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Pendant

LTC Bullish Pendant I posted two Litecoin scenarios yesterday on the 2H charts, Bullish Pendant or Ascending Triangle. It's taking on the form of a Bullish Pendant and currently following yesterday's outlined trajectory. It touched on the first buy opp target very briefly (6 one minute candles) before climbing back up. Reverse to the downside was expected once top of leg touched but there are strong bullish candles forming now much earlier than anticipated. Observe for breakout and close above $190. Next few hours very important. Good luck trading. COINBASE:LTCUSD
COINBASE:LTCUSDLong
by UnknownUnicorn10818982
BTC chart for 1/5/21 @13:20 EST showing possible trend linesupdating this mornings chart you can see we broke out of the bearish head and shoulders and now breaking the bullish W pattern line. if we close a 1h above the purple line and your impatient you can get in here with a small bet and add margin if we break the white line ATH. we had decent volume breaking out the head and shoulders and we need to continue to see good volume to maintain upward pressure. keep SL's tight . rather take some profit then no profit. ***im not a professional...ultimately your on your own**** please like and subscribe if you enjoy the content
BITSTAMP:BTCUSD
by ELM_Trading_NYC
BTC chart for 1/4/21 @ 3:40 EST showing possible trend linesthis chart is showing a few different patterns i deem bullish. higher highs and higher lows as well as rising volume and a bullish snap back candle off a longer term (12/27 high) support. also maybe bounce back to fill in the head and shoulders neck line. if so that is usually bearish pattern. i would be cautious trading this market ... unexperienced traders should stay on side lines. keep SL's and TP's tight. ***im not a professional. dont do what i do :P**** happy trading good luck please follow and subscribe if you like the content.
BITSTAMP:BTCUSD
by ELM_Trading_NYC
BTC chart for 1/4/21 @ 9:50 EST showing possible trend linessame chart as before but cleaned up the trends that are no longer viable. we can see at bottom around the 27.8K level and now a nice rally to retrace the upside. ill be looking for a W pattern with a higher low developing on the 1H candles before i look to get back into a LONG. also keep in mind the long wick down on the 4am 1h candle is very bullish . lets see if the bulls can take control back or will the bears beat the price back down. who knows! side note .....price targets (PT) are measured from the highest wick to the lowest wick recently made. PT changes with where the breakout occurs within the pendant. tip of the day.... do not act until the charts have spoken. ****im not a professional. just sharing my thoughts so you can compare with yours. *** let me know what you think ... like and subscribe if you like the content. i do this for fun only.
BITSTAMP:BTCUSD
by ELM_Trading_NYC
BTC chart for 1/3/21 @ 23:35 EST showing possible trend linessame chart as before as you can see the trends are holding nicely and it seems we may have a W pattern forming. i will be looking for at least hourly candle close above the neck line to feel bullish. if confirmed with volume you can get in there or wait for a retest of the neck line with a bounce off with large volume for confirmation. let me know what you guys think. ***not a professional. just sharing my thoughts for those who want it.**** like and subscribe.. maybe ill get a following ! :P peace ..
BITSTAMP:BTCUSD
by ELM_Trading_NYC
1
EURUSD Pendant pattern forming on the 1H chart. Looking for a break in either direction for entry. A retest would be the best entry after price breaks either up or down. After price breaks through it still has either support or resistance so be patient. Upside targets around 1.1380 downside target would be 1.1113 for first target and around 1.1025 for the next. Considering price has made a new low and broke through previous support at 1.1113 we can possibly see a continued downtrend and price falling lower than 1.1000.
by 8miles
PIVX Good long term tradePIVX is the DASH fork which has started following in the steps of DASH. It skyrocketed the first year it came out by 1000's of % and has been in a bear trend ever since. There is a very large pendant looking pattern on the one year chart and it has finally broken through the upper line. Even though it is at a high, based on how DASH has performed and how PIVX has performed in the past, this is still a great buy long term. Especially since the RSI shows its weak over the 1 year chart and it finally broke through the upper pendant line.
by gdtrader1
USD/CAD New Entry Opportunity If you take a look at the last USD/CAD opportunity I posted, you will see that price is currently dropping from the resistance level that was identified. I am in this trade from the resistance level I posted, however here is another opportunity for an entry into this trade. Price has a bias to fall to the downside after breaking out of the pendant - this will complete the target that I set on the last USD/CAD post. (View this chart in the 5 min interval for a clearer picture)
Short
by LeeThompson97
THE CONTINUATION OF AUDCAD's DOWNTRENDAUDCAD is having some trouble with the bears. Nothing to worry about because being in a trend can give some very profitable opportunities. Like this one if it continues to move downward. We all don't know if it's gonna happen but we can get a high probability out of it. Having a flag pattern or a pendant formation gives you enough information that there's a strong move to the direction of the pole. After that, the flag or pendant starts to occur. Which is mostly a 'slightly moving against the trend'-move which we will name the break or quick rest. In most cases it happen to move further in the overal moving direction. I have also put the EMA's in it, just to look at what most people think. 'Lower than the EMA's? Ah then it will go down lower.' Third point is the resistance area that I have blacklighted. So I built an entry 3 cases strong. A flag pattern alone could have give me enough potential, but I want more to see. Getting that mental encouragement that you will need while trading!
by Chartist