Get started

Pendantpattern

BTCUSD are we close to seeing some direction? Hello TradingView community, today’s video update focuses on BTCUSD as price remains fixed in a pennant consolidation pattern. With the Medium-term trend and possibly the longer-term trend lower, you could lean toward this being a potential continuation pattern, but as noted in the video, we defiantly think it’s essential to wait for a clear breakout before thinking about picking a direction. Short term Support 29,000 Short term Resistance 30,300 This pattern can also be seen on ETHUSD as well, and we’re also keeping an eye on that coin as well. Good trading.
EIGHTCAP:BTCUSD
by Eightcap
LTC Bullish Pendant I posted two Litecoin scenarios yesterday on the 2H charts, Bullish Pendant or Ascending Triangle. It's taking on the form of a Bullish Pendant and currently following yesterday's outlined trajectory. It touched on the first buy opp target very briefly (6 one minute candles) before climbing back up. Reverse to the downside was expected once top of leg touched but there are strong bullish candles forming now much earlier than anticipated. Observe for breakout and close above $190. Next few hours very important. Good luck trading. COINBASE:LTCUSD
COINBASE:LTCUSDLong
by UnknownUnicorn10818982
EURUSD Pendant pattern forming on the 1H chart. Looking for a break in either direction for entry. A retest would be the best entry after price breaks either up or down. After price breaks through it still has either support or resistance so be patient. Upside targets around 1.1380 downside target would be 1.1113 for first target and around 1.1025 for the next. Considering price has made a new low and broke through previous support at 1.1113 we can possibly see a continued downtrend and price falling lower than 1.1000.
by 8miles