Breakout on GBPUSD for a quick 40pip tradePrice broke out of a pennant continuation pattern giving a good opportunity for a long trade. The breakout occurred on a strong 1H and 4H candle which is good confirmation
Pennant
Bitcoin can turn around from support area and start to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price started to trades inside the upward pennant, where it broke the 60700 level and then reached the resistance line of this pattern. After this movement, BTC turned around and started to decline to the support level, which coincided with the support line of the pennant, and then the price made an upward impulse, thereby exiting from this pattern and soon broke the 66700 level too. Next, the price made a retest and started to trades inside the range, where it at once rose to part of the consolidation and then made a correction movement to the current support level, which coincided with the support area. Price some time traded near this level a little more and later rebounded up to the seller zone, where it at once turned around and in a short time fell back to the current support level. At the moment, it continues to trades near the 66700 level, which coincides with the support area and bottom part of the range. For this case, I think that BTC can fall to the support area and then turn around and start to grow to the seller zone. So, that's why I set my target at the 71000 points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can bounce up from support line to $2380 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price broke resistance level, which coincided with resistance zone and rose a little higher.
But soon, Gold made downward impulse to $2295 support level and started trading in flat.
Later price exited from this pattern and entered to upward pennant, where it made strong upward impulse.
Gold reached resistance line of pennant, breaking $2375 level, but soon, turned around and in a short time declined back.
Price fell to support line of pennant and now continues to trades near this line, and I think XAU can bounce up.
Also, I think price can break resistance level and reach $2380 resistance line of pennant.
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Bitcoin can rise a little and then continue fall inside channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago declined lower than the support level, which coincided with the buyer zone, after which it entered to the pennant, where at once made impulse up, breaking 61200 again. Then the price made correction to the support level and then started to grow to the resistance line of the pennant pattern, after which turned around and fell to the support line. Next, the price bounced up, exiting from this pattern, and also rose higher than the 70200 resistance level, which coincided with the seller zone, but soon turned around and started to decline inside the downward channel. In the channel, BTC broke the resistance level one more time and fell to the support line of the channel, after which rebounded up, and tried to grow, but soon price continued to decline. Now, BITCOIN continues to decline inside the downward channel, so, in my opinion, the price can grow to the resistance line of the downward channel and then it will continue to decline to the support level. For this case, I set my TP at the 61200 support level. Please share this idea with your friends and click Boost 🚀
Euro can make correction to support level and then start to growHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago started to grow from the support line and soon reached the seller zone, which coincided with the resistance level, after which made small movement down. Next, the price reached the resistance level again and then fell to the support line, after which EUR made an impulse from this line higher than the 1.0880 level, breaking it and some time trading between this level. After this, the EUR made an impulse down to the support level, which coincided with the buyer zone, breaking the support line and also forming a gap. Then the price rebounded from the 1.0725 level and rose to 1.0850 points, after which started to decline inside a downward pennant, where it fell lower than the 1.0725 support level, breaking it. But a not long time ago, the price started to grow from the support line of this pattern and quickly backed up and even exited from the pennant. At the moment, I think that the price can make a correction movement to the support level and then start to grow. For this case, I set my TP at 1.0810 points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can bounce up from support line of pennant to $2370Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price entered to wedge, where it at once bounced from support line to resistance line.
But soon, Gold turned around and in a short time declined back to support line, breaking $2400 and $2325 levels.
Then price made upward impulse to $2447 points, thereby exiting from wedge and breaking $2400 and $2325 levels again.
After which Gold started to decline inside pennant, where it fell to support level breaking $2400 level.
Next, price broke $2325 level too, but a not long time ago it rose back and now XAU trades close to support level.
In my mind, price can fall to support line of pennant and then bounce up to $2370, exiting from this pattern.
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BTC at HTF range middle 📉 Bitcoin Daily 📈
Bitcoin closed week at 66653. That was above higher timeframe range middle and above developing quarter VWAP. Can't say this price action looks bullish, but at least it hasn't yet completely wiped out all the bulls. In short term perspectives there is still a chance for a bounce to May close this week.
Higher timeframe picture and conditions remain the same. Acceptance below 66k will lead to BTC drop down to 63-64k and possible dips down to 59k (HTF range bottom). Last week close gives me bearish vibes - even if this week close above range middle chances to see those dips are close to "guaranteed".
Nearest liquidity pools:
above - 67260 / 67720 / 69195 / 70290
below - 65675 / 64885 / 64220 / 63080
Lines on the chart:
🔸72132 - May high
🔸71363 - March close
🔸69667 - week close
🔸68540 - week close (May)
🔸67577 - May close
🔸66653 - week close
🔸64025 - last April week close
Trend: D ▶️ W 🔼 M 🔼
🤑 F&G: 71 < 71 < 74 < 74 < 70
XAUUSD SHORTGreat opportunity to short gold. Waiting for the break of bottom red trendline for a nice entry.
Looking at this chart on 4HR/DAILY candles. I think gold still has more room to the downside.
Any opinions? :)
EURO - Price can make small movement up and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price entered to flat, where it at once bounced up to $1.0890 level from $1.0770 level.
Then it turned around and little declined, after which price some time traded in flat and then made upward impulse.
Price exited from flat, and then declined lower $1.0890 level, after which it tried to rise, but failed.
Euro made a fake breakout of $1.0890 level and continued to decline inside pennant, where it later broke $1.0770 level too.
At the moment, price rising near support line of pennant, and I think it can make small movement up first.
After this, Euro can bounce down, thereby exiting from pennant and continuing to fall to $1.0660
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Bearish Pennant Pattern and Support Breakout in MDTUSDT CoinAnalysis:
Chart Pattern: MDT/USDT is showing a Bearish Pennant pattern below the support level, indicating potential for further downward movement.
Support Breakout: The coin has broken below a key support level, suggesting increased selling pressure.
Target Price: Estimate target prices based on the height of the pennant.
Cautionary Note:
Be careful, as trading cryptocurrencies involves significant risks. Ensure to assess your financial situation and investment goals before making any decisions.
Stop-Loss: Set a stop-loss slightly above the pennant's upper boundary to manage risk.
Gold can correct to support level and then rebound up to 2345Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago price started to trades inside an upward pennant, where it at once made a strong impulse up from the support line to the resistance line, which coincided with the seller zone, breaking 2285 and 2415 levels. Soon, the price turned around and in a short time declined to the support level, which coincided with the support area, after which started to grow to a resistance line. When the price reached this line, it two times tried to break it, and on the second try, Gold broke the resistance line, thereby exiting from the pennant and continuing to move up to the seller zone. After the price entered to seller zone, it soon turned around and in a short time declined lower the 2415 resistance level, making a fake breakout of it. After this, the price rose to the resistance line, after which rebounded down to the support level, but a not long time ago it bounced and started to grow. In my opinion, the price can correct to the support level, after which Gold turns around and rebounds up to the resistance line. For this case, I set my target at 2345 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
GOLD - Price can exit of pennant and then break resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it at once broke $2375 level and fell to support line of channel.
Then price some times tried to rise, but anyway fell back to support line, which coincided with $2320 level.
Later Gold made upward impulse higher than $2375 level, breaking it and exiting from falling channel.
Soon, price turned around and quickly declined lower than $2375 and $2320 levels inside pennant.
Also recently, price turned around and started to grow, so, in my mind, price can exit from pennant and reach resistance level.
After this, Gold can break $2320 resistance level and continue to grow to $2340
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DXY Update...
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Pennant on WOCKPHARMAWOCKPHARMA formed a Pennant formation on daily chart. Multiple support and resistance were tested and price broke out of resistance. Price also successfully tested it and bounced back. Volume was above average on the day of breakout. Looking at the way of bullish formation on this stock, I believe it has got good potential. Stop loss can be held just below the swing with target the width of the pendent. Entry can be just above the breakout candle.
Hope you like this idea. If you like, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
FTM - Bullish PennantOn the weekly timeframe, a double bottom has formed. After breaking and testing support, a bullish pennant has emerged, indicating a continuation of the upward trend. Growth potential towards $2. 📈🚀
$ORCA to 41x in the near future?Looking at the Logarithmic chart, LSE:ORCA seems to have been at a down trend since January 2024 after doing a 10x in just 63 days. The coin seems to have been going through a decent correction for the past 140-160 days. Pulling up the Fib retracement we see a clear bounce off of the 50% level(log scale) which gives an indication that the correction is coming to an end. This gives us a good 1-2 setup per Elliot Wave Theory. Further the RSI seems to have bottomed out on the daily and shows signs of bullish divergence and accumulation of smart money. Looking at the long-term trend based on Modified Shiffs Pitchfork, it seems to be bouncing off of key levels parallel to the trend with great upside potential. Considering the incoming third wave being the longest and comparatively faster the Fib Extension targets of $74-$223 look positively attainable and within the assets long term trend. As we enter the Altcoin Season, Orca can be one of the early gainers considering the fact that ORCA went up to $29 a week into launch. I'm thinking the 3rd wave has already started and just needs a little momentum to go exponential. Considering the 1st wave lasting for 63 days the 3rd wave should be even faster and massive. The project is amazing and has good growth potential as it scales. A good investment overall. Do your own research before you Ape into this amazing project!!!! :-D
$WIF - Zones of interest for LONG entriesCRYPTOCAP:WIF has recently printed a new lower high, broke out from a pennant, did a Change of Character and now seems to be looking for drawing a new lower low to finally establish a continue of a bull trend.
Price going below 2.40 could invalidate the bull trend, but there are several zones of interest to buy CRYPTOCAP:WIF for a long entry, these being:
3.2 usd
3.1 usd
2.9 usd
2.7 usd
2.5 usd
Gold can rebound from resistance level and continue to fallHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded up from the current resistance level to the 2400 level, which coincided with the seller zone and even rose higher, but when it reached the resistance line, the price turned around and started to fall. In a short time, the price declined to the resistance area, breaking 2400 and 2305 levels, and some time traded near the resistance area. Later, the price fell lower than the 2305 level again and entered to upward pennant, where it turned around of support line and made a strong impulse up to the resistance line, breaking the 2305 level one more time and also the resistance line with the 2400 level. Soon, the price turned around and in a short time declined from the resistance line of the pennant to the support line, breaking the 2400 level again. After this movement, Gold tried to rise and even reached the resistance line of the pennant, after which it made a strong impulse down, thereby exiting from this pattern and recently broke the 2305 level too. Now, the price trades inside the resistance area, and in my opinion, Gold can rebound from the resistance level and continue to decline, therefore I set my target at 2250 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can continue move up to resistance levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price little declined and then bounced up to resistance level, which coincided with resistance area.
But then it started to decline inside pennant, where it fell to support line, breaking $67500 level.
After this BTC turned around and made strong upward impulse to $70300 points, exiting from pennant.
Then price continued to grow in wedge, where it broke $70700 level, but a not long time ago made downward impulse.
Bitcoin broke $70700 level and exited from wedge also, falling to $68300 points, after which it started to grow.
At the moment, I think BTC can little decline again and then continue to grow to $70700 resistance level.
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Euro can rebound from support level and start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it rebounded from the support line and rose to the resistance line, after which continued to decline near this line. In a short time, EUR fell to a support level and even made a fake breakout of it, after which turned around and made a strong upward impulse, exiting from the downward channel. Then price almost reached the resistance level, turned around, and fell lower 1.0810 level, breaking it. But then, EURUSD turned around and started to grow inside an upward pennant, where it broke the support level again and later the resistance level too, reaching the resistance line of the pennant. After this, the price bounced down, breaking the 1.0890 level, which coincided with the seller zone again. But then, the price tried to back up and even made a fake breakout of this level, after which made impulse down, exiting from the pennant. Now, I think that the Euro can decline to a support level and then start to grow, therefore I set my target at 1.0870 points. Please share this idea with your friends and click Boost 🚀
Bitcoin can break resistance level and continue grow in channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price reached the resistance level and even entered to the seller zone, where started to decline inside the downward pennant. In this pattern, it fell to the support level, which coincided with the buyer zone and also reached the support line of the pennant, after which rebounded up to the resistance line. Then BTC exited from a downward pennant and fell lower than the 60200 level, but soon it turned around and started to rise inside the upward channel, where BTC broke the support level one more time. Next, the price made retest and continued to move up in the channel and even made a fake breakout of the resistance line, but when Bitcoin touched the resistance level, it at once rebounded back to the channel. But a not long time ago price rebounded from the support line of the channel to the resistance level and now continues to trades very close to the 71200 level. So, that's why I think that BTC can make a correction movement to support line of the channel and then rebound up higher that resistance level, breaking it. After this move, the price can continue to move up in the upward channel, therefore I set my target at 75000 points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can turn around and start rise to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it soon broke $2320 level, which coincided with support area.
Then price continued to grow in channel and later reached $2390 level, which soon broke also and continued move up.
Soon, price left channel and started to decline in pennant, where it broke $2390 level again and fell to support level.
Some time price traded near this level and reached support line of pennant, after which bounced up to resistance line.
But recently, Gold fell back and now trades very close to support line of pennant, so, I think price can little fall.
After this, XAU can turn around and bounce up to $2390 resistance level, exiting from pennant.
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I Cannot Short This !!! situation+next targets.BINANCE:JASMYUSDT broke out the bull Pennant on 3D timeframe
Up we go📈
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
