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Pennant

BITCOIN - Price can drop from resistance area to $103000Hi guys, this is my overview for BTCUSD, feel free to check it and write your feedback in comments👊 Some days ago, price entered a pennant pattern, where it at once made an upward impulse from support line. Then the price reached $98700 level and soon broke it, after a small correction, and then continued to move up. Later BTC rose to the resistance line of the pennant, but soon turned around and started to decline, breaking $110000 level. Price little corrected and then tried to bounce back and failed, after which it fell to $98700 level and then started to grow. In a short time, BTC rose to a $110000 resistance level and tried to break it again, but recently turned around and started to fall. Now, I expect that BTC can grow to the resistance area and then drop to $103000 support line of the pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDShort
by WalterMoon
11
Gold will exit from pennant and then rise to resistance levelHello traders, I want share with you my opinion about Gold. Recently, the price formed a pennant pattern after a sharp bullish impulse from the buyer zone (3275–3285 points). That upward movement started after the price bounced off the strong support level (3285) and broke out from the wedge structure formed earlier. This bullish momentum indicated strong demand near the lower boundary, reinforcing the current market structure. Now, the price is consolidating inside the pennant formation, slowly approaching its apex. At the same time, we are still above the support trendline and close to the upper border of the pattern. This suggests a possible breakout to the upside. I expect that gold will soon exit the pennant and start rising again toward the resistance level at 3385, which also matches the seller zone (3385–3395 points). This area previously acted as a major reversal zone, so if price reaches it, I will consider locking profits at that point. Given the breakout structure, recent bounce from the buyer zone, and current bullish consolidation, I remain bullish and expect GOLD to continue growing toward TP 1 at 3385. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by LegionQ8
10
XAUUSD Forming Triangle Pattern – Eyeing Breakout After Wave (e)🚨 Gold (XAUUSD) Technical Analysis – 3H Chart Gold is currently forming a classic contracting triangle pattern (ABCDE), with wave (e) in progress. Price is bouncing from a strong buyers’ zone near 3269.60, showing signs of upward pressure. 📊 Current Structure: Wave count: (a)-(b)-(c)-(d)-(e) Consolidation within a symmetrical triangle Key support: 3269.60 Resistance zone to watch: 3408.00 📈 Potential Scenario: If price holds above the buyer’s zone, we can expect a bullish wave (e) push towards the upper trendline at 3408, potentially leading to a breakout continuation. 📍 Trade Plan (Educational Purpose): Long Setup Valid Above: 3269.60 Target: 3408.00 Stop Loss (SL): Below 3260 (based on your risk profile) --- 🧠 Why This Matters? This triangle setup often leads to strong breakout moves, especially in commodities like gold during fundamental uncertainty or dollar index shifts. The market is compressing — be prepared for the breakout move. --- 📢 Follow for more clean Elliott Wave + Price Action setups! 💬 Drop your analysis in the comments. Let’s grow together!
FX:XAUUSDLong
by Greenfireforex
Bitcoin will drop from resistance level and fall to 103500 levelHello traders, I want share with you my opinion about Bitcoin. Some days ago, price entered the pennant, where it turned around from the seller zone, which coincided with the resistance level, and dropped to the 103500 support level. Then it bounced and tried to grow, but soon failed and dropped below the 103500 support level, which coincided with the buyer zone and reached the support line of the pennant. Following this movement, BTC experienced an upward impulse, breaking the 103,500 support level and subsequently exiting the pennant pattern, before rising to the resistance level. Price broke this level and then started to decline inside another pennant pattern. In this pattern, the price dropped top 103500 support level again and then tried to bounce back, but failed and continued to decline. In a short time, it fell to the support level, broke it, and then fell to the support line of the pennant. Next, BTC turned around and repeated an impulse up to the resistance line of the pennant and exited from this pattern. Then it rose to the seller zone, where it rebounded from it and fell, but recently it rebounded and started to grow. Now, I expect that price will reach the resistance level and then drop to the 103500 support level. For this case, this level is my TP. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDShort
by LegionQ8
13
The battle has begun for VZ glory.Just taking a look at the hourly chart and it looks like the bulls broke through resistance, but the bears were able to push them back, for now at least. Every time the bears push the price down, the bulls push it right back up to the edge. This is bullish IMO. It gives bears less liquidity to slow down the move upwards when the range is so tight. It will be interesting to see how things unfold. Watch for high volume at the end of the session. "The clock is ticking bears. Join us! JOIN THE LIGHT! DO IT FOR GLORY!" 🤣
NYSE:VZLong
by iShowGreen
Can Gold Really Drop 10% in a Day?📘 EDUCATIONAL POST: Can Gold Really Drop 10% in a Day? Let’s Break It Down Alright, traders—before you start thinking the sky is falling, let’s look this chart straight in the face and get real. ⸻ 🔍 The Setup Right Now Here’s what’s showing up: ✅ A bullish pennant forming up top (potential continuation higher). ✅ A big head and shoulders pattern in the middle (bearish). ✅ VWAP bands ranging from ~3,257 to ~3,392. ✅ Volume is underwhelming—426k vs 582k average. ✅ A big target line all the way down near 3,000. This mix of signals can be confusing. Let’s separate the hype from what’s actually possible. ⸻ 🎯 Q: Can the market collapse to 3,000 tomorrow? Short Answer: No. Here’s Why: 1️⃣ Move Size: • Current price is ~3,357. • Target is ~3,000. • That’s a -357 point drop (~10.6%) in one session. • For gold CFDs, this would be an extreme event only seen in major crises (think 2008 or March 2020). 2️⃣ Volume Context: • Today’s volume is below average. • Big crashes are usually preceded by heavy distribution—this isn’t showing yet. 3️⃣ VWAP Anchors: • The lower VWAP band sits at 3,257. • Reaching 3,000 would require breaking through 3,257 support, 3,100, and months of prior buying interest. 4️⃣ Market Environment: • It’s the July 4th holiday in the U.S.—liquidity is thin. • Thin markets can gap lower but rarely hold a massive drop without a big catalyst (e.g., credit crisis, war headlines). 5️⃣ Pattern Confirmation: • Yes, the head and shoulders pattern is visible. • But to confirm it, you need: 🔹 A clear break of the neckline with double average volume. 🔹 Follow-through that pushes below 3,257. • None of this has happened yet. ⸻ ✅ What’s Realistically Possible Tomorrow? If sellers show up, here’s what a big bearish day might look like: 1️⃣ First Move: • Rejection at 3,357–3,392 resistance. • Pullback toward ~3,324 (mid VWAP). 2️⃣ Continuation: • Drop down to ~3,257 (VWAP lower band). 3️⃣ Extreme Scenario: • Retest of 3,200–3,150 zone. But a flush all the way to 3,000? 👉 Highly unlikely unless there’s a major global shock. ⸻ 💡 Trading Tip: Stay Tactical If you want to position short: ✅ Wait for rejection at 3,357–3,392. ✅ Short targeting 3,324 first. ✅ Scale profits there. ✅ Only hold runners for 3,200–3,150 if momentum accelerates. ⸻ 🔑 Key Takeaway 3,000 is a structural target—this means it’s a price objective that might play out over weeks, not hours. Trying to catch that in one day is chasing a black swan. Stay patient. Trade levels, not headlines. ⸻ ⚠️ Disclaimer: This post is for educational purposes only. Always do your own research before trading. ⸻ ✅ If you found this helpful, share it with someone who panics every time a red candle shows up.
FX:XAUUSD
by ICHIMOKUontheNILE
Gold Breakdown Confirmed — Bearish Pennant Targets UnfoldingGold ( OANDA:XAUUSD ) started to decline as I expected in my previous idea after the lower lines of the Ending Diagonal broke . Gold is moving near the Resistance zone ($3,349-$3,325) . And Gold seems to be crossing the 50_SMA(Daily) . From a Classical Technical Analysis perspective , the Bearish Pennant Pattern seems to indicate a continuation of the downtrend in Gold . From an Elliott wave theory perspective , it seems that Gold has completed the Zigzag Correction(ABC) , and we can expect the next 5 downwaves . I expect Gold to continue to decline at least to the Support zone($3,281-$3,243) and Monthly Pivot Point . Note: Stop Loss (SL) = $3,360 Gold Analyze (XAUUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
1
Gold may exit from pennant and rise to resistance levelHello traders, I want share with you my opinion about Gold. The price previously made a strong impulse upward, forming a downward pennant, but this move lost steam after touching the seller zone around 3430 - 3440. From there, the market reversed and dropped sharply below the support level, even creating a visible gap. Didn’t last long, the price recovered quickly and made another strong move up, breaking out of the downward pennant structure. Since then, Gold has been trading inside a new formation, an upward pennant, where both support and resistance lines are gradually converging. This setup suggests growing pressure and the potential for a breakout. Currently, the price is hovering near the support line of this upward pennant. In my opinion, we may see a small correction to test this support, followed by a bullish rebound. If the structure holds, Gold could break out upward and head directly toward the 3430 resistance level, which matches the upper boundary of the previous seller zone — this is my TP 1. Given the strong impulse structure and continuation pattern, I remain bullish and expect further growth after this local retest. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by LegionQ8
12
USDCHF || Grab trade before its end" – Upgrade Suggestions:" USDCHF correcting into demand zone 📉 Wave (C) incoming! Watch for the final leg before the reversal. Don’t miss this precision setup. 💥 #ElliottWave #USDCHF #ForexSetup" 🟢 Technical Breakdown: Triangle Formation (ABCDE) completed near the top. Price action shows a breakdown from Wave (B), suggesting a corrective leg is underway. You’ve marked: Wave (A) and (B) already formed. Wave (C) is expected to reach the highlighted demand zone (blue box around 0.81000). The current price is around 0.81633, indicating an ideal entry area for a short setup targeting the blue zone.
Short
by Greenfireforex
The GENIUS Act: A Historic Breakthrough in Stablecoin RegulationIn the fast-evolving world of cryptocurrencies, stablecoins have carved out a unique role, acting as a bridge between digital assets and traditional finance. Until recently, however, the regulatory framework for these instruments remained fragmented and unclear. The adoption of the GENIUS Act marks the first major step toward establishing a coherent regulatory system for stablecoins in the United States — an event already being hailed as a historic breakthrough. What Is the GENIUS Act? The GENIUS Act (short for "Guaranteeing Effective National Incorporation of Ubiquitous Stablecoins") is a legislative initiative designed to set clear rules for the issuance, backing, and circulation of stablecoins. Its primary goal is to ensure transparency, stability, and security for users, investors, and financial institutions engaging with these digital assets. The bill has received bipartisan support, demonstrating a broad political consensus on the need to bring order and trust to the digital asset market. Why Is It a Breakthrough? Before the GENIUS Act, the legal status of stablecoins existed in a regulatory "gray area." Issuing companies often faced uncertainty: were they subject to banking laws, SEC oversight, or fintech regulations? This ambiguity led to high-profile lawsuits, account freezes, and declining institutional trust. The GENIUS Act introduces: A licensing framework for stablecoin issuers, requiring 100% reserves in fiat currency or secure liquid assets Mandatory audit and reporting standards, including independent verification and public disclosures Clear separation between fiat-backed and algorithmic stablecoins, acknowledging their different risk profiles Mechanisms for coordination with the Federal Reserve, paving the way for stablecoin integration into the broader financial infrastructure Impact on the Market The passage of the GENIUS Act has already had a ripple effect. Major issuers like Circle (USDC) and Paxos have expressed their readiness to comply with the new standards. Meanwhile, less transparent players are beginning to lose market share. Institutional investors — including banks and asset managers — are increasingly viewing stablecoins as a reliable instrument for payments and capital storage. This growing confidence could be the key to the mass adoption of Web3 apps, decentralized finance (DeFi), and digital commerce. Global Significance The GENIUS Act also sets a precedent for other countries. Just as the U.S. once led the way in traditional financial regulation, it is now establishing benchmarks for digital assets. The EU, UK, Singapore, and others are closely analyzing the bill’s elements for adoption in their own jurisdictions. Conclusion The passage of the GENIUS Act represents a historic step toward crypto market maturity. It not only eliminates regulatory uncertainty but also lays the groundwork for sustainable digital economic growth. For the first time, stablecoins have a clear, institutionally recognized legal status — marking the transition from chaotic innovation to structured trust.
CRYPTO:BTCUSD
by HCN-News12
HYPE/USDT – 4H Chart Analysis PUMP TO $50??HYPE/USDT – 4H Chart Analysis Volume (OBV Indicator): The On-Balance Volume (OBV) has broken above its local resistance level, indicating a notable increase in bullish volume inflow. This supports the current upward momentum. Market Structure: High Time Frame (HTF): Still bullish. Lower Time Frame (LTF): Currently consolidating within a bullish pennant pattern. Price has recently closed just above the pennant’s resistance line, suggesting a potential breakout and continuation of the bullish trend. Key Zones & Levels: Supply Zone: Price is currently testing this zone. A successful hold and breakout above the previous swing high would confirm bullish continuation. Fair Value Gaps (FVGs): A small FVG exists just beneath current price between key support/resistance levels. This may act as a short-term magnet for price (potential retracement). Two larger FVGs on the 1D time frame lie below the current support and prior swing low. If price moves into these levels, it would likely be a liquidity sweep, trap, or fakeout scenario. Psychological Levels: $40.00 and $45.00 are the next logical upside targets if bullish momentum continues beyond the swing high. Trade Setup: Entry: At the 0.28 Fibonacci retracement level. Stop Loss: Just below the 0.5 Fibonacci level. Take Profit (Partial): At the 0.618 Fibonacci extension, aligning with a psychological resistance zone. Summary: The breakout from the bullish pennant, combined with increasing volume (OBV breakout), suggests strong bullish momentum. As long as price holds above the pennant and key support, continuation toward $40–$45 remains the probable scenario. Any dip into the lower FVGs would likely be a liquidity event rather than a trend reversal. (NOTE: This is not financial advice, it is recommended to always (DYOR) (Do Your Own Research)
Long
by King_BennyBag
1