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Pennant

RIPPLE - Price can break resistance level and then continue riseHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced down to $0.4590 points, thereby breaking $0.4945 level, which coincided with support area. After this, price started to rise inside rising channel, where it rose higher of this level and reached resistance line of channel. Then Ripple bounced down to $0.4945 level, exiting from channel, and then Ripple rose to resistance line of pennant. But then price bounced and made strong downward impulse to support line, thereby breaking $0.5350 and $0.4945 levels. Also recently, price exited from pennant and now it trades very close to $0.4945 level in support area. Possibly, Ripple can break this level, make retest, and then bounce up to $0.5150 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
10
Bitcoin can make a small correction and then rebound up to 27400Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago started to decline inside the downward channel, where it declined until to 26400 support level, which coincided with the buyer zone. In a short time price broke this level, exited from the channel, and entered to upward pennant, which rebounded from the support line and made a strong upward impulse to the 28000 resistance level, which coincided with the seller zone, thereby breaking the 26400 level. Also soon, BTC broke the 28000 resistance level and rose to the resistance line of the pennant, but at once rebounded and made a correction below this level, making a fake breakout. After this movement, the price rose back to the resistance level and some time traded very close, and later Bitcoin bounced down to the support line of the pennant. A not long time ago, it broke this line, thereby exiting from the pennant and declining lower. Also, the price started to rise and now I think that Bitcoin can make a small correction, after which it can rebound up. For this case, I set up my target at the 27400 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
25
Ripple can break resistance level, make retest and continue growHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some time ago rebounded up from 0.4860 current resistance level, which coincided with the resistance area to 0.5235 resistance level inside the upward channel. But then the price started to fall and in a short time price fell to the support line of the channel. Next, Ripple made an upward impulse until to the resistance line of the channel, broke the 0.5235 resistance level, which coincided with the seller zone. After this price rebounded and declined below this level, but at once rose back to the resistance line and then started to decline. Ripple in a short time declined to support line of the channel, thereby breaking the 0.5235 level, and also entered to the downward pennant. After exiting from the channel, it delcined until to support line of the pennant, breaking 0.4860 current resistance level, and a not long time ago price rolled up to the resistance line. Now Ripple is traded very close to the 0.4860 level and I think that price can break this level, thereby exiting from the pennant too, and after this, the price can make retest and then continue to rise. For this case, I set my target at the 0.5050 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
Bitcoin can rebound down to 26500, thereby exiting from pennantHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few time ago rebounded from the resistance line of the triangle and made a strong downward impulse to the 25800 support level, which coincided with the buyer zone, thereby breaking the 28000 level. Then the price bounced up and some time traded near the 25800 level and later even made impulse up to the resistance line of the triangle, but at once rolled back. Also soon, the price declined lower buyer zone to support line of pennant and at once started to rise. Bitcoin in a short time rose to 27500 points, thereby exiting from the triangle and after this, it made a correction to the support line. After this movement, the price continued to move up and even later it rose to the resistance line, but soon fell back to the support line, making a fake breakout. As well recently BTC made a fake breakout of this line too and now the price trades very close to the support line inside the pennant. I think that Bitcoin can rise a little more and rebound, thereby breaking the support line. For this case, I set up my target at 26500. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
15
BITCOIN - Price can start move up to $28200, exiting of pennantHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 After price bounced from $26200 support level, which coincided with support line, it started to move up. Bitcoin reached resistance line, which is located inside support area, breaking $27400, but at once bounced back to support line. Later price fell to support area, where it entered to pennant and made strong upward impulse to resistance line. BTC broke $27400 level, and soon it bounced down of resistance line to this level, where it some time traded. Then price rose to resistance line again, but recently BTC fell and at the moment it trades near support line. In my mind, Bitcoin can bounce up from support line and start rise to $28200, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
21
AMZN bear flag. Must touch white TL before turning bullish. ~120This is a classic bear flag and trendline rejection on the daily. There is no floor for AMZN buyers to keep the price up here. Next floor and support is the white TL. We also saw NASDAQ:AMZN breakout under a long term trend here. 120 is just a mini target. They'll tell you markets are turning bullish but give it 1-2 weeks until they start pumping out, "Gov Shutdown Looming" headlines again. Manipulation is common and allows the markets to be liquid. Stop falling for it. In my opinion, today was a bull trap. Look at the SP:SPX AMEX:SPY CAPITALCOM:US100 chart: I said yesterday in a minds post that we'll pump to 430 then re-evaluate. I did not expect 430 to hit the next day. This is crucial and is usually a sign of weakness. Could be wrong. Welcome to follow & trade with us - many callouts this month including NASDAQ:NVDA @ 415 NASDAQ:TSLA @ 234 NASDAQ:AMD @ 95
NASDAQ:AMZNShort
by kingdips
1
Ethereum can exit of pennant and continue move up to 1660 levelHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price entered an upward channel, where it first declined to the support line of the channel, thereby breaking the 1600 support level, which coincides with the buyer zone. But soon it rebounded up and rose to the resistance line of the channel, which coincided with the 1660 resistance level. Then price at once bounced and declined to the buyer zone, where it some time traded and fell lower to support line aging. After this movement, ETH rolled up to the support level, broke it again, and then made an upward impulse to 1735 points, thereby exiting from the upward channel. Also, ETH entered to pennant, in which it started to decline and in a short time fell to the support line. But a not long time ago it tried to rise, failed and now it continues to trade near the support line. And possibly Ethereum can rebound from this line and start to rise to the resistance level, thereby exiting from the downward pennant. For this case, I set up my target at the 1660 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
BITCOIN - Price can make a little correction and then bounce upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price fell below $26600 support level and some time traded inside support area, where later bounced down and entered to flat. Inside flat, BTC declined to bottom part and then bounced up to $26600 level, where it making fake breakout. After this, price declined to support line of pennant and then made strong upward impulse to resistance line, breaking $28000 level. But soon, price declined below this level with resistance area to support line of pennant. A not long ago, it bounced from this line and now trades near and I think BTC can make correction to support line. And then price can bounce up to $28350, thereby 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❤️
Long
by WalterMoon
11
Pennant for Airbnb?!Price for the stock ABNB has found itself in a Pennant Pattern!! On the second touch of the Falling Resistance, price was terminated in my Fib'd Kill Zone which has currently brought Price down to the Rising Support AND the 200 EMA. -This touch will be the 3rd test of the Trend-line! Now price still has Pinch Room to play in this pattern and Pennant Patterns can break Bullish OR Bearish so we need to be mindful of Price movements at the perimeters of the pattern! On the Chart I have 3 possible outcomes: 1) If Price were to break bearish now, we could potentially see it test the Previous Low or the Break of pattern and bottom-side of the 200 EMA to continue lower in which case creates a "M" or Double Top Pattern 2) Price continues to Fill the Gap (Consolidate) until it builds up enough pressure to break Bullish and use the Break of Pattern or Fib Levels as a retest area to continue Higher -OR- 3) Consolidates until enough Selling pressure enters and breaks Bearish and uses Break of Pattern or Fib Levels as a retest area to continue Lower -Chart Patterns are known to fail 1/3 of the time! -BEWARE OF FALSE BREAKS!
NASDAQ:ABNB
by Novi_Fibonacci
Binance Coin can exit from pennant and continue to rise to 217 Hello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some time ago declined from the resistance line below the 211 support level and started to trade inside the buyer zone. But later price declined lower to the support line, where it at once bounced and made a strong upward impulse to the resistance line, thereby breaking the 211 level. Also, BNB made a correction to the support level and continued to rise to the 217 resistance level, which coincides with the seller zone. But when it reached this level, the price rebounded and fell to 213 points, breaking the support line. After this, Binance Coin entered to pennant, in which it rolled up from the support line and rose to the resistance line, breaking the resistance level. After this movement, the price bounced from the resistance line of the pennant and made a downward impulse below the 217 level to the support level. As well recently, the price bounced from this level and now it trades near the resistance line of the pennant. Maybe BNB can break this line, thereby exiting from the pennant and then continue to move up to the resistance level. For this reason, I set up my target at the 217 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
10
Gold can exit of pennant and then rebound down to support levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago price rebounded, broke the 1935 resistance level, which coincided with the seller zone, and then entered to downward channel. Inside the channel, the price first fell to the 1915 support level, which coincided with the support line of the channel, and at once bounced up to the resistance line. After this movement, the price rolled down from the resistance line and fell below the 1915 level, which there moment coincided with the buyer zone to support line of the channel. Next, Gold rebounded from this line and made a strong impulse up to the 1935 resistance level, thereby exiting from the downward channel. Also soon, the price broke this level and even rose higher than the seller zone to the resistance line of the pennant. But at once Gold started to fall and in a short time declined to support line, breaking the resistance level again. Recently price bounced up from this line and now Gold trades very close to the resistance line. In my mind, the price can bounce up, and break the resistance line, thereby exiting from a downward pennant and then starting to fall to the support level. For this case, I set up my target at the 1915 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
14
US100 ~ 4H Bullish Pennant (1H update)CAPITALCOM:US100 tapped & held above confluence. US Flash Manufacturing & Services PMI release could bring in some big swings in either direction...however intuition tells me majority of implied volatility will manifest next week with US data points: Wed - CB Consumer Confidence Thurs - Final GDP (q/q) | Unemployment Claims Fri - Fed Chair Powell Speech | Core PCE Price Index (m/m) | Revised UoM Consumer Sentiment & Inflation Expectations Play-by-play looks the way..
CAPITALCOM:US100
by BlueHatInvestor
Macy's Option Trade TAI noticed Macys( NYSE:M ) was way oversold and was overdue for a run at least to 12. This is my documentation for charting this play. I purchased Oct 12, 2023 $12 call. Sold for ~25% profit. I should have sold the call on Tuesday or Wednesday cause I hit my 20% profit quickly but I was being greedy. Having faith in conviction is one thing but to be a successful trader you need a trade plan and to follow it. Faith gets you posting loss porn on r/WallStreetBets. I have learned to be happy with this cause being greedy has cost me way more money. Note: The TA was done and tracked on the 5 minute chart but you need to have a time frame of at least 15 minutes when you publish ideas. That is why you see some funny UI glitches.
NYSE:MLong
by HotsauceShoTYME
2