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Pennant

Monster Weekly Breakout?ASTS is forming a bullish pennant on the weekly chart, characterized by a pullback on declining volume after a strong impulse move. The stock recently made a high near $25 and is consolidating in a tightening range, indicating a potential continuation pattern. The declining volume during this pullback suggests sellers are weakening, while buyers are likely waiting for a breakout confirmation. Trade Plan: • Entry Trigger: A weekly close above $25 will confirm the breakout from the pennant and signal bullish continuation. • Price Target: First target at $30, aligning with the measured move projection from the initial leg of the rally. • Stop Loss: Below $23, to protect against a failed breakout and trend reversal.
NASDAQ:ASTSLong
by TheBullandBearLounge
Euro can drop to support level, exiting from pennantHello traders, I want share with you my opinion about Euro. When analyzing the chart, it’s clear that the price initially climbed to the resistance level, which overlapped with the seller zone, but immediately bounced back and dropped to the support level. Shortly after, the Euro broke through the support level, falling below the buyer zone. However, it quickly reversed and began rising within an upward channel. Within this channel, the Euro broke the 1.0265 support level and performed a retest, consolidating near that level for a while before continuing its upward momentum. Eventually, the Euro reached the resistance level, broke through it, and moved up to the resistance line of the channel, ultimately exiting the channel. Afterward, the price formed its first gap and started declining within a pennant pattern, where it soon broke the 1.0435 resistance level. Later, the price created a strong second gap, dropped below the support level, and hit the pennant's support line. From there, the Euro began rising again, breaking the support level once more and climbing back to the resistance level. However, not long ago, the price fell back to the pennant’s support line, creating a third gap. In my view, the Euro can attempt to rise to 1.0360 before dropping back to the support level and exiting the pennant pattern. For this reason, I’ve set my take-profit target at the 1.0265 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
$XCN BULLISH PENNANT CLOSING This is a pretty obvious Bullish Pennant. Its noticable on all time frames but the 6 hour provided a little more detail. Now, In theory, this should break to the upside (which is starting to happen right now), but we all know that market fluctuations are most determined by the emotional whims of society and CRYPTOCAP:BTC 's bi-polar reactions so anything could happen. All im saying is, this should be watched closely, and if its breaks north, expect a bull run. Not financial advice.....
COINBASE:XCNUSD
by BryanNola504
7
ETH is trying to get back into the falling wedge !Hello Traders 🐺, First of all, I want to thank you all for your incredible support recently! My last idea about ETH is going absolutely viral , and now I’ve decided to share a quick update on the short-term price movement. As you can see in the picture above, ETH is currently below an orange resistance line and above a key support level , which, in my personal humble opinion, could be very bullish for the following reasons: 1️⃣ A falling wedge is usually considered a bullish pattern , but what makes it extremely bullish ? When the price breaks below the falling wedge’s support line and comes back into it with a huge wick to the downside. 💡 But why is that bullish? Because it can be considered a bear trap , shaking out weak hands, and showing us that the bulls are here and ready to take control. This could result in a strong move to the upside. 📈 As you might know, the price target for a falling wedge is typically the top of the wedge , which in this case is around $4,000 . 2️⃣ The second reason is very simple , and we already discussed it in my previous idea about BTC.D (you can find the link below this idea). So, make sure to read it carefully because the overall condition of altcoins depends on it. 📌 Also, I plan to publish a new update about BTC.D in the near future , so make sure to follow me for upcoming updates! ( this is not a financial advice ! )
Long
by Kiu_Coin
1
Breaking: $FLARE Soars 16.71% Amidst Bullish Flag PatternThe cryptocurrency market is no stranger to volatility, but Flare Network’s native token, NYSE:FLR , is making waves with a remarkable 16.71% surge today. Despite the broader crypto landscape remaining bearish, NYSE:FLR is defying the odds, showcasing strong technical and fundamental indicators that suggest further upside potential. Let’s dive into the details of what’s driving this surge and why NYSE:FLR could be poised for a breakout. Technical Analysis NYSE:FLR is currently forming a bullish flag pattern, a continuation signal that often precedes a significant upward move. The pattern is characterized by a sharp rise (the flagpole) followed by a period of consolidation (the flag). For NYSE:FLR , the flagpole was the recent surge, and the consolidation phase is now underway. A breakout above the flag’s ceiling could trigger a 70% surge, targeting the psychological resistance level of $0.038. This would mark a decisive move for NYSE:FLR , potentially attracting more buyers and fueling further gains. The Relative Strength Index (RSI) for NYSE:FLR is currently at 44.98, which is neither overbought nor oversold. This suggests that there is ample room for upward momentum before the token enters overbought territory. A rising RSI could accompany the breakout, confirming the strength of the move. The 24-hour trading volume of $35.9 million and a market cap of $1.33 billion indicate strong liquidity and investor interest. The recent price surge has likely caught the attention of traders, further boosting momentum. Flare Network’s Unique Value Proposition Flare is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain designed to enhance blockchain utility. Its unique architecture allows developers to access high-integrity data from other chains and the internet, enabling new use cases and monetization models. One of Flare’s standout features is its ability to provide decentralized access to data from external sources. Flare allows dApps to serve multiple blockchains through a single deployment, reducing fragmentation and increasing efficiency. With a market cap exceeding $1 billion, Flare has firmly established itself as a significant player in the crypto market. Conclusion: A Breakout in the Making? NYSE:FLR ’s recent surge and technical setup indicate that the token could be on the verge of a major breakout. The bullish flag pattern, combined with strong fundamentals, makes NYSE:FLR a compelling asset in the current market environment. As always, it’s essential to conduct your own research and consider your risk tolerance before investing. But one thing is clear: NYSE:FLR is a token to watch as it continues to defy market trends and carve out its niche in the crypto ecosystem.
COINBASE:FLRUSDLong
by DEXWireNews
HelenP. I Euro will correct to support level and then start growHi folks today I'm prepared for you Euro analytics. Some time ago, the price rose close to the resistance level but then made a small correction. After that, it quickly climbed to the resistance level again. The Euro broke this level, which coincided with the resistance zone, and traded near it for some time before breaking it once more and starting to decline. In a short time, the price dropped to 1.0380 and then rebounded back to the resistance level, after which it reversed and continued to decline. Soon, the price reached the support level, which coincided with the support zone, broke it, and made a strong gap down, falling to the trend line. Then, the Euro started to move up within a pennant pattern, where the trend line acted as a support. Soon, the Euro reached the support level and broke it once again, then made a retest and continued moving higher. Later, it climbed to the resistance line of the pennant pattern, turned around, and quickly fell to the support level before resuming its upward movement. Currently, the price is trading near the trend line, and I expect EURUSD, after a break out of the pennant, to correct to the support level. After that, it may reverse and start rising toward the resistance level. In this scenario, my target is set at 1.0465 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
EURO - Price can leave pennant and rise to $1.0500 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel and soon reached resistance line, after which fell below. Next, price rose to $1.0455 level, and then corrected to support line, after which bounced up and broke $1.0455 level. Then Euro reached resistance line of channel and then started to decline, making a first gap and dropped to resistance area. Price exited from channel, breaking $1.0455 level, and continued to fall inside pennant, where it fell to $1.0210 points. Before this, price made a strong second gap, and then quickly rose to resistance line breaking $1.0455 level. I think that Euro can bounce up from pennant to $1.0500, breaking resistance level and exiting from this pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
Bitcoin can continue to fall in downward channel to 92K pointsHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined from the support level a little below and then started to grow inside the upward pennant, where it at once broke the support level again and continued to move up. Later BTC reached a resistance level, which coincided with the seller zone, and even rose, breaking this level to 108700 points and then turning around. Price fell below the resistance level, but soon backed up and some time traded between this level until it reached the resistance line of the pennant and then started to decline. In a short time, the price fell below the resistance level, breaking it, and soon exited from the pennant also, after which continued to move down inside the downward channel. In the channel BTC rebounded from the support line and rose to the seller zone, where it some time traded and then continued to decline, breaking the 104500 resistance level again. Bitcoin fell into the buyer zone, where it turned around and made a strong impulse up to the resistance line of the channel. And recently price bounced from this line and continued to move down. So, I think that Bitcoin can move up and then fall lower than the support level, breaking it. For this case, I set my TP at 92K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
TON/USDT: How to Act in the Market When Panic Takes Over?Crypto Panic or Manipulation? A Deep Market Breakdown 🔥 Hello everyone, this is Ronin! The last two trading days have been a real test for investors and traders in the cryptocurrency market. 📉 We witnessed a massive wave of liquidations, which literally crashed altcoins. Looking at the numbers: Most assets dropped by 10–30%. Some coins lost 50% of their value. The total crypto market capitalization shrank by more than 10% in just a few days. We haven’t seen a crash like this in a long time. 📉💥 What Are Analysts Saying? According to most experts, the main reason for this decline was the new trade sanctions imposed by Donald Trump against Canada and Mexico. These sanctions allegedly led to an overall deterioration of the economic climate, causing capital to flow out of risk assets, including cryptocurrencies. But is that really the case? My Perspective: What Really Happened? I can’t say with 100% certainty, but my decade of experience tells me otherwise. What we saw over the weekend was nothing more than crypto panic and large-scale market manipulation. 🔹 Why do I believe this? The sanctions have no direct or indirect impact on the crypto market. The key factor was the psychological state of market participants. Friday was extremely positive: the Fear and Greed Index was in the "greed" zone, and ETF funds recorded record capital inflows. The Fed left interest rates unchanged, which the market viewed more positively than negatively. However, by the weekend, we saw massive sell-offs. The logic is simple: big players took advantage of the news cycle to wipe out market liquidity. 💸 The Hardest Hit: TON 💎 TON (The Open Network) is one of the most promising blockchain projects, closely tied to the Telegram ecosystem. And here’s the question: Is there any real reason for TON to be this undervalued? ❌ The answer is a definite NO! For comparison: Even when Telegram’s founder, Pavel Durov, was arrested in France, the risks for the project were much higher, yet the price never dropped below $4. However, on Sunday night, the price plummeted to $3 – with no real fundamental reason behind it. 📌 If that’s not manipulation, then what is? What Do the Stats Say? 📊 More than $2 billion in liquidations occurred in a single trading day. 💥 This was one of the largest liquidation events in the history of the crypto market. If you check CoinGlass, you’ll see a massive imbalance in liquidations between buyers and sellers. Big players literally wiped out everyone who was leveraged long. What’s Next? Where Is the Market Headed? As the saying goes: "Buy when everyone is selling, and sell when everyone is buying." Right now: ✅ Everyone is selling. ✅ The market is in panic mode. ✅ Big players have wiped out overleveraged long positions. What should you do in this situation? 🤔 Personally, my average entry on TON is $5. I bought 40,000 tokens, and yes – the drawdown is significant. I had the temptation to close my position, wait for the bottom, and re-enter, but then I remembered one of the golden rules of the market: 💡 If everyone is selling, it’s time to buy! So not only did I NOT close my position, but I increased it. Conclusion: What to Expect Next? 📌 This was an artificial correction – a manipulation aimed at liquidating overloaded positions. 📌 The coming days will show a recovery, especially if volumes begin to rise. 📌 Market psychology is a key factor. When the market is in panic mode, big players are accumulating assets at low prices. I will continue to publish updates on my TON position and other cryptocurrencies. If you’re interested in my strategy for recovering from this deep drawdown, follow my profile on TradingView. 🚀 In upcoming articles, we’ll analyze other coins and provide a microeconomic breakdown of projects in similar situations. This has been Ronin – stay tuned for updates! There's a lot more to come. 🎯
Long
by StarTradePro
Euro could rise to 1.0560 points within the wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded near the seller zone, which coincided with the resistance level and when it moved up, it at once turned around and dropped to the 1.0350 level, breaking the resistance level. Then price started to grow inside the pennant, where it rose higher than the resistance level again, making a gap and later even reaching the resistance line of the pennant pattern. After this movement, the Euro started to decline and quickly fell to the support line of the pennant, breaking the 1.0510 level and soon it exited from the pennant pattern and then fell to the support level, which coincided with the buyer zone. Then the price rose a little and dropped to 1.0220 points, breaking the support level too. But soon, the Euro turned around and made impulse up, breaking the support level again and even later started to trades inside the wedge. In this pattern price first made a correction to the support line and then in a short time rose back to the support level, broke it, and continued to move up. Later price reached a resistance level, but a not long time ago it rebounded and fell to the support line, which recently bounced and started to grow. So, in my opinion, the Euro can continue to move up in wedge to resistance line, breaking resistance level. For this reason, I set my TP near the resistance line, at 1.0560 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
XCN is likely to pullback upwards of 40% in the short-term.XCN has been on an absolute tear as of late. Although price action has been incredibly bullish, it is very likely to pull back by upwards of 40% in the short term on the wave four count, reaching the bottom of the bullish wedge pattern before making a significant move to the upside. These bullish moves generally—but not always—comprise a five-wave count within these wedge patterns before making big upside moves, and XCN is currently at or near the top of wave three. As with anything in trading, this isn't guaranteed, but it is probably more likely than continuing up and breaking out on the wave three count. Therefore, there may be an opportunity for lower-priced entries in the coming days or weeks. Overall, I'm bullish on XCN, but this perspective is just something to consider. Good luck, and always use a stop-loss!
CRYPTO:XCNUSD
by MetaShackle
XPR looks to be setting up for a big move to the upside soon!The XPR chart (not to be confused with XRP) is looking fantastic right now, and the upper wedge that the price is currently trading in closely resembles the lower wedge from the initial breakout. The Gaussian channel is cinching up as the wedge runs out of real estate. As a speculative play, XPR could very well make a move similar to the one XCN recently made, generating a 5X return—or perhaps even a 10X if enough momentum rolls in. Good luck, and always use a stop-loss!
CRYPTO:XPRUSDLong
by MetaShackle
1
MATIC returning to equilibrium would be a 128% gain from here!MATIC is looking extremely undervalued at current levels. The price has pulled back considerably since the "Trump election pump" and is forming a nice wedge on the 4-hour chart, which is currently on a four-count. A price move back to equilibrium from the wedge's bottom trendline would, by itself, result in approximately a 128% gain. Longer term, if the price breaks out of the monthly chart wedge pattern (see comments below for the chart), which is also currently trading at a four-count, we could see some incredible price appreciation over the next 6 to 9 months. Good luck, and always use a stop-loss!
CRYPTO:MATICUSDLong
by MetaShackle
3
Is SGX Iron Ore Poised for Another Leg Higher?After rallying from the January 7 swing low, iron ore has spent the past week consolidating, forming what looks like a bullish pennant. While price action above the 200-day moving average has been shaky over the past year, traders should watch for a potential topside break in thin Lunar New Year conditions. A break and close above $105.35 could open the door to $107.30, the December 10 swing high. Clearing that may put $108 in focus, with a move beyond strengthening the case for a run towards $114 resistance. RSI (14) has diverged slightly from price, but the bearish signal is offset by the continued uptrend in MACD. Good luck! DS
SGX:FEF2!Long
by FOREXcom
Bitcoin will break support level and continue to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few moments ago rebounded from the support line, which coincided with the support level with the buyer zone and rose to the resistance line. After this, BTC rebounded from this line and dropped back to the support line, breaking the 93400 level, and soon rebounded up, breaking this level one more time. Later BTC rose to the resistance line and then fell to 90850 points, after which made a strong impulse up, breaking the 93400 level with the resistance line too. Then price continued to move up inside Pennant, where it broke the 102700 current support level, made a retest, and then tried to grow more, but failed and made correction below the 102700 level. After this movement, BTC turned back and rose to 109600 points (new ATH) and then made a correction movement one more time. Price fell to the support line of the pennant and then in a short time rose to the resistance line and recently it fell and exited from the pennant. In my opinion, the price can fall to the current support level, break it, and then continue to decline, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
Update on COPPER Futures: Bull PennantI posted an idea on HG1! COMEX:HG1! last year where I identified a channel that futures were trading in and made a plan to trade the copper index fund AMEX:CPER while it was in the channel and trade the Copper miners ETF AMEX:COPX when it broke out to capture asset appreciation as well as dividends. I got long last March in COPX and have been holding. Price has retracted back to the top of the channel and has formed a Bullish Pennant. I have been adding shares as we reached these prior support levels but now I am increasing my position in expectation of this next breakout.
COMEX:HG1!Long
by Notbadchad
Could Cardano Bulls Push Past Pennant To $2 Resistance?!Cardano made an impressive 315% gain from the Low on Nov. 4th/5th @ .32 to the High on Dec. 3rd @ $1.32 following the Pro-Crypto Republican won Presidential Debate with not only BINANCE:ADAUSD seeing this kind of Rally but across the entire Crypto Market! Since that High, Price on Cardano has slipped into a Consolidation of what seems to be a Pennant Pattern with Lower Highs working into Higher Lows. Both Legs of this Triangle still need a 3rd Touch to Validate the Integrity and Existence of both Trend-lines. I would like to see Price make a 3rd Touch of the Rising Support around the ( .95 - .93 ) Range before moving back up to test the Falling Resistance. If Bulls are able to gain enough Support from the Rising Support, it could be enough to give them momentum to make a Bullish Break to the Falling Resistance and based from the Pattern Statistics: - Generate an Extension of the same size of Trend move that came prior to the formation of the Pattern called the "Flagpole" putting the Potential Extension of Price into the $2 Resistance Zone! **Caution: Triangle Patterns are known to fail 1/3 of the time so a Bearish Breakdown of this pattern is still possible. Watch for False Breaks/Breakouts!
COINBASE:ADAUSDLong
by Novi_Fibonacci
1