Ready for moonshot?Looks like it's following pattern of previous wave. Is it a bullish pennant or ascending triangle??
Target: 0.62 - 0.65, but first psychological target 0.50
What are your thoughts?
Bullish Pennant
perfect entry pointSo, although indicators are not very promising on this, you can see as ALPHA bounced on 0.618 and now it's heading up. The chart pattern is a bullish one during a bull market = it's matter of time before it pumps.
If daily candlestick close as a hanging man I expect price to test again 0.5 and pennant's bottom but eventually it'd go up.
If you have not much time to stare at the chart right now just buy in and wait settling a stop loss calibrated on my risk/reward scheme. Another possibility is to set a buy order between current price and support. If instead you can spend time in front of the monitor just wait and try to catch the bottom, I think it'll be a small retracement anyway, less than 5% if I had to bet.
If I had fiat I'd enter this... unfortunately I've all invested right now
TRX/ETH Bullish pennant breakout back testTRX breaking out from bullish pennant on ETH pair, testing back the breakout level
3 potential targets here for the current xrp priceactionif we are currently breaking out of a 2hr bullpennant liek the one shown here the target is 1.86 which is also our top target we had from the purple triangle breakout of our weekly xrp chessboard chart from a few ideas back. Good bullish confluence imo. 2hr chart patterns tend to fail rather frequently but as for now probability still favors the bullish breakout. *not financial advice*
MARA Up and only UPMAC D and RSI Curling! I can see a potential break out of this pennant! Let's see BTC hold some support at high levels.
EOS/USDT : Breakout on low TF BINANCE:EOSUSDT
Hello everyone 😃
EOS had a breakout from bullish pennant and now it's taking hold above it.
Volatility is being bullish and now it's going having a bullish crossover..
Also on higher timeframes it's going to have a bullish crossover !
📌We expect a retest on pennant's higher line and then we might see the continuation of EOS's growth.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
TRX/USDT Bullish Pennant or Symmetric Triangle Breakout?TRX breakout the bullish Pennant or Symmetric Triangle in the 2h chart. Retest and confirmation is very important for new entries. I will target 0.382 fib extension level (0.14660) in the first stage. RSI supports the breakout.
Also price is still above the ascending triangle which I posted yesterday.
All parameters make me so bullish.
If you agree or disagree, please leave comments :) . Have a good day with huge profits.
Not a financial advice.
Bullish Pennant for TNY?On a long-term chart for TNY, it appears as though the price has formed a bullish pennant pattern in blue.
The RSI is displaying a bullish flag.
A bearish cross has occurred on the DMI where I've placed the red downward pointing finger.
The price has noticeably broken the red downward sloping resistance of a Macro descending channel and upon back-testing has acted as support as of this moment, inherently bullish.
If the blue upward sloping support of the bullish pennant is lost ideally I'd like to see bullish buy pressure at the old red resistance of the downward sloping channel, it should act as support again if there's going to be a convincing shift from bearish to bullish sentiment.
btc is either breaking out of the ascending triangle or. . .btc is either breaking out of the ascending triangle or just going up to test the top trendline of the potential rising wedge we are in. Of course it could also be doing both...even though the breakout target of the ascending triangle is in the 72ks we could wait to reach that zone until where the top trendline of the rising wedge converges with the grey horizontal hyphenated line. This would be a slow grind up and take a lot of people off guard if it did cause a strong rejection from the top trendline of the rising wedge after mosts only saw the ascending triangle. However this ascending triangle is actually part of a larger pennant so probability favors that we do break above the top trendline of this wedge. We won't know for sure until price action tests it a few times I'm guessing. for now probabilities lean toward the bullish outcome after all the trend is your friend until the end. *Not financial advice* :
potential 4hr chart ascending triangle bull pennant. Target 1.544hr chart bullflags will get nullified way more often than ones on the 1 day time frame or bigger...however considering we will likely trigger the larger timeframe inv h&s pattern that had a target of $1.48 I could see this 4 hr chart pattern playing out rather well despite the higher percentage of fakeouts or nullified bull pennants we find on the smaller time frames. Of course either outcome is possible until we confirm a break one way or the other but probability currently favors the bullish outcome. *not financial advice*
$BEPRO Bullish / Daily 📈Two scenarios | Bullish Pennant continuation or Falling wedge. Both bullish patterns. 🚀
BTCUSD pennant patternyou can see on the chart that price move in bullish trend (above the 21, 34, 90 EMA). BTCUSD probably make a pennant pattern with target price around 60k.
Risk disclaimer on!
Bull Pennant on APHAConsolidation pattern looks to be preparing for a breakout to the $31 range, which would put it near its ATH of $32 that it hit 2 months ago. Will be interesting to see if this breakout occurs, does it become a double top at $32 or does it slice on through and continue up.
ENJ/USDT bullish movement is far from over!Hi every one
ENJIN COIN / TETHERUS
You might think that ENJ/USDT growth is too much or it's enough but I have to say you are wrong! The price is in a bullish pennant but the break out has not happened yet and there is also Hidden bullish divergences (+HD) on both MACD and RSI indicators which makes the bullish movement more likely to happen. after the break out the price can increase as much as the flag pole. The next strong resistance for ENJ is around 4.5$
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
ascending triangle on weekly btc chart could also be a pennantlooks like the weekly has formed an ascending triangle which could also potentially be a bull pennant...the measured move for just the triangle has us somewhere around 76k and for the pennant around 85-86k. As always must await for a breakout confirmation. *not financial advice.
COMP/BTC LongCOMP/BTC is one of the more undervalued DeFi Bluechips:
As the governance token for a well executed lending
and borrowing platform with a TVL of ~$9.42B,
a market cap of only ~$2.35B is not a worthy valuation
for what this protocol offers.
Coupled with the fundamentals. the COMP technicals
look primed for expansion upward.
The Madrid Moving Average Ribbon has twisted green
which is an early indicator of trend change, signaling
that a new uptrend will be starting.
Price has broken out of a bull pennant and retested
the top diagonal as support ready to make a move
up to the long term diagonal down trend line (orange)
and once price confirms and S/R flip there, we should
see forceful price movement potentially to the
0.618 fib retracement line around
.019708
[Weekly] IHSG Bullish pennantKalau kita lihat chart IHSG pada timeframe weekly ternyata sedang mengalami koreksi dan membentuk Bullish Pennant. Secara teknikal tentu saja kondisi ini pertanda baik karena IHSG turun untuk naik lebih tinggi. Target kenaikan IHSG adalah 7549.
AVAX/USDT is about to do an awesome movementHi every one
AVAX/USDT
AVAX/USDT is in a bullish flag the upward break out can happen in a few days there is also a Hidden bullish divergence (+HD) on RSI as well which strengthen the expected bullish movement which is as much as the flag pole Length!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
ZEN - Ascending Triangle - Long trade :)ZEN/USDT or PERP
Trade Duration - 1-3 weeks for short term TP's or 3-6 months for longer term TP's
Entry: 57.5-58.75
Stop below pennant: $53
Short term TP's = 60,61, 62, 63, 64, 65, 66 up tp $85 ( top of wedge)
Long Term TP's = $100, $200, $300
CAKEUSDT - LONG TO $13.400, $15 AND $18Here is another trade/investment opportunity that guarantees 50% ROI. Fund me so that I can invest too
Here is a bullish pennant chart pattern breakout confirming a buy opportunity. Therefore, I expect price to go long to $13.400 first, if it breaks the supply zone upward, head to $15, then $18.
The yellow horizontal lines are the major support and resistance levels price may encounter when moving in the trend.
What do you think?
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