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Pennant

ETHEREUM - Price can exit of triangle pattern and then bounce upHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Some time ago price made upward impulse from support line of pennant to resistance line, breaking $2200 and $2365 levels. After this ETH at once bounced from resistance line and declined to support line, breaking one more time $2365 level. Later, price made impulse from this line higher than $2365 level, where soon it entered to triangle and then fell below. Ethereum declined even below support level, which coincided with support area, but recently it bounced from support line back. Now, ETH continues to trades in triangle near support line and I think price can exit from this pattern. Then Ethereum can decline a little more and later bounce up to $2310 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
4
EURO - Price can bounce down from resistance line to $1.0800Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded near support level, which coincided with support area, but soon it declined below to support line of pennant. After this, EUR in a short time rose back, thereby making fake breakout of $1.0775 level and later it made upward impulse. Price reached resistance level, which coincided with resistance area, and at once made correction, after which continued to grow. Euro in a short time rose to resistance line of pennant, but later it bounced and made downward impulse to support line. Also, price broke $1.1000 level, and now EUR trades very near to resistance line of pennant. I think, Euro can rise ot resistance line and then bounce down to $1.0800, 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
Solana bullish continuation pattern similar to BTC 2019.There's been a lot of hype on the Bitcoin ETF. I do think the FED is going to lower rates pretty soon (first quarter of 2024). IMO, a lot of the hype has already been priced into the ETF (IF it happens), however, the thing that's going to move markets to the downside temporarily -- is something negative. The reason the FED is going to lower rates, is because the economy is in freefall. I'm expecting higher unemployment. Traders need to know a very important fact, it's not the collapse, it's the response from the FED. I don't see a way out of what pattern they are currently in, this is no exception. Short term, Solana comes down to retest that 50ema somewhere? However! Don't fret, the FED will lower rates, print MASSIVE amounts of money and return to QE for Solana to explode higher from slightly lower levels here. IMO, if you are already long, hold. If you haven't bought yet, there is going to be an opportunity soon. Recall the 2017 BTC top, to the 2019 top, and pattern that developed there. Screenshots below. Solana could be in the exact same position now. A lot of the easy money in Solana, could have been made, but a 5x from the $100 level could also be made (I'm targeting, doesn't mean it will happen, a $400 - $500 SOL price top). So there is probably a pull back coming Q1 2024. If the $54 mark gets retested, could be looking at almost a 10x from there.
CRYPTO:SOLUSDLong
by otisfx
$AQB AquaBounty Technologies IncNASDAQ:AQB AquaBounty Technologies Inc entry PT 2.20-ish Target PTs 6 --> 8.20 --> 12.70 - 23 and higher AquaBounty Technologies, Inc., a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts. The company was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004. AquaBounty Technologies, Inc. was incorporated in 1991 and is headquartered in Maynard, Massachusetts.
NASDAQ:AQBLong
by BADQOMOCAWGOWLD
⤴️⤴️GPBUSD) bullish on the market) analysis)🖼️🚀The dollar crept higher on the first trading day of the year as attention turned to economic data this week that may provide clues on the Federal Reserve's next moves, while bitcoin surged ahead of $45,000 for the first time since April 2022. The dollar index DXY , which measures the U.S. currency against six rivals, fell 2% in 2023, snapping two years of gains. It was last at 101.44, up 0.059%, as investors weighed the prospect of the Fed cutting rates this year. The dollar's ascent weighed on the Japanese yen USDJPY the most, with the Asian currency down 0.35% at 141.36 per dollar, having slid 7% in 2023. Rescue teams in Japan on Tuesday struggled to reach isolated areas hit by a powerful earthquake on New Year's Day, with reports of more than 20 people dead in a disaster that toppled buildings and knocked out power to thousands of homes. Markets are now pricing in an 86% chance of interest rate cuts from the Fed to start from March, according to CME FedWatch tool, with over 150 basis points (bps) of easing anticipated in the year. "The question is when and how fast rate cuts will be delivered," Marc Chandler, chief market strategist at Bannockburn Global Forex, said in a note. "Moderating price pressures and weaker growth impulses have seen the pendulum of market sentiment swing dramatically from the 'higher for longer' mantra of most of last year to pricing in aggressive easing" from central banks, Chandler said. The focus now switches to a slew of economic data due this week, including the data on job openings and nonfarm payrolls. Minutes from the last Fed meeting in December are scheduled for release on Thursday and will provide insight into the central bankers' thinking around rate cuts this year. "The positive sentiment from end-2023 may roll over into this week as all eyes turn to the U.S. jobs report on Friday," said Nicholas Chia, macro strategist at Standard Chartered. At its December policy meeting, the Fed adopted an unexpectedly dovish tone and forecast 75 basis points in rate reductions for 2024. That contrasted with other major central banks, including the European Central Bank (ECB) and Bank of England (BoE), which reiterated they will hold rates higher for longer. Still, traders are pricing in 158 bps of cuts by the ECB this year, while the BoE is also expected to cut rates by 144 bps in 2024. The euro EURUSD was down 0.13% to $1.103, inching away from the five-month peak of $1.11395 it touched last week. The single currency gained 3% last year, its first yearly gain since 2020. Sterling GBPUSD was last at $1.2729, up 0.05% on the day, having clocked its strongest performance last year since 2017 with a 5% gain, although a weakening economy and election uncertainty make a repeat performance unlikely. Elsewhere, the Australian dollar AUDUSD was up 0.35% at $0.68335. The New Zealand dollar NZDUSD was little changed at $0.63155. The crypto world started the year with a bang, with bitcoin BTCUSD touching a 21-month peak of $45,532 on rising expectations that the U.S. Securities and Exchange Commission would soon approve exchange-traded spot bitcoin funds.
Long
by SMC-Trading-Point
BITCOIN - Price can try exit from pennant and then continue growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price made upward impulse from support line to resistance area, breaking $41000 and $43800 levels. Also, BTC entered to flat, where it fell lower than $43800 level, and soon tried to back up, but failed. Next, price some time more traded in flat, and last time made upward impulse from support level to resistance zone. After this, BTC a few time tarded in resistance area, but recently it bounced from this area and declined to support line of pennant. After fake breakout of support line, I think that Bitcoin can reach resistance line and try to exit from pennant. When price will exit from pennant, it can make retest and then bounce up to $45000, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
Euro can fall to support line of pennant, and try to exit of itHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago started to trades in a range, where it firstly rebounded from the support level, which coincided with the buyer zone, and in a short time, it reached the top part of the range. After this, EUR made a correction to the 1.0520 support level, exited from the range, and started to rise in an upward channel, where the price soon rose to the resistance line from the support line of the channel. Later Euro rose one more time and reached the current support level, which coincided with the support area, but at once it rebounded and made a downward impulse, thereby exiting from the channel. After this movement, the price started to trades inside a wedge, in which the Euro rebounded from the support line and made a strong impulse up to the resistance line, breaking finally the 1.1000 level. But a not long time ago Euro rolled down from the resistance line and now it trades near the support area. In my mind, the Euro can decline to support line of the wedge, which coincides with the support level, and try to break them. If the price makes this, it will exit from the wedge and then make a retest, after which the EUR will continue to fall. Therefore I set my target at the 1.0880 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
After exiting from pennant, BNB can continue grow to 240 levelHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time ago declined to the buyer zone, breaking the support level, and even later declined to lower this zone, but soon it rebounded back, making a fake breakout of the 245 level. Also, BNB started to trades in a range, where it later rose to the top part, but then rolled a little down. After this, the price made an upward impulse to the current support level, thereby exiting from the range and entering the pennant. In the pennant, BNB broke the 308 level, which coincided with the support area, and a few moments later reached the resistance line of the pennant. After this movement, Binance Coin bounced from this line and in a short time declined to support the area, but recently price rebounded up from this area and even soon broke the resistance line, thereby exiting from the pennant. So, now I think that Binance Coin will fall to the support area first, and then it can continue to move up. For this case, I set my target at the 240 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
BNBUSDT - Price can make correction and then bounce up to $342Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to $265 support level, which coincided with support area. Then, BNB broke $265 level, reached resistance line of channel, and then made correction to this level. After it some time traded near this level and then price rebounded and made upward impulse to $312 level, exiting from channel. Also, BNB started to trades in pennant, after channel, where it broke $312 level and soon reached resistance line. But a not long time ago price bounced from this line and declined to $312 level and at once bounced up. Now it trades near support area and I think that BNB can fall to support area, exiting from pennant, and then bounce up to $342 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
GOLD - Price can exit from pennant and fall to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to decline in falling channel, where it first reached resistance line and continued to fall. Gold in a short time fell to support line of pennant, thereby breaking $1995 level, but soon price bounced from this line back. Soon, XAU exited from channel and later rose to resistance line of pennant, but then it made correction to support line. Recently it bounced from this line and reached resistance line again, breaking $2045 level, which coincided with support area. Also recently, Gold bounced from this area and now it continues to rise in pennant, so I think price can rise a little. Then XAU bounces down to $2045 support level, 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
4
🚧ICXUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one ➡️ICX has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ICX is in, Is a Bullish Pennant 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 (Pennant pole) to happen! 🟡Summery: -ICX has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! 🤑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
1