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Bullish Pennant

this looks goodOK, for starting I've to say that if BTC keeps going down this pattern will be easily invalidated, current crypto situation is pretty unclear but with a bearish tendency so... set a stop loss!!! However BNB is gradually splitting from BTC, so it tends to be less affected. Off course it's not immune from BTC dumps but I think that in the future it will take over ETH and will rival with BTC. If this happens it will be a good for cryptomarket, we need more "big" coins in order to stabilize the market and depowering BTC. About the TA: looks like a bullish pennant is forming on BNB, use yellow dashed line as support and calibrate the stop loss accordingly. I think there isn't much to say about this pattern, it speaks for itself. Good luck!
Long
by Shotokhan
$RIOT Target PTs 61-65-79 and higherBullish Pennant, continuation patterns Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado.
NASDAQ:RIOTLong
by BADQOMOCAWGOWLD
1
perfect entry pointSo, although indicators are not very promising on this, you can see as ALPHA bounced on 0.618 and now it's heading up. The chart pattern is a bullish one during a bull market = it's matter of time before it pumps. If daily candlestick close as a hanging man I expect price to test again 0.5 and pennant's bottom but eventually it'd go up. If you have not much time to stare at the chart right now just buy in and wait settling a stop loss calibrated on my risk/reward scheme. Another possibility is to set a buy order between current price and support. If instead you can spend time in front of the monitor just wait and try to catch the bottom, I think it'll be a small retracement anyway, less than 5% if I had to bet. If I had fiat I'd enter this... unfortunately I've all invested right now
Long
by Shotokhan
EOS/USDT : Breakout on low TF BINANCE:EOSUSDT Hello everyone 😃 EOS had a breakout from bullish pennant and now it's taking hold above it. Volatility is being bullish and now it's going having a bullish crossover.. Also on higher timeframes it's going to have a bullish crossover ! 📌We expect a retest on pennant's higher line and then we might see the continuation of EOS's growth. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
17
TRX/USDT Bullish Pennant or Symmetric Triangle Breakout?TRX breakout the bullish Pennant or Symmetric Triangle in the 2h chart. Retest and confirmation is very important for new entries. I will target 0.382 fib extension level (0.14660) in the first stage. RSI supports the breakout. Also price is still above the ascending triangle which I posted yesterday. All parameters make me so bullish. If you agree or disagree, please leave comments :) . Have a good day with huge profits. Not a financial advice.
Long
by bsbatu
4
Bullish Pennant for TNY?On a long-term chart for TNY, it appears as though the price has formed a bullish pennant pattern in blue. The RSI is displaying a bullish flag. A bearish cross has occurred on the DMI where I've placed the red downward pointing finger. The price has noticeably broken the red downward sloping resistance of a Macro descending channel and upon back-testing has acted as support as of this moment, inherently bullish. If the blue upward sloping support of the bullish pennant is lost ideally I'd like to see bullish buy pressure at the old red resistance of the downward sloping channel, it should act as support again if there's going to be a convincing shift from bearish to bullish sentiment.
CSE:TNYLong
by ScotianBot
btc is either breaking out of the ascending triangle or. . .btc is either breaking out of the ascending triangle or just going up to test the top trendline of the potential rising wedge we are in. Of course it could also be doing both...even though the breakout target of the ascending triangle is in the 72ks we could wait to reach that zone until where the top trendline of the rising wedge converges with the grey horizontal hyphenated line. This would be a slow grind up and take a lot of people off guard if it did cause a strong rejection from the top trendline of the rising wedge after mosts only saw the ascending triangle. However this ascending triangle is actually part of a larger pennant so probability favors that we do break above the top trendline of this wedge. We won't know for sure until price action tests it a few times I'm guessing. for now probabilities lean toward the bullish outcome after all the trend is your friend until the end. *Not financial advice* :
COINBASE:BTCUSDLong
by DrDovetail
potential 4hr chart ascending triangle bull pennant. Target 1.544hr chart bullflags will get nullified way more often than ones on the 1 day time frame or bigger...however considering we will likely trigger the larger timeframe inv h&s pattern that had a target of $1.48 I could see this 4 hr chart pattern playing out rather well despite the higher percentage of fakeouts or nullified bull pennants we find on the smaller time frames. Of course either outcome is possible until we confirm a break one way or the other but probability currently favors the bullish outcome. *not financial advice*
KRAKEN:XRPUSDLong
by DrDovetail
ENJ/USDT bullish movement is far from over!Hi every one ENJIN COIN / TETHERUS You might think that ENJ/USDT growth is too much or it's enough but I have to say you are wrong! The price is in a bullish pennant but the break out has not happened yet and there is also Hidden bullish divergences (+HD) on both MACD and RSI indicators which makes the bullish movement more likely to happen. after the break out the price can increase as much as the flag pole. The next strong resistance for ENJ is around 4.5$ Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
43
COMP/BTC LongCOMP/BTC is one of the more undervalued DeFi Bluechips: As the governance token for a well executed lending and borrowing platform with a TVL of ~$9.42B, a market cap of only ~$2.35B is not a worthy valuation for what this protocol offers. Coupled with the fundamentals. the COMP technicals look primed for expansion upward. The Madrid Moving Average Ribbon has twisted green which is an early indicator of trend change, signaling that a new uptrend will be starting. Price has broken out of a bull pennant and retested the top diagonal as support ready to make a move up to the long term diagonal down trend line (orange) and once price confirms and S/R flip there, we should see forceful price movement potentially to the 0.618 fib retracement line around .019708
Long
by Hrempe
AVAX/USDT is about to do an awesome movementHi every one AVAX/USDT AVAX/USDT is in a bullish flag the upward break out can happen in a few days there is also a Hidden bullish divergence (+HD) on RSI as well which strengthen the expected bullish movement which is as much as the flag pole Length! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
33