Bitcoin resistance still holdingI am more in a camp of "bitcoin will go down with nasdaq" rather than "bitcoin is an inflation hedge, a gold 2.0".
Pennant
GBPUSD - Price can leave pennant and rise to resistance levelHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
Some days ago price broke $1.2615 level and entered to resistance area, where some time traded and later bounced up.
After price rose to $1.2885 points, it started to decline inside the falling channel, which fell to $1.2615.
Later GBP broke $1.2615 level, after which made upward movement to $1.2710 points, and then made a strong downward impulse.
Price broke $1.2615 level one more time, exiting from channel and starting to trades inside pennant.
In this pattern, GBP declined below $1.2425 support level, but recently backed up and now trades close resistance line.
In my mind, British Pound can fall to support line and then bounce up to $1.2615 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin Bears Roar: Flagging Down to $52K? 🐻📉📉 Bitcoin Analysis: Rejection from Bear Flag Pattern on 4-Hour Chart
📊 Analysis: Bitcoin appears to be rejecting from a bear flag pattern on the 4-hour chart, indicating potential further downside.
💲 Current Price: Bitcoin is priced at $64,100, showing signs of downward pressure.
📉 Measured Move: The measured move of the bear flag pattern points to a target of $52,000, coinciding with a .382 Fibonacci retracement level.
🔍 Invalidation: Invalidation of the bearish scenario would occur if Bitcoin breaks decisively above the upper boundary of the bear flag pattern and establishes a new uptrend.
🛡️ Risk Management: Implementing risk management strategies such as stop-loss orders and position size management is crucial in volatile market conditions.
🔄 Stay Updated: Market conditions can change rapidly, so it's essential to stay updated on price movements and adjust strategies accordingly.
TSLA still cheap for 2024This past week we bounced off of LT support in our large pennant. We could still break bearish or bullish, but right now we're at the low-end of the pennant.
Buy below $160, sell closer to $200. This can go on for the rest of 2024 and into 2025.
Ethereum can make small movement up and then bounce downHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price some time traded between the resistance level, which coincided with the seller zone, and after the price broke it again, ETH turned around and in a short time declined to 3230 points, breaking the resistance level one more time. Then the price a few moments later turned around and made a strong upward impulse, breaking the 3530 level again, but soon turned around and entered to downward pennant. In this pattern, ETH made a downward impulse to support line, breaking 3530 and 3115 levels. But soon, Ethereum made impulse up from the support line of the pennant to the support level, which coincided with the support area and even rose higher but later declined back to the support line. A not long time ago price bounced from the support line and in a short time rose to the resistance line of the pennant, breaking the 3115 level again. Soon, Ethereum exited from the pennant pattern and now it continues to rise. In my opinion, ETH can rise a little more and then decline to the 3115 support level, which is my target. Please share this idea with your friends and click Boost 🚀
HelenP. I Swiss Franc will make retest, and then rebound upHi folks today I'm prepared for you Swiss Franc analytics. Some time ago price declined to support 2, which coincided with the support zone, and soon broke this level and fell even lower support zone. But later CHF turned around and rose to this area and some time traded in, after which price even rose higher to support 2, but soon declined back. After this movement, CHF made strong impulse up to resistance zone, thereby breaking two support levels, after which price made correction movement. Then the price rose back to the resistance area and some time traded in, after which the Swiss Franc corrected move to 0.9080 points, after which the price tired to back up to the resistance area, but failed and made an impulse down to the trend line. Next, the price started to trades in an upward pennant, where the price in a short time rose to support 1, broke it and at the moment, CHF continues to trades inside resistance zone. So, in my mind, the Swiss Franc will make a retest, after the breakout and then continue to move up. Also, I think that the price can exit from the pennant, so, I set my target at 0.9175 points. If you like my analytics you may support me with your like/comment ❤️
BNB is going to do a bullish movement pretty soonBINANCE:BNBUSDT
BNB has created a bullish pennant pattern which means It's about to do a bullish movement which is great for bulls. The break out has not happened yet. When it happens the price shall increase as much as the pennant's pole. Note that there are 2 resistances along the way. One sits around 630$ and the other is around 670$( big resistance which should give difficult time to bulls)
Higher Low Retest (Expected trend reversal)Waiting for a new higher low retest above recent lower high (0.85703), near Fibonacci zone of 0.50 and 0.618 where high probability set-up's occur. The recent breakout could also be a sign of a trend reversal as confirmed by a bullish pennant chart pattern.
#FED causing Commercial Real Estate/ Banking CollapseCommercial real estate
"..talk of black swans of an economic nature forcing the Fed to print trillions again. Commercial real estate may be the next domino to fall. Back in 2008, default rates rose to 9%, up from 1%, as interest rates rose.
Today, the damage to commercial real estate loans which total about $2.7 trillion could be far greater. Over 40% of the US work force now works remotely since May 2020. The decline in demand for commercial properties has worsened by recent tech layoffs. The value of office sector REITs have fallen by about 55% which translates into a 33% reduction in the value of office buildings.
The default rate of between 10-20% in commercial real estate which was the lower end seen during the worst of 2008 would result in about $80-160 billion in additional bank losses. This would be ruinous for hundreds of smaller and midsize regional banks that have already been weakened by higher interest rates. The 2008 financial crisis spread from the housing sector to the rest of the economy as large banks with exposure to housing took tremendous losses.
Today, the Fed has created a moral hazard in guaranteeing depositors. Bank executives may take bigger risks if they believe the Fed will step in to protect depositors."
HelenP. I Gold will correct to support level and then rebound upHi folks today I'm prepared for you Gold analytics. A few moments ago price reached the support level, which coincided with the support zone, but at once rebounded and declined to the trend line. After this movement, XAU turned around and made a strong impulse up, breaking the 2300 level, after which it rose a little more. Later Gold corrected, after which in a short time rose to a resistance level, which coincided with the resistance zone. Also, the price broke this level and rose a little more, but soon it turned around and made an impulse down to the trend line, breaking the 2400 level again. After this movement, the price in a short time rose to the resistance level and then made a strong impulse down to the support level, thereby breaking the trend line. As well price formed a pennant pattern, but for this day XAU continues to trades near the 2300 support level and I expect that Gold will make a correction to the support level and then rebound up. That's why I set my target at 2350 points. If you like my analytics you may support me with your like/comment ❤️
British Pound can turn around and try to break resistance levelHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel to the buyer zone, which coincided with the support level and then price some time traded in this area. Later the price rebounded up, exiting from the downward channel, but after this it made a downward movement, breaking the 0.8540 level again. Soon, GBP turned around and started to rise inside from an upward pennant, where it broke the support level one more time, making a fake breakout. After this, the price made a correction to the support line of the pennant and then made an impulse up to the resistance line, thereby breaking the 0.8615 level, which coincided with the seller zone. But a not long time ago British Pound turned around and in a short time declined below the resistance level and now it continues to decline. In my mind, EURGBP can fall to the support line, after which the price will turn around and rebound up to the resistance line of the pennant, breaking the resistance level. So, that's why I set my target at the 0.8635 level. Please share this idea with your friends and click Boost 🚀
GOLDMAN SACHS - Pullback and looking to new highs?NYSE:GS price recently broke out from a pennant, and the price seems to be bouncing from previous high. If we properly get a pullback from here to around 322-330 usd, it would be a great oportunity to buy and hold until 470-500 usd. The price has yet to test the top of the pennant and the trending line aswell. Breaking the trendline could make the current rejection at 420 usd mark play out as a double top, and posibly make the price revisit 200-250 usd.
YPF - looking bullishNYSE:YPF breaking out from a massive pennant and doing new local highs, waiting for a pullback to 10 usd. Amazing opportunity to buy between 7 usd and 11 usd and hold very long term or sell at 35 or 50.
ZALANDO - breaking outZALANDO making a breakout of a two resistance, a nice bullish divergence working out aswell, looking forward for a higher high or a retracement to 10 usd to buy.
Selling in 44 or holding until 80 usd.
OXY - a bullish setup for the agesOXY is on the verge of breaking through a major resistance line which was first touched over a decade ago. As the daily chart repeatedly bumps up against, but not crossing, this key resistance line, multiple factors make OXY a screaming buy.
BNBUSDT - After exiting from pennant, price can continue riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it once bounced from support level and rose to $611 resistance level.
But soon, price turned around and declined back to $550 level, which coincided with support area.
After this, BNB in a short time rose to resistance level again and even made fake breakout, after which made downward impulse.
Price exited from flat and started to trades in pennant, where it declined lower 550 level, but soon backed up.
Also recently, BNB exited from pennant and now trades close to support level, so, I think price can fall to this level.
Then Binance Coin can bounce from support level and start to move up to $585
If this post is useful to you, you can support me with like/boost and advice in comments❤️
#DYMUSDT T:F - 1H🚨IMPORTANT PRICE UPDATE ✅
#DYMUSDT T:F - 1H
#DYMUSDT currently trading at $3.540 and a BULLISH PENNANT PATTERN has been spotted.
A BULLISH PENNANT is a bullish continuation pattern that signals the extension of the UPTREND.
NFA
DYOR(Do Your Own Research)
Hit 🚀 if you guys want more Crypto PATTERN updates !
#DYMUSDT #crypto #Patterns #thesoumyoroyanalysis
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
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❤️
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❤️
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❤️
BTC 85K Promise TARGETBINANCE:BTCUSDT
#BTC is still Moving inside the BULLISH Pennant on the Daily timeframe Chart.
Still I'm Bullish on BTC & Expecting New ATH in the Coming Days
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.
