Get started

Bullish Pennant

ZRXBTC Bull pennant forming on 1 day chart, Possible scenarios.Hi Guys, Ox protocol(ZRX) have performed very well from last two months currently it's been in a pause mode and looking for the breakout again to form wave 3. If we see on the 1-Day chart it's forming the bull pennant which is going to break out soon. There is a little bit chance that it will go in the opposite direction because the crypto market is very uncertain right now. If you are going to enter in the long position, you can sell it if it goes below the lower line of the triangle which will cause you around 5-10% loss. Generally, the Wave 3 is an approx 1.5-1.618 time the first wave so according to that, we will be at around 40000 satoshi in coming 2-3 months. The profit is around 140% on 10% risk, with the minimum risk-reward ratio. This is not a financial advice you are your own, I am only providing facts here. Will be happy to hear your thoughts, feel free to comment.
Long
by aman12
2
IOTA Price AnalysisCurrent price action looks to be forming a bull pennant on the daily chart. The past two daily candles closed forming tweezer tops signalling a reversal this is confirmed by the Stochastic RSI which just underwent a bearish cross in the overbought region. The kumo as well as the Kijun, and Tenkan sen are all acting as supported this is further reinforced by the .5 fibonacci level. The DI+ has curled inward to reflect the current drop in price. The price should fall next to the Kumo/Kijun to form a higher low before resuming it's current uptrend.
by SpektreSignal
Bluzelle (BLZ/BTC) Dual Breakout Pattern | New HighsAfter raising over $19.5 million dollars in their ICO in the span of 48 hours, Bluzelle (BLZ) is a rising blockchain start-up, with the mission of providing a service allowing users to rent out their extra storage space on their computer to other users. After its ICO, Bluzelle (BLZ) has quickly escalated to a market cap of over $100 million and beginning to attract mainstream media. This is not to say that Bluzelle does not face any challenges internally in the area of project development due to the lack of blockchain developers. Regardless, in terms of technical analysis, Bluzelle (BLZ) is setting up for a breakout towards new highs in the shorter time frame, and to an all time high in the longer time frames. Shorter Time Frame: Orange Trend Line Longer Time Frame: Red Trend Line Analysis from the shorter time frame illustrates that Bluzelle (BLZ) is currently consolidating in an ascending triangle (indicated in orange) with a horizontal resistance line at 7500. Interestingly, on the longer time frame, Bluzelle (BLZ) is simultaneously consolidating in a bullish pennant (indicated in red), with a downward sloping resistance line (indicated in red). A breakout of the resistance line (7500) along with a bullish confirmation at 7850 (green) will allow Bluzelle (BLZ) to propel upwards to new relative highs at 9500. Failure to breakout will lead to a drop back to the supporting trend line at 6500. Shorter Term Target: 7850 Longer Term Target: 9500 (35% Profit)
BLong
by DeejaiRiangkrul
BTC UPDATE - Important moment for BTCWe have formed a bull flag within the the current up channel, we are coming to the apex of the flag resistance and the channel support, with both RSI and MACD bullish, the only thing missing is volume, we have had a drop off in vol over the last 15 or so hours, if we manage to get that much needed volume, we will break upward toward the down channel resistance and the elusive 10k mark. However, if we do not get a pick up in vol, we are likely to break the down channel support and head down to the flag support at around 9160. Keep an eye on the volume levels here wolves!
BITFINEX:BTCUSD
by CryptoWolfPack
2
Current bullflag has morphed into ascending triangle bullpennantWe can see on the 4 hr chart the current bull flag has started to morph into an ascending triangle bull pennant. Probability is good it will break upward....that should trigger the cup and handle that is still in play if that cup and handle is valid....However this entire bull runs price action also appears to be trapped inside a rising wedge which are patterns that usually break downward...It is worth keeping an eye on because if somehow broke downward it's projected drop target could actually take it under the eve bottom trendline. I have marked it on this chart wth 2 blue trendlines. It was not the easiest trendlines to keep consistent so I'm hoping the wedge is invalid as I would really like to see this adam and eve bottom be validated and triggered. So hopefully the cup and handle is triggered instead and lifts us out of this potential rising wedge pattern.
BITFINEX:BTCUSDLong
by DrDovetail
6