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Pennant

HelenP. I Gold can exit of pennant and try break support levelHi folks today I'm prepared for you Gold analytics. A few times ago price declined to the support zone, after which it at once rebounded up, thereby making a fake breakout of support 2. Then XAU some time traded near this level, after which it repeated movement down, below support 2 and in a short time backed up and started to grow. Later Gold entered to pennant, where it rebounded from the trend line and made impulse up to support 1, which coincided with one more support zone. Soon, the price broke this level and rose to the resistance line of the pennant, after which the price turned around and declined to the support zone. In this zone, the price some time traded, and a not long time ago Gold rebounded and started to move up. For my mind, Gold will rise to the resistance line of the pennant, after which it turns around and declines to the support level, thereby exiting from the pennant. Then, I think XAU can try to break the support level, make a retest, and continue to decline. For this case, I set my target at the 2110 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
0.007 ($1k/$400B MC) SOL @ Halloween, 6 month bull flag breakoutAfter the multi-month cup & handle (inherited from btcusd), upside breakout. A bull flag over the last 6 months had formed, and finally broken out this week. Expect continuation of this bullish pattern throughout 2024 leading into the 2025 bull run. Despite the lack of decentralization & costs for running a node, solana is the #1 blockchain by many metrics. Users will continue to be onboarded via meme coins and become solana defi advocates, leading to more adoption. BTC will become prohibitively expensive for the masses, leading to financial security decisions made to hodl the base layer token.
Long
by komodefi
GOLD - Price can fall to support area and then bounce up from itHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to flat, where it in a short time reached $2055 level, which coincided with top part of flat. After this, Gold at once bounced and declined to bottom part of flat, where later XAU turned around and started to grow. In a short time price rose back to $2055 level, entered to pennant, and later made strong upward impulse. Price broke $2055 level, exited from flat, and soon reached $2155 level, which coincided with support area. Soon, XAU broke this level and rose to resistance line of pennant, but recently price bounced down, exiting from this pattern. So, now I think Gold can decline to support area and then bounce up to $2200 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
HelenP. I British Pound will rebound up of trend line to $1.2820Hi folks today I'm prepared for you British Pound analytics. A not long time ago, the price declined to the 1.2670 support level, which coincided with the support zone, and soon broke this level and declined even lower than the support zone. Later, GBP tried to back up, but failed and declined to the trend line, after which the price rebounded and made a strong impulse up. British Pound broke the 1.2670 level again and then made a retest, after which the price continued to move up in the pennant, where later GBP rose to the 1.2820 resistance level, which coincided with the resistance zone. Soon, the price broke this level and rose to the resistance line of the pennant, after which GBP turned around and declined below the 1.2820 level in a short time, breaking it one more time. After the breakout, the price made a retest and then declined a little, after which GBP tried to back up, but when it reached the resistance level, the British Pound at once rebounded down to the trend line. Now, GBP trades near this line and I think that the British Pound will make a correction to this line again, after which the price will rebound up to the resistance level. That's why my target is 1.2820 level. to If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Total Cryptocap’s log chart just hit the falling wedge targetIf we take the teal bull pennant and only measure the pennant part which is also a falling wedge, the target we get from the breakout has just been hit by our current price action. I felt that was worthy of posting a chart bout. Though bitcoin has already achieved a new all time high days ago, the entire market cap for all of crypto is still just below it’s previous all time high currently. I would expect that to change in the very near future, however there’s always a chance at a retracement once rice hits the full breakout target. Since we just hit the full breakout target of the teal falling wedge, then it could retrace, if it does it may take longer to reach a new all time high. ALso possible for it to pump just enough to reach a new all time high then start its retrcement, correction, or sideways consolidation. Either way we can see as I have stated in previous charts, that this falling wedge is also a very valid bullish pennant and the breakout target once you include the height of the pennants flagpole for your measured move line, Is a staggering 17.5 trillion or so…No guarantee we hit the full target this bull run, however the ay the bitcoin spot etf buying has kind of changed the paradigm of what’s possible there’s definitely a chance we could hit this full target for this current bull run. As I have stated in the past the dotted yellow measured move line to the left is a measured move target from a pennant we broke up from 2 bull cycles ago and it didnt hit its full target in that bull run. However since it is in a very close proximity to the price target of this teal pennant’s measured move breakout target as well, it creates a good bulllish confluence and we could see both targets hit this bull run. I would say worst case scenario we head to those targets by next bull run but very plausibly can reach them during this one. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
Swiss Franc can exit from pennant and continue fall to 0.8700Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price reached the resistance line of the downward channel, after which CHF rebounded down and declined to the support line of the channel, breaking the 0.8635 level, which coincided with the buyer zone. Then the price turned around and entered the pennant, where it made a strong impulse up to the resistance level, exiting from the downward channel and breaking the 0.8635 level one more time. After this CHF broke the 0.8820 level, which coincided with the seller zone, but soon it turned around and fell back and some time traded very close to the resistance level. Later, the price started to grow back and in a short time, CHF reached the 0.8820 level again, broke it, and rose to the resistance line of the pennant. But soon, the price rebounded from this line and declined to support line of the pennant, thereby breaking the 0.8820 resistance level again. After this, the price bounced from the support line and rose to the resistance line of the pennant, where, at the moment, CHF continues to trades near. In my opinion, the Swiss Franc can fall to the support line, after which it at once will bounce to the resistance line and then CHF can make an impulse down, thereby exiting from the pennant. For this case, I set my target at the 0.8700 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
MRCB Breakout From DT Line - Good Price to EntryThis undervalued construction and property player in Malaysia, MRCB has shown good performance recently. Pullback from the 52Wk high at 0.705, the price now stabilize around 0.56 to 0.59. The intrinsic value for Malaysian Resources Corporation Berhad is RM9.91 based on Discounted Cash Flow Valuation, that is discounted 94.2% from current price. Price now recently break from downtrendline (refer chart) and need to break MID BB (MA20) at daily timeframe to confirm the uptrend mood. My price target using fibo is at TP1 D: RM0.795, TP2 D: RM1.03 Hold for long term investment! cheers
MYX:MRCBLong
by zeri85
How to Trade BLS InternationalBLS Intl, now at 343 on March-14-2024 : 2 ongoing patterns can be seen #1. Per EW, the major Motive wave is completed and retracement is done closer to 0.382 and rising again, So, invest few now, invest until 256 for target of 604.5 in 1-1.5 yr holding period #2. Per another ongoing pattern ( highlighted zone ), One can invest until 300 for a target of 604 As strict stoploss of 255 Expected Gains from curent price --> 76.2% Prefer to invest regularly in this
NSE:BLS
by krishnadevathi
VET: Fractal Patterns and OpportunitiesVeChain (VET) is a blockchain platform that aims to improve supply chain management and traceability. The VET/USDT trading pair has been exhibiting fractal patterns on the daily chart, which can be used to identify potential trading opportunities. Fractal Analysis: Repeating patterns: The VET/USDT chart has been forming a series of repeating patterns, such as triangles and flags. These patterns suggest that the price is likely to continue moving within a range until a breakout occurs. Fibonacci retracement: Applying Fibonacci retracement to the previous bullish impulse wave shows that the 0.618 and 0.5 retracement levels are at $0.06 and $0.07, respectively. These levels could act as potential targets for a breakout. Trading Opportunities: Breakout trades: Traders can look for breakout opportunities above the resistance level of the current pattern. A breakout above $0.055 could signal a continuation of the bullish trend. Retracement trades: After a breakout, traders can look for retracement opportunities to enter a trade in the direction of the breakout. The 0.618 and 0.5 Fibonacci retracement levels could be potential areas of support. Artificial Intelligence (AI) Hype: There is currently a lot of hype surrounding AI-related cryptocurrencies. VET has been associated with AI due to its partnership with IBM and its use cases in supply chain management. This hype could provide additional tailwinds for the VET price. Conclusion: VET/USDT is trading in a range on the daily chart, with repeating fractal patterns. Traders can look for breakout and retracement opportunities based on these patterns. The recent hype surrounding AI-related cryptocurrencies could also provide additional momentum for VET.
Long
by Yaroslav_Krasko
3 month log chart on btcThe green symmetrical triangle pattern that also doubles as a bull pennant here on the 3 month btcusd log chart gave us 100% exact precision on the measured move just from the triangle portion of the pattern. We can see the measured move from the triangle alone was the exact top of the recent bull market exactly. We can also see the correction we had the past year that most are considering a bear market did not even come close to retesting that green triangle and likely will not. That means the actual bull pennant that triangle is part of is still very much in play. When you attach the pole to the pennant you get a much much higher target. It may not fully reach this target for at least two more bull cycles but this target is still very much in play and it likely will reach $586k this decade. In the mean time we can see in yellow here a smaller pennant fractal that is most valid on the 1 week and 1 month charts. If it behaves similarly to the larger shape, then we should see the first significant correction of the current uptrend occur after reaching the measured move breakout of the wedge around 49-52k. Odds are good the correction even if steep will still result in a higher low and continue the macro uptrend at that point to the full measured breakout move of the yellow pennant somewhere around 148-150k. I think then we would probably see another bear season and it is after that bear season we would likely finally start heading to the full measured move breakout target of the larger green pennant in the 580-590k region. Of course for now the timing on all this is still heavy speculation but I thought it would be fun to post just to see how closely it follows my prediction. My guess is it can reach the highest price target on this chart before 2030, maybe even by 2028 or if we’re lucky even sooner. *not financial advice*
OANDA:BTCUSD
by DrDovetail
4
$INJUSDT Breakout and Retest Successfully done!!!The purpose of this setup is to provide an analysis that suggests if the current market conditions are bullish or bearish, potential entry and exit points, and to identify key levels of support and resistance that might influence future price movements. It is important for the community to know that such technical analysis is based on historical data and patterns, and it does not guarantee future price movements. All investments and trades come with risk, and one should only trade with money they can afford to lose. Now we move to the analysis. What are my considered parameters for this trade? Price Action: The setup shows the priceaction of Injective in a Daily TF. There has been a recent uptrend as indicated by the price being above the 50 EMA line, which is the green curved line on the chart. Fibonacci Retracement Levels: The chart shows a clear bounce off the 0.618 level from the recent dump, which could be seen as a potential support level and which confirms as well the Fibonacci setup that we have for this Trade. Bullish Pennant Pattern: The purple lines show an ascending trendline as support trendline and a descending trendline as a resistance trendline. These two formed a perfect Bullish Pennant Pattern, from where the price broke and retested recently with the recent dump that we had in the market. All these points speak for a long trade here taking no more than a 200% TPR to reduce risk and not be greedy as well. I will keep posting follow ups and updates on this trade. Good Luck
BINANCE:INJUSDLong
by Lucas_CryptoLab
GTAI's situation+next targets and expected movements.Hi. KUCOIN:GTAIUSDT Today, I want to analyze GTAI for you in a 9H time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). We have a Bullish Structure here GTAI formed a Bullish Pennant on 9h timeframe🤔 Up we go if we do breakout. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Bullish Pennant -AB=CD Stay awesome my friends. Previous Analysis : _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Euro can exit from pennant and decline to 1.0880Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago started to trades in the range, where firstly it reached the top part, but then the price in a short time declined to the 1.0810 support level, which coincided with the buyer zone. After this, the price rebounded from this level and tried to back up, but failed and declined to the buyer zone and even lower, thereby exiting from the range and breaking the 1.0810 support level. Then Euro entered to upward pennant, where it at once rebounded from the support line and started to move up. In a short time price rose higher than the 1.0810 level, breaking it one more time, and later made a correction to support line of the pennant. Next, the EUR rebounded from this line and soon rose to the current support level, which coincided with the seller zone. Soon, the price broke this level and rose to the resistance line of the pennant, but a not long time ago it turned around and fell back to zone, where the Euro continues to trades very close to the 1.0920 level. I think that the Euro can bounce to the resistance line of the pennant, after which it turns around and rebounds down, thereby breaking the 1.0920 level and exiting from the pennant pattern. For this reason, I set my target at the 1.0880 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Gold can make little movement up and then fall to 2115 pointsHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago long time rebounded from the buyer zone, which coincided with the support level and rose to the 2085 level, thereby breaking the 1990 level. After this, Gold started to trades in a pennant, where it rebounded from the resistance line and in a short time declined to the buyer zone, which coincided with the support line of this pattern. Next, the price turned around and made a strong upward impulse from the support line to the 2085 level, thereby exiting from the pennant, and also soon, the price broke the 2085 level, which coincided with the support area. After this, Gold made retests and then continued to move up, and now the price trades higher than the support area. So, in my mind, Gold can make a little movement up, after which it will turn around and start to decline. Therefore I set my target at the 2115 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
Log channels of bitcoins entire history suggest serious upsideIm seeing confluence of last bull market cycles potential pennant target(yellow dotted line) and the current bitcoin cycle flag’s measured move line (purple target). Now I’m not suggesting that we will definitely reach this target level on the current bull market, as we have already seen this was a target from the pennant we broke up from during the last bull market and have already had a bear market since then before getting anywhere near the target, so there’s a solid chance we could see another bear market before finally reaching this target in the bull market after the current one. However considering the bitcoin etfs have led to such an exponential increase in institutional buying, there’s also still a decent probability that we could somehow hit this target during the current bull market. A safer bet is probably somewhere around 120-140k imo,then again if we have a massive correction here thats larger than the average 30-40% corrections we usually have during bull markets maybe that could help reset the health of the market to prolong it and allow it to reach higher heights.Hard to say. Either way I wanted to post a copy of this idea while I have it charted so I can look back it later to see how price action responds to these channel trendlines once it reaches them. If somehow e do reach the full target of the current bullflag we are breaking up from we could see anywhere from 300-320k the dotted blue line I included is for if the previous bull pennants pole is actually the fully extended price impulse, if so i am almost certain it will take at least 1-3 more bull markets before we would reach the full dotted blue line. I also have a monthly char that shows key channels that connect the previous few bull and bear cycles tops and bottoms but not the entire history like this one does and those channels would only allow for about 140-150k top in 2025 if we were to stay inside of them….if we broke out of them that’s when the targets shown here then start to become more of a reality in the current bull run. Until then I won’t expect anything above 140-160k and more realistically probably 120k range. Still worth posting this to eep a better eye on it. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2