xrp buys are inAs you can see based on the chart, xrp has broken out of its pennant and the downfall we have seen since our pump last night to .518 was just coming down to confirm breakout of downtrend line. As long as xrp can hold our bottom trend line, this sleeping beast should make its way upwards to new highs in comparison to this chart.
Bullish Pennant
HAPPIESTMINDS - Bull Pennant Pattern breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic, Entry range, SL and Targets are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
TAKE SOLUTIONS - Bull Pennant Breakout - Swing TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
Logic, Entry, SL and Targets are clearly explained in the main image itself. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Another image explaining the same analysis is linked herewith -
I have analyzed the same stock few months ago as well. Do check that out. It is available in the linked ideas.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NZDCHF - LongBullish pennant forming on NZDCHF.
NZDCHF has been in a bullish trend for a few weeks.
I am looking to hop on this trend following a breakout and retest of resistance of the pennant.
For additional confirmation of continued bullish movement, I will look for confluence among the indicators too.
AUDCHF - LongBullish pennant forming on AUDCHF.
Looking for a price to break above resistance of the pennant before seeing a restest of resistance and then continued bullish movement.
AUDCHF has been in an uptrend for a number of weeks, so I am looking to join in on this trend rather than going against it.
I will look for confluence with the indicators to increase the probability of the trade.
XEM/USD LongXEM/USD is ready for expansion upwards
The Symbol $XYM airdrop/snapshot is happening this
week, meaning that if you hold at least 100 XEM
and opt in to receive the airdrop you will be
airdropped XYM at a 1:1 ratio with the amount of
XEM you hold.
This means if you hold 100 XEM your wallet
post-airdrop will have 100 XEM and 100 XYM.
This is a fundamental catalyst for the price to move
upwards plus XYM has a mainnet launch March 15
which usually leads to price expansion for the
token for the blockchain's mainnet
so people will be quite incentivized to have a
stack of XEM pre-catalyst.
The airdrop coupled with the bullish TA this chart
has printed makes this coin attractive:
Ichimoku is bullish as can be:
-Kumo cloud is green
-Tenkan is above Kijun
-TK is above green Kumo
-Tenkan acting as support
-Lagging span is above price
-No C Clamps forming calling for a correction
MA30 well above EMA100
4H chart:
-Orange resistance line flipped and confirmed as
support
-Bull pennant printed, creating a breakout target of
$1.16855127
BTC pair:
-4H bull pennant in the making
-1D chart S/R flip of a multiple year resistance is
5 hours from being confirmed
-1W chart confirmed crossed over the 1/1 Gann
Fan line ensuring this coin's bull run has just
started
Fib retracement puts our first target needed to
be S/R flipped at the .382 zone
@$.82283208
Soon after that the .5 fib area should be hit
@$1.07008417
Then price will be headed toward our bull
pennant target near the snapshot/mainnet
launch dates.
Descending Triangle for BTC?!?!Or, potentially this pattern plays out bullishly, there's been a bullish cross on the KST, and whales like to negate patterns frequently with fake-outs in either direction before defining a shift in momentum.
The RSI is forming what could be considered a bullish pennant pattern, recently there's been a series of higher lows, but on the contrary, there have been a series of lower highs for nearly a week coinciding with Bitcoin's ATH's in price.
On the KST there's been a bullish cross where I have placed the blue downward-sloping finger.
FRONT/USDT LongFRONT/USDT looks to be leaving a bull pennant that
has been forming for a bit over a week.
Price has dipped in to the blue accumulation zone.
If/when it leaves that zone to the upside and confirms
the bull pennant breakout,
this could be a fruitful play with a pennant
long term target at
$10.26
with resistance stops that are necessary to
flip along the way at the Fib retracement lines
in order to add conviction that this target can be
reached.
It is also necessary to flip the MA30, EMA100 and
EMA200 in order to consider this hefty target
elsewise this bullish argument is moot.
Frontier Wallet is a one stop shop project
aiming to increase convenience in the DeFi world
allowing for quicker more fluid personal transactions
by giving you the ability to manage your own
addresses and stake, exchange or swap assets
all in one place.
4 potential targets for btcusd breakout target1 already hit. If the rising bull pennant is indeed the dominant pattern we could go as high as 60k here. It seems yet again during this bull run price action is breaking up from a rising wedge which is normally bearish under any other non parabolic circumstances. *not financial advice*
NEO into a bullish pennantI had bags of NEO since 2018, now I'm +15%... bull market is great! This is a bullish pennant, if it doesn't have enough volume to break out now it'll go back to 41USDT and then try to break out upwards in another leg.
Keep stop loss below the pennant support and at least -6%
Big bullish pennant with PT at $43Lot of compression and hype on this stock. We could see an explosion in volume and price in the next few days.
Don't forget that our opinions could be biased by our experiences and feelings. Manage properly your risk. Not a financial advice.
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REN/USD LongREN here looks primed for a move upward
especially if some volume comes in to add
confluence
-A running flat (3 3 5) has been formed here
-The MA100 is well below the EMA30 which is
temporarily acting as support creating more
bullish confluence.
-If the gold line keeps holds as support and the
bull pennant (gray) breaks out the top diagonal
we should see a move toward $1.50 at least
Ren Protocol provides interoperability between
different blockchain platforms.
REN is fundamentally sound and is
Decentralized Finance (DeFi) so will be getting
a lot of attention this coming year and long term
will likely be a good investment as well as being a
solid short term swing.
ROKU PennantROKU is consolidating right on the 20EMA in a nice bull flag. Technicals look good, could be a good day trade tomorrow as a run up into earnings if we see a nice gap upwards. However, ROKU is still unbelievably overvalued so some news from the earnings could bring the stock down closer to its fair value.
Bullish Pennant on NZD/USD @ W1This chart shows a bullish pennant on the weekly chart of NZD/USD. It offers a bullish breakout opportunity for trading. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.