Pennant
Binance Coin can exit from pennant and rise to 270 levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few time ago traded in a range, where it two time fell to the buyer zone, which coincided with the support level. In a second try, BNB rebounded from this zone and rose to the top part of the range, after which turned around and in a short time declined back, thereby exiting from range and breaking 297 one more time. Then the price started to rise in an upward channel, where soon, BNB rose higher than the 297 level and later made a correction movement to this level, which coincided with the support line of the channel. Next, the price bounced from this line and continued to move up in the channel to the resistance line, but when it reached this it, BNB rebounded, entered to the pennant, and made a strong upward impulse to the resistance line of this pattern, thereby exiting from the channel and breaking 350 level, which coincided with support area. But a not long time ago price rebounded from this line and declined to support area. At the moment, BNB trades near the resistance line of the pennant and I think that the price can fall to the support area and then continue to move up, thereby exiting from the pennant. For this reason, I set Take Profit at the 270 level. Please share this idea with your friends and click Boost 🚀
Bitcoin can make correction movement to 48900, exiting of rangeHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago made downward impulse from resistance line of the pennant to 41500 support level, which coincided with buyer zone. After this movement, BTC some time traded near this level, after which in a short time price broke this level and declined to support line of pennant. Then BTC turned around from support line and started to grow to 41500 support level. Soon, the price broke this level one more time and continued to move up to the resistance line of pennant, and after reached this line, BTC fell to the support line and then made a strong upward impulse to 48900 level, which coincided with the support area, thereby exiting from the pennant. In a short time later, price broke 48900 level, made retest and rose a little higher, but a not long time ago it started to trades in range, where price continues to trades to this day. In my mind, Bitcoin can decline to the bottom part of the range, then make little movement up, after which continue to fall to the current support level, thereby exiting from range. For this reason, I set two targets, first target at the 50600 level, and second - at the 48900 support level. Please share this idea with your friends and click Boost 🚀
Dollar Index Analysis.......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
Ripple can decline to 0.5315 points, breaking support levelHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the 0.5180 support level, which coincided with the buyer zone and declined below. Then the price turned around and started to rise in an upward channel, where XRP soon broke the 0.5180 level broke it again and rose to the resistance line of the channel. After this, the price bounced down from this line and declined to the buyer zone, where it exited from the channel and entered to upward pennant, in which Ripple turned around and then it rebounded from the support line and made a strong upward impulse to resistance line, thereby breaking 0.5500 level, which coincided with resistance area. But a not long time ago price rebounded from this line and declined to 0.5500 current support level, and at the moment price trades very close to this level in the resistance area. So, in my mind, Ripple can exit from the pennant, break the support level, and continue to decline. For this reason, I set my target at the 0.5315 level. Please share this idea with your friends and click Boost 🚀
GOLD - Price can bounce up from support line to $2030 pointsHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it reached resistance line and broke $2020 level, which is located in resistance area.
Price exited from channel and started to trades in pennant, in which Gold declined to $2017-2023 resistance area.
Then price rose to resistance line of pennant and then continued to decline in this pattern.
Gold broke $2020 level and fell to support line of pennant, which coincided with $1990 level and support area.
But at once price bounced and started to rise near support line of pennant, and in my mind, Gold can correct to support line.
After this, I think XAU can bounce up to $2030, exiting from pennant and breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Neutral - Watching Pennant/Triangle Consolidation PatternCisco is having trouble getting past the high from the tech bubble at the turn of the century. Keeping an eye on this chart pattern that has formed as it consolidates (may take several more years to play out). I won't short if it breaks down, but I'm watching for a potential upward breakout to trade on (looking for a decisive monthly close above the green tend line ideally with significant volume).
This will be interesting|Oil Mid Term PlayLets focus on Feb.'23. Price came from a downtrend, and consolidated under its last support structure to only selloff again.
At the same time, price has been coiling for a move to the upside. This is where we go from $67 to $94 and the range is now formed.
Fast forward till today and yet again we have similar price action like we did last year around today.
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
TOTAL 2 - Feb/Mar 2024 Key Months for bullish price action TOTAL 2
Crypto Total Market Cap Excluding BTC
✅Above 100 week SMA
✅End of 149 week Cycle (new bull cycle starts)
✅Break above POC
🚨One last pull back (Make it count)
March 2024 is looking like a key month
(You have 4 weeks ~ dip the beak)
We watch for a failure too, if we lose the 100 week (first warning) and if we exit the lower pennant with a close....GET OUT.
PUKA
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 $230 based on standard technical analysis measurements. However, it's crucial to remember:
Technical analysis is not a guarantee of future results: Past performance doesn't predict future outcomes. Consider this pattern as a possibility, not a certainty.
Thorough research is essential: Conduct your own research, analyze fundamental factors, and understand the inherent risks involved before making any investment decisions.
Risk management is paramount: Always prioritize risk management strategies like stop-loss orders, regardless of technical signals or price targets.
Alchemix ($ALCX) Bullish OutlookAlchemix ($ALCX) is so undervalued right now, a hidden gem of De-Fi projects.
Falling wedge spotted in 1W time frame, if the price break the swing high then we are good to go. My target is the first major resistance/supply area around 250-400 USD. Don't miss out on this, atleast buy some small amount you will thank yourself in the future.
BTC might move back inside the ascending channelThe shoulder head shoulder pattern may result in an upside move. Long trade can be opened if BTC can make a nice retest coming out of the ascending triangle.
In case of a rise, the 44k level will be quite critical. If it goes above this level and makes it a support level, the rise may continue until the top of the channel. If it cannot close above it, a retreat to current levels is possible.
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!
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❤️
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 🚀