Get started

Pennant

EURO - Price can break support level and continue to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded near $1.0835 level and then it made strong upward impulse, breaking this level. Then it continued to move up inside an upward pennant, where it reached the next support level, which broke soon too. After this movement, it reached the resistance line of the pennant and then corrected the support line. Euro tried to grow more, but failed and started to decline inside falling channel, exiting from pennant pattern. In falling channel, price declined to $1.1200 support level and then turn around and start to move up. I think that Euro can grow a little and then fall to $1.1065 support line of channel, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
Gold will continue to grow and exit from pennantHello traders, I want share with you my opinion about Gold. After looking at this chart, we can see how the price of Gold has been developing inside an upward pennant, formed after a powerful impulse from the buyer zone. This earlier move created a strong bullish foundation, supported by consistent reactions from the support area, which has since become a key defensive level. After the breakout from the upper boundary of the previous ascending channel, the price entered a phase of consolidation. However, rather than fading, the price action has remained tightly squeezed between the support line and the resistance trendline, creating the structure of a classic pennant. This pattern usually signals continuation, especially when supported by strong preceding momentum, which is exactly what we’re seeing here. Currently, the price is hovering around the support line of the pennant and has already shown signs of bouncing back up. If this rebound continues, the next logical move is a breakout through the resistance line of the pennant, with the 3450 level as a target. It aligns perfectly with the upper boundary and represents a strong technical TP1. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
16
GOLD - Price can bounce up to $3475 points, exiting from pennantHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded inside flat, where it two times broke $3045 levels and then made impulse up. Price exited from flat and continued to grow inside a pennant pattern, where it later reached $3320 level. Then Gold broke this level and rose to resistance line of a pennant, and then made a correction to support level, and then broke it. After this, the price declined to the support line of the pennant, after which it turned around and bounced up. Gold broke $3320 level and rose to resisance line of pennant, but recently it made correction to this level. So, now I expect that price can bounce up from this level to $3475, thereby exiting from pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
9
Sperax: Bullish pennant.Sperax is consolidating in a bullish pennant pattern after a strong recovery rally off the March lows. Price action has tightened between ascending support and descending resistance, forming a textbook continuation setup. Volume has decreased during this compression, which is often a precursor to explosive movement. Fundamental Catalysts (Despite GENIUS Act Stalling): Retail DeFi Narrative is Still Alive – While the GENIUS Act failed in the Senate, the momentum for regulatory clarity in the DeFi space continues. Future bills or executive actions could unlock capital flows to protocols like Sperax. Deflationary Pressure —Over 13% of the total SPA supply has been burned, with more tokens locked and lost. The actual circulating supply is meaningfully lower than the total supply shown on aggregators. SIP-70 has been passed , shifting SPA emissions from an automatic release model to a DAO-controlled emission schedule. This marks a significant milestone towards sustainable tokenomics and the preservation of long-term value. Long-Term Accumulation – Wallet data and order books suggest that whales and long-term holders quietly accumulate during this sideways range. Sperax remains a low-cap token with outsized potential in the next altseason if it secures even one meaningful partnership or fiat on-ramp.
COINBASE:SPAUSDLong
by IamSteven
ADA Sleeping Beast !Hello Traders 🐺 As you might have guessed from the title, this ADA pattern could easily deliver an 80%+ pump. I kept everything simple and clear on the chart — and minimized the text here — so let’s keep it short and straight to the point: After the FOMO triggered by the U.S. crypto reserve news, we saw a huge bullish harami candle 📈. But right after that, price dumped due to the tariff war tensions, and now ADA is trading below a very important daily resistance around $0.7667. In my opinion, this is the key level to watch right now 👀. If the price breaks above $0.7667 with confirmation, we could see a massive rally up to the next major resistance zone between $1.17–$1.30! 🚀🔥 So make sure to act accordingly, and as always remember: 🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺 🐺 KIU_COIN 🐺
Long
by Kiu_Coin
8
EURO - Price can start fall to support line of pennant patternHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded inside triangle, where it declined below $1.1310 level, but then made upward umpulse. Price exited from triangle pattern and broke the $1.1425 level, after which it entered to pennant pattern. In pennant, Euro reached the resistance line, after which it turned around and in a short time declined to the $1.1310 level, breaking $1.1425 Then the price some time traded between these two levels and later dropped to the support line of the pennant. But recently it backed up and now traded very close to resistance line of pennant, so, I think it can rise a little. After this movement, in my opinion, Euro can start to decline to $1.1300 support line of pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
GOLD - Price can make correction movement to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago, the price traded inside a little flat, where it declined to the bottom part and then started to grow. In a short time, it reached the $2955 level, broke it and started to trades inside a big flat, exiting from a small range. After this movement, the price reached the top part of the flat and then corrected, after which it entered to pennant. In the pennant pattern, Gold exited from a flat and rose to the resistance line from the support line, breaking the $3205 level. Also recently, price made a correction, but then it turned around and bounced up, thereby exiting from pennant. Now, I think that Gold can rise a little and then start to decline to $3205 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
9
HelenP. I Gold will drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. Looking at the chart, we can see how the price has recently formed a narrowing wedge structure after a strong impulsive rally. The price reached a significant peak and then started consolidating, forming lower highs with fading bullish pressure. What we now see is a classic sign of price compression within a pennant pattern. Currently, the market is testing the key resistance zone between 3360 - 3380 points. This area aligns with the upper boundary of the wedge, and the price has already reacted to it multiple times. Buyers were unable to break through convincingly, indicating a potential exhaustion of momentum. Meanwhile, the lower boundary is represented by a dynamic trend line. Given this structure, I expect Gold can decline toward the support trend line and possibly reach 3300 points, my goal. The combination of horizontal resistance, trend weakening, and pattern tightening supports a short bias. Given the recent lower high, the rejection near resistance, and the wedge formation, I remain bearish and anticipate further decline. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
7
Euro will exit from pennant and grow to resistance levelHello traders, I want share with you my opinion about Euro. Looking at this chart, we can see how the price, after a strong upward impulse, the price entered into a consolidation phase, forming a classic upward pennant pattern. Throughout this structure, the price repeatedly respected both the support line and resistance line, tightening inside the pennant while still holding above the support level at 1.1300. This zone, between 1.1280 and 1.1300, marked as the buyer zone, has acted as a strong floor multiple times. Every touch to this area sparked bullish reactions, and most recently, we can see the rice once again starting to grow after dipping into this zone. On the upper side, the resistance level at 1.1430 coincides with the breakout target of the pennant, and also lies just below the seller zone, making it a logical TP 1 area for bulls. The current price action suggests that after a minor pull-back, the price may test the lower pennant edge and then rebound, potentially initiating an impulsive breakout toward 1.1430. Given this structure and the strong base forming around 1.1300, I expect Euro will grow upward toward my TP 1 at the 1.1430 level, thereby exiting from the pennant. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
25
XTZ Secondary Trend. Channel. Wedge. Capitulation Zone. 07 05 20Logarithm. Time frame 1 week (less is not necessary). The secondary trend has formed a horizontal channel for several years, with repeating wedge-shaped formations, the third time we entered under the support of this channel not by squeezes to collect long stop-loss, but by full candles and the structure of a descending wedge. It looks more vertical. The corrective movement to this semi-vertical wedge, quite possibly, will similarly have an aggressive character. The wedge is almost in the final phase of its formation. I showed percentages for clarity to the key reversal zones, for orientation for your money management and setting the first medium-term, and possibly local targets. The main trend of this previously hyped cryptocurrency since 2017 XTZ/USD Main Trend. Descending Channel 01 2023
Long
by SpartaBTC
ETH Comeback ? Get the Champagne Ready ...Hello Traders 🐺 Hope you're all doing well. Let me be honest with you — when I first looked at this chart, I thought: “This could be the reversal we've been waiting for over the past two years!” 🔥 So please, take this setup seriously. If you manage it wisely, it could offer a highly profitable opportunity 👀📈 ⚙️ What’s happening? On the chart, we clearly see a bullish divergence on the RSI — and that’s always the first signal worth paying attention to. These divergences usually indicate that bearish pressure is fading, and it's time for the bulls to take over 🐂 But that's not all… This potential reversal is forming right above one of the most significant historical support zones on the ETH/BTC chart — a massive confluence. And as you know: "The higher the time frame, the more meaningful the level." chart : 🎯 Price Targets: On the 4H chart, after a clean bear trap, ETH/BTC started to bounce back and is now testing the neckline resistance at 0.01930. If we see a breakout here, the next price targets are: Previous local high at 0.02028 And a short-term target around the red resistance box near 0.02137 This setup could mark the beginning of a new Altseason — or at least a strong ETH-led rally. So act accordingly, manage risk, and as always: 🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺 🐺 KIU_COIN 🐺
Long
by Kiu_Coin
3
GOLD - Price can grow to $3370 resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently, price entered to pennant, where it at once bounced from support line and started to grow, but soon corrected. After this movement, Gold made upward impulse, and broke $3205 level, after which it made retest and continued to move up mext. Soon, it reached $3370 level, broke it and then rose to resistance line of pennant, after which started to fall. In a short time, price declined below $3370 level, breaking it again, and then some time traded below. Later, Gold continued to fall and declined to support level, which coincided with support line of pennant. Now, I think that price can bounce up from support level to $3370 level, exiting from pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
14
HelenP. I Bitcoin can make movement up and then start to fallHi folks today I'm prepared for you Bitcoin analytics. Price continues to move inside a rising wedge, gradually climbing higher while respecting the boundaries of the formation. After a strong impulsive breakout above the 93000 level, the market has entered a phase of sideways consolidation just below the upper boundary of the pattern. This area acts as a pressure zone, where bullish attempts are becoming weaker, and the price starts to lose momentum. What's important is how clearly the trend line has been respected, with multiple touchpoints confirming its significance. Recently, BTC tested the lower boundary of the wedge near 93000, rebounded, and made another push upward. However, despite this growth, the price is nearing the resistance formed by the wedge's upper boundary, and this structure often implies a potential reversal once the market loses steam. Given this setup, I expect BTCUSDT to reject the upper edge and correct toward 95000, my short-term goal. This level aligns with the trend line, making it a logical area for the price to seek equilibrium again. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
7
Bitcoin may rebound from seller zone and start to declineHello traders, I want share with you my opinion about Bitcoin. In the past, the price had been consolidating within a broad range, repeatedly rejecting support and resistance zones. The buyer zone between 79100 - 80300 provided a strong base, and from there, BTC began to grow, forming a bullish structure that led into an upward wedge. This growth accelerated once the price broke through the support area and continued upward until it approached the resistance level at 95500, which also overlaps with the seller zone. As the price moved inside the wedge, the bullish impulses weakened. Buyers lost strength near the resistance line of the wedge, and recent price action suggests that sellers are stepping in at the top. We’ve now seen multiple failed attempts to break higher, and the price is consolidating under resistance, forming pressure to the downside. This entire consolidation near the wedge resistance, especially inside a confirmed seller zone, indicates a likely reversal. The current structure shows signs of exhaustion, and if the support line of the wedge breaks, that would trigger a significant correction. Given this context, I expect BTC can make a bearish move toward TP1 at 91500 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
32
EURO - Price can drop to support level and then start to move upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently, price started to decline inside falling channel, where it reached support line firslty and then bounced up. Price grew to the resistance line of the channel, which coincided with $1.0950 level, and then in a short time fell back to support line. Next, Euro made an upward impulse, thereby exiting from channel, and also soon broke $1.0950 level. After this, price rose a little and then made correction, after which coincided to move up inside pennant. In the pennant pattern, the price broke $1.1320 level and later reached the resistance line, after which corrected. Now, I think that the Euro can exit from pennant, fall to the support level, and then bounce up to $1.1510 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
XAUUSD Technical Analysis: Bullish and Bearish ScenariosGold (XAUUSD) has exhibited a strong bullish impulse, breaking out of established channel structures. Following a sharp ascent, the price action has entered a consolidation phase near recent highs. This analysis explores potential scenarios based on technical patterns, key levels, and underlying market psychology. Chart Analysis and Market Psychology The chart displays a distinct uptrend characterized by ascending channels. Recently, XAUUSD experienced a significant upward thrust, breaking decisively above the shorter-term orange channel. This move reached the projected target derived from this channel's height, near the 3405 level. Following this peak, price action has formed a tighter consolidation range. This pattern, occurring after a sharp rally and on potentially decreasing volume (as is common in such formations), resembles a bullish continuation pattern, such as a pennant or flag. From a market psychology perspective, this suggests a temporary equilibrium: Buying Pressure: Bulls who drove the initial breakout may be pausing, absorbing profits taken by earlier entrants, or accumulating new positions in anticipation of further upside. The sharp nature of the preceding rally indicates strong underlying demand and potentially FOMO (Fear Of Missing Out) among participants. Selling Pressure: Sellers are attempting to cap the rally, potentially taking profits or initiating short positions. However, the observation that dips below 3259 were quickly bought suggests that selling pressure has been relatively weak compared to the buying interest defending this level. This rejection indicates that market participants still perceive value at or above this zone, viewing it as a potential support level following the breakout. The key level currently in focus appears to be around 3259. The price interaction with this level could be crucial in determining the next directional move. Bullish Scenario Conditions: For a bullish continuation, the price would ideally need to hold above the 3259 support level. A decisive breakout above the upper boundary of the current consolidation pattern would serve as confirmation. Psychology: This outcome would suggest that the consolidation phase was indeed accumulative, with buyers absorbing selling pressure and preparing for the next leg higher. It would reinforce the "impatient bulls" and "weak bears" narrative. Potential Targets: A retest of the recent highs near 3405. The target derived from the breakout of the medium-term turquoise channel, located near 3640. Given the aggressive nature of the preceding rally, an overshoot towards the higher projection at 3839 might become a possibility if bullish momentum remains exceptionally strong after breaking 3640. Bearish Scenario Conditions: A failure to hold the 3259 level, coupled with a break below the lower boundary of the consolidation pattern, could signal a potential reversal or a deeper pullback. This might involve price re-entering the previously broken orange channel. Psychology: This scenario would suggest that the buying pressure was insufficient to sustain the breakout, potentially indicating a "bull trap" or simply a more significant profit-taking wave overwhelming demand at current levels. Potential Support Zones: The upper trendline of the orange channel (acting as support after being resistance). The primary uptrend line (lower boundary) of the orange channel. The channel line (upper boundary) of the broader turquoise channel, which could coincide with the orange channel's lower boundary, potentially forming a confluence of support. Concluding Remarks XAUUSD is at a potential juncture following a strong bullish breakout. The current consolidation pattern holds the key to the next immediate move. Holding above 3259 and breaking the consolidation high could pave the way for further upside towards targets at 3640 and potentially 3839. Conversely, a failure to maintain support at 3259 might trigger a pullback towards the support levels defined by the underlying channel structures. Traders often watch volume closely during the resolution of such patterns for confirmation. Disclaimer: This report is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any asset. Trading involves risk, and decisions should be based on your own research and risk tolerance.  
OANDA:XAUUSDLong
by AccumulationPro
ZK Secondary trend.-82% Wedge. Reversal zones. 01 05 2025Logarithm. Time frame 3 days. Decrease from listing about -82%. For cryptocurrencies of such liquidity and capitalization, this is not the maximum decrease (-90-96%). But sometimes from such values ​​as now (-82-85%), taking into account the news hype during the listing "whales $ 458 million", a reversal and strong pumping can occur under the market as a whole. For example, like another hype project of "hanging noodles" - Flare (distributed to XRP holders). Decrease by -82% and then pumping slightly above the listing price under the next alt season of the cycle + 560%. This does not necessarily mean that this will happen, this is an example of what happens from such values ​​of decline with such liquidity and hype. In some ways, not only in the structure of the TA formation, but in the hype and disappointment of "investors", the projects are identical. Main trend , and the previously shown zone, in which the price is now. ZkSync Main trend. L2 for ETH. $458 million funds 21 02 2025 Main trend now in the moment (full trading history). There is no need to guess the minimums and maximums. It is important to know these zones and have an acceptable average price, from the position of the trend and its potential. It is regulated by the distributed entry volume (in advance) at potential reversal zones.
Long
by SpartaBTC
2
Gold (XAU/USD) – Bearish Pennant Breakdown SetupGold is forming a bearish pennant on the 4H chart, suggesting a potential continuation of the prior bearish leg. A confirmed break below the $3,275 support area may trigger further downside toward the key targets. Fundamentally, gold faces pressure from a firmer USD and rising real yields, which could accelerate selling momentum. Pattern: Bearish Pennant Sell Entry: Below $3,275 Targets: * Target 1 – $3,260 * Target 2 – $3,240 * Target 3 – $3,200 Bias: Bearish Trade Status: Setup forming – trade inactive until confirmed breakdown Disclaimer: This is not financial advice. Please conduct your own research and manage risk accordingly. Support: If you found this helpful, like and follow for more trade ideas!
TVC:GOLDShort
by Hellena_Fx
Price Takes a Breath Before the Next RunBINANCE:HBARUSDT has been moving in a smooth uptrend, followed by a brief consolidation — forming a classic bullish pennant pattern. This indicates a temporary pause before a potential continuation toward the main target zone at 0.21182 – 0.21855. A breakout above 0.19195 confirms the validity of the pennant pattern, especially after the price successfully held above the demand zone at 0.18907 – 0.18633. The next key level to watch is the prior high of the pennant (highlighted with a red arrow). For a solid bullish continuation, ensure the breakout is clean — no fakeouts or re-entries back into the pennant. If a false breakout occurs, it's wise to either trim your position or set a break-even stop to protect your capital. Note: Manage risk with proper stop loss just below the demand zone.
Long
by EkyFabyanto
GOLD - Price can correct to support area and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it at once broke $2885 level and reached resistance line of channel. Then it corrected and then continued to move up in channel, but later it dropped to support area. Price soon rose above $2885 level, making a fake breakout and after retesting this level, continued to grow. Later Gold reached resistance line of channel and then made correction movement, exiting from channel and entered to pennant. In pennant pattern, price made upward impulse, breaking $3275 level and at the moment it trades near $3275 level. I think that Gold can exit from pennant, decline to support area, and then bounce up to $3440 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
15
Euro may drop to 1.1200 points, exiting from pennant patternHello traders, I want share with you my opinion about Euro. Earlier, the price was growing steadily inside an upward pennant, following a strong breakout from the buyer zone. This impulse pushed the market higher toward the current support level at 1.1300, where the price found a temporary stabilization. Afterward, EUR moved into a range phase, trading sideways between local highs and lows. Despite several attempts to break higher, the market repeatedly showed weakness near the upper boundary, resulting in multiple turnarounds. Each bounce up was followed by lower highs, forming the descending resistance line of the pennant, while buyers defended the support area. Currently, the market is squeezed between the resistance and support lines, forming a classic compression pattern. Price action reveals increasing pressure on the support, and recent rebounds are becoming weaker, a clear sign of buyers losing momentum. In my view, the overall market situation has shifted from a strong bullish impulse toward a potential downside correction. So, given the breakdown structure forming and the price testing the lower side of the pennant multiple times, I expect a bearish breakout soon. My current TP1 is the 1.1200 points level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
12