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Pennant

Ripple can bounce up from support line of pennant to seller zoneHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price recently started to trades in the range, where soon price declined to the 0.5070 support level, which coincided with the buyer zone and then continued to rise. But when it reached the top part of the range, XRP turned around and declined lower than the 0.5070 level, thereby exiting from the range. After this, the price started to rise in an upward pennant, where it at once rebounded from the support line and rose to 0.5070 level and in a short time broke it one more time. Then XRP some time traded near this level and later made a strong upward impulse to the resistance line of the pennant, breaking the 0.5570 resistance level, but soon price turned around and declined back. Also, price tried to back up to the resistance line, but failed and declined to support line of the pennant. But recently it rebounded from this line and started to rise. So, now I think that Ripple can correct to support line of pennant again and then rebound up to the seller zone, breaking the resistance level. For this case, I set my target at 0.5635 points inside the seller zone. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Oscar Health (OSCR) - Pennant Formation and CoilingCompany info: Oscar Health provides a personalized experience for those seeking affordable healthcare. It offers incentives to its customers to stay healthy, including cash rewards. Oscar offers tailored services and a concierge care team designed to help its members find the medical care and services they need. Technicals: It is again forming a flag and looks poised for a breakout. ADR is high which I like because the breakout can be explosive for the pennant. Ideally, a strong 1st hour today can be the catalyst to propel it higher. Will update price targets as we go along. Goodluck!
NYSE:OSCRLong
by Kemsdale
Binance Coin can exit from pennant and rise to 270 levelHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few time ago traded in a range, where it two time fell to the buyer zone, which coincided with the support level. In a second try, BNB rebounded from this zone and rose to the top part of the range, after which turned around and in a short time declined back, thereby exiting from range and breaking 297 one more time. Then the price started to rise in an upward channel, where soon, BNB rose higher than the 297 level and later made a correction movement to this level, which coincided with the support line of the channel. Next, the price bounced from this line and continued to move up in the channel to the resistance line, but when it reached this it, BNB rebounded, entered to the pennant, and made a strong upward impulse to the resistance line of this pattern, thereby exiting from the channel and breaking 350 level, which coincided with support area. But a not long time ago price rebounded from this line and declined to support area. At the moment, BNB trades near the resistance line of the pennant and I think that the price can fall to the support area and then continue to move up, thereby exiting from the pennant. For this reason, I set Take Profit at the 270 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Bitcoin can make correction movement to 48900, exiting of rangeHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago made downward impulse from resistance line of the pennant to 41500 support level, which coincided with buyer zone. After this movement, BTC some time traded near this level, after which in a short time price broke this level and declined to support line of pennant. Then BTC turned around from support line and started to grow to 41500 support level. Soon, the price broke this level one more time and continued to move up to the resistance line of pennant, and after reached this line, BTC fell to the support line and then made a strong upward impulse to 48900 level, which coincided with the support area, thereby exiting from the pennant. In a short time later, price broke 48900 level, made retest and rose a little higher, but a not long time ago it started to trades in range, where price continues to trades to this day. In my mind, Bitcoin can decline to the bottom part of the range, then make little movement up, after which continue to fall to the current support level, thereby exiting from range. For this reason, I set two targets, first target at the 50600 level, and second - at the 48900 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
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