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Pennant

Gold is currently testing the neckline of a doublebottom patternOn the 4hr-1day charts we can see gold has broken up from a bull pennant. It is now finding resistance exactly at the top trendline of the yellow channel. This trendline also qualifies as a double bottom neckline. Based on the measured move target of the green bull pennant…price action should break well above the double bottom neckline which makes probability high that the double bottom bullish breakout will also be validated. Here on this current chart I have included both the measured move target for the pennant (green dotted line) as well as a rough estimate for the measured move target of the double bottom pattern (dotted yellow trendline) *not financial advice*
OANDA:XAUUSD
by DrDovetail
Bullish or Bearish BTCOk so first off we need to check our emotions right now, remember there are 2ways this thing can go and you just got to be ready when it does! I have seen everyone and I mean everyone showing this bull flag we’ve got in front of us but thus far I haven’t seen anybody showing this possible reversal diamond pattern it is forming. So does that mean everyone is finally now on the bullish train? We’ve seen what happens in the past if so. Anyhow just keep an open mind and trade safe everyone!
BITFINEX:BTCUSD
by CryptoCainestrades
1
EURO - Price can make correction and then continue to growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Inside falling channel price declined to support area which coincide with $1.0545 support level. As well, price broke $1.0685 level and later bounced from area and tried to back up. After this Euro left channel and a few times traded between resistance level and support area. But when price fell to support line, it made strong upward impulse to $1.0930 point, thereby breaking $1.0685 level. Also, Euro started moving inside pennant and later made fake breakout, but at once bounce back and broke $1.0835 At the moment price trades very close to support line and in my mind, it can make correction below. Then Euro can continue to rise to $1.1070 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
9
DOGE - Forming a bull pennant! Here's a quick look at the 30 min DOGE chart. Following a significant upward movement, the price has entered a phase of consolidation, resulting in the formation of a large bull pennant. A bull pennant is a bullish continuation pattern that typically has a 70% chance of breaking to the upside. Should this bull pennant be breached, it would suggest a continuation of the bullish trend, and as such, it is advisable to monitor this development closely. ------------------------------------------- The idea is: Buy when the price breaks above 0.1022$ and take profits at the levels shown in the chart. Targets: 1. 0.1033$ 2. 0.1048$ 3. 0.1100$ ------------------------------------------- With regards to Altcoins: ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Long
by MBM_Crypto
4
BTC Shorts, Time to shine with shortsBitcoin is one of the crypto assets that has the largest capitalization with a total dominance of more than 45% compared to the market capitalization of other crypto assets. Technically, Bitcoin will decline to its small support area at $27,300 and then make a lower high at $28,000. The decline that will occur this week is predicted to be only 2.65%. It is better to wait for confirmation of purchase at the price of the strongest support at $ 26,000.
INDEX:BTCUSDShort
by Cozybanana78
1
AGIX Short, Artificial Intelligence FOMO has been endSingularityNET is an AI project that uses blockchain to create, share and monetize AI in the marketplace. This project has a very significant impact after the issue of narrative a few months ago about ChatGPT. Everyone is optimistic about Artificial Intelligence including AI projects running on the blockchain. For now, agix tends to experience a potential for continued decline, this is due to FOMO regarding the AI project some time ago. Currently AGIX has formed and has confirmed a bearish penant. For the nearest support target at the price of $ 0.355 with a decrease percentage of 12.93%. It would be nice to wait for the support price.
AShort
by Cozybanana78
1
BNBUSDT - Price can bounce of support line and start to riseHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 When price started trading inside falling channel, it declined to $265.0 point and broke $286.5 support level. Also, Binance Coin started trades inside pennant, but soon exited from it and bounced up to resistance area. Then price made a little correction and continued to rise to $347.5 point, thereby breaking $319.5 level. After this price fell back to area inside falling channel and later broke $319.5 level again. At the moment Binance Coin trades close to support line and maybe price can make correction to it. As well I think price can bounce up to $330.0 level, thereby 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
XAUUSD UPDATE...↪️GOLD is trading in an Uptrend but the price is auctioning in a Bullish pennant chart pattern, which is indicating a sheer volatility contraction ahead of Fed’s preferred inflation tool. Gold bears aren’t off the table as central bankers remain ready for more rate hikes, if needed to tame the inflation woes. Technically, The price is about to retrace back to the support area around the 1960_70 level and the bullish reaction will follow-up. Therefore we are bullish On Gold and we are expecting It to test the 2000 area...Trade safe 👍✅
G
by linofx1
6
Soon...All time highWe see a golden cross about a month ago and recently the 9ema x the 50 sma, in addition to the 20 ema crossing the 50 sma. With all the MAs in order and the ADX signalling a strong trend (38) we see a series of bullish pennants each breaking out to approximately the range of the "flag pole" , as they should. (5.77% .5.46%) Looking for the pattern to continue with the current bullish pennant breaking out to approximately 2170 in the near term, which would be an all time high.
FX:XAUUSDLong
by Master_of_Fine_Charts
Bitcoin's future with GDP day: Will the bulls or bears dominate?Bitcoin Performed both upside an downside sweep and now its trying to make its main move. with the 3 leg strategy this should be a pump- lots of bull signs which I talked about in video I also talked about my own bearish bias and why I think this is a jebait Lots of liquidation cluster to the downside. The Big H&S that Ive mentioned in 2 previous video is still in play Thanks for watching Please support me by Follow,Boost,Comment and Sharing
BINANCE:BTCUSD.PShort
by pcmonk
EURO - Price can exit from pennant and fall to $1.0705 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price broke support line, it started trades inside a big falling channel and declined to support area. Inside channel Euro tried to rise, but failed, and after channel price started to rise. Reaching $1.0760 point, price fell to support area and made strong upward impulse to $1.0930 level. As well Euro broke $1.0780 level and now trades close to resistance line inside pennant. Possibly price can bounce down of resistance line and start to decline. Also, Euro can exit from pennant, try to break support level, and decline to $1.0705 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
21
GOLD - Price can make correction and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Inside flat price made two fake breakouts and on second break price started to decline. Price declined to $1865 level and started to move inside falling channel, thereby exiting from flat. In channel, Gold fell to $1810 level and then a few times traded between two levels. But soon price bounced from support level and made upward impulse to $2010 point, thereby breaking two levels. Also, Gold started trades inside pennant, but a not long time ago exited from it, and now trades close. I think price can maybe make correction to support level and then start to rise to $1990 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
13
Bitcoin - No one talks about this trendline, last wave up! Bitcoin is appraoching an extremely strong resistance at around 30k. The chance of crash from this level is extremely high! We can see that the uptrend from 20k to almost 30k in March is steep and without any major corrections. From the Elliott Wave perspective I expect last fifth wave to the upside to complete an impulse wave. We can find a resistance at the major trendline that you can see on the chart, or you can call it a broadening wedge. If you open a short position slightly below 30k, then what is the profit target? 0.618 FIB and POC of the previous structure is at 23k. If you want to take profit earlier than 0.382 FIB at around 25k is the next option because it is also a strong horizontal resistance on the weekly chart. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If we take a look at the RSI indicator on the daily chart, we can be sure that after the final impulse wave the indicator will be oversold, so this is probably not the best time to buy/long at this point. In my opinion, a CRASH to 15k is probable later this year, maybe in September / October, so be prepared for it because this will be the best time for an investment position with a target of around 150k! I took a look at all major altcoins on major exchanges and I can tell you that 95% of them looks totally bearish on the highest timeframe, the bottom is definitely not in for them. This is my game plan for Bitcoin at this moment as I said I expect one last wave to the upside before a huge crash. I am not going to long or buy Bitcoin at this point after this pump because it's of course dangerous and we have a lot of unfilled GAPs below the current price. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
111
GOLD - Price can bounce of resistance line and fall to $1965Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 After price bounced from resistance area, it fell to $1920 and started trades inside in wedge. Inside wedge Gold broke $1885 and declined to $1820 level and tried to rise, but failed. Then price fell to support area and tried to rise again, but declined back. Later Gold made strong upward impulse to $2010 level, thereby breaking $1885 and $1955 levels. A not long time ago price started trading inside pennant and fell below support area, but at once back. Now Gold trades near resistance line and maybe price can bounce down from it to $1965 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
8
EURO - Price can bounce down of resistance line and start fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price bounced from $1.0775 level to $1.1030 level and then started to decline. When price declined, it broke $1.0775 support level and started moving inside a falling channel. Also, Euro tried to back up, but fell lower to $1.0530 level and later bounced up, thereby exiting from channel. A not long time ago price reached $1.0760 and made downward impulse below $1.0575 support level, but at once backed up. As well Euro started trading inside rising pennant and a few moments ago broke $1.0775 level. Possibly price can bounce of resistance line and then start to decline to $1.0665 level, thereby breaking support level and exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
12
To 1$ this time?Ftm looks so good in daily chart after consolidated a bullish flag pattern We can see the upper side of the flage is gather with 0.618 golden fib level in a point we called a confluence point Confluence point is a zone which many resistance gatherd in and it require a huge liquidity to break it We can see many trials to break this point in daily chart...we can see Ftm raise to 1 $ after breakout the upper side of the bullish flag Don't forget to support us with ur like, comment and follow for more ideas and updates🎯
by ceciliones
21