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Bullish Pennant

This is the real question to ask now.There are two scenarios. 1- Bull pennant 2- Bull flag Write in the comments which one do you think? - If it is a bull flag, there is a possibility to drop to $2800. In a different analysis I shared yesterday, I gave the target of $2800. Please check it. - If it is a bull pennant. Yesterday we had a bear trap and now retesting the breakout. In both scenarios, I think we have beautiful days in front of us after Bitcoin halving. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
by traderisso
1
Buy AUD/USD Bullish PennantThe AUD/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a well-defined bullish pennant pattern. This breakout suggests a continuation of the prior uptrend and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the pennant, ideally around 0.6630 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following points, based on the pennant and recent price movement: 0.6694: This target is obtained by measuring the height of the flagpole (initial uptrend before the pennant) and adding that distance to the breakout price. 0.6734: This is a further extension of the upside target, based on roughly twice the height of the flagpole. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 0.6600. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
3
ABTUSD Breaking upward from a bull pennantIt looks like it is validating the break upward, full emasured move target can lead to 180% gains from current price range. Of course always possible it corrects all the way back don to the top trendline of the pennant before reaching the full target. If so that’s simply an opportunity to enter at a zone with even bigger gains potential. It could just as easily keep pumping until it reaches the full target as well. If longer consolidation it could take 1 as many as 1-3 weeks to reach the full target also…and then of course a possibility with the least probability as it somehow does a 180 and doesnt reach the full target as all since anything’s possible…but as I said, that scenario is the one with the lowest probability at the moment. *not financial advice*
COINBASE:ABTUSD
by DrDovetail
2
TATA COMMUNICATIONS - A swing trade opportunity of 25%Trend - up in all higher time frames. Weekly RSI - Took support at 62 and moving up. Stock has given a bullish penant breakout after consolidating for 5 months - Sep - 2023 to Feb 2024 Retest of the breakout has happened. Now weekly and daily price actions shows the upward momentum. Entry - One may wait for daily previous supply levels - 2015 to be hit and take an entry as per reversal in lower time frame. Purely based on risk management - SL % 1827 - would act as a strong support. 7.5% from current levels.
NSE:TATACOMMLong
by Rugminik
BTC's Situation: What Shall we ExpectHi. BINANCE:BTCUSDT Today, I want to analyze BITCOIN for you in a 1D time frame so that we can have a MID-term view of BITCOIN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ BITCOIN is in a Bullish Flag Pattern.The Price is gonna Increase soon,The break out needed for increasing further has not happened but it should happen pretty soon. ✅ Due to the Ascending structure of the chart... 🟢 BITCOIN has been Bullish Recently! 🟢BITCOIN is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach GETTEX:92K Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
ICP Road Map🗺️!!! situation+next targets.Hi. COINEX:ICPUSDT Today, I want to analyze ICP for you in a 3D time frame so that we can have a mid-term view of ICP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). Bullish pennant is on the table on 3D timeframe🔍 Looking for a break out and more upside📈 ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - AB=CD - Ascending pennant Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Stellar XLM The biggest Moon 14.00 +XLM BULL PENANT/FLAG This is just and idea. Why so stagnant? For years after years in regards to new ATH?! Because the pole upwards is coming! XLM has been working and building in the background. Lately with the new Soroban contracts phasing out. XLM is becoming a Real World Assets commodity. The project and foundation has kept an ear to the damn US government in regards to compliance and regulation. In price action terms XLM is considered dead because it’s brewing up ready to blow off. Don’t be deterred nor discouraged. I believe we are in a super cycle. If the pole breaks upwards and you held, though you may have traded the last bull run. You have to hold XLM’s bottoms on the pennant/flag. The highest hopium is the highest risk. If it pays off, you’re rich.
COINBASE:XLMUSDLong
by Samabby
1
Total Cryptocap’s log chart just hit the falling wedge targetIf we take the teal bull pennant and only measure the pennant part which is also a falling wedge, the target we get from the breakout has just been hit by our current price action. I felt that was worthy of posting a chart bout. Though bitcoin has already achieved a new all time high days ago, the entire market cap for all of crypto is still just below it’s previous all time high currently. I would expect that to change in the very near future, however there’s always a chance at a retracement once rice hits the full breakout target. Since we just hit the full breakout target of the teal falling wedge, then it could retrace, if it does it may take longer to reach a new all time high. ALso possible for it to pump just enough to reach a new all time high then start its retrcement, correction, or sideways consolidation. Either way we can see as I have stated in previous charts, that this falling wedge is also a very valid bullish pennant and the breakout target once you include the height of the pennants flagpole for your measured move line, Is a staggering 17.5 trillion or so…No guarantee we hit the full target this bull run, however the ay the bitcoin spot etf buying has kind of changed the paradigm of what’s possible there’s definitely a chance we could hit this full target for this current bull run. As I have stated in the past the dotted yellow measured move line to the left is a measured move target from a pennant we broke up from 2 bull cycles ago and it didnt hit its full target in that bull run. However since it is in a very close proximity to the price target of this teal pennant’s measured move breakout target as well, it creates a good bulllish confluence and we could see both targets hit this bull run. I would say worst case scenario we head to those targets by next bull run but very plausibly can reach them during this one. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
3 month log chart on btcThe green symmetrical triangle pattern that also doubles as a bull pennant here on the 3 month btcusd log chart gave us 100% exact precision on the measured move just from the triangle portion of the pattern. We can see the measured move from the triangle alone was the exact top of the recent bull market exactly. We can also see the correction we had the past year that most are considering a bear market did not even come close to retesting that green triangle and likely will not. That means the actual bull pennant that triangle is part of is still very much in play. When you attach the pole to the pennant you get a much much higher target. It may not fully reach this target for at least two more bull cycles but this target is still very much in play and it likely will reach $586k this decade. In the mean time we can see in yellow here a smaller pennant fractal that is most valid on the 1 week and 1 month charts. If it behaves similarly to the larger shape, then we should see the first significant correction of the current uptrend occur after reaching the measured move breakout of the wedge around 49-52k. Odds are good the correction even if steep will still result in a higher low and continue the macro uptrend at that point to the full measured breakout move of the yellow pennant somewhere around 148-150k. I think then we would probably see another bear season and it is after that bear season we would likely finally start heading to the full measured move breakout target of the larger green pennant in the 580-590k region. Of course for now the timing on all this is still heavy speculation but I thought it would be fun to post just to see how closely it follows my prediction. My guess is it can reach the highest price target on this chart before 2030, maybe even by 2028 or if we’re lucky even sooner. *not financial advice*
OANDA:BTCUSD
by DrDovetail
4
GTAI's situation+next targets and expected movements.Hi. KUCOIN:GTAIUSDT Today, I want to analyze GTAI for you in a 9H time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). We have a Bullish Structure here GTAI formed a Bullish Pennant on 9h timeframe🤔 Up we go if we do breakout. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Bullish Pennant -AB=CD Stay awesome my friends. Previous Analysis : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Log channels of bitcoins entire history suggest serious upsideIm seeing confluence of last bull market cycles potential pennant target(yellow dotted line) and the current bitcoin cycle flag’s measured move line (purple target). Now I’m not suggesting that we will definitely reach this target level on the current bull market, as we have already seen this was a target from the pennant we broke up from during the last bull market and have already had a bear market since then before getting anywhere near the target, so there’s a solid chance we could see another bear market before finally reaching this target in the bull market after the current one. However considering the bitcoin etfs have led to such an exponential increase in institutional buying, there’s also still a decent probability that we could somehow hit this target during the current bull market. A safer bet is probably somewhere around 120-140k imo,then again if we have a massive correction here thats larger than the average 30-40% corrections we usually have during bull markets maybe that could help reset the health of the market to prolong it and allow it to reach higher heights.Hard to say. Either way I wanted to post a copy of this idea while I have it charted so I can look back it later to see how price action responds to these channel trendlines once it reaches them. If somehow e do reach the full target of the current bullflag we are breaking up from we could see anywhere from 300-320k the dotted blue line I included is for if the previous bull pennants pole is actually the fully extended price impulse, if so i am almost certain it will take at least 1-3 more bull markets before we would reach the full dotted blue line. I also have a monthly char that shows key channels that connect the previous few bull and bear cycles tops and bottoms but not the entire history like this one does and those channels would only allow for about 140-150k top in 2025 if we were to stay inside of them….if we broke out of them that’s when the targets shown here then start to become more of a reality in the current bull run. Until then I won’t expect anything above 140-160k and more realistically probably 120k range. Still worth posting this to eep a better eye on it. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2
A quick reminder about the previous Wedge/Pennant on Total chartSo I started charting this pattern in 2022 it was a falling wedge but on even larger time frames I realized it was not just a falling wedge but a bullish pennant as well. We broke up from this pattern all the way back at the beginning of 2023 and as you can see here on the monthly chart, price action did what it usually does once it breaks up from a large timeframe wedge and we are already well on our way and have unquestionably validated its breakout. What struck me as astonishing about ths pattern was that its measured move target was all the way up around 17 trillion. However not long after charting the target, maybe a couple months at most, news broke I think possibly via Forbes that Black Roc was saying 15 trillion in liquidity was going to be soon flooding into the crypto markets. When I read this it suddenly made the 17 trillion target make perfect sense. Now that we are seeing these ETFs cause huge pumps week after week I wanted to kind of repost a slightly cleaned up rendition of the previous version of this chart I posted to make it slightly easier to keep an eye on price action as it continues its way towards such a massive target. Also to remind people that this is where we are heading. Interestingly enough, another bull pennant we broke up from on the larger timeframe logarithmic chart also had this exact same target as its full measured move. So I suppose there is a chance that since it will take 2-3 bull markets for that previous bull pennant tor each its fulll target tat ts possible for this current pennant to not reach its full target in the current bull run but instead the very next one. However at the parabolic pace and momentum we are starting to gain thanks to spot etfs, it’s very very plausible we can reach 17 trillion on the current bull run. I will be keepin a close eye on this target, the pi cycle top indicator, and my pitchfork of channels that tie multiple cycles tops and bottoms together for the best signal of when the top is truly in. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail