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Bullish Pennant

4hr bull pennant on xrpusdI normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much bigger and needs to be charted on a higher timeframe. For now at least this looks good. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
Bullish Pennant on USD/JPY @ H4This chart shows a bullish pennant on the daily chart of the USD/JPY currency pair. It can be used as a trend continuation pattern in case of the price closing above the upper border of the pennant part. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (141.208), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (143.411), it is placed at the pole's length above the SL. I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Long
by AndriyMoraru
Bitcoin - Huge pump is ready! + Bullish pennant Bitcoin is forming this bullish pennant on the daily chart. The price has been inside this pattern for a month, and it's time for a massive breakout! The next stop is around 34k because of the 0.618 FIB extension from Wave (1) to Wave (2) and we can hit this target next week. After it, a pullback is likely, but continuation of the uptrend to 39k is in place as per my previous analysis. Then I expect a crash to 21k! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Bitcoin has been consolidating for 1 month with a complex Elliott Wave correction wave (WXY) - Triple three. Before this correction, there is a strong impulse wave (12345). Now we should see a 3rd impulse wave followed by a triangle (ABCDE) or a ZigZag (ABC) and a final diagonal wedge pattern. Usually, when one of the corrective waves of a major impulse wave is complex, the second one should be a triangle or a zigzag pattern. XRP is pumping, and I hope you bought some cheap coins as I recommended! 1.3 is a strong resistance for XRP, so check out my previous idea in the related section down below. Also watch SPX and NDQ, if it his a new all time high, a major crash could happen also on BTC! Bitcoin is unfortunately pretty weak compared to other assets this year. I feel an alt season in the air, at least for a couple of weeks. I already have full bags of altcoins, so I don't know about you, but I am prepared! Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
152
USDJPY What will happen in the near future?🌟The USDJPY is in a Bullish phase by ⤵️⤵️ 🌟 Bullish signals are: - Bullish Cup & Handle - Bullish Pennant - Dynamic Support zone - Pivot R1 monthly - Ascending Triangle - moving EMA 20 50 ✅TARGETS: 142,148 ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ⏮️Previous Analysis⏮️ ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
7
Which Scenario ?Just by looking at it it makes sense for price to hunt all those untouched liquidity , right ? but what's gonna happen next ? as i indicated here there are 4 scenarios for me , but i think 4 is the most possible one , why u ask ? well , if u follow my ideas i am bearish on BTC and i have a whole bunch of reasons and all i see here and in the recent move was just a liquidity hunt . i predict prices bellow 25K for BTC cause i yet recognize exhaustion in price move , and it is not a good sign if u want to see a bull run ... so yeah , here it is , make ur own judgment .
CRYPTO:BTCUSDShort
by hamidking82
6
XNGUSD Bull Pennant Pattern Short then LongXNG has had a big week with a big bullish momentum move into a symmetrical triangle and then a breakout into a bull flag pattern to finish out the trading week. A Bollinger Band squeeze as the symmetrical triangle was underway preceded the breakout. PRice crossed the POC line of the volume profile where trading volume , liquidity and volatility all are the highest Equities and equity funds like BOIL, KOLD, UNG, UNL, LNG had corresponding moves. The Luxalgo ECHO indicator, a predictive AI tool, suggests that from here XNGUSD will retrace 5% or so perhaps targeting the mid/basis line of the Bollinger Bands and then resume its upward trend. the retracement would be 50% of the uptrend which started the morning of 5/18 which was a 10% move. The indicator is predicting the uptrend resumption for 5/22. By extension, equity instruments that mirror natural gas prices presumably will have similar moves. I conclude that my profits achieved in BOIL options after the big move should be prtially taken off the table to buy some KOLD calls or BOIL puts instead to hedge for the prediction of the algorithm tool.
FXOPEN:XNGUSDShort
by AwesomeAvani
ID's Next target is 0.95$!Hi every one ID has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ID is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 0.95$! 🟡Summery: -ID has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! -Next Target at 0.95$ 🤑Stay awesome my friend Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
6
OCEAN BULLISH Pennant with FIB TargetsBINANCE:OCEANUSDT Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. A Bullish pennant is spotted on the OCEANUSDT chart. The targets or take profit points from this pattern can be determined by using a Fibonacci retracement from the pennant. NOTE that this may take some time to play out; be sure to manage your risk and pre-set those orders ! _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
OLong
by CryptoCheck-
27
DYDX/USDT - bullish pennant with 2-3x potentialDYDX/USDT is showing a very promising bullish setup which will likely break out soon. In this setup we can see a bullish pennant which is shaped like an inverted head and shoulders pattern that's near completion, successful retests of the previous downtrends and price sitting above the previous 2.50 resistance. I really like the look of this setup and expect to see high double digit % returns and potentially even a 2-3x depending on the momentum of the breakout. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - Buy zone: current price range, anywhere near the tip of the pennant or if you prefer a safer approach buy the breakout - Targets are marked in the chart In case of a pattern failure look for support on the dashed trend lines for a potential re-entry. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ I will try to keep this idea updated as the chart develops. Best of luck and let me know what you think!
Long
by Wolfy_
Targets If btc validates the falling wedge breakout here.We can see a falling wedge on btcusd’s 1 day chart and a nice candle break above the top trendline of the wedge with good bullish volume surge confirmation to go with it greatly increasing the probability the breakout of this wedge will be confirmed. If so the full measured move target from the wedge would take price just ever so slightly above the pink neckline. If however this wedge is more valid as a pennant then the second higher target around 31490 will be 100% of the pattern’s measured move. Reaching the pennant target will greatly increase the probability of triggering a breakout of the inv h&s pattern represented here by the pink neckline. A close above both the 1 day 50ma (in orange) as well as the weekly 50ma (not shown here) would also be a very bullish development for bitcoin especially if it can maintain support on those MAs on the follow up daily candle. We have created a gap over the weekend in the CME futures but nothing says we have to absolutely fill that gap. Gap fills are always something to consider but never to expect as a certainty *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Kaspa Daily Bull Flag TargetKaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been open for a couple weeks now. Kaspa has done ~20,000% since May, though, no charts on TradingView currently show it's whole lifespan. If you want a list of reasons why I am so bullish on Kaspa, you check out this Reddit article I wrote. It's a ten minute read and in my opinion, well worth your time: Mega List of Reasons for Kaspa's Growth - For Newcomers
Long
by D-Rock_Anomaly
2
Gold is currently testing the neckline of a doublebottom patternOn the 4hr-1day charts we can see gold has broken up from a bull pennant. It is now finding resistance exactly at the top trendline of the yellow channel. This trendline also qualifies as a double bottom neckline. Based on the measured move target of the green bull pennant…price action should break well above the double bottom neckline which makes probability high that the double bottom bullish breakout will also be validated. Here on this current chart I have included both the measured move target for the pennant (green dotted line) as well as a rough estimate for the measured move target of the double bottom pattern (dotted yellow trendline) *not financial advice*
OANDA:XAUUSD
by DrDovetail
DOGE - Forming a bull pennant! Here's a quick look at the 30 min DOGE chart. Following a significant upward movement, the price has entered a phase of consolidation, resulting in the formation of a large bull pennant. A bull pennant is a bullish continuation pattern that typically has a 70% chance of breaking to the upside. Should this bull pennant be breached, it would suggest a continuation of the bullish trend, and as such, it is advisable to monitor this development closely. ------------------------------------------- The idea is: Buy when the price breaks above 0.1022$ and take profits at the levels shown in the chart. Targets: 1. 0.1033$ 2. 0.1048$ 3. 0.1100$ ------------------------------------------- With regards to Altcoins: ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Long
by MBM_Crypto
4