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Pennant

Ethereum Bullish Penant Reforming... Price Target 10-18kMacro log perspective on ETHUSD shows a massive bull pennant forming since April 20, 2017 Pole height: ~$400 Breakout around ~$350 (conservative) Price target: $750 Major support: $300 Data From ptk921 Real Height: $1400 History is repating itself Macro log perspective on ETHUSD shows a massive bull pennant forming since November 30, 2021 Pole height: ~$4800 Breakout around ~$3750 (conservative) Price target: $10-18k Major support: $3000 Realistic Height: $14000 The Fib Retracement Illustrates this perfectly. Solid R:R Here
COINBASE:ETHUSDLong
by martinusgjertsen33
1
MV/USD | Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # MV/USD | Stock Quote - Double Formation * 0.00950 USD | Completed Survey & Entry Settings * Pennant Structure | 012345 & Wave Count | Subdivision 1 - Triple Formation * Numbered Retracement | Uptrend Bias | Subdivision 2 * 012345 | Wave Entry | 0.01800 USD | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:MVUSDLong
by TradePolitics
30minutes | Bitcoin | Analysis | 25/12/2024Asalam.o.alaikum (Hi) Community, Merry Chirstmas to you! Hope you are fine and doing all of your great, so about yesterday analysis, we have seen exactly formations of IFC's and fulfilling all the demand that was conflicted in previous days. So for today we can see the recovery of unconditional bull move as following: Bullish Yesterday, we measured the very fast bull move, it seems like bull wants to gain the profit as soon as possible (quickly). But remember bull move speed is not fast as we are seeing, bull speed always remains slow as compared to bearish one. So, If market breaks the Volume Charging Triangle upside without any retest, the formation of huge IFC's will continues happening and we can see the rejection/reversal upon the mentioned upside area. Bearish If talk about the confirmation, we have many evidence for bearish move. Like in Weekly time frame there is proper sell indication as bull investor interest lies upon maximum bottom price area. Similarly, in Daily timeframe market is facing the supply, as well as in 30mins. But remember we are at the central area of the market so it's quite unfair area for the entry. So we have these key levels. Let measure the upcoming move. Cheers, Thanks! Intikhab Gillani MOCHH Analyst (Ultra Securities & Hedge Funds PvT Limited Pakistan) 25/12/2024
COINBASE:BTCUSD
by IntikhabGillaniACCA
GOLD - Price can correct to support line and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price made upward impulse and reached $2670 resistance level, which coincided with resistance zone. Next, price broke this level, and entered to triangle, where it declined to $2605 support level, breaking $2670 level. In triangle, price trades tried to back up, but failed and fell below support line, exiting from triangle pattern. Then Gold in a short time rose to $2726 points, breaking resistance level, after which started to decline inside pennant. Inside this pattern, price declined to $2583 points, breaking $2670 and $2605 levels, but recently broke $2605 level again. I think that Gold can decline to support line and then bounce up to $2660, leaving pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
Bitcoin can leave pennant and then rise to resistance levelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price entered to upward channel, where it soon reached the 94500 support level and then broke it. Next, the price made a retest and then tried to grow more, but later turned around and made a correction below a support level, after which in a short time, it backed up. Then BTC some time traded near the support level and later rose to the seller zone, where it at once turned around and rebounded down until to 90500 points. But soon, BTC backed up to the channel and then started to grow to a 103000 resistance level. When it reached this level, the price broke it and soon reached the resistance line of the channel, then it exited and rose to 108300 points, after which turned around and made a downward impulse inside the downward pennant. In this pattern, the price broke 103000 with 94500 levels and reached the support line of the pennant, which is located inside the buyer zone. Then price bounced up from this area and a not long time ago fell back and then rose to the resistance line of the pennant. Now, the price continues to trades near this line and I expect that the price can little decline below the resistance line. Then it started to grow to 103000 resistance level, thereby exiting from the pennant. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
$ETH to $6.45k USD - 2024's Crescendo CRYPTOCAP:ETH is showing strong signs of an impending breakout to the $6.4k–$8k range, backed by two key technical indicators: Cup & Handle Formation: ETH has recently broken out of a textbook cup and handle pattern, confirming the breakout with a solid retest over this past week of VOL. This is a classic bullish signal pointing to higher targets. Bull Pennant: Since the 2021 rally, ETH has been consolidating within a massive bull pennant. This long-term structure suggests Ethereum is coiled and ready for a significant move upward. 1.618 Fib: Also layering in a Fibonacci retrace, if ETH is indeed heading for ATHs and price discovery, the 1.618 FIB is a common level that traders are very familiar with. It just so happens to be right in the middle of our target box at ~$7k! Momentum is building— we will need to keep an eye on volume and follow-through for confirmation. To boot, bearish sentiment for ETH is near all time highs. I think it might be time for a most-hated rally. I have a short term allocation in AMEX:ETHT to ride this momentum, NFA DYOR
BITSTAMP:ETHUSDLong
by httpz
26
NASDAQ - Trading Complex Pullbacks & Pennant PatternsThis video will teach you how to trade complex pullbacks. Concepts include: how to properly read a trend, breakout patterns, structure recognition & different entry techniques. From the fundamental side, we also examine how recent economic events, such as the FOMC Interest Rate decision, US government shutdown threats, and the Santa Clause Rally, have affected the markets. I wish you all a safe & happy holiday season! Akil
OANDA:NAS100USDLong
by Akil_Stokes
The last bullish chance of XRP in Mid term!The price has formed a bullish flag on the 4-H time frame, and if it breaks out, it can drive the price up to around $2.9 . This is expected to happen in the new year. I don't know why this coin reminds me of BNB!!! Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
HelenP. I Gold can rise a little and then drop to $2590Hi folks today I'm prepared for you Gold analytics. Some days ago price made a gap and then reached the support level, which coincided with the support zone. Then XAU broke this level and continued to move up to the resistance level, which coincided with the resistance zone and soon broke it too. Next, the price rose to 2720 points and then made an impulse down, breaking the resistance level, after which tried to back up, but failed and some time traded below the 2665 level. Some time later, Gold reached the resistance level again and finally broke it one more time, after which rose to the trend line. Then the price turned around and started to decline inside a downward pennant, where it soon dropped to the resistance level and broke it again. Then Gold fell to the support zone, after which turned around and tried to grow but failed and dropped back to the support zone. Recently price finally started to grow and reached an even trend line, which continues to trades close. For this case, I expect that XAUUSD will make a small move up, higher than the trend line, and then start to decline. For this reason, I set my goal at a 2590 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
Merchants Bancorp/IN | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Merchants Bancorp/IN - Double Formation * Pennant Structure | Area Of Value | Subdivision 1 * Retracement 1 | Not Numbered - Triple Formation * 012345 | Wave Count Valid | 345 Template Ongoing Entry * Retracment 2 | Numbered | Subdivision 2 * Daily Time Frame | Behavioural Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:MBIN
by TradePolitics
Heartland Express Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Heartland Express Inc. - Double Formation * 12.50 USD | Survey value Area | Subdivision 1 * Retracement 1 | Not Numbered | Subdivision 2 - Triple Formation * ((Pennant Structure)) | Downtrend Continuation * 012345 | Waves Survey Valid * Retracement 2 | 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:HTLDShort
by TradePolitics
EURO - Price can bounce up from support level to $1.0650Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined inside falling channel, where it fell from resistance line to $1.0765 level. Then price rose to resistance line of channel, making first gap and then making a downward impulse, exiting from channel. Also then, EUR continued to decline inside a downward pennant, where it broke $1.0765 level and later fell to $1.0470 level. Next, price declined to support line of pennant, after which made a second gap and rose to resistance line of pennant, After this, Euro declined to $1.0470 level and some time traded near, but now it trades close support line. Possible, price can fall to support level, exiting from pennant and then bounce up to $1.0650 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1