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Pennant

Consolidate before pumping.. VCP and SMC concept Using both the Volatility Contraction Pattern (VCP) and Smart Money Concepts (SMC), we can build a clearer perspective on whether to buy TAI in the current market. 1. VCP Concept Consideration: The VCP pattern shows that the price is tightening and volatility is contracting. The price has been showing lower highs and stabilizing around $0.10. In a typical VCP, you wait for: A tightening range with lower volatility, which we are observing in the current chart. A breakout above a key resistance level, which has not yet happened. The breakout level would likely be around $0.15–$0.17, as that's where the previous highs have been formed. Buying Spot Now Based on VCP: Pros: The price is near a strong support zone around $0.10, which could represent the final contraction phase before a breakout. If you are confident in the breakout potential and willing to take on some risk, buying near this support might give you a favorable entry point before the potential surge. Cons: A VCP strategy generally recommends waiting for the breakout with strong volume to confirm the upward move. Since there has been no clear breakout yet, entering now is risky if the price breaks down further. 2. SMC Concept Consideration: From an SMC perspective, the market structure remains bearish: The current bearish trend and order blocks around $0.15 suggest a short-term continuation downward if the price doesn’t break the bearish structure. Liquidity grabs: There’s a possibility of a liquidity sweep below $0.10 before any upward movement. If this happens, you might get a better price than now. Fair Value Gap (FVG): An imbalance exists between $0.14–$0.15, meaning the price may retrace to fill this gap before moving lower, offering a potential entry for a short-term trade. Buying Spot Now Based on SMC: Pros: SMC suggests that if the $0.10 demand zone holds, this could be a sign of accumulation by institutional players, meaning the price could start to rise from this level. Cons: If a liquidity sweep occurs below $0.10, you might be able to enter at a better price, but you risk buying now at the upper range of consolidation. SMC often suggests waiting for market structure shifts (such as higher highs and break of resistance) before buying, which hasn’t occurred yet. Summary: Should You Buy Now? If you are a conservative trader using these concepts, the answer would likely be to wait: VCP theory suggests waiting for a confirmed breakout above $0.15–$0.17 with strong volume before entering. This breakout will confirm that the price is exiting the accumulation phase and entering an expansion. SMC theory advises waiting for the market structure shift to bullish, which would be indicated by a break of resistance or a liquidity grab below $0.10, followed by a strong recovery. If you are a risk-tolerant trader and believe in the long-term potential of TAI, buying at the current $0.10–$0.11 support zone could be a strategic move, with the understanding that: You might see short-term downside if there is a liquidity grab or continuation of the bearish trend. Place a stop-loss below the $0.08 level to minimize risks in case the price breaks lower. Final Recommendation: Conservative Approach: Wait for a breakout above $0.15 with volume. Aggressive Approach: Buy at the current support around $0.10 but manage your risk with a tight stop-loss.
TLong
by paulkongck83
2
Bitcoin can grow to 63K points exiting a pennant patternHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago started to grow inside the upward channel, where it in a short time rose to a resistance level, which coincided with the seller zone. Soon, BTC broke this level and rose to the resistance line of the channel, thereby later exiting from it and then turning around and starting to decline inside the pennant. In this pattern, BTC at once fell to the 61000 level, broke it again, and later continued to decline next to the support level, which coincided with the buyer zone. Later, the price broke this level and fell to the support line of the pennant pattern, after which at once started to move up and soon broke the 56100 level one more time. Next, the price continued to grow and reached the resistance line of the pennant, but recently it rolled down a little below and now trades near this line. So, in my opinion, BTC can correct to support line of pennant and then start to grow to a resistance level, thereby leaving this pattern. When the price reaches the 61000 level, it can break it and then continue to move up. For this case, I set my TP at 63000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
GOLD - Price can leave pennant and fall to $2440Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it rose to resistance line and then continued to decline. In a short time, price fell to support level, which coincided with support zone and made a fake breakout of this level. Gold exited from channel and later rose to 2478 points, after which made correction and started to grow in pennant. Price rose to $2525 resistance level and some time traded near this level, trying to break it, but failed. After this, XAU fell to support line of pennant and then started to grow, so, I think Gold can little grow. Then price can turn around and start to decline to $2440, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
1
Gold can fall to support level, break it and continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago started to trades inside the big range, where it at once rose to the top part, after which started to decline. In a short time, Gold fell to the support level, which coincided with the buyer zone, broke it, and even made a fake breakout of the bottom part of the range, after which quickly backed up. Next, the price rose almost to the top part of the range but later turned around and dropped to the buyer zone. Then price started to grow near the support line of the pennant and later reached the current support level, which coincided with the support area. Next, XAU broke this level, exiting from range, and reached the resistance line of the pennant. Price some time traded between this line and the 2485 level, after which later corrected to support line of this pattern. A few moments ago price turned around and rose almost the resistance line, where continues to trades near to this day. So, for this case, I think Gold can make small movement down and then reach the resistance line of the pennant. After this, the price can start to decline to the support level, exiting from the pennant pattern. Also, I think XAU will break this level and continue to fall, therefore I set my TP at 2450 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
6
BITCOIN - Price can bounce up from pennant to $61600 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose until to resistance line, breaking $64400 level. Next, price turned around and made downward impulse to $49000 points, breaking two levels and exiting from rising channel. After this, price started to trades inside pennant, where it at once bounced up from support line. Price broke $55300 level and later rose to resistance line of pennant, which coincided with resistance level. But a not long time ago BTC bounced and fell to support line, where at the moment continues to trades near. Now, I think price can bounce from this line to $61600, exiting from pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
EURO - Price can bounce down from pennant to $1.0950Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to pennant, where it at once bounced from support line to resistance line, breaking $1.0800 level. In this pattern, price made a gap, and later it bounced from resistance line and fell to support area, exiting from pennant. Next, EUR entered another pennant, where it at once started to grow to $1.1035 level, and exited from support area. When price reached this level, it broke it and rose to resistance line of pennant, but recently turned around and fell. Euro declined to resistance area, where continues to trades near support line of pennant, so, I think it can little grow. Then price can bounce down to $1.0950, exiting from pennant and breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
EURUSD Analysis==>Cup and Handle Pattern==>>Pennant PatternEURUSD is moving near the Support zone($1.105-$1.103) and managed to break the Downtrend line . If we look at the EURUSD chart from the point of view of Classic Technical Analysis , we will notice two Cup and Handle Pattern and a Bullish Pennant Pattern . After breaking the neckline, I expect EURUSD to rise to at least the Resistance zone($1.111-$1.109) . Euro/U.S.Dollar Analyze ( EURUSD), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
ETH SHORT "BEARISH PENNANT"Hope my chart analysis helps traders make wise decisions when trading ETH. I see a "bearish pennant" of course on a smaller time. A quick tip: You can tell which timeframe a pattern is on according to its size; I think it's on a 30min-1hr timeframe. I forget. The date and time symbol has no significance expect for the fact it may drop down to its support level (green line). I'll improve my chart and idea analysis & better descriptions in the future. Happy trading everybody!!!!!
COINBASE:ETHUSDShort
by calvinharrison2023
2
EURO - Price can exit from pennant and then start to move upHi guys, this is my update on a different timeframe for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to falling channel, where it at once made a gap and then reached resistance line. Next, price fell to support line, breaking $1.0880 level, but soon EUR made upward impulse from this line. Price broke $1.0880 level and exited from falling channel, and continued to move up inside pennant. In pennant, price later reached $1.1075 level, broke it, and even rose a little higher than resistance area. But a not long time ago EUR fell to support line, breaking $1.10750 level again, and now continues trades close. In my mind, Euro can exit from pennant and then bounce up to $1.1150, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
HelenP. I Gold can continue to decline to support levelHi folks, today I've prepared a Gold analysis for the hourly timeframe. Some time ago price reached the support zone, which coincided with the support level, but at once rebounded and dropped to the trend line. After this movement, the price made a strong impulse from the trend line, higher than the support level, breaking it and also started to trades inside the pennant. In pennant, Gold rose to the resistance line, but at once turned around and dropped to the support level, making a fake breakout of the resistance level with zone. Next, XAU turned around and in a short time rose back to the 2515 resistance level and broke it again. After this, the price some time traded between this level and a not long time ago fell to the trend line, which is the support line of the pennant also. Then it broke this line, thereby exiting from the pennant and now the price continues to decline. So, I expect that XAUUSD will make a retest of the trend line and then continue to decline, therefore I set my goal at the 2475 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
Bitcoin can little fall and then continue grow to 64700 pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago declined to the resistance level, which coincided with the seller zone. After this price started to grow and soon rose from the seller zone to 70100 points, but at once turned around and started to decline inside the pennant. Inside the pennant, BTC broke the 64700 level and fell to the support level, which coincided with the buyer zone and also soon broke this level too. Next, the price reached the support line of the pennant and at once rebounded and in a short time rose to the resistance line of the pennant, breaking the 56600 level one more time. Later, BTC exited from the pennant and started to trades in range, where it rose a little more and then made a correction movement until to bottom part, which coincided with the support level. After this movement, Bitcoin rebounded and rose to the top part, after which some time traded near and a not long time ago dropped to 58000 points. Then it started to grow, and I think BTC can decline a little and then continue to move up. For this case, I set my TP at a 64700 resistance level, which coincided with the top part of the range. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
BTC - FINALLY - Bullish BREAKOUT? For the last few months, I've been preaching patience as we saw a multi-month correction play out, all as a part of the bigger-picture Elliot Wave playout. The charts are looking positive after some bullish action started showing up from yesterday. I'd be ready to say the corrective phase is finally over and we're starting the new impulse wave up IF Bitcoin can keep above this support level highlighted on the chart, around $63k. This would validate a successful Flag-Breakout / Pennant breakout pattern. However, if we close a daily UNDER this key support zone - it's likely that we're not there just yet. I'm still of the opinion we'll be on our way towards a new ATH close to December, as BTC loves Decembers historically. ______________________________ BINANCE:BTCUSDT
COINBASE:BTCUSDLong
by CryptoCheck-