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Bullish Pennant

XRP Bull Pennant on DailyFlags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I would not enter this trade until the price breaks out of the pennant to the upside, for confirmation. A breakout could happen here, or touch the bottom of the flag once more before going back up. I will keep a close eye on XRP for a breakout, and will have alarms set. Also my recent idea about BTC volume flow flipping in bull's favour (link below), has me thinking the market is ready to move a bit higher, and I think BTC will hold support at $20k, and move up to the next level, which will give more support to this idea. If BTC falls through $20k before this pennant breaks out, I will consider abandoning the idea altogether. The stop loss target, set at the most recent swing low is at $44.9 and sits perfectly behind another psychological level. The target is set slightly below the pole height, at $63.8. The pole reaches a bit above $0.65, but I think it will correct hard at $0.65 or even at $0.64. Keep in mind that $63.8 is an ideal scenario where the breakout shoots almost straight up with no faltering. If we have signs of trouble along the way I will not hesitate to sell, even somewhere in the mid 50s. I've been enjoying some market success, but I am a fairly inexperienced trader so don't go copying my trades. None of this is advice, just my idea.
Long
by D-Rock_Anomaly
Injective INJ - RECORD volume! +1200% profit INJ was recently listed on the CoinBase exchange and the interest in this coin has increased significantly! +1200% profit or even more is not sci-fi at all. Personally, I would take profit at my first target for quick gains, but if you want to hold for the long term, then you can go for it. Buy INJ right now, because it looks like it wants to skyrocket very soon. I don't think we will go lower than this point. As you can clearly see, we have a parallel descending channel on the 3D chart that is currently breaking out, and there is definitely a great chance for an explosive bull market. Also, there is a local bullish flag that is breaking out as well, so you can buy a double breakout, which is nice to see. Isn't it? According to my Elliott Wave analysis, a major ABC correction has finished successfully, and I am expecting an impulse structure.  If we take a look at the volume indicator, there is an elevated volume, which is very important. There is a buying activity from whales. INJ is a great altcoin with huge potential, so why are you still waiting and not buying? I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
28
TOTAL Crypto - Are we still in a bull market? This is a major outlook on the total crypto market cap, which is probably the most important indicator. As you can clearly see, we are in a bull market on the weekly/monthly timeframe, but if the bulls give up, then it can turn into a 5–10 year bear market, which will be the first bear market in the history of cryptocurrencies! Please, do not write in the comment section things about previous bear markets in 2018, 2019, and now 2022. This is nothing compared to what may come. But nothing is lost at all, because we are holding the key market structure! The price is above the 200 weekly moving average, which historically has never been broken. We are above the previous swing high from 2018 and this is the most important support that must hold. The 0.382 FIB + the ABC correction is another bonus. The chart is printing a massive falling wedge/bullish flag #2. You can compare this pattern with the previous structure from 2018. As per my Elliott Wave analysis, an ABC correction of the previous impulse wave has been completed successfully with a 0.382 FIB, which is a reasonable retracement. If you buy Bitcoin or Ethereum right now and it fails, then it was definitely a great trade and you should be proud of it. You took the risk, you took the chance. I think this is a great lifetime opportunity. The money printer is up and running at full speed. Inflation is very high, so it's definitely great for cryptocurrencies. October and November are extremely bullish months for Bitcoin, so there is a great chance for a bounce! This is my verdict. We are still in a bull market and this was just a correction. We are preparing for another bull run, so do not miss it! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
46
Ethereum has bottomed out! 10 000 USD next target! There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias.  I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade.  After the merge, the price of ETH rapidly went down, maybe just to shake out the long-term hodlers. It was a sell the news event, but maybe just in the short term.  As per my Elliott Wave analysis, the ABC correction has been completed successfully as a ZigZag (wave 2) and we are prepared for a tremendous impulse wave 3 to the upside. However, this ABC correction can transform into an impulse wave, which will be extremely bearish and 500 USD per ETH will be very possible. But you shall not pass! The next target is 10,000 USD for the long-term trade, but you can take profit at the next strong resistance (3580 USD) if you don't want to wait or want to allocate your money somewhere else.  The chart is printing a symmetrical pattern, but it is not the best looking one, so I drew it on canvas maybe for entertainment purposes.  You don't want to miss my previous analysis of Bitcoin! Check out the related section down below.  I expect tremendous gains for selected altcoins (QNT, BEL). For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
72
Bitcoin - The bottom is in! Next target 300,000 USD! Warning: This analysis may completely transform you into a super bull!  Interest rates are rising, which is bad for the stock market, but is it also bad for Bitcoin? Maybe not at all. On the other side, inflation is pretty high and the money printer is running, which is good for Bitcoin.  We have a huge falling wedge pattern on the weekly chart that is very close to a massive breakout! The upper sloping trendline is very important and can indicate the end of this bear market.  As you can see, the price is currently below the 200 weekly moving average. This particular MA is considered a strong support/resistance by huge institutions and hedge funds, but they do not see it as a level, but rather as a zone. So even if we are a little bit below the MA, it's still holding. We need to break below the previous swing low to confirm the breakout of the MA. What's more, if you take a look at the TOTAL crypto market cap chart, 200MA is above the current price, which can be a more reliable indicator.  If we take a look at the oscillators, the RSI indicator is printing a bullish divergence, which is a strong reversal signal, especially on the weekly chart. Also, the MACD indicator has a bullish tick on the histogram + bullish divergence between the swing lows as well.  We have history's highest volume, so a lot of bitcoin changes owners, which can be interpreted as a bullish signal. It's really a record volume on the Binance exchange, which is currently the biggest crypto exchange.  As per my Elliott Wave analysis, an ABC correction has been completed successfully and we can definitely start a new impulse wave to new all-time highs in the immediate short term!  On Tradeview, I post potential scenarios. Today I can post a bullish analysis and tomorrow a bearish analysis. It's up to you how you decide to trade. Usually, I do not publish trading setups publicly, only privately. I can only give you all the reasons to buy or sell a specific asset here on TradingView. I expect tremendous gains for selected altcoins (QNT, BEL, STPT). You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
110
STPT | +4000% Brutal Gains! Sleeping Giant STPT (Standard Tokenization Protocol) is a sleeping Giant, but when wakes up it will be huge, you can be pretty sure about that! We have been moving sideways for more than 3 years now on the weekly chart, and if we break this head and shoulders pattern, it will be tremendous! 4000% profit is a lot and I don't want to miss this altcoin, unfortunately, we can go sideways for another 1 year. So if you buy now, you can sit on the coin for a long time before it explodes. Yes, you can buy now and tomorrow it will be +1000%, it's really possible. Keep in mind that this is STPTBTC chart, not STPTUSDT chart. If you buy this coin, then your USDT value can go down, 50% drop is possible. You can buy this coin, if BTC hits 13k in the immediate short term. For a confirmation trade, buy a breakout above the Head And Shoulders pattern if you don't want to wait and want to catch the momentum. But there is a chance of another rejection at the neckline, which can lead to 50% decline almost immediately. Also, there is a local trendline that you can clearly see on the chart and if the bulls can break this trendline, then there is definitely a potential. I think this coin is a great choice and even if you buy for only 5% - 10% of your funds, it can be a smart bet. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
55
✨Golem GLM - On fire! +2000% | Bullish flag + Huge breakout! Golem is on fire! You really want to buy Golem right now because the bullish flag is breaking out and an ascending triangle on the GLMBTC pair also! How can you not love the name of the coin? But you definitely will with the massive profits! As per my Elliott Wave analysis, we are prepared for the third impulse wave to the upside. The third wave is usually the strongest, so you don't want to miss it. The ABC correction has been completed, and we are forming a bullish flag pattern that is currently breaking out. You often find ZigZags corrections in bullish flags.  1:1 FIB extension is the next profit target (wave 3). Look at my idea about the GLMBTC pair in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
159
Dollar index DXY - Everything collapses because of this! Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases. The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart, 2025 seems like a reasonable year for a trend reversal of this ticker. Keep in mind that this is the monthly chart for DXY and the price is printing a massive parallel channel on the linear scale and also on the log scale as well. As per my Elliott Wave analysis, we are currently in the strongest third wave and I expect to touch the upper trendline of the parallel channel before we can experience a corrective fourth wave. After that, the 5th wave will come into play, and we can definitely throw over the parallel channel and find resistance at the previous swing high from 2001. The DXY is a great indicator for traders and everyone should keep an eye on it. Interest rates are going up, and this is a negative indicator for the stock market. Look at my ideas about Gold and Bitcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYLong
by UnknownUnicorn2537518
69
Bitcoin BTC - Explosive breakout soon! | Wedge | Elliott Wave Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first. On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure. Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand, 3, 7, 11, 15, 19 = corrective structures. Please keep that in mind! So if we drop even lower from this point, to 20k, for example, then we can count this 9-wave structure as an impulsive wave and we can expect much more later. As per my Elliott Wave analysis, the next wave to the upside should be a massive impulse wave that all bulls want to see. The rising wedge also looks a little bit like an ascending triangle, which is, of course, a very bullish pattern. Next stop 32,500 USDT. We can also wipe out all stop losses at this level before a possible consolidation. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
74
IMBBY Ready For A Bullish PopLooking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside. IMBBY needs to cross above the 200-day SMA (depicted in neon green), in recent trading the 200-day has acted as a very reliable trend resistance line and it must be surpassed before a major move to the upside is possible for IMBBY. Stop loss is firmly set at 20.00, right around the bottoms of the support trend areas. IMBBY should work. Even in this volatile market. IMBBY's winning characteristics: Cheap valuation, Solid balance sheet, high dividend payer, an international scope of business, and a line of products that have highly insensitive demand. As always this is not financial advice. Good luck!
OTC:IMBBYLong
by Gooby_Trades
XAIR Next Leg UpXAIR has formed a giant bullish pennant with the price closing just under the. 38 Fibonacci level . Bullish divergence can also be seen as the OBV remained flat (slightly positive) while the price declined during the same period. This could signal accumulation. The 50MA is rising rapidly and cold make a "golden cross" in the short term when it crosses over the 200MA. The ADX is at 23 suggesting a moderately strong trend with D+ also rising and well above D-. Price is still well below the POC (12months) suggesting there is demand for shares at higher prices. targeting: $11.01, $12.55
NASDAQ:XAIRLong
by Master_of_Fine_Charts
Ethereum ETHUSDT - Complete Elliott Wave + Rising wedge (weekly)- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave. - The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level. - 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro scale. - If we take a look at the RSI indicator - it is on the level of "strong buy" by historical data. - The RSI indicator is showing a nice trendline, which we can watch and potentially buy a breakout with confluence with other indicators. - Also the RSI helps us to identify first and third impulse wave by looking at the divergences. - As per my Elliott Wave analysis - Ethereum is deeply missing a 5th impulse wave, so i think the bull market is imminent. - Next impulse wave target is 10 000 - 20 000 USD per ETH. - Look at my idea about Bitcoin (complete Elliott wave) and TOTAL crypto cap in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
7
COMP/USDT : Moving into a pennantBINANCE:COMPUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $COMP is moving into a bullish pennant and so, As you know bullish pennant target is calculated by the flag's pole. Currently, We didn't experience the breakout yet and it has caused two scenarios for us : - Take Long at the bottom of the pennant with an SL at $41 as active stop-loss on 4H TF. - Take Long after a proper break above the marked resistance zone at $50.68. The minimum target of the pennant is located at $70.10! 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 with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
11
Bullish Pennant on NZD/JPY @ H4This chart shows a bullish pennant on the 4-hour chart of the NZD/JPY currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 86.376 ). My potential stop-loss level is marked with the red line ( 84.974 ). 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