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Pennantpattern

#C98, #Coin98 and its nice looking pennant!A quick look at Coin98 (#C98USDT, 4HR and 15m, Binance): According to CoinMarketCap, "Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming." The project was launched on Binance's Launchpad and opened for trading on July 25. I have been quite satisfied trading this coin so far. Today, it surprised me with a very nice pump! Main Points Price broke the upper resistance of the wedge supported by the third largest volume candle since launch. Admittedly, I was waiting for a breakout, but not so strong. Price eventually reached a peak at $1.85. Price action is now forming a pennant ranging between $1.72 and $1.60. Closest support levels are at $1.60, $1.51, and $1.45. The last two coincide with Fibonacci levels 0.5 and 0.618 respectively. Strategy If price breaks above the pennant, look for: TP1: $1.85 TP2: $2.10 SL: n/a(*) If you want to read more about Coin98 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! (*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
Long
by BitfulMind
4
AXSUSDT is creating a daily pennant 🦐AXSUSDT is creating a daily pennant after the price bounced on the 0.382 Fibonacci level. IF the price is going to have a breakout, According 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.
Long
by InkyGrip
40
Yearn Finance pennant pattern... A pennant pattern often indicates a strong rally in price 📈. It begins with a strong uptrend which is identified as the flagpole. Afterwards it pulls back into a sort of sideways trend in which the resistance and/or support are not parallel to each other and form a triangle. When the candlesticks reach the tip of the triangle, a strong uptrend ensues 💪. You can see this happen with Yearn Finance (the flagpole is marked in yellow) (support and resistance marked in blue). This is definitely one to watch! DISCLAIMER: *this is not financial advice, do your own research and due diligence all that stuff* lol Have a good day!
COINBASE:YFIUSD
by mrthermostat
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