Get started

Bullish Pennant

REN/USD LongREN here looks primed for a move upward especially if some volume comes in to add confluence -A running flat (3 3 5) has been formed here -The MA100 is well below the EMA30 which is temporarily acting as support creating more bullish confluence. -If the gold line keeps holds as support and the bull pennant (gray) breaks out the top diagonal we should see a move toward $1.50 at least Ren Protocol provides interoperability between different blockchain platforms. REN is fundamentally sound and is Decentralized Finance (DeFi) so will be getting a lot of attention this coming year and long term will likely be a good investment as well as being a solid short term swing.
RLong
by Hrempe
3
btc in a 1 hr falling bull pennantBeing that we are still in the thick of the bull market, probability favors this eventually breaking up....if it breaks up where I have marked the dotted green line then the target listed here will be the measured move...however the outcome of breaking upward might be so obvious that the opposite happens instead so we must always wait for a confirmed breakout or breakdown either way. Probability favors the upward break but that is by no means financial advice of any kind. Also important to remember on a small time frame chaert like the 1hr timeframe patterns get invalidated all the time even in as roaring a bull market as this so a breakdown is still very much possibility. My guess is however that the ascending red trendline will maintain support.
GEMINI:BTCUSD
by DrDovetail
1
Bullish Pennant Forming on the 4HRBTC appears to be forming the beginning of a small bullish pennant on both the 1 Hour chart and the 4 Hour chart, a key indicator that if this breaks above the top of this pennant, a bullish continuation will most likely occur. We still have a lot of potential for growth, however, a major retracement is still possible, so trade carefully and keep capital preservation in mind. We are in some very crucial times for BTC I believe, where it is definitely possible to still retrace back down to $30,000 (very abruptly) before rallying up to $50,000+ My first target still remains at around $66,000 based on the fib extension marked in the chart. Best of luck to you all!
BITSTAMP:BTCUSD
by ColeOutlaw
Big move incoming for Matic - 0.1$ nextMatic has been doing well for the past few days. If it breaks out from the pennant, we should expect 0.1$ next. Sky is the limit if this breaks out. In my opinion, Matic still got a long way to go - Gains are not done yet from this one. Matic is a coin that is known for its explosiveness, and the crash that comes with it. But that's all hype, and we will let the time decide. Trade this safe. Everything is bullish atm... So no surprise if this breaks out. In these market conditions, one can buy even before the breakout, but that is not recommended due to the risk that follows. Buy at own your own will.
MLong
by MBM_Crypto
1