Get started

Pennant

Bitcoin can exit from pennant and rise to 97300 resistance levelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago started to trade inside the upward channel, where it at once rebounded from the buyer zone and rose a little. After this, it corrected to the support level and then in a short time rose to the resistance level, which coincided with the seller zone, but when it reached this level, BTC at once made a small correction. Next, the price finally broke this level and rose to the channel's resistance line, after which it made a correction and some time traded inside the seller zone. Later, the price made an upward impulse, exiting from the upward channel and when it reached 102K points, BTC turned around and started to decline inside the downward pennant. In this pattern, the price dropped to the support line of the pennant, breaking the 97300 and 93300 levels, after which it started to grow. Recently, Bitcoin reached the resistance line of the pennant pattern, breaking the 93300 level. So, given the current market conditions, I expect that BTC can exit from the pennant and then make a correction to the support level. After this movement, the price can start to move up to the 97300 resistance level. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Allakos Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Allakos Inc. Stock Quote - Double Formation * ((Wedge Structure)) | Completed Survey * 1.50 USD | Area Of Value | Subdivision 1 - Triple Formation * Numbered Retracement | Subdivision 2 * (Neckline) At 0.85 USD | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:ALLK
by TradePolitics
XRPUSDT Ready to Explode? Pennant Breakout Could Signal $5!BINANCE:XRPUSDT is currently forming a classic pennant pattern, indicating a potential breakout is imminent. With increasing buzz around CRYPTOCAP:XRP and massive adoption underway, the coin appears primed for a significant move. Once the breakout occurs, BYBIT:XRPUSDT could become unstoppable, potentially reaching a new all-time high. Our projection sees BINANCE:XRPUSDT climbing to $5 in the near future, driven by market momentum and strong fundamentals. However, as always, it’s essential to manage risks—set a stop-loss below the pattern support to protect your capital. Get ready for what could be one of CRYPTOCAP:XRP ’s most explosive rallies yet!

 COINBASE:XRPUSD Currently trading at $2.38
 Buy level: Above $2.3 Stop loss: Below $1.9 Target : $5 Max Leverage 3x Always keep Stop loss

Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
2
Bitcoin can exit from pennant and then start to growHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago broke the resistance level, which coincided with the seller zone and continued to move up next. Price rose to 108300 points (New ATH) and then started to decline in a triangle. In a short time, BTC fell to the 101800 level, broke it again, and then made a retest, after which continued to move down. Later, the price fell to the support level, which coincided with the buyer zone, and then bounced up, but soon turned around and declined back to the 93400 level. Then BTC turned around and rose to the resistance line of the triangle and then started to fall to the buyer zone. After it reached this area, the price some time traded inside and then rebounded up, thereby exiting from the triangle and continuing to grow in the pennant. In a pennant pattern, Bitcoin rose to the seller zone, after which it turned around and dropped to support line of this pattern. Recently it rebounded and now I expect that BTC can fall a little more, even exit from pennant, and then turn around and start to grow. For this case, I set my TP at 99000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Bond market bottom ? Equites down bonds to change and move up?Simply put, USA needs the interest rate to be lower, it bounces off the long term KLOS then we could see a change in direction for bonds something that next to no one is expecting. Trump is coming into help save the world. So his new team will make structural changes Elon could tweet to all to buy bonds and hey everyone who follows him takes action to save their own butts. Elon fixes the deficit hugely in relative proportions without putting the jobs at risk. That would on the one hand help savers and people with mortgages as if the price of the bonds goes up then interest rates go down. however the loss to Americans from their stock portfolios does not help the total money held by Americans. The box represents only 7% away price may reverse at round number 100, which is not so far away now. This area offers strong KLOS for a bounce from 2004 levels You could get short term fed notes which pay well and would benefit from any reduction in interest rates. I think these would hold their prices or go up a bit because they may get bid but the money moving out of equites. Interest rates to move lower ? (with a bit of dollar weakness ?) this will reduce the payments all governments need to make globally so as to stretch their budgets rather then raise taxes.
OANDA:USB30YUSDLong
by William_Playfair
$NASDAQ:AAOI Bullish Pennant Setup - 77% upsideNASDAQ:AAOI is forming a bullish pennant. Here are my thoughts on a setup. Buy-in Target: Conservative - $39.50 after confirmation that a breakout is happening - My signal is when the stock closes above $39.50 with relatively higher volume. Higher Risk/Reward - Purchase now (~$34) and set a stop loss at a point where it looks like the pennant is breaking down (~$32). This can be tricky because I've seen pennant patterns mutate into flag patterns (go from triangular to rectangular). If that happens they you'd want your stop set at ~$28. Price Target: $69.34 - I'd probably start a trailing stop quote (%) around $66 with a 5% threshold. Doing this allows the stock to continue to climb, but gives you a stop if momentum starts to collapse.
NASDAQ:AAOILong
by dzygadlo
LTC/USDT Descending Triangle Breakout with Retest OppurtunityKey Observations 1. The chart illustrates a Descending Triangle breakout, where the price has successfully moved above the descending trendline, confirming a bullish continuation. 2. The breakout has brought the price above the horizontal resistance zone at $115, which now acts as support. 3. A retest of the breakout zone ($115–$116) could provide an ideal entry opportunity for buyers. Strategic Implications Monitor the price action closely around the $115–$116 level for signs of a successful retest. If the support holds, it may lead to further upside, with the next target zone around $130–$140, aligning with previous highs. Use a stop-loss below $110 to manage risk effectively, as a breakdown below this level would invalidate the bullish setup. Look for volume confirmation during the retest to reinforce the strength of the breakout.
Long
by wsaetos
ARB/USDT Symmetrical Triangle Breakout with Pullback OpportunityThe chart depicts a Symmetrical Triangle pattern, indicating a phase of consolidation followed by a confirmed breakout to the upside. Currently, the price is undergoing a pullback, presenting a potential opportunity for entry within the retracement zone. Key Observations 1. The Symmetrical Triangle structure has already been breached, signaling the continuation of bullish momentum. 2. The price is retracing towards the $0.85–$0.84 zone, which aligns with key support and represents an attractive area for accumulation. 3. The projected target post-breakout is approximately $1.00, consistent with historical resistance levels and the triangle's measured move. Strategic Implications Focus on the pullback as a buying opportunity near $0.85–$0.84. Ensure the pullback holds within this range to confirm support and validate the bullish setup. Look for signs of reversal, such as bullish candlestick patterns or increased volume, to reinforce confidence in the trade. Set a stop-loss below $0.80 to mitigate downside risk, while aiming for the $1.00 target as the primary profit zone.
Long
by wsaetos
XRP/USDT Bullish Pennant Formation in ProgressThe chart illustrates a textbook Bullish Pennant pattern, suggesting the potential for upward price movement. Currently, the price action is encountering resistance near the upper trendline, indicating that a breakout may require additional consolidation. Key Observations 1. The pennant formation remains structurally intact, with the price consolidating within a narrowing range. 2. A confirmed breakout above the upper trendline is essential to validate the bullish thesis and initiate a sustainable upward move. 3. Upon a successful breakout, the projected target lies between $2.80 and $3.00, aligning with historical resistance levels. Strategic Implications Patience and discipline are paramount. Monitor closely for a decisive breakout with strong volume confirmation. Until then, be prepared for further consolidation or a potential retest of the lower trendline as the market gathers momentum.
Long
by wsaetos
3
Bearish Pennant on AUD/USD @ D1A bearish pennant similar to the one we currently see on the NZD/USD chart has also formed on the D1 chart of the AUD/USD pair. As is the case with bearish pennants, it can be used for a bearish breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.62747), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.60961), it is placed at the pole's length below the stop-loss. I will wait for a significant close below the pennant's border to consider trading this breakout.
Short
by AndriyMoraru
Bearish Pennant on NZD/USD @ D1A bearish pennant is visible on this NZD/USD daily chart. If the pair closes significantly below the pennant's lower border, it might signal a continuation of the preceding downtrend. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.56726), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.54873), it is placed at the pole's length below the stop-loss. I will wait for the price to close well below the lower border of the pennant area to enter a short position.
Short
by AndriyMoraru
UPDATE MOVEMENT BULLISH MOMENTUM!UPDATE! The chart of MOVE/USDT on the 4-hour timeframe displays a compelling bullish pennant formation, signaling a potential continuation of the uptrend. After breaking out from its support level at $0.82, MOVE climbed to approximately $1.05, where it encountered resistance along the upper trendline of the pennant pattern. The price is now consolidating within the pennant, testing the lower trendline support. This setup suggests that if MOVE maintains its support around the trendline and manages to break out of the pennant's upper boundary, the next target could be around $1.70. A potential correction might occur, bringing the price back to around $1.37, which would serve as a retest of previous resistance-turned-support before MOVE continues its ascent towards $2.40. The overall structure indicates a bullish bias, with the pennant formation typically acting as a continuation pattern in trending markets. Traders are likely watching for a breakout above the pennant's upper trendline to confirm the next leg up.
Long
by anandahaidarr
POV: TI - Pole and Pennant BreakoutPOV: TI - Pole and Pennant Breakout While the Nifty 500 and broader market are underperforming, this stock stands out as an outlier, consistently hitting new all-time highs (ATH). 🚀 Key Observation: This swing setup delivered a Pole and Pennant Breakout, a classic bullish continuation pattern that reflects strong buying momentum even in a weak market environment. Why It Matters: Constant ATHs signal exceptional strength. The breakout confirms the stock's resilience, making it a key watch for potential opportunities. Disclaimer: For educational purposes only, not financial advice.
NSE:TILong
by kzatakia
Gold can drop from resistance line of pennant to 2595 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price rebounded from the support line and rose to 2790 points, after which turned around and started to decline. In a short time, the price fell to the support line, breaking the resistance level, which coincided with the seller zone and then continued to fall next. Soon, Gold declined below the support line and even broke the 2595 level and fell to 2536 points. But later Gold turned around and made a strong impulse up to the seller zone, breaking the support level one more time, and started to trades inside pennant as well. Next, the price made a small correction and then some time traded in the range, after which in a short time rose to the seller zone back. In this area, it reached the resistance line of the pennant and then started to decline to the buyer zone, breaking the 2710 level. Later XAU some time traded near the support line of the pennant and then rebounded up to the resistance line of this pattern, which at the moment continues to trades near. For this case, I think that Gold can rebound from the resistance line and drop to the support level, exiting from the pennant. Therefore I set my TP at 2595 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
8
Albemarle Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Albemarle Stock Quote - Double Formation * 146.00 USD | Completed Survey * 012345 | Wave Count Entry Bias | Subdivision 1 - Triple Formation * ((Pennant Structure)) | Downtrend Continuation | Subdivision 2 * Numbered Retracement | Short Set Up | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:ALBShort
by TradePolitics
3