BITCOIN BULLISH PENANT FORMING. LAST LEG DOWNShort term bearish, but if btc can successfully test 7000 and bounce higher decidedly medium term price target could be 18-20,000 plus.
Penant
Nice ascending penant channel on the hourlyLooks strong with the Ichimoku support .
Resistance on 11k is strong but if we break this I see 13k possible attempt.
If we break the penant we should go up.Seems Ichimoku is providing cushion but no clear break yet.
Hesitant maybe sideways for a couple of days if we do not make a decisive move tonight.
ADA/BTC break of bearish penant to the upsideGood morning all
Here is one i have been watching consolidating for awhile now.
Volume has increased and broken the current bearish penant to the upside. Confirmation is required of trend reversal at 1110sats to close on the daily timeframe.
Sell targets > 1250 sats
Enjoy.
Fray
Excellent SWING TRADE SHORT opportunity for NZDUSD!Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level.
The above link leads to the trade setup details on this pair. Please read the related ideas section too on the fundamental analysis behind this trade
ENTRY LEVEL: AROUND 0.67500
TAKE PROFIT: 0.64000'
STOP LOSS: 0.70000
All in all its an excellent swing trade opportunity with very high probability. shall there be any updates i shall provide them in the attached link above.
Please leave a LIKE and Follow me if you would like to receive further analysis and trade setups. cheers and thanks
EURJPY buyBUY to major daily resistance, long term penant formation has just hit lower trendline as well
NZDUSD - Pennant Formation - BUYThe NZDUSD is forming a pennant formation on the Daily candles and is pushing towards the top level at 0.6890.
A break above the pennant could see it rise the 0.6930 and then 0.6966.
There is no major fundamental news events coming from NZ this week.
BULL PENNANT FORMINGA bull pennant is forming. Looking at levels of resistance and support will help you set your trade.
>Move up:
-If we move pass the 4040-4070 level I expect an initial move up to 4150 potentially continuing up to 4250
>Move down:
-If we brake below the 3886-3831 level I expect an initial move down to the 38.3 fib and potentially 50 fib retracement level.
INDICATORS
VI: next cross up will indicate a bull momentum especially V- has precedently reached extreme lows.
RSI: still has room to go based on VI
>>>Always Mind Your Trades and make sure to make your own analysis before investing your hard earned money. I am not a financial advisor and this represents only my own ideas on the market.
#QLC Adam & Eve bottomQLC Chain have here a perfect setup for 8 - 20% potential on 1h TF
- Adam & Eve bottom
- Bullish Pennant
- Hidden Bullish Divergence Inside Bullish Pennant
QLC is consolidating above 0.5 channel of pitchfork inside a pennant, flirting with 0.382 fibo and eager to go up with all this structures.
SPY bull penant breakoutSPY consolidating into a penant flag with potential to breakout. Target 267.
GBP/USD: Small Risk Big Reward !!SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Triangle Break, Clear (Going near 10K within 2 WEEKS?)Update from my chart yesterday. Now it's a clear triangle break for me, and considering the length of the pole of the triangle, it will go close to 10K; probably in the next 2 weeks. It will be normal for a "scary" correction close to the tip of the triangle at around 8K, but then a resumption upwards.
USDCAD CHANNEL ON STRONG RESISTANCE WITH OVERBOUGHT ZONEIF YOU THINK THIS ANALYSIS IS HELPFUL THEN PLEASE PLEASE LIKE THIS AND FOLLOW ME NOW SO THAT YOU CAN SEE MY FUTURE ANALYSIS
SNGLS ready to break bull penantHere we go...SNGLS forming a bull penant and getting ready to breakout....watch 1364sats resistance...if it breaks we're leaving on a jet plane so pack your bag.
TP1 : 1545
Tp2 : 1739
XLM BTC - am I reading it right? Penant showing coming change?I am not having much of experience. However I see that forming closing pattern ... most likely signalling break in trend. I would expect the trend would break up (if there would not be sudden drop in the whole cryptomarket - assuming that BTC would drop down - pattern here would be broken).
I do bet on growth, however I am still far from certain, moreover I don't now how to valuate potential growth. (to take the "flag pole" as a measure of growth seem to be too brave here)
Any suggestions?
LTC/USD Bullish Bounce on E Wave Bullish pattern on LTC/USD trading pair. I will monitor this closer and have entered a long position. My stop loss is somewhere in red.
First Target: 300$
Second Target: 450$
* I am not a financial advisor. Do not trade based on my TA
After break out of an ascending channel we see the double pennanWatch for the breakout of the top pennant and thei will tell you if it's to late to get in on the ride here. Breakout and move was last last night motivated by the Korean market.
