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Pennantbreakout

BTCUSDT is creating an important triangle 🦐BTCUSDT is creating an important triangle between the weekly structures. The structure is like a bearish pennant, but IF the price will have a breakout from weekly resistance, we can see a retest on 44k, otherwise, if the price will lose the weekly support, we can see a retest on the next weekly support, around 20k. The best way is to wait for the next move. Bearish pennant Bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend, offering you an opportunity to go short. They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. The downtrend then continues with another similar-sized fall in price. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.ording to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
6
COIN bearish pennant breakoutI am usually not much of one to talk about stocks as much as cryptocurrencies (as my username indicates), although I feel like it would be an injustice not to mention the current breakout of a bearish pennant for coinbase. It started to form a wedge yesterday, but looks like it has broken downward today. As with most IPOs it is often tricky to determine trends immediately, but it looks like COIN is perhaps starting off heading downward first. As to whether BTC's current downtrend will have any effect on COIN or vice-versa should be interesting to keep an eye on, as the correlation might begin to show itself over the next few weeks/months.
NASDAQ:COINShort
by crypto_trends
#LTC, #Litecoin price after the pennant?A quick look at #Litecoin (#LTCUSDT, 4HR, #Binance): Price broke the upper resistance of the pennant pattern on April 5. After reaching T1, it stopped at $297 on its way to T2. Price is now retracing to S1, where it might bounce back. If not, next supports are S2 and S3. What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. Thank you and Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
by BitfulMind
4
#TWT, #TrustWalletToken UpdateA quick look at #TrustWalletToken (#TWTUSDT, #Binance, 4HR): Price broke the upper resistance of the pennant pattern on April 4 with a nice volume spike. Since then, we missed TP1 by a $0,01 and lost support at the $0,80 level. Currently, we are testing support at $0.74. If it manages to hold and push higher through resistance, we could see #TWT resume its path towards T1. If not, price might go back down and try to rebound from the EMA200, or in the $0.65-$0.62 range. To read more about TWT on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
by BitfulMind
#DOT, #Polkadot Breakout?A quick look at #Polkadot (#DOTUSDT, #Binance, 4HR): Price broke the upper resistance of the pennant pattern earlier today, April 17, hitting its ATH at $48.36. Since then, the 1HR chart shows what to me seems to be a confirmation. I opened a position at $44.63. If DOT manages to flip R1 into support, we can try to reach TP1. If it does not hold, price might go back down to S1 or to the EMA200/S2. If you want to read more about Polkadot on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
Long
by BitfulMind
$SGLB entry PT 3.57 Target PTs 9-15-24-80 and higherSigma Labs, Inc., a software company, provides in-process quality assurance software to the additive manufacturing industry under the PrintRite3D brand. It also offers PrintRite3D Lite, which has a smaller footprint and is geared towards single-laser machines for research and development, or small production lots; PrintRite3D Pro, for single, dual and quad laser machines and for environments with less than 10 machines; PrintRite3D Enterprise for plant-wide networks; and PrintRite3D for Direct Energy Deposition is based on a laser process in which a laser beam generates a melt pool on a substrate. The company also provides PrintRite3D-enabled engineering consulting services. It serves aerospace, defense, oil and gas, bio-medical, and power generation industries. The company was formerly known as Framewaves Inc. and changed its name to Sigma Labs, Inc. in September 2010. Sigma Labs, Inc. was incorporated in 1985 and is headquartered in Santa Fe, New Mexico.
SLong
by UnknownUnicorn19246015