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Pennant

ASRT: Bullish Pennant (76%), Not confirmedWell, the more I look, the more I see them. Bullish pennants and flags are showing their faces again, and they may be profitable if they confirm. In this case, ASTR has bottomed in 2021 and been climbing steadily ever since. Currently building into a bullish pennant pattern. Why so bullish? Pros: 1- Bullish Pennant forming 2- Post forming with volume 3- Descending volume during pennant forming 4- PPS above 50MA and 200MA 5- RS above 0, but a bit flat 6- R/R ratio above 5 7- 250RSI below 50 8- 50MA above 200MA 9- Both 50MA and 200MA ascending Cons: 1- ATR a bit flat 2- Pattern not confirmed yet. Target price is 10.68$ if this all goes to plan. Again, stay humble, have fun, make money! MAAX!
NASDAQ:ASRTLong
by LeLaf
2
BNBUSDT - Price can break resistance level and continue to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few days ago price broke $329.5 level, but at once started to decline inside from falling channel. And soon Binance Coin fell below support area to $306.5 level, but at once bounced up to area. Also, price made correction to support level again and then bounced higher to $329.5 level. As well Binance Coin started trades inside pennant, but recently price exited from it and fell from $350.0 to support area. Now price trades below $329.5 level and maybe Binance Coin can bounce higher to this level again. Besides, price can make retest or not and continue to rise to $343.5 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
A little RLC can go a long way IExec RLC/BTC I spent yesterday evening looking for tokens/coins that have outperformed or kept on par with their BTC valuations. The obvious ones are MATIC and ETH but I'm looking for other smaller hidden opportunities in the charts. I cam upon RLC, and it might be worth keeping an eye on this. Neutral for now but its coiling. - Forming Pennant - High volume increase from May 2022 - Feb 2023 - Volume lower now but still generally significantly up since this time last year. - During the same period up 150%+ against BTC - low cap 197 rank coin by market cap (High risk) - No longer above the 10 or 12 SMA. this would be ideal as it tends to ride higher off it. - The USD pair is technically in a churning uptrend. IMPORTANT: I used HITBTC Exchange as it highlights or emphasizes the volume increase. On Binance the volume is still pressing gradually up and the that chart i not as stark. HITBTC Exchange is one of the older exchanges where new coins where born. Buys - Bottom of pennant channel (or slightly under) - If we get above 10 day SMA. In the last bull run in 2020/21 I made a killing on this coin from $0.50 to $8. At the time the coin had a lot of promise. It had partnered with IBM, Intel, Ubisoft and Nvidia. At present they are working on an AI offering and this could see the AI promise in the crypto space. But we focus on the chart, the price tells us everything. That's the main indication here. Price over everything. A little background can give the token distinction for memories sake. Lets keep an eye on this one. PUKA
by PukaCharts
2
The Vix TrendThe Trend in the VIX It appears the VIX is bouncing off its lower diagonal support. Historically the VIX does move in diagonals trends, even prior to this one. This chart is self explanatory from a trading perspective. - Double bounces off diagonal support have been good long entries. - Within 1 - 4 weeks of the double bounces there has been large increases in volatility (150%+ moves). This one has capacity for a 60 - 80% move and your risk is 5% to the downside. - The risk reward is reasonable if you are not using leverage or using low leverage (2x or 3x). In general just don't ever use leverage, trust me. - If you are going to use leverage, which i don't recommend be careful and recognize and ensure that the the product on your chart is the same as on the platform you are using. (There are multiple VIX products and they all move a little different). Also please ensure you weight your margin put down 2 :1 or 3:1 to give you ample room to avoid liquidation (stops don't always work on fast moves so we protect against that too). - Honor the dashed orange line. Strength and Honor!! - The orange dashed line means you are leaving with a small loss or your exiting the trade with at least 80% of your original position after making some nice profit. Any move higher than this will mean epic recession and whilst a recession is highly likely within the next 12-18 months, that's a long timeframe in a volatility trade....lets not put our emotions through that. - I would hope that we would have some direction on this trade short term....within 4 to 8 weeks. Major Caveat - I do not trade the VIX however I will trade this set up and I have been haunted this chart for some time. I consider this a highly risky trade and I will only be putting down a small percentage of a percentage of my portfolio. If you are unsure about this trade, please only place a small fraction of what your had already considered. I could not pass up sharing this as it really does look like a reasonable risk to reward and there is a defined pattern from a TA perspective. Good luck to you all PUKA
TVC:VIXLong
by PukaCharts
20
Gold bugs eye a move to the all-time highGold reached a 12-month high and is within striking distance of its all-time high. Its bullish trend has accelerated on the hourly chart and is now consolidating within a potential pennant pattern, which projects a target around 2065. Incidentally this is just beneath the all-time, which is a likely area to witness a pullback due to profit taking. Volumes were rising during the latest rally into the highs and reduced whilst prices consolidate to show strength in the move. Although a slight negative is that the OBV (on balance volume) has not broken to a new high, along with prices. And given the rally stalled around the weekly and monthly R2 pivots, we are equally on guard for a pullback than we are for the rally to extend. - The pennant requires a direct breakout to remain valid, although the reward to risk is undesirable. - If we see a break above 2050, bulls can seek continuation patterns on lower timeframes towards the 2065 target. - Otherwise, bulls can seek bullish setups around the 2030-2032 support zone or bullish trendline which could provide an improved reward to risk ratio.
FX_IDC:XAUUSDLong
by CityIndex
BITCOIN - Price can bounce up and exit from pennantHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few days ago price fell to support area, but backed up to resistance level. Next, Bitcoin declined below area and a few times traded close. Later price made upward impulse, broke $28240 level, and started trades inside from flat. Inside flat Bitcoin traded between $28240 level and even fell to area again, but at once backed up. Also, recently price entered to pennant and bounced up to $31050 point, thereby breaking $29900 level. Now Bitcoin continues trades close to support line and in my mind price can make correction to this line. After this price can bounce up, leave pennant and continue to grow to $31285 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
COINBASE:BTCUSDLong
by WalterMoon
17
DYDX/USDT - bullish pennant with 2-3x potentialDYDX/USDT is showing a very promising bullish setup which will likely break out soon. In this setup we can see a bullish pennant which is shaped like an inverted head and shoulders pattern that's near completion, successful retests of the previous downtrends and price sitting above the previous 2.50 resistance. I really like the look of this setup and expect to see high double digit % returns and potentially even a 2-3x depending on the momentum of the breakout. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - Buy zone: current price range, anywhere near the tip of the pennant or if you prefer a safer approach buy the breakout - Targets are marked in the chart In case of a pattern failure look for support on the dashed trend lines for a potential re-entry. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ I will try to keep this idea updated as the chart develops. Best of luck and let me know what you think!
Long
by Wolfy_
Targets If btc validates the falling wedge breakout here.We can see a falling wedge on btcusd’s 1 day chart and a nice candle break above the top trendline of the wedge with good bullish volume surge confirmation to go with it greatly increasing the probability the breakout of this wedge will be confirmed. If so the full measured move target from the wedge would take price just ever so slightly above the pink neckline. If however this wedge is more valid as a pennant then the second higher target around 31490 will be 100% of the pattern’s measured move. Reaching the pennant target will greatly increase the probability of triggering a breakout of the inv h&s pattern represented here by the pink neckline. A close above both the 1 day 50ma (in orange) as well as the weekly 50ma (not shown here) would also be a very bullish development for bitcoin especially if it can maintain support on those MAs on the follow up daily candle. We have created a gap over the weekend in the CME futures but nothing says we have to absolutely fill that gap. Gap fills are always something to consider but never to expect as a certainty *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Kaspa Daily Bull Flag TargetKaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been open for a couple weeks now. Kaspa has done ~20,000% since May, though, no charts on TradingView currently show it's whole lifespan. If you want a list of reasons why I am so bullish on Kaspa, you check out this Reddit article I wrote. It's a ten minute read and in my opinion, well worth your time: Mega List of Reasons for Kaspa's Growth - For Newcomers
Long
by D-Rock_Anomaly
2