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Pennant

RIPPLE - Price can bounce of support line and exit from pennantHi 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 and made upward impulse to resistance area, thereby breaking two resistance levels. Next, Ripple tried to fix in resistance area and continue to grow, but after fake breakout up price bounced and started to decline. Also, price entered to pennant, in which Ripple broke support level and fell to support area again. But recently price bounced up from support area and now trades close support line of pennant. I think Ripple can make correction to this line and then bounce up, break resistance line, and continue to grow to $0.5035 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
4
Euro can exit from penannt and break resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how price bounced up from 1.0790 level and made upward impulse to seller zone, thereby breaking one more resistance level. Later, Euro started to decline, bouncing from seller zone and making strong downward impulse below support area to support line. Also, price entered to pennant, in which Euro continues trade close resistance area now. After this pattern, I think Euro can break current resistance level and then make retest. But also, I think maybe price can don't make retest, after breakout, it can at once continue to grow. For this case, I set my target at the 1.0880 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
14
BITCOIN - Price can bounce of support line 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 bounced down below $26830 level, but soon started to grow inside from rising channel. In channel, BTC broke resistance level again and even made fake breakout, but later started to fall. When Bitcoin fell to support level, thereby exiting from channel, price entered to flat. Then price broke $26830 level and bounced down to next level which coincided with support area. And at once price made upward impulse to resistance line, but soon fell back, and now trades close support line in pennant. In my mind Bitcoin can make correction to support line and then bounce up to $26415, thereby exiting of pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
20
OPHR.CA: Bullish Pennant, not confirmer (75.84%)Bullish pennant for OPHR on TSX. Not confirmed yet. Gold company, mining industry. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 but barely 3- R/R ratio above 5 4- 250RSI above 50 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in blue 8- Post formed with volume 9- Descending volume during pennant forming Cons: 1- Figure is not confirmed 2- No break out yet 3- ATR flat If confirmed, target price is 0,73$ Again, stay humble, have fun, make money! MAAX!
TSXV:OPHRLong
by LeLaf
RML.CA: Bullish pennant, not confirmed (88%)Bullish pennant for RML on TSX. Not confirmed yet. Mining industry has been on an uptrend for some time now. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 and climbing 3- R/R ratio above 5 4- 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in may 2023 8- ATR climbing, more volatility 9- Post formed with volume 10- Descending volume during pennant forming Cons: 1- Figure is not confirmed 2- No break out yet 3- 250RSI No data yet. Young stock. If confirmed, target price is 0,34$ Again, stay humble, have fun, make money! MAAX!
TSXV:RMLLong
by LeLaf
2
NILI.CA: Bullish Pennant, not confirmed (78%)Bullish pennant for NILI on TSX. Not confirmed yet but metal for batteries is a hot topic right now. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 and climbing 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in blue 8- ATR climbing 9- Post formed with volume 10- Descending volume during pennant forming Cons: 1- Figure is not confirmed 2- No break out yet Target price is 1,13$ Again, stay humble, have fun, make money! MAAX!
TSXV:NILILong
by LeLaf
EURO - Price can make correction and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Bounced up from support area, price start to rise close support line and reached $1.1095 point. Also, Euro entered to pennant, but price started to decline and soon fell to area, thereby exiting from pennant. Later price broke support level and fell to support line, close to which Euro started to decline. Price even made fake breakout, but soon continue to fall and a few time later Euro declined below $1.0710 level. But recently Euro entered to rising channel and rose higher of this level. Now price continues to trade inside channel and in my mind, Euro can make a little correction and then bounce up to $1.0830 point. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
18
RIPPLE - Price can break resistance level and make retestHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A few days ago price trades close suppot area $0.4190 - $0.4135 and later bounced up to resistance level. Also, Ripple entered to pennant, where it broke resistance level and then made correction to this level. Later price bounced up from support level and entered to rising channel. In channel, price broke next level and even make fake breakout, but at once fell and continue to grow inside channel. After channel, price started trading in triangle, where it reached $0.5400 point and made downward impulse below support level. At the moment Ripple trades close to this level and possibly price can break it, make retest, and continue to grow to $0.5170 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
RUM - Two Technical Patterns Warrant AttentionLarger Pattern - Triangle and Upside Risk NASDAQ:RUM In the making now for 5-6 months. Projects to ~$14.50 on a bullish resolution but would need to give it up to 6 months to achieve that level. Assuming this target is achieved then the overall downtrend line originating from the all-time high becomes the next technical target which is above $15 and declining at the current time. Smaller Pattern - Pennant and Upside Risk In the making for approximately a month. Projects to ~$11.80 on bullish resolution in 3 - 5 weeks. Confirmation Look for a close and a sustained move above $10.30 on higher volume. This area represents the upper resistance for essentially both patterns at roughly this point in time and a move above this area would represent a bullish resolution to both patterns. Targets noted assume bullish resolution in the short-term. Downside Risk Failure of smaller pattern points to the lower trendline of the larger pattern. Failure of the smaller pattern can also indicate an enlargement of the pennant but would arguably weaken the potential. At prima facie a break below the pennant would be bearish. Below that look for support areas indicated. Failure of the smaller pattern would reduce the bullishness overall but could have the larger pattern remain in play as a potential.
NASDAQ:RUM
by Mr_Anderson_007
1
Gold pennant potentialTrade Idea: Buying Gold Reasoning: • Weekly – Potentially forming a Morning Doji Formation (Bullish) • Daily – Bullish engulfing candle yesterday (Bullish) • 4hr - Price action above downward trend resistance and Ichimoku cloud (Bullish) • 1hr – Forming Bullish Pennant (Bullish) Entry Level: 1964.745 Take Profit Level: 1983.725 Stop Loss: 1959.139 Risk/Reward: 3.39:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAUUSDLong
by Signal_Centre
1
GBPUSD - Price can bounce from resistance line and start to fallHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 When price broke support level and area, it declined to $1.2465 point and then bounced up to area. Next British Pound continued to decline inside from falling channel, where it broke $1.2395 level and fell to support line. But at once, price bounced up, made strong upward impulse to resistance area, thereby leaving channel and breaking $1.2395 level again. Also, British Pound entered into pennant, in which firstly price fell to support line, but recently backed up. At the moment price trades close resistance line and maybe it can bounce down from this line. After this British Pound can start to decline to $1.2385 support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
BITCOIN - After exiting from pennant, price can continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 After price bounced down from resistance area, it entered to flat, where BTC declined below support level. Later, price tried to back up, but failed and made strong downward impulse to support line, thereby exiting from flat. Then BTC started to rise near support line and a few times later bounced up higher of resistance area and level. Next, price made correction to area bounced up, and entered to pennant, where it fell below support level. But recently, price bounced up of support line, exited from pennant, and now trades close support line. In my mind, Bitcoin can bounce up of support line and start to grow to $27760 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
19