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Pennant

CRO: Watch THIS ALT for x100 in ALTSEASON📉Hi Traders, Investors and Speculators of Charts📈 We observe an important pattern on Cronos in the Daily - the Flag Pattern, also known as the Pennant. The pennant can be either bullish or bearish, depending o where the price CLOSES. The BULLISH Scenario / Long: The BEARISH Scenario / Short: From a technical indicator perspective, the MACRO is still clearly very bullish: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTO:CROUSD
by CryptoCheck-
9
BITCOIN - Price can bounce from support level and start to riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to pennant, where at once made an upward impulse to resistance area from support line. After this movement, BTC turned around and in a short time declined to this line, making a fake breakout of $72750 level. Soon, price exited from pennant and fell to support area, after which it turned around and started to grow in rising channel. In this channel, Bitcoin rose to $72750 level again and then made a downward impulse to $61900 support level. Also price exited from rising channel and now BTC still trading near support level and I think price can fall to it. Then Bitcoin can turn around, after declining, and start to move up to $67000 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
USDCHF - Price can exit from pennant and fall to $0.9065Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Recently price started to trades in flat, where it first declined to support level, which coincided with support area. After this, CHF rose to $0.9090 level, but soon turned around and in a short time fell back to $0.9015 level. Price some time traded near this level and later made a strong upward impulse, breaking $0.9090 level and exiting from flat. Later, price formed pennant pattern, where it first made correction to $0.9090 level and then rose to resistance line of pennant. But a not long time ago, Swiss Franc fell to support area and now trades close, so I think it can reach resistance line. Then CHF can bounce down to $0.9065, exiting from pennant and breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
BNBUSDT - Price can reach resistance level and start to declineHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance level, which coincided with resistance area, and fell to $496 points, breaking $530 level. After this, price turned around and started to rise in pennant, where BNB in a short time rose to resistance line. Thereby price broke $530 and $585 levels, but soon it turned around and fell to support line, breaking $585 level again. After this, price later exited from pennant and reached $628 points, after which BNB made downward impulse. Price broke $585 level again and then fell to support level, but recently BNB bounced up to resistance line. Possibly, Binance Coin can reach resistance level and then start to decline to $530 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
Bitcoin Bull Pennant Forms Before Halving, Can the Rally Hold?Technical analysis of the Bitcoin (BTC) daily chart reveals some interesting signs, suggesting a possible bullish scenario. Let's explore these key observations: Bull Pennant in Formation? The chart appears to be forming a bull pennant pattern. This pattern typically emerges after a strong price increase, followed by a consolidation phase where the price fluctuates within a narrowing range. A breakout from the upper trendline of the pennant is often interpreted as a bullish continuation signal, hinting at a potential price surge. Price Support at 50-Day EMA and CME Gap The current price hovering above $64,000 holds significance for two reasons: 50-Day Exponential Moving Average (EMA): The 50-EMA serves as a dynamic support level, frequently influencing price movements. If the price finds support here, it could indicate buying pressure and potentially prevent a further decline. CME Futures Gap: The presence of a CME futures gap around $64,000 suggests there might be unfilled buy orders at this level in the futures market. A price rise above this gap could signal increased buying interest and potentially fuel a rally. Bull Pennant Breakout Target: A Theoretical Estimate If the bull pennant pattern plays out based on historical averages, the estimated target price for BTC could be around $107,000. This target is derived by measuring the height of the pennant and adding it to the breakout point. It's important to remember, however, that technical analysis targets are not guaranteed, and other factors can influence price movements. Looking Beyond the Technical Picture While the technical indicators mentioned above suggest a potential bullish move, a more comprehensive analysis should consider these additional factors: Market Sentiment: Overall market sentiment and news events can significantly impact price movements. Positive news surrounding Bitcoin or the broader cryptocurrency market could strengthen the bullish case. Volume Analysis: Monitor trading volume. A strong breakout from the pennant pattern should be accompanied by high volume to confirm its validity. Lower volume breakouts might be more susceptible to reversal. Technical Indicators: Consider incorporating other technical indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to gauge momentum and identify potential overbought/oversold conditions. Conclusion: The BTC/USD daily chart exhibits a bull pennant formation and price support at a confluence of the 50-day EMA and a CME futures gap. These factors suggest a potential upside bias. However, exercising caution and considering broader market sentiment, volume analysis, and additional technical indicators are crucial for informed trading decisions. Remember, past performance does not guarantee future results.
BITSTAMP:BTCUSD
by ParabolicP
2
Ethereum can exit from pennant and decline to 3370 pointsHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price a not long time ago traded near the resistance level, which coincided with the seller zone and soon broke this level and rose a little higher but soon turned around and in a short time declined to the support level, breaking 3550 level again. After this, the price even declined lower support level to the buyer zone, but soon backed up, thereby making a fake breakout and starting to trades in range. In the range, ETH reached top part, after which turned around and declined to the buyer zone one more time, where the price reached the support line of the upward pennant, and then Ethereum made a strong impulse up. After this movement, the price exited from range and soon reached the resistance level, which broke soon too. Next, ETH reached the resistance line of the pennant and then started to decline. In a short time price fell to almost the support line, but then it turned around and rose back to the resistance line of the pennant. But recently, ETH broke the resistance level one more time and declined to the support line of the pennant back. So, now, I think Ethereum can rise to the resistance line and then rebound down the lower support line of the pennant, thereby exiting from this pattern. For this case, I set my target at the 3370 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
BTC's Situation: What Shall we ExpectHi. BINANCE:BTCUSDT Today, I want to analyze BITCOIN for you in a 1D time frame so that we can have a MID-term view of BITCOIN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ BITCOIN is in a Bullish Flag Pattern.The Price is gonna Increase soon,The break out needed for increasing further has not happened but it should happen pretty soon. ✅ Due to the Ascending structure of the chart... 🟢 BITCOIN has been Bullish Recently! 🟢BITCOIN is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach GETTEX:92K Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
🚩TRX can Go Down By Bearish Pennant Pattern🚩🏃‍♂️ TRX is moving in the 🔴 Heavy Resistance zone($0.150-$0.122) 🔴 and Ascending Channel . 📈Also, TRX has managed to form two Classic Patterns ; the first pattern is the Rising Wedge Pattern , and the second pattern is the Bearish Pennant Pattern . 🔔Currently, TRX has managed to break the bottom line of the Rising Wedge Pattern, and I expect TRX to continue its decline , at least to the lower line of the ascending channel . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. TRON Analyze ( TRXUSDT), 4-hour time frame ⏰. Do not forget to put 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.
Short
by pejman_zwin
5
Bitcoin to 100K using "blue" bars toolSo the having date is approaching. I randomly used bars tool to copy the price action of bitcoin and I noticed the bottom S/R provides support and resistance. The pattern repeating would give us a nice post halving dump/fake-out/short squeeze, then full on breakout. This takes us to our target at 98K. Really, it will NOT play out exactly like this. BTC always does it own thing and I am NO expert at this kind of thing, I am really new to it but however, I think the bullishness lately tells me the end goal remains no matter how we get there!
Long
by iceguy154
Bitcoin can make small correction and then continue growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price recently rose to the resistance level, which coincided with the seller zone and even entered to this zone. However, it soon turned around and made a downward impulse lower the 66500 level, breaking it and the 71000 level too. After this, the price declined lower buyer zone, but later BTC turned around and started to move up in upward channel, where the price soon reached the 66500 level and broke it again. Then price in a short time rose to the channel's resistance line, after which it fell to the support level back, and then at once continued to move up. Soon, Bitcoin reached a resistance level, after which it broke it and soon exited from the channel, but then the price turned around and started to decline in a downward pennant. In this pattern, the price declined lower 71000 level, breaking it one more time, and soon fell to the support line of the pennant, after which BTC in a short time rose back to the resistance level. But a not long time ago, the price rolled down from this level and now trades close to the resistance level and line of the pennant. So, in my opinion, Bitcoin can fall to the support line and then bounce up to the seller zone, thereby exiting from the pennant and breaking the resistance level. After this, I also think BTC will continue to move up, therefore I set my target at 72200 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
Complete BULLFLAG form .. breakout preparing Complete BULLFLAG and pennant of it. This is a complete bullish form to breakout bullish; I don’t see any signs of bearish but Shiba is on fire keeping the bulls stable.. During breakout Shiba should get visit back to the recent all time highs and should meet new all time highs; but it doesn’t stop there until Shiba hits $0.01 including $1 Shiba is already now preparing to burn trillions of dollars. So be sure you have over $1 million Shiba tokens and hold it.. if you’re going to buy more go for it. Shiba will skyrocket soon if Shiba breaks out bullish then Shiba will out pace other coins and will have trouble to catch up.
CRYPTO:SHIBUSDLong
by JoyBoyVegae
3
SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈 We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it! Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
by CryptoCheck-
1
Upward momentum of 10% -15% in IOC expected on BOSIOC has seen a consolidation on DTF (bullish pennant) after almost a consolidation of more than 60 days. Confirmation to be given on break of structure. The company has a upwards of 500% increase in EPS QoQ growth for the last 3 quarters and increase in institutional interest. Good for swing traders. Can expect an upward momentum of a min of 10-15%. Targets plotted on the chart. Entry - INR 175 SL - (DL) TSL - According to your risk profile. Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:IOCLong
by Rokdevildivine
Triangle BREAKOUT on #BTCAs mentioned in the earlier post, the support level of over 65,000 remains intact. Yesterday witnessed a significant breakthrough with Bitcoin surpassing the $71,000 mark. Consequently, as long as the price of BTC maintains its position above $70,000, there's a strong indication of a potential new all-time high in the near future. Additionally, it's worth noting that the MACD indicator is showing signs of convergence, with a near crossover. DYODD.
COINBASE:BTCUSDLong
by EL_STOCKTROOPER
1
HelenP. I Bitcoin will make correction and then continue to growHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price reached the trend line and then at once rebounded from it and made a strong impulse up to support 2, which coincided with the support zone. As well, BTC started to trades in a pennant pattern, where soon price broke support 2 and made a retest. After this, BTC some time traded near this level and then made impulse up again to support 1, which coincided with the resistance zone and even entered to this zone. But soon, BTC turned around and in a short time declined to support 2, breaking support 1 one more time. After this movement, BTC rose back to support 1 and some time traded near this level, after which rebounded and fell to the support line of the pennant, which is the trend line too. A not long time ago Bitcoin rebounded from this line and made a strong impulse to higher support 1, thereby breaking it one more time and exiting from the pennant pattern. Now, the price continues to trades in the resistance zone and I expect that Bitcoin will make a little correction, after impulse up, and then continue to rise. For this case, I set my target at the 76000 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Enzyme (MLN), Pennant breakoutOn the above daily chart price action has consolidated for approximately 20 days to form a pennant formation. A breakout occurred today. The pennant breakout occurs on past resistance, which now confirms as support. The forecast is straightforward enough with the flagpole measuring a 60% move to the upside. The target area is not to be confused with a market top. Is it possible price action continues to correct further? Sure. Is it probable? No Ww Type: trade Risk: You decide Timeframe for long: 24-48hrs Return: 60%
Long
by without_worries
2
Swiss Franc can exit from pennant and try to break support levelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the support level, which coincided with the buyer zone and rose a little higher, after which CHF made a retest to the 0.8840 level. Then, the price entered an upward pennant and made at once strong impulse up from the support line to the current support level, which coincided with the support area, but when CHF reached this level, it made a fake breakout and fell below. After this, the Swiss Franc in a short time rose back to the 0.9000 level and broke it, after which continued to move up. But soon, the price rebounded down to the support area, where it some time traded and then rose to the resistance line of the pennant. Next, CHF turned around and declined back to the support area, where at the moment, it continues to trades near the support level and line of pennant. In my opinion, the Swiss Franc can rise from the support line to almost the resistance line of the pennant and then rebound down to 0.8935 points, thereby exiting from this pattern and breaking the current support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
BTC Bullish Continuation & Future predictions Bullish pennant has formed on CRYPTOCAP:BTC , price is currently ranging. We'll see a break to the upside sooner or later after the range is done. Expect new ATH's, this is possibly the final leg up before we hit complacency & mass retail enter. We'll arrive at bear szn once again. CBDC's will be pushed through globally 2025+. All thanks to crypto (Trojan horse) warming up the stage, to allow for a digital global currency. People are now used to the idea of digital money - especially and most importantly Gen Z who are the future. Crypto is not 'freedom'. Cash is king, it's non traceable - You can track crypto through blockchain. Everything is documented. Only a matter of time till UBI's will arrive as well. Universal basic income, which will be digital. AI will replace most jobs, and this will be the 'solution'. Limited spend, and maximum gov control. This should make you question who the real founders of BTC is. The wealth gap is widening and will only get worse, it's now or never to set your generations up to free from the system. Don't sleep on this era - You're on this timeline for a reason.
Long
by selenk