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Pennant

TOTAL 3 ~ Potential Breakout in April 2024TOTAL 3 Altcoins minus BTC & ETH ✅Price has broken above the 200 DSMA ✅Price has broken out of the pennant ⏳126th week is 1st April 2024 Earlier today I shared TOTAL 2 which includes CRYPTOCAP:ETH and suggested that including ETH altseason could initiate from Feb/Mar 2024. TOTAL 2 breaking out ahead of TOTAL 3 makes a lot of sense as this is what has happened in prior cycles FIRSTLY, bitcoin leads the whole market like it has been. Secondly, liquidity moves into Layer 1 altcoins like CRYPTOCAP:ETH , CRYPTOCAP:ADA & EURONEXT:ALGO = TOTAL 2 in Feb/Mar Thirdly, liquidity moves into Layer 2 altcoins like CRYPTOCAP:IMX , CRYPTOCAP:MATIC & NASDAQ:OP (TOTAL 3 in Mar/Apr) After that the Memecoins and shxtcoins have their wild runs, which usually coincides with peak euphoria and the end of the bull market or a sizable correction. This is why you leave the gambling with small small positions until later in the cycle for those memecoin plays. I hope this helps you frame the timeline of the market in you mind. It may not happen exactly as outlined with the dates but the sequence will likely be the same so we can watch out for Layer 1's and Layer 2's moment next. PUKA
CRYPTOCAP:TOTAL3
by PukaCharts
1
Is a Rally Brewing? Technicals Signal Bullish Sentiment for AMDAMD Chart Analysis: Potential Bullish Signal on 4-Hour Timeframe I've observed a potential bullish pennant pattern forming on the 4-hour chart for AMD. This pattern often precedes price breakouts, with a target of $230 based on standard technical analysis measurements. However, it's crucial to remember: Technical analysis is not a guarantee of future results: Past performance doesn't predict future outcomes. Consider this pattern as a possibility, not a certainty. Thorough research is essential: Conduct your own research, analyze fundamental factors, and understand the inherent risks involved before making any investment decisions. Risk management is paramount: Always prioritize risk management strategies like stop-loss orders, regardless of technical signals or price targets.
NASDAQ:AMDLong
by ParabolicP
4
Watching to see if we break the up side of a long term triangleNASDAQ:EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140. In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a lot of upside. If $151 is tested and rejected, then we're heading back down to test the lower edge of the triangle. Good Luck!
NASDAQ:EALong
by dzygadlo
ETHEREUM - Price can break resistance level and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Some time ago price traded in flat, where it declined below $2285 support level, which coincided with support area, but soon backed up. Then ETH made strong upward impulse to $2715 points, thereby exiting from flat and starting trades in pennant. In pennant, price at once bounced down from resistance line to support line, making fake breakout of $2540 level. Later ETH bounced from support line and soon rose to resistance line again, and recently broke this line. Thereby price exited of pennant and now price trades very close to resistance level and I think ETH can reach it. After this, possible that Ethereum can break this level, make retest, and continue rise to $2680 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
Bitcoin can little correct and then continue to move upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago traded in the range, where it firstly declined to the 41500 support level, which coincided with the buyer zone, but soon BTC turned around and made impulse up higher than the bottom part of the range, thereby exiting from it. Next, the price entered to the pennant, where it rose to the resistance line, after which it made a strong downward impulse to the support line, thereby breaking two levels - 47000 and 41500. Later price turned around from the support line and in a short time rose higher than the 41500 level, breaking it one more time and little time later BTC reached the resistance line of the pennant and broke it too, exiting from the pennant pattern. After this movement, Bitcoin rose to its current support level, which coincided with the support area, and recently broke it also, after which the price made a retest and continued to move up. At the moment, the price trades near the support area, and in my mind, Bitcoin can correct to the support area, and then BTC will bounce and continue to grow. For this case, I set my target at the 49900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
SUPER ANALYSIS🔴 #SUPER Analysis : ❓❓ 🔮There was a formation of Bullish Pennant Pattern in #SUPER and breakout the pattern with good volume. We may see a rise in #SUPER📈📈 🔰 Current Price: $0.9097 🎯 Target Price:    $1.1652 and more ⚡️What to do ? 👀Keep an eye on #SUPER price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #SUPER  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
I Cannot Short This !!! Hi every one ➡️SOL has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which SOL is in, Is a Bullish flag Pattern ! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement ( Flag pole ) to happen! 🟡 Summery: - SOL has been Bullish Recently! - The odds of another Bullish Movement is High! - Bullish flag is Visible on The chart! - No break out yet! - Bullish Divergence 🤑 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
6
I Cannot Short This !!! situation+next targets.Hi. COINEX:LSKUSDT -has formed a bullish pennant pattern on the 4-hour timeframe. -A breakout above descending resistance could lead to a pump higher🚀 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
2
FG - F&G Annuities and Life - Pennant Breakout ImminentF&G is an annuity and life insurance company. Annuities and Life Insurance have been enjoying a good run due to higher interest rates. High interest rates decrease reinvestment risk. For annuities, higher interest rates mean higher income for customers. Baby boomers are retiring so there will be a massive demand for these products. The fixed income part of it would be the seller even if rates go down from here. Chart has formed a pennant and will go long on the breakout. Initial target around 60 as there is a bull flag element from 32 to 47.
NYSE:FGLong
by Kemsdale
PLUG - flagging at rest for continuation LONGPLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead. The uptrend has been solid. Two bull flag patterns are noted along the way. They follow pops on the Relative Trend Index indicator also showing bullish buying volatility on the Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my ongoing long position for PLUG which recently got an upgrade and higher target by more than one analyst. For a basic and simple trade, take the 3rd upper VWAP band at 6.35 as the target the mean VWAP at 4 as the stop loss for a basic3:! R:r trade. For something better zoom into a 15-30 minute time frame reset the anchored VWAP and fine tune.
NASDAQ:PLUGLong
by AwesomeAvani
1
EURO - Price can bounce down from support area and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it at once bounced from resistance area to support line. After this movement, EUR soon backed up to this area and some time traded in, after which price fell back. Next, Euro rose to resistance line, and then bounced down to support line of channel, finally breaking $1.0890 level. In a short time later, price exited from channel, broke $1.0780 level too, and fell to support line of pennant. Soon, price bounced from this line and rose to support area, where it continues to trades near $1.0780 level. Possibly, Euro can little decline, after which rise to support area and then price bounce down to $1.0715, exiting from pennant also. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
RIPPLE - Price can exit from penannt and fall to $0.4635 levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $0.5550 level to resistance line of downward pennant, after which it started to fall. In a short time XRP declined to $0.5550 level and broke it, then price made retest and later fell to $0.5010 level. After this price tried to rise and rose to resistance line of pennant, but it didn't fixed and soon fell to support area. Then Ripple bounced from this area and rose to resistance line again, making fake breakout of $0.5010 Recently XRP bounced down from resistance line and at the moment price trades very close to support level. In my mind, Ripple can reach resistance line again, and then bounce down to $0.4635, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
NIO - A Hidden Opportunity? NIO - NYSE:NIO I have a feeling this will be an unpopular recommendation but the chart is telling there is an opportunity at hand to take a low risk trade. ▫️ NIO is 90% down from $66 ATH ▫️ MAX China FUD (contrarian senses tingling) ▫️ TA allows risk adjusted entry The Chart ✅ RSI Bullish Divergence ⌛️ Potential green weekly reversal candle now ⌛️ Pending breakout from OBV pennant (coiling) ⌛️ Break above 200 Day (pending) The chart has a similar pattern to the 2019-2021. Confirmation of the upward trend in 2019 was a break above the 200 day SMA and finding support on it (green circle), this also coincided with a break out of the coiling OBV in 2019 (green circle). These two signals are very useful as at present we are coiling within the OBV in similar fashion. A break out above the OBV resistance line in 2024 could infer the beginning of an upward move 👀 There may be a positive divergence in play here also which helps the bullish argument. DOWNSIDE PROTECTION If the OBV breaks to the downside losing the underside diagonal support, we exit the trade. We could watch for a loss of the lower RSI resistance line also but will likely occur in sync. THE IDEAL ENTRY Ultimately the best entry would once price finds support on the 200 day SMA. At present that's a close above c.$8.20. Worth noting that $8.20 is just above the Point of Control - the most traded price level in volume terms. WHY ENTER NOW? An initial small position can be placed now as we have had a 90% decline from ATH (a 90% discount for a long term investment isn't bad). We also have a positive RSI divergence and we have the OBV and RSI lower support levels to watch to exit to protect ourselves from the downside. In the event we move higher, break out of OBV coil ,we can then add to the position, and if we break above the 200 MA and find support on it, we can add again. This allows for a low risk initial entry and as the trade moves in our favor we can add to the position as the conviction builds. We will either be quickly stopped out and lose very little or get in early entry with a 90% discount and get to play this long term investment position nicely. Position size is key here folks, that first position is an amount your don't really care about as we do not have any confirmation of a trend change yet. This is early doors. PUKA
NYSE:NIOLong
by PukaCharts