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Pennant

MATIC returning to equilibrium would be a 128% gain from here!MATIC is looking extremely undervalued at current levels. The price has pulled back considerably since the "Trump election pump" and is forming a nice wedge on the 4-hour chart, which is currently on a four-count. A price move back to equilibrium from the wedge's bottom trendline would, by itself, result in approximately a 128% gain. Longer term, if the price breaks out of the monthly chart wedge pattern (see comments below for the chart), which is also currently trading at a four-count, we could see some incredible price appreciation over the next 6 to 9 months. Good luck, and always use a stop-loss!
CRYPTO:MATICUSDLong
by MetaShackle
3
Is SGX Iron Ore Poised for Another Leg Higher?After rallying from the January 7 swing low, iron ore has spent the past week consolidating, forming what looks like a bullish pennant. While price action above the 200-day moving average has been shaky over the past year, traders should watch for a potential topside break in thin Lunar New Year conditions. A break and close above $105.35 could open the door to $107.30, the December 10 swing high. Clearing that may put $108 in focus, with a move beyond strengthening the case for a run towards $114 resistance. RSI (14) has diverged slightly from price, but the bearish signal is offset by the continued uptrend in MACD. Good luck! DS
SGX:FEF2!Long
by FOREXcom
Bitcoin will break support level and continue to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few moments ago rebounded from the support line, which coincided with the support level with the buyer zone and rose to the resistance line. After this, BTC rebounded from this line and dropped back to the support line, breaking the 93400 level, and soon rebounded up, breaking this level one more time. Later BTC rose to the resistance line and then fell to 90850 points, after which made a strong impulse up, breaking the 93400 level with the resistance line too. Then price continued to move up inside Pennant, where it broke the 102700 current support level, made a retest, and then tried to grow more, but failed and made correction below the 102700 level. After this movement, BTC turned back and rose to 109600 points (new ATH) and then made a correction movement one more time. Price fell to the support line of the pennant and then in a short time rose to the resistance line and recently it fell and exited from the pennant. In my opinion, the price can fall to the current support level, break it, and then continue to decline, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
Update on COPPER Futures: Bull PennantI posted an idea on HG1! COMEX:HG1! last year where I identified a channel that futures were trading in and made a plan to trade the copper index fund AMEX:CPER while it was in the channel and trade the Copper miners ETF AMEX:COPX when it broke out to capture asset appreciation as well as dividends. I got long last March in COPX and have been holding. Price has retracted back to the top of the channel and has formed a Bullish Pennant. I have been adding shares as we reached these prior support levels but now I am increasing my position in expectation of this next breakout.
COMEX:HG1!Long
by Notbadchad
Could Cardano Bulls Push Past Pennant To $2 Resistance?!Cardano made an impressive 315% gain from the Low on Nov. 4th/5th @ .32 to the High on Dec. 3rd @ $1.32 following the Pro-Crypto Republican won Presidential Debate with not only BINANCE:ADAUSD seeing this kind of Rally but across the entire Crypto Market! Since that High, Price on Cardano has slipped into a Consolidation of what seems to be a Pennant Pattern with Lower Highs working into Higher Lows. Both Legs of this Triangle still need a 3rd Touch to Validate the Integrity and Existence of both Trend-lines. I would like to see Price make a 3rd Touch of the Rising Support around the ( .95 - .93 ) Range before moving back up to test the Falling Resistance. If Bulls are able to gain enough Support from the Rising Support, it could be enough to give them momentum to make a Bullish Break to the Falling Resistance and based from the Pattern Statistics: - Generate an Extension of the same size of Trend move that came prior to the formation of the Pattern called the "Flagpole" putting the Potential Extension of Price into the $2 Resistance Zone! **Caution: Triangle Patterns are known to fail 1/3 of the time so a Bearish Breakdown of this pattern is still possible. Watch for False Breaks/Breakouts!
COINBASE:ADAUSDLong
by Novi_Fibonacci
1
BITCOIN - Price can continue to move up inside wedge patternHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago, the price declined to support level, after which at once bounced up to resistance area. Then BTC started to decline inside pennant, where it quickly declined from resistance area to support area. After this, price bounced from the pennant's support line, broke the $94200 level, and exited from the pennant pattern. Next, price rose to $102700 points and made a correction move to $90800 points, after which started to grow in wedge. In wedge, BTC rose to $106500 level and even rose higher, reaching a new ATH and then fell back. Now I expect that Bitcoin can correct to support line of wedge and then rise to $112K, 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
POLYX Buy Signal Given!Trading Fam, It’s been a bit slow recently so I thought I’d throw out a free alert just to keep you all in the game. We’re getting close to another run here soon. I know, it feels like I have been saying this for weeks. I have. Trading often involves extreme patience. In our case above, POLYX has given us not one but two green dots from my Dots and Blocks indicator inside the liquidity block. This gives me a special confidence that this coin is going to run soon. I would target that double-top at .435, take some off, and let the rest ride. Best of luck. Hey, if you do enter this trade and make some cash, be sure to come back here and let me know in the comments. I love it when my followers find profits. ✌️Stew
Long
by stewdamus
3
HelenP. I Bitcoin can correct to support level and start to growHi folks today I'm prepared for you Bitcoin analytics. In this chart, the price declined to the trend line and then rebounded and started to grow inside the pennant, where it soon reached the support level. After this movement, the price broke this level, which coincided with the support zone and made a retest, after which continued to move up to the resistance level, which coincided with the resistance zone. Then BTC made the small correction, after which in a short time, it rose to the resistance zone and then made a correction movement to the 99500 support level. Next, the price made a strong impulse up to 109560 points (NEW ATH), breaking the resistance level, but soon turned around and dropped back to the trend line. Price some time traded near the trend line and then rose to the resistance zone, after which turned around and started to decline. In a short time, BTC fell to the trend line, broke it, thereby exiting from the pennant pattern also, and then continued to fall. At the moment, the price continues to decline and I expect that BTCUSDT will decline to the support level and then start to grow to the resistance level. For this level, I set my goal at 105800 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
14
Euro will exit from pennant pattern and rise to 1.0400 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time traded inside the range, where it declined to the resistance level, which coincided with the seller zone, and then dropped to the support line, breaking the 1.0460 level. Then price turned around and started to grow near the support line until it reached the resistance level, after which it turned around making an impulse down, breaking the support line, and entering to buyer zone. After this movement, the Euro bounced from the buyer zone and started to grow to the resistance level, but when the price almost rose to this level, it turned around and started to decline inside the pennant pattern. In the pennant, Euro declined to the support line, breaking the support level, after which rebounded and quickly rose to the resistance line of this pattern, breaking the support level one more time. And now, the price continues to trades near this line, so, for this case, I think that the Euro can correct to support line of pennant. Then it will start to grow and even can exit from the pennant, after which continue to move up next. Therefore I set my TP at 1.0400 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
ALGO looks to be setting up nicely for another spectacular move.Algorand is setting up nicely within the bull flag pattern it's currently trading in. Compared to many other coveted cryptos, ALGO's gains have been very reserved compared to its structure (maximum supply). I do believe that we are going to see ALGO outperform on the next leg, as it has some catching up to do, especially when compared to what it has done in past bull run cycles. Good luck, and always use a stop loss!
CRYPTO:ALGOUSDLong
by MetaShackle
2
TOTAL3 - ALT SEASON - Bull Swing CRYPTOCAP:TOTAL3 is ready for the Alt Season. #Altcoins will be rockin' the boat in '25. CRYPTOCAP:BTC.D is running out of steam, thus opening the door for #AltSeason to start. The correction on MARKETSCOM:BITCOIN Dominance is the key to #Alts to shine. 1.13T MC has been touched, previous #ATH. Now CRYPTOCAP:TOTAL3 is in a Wave 4 (#ElliottWave Triangle), with Wave 5 of the Larger Degree C Wave about to shoot. Targets between the #Fibonacci Extensions 200-261.8%. That's the 1.5T to 1.8T range.
CRYPTOCAP:TOTAL3Long
by EW4X
Just a little further Bearish pennant on the 15m goes hand in hand with the c wave on the 15 that xrp has been following all day. Expecting 2.80, potentially 2.40s butttttt I truly hope not because then things could get even worse. But staying positive, we see $2.80 then buckle up to $3.65, $4.10, and beyond 🚀 I'll be taking profits again all the way from $3 and down. Trade active from $3.26, last took profit at $3.16. Not financial advice do your own research. Be patient. We are making history!
by canadiandefi_diva
Bitcoin can enter to seller zone and then start to declineHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price some time traded near the support level, which coincided with the buyer zone and then rebounded up, after which it started to trades inside the pennant. In pennant, price at once rebounded from the resistance line and dropped to the support line, but soon BTC turned around and made impulse up. Price rose back, after which made a correction to the buyer zone and then continued to grow. Later, BTC reached the resistance line of the pennant, breaking it, exiting from the pennant pattern, and soon breaking the resistance level, which coincided with the seller zone. Next, the price reached new ATH (108K) and then made impulse down inside the wedge, to support line, breaking the 96500 level. But soon, the price turned around and bounced up, so, after this BTC some time traded between support level until it later dropped to the support line of the wedge again and then started to grow. Bitcoin rose to the resistance line of the wedge, breaking the 96500 level, and then corrected the support line of the wedge, where it made a strong impulse up to the resistance level, thereby exiting from the wedge pattern. Now, I think that price can enter to seller zone and then start to decline. For this case, I set my TP at 101K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
4x Triangle breakout on Golds rising tide Bullish chart Looks like multi year triangle break out my guess is upside It could break out and stop at a fib target so guess round number is 80 at fib =1 I am tracking about 22% increase from here to gold base metal target so this is 4x of that move which seems a lot can it do that in 2025 or will we need a bit longer. I don't know, lets wait and see its a multi year chart so muli year target Equites look over valued generally so this may be a safe haven in any bear market because it holds many tonnes of gold as per 1929-1935 when in relative terms you had price increase with dividends over 25x in bear or 50x to '35 or 74x incld divi by holding the gold mining stock at the time, plus FDR revalued the gold price. Logic is still the same it will be a bumpy ride as gold is sold to pay margin calls but overall there is a lot of money which will need to be parked. As fund mngrs see gold as a value stock because relatively to the equity index's its not going down as much. Gold in triangle breakout CRB in triangle breakout (Commodities Index) other Gold related mining stocks look very bullish too so confirmation across multiple shares and base metal index plus commodities index too Good luck to all and wishing you a mighty fine day! If later when you read this and its obvious by then we are in a bear and you dont know what to do this is a safe play for value fund mangers Yes they will sell gold to meet margin payments at first then they will start to hold Gold relatively and this company has a lot of gold in the ground which should act as a store of value. So its going to be a bumpy ride With multi year charts its hard to pinpoint breaks and get the timing right but the idea should be solid enough. A good pension play during difficult times. You may even get over performance and it shoots up to round number 100 ? too early to tell Also there are very long 100 yr / 40 year charts showing gold made a break out. Silver is also a play. This is a well known name, you need to check if they have hedged the price of gold, but the chart says triangle so break out up or down, we take the upside bullish breakout.
NYSE:GOLDLong
by William_Playfair
100% to ATH & huge flag and Tri target for over performanceBullish chart 100% on the table I am tracking about 22% increase from here to gold base metal target so this is 5x of that move which seems a lot can it do that in 2025 or will we need a bit longer. I dont know, lets wait and see its a multi year chart so muli year target Equites look over valued generally so this may be a safe haven in any bear market because it holds many tonnes of gold as per 1929-1935 when in relative terms you had price increase with dividends over 25x in bear or 50x to '35 or 74x incld divi by holding the gold mining stock at the time, plus FDR revalued the gold price. Logic is still the same it will be a bumpy ride as gold is sold to pay margin calls but overall there is a lot of money which will need to be parked. As fund mngrs see gold as a value stock because relatively to the equity index's its not going down as much. 100% back to ATH higher flag target higher triangle target Gold in triangle breakout CRB in triangle breakout (Commodities Index)
NYSE:NEMLong
by William_Playfair
Constellation Network DAG Token - BREAKOUTSUsing traditional technical analysis, I've identified breakouts of a major multi-year consolidation, accumulation cylinder, and recent bull flag. All time highs should be achieved on hype once the US decides to list this token on exchanges, or if it is revealed by a major figurehead that the USAF and DoD are using this network to validate sensitive data. The 200 week SMA is a target that needs to hold as support, around 0.083. Elliot Waves - I believe a primary third wave began around 0.02 around Q4 2024 and that we're in an intermediate wave 3, or finishing corrective intermediate wave 2. I'm targeting 0.45 for this current wave structure, and also targeting on or around March 20th for a peak in euphoria.
CRYPTO:DAGUSDLong
by triplej333