAUSDT - Symmetrical triangle / bull flag +1100% gains- Streamr - DATA - Rank #424 - Token - DATA is currently breaking out of the symmetrical triangle. - After that, explosive move will folow. - Bullish volume is higher and RSI is prepared. - Profit target is 1.618 FIB extension. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
12
Avalanche AVAXUSDT - Ascending channel + very bullish coin!- Avalanche AVAX Rank #13 Coin on coinmarketcap. - The price is above the All Time High level, which is of course very bullish! - We have a huge parallel channel, which can serve as a resistance on the top of the channel. - Profit target is top of the channel. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! - RSI is prepared for the pump!
Long
by UnknownUnicorn2537518
7
Fetch.AI FETUSDT - Elliott Wave + Ascending parallel channel!- Fetch.ai - FET - Rank #133 TOKEN. - As per my Elliott Wave count, we are currently in the 5th wave, which can be huge! - Also, we have an Ascending parallel channel with total 7 touches. - FET Is prepared for another pump very soon! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
8
TomoChain TOMOUSDT - Impulse Elliott Wave + Ascending triangle- TomoChain TOMO - Rank #296 on coinmarketcap. - TOMO looks very strong on the weekly time frame. - We can spot an ascending channel, which provides us with a good support/resistance. - Due to my Elliott wave count, we are currently in the 5th wave. - RSI is ready for another pump very soon. - The price is printing an ascending triangle - bullish continuation pattern! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
TLong
by UnknownUnicorn2537518
9
Bearish Pennant on AUD/JPYA bullish pennant that has formed on the daily chart of the AUD/JPY currency pair complements the bullish flag on the USD/JPY chart of the same timeframe. One should be very careful entering these two correlated trades to not over-risk their capital. The pattern can be used for a trend-continuation breakout trade if a candle close well above the upper border of the pennant. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line.
Long
by AndriyMoraru
Ethereum ETHUSD - Road to 20 000 USD! + NEW ALL TIME HIGH!- Ethereum looks very strong from the technical perspective on the weekly time frame. - The price is above the ALL TIME HIGH from 2018, which is very bullish of course. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - The ascending channel fits absolutely to the dollar on the LOG scale! - RSI is ready for the another pump to the upside very soon. - If you want to see more of these ideas, hit "Like" & "Follow"!
BITSTAMP:ETHUSDLong
by UnknownUnicorn2537518
11
0x ZRXUSDT - Elliott Wave + Rising wedge- 0x - ZRX - Rank #101 - Token - ZRX is very bullish on the weekly macro scale. - We have a rising wedge, that greatly holds support. - Bullish volume is higher and RSI is prepared for a pump! - Profit target 1:1 fib extension or top of the wedge - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
9
BitTorrent BTTUSDT - Bull flag- BitTorrent - BTT - Rank #61 - Token - BitTorrent is the most popular torrent client (together with uTorrent). - On the chart we can see a bullish flag , which is currently breaking out! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - The price retested the ALL TIME HIGH level, we can clearly see a sign of interest at this point. - 1600% gains is possible in next months, so be prepared! - If you want to see more of these ideas, hit "Like" & "Follow"!
BLong
by UnknownUnicorn2537518
14
ANKR/USDT : Breaking the pennant, Possible 300% growth !BINANCE:ANKRUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #ANKR is moving in a bullish pennant which is almost reached to the apex of the pennant and it can lead the pair above the pennant after 4 failed breakdown attempt on the lower trendline of pennant. The height of the flagpole is measured around 2653% which is going to make a target with more than 300% possible profit after breakout confirmation ! Now let's head to our data, We'll check #ANKR's status with Technical indicators and oscillators; classical support and resistance, Fundamental analysis and some Insider info 👇🏼 📚 Support and Resistances : - 1st support zone is standing right below the pennant located at ( $0.08130 - $0.07420 ). Support can also can form the fake out for bear trap if the breakdown happens, So we won't take any SHORT till we get a confirmation below this zone. - 2nd support zone will be the target for bears below the 1st mentioned one; It's located at ( $0.03520 - $0.03177 ). - There is only a resistance zone before reaching the ATH's resistance, This zone has formed by a 4 candles order block at ( $0.15391 - $0.16762 ). - The ATH's resistance is standing at $0.19070. 📚 Technical Indicators and Oscillators : -MACD : Histogram is gaining bullish volume and signal line is breaking above the bearish zone, Also MACD line is standing in bullish zone currently. -Volatility : There's a bullish crossover on the volatility lines and it's a buy signal for swing traders. It's better to wait for next daily candle ! -EMA100 and EMA200 : Recently, #ANKR has broke above the EMA100 and now it's supporting the movement and also EMA200 is impacting the movement in macro view as support ! -RSI : RSI is suggesting that bulls have the upper hand, But as it reached the buy limit zone and Bollinger Bands higher in volatility's oscillator; It's better to wait for the breakout above the pennant or a hold at the bottom of pennant or support zone. -VPVR : #ANKR is breaking above the visible range's pressure zone and after a hold above the POC, It'll confirm the bulls strength and we can enter the pair immediately. 📑 Conclusion : #ANKR is moving in a bullish pennant, The main target of pennant is $0.29000 and the targets of FIB extension are $0.24660 and $0.36300. Based on technical indicators and oscillators, Bias is mostly bullish, But we need to wait for a breakout confirmation before any taking position ! 🔴 Any breakdown below the support zone, Will cause a drop to the middle of flagpole on daily order block... Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
39