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Pennant

BITCOIN - Price can bounce up and exit from pennantHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few days ago price fell to support area, but backed up to resistance level. Next, Bitcoin declined below area and a few times traded close. Later price made upward impulse, broke $28240 level, and started trades inside from flat. Inside flat Bitcoin traded between $28240 level and even fell to area again, but at once backed up. Also, recently price entered to pennant and bounced up to $31050 point, thereby breaking $29900 level. Now Bitcoin continues trades close to support line and in my mind price can make correction to this line. After this price can bounce up, leave pennant and continue to grow to $31285 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
COINBASE:BTCUSDLong
by WalterMoon
17
DYDX/USDT - bullish pennant with 2-3x potentialDYDX/USDT is showing a very promising bullish setup which will likely break out soon. In this setup we can see a bullish pennant which is shaped like an inverted head and shoulders pattern that's near completion, successful retests of the previous downtrends and price sitting above the previous 2.50 resistance. I really like the look of this setup and expect to see high double digit % returns and potentially even a 2-3x depending on the momentum of the breakout. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - Buy zone: current price range, anywhere near the tip of the pennant or if you prefer a safer approach buy the breakout - Targets are marked in the chart In case of a pattern failure look for support on the dashed trend lines for a potential re-entry. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ I will try to keep this idea updated as the chart develops. Best of luck and let me know what you think!
Long
by Wolfy_
Targets If btc validates the falling wedge breakout here.We can see a falling wedge on btcusd’s 1 day chart and a nice candle break above the top trendline of the wedge with good bullish volume surge confirmation to go with it greatly increasing the probability the breakout of this wedge will be confirmed. If so the full measured move target from the wedge would take price just ever so slightly above the pink neckline. If however this wedge is more valid as a pennant then the second higher target around 31490 will be 100% of the pattern’s measured move. Reaching the pennant target will greatly increase the probability of triggering a breakout of the inv h&s pattern represented here by the pink neckline. A close above both the 1 day 50ma (in orange) as well as the weekly 50ma (not shown here) would also be a very bullish development for bitcoin especially if it can maintain support on those MAs on the follow up daily candle. We have created a gap over the weekend in the CME futures but nothing says we have to absolutely fill that gap. Gap fills are always something to consider but never to expect as a certainty *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Kaspa Daily Bull Flag TargetKaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been open for a couple weeks now. Kaspa has done ~20,000% since May, though, no charts on TradingView currently show it's whole lifespan. If you want a list of reasons why I am so bullish on Kaspa, you check out this Reddit article I wrote. It's a ten minute read and in my opinion, well worth your time: Mega List of Reasons for Kaspa's Growth - For Newcomers
Long
by D-Rock_Anomaly
2
EURGBP - Price can bounce up and break resistance levelHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 After falling, the channel price fell to $0.8755, which coincides with the support line. Then British Pound started moving inside pennant and bounced up from support line to $0.8895 point. Also, price broke $0.8865 level, but later started to decline and entered to falling channel again. Inside channel price declined below $0.8785 level to support area and at once backed up to $0.8865 Later British Pound fell to area again, broke $0.8785 level again, and now trades close to it. Maybe price can start to grow and break this level. Next, British pound can make a retest and continue to move up to $0.8835 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Shall CFX go up or down?CFX price action has formed a PENNANT pattern! So what's next? CFX price is facing resistance at 0.4000 level if price break the upper Trendline and 0.4000 level then price may test 0.4500 level and could break to 0.5000 or 0.5500 and if price break downward then we may see price to test 0.2800 level and again starts moving upward cause you can see that on daily time frame I've made two Thick trendlines which shows an uptrend. My Opinion According to my point of view price may break lower trend line and test 0.2800 and starts moving upward Why?? Here's the reasons 1: On daily time volume is decreasing which shows lack of interest and fear! Cuz price has already moved up significantly and a correction is needed to continue the uptrend 2: RSI value is between 60 and 50 So, I think it should fall below 50 3: If price break lower Trendline of pennant then price has legs and rooms to move down 4: 100 MA is also moving towards 0.2800 level another factor which is making it a support level and is ready to be tested 5: According to fib retracement tool 0.2800 level is also falling at 0.618 level of fib which is an important level of this tool Here's my opinion!!!
by Sam786098
Gold is currently testing the neckline of a doublebottom patternOn the 4hr-1day charts we can see gold has broken up from a bull pennant. It is now finding resistance exactly at the top trendline of the yellow channel. This trendline also qualifies as a double bottom neckline. Based on the measured move target of the green bull pennant…price action should break well above the double bottom neckline which makes probability high that the double bottom bullish breakout will also be validated. Here on this current chart I have included both the measured move target for the pennant (green dotted line) as well as a rough estimate for the measured move target of the double bottom pattern (dotted yellow trendline) *not financial advice*
OANDA:XAUUSD
by DrDovetail
Bullish or Bearish BTCOk so first off we need to check our emotions right now, remember there are 2ways this thing can go and you just got to be ready when it does! I have seen everyone and I mean everyone showing this bull flag we’ve got in front of us but thus far I haven’t seen anybody showing this possible reversal diamond pattern it is forming. So does that mean everyone is finally now on the bullish train? We’ve seen what happens in the past if so. Anyhow just keep an open mind and trade safe everyone!
BITFINEX:BTCUSD
by CryptoCainestrades
1
EURO - Price can make correction and then continue to growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Inside falling channel price declined to support area which coincide with $1.0545 support level. As well, price broke $1.0685 level and later bounced from area and tried to back up. After this Euro left channel and a few times traded between resistance level and support area. But when price fell to support line, it made strong upward impulse to $1.0930 point, thereby breaking $1.0685 level. Also, Euro started moving inside pennant and later made fake breakout, but at once bounce back and broke $1.0835 At the moment price trades very close to support line and in my mind, it can make correction below. Then Euro can continue to rise to $1.1070 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
9
DOGE - Forming a bull pennant! Here's a quick look at the 30 min DOGE chart. Following a significant upward movement, the price has entered a phase of consolidation, resulting in the formation of a large bull pennant. A bull pennant is a bullish continuation pattern that typically has a 70% chance of breaking to the upside. Should this bull pennant be breached, it would suggest a continuation of the bullish trend, and as such, it is advisable to monitor this development closely. ------------------------------------------- The idea is: Buy when the price breaks above 0.1022$ and take profits at the levels shown in the chart. Targets: 1. 0.1033$ 2. 0.1048$ 3. 0.1100$ ------------------------------------------- With regards to Altcoins: ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Long
by MBM_Crypto
4
BTC Shorts, Time to shine with shortsBitcoin is one of the crypto assets that has the largest capitalization with a total dominance of more than 45% compared to the market capitalization of other crypto assets. Technically, Bitcoin will decline to its small support area at $27,300 and then make a lower high at $28,000. The decline that will occur this week is predicted to be only 2.65%. It is better to wait for confirmation of purchase at the price of the strongest support at $ 26,000.
INDEX:BTCUSDShort
by Cozybanana78
1
AGIX Short, Artificial Intelligence FOMO has been endSingularityNET is an AI project that uses blockchain to create, share and monetize AI in the marketplace. This project has a very significant impact after the issue of narrative a few months ago about ChatGPT. Everyone is optimistic about Artificial Intelligence including AI projects running on the blockchain. For now, agix tends to experience a potential for continued decline, this is due to FOMO regarding the AI project some time ago. Currently AGIX has formed and has confirmed a bearish penant. For the nearest support target at the price of $ 0.355 with a decrease percentage of 12.93%. It would be nice to wait for the support price.
AShort
by Cozybanana78
1
BNBUSDT - Price can bounce of support line and start to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 When price started trading inside falling channel, it declined to $265.0 point and broke $286.5 support level. Also, Binance Coin started trades inside pennant, but soon exited from it and bounced up to resistance area. Then price made a little correction and continued to rise to $347.5 point, thereby breaking $319.5 level. After this price fell back to area inside falling channel and later broke $319.5 level again. At the moment Binance Coin trades close to support line and maybe price can make correction to it. As well I think price can bounce up to $330.0 level, thereby breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
XAUUSD UPDATE...↪️GOLD is trading in an Uptrend but the price is auctioning in a Bullish pennant chart pattern, which is indicating a sheer volatility contraction ahead of Fed’s preferred inflation tool. Gold bears aren’t off the table as central bankers remain ready for more rate hikes, if needed to tame the inflation woes. Technically, The price is about to retrace back to the support area around the 1960_70 level and the bullish reaction will follow-up. Therefore we are bullish On Gold and we are expecting It to test the 2000 area...Trade safe 👍✅
G
by linofx1
6