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Pennant

Bitcoin can continue to fall in downward channel to 92K pointsHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined from the support level a little below and then started to grow inside the upward pennant, where it at once broke the support level again and continued to move up. Later BTC reached a resistance level, which coincided with the seller zone, and even rose, breaking this level to 108700 points and then turning around. Price fell below the resistance level, but soon backed up and some time traded between this level until it reached the resistance line of the pennant and then started to decline. In a short time, the price fell below the resistance level, breaking it, and soon exited from the pennant also, after which continued to move down inside the downward channel. In the channel BTC rebounded from the support line and rose to the seller zone, where it some time traded and then continued to decline, breaking the 104500 resistance level again. Bitcoin fell into the buyer zone, where it turned around and made a strong impulse up to the resistance line of the channel. And recently price bounced from this line and continued to move down. So, I think that Bitcoin can move up and then fall lower than the support level, breaking it. For this case, I set my TP at 92K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
TON/USDT: How to Act in the Market When Panic Takes Over?Crypto Panic or Manipulation? A Deep Market Breakdown 🔥 Hello everyone, this is Ronin! The last two trading days have been a real test for investors and traders in the cryptocurrency market. 📉 We witnessed a massive wave of liquidations, which literally crashed altcoins. Looking at the numbers: Most assets dropped by 10–30%. Some coins lost 50% of their value. The total crypto market capitalization shrank by more than 10% in just a few days. We haven’t seen a crash like this in a long time. 📉💥 What Are Analysts Saying? According to most experts, the main reason for this decline was the new trade sanctions imposed by Donald Trump against Canada and Mexico. These sanctions allegedly led to an overall deterioration of the economic climate, causing capital to flow out of risk assets, including cryptocurrencies. But is that really the case? My Perspective: What Really Happened? I can’t say with 100% certainty, but my decade of experience tells me otherwise. What we saw over the weekend was nothing more than crypto panic and large-scale market manipulation. 🔹 Why do I believe this? The sanctions have no direct or indirect impact on the crypto market. The key factor was the psychological state of market participants. Friday was extremely positive: the Fear and Greed Index was in the "greed" zone, and ETF funds recorded record capital inflows. The Fed left interest rates unchanged, which the market viewed more positively than negatively. However, by the weekend, we saw massive sell-offs. The logic is simple: big players took advantage of the news cycle to wipe out market liquidity. 💸 The Hardest Hit: TON 💎 TON (The Open Network) is one of the most promising blockchain projects, closely tied to the Telegram ecosystem. And here’s the question: Is there any real reason for TON to be this undervalued? ❌ The answer is a definite NO! For comparison: Even when Telegram’s founder, Pavel Durov, was arrested in France, the risks for the project were much higher, yet the price never dropped below $4. However, on Sunday night, the price plummeted to $3 – with no real fundamental reason behind it. 📌 If that’s not manipulation, then what is? What Do the Stats Say? 📊 More than $2 billion in liquidations occurred in a single trading day. 💥 This was one of the largest liquidation events in the history of the crypto market. If you check CoinGlass, you’ll see a massive imbalance in liquidations between buyers and sellers. Big players literally wiped out everyone who was leveraged long. What’s Next? Where Is the Market Headed? As the saying goes: "Buy when everyone is selling, and sell when everyone is buying." Right now: ✅ Everyone is selling. ✅ The market is in panic mode. ✅ Big players have wiped out overleveraged long positions. What should you do in this situation? 🤔 Personally, my average entry on TON is $5. I bought 40,000 tokens, and yes – the drawdown is significant. I had the temptation to close my position, wait for the bottom, and re-enter, but then I remembered one of the golden rules of the market: 💡 If everyone is selling, it’s time to buy! So not only did I NOT close my position, but I increased it. Conclusion: What to Expect Next? 📌 This was an artificial correction – a manipulation aimed at liquidating overloaded positions. 📌 The coming days will show a recovery, especially if volumes begin to rise. 📌 Market psychology is a key factor. When the market is in panic mode, big players are accumulating assets at low prices. I will continue to publish updates on my TON position and other cryptocurrencies. If you’re interested in my strategy for recovering from this deep drawdown, follow my profile on TradingView. 🚀 In upcoming articles, we’ll analyze other coins and provide a microeconomic breakdown of projects in similar situations. This has been Ronin – stay tuned for updates! There's a lot more to come. 🎯
Long
by StarTradePro
Euro could rise to 1.0560 points within the wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded near the seller zone, which coincided with the resistance level and when it moved up, it at once turned around and dropped to the 1.0350 level, breaking the resistance level. Then price started to grow inside the pennant, where it rose higher than the resistance level again, making a gap and later even reaching the resistance line of the pennant pattern. After this movement, the Euro started to decline and quickly fell to the support line of the pennant, breaking the 1.0510 level and soon it exited from the pennant pattern and then fell to the support level, which coincided with the buyer zone. Then the price rose a little and dropped to 1.0220 points, breaking the support level too. But soon, the Euro turned around and made impulse up, breaking the support level again and even later started to trades inside the wedge. In this pattern price first made a correction to the support line and then in a short time rose back to the support level, broke it, and continued to move up. Later price reached a resistance level, but a not long time ago it rebounded and fell to the support line, which recently bounced and started to grow. So, in my opinion, the Euro can continue to move up in wedge to resistance line, breaking resistance level. For this reason, I set my TP near the resistance line, at 1.0560 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
XCN is likely to pullback upwards of 40% in the short-term.XCN has been on an absolute tear as of late. Although price action has been incredibly bullish, it is very likely to pull back by upwards of 40% in the short term on the wave four count, reaching the bottom of the bullish wedge pattern before making a significant move to the upside. These bullish moves generally—but not always—comprise a five-wave count within these wedge patterns before making big upside moves, and XCN is currently at or near the top of wave three. As with anything in trading, this isn't guaranteed, but it is probably more likely than continuing up and breaking out on the wave three count. Therefore, there may be an opportunity for lower-priced entries in the coming days or weeks. Overall, I'm bullish on XCN, but this perspective is just something to consider. Good luck, and always use a stop-loss!
CRYPTO:XCNUSD
by MetaShackle
When you're Dancing on the ceiling; Short then LongWe recently broke-out of a trading range, to the Upside. Short now for Temporary Profits, or, Wait for the price to follow the grey line I drew in illustrating the likely Anticipated move. Buy long, at-or-near the Pullback (top Dashed line). Should go (up) Down Upppp! For your added Confidence, i recommend Waiting for a Bullish Candle After the retest to Pullback Level; you Want to See a Green candle after touching that Dashed line.
Short
by sofearnot
3
XPR looks to be setting up for a big move to the upside soon!The XPR chart (not to be confused with XRP) is looking fantastic right now, and the upper wedge that the price is currently trading in closely resembles the lower wedge from the initial breakout. The Gaussian channel is cinching up as the wedge runs out of real estate. As a speculative play, XPR could very well make a move similar to the one XCN recently made, generating a 5X return—or perhaps even a 10X if enough momentum rolls in. Good luck, and always use a stop-loss!
CRYPTO:XPRUSDLong
by MetaShackle
1
MATIC returning to equilibrium would be a 128% gain from here!MATIC is looking extremely undervalued at current levels. The price has pulled back considerably since the "Trump election pump" and is forming a nice wedge on the 4-hour chart, which is currently on a four-count. A price move back to equilibrium from the wedge's bottom trendline would, by itself, result in approximately a 128% gain. Longer term, if the price breaks out of the monthly chart wedge pattern (see comments below for the chart), which is also currently trading at a four-count, we could see some incredible price appreciation over the next 6 to 9 months. Good luck, and always use a stop-loss!
CRYPTO:MATICUSDLong
by MetaShackle
3
Is SGX Iron Ore Poised for Another Leg Higher?After rallying from the January 7 swing low, iron ore has spent the past week consolidating, forming what looks like a bullish pennant. While price action above the 200-day moving average has been shaky over the past year, traders should watch for a potential topside break in thin Lunar New Year conditions. A break and close above $105.35 could open the door to $107.30, the December 10 swing high. Clearing that may put $108 in focus, with a move beyond strengthening the case for a run towards $114 resistance. RSI (14) has diverged slightly from price, but the bearish signal is offset by the continued uptrend in MACD. Good luck! DS
SGX:FEF2!Long
by FOREXcom
Bitcoin will break support level and continue to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few moments ago rebounded from the support line, which coincided with the support level with the buyer zone and rose to the resistance line. After this, BTC rebounded from this line and dropped back to the support line, breaking the 93400 level, and soon rebounded up, breaking this level one more time. Later BTC rose to the resistance line and then fell to 90850 points, after which made a strong impulse up, breaking the 93400 level with the resistance line too. Then price continued to move up inside Pennant, where it broke the 102700 current support level, made a retest, and then tried to grow more, but failed and made correction below the 102700 level. After this movement, BTC turned back and rose to 109600 points (new ATH) and then made a correction movement one more time. Price fell to the support line of the pennant and then in a short time rose to the resistance line and recently it fell and exited from the pennant. In my opinion, the price can fall to the current support level, break it, and then continue to decline, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
Update on COPPER Futures: Bull PennantI posted an idea on HG1! COMEX:HG1! last year where I identified a channel that futures were trading in and made a plan to trade the copper index fund AMEX:CPER while it was in the channel and trade the Copper miners ETF AMEX:COPX when it broke out to capture asset appreciation as well as dividends. I got long last March in COPX and have been holding. Price has retracted back to the top of the channel and has formed a Bullish Pennant. I have been adding shares as we reached these prior support levels but now I am increasing my position in expectation of this next breakout.
COMEX:HG1!Long
by Notbadchad
Could Cardano Bulls Push Past Pennant To $2 Resistance?!Cardano made an impressive 315% gain from the Low on Nov. 4th/5th @ .32 to the High on Dec. 3rd @ $1.32 following the Pro-Crypto Republican won Presidential Debate with not only BINANCE:ADAUSD seeing this kind of Rally but across the entire Crypto Market! Since that High, Price on Cardano has slipped into a Consolidation of what seems to be a Pennant Pattern with Lower Highs working into Higher Lows. Both Legs of this Triangle still need a 3rd Touch to Validate the Integrity and Existence of both Trend-lines. I would like to see Price make a 3rd Touch of the Rising Support around the ( .95 - .93 ) Range before moving back up to test the Falling Resistance. If Bulls are able to gain enough Support from the Rising Support, it could be enough to give them momentum to make a Bullish Break to the Falling Resistance and based from the Pattern Statistics: - Generate an Extension of the same size of Trend move that came prior to the formation of the Pattern called the "Flagpole" putting the Potential Extension of Price into the $2 Resistance Zone! **Caution: Triangle Patterns are known to fail 1/3 of the time so a Bearish Breakdown of this pattern is still possible. Watch for False Breaks/Breakouts!
COINBASE:ADAUSDLong
by Novi_Fibonacci
1
BITCOIN - Price can continue to move up inside wedge patternHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago, the price declined to support level, after which at once bounced up to resistance area. Then BTC started to decline inside pennant, where it quickly declined from resistance area to support area. After this, price bounced from the pennant's support line, broke the $94200 level, and exited from the pennant pattern. Next, price rose to $102700 points and made a correction move to $90800 points, after which started to grow in wedge. In wedge, BTC rose to $106500 level and even rose higher, reaching a new ATH and then fell back. Now I expect that Bitcoin can correct to support line of wedge and then rise to $112K, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
POLYX Buy Signal Given!Trading Fam, It’s been a bit slow recently so I thought I’d throw out a free alert just to keep you all in the game. We’re getting close to another run here soon. I know, it feels like I have been saying this for weeks. I have. Trading often involves extreme patience. In our case above, POLYX has given us not one but two green dots from my Dots and Blocks indicator inside the liquidity block. This gives me a special confidence that this coin is going to run soon. I would target that double-top at .435, take some off, and let the rest ride. Best of luck. Hey, if you do enter this trade and make some cash, be sure to come back here and let me know in the comments. I love it when my followers find profits. ✌️Stew
Long
by stewdamus
3
HelenP. I Bitcoin can correct to support level and start to growHi folks today I'm prepared for you Bitcoin analytics. In this chart, the price declined to the trend line and then rebounded and started to grow inside the pennant, where it soon reached the support level. After this movement, the price broke this level, which coincided with the support zone and made a retest, after which continued to move up to the resistance level, which coincided with the resistance zone. Then BTC made the small correction, after which in a short time, it rose to the resistance zone and then made a correction movement to the 99500 support level. Next, the price made a strong impulse up to 109560 points (NEW ATH), breaking the resistance level, but soon turned around and dropped back to the trend line. Price some time traded near the trend line and then rose to the resistance zone, after which turned around and started to decline. In a short time, BTC fell to the trend line, broke it, thereby exiting from the pennant pattern also, and then continued to fall. At the moment, the price continues to decline and I expect that BTCUSDT will decline to the support level and then start to grow to the resistance level. For this level, I set my goal at 105800 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
14
Euro will exit from pennant pattern and rise to 1.0400 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time traded inside the range, where it declined to the resistance level, which coincided with the seller zone, and then dropped to the support line, breaking the 1.0460 level. Then price turned around and started to grow near the support line until it reached the resistance level, after which it turned around making an impulse down, breaking the support line, and entering to buyer zone. After this movement, the Euro bounced from the buyer zone and started to grow to the resistance level, but when the price almost rose to this level, it turned around and started to decline inside the pennant pattern. In the pennant, Euro declined to the support line, breaking the support level, after which rebounded and quickly rose to the resistance line of this pattern, breaking the support level one more time. And now, the price continues to trades near this line, so, for this case, I think that the Euro can correct to support line of pennant. Then it will start to grow and even can exit from the pennant, after which continue to move up next. Therefore I set my TP at 1.0400 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
ALGO looks to be setting up nicely for another spectacular move.Algorand is setting up nicely within the bull flag pattern it's currently trading in. Compared to many other coveted cryptos, ALGO's gains have been very reserved compared to its structure (maximum supply). I do believe that we are going to see ALGO outperform on the next leg, as it has some catching up to do, especially when compared to what it has done in past bull run cycles. Good luck, and always use a stop loss!
CRYPTO:ALGOUSDLong
by MetaShackle
2