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Pennant

Ripple can decline to 0.5315 points, breaking support levelHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the 0.5180 support level, which coincided with the buyer zone and declined below. Then the price turned around and started to rise in an upward channel, where XRP soon broke the 0.5180 level broke it again and rose to the resistance line of the channel. After this, the price bounced down from this line and declined to the buyer zone, where it exited from the channel and entered to upward pennant, in which Ripple turned around and then it rebounded from the support line and made a strong upward impulse to resistance line, thereby breaking 0.5500 level, which coincided with resistance area. But a not long time ago price rebounded from this line and declined to 0.5500 current support level, and at the moment price trades very close to this level in the resistance area. So, in my mind, Ripple can exit from the pennant, break the support level, and continue to decline. For this reason, I set my target at the 0.5315 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
GOLD - Price can bounce up from support line to $2030 pointsHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it reached resistance line and broke $2020 level, which is located in resistance area. Price exited from channel and started to trades in pennant, in which Gold declined to $2017-2023 resistance area. Then price rose to resistance line of pennant and then continued to decline in this pattern. Gold broke $2020 level and fell to support line of pennant, which coincided with $1990 level and support area. But at once price bounced and started to rise near support line of pennant, and in my mind, Gold can correct to support line. After this, I think XAU can bounce up to $2030, exiting from pennant and breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
TOTAL 3 ~ Potential Breakout in April 2024TOTAL 3 Altcoins minus BTC & ETH ✅Price has broken above the 200 DSMA ✅Price has broken out of the pennant ⏳126th week is 1st April 2024 Earlier today I shared TOTAL 2 which includes CRYPTOCAP:ETH and suggested that including ETH altseason could initiate from Feb/Mar 2024. TOTAL 2 breaking out ahead of TOTAL 3 makes a lot of sense as this is what has happened in prior cycles FIRSTLY, bitcoin leads the whole market like it has been. Secondly, liquidity moves into Layer 1 altcoins like CRYPTOCAP:ETH , CRYPTOCAP:ADA & EURONEXT:ALGO = TOTAL 2 in Feb/Mar Thirdly, liquidity moves into Layer 2 altcoins like CRYPTOCAP:IMX , CRYPTOCAP:MATIC & NASDAQ:OP (TOTAL 3 in Mar/Apr) After that the Memecoins and shxtcoins have their wild runs, which usually coincides with peak euphoria and the end of the bull market or a sizable correction. This is why you leave the gambling with small small positions until later in the cycle for those memecoin plays. I hope this helps you frame the timeline of the market in you mind. It may not happen exactly as outlined with the dates but the sequence will likely be the same so we can watch out for Layer 1's and Layer 2's moment next. PUKA
CRYPTOCAP:TOTAL3
by PukaCharts
1
Is a Rally Brewing? Technicals Signal Bullish Sentiment for AMDAMD Chart Analysis: Potential Bullish Signal on 4-Hour Timeframe I've observed a potential bullish pennant pattern forming on the 4-hour chart for AMD. This pattern often precedes price breakouts, with a target of $230 based on standard technical analysis measurements. However, it's crucial to remember: Technical analysis is not a guarantee of future results: Past performance doesn't predict future outcomes. Consider this pattern as a possibility, not a certainty. Thorough research is essential: Conduct your own research, analyze fundamental factors, and understand the inherent risks involved before making any investment decisions. Risk management is paramount: Always prioritize risk management strategies like stop-loss orders, regardless of technical signals or price targets.
NASDAQ:AMDLong
by ParabolicP
4
Watching to see if we break the up side of a long term triangleNASDAQ:EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140. In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a lot of upside. If $151 is tested and rejected, then we're heading back down to test the lower edge of the triangle. Good Luck!
NASDAQ:EALong
by dzygadlo
ETHEREUM - Price can break resistance level and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Some time ago price traded in flat, where it declined below $2285 support level, which coincided with support area, but soon backed up. Then ETH made strong upward impulse to $2715 points, thereby exiting from flat and starting trades in pennant. In pennant, price at once bounced down from resistance line to support line, making fake breakout of $2540 level. Later ETH bounced from support line and soon rose to resistance line again, and recently broke this line. Thereby price exited of pennant and now price trades very close to resistance level and I think ETH can reach it. After this, possible that Ethereum can break this level, make retest, and continue rise to $2680 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
Bitcoin can little correct and then continue to move upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago traded in the range, where it firstly declined to the 41500 support level, which coincided with the buyer zone, but soon BTC turned around and made impulse up higher than the bottom part of the range, thereby exiting from it. Next, the price entered to the pennant, where it rose to the resistance line, after which it made a strong downward impulse to the support line, thereby breaking two levels - 47000 and 41500. Later price turned around from the support line and in a short time rose higher than the 41500 level, breaking it one more time and little time later BTC reached the resistance line of the pennant and broke it too, exiting from the pennant pattern. After this movement, Bitcoin rose to its current support level, which coincided with the support area, and recently broke it also, after which the price made a retest and continued to move up. At the moment, the price trades near the support area, and in my mind, Bitcoin can correct to the support area, and then BTC will bounce and continue to grow. For this case, I set my target at the 49900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
SUPER ANALYSIS🔴 #SUPER Analysis : ❓❓ 🔮There was a formation of Bullish Pennant Pattern in #SUPER and breakout the pattern with good volume. We may see a rise in #SUPER📈📈 🔰 Current Price: $0.9097 🎯 Target Price:    $1.1652 and more ⚡️What to do ? 👀Keep an eye on #SUPER price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #SUPER  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
I Cannot Short This !!! Hi every one ➡️SOL has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which SOL is in, Is a Bullish flag Pattern ! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement ( Flag pole ) to happen! 🟡 Summery: - SOL has been Bullish Recently! - The odds of another Bullish Movement is High! - Bullish flag is Visible on The chart! - No break out yet! - Bullish Divergence 🤑 Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ 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
6
I Cannot Short This !!! situation+next targets.Hi. COINEX:LSKUSDT -has formed a bullish pennant pattern on the 4-hour timeframe. -A breakout above descending resistance could lead to a pump higher🚀 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
2