Bullish Pennant
BTC BREAKOUT OF BULLISH PENNANT... AGAIN!Yet ANOTHER breakout of a bullish pennant on BTC! If this breakout is indeed true and not false, I believe this move will propel us to $50,000+.
Strap in y'all, best of luck.
btc in a 1 hr falling bull pennantBeing that we are still in the thick of the bull market, probability favors this eventually breaking up....if it breaks up where I have marked the dotted green line then the target listed here will be the measured move...however the outcome of breaking upward might be so obvious that the opposite happens instead so we must always wait for a confirmed breakout or breakdown either way. Probability favors the upward break but that is by no means financial advice of any kind. Also important to remember on a small time frame chaert like the 1hr timeframe patterns get invalidated all the time even in as roaring a bull market as this so a breakdown is still very much possibility. My guess is however that the ascending red trendline will maintain support.
Bullish Pennant Forming on the 4HRBTC appears to be forming the beginning of a small bullish pennant on both the 1 Hour chart and the 4 Hour chart, a key indicator that if this breaks above the top of this pennant, a bullish continuation will most likely occur. We still have a lot of potential for growth, however, a major retracement is still possible, so trade carefully and keep capital preservation in mind. We are in some very crucial times for BTC I believe, where it is definitely possible to still retrace back down to $30,000 (very abruptly) before rallying up to $50,000+
My first target still remains at around $66,000 based on the fib extension marked in the chart.
Best of luck to you all!
$ENJ/USDT 6h (Binance Futures) Bullish pennant near breakoutEnjin Coin is looking ready for bullish continuation here.
Current Price= 0.39764
Buy Entry= 0.39764 - 0.37464
Take Profit= 0.44894 | 0.55941 | 0.65421
Stop Loss= 0.33499
Risk/Reward= 1:1.25 | 1:3.43 | 1:5.3
Expected Profit= +16.41% | +26.045.061% | +36.69%
Possible Loss= -13.13%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 480h
BTC Bullish Pennant formed on the 1 hour! Next leg up to 50k?What's up guys, been away over seas I am back! I see a lot of fire going on lately with stocks and Crypto!
Bitcoin is SUPER Bullish and I believe this pennant is setting up for a major break out to 50k+!!! Or it can correct down a little more and than go back up! Its hard to tell.
Lets play it out! Deffinitely fireworking next few days coming!
PG 8/21 EMA cross8 EMA crossed the 21 multiple times in the past week. If the 50 comes below the 8/21 I think we can expect a full bull play from the pennant forming.
Bullish on SLV, Max Long to 50aside from the fake reddit breakout, every indication is showing SLV primed for a launch
Big move incoming for Matic - 0.1$ nextMatic has been doing well for the past few days. If it breaks out from the pennant, we should expect 0.1$ next.
Sky is the limit if this breaks out. In my opinion, Matic still got a long way to go - Gains are not done yet from this one. Matic is a coin that is known for its explosiveness, and the crash that comes with it. But that's all hype, and we will let the time decide. Trade this safe.
Everything is bullish atm... So no surprise if this breaks out. In these market conditions, one can buy even before the breakout, but that is not recommended due to the risk that follows. Buy at own your own will.
Breakout from Bullish PennantCNET looks to be breaking out of its pennant. Still somewhat new to charting, so no projection on where the breakout will end.
IIFL - Breakout from Bullish Pennant - 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
As can be seen in the image, price was facing resistance from 94-100 zone. It gave breakout from that range with huge volume. Thereafter the price started consolidating in a narrow range which is getting narrower everyday, with bullish bias.
Now the price has given clear breakout from Bull Pennant Pattern with good volume confirmation.
Entry can be made above the high of breakout candle. 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 queries regarding the above stock or price action analysis in general.
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.
1INCH to Breakout Very Soon 🚀1INCH Consolidation within a bullflag pennant almost complete, potential targets on breakout are as follows:
🎯 $5.50
🎯 $7.00
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UPDATE: SECOND BREAKOUT ON BTC! But is it fake or true this timeLast time I posted on BTC, Elon Musk put BTC in his bio, causing a spike of around 10%, breaking through the bullish pennant BTC was sitting in. Soon after, BTC retraced back within the bullish pennant, indicating a false breakout. Now we're back above the pennant for a new breakout and it appears we have formed a large inverted H&S as well, the only question is: Will BTC test the resistance line of the pennant and then continue it's bullish trend to higher highs? Or, big OR here, is this another bull trap baiting people to buy another false breakout? Going to be eyeing this like a hawk today to see if we get any confirmation that this is indeed, a true break out. Best of luck everyone!
ADAUSDT about to get interesting again with potential breakout..Another textbook pattern and a potential breakout setup. Measured targets marked.
Not a trading advice. DYOR.
SNX Bullish Pennant BreakoutSNX cryptocurrency price made breakout of the bullish pennant good buy here
Buy : below 17$
Stop : 14.8
Target : 19 , 21 , 25
Slack Technologies, ticker WORK, is in a Bull PennantWORK is ranging. If we breakout above the pennant, my target is 58$. Probably going to go with a call debit spread instead of buying shares, 1-2 months out.
AUDUSD FORMING BULLISH PENNANT ON DAILY TIMEFRAMEWe can see price forming a bullish pennant on daily chart we might see more bullish move after breakout target have been marked. Make sure to check what's going in short time frame during the breakout to get clear picture.
please do let me know your views on this analysis
SHARDACROP - Multiple Patterns breakout - Swing TradeThe above analysis is done purely based on price action and 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 as well as the trade setup is shown in image itself.
Entry can be made between the range of 285-295. 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 queries regarding the above stock or price action analysis in general.
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.
TATAMOTORS Bullish Pennant.NSE:TATAMOTORS
Watchout it will be fire breaking upside, can go till 20-22-25 Points from CMP
