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Pennant

USDCHF - Price can bounce up from support level to $0.8995 levelHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 A few days ago price started to decline from $0.9440 point to support line, thereby breaking $0.9295 level. Also, Swiss Franc entered to pennant and bounce higher of resistance area, but at once started to fall. Then price exited from pennant and entered to falling channel, where it broke $0.9095 level. After channel Swiss Franc fell to $0.8860 level and started trading inside flat. At the moment price continues trade inside range. And maybe Swiss Franc can make correction to support level and bounce up to $0.8995 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
BNBUSDT - Price can break support level and continue to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few times ago prices bounced from support line inside support area to $334.0 resistance level and at once made correction. Next, Binance Coin bounced up to resistance area and even rise higher of it, but at once backed up to support area. Also, price broke $334.0 level again and later try to grow from area to this level, but failed. Then price made correction to support area and a few times later entered to flat. After flat Binance Coin sometimes traded in pennant and now price trades close to $320.5 level. I think price can continue to fall and try to break this level. As well BNB after break, can make retest and bounce down lower to $314.0 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
BITCOIN - Price can leave pennant and then fell to support levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Firstly, price traded inside from wedge, where it broke $27240 and $28410 levels. Also, BTC made strong upward impulse to higher of resistance area with HKEX:29650 level, thereby breaking it. Next, price made correction below this level and tried to rise again, but failed and entered to falling channel. After channel, Bitcoin fell to $27240 level and later backed up to resistance area, but at once fell to $28410 level. As well price started trading inside from pennant and at the moment BTC trades close to support line. Possibly price can make a little movement up to resistance line and then bounce down to $28410 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
COINBASE:BTCUSDShort
by WalterMoon
15
RIPPLE - Price can bounce down, thereby breaking support levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Price sometimes trades close to $0.5250 resistance level inside from wedge. But recently Ripple exited of wedge and bounced down to $0.4420 level. Also, Ripple broke $0.4785 level and entered to flat. After flat price started trades inside from pennant, where Ripple rise higher to $0.4785 level, thereby breaking it. Now price trades close to this level and maybe Ripple can break support level and bounce down again. As well, price can leave pennant, make retest or not, and fall to $0.4550 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
11
RIPPLE - Price can make retest of support level and bounce upHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A few days ago price bounced up from support area to $0.5850 point, thereby $0.4715 level. Also, Ripple broke $0.5320 level, but soon declined below and entered to rising channel. In channel, price reached $0.5320 level again and even rise higher of it, but at once bounced down. Then price left channel, fell first to support level, and later declined to support area, thereby breaking $0.4715 level. As well Ripple started trades inside pennant, but soon price exited from it and started trades close to resistance level. And recently price broke this level and at the moment trades close. In my mind, Ripple can make retest and then bounce up to $0.5110 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
$MASK/USDT 2h (#Bybit) Bull pennant breakout and retestMask Network is pulling back to 100EMA support where it seems likely to bounce and resume bullish after. ⚡️⚡️ #MASK/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.7% Current Price: 6.351 Entry Targets: 1) 6.200 Take-Profit Targets: 1) 7.491 2) 8.635 3) 9.780 Stop Targets: 1) 4.698 Published By: @Zblaba $MASK #MASKUSDT #MaskNetwork #Web3 #NFT Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +51.0% | +89.3% | +127.6%% Possible Loss= -42.6% Estimated Gaintime= 5-10 days mask.io
Long
by TradingOn
2
CXT: Bullish pennant (23%)CXT has bottomed in summer of 2022 and been climbing steadily ever since. Currently building into a bullish pennant pattern. Pros: 1- Post forming with volume 2- Descending volume during pennant forming 3- Volume at break out 4- PPS above 50MA and 200MA 5- RS above 0 and climbing 6- R/R ratio above 5 7- 250RSI above 50 and climbing 8- 50MA above 200MA 9- Both 50MA and 200MA ascending 10- Golden cross circled in blue Cons: 1- ATR a bit flat Target price is 57,56$ Again, stay humble, have fun, make money! MAAX!
NYSE:CXTLong
by LeLaf
ASRT: Bullish Pennant (76%), Not confirmedWell, the more I look, the more I see them. Bullish pennants and flags are showing their faces again, and they may be profitable if they confirm. In this case, ASTR has bottomed in 2021 and been climbing steadily ever since. Currently building into a bullish pennant pattern. Why so bullish? Pros: 1- Bullish Pennant forming 2- Post forming with volume 3- Descending volume during pennant forming 4- PPS above 50MA and 200MA 5- RS above 0, but a bit flat 6- R/R ratio above 5 7- 250RSI below 50 8- 50MA above 200MA 9- Both 50MA and 200MA ascending Cons: 1- ATR a bit flat 2- Pattern not confirmed yet. Target price is 10.68$ if this all goes to plan. Again, stay humble, have fun, make money! MAAX!
NASDAQ:ASRTLong
by LeLaf
2
BNBUSDT - Price can break resistance level and continue to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few days ago price broke $329.5 level, but at once started to decline inside from falling channel. And soon Binance Coin fell below support area to $306.5 level, but at once bounced up to area. Also, price made correction to support level again and then bounced higher to $329.5 level. As well Binance Coin started trades inside pennant, but recently price exited from it and fell from $350.0 to support area. Now price trades below $329.5 level and maybe Binance Coin can bounce higher to this level again. Besides, price can make retest or not and continue to rise to $343.5 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
A little RLC can go a long way IExec RLC/BTC I spent yesterday evening looking for tokens/coins that have outperformed or kept on par with their BTC valuations. The obvious ones are MATIC and ETH but I'm looking for other smaller hidden opportunities in the charts. I cam upon RLC, and it might be worth keeping an eye on this. Neutral for now but its coiling. - Forming Pennant - High volume increase from May 2022 - Feb 2023 - Volume lower now but still generally significantly up since this time last year. - During the same period up 150%+ against BTC - low cap 197 rank coin by market cap (High risk) - No longer above the 10 or 12 SMA. this would be ideal as it tends to ride higher off it. - The USD pair is technically in a churning uptrend. IMPORTANT: I used HITBTC Exchange as it highlights or emphasizes the volume increase. On Binance the volume is still pressing gradually up and the that chart i not as stark. HITBTC Exchange is one of the older exchanges where new coins where born. Buys - Bottom of pennant channel (or slightly under) - If we get above 10 day SMA. In the last bull run in 2020/21 I made a killing on this coin from $0.50 to $8. At the time the coin had a lot of promise. It had partnered with IBM, Intel, Ubisoft and Nvidia. At present they are working on an AI offering and this could see the AI promise in the crypto space. But we focus on the chart, the price tells us everything. That's the main indication here. Price over everything. A little background can give the token distinction for memories sake. Lets keep an eye on this one. PUKA
by PukaCharts
2
The Vix TrendThe Trend in the VIX It appears the VIX is bouncing off its lower diagonal support. Historically the VIX does move in diagonals trends, even prior to this one. This chart is self explanatory from a trading perspective. - Double bounces off diagonal support have been good long entries. - Within 1 - 4 weeks of the double bounces there has been large increases in volatility (150%+ moves). This one has capacity for a 60 - 80% move and your risk is 5% to the downside. - The risk reward is reasonable if you are not using leverage or using low leverage (2x or 3x). In general just don't ever use leverage, trust me. - If you are going to use leverage, which i don't recommend be careful and recognize and ensure that the the product on your chart is the same as on the platform you are using. (There are multiple VIX products and they all move a little different). Also please ensure you weight your margin put down 2 :1 or 3:1 to give you ample room to avoid liquidation (stops don't always work on fast moves so we protect against that too). - Honor the dashed orange line. Strength and Honor!! - The orange dashed line means you are leaving with a small loss or your exiting the trade with at least 80% of your original position after making some nice profit. Any move higher than this will mean epic recession and whilst a recession is highly likely within the next 12-18 months, that's a long timeframe in a volatility trade....lets not put our emotions through that. - I would hope that we would have some direction on this trade short term....within 4 to 8 weeks. Major Caveat - I do not trade the VIX however I will trade this set up and I have been haunted this chart for some time. I consider this a highly risky trade and I will only be putting down a small percentage of a percentage of my portfolio. If you are unsure about this trade, please only place a small fraction of what your had already considered. I could not pass up sharing this as it really does look like a reasonable risk to reward and there is a defined pattern from a TA perspective. Good luck to you all PUKA
TVC:VIXLong
by PukaCharts
20