Pennantpattern
#GE - 1D - LOOKING GREATAfter a massive uptrend ride, GE took a break during the past two months leaving a clear bullish pennant.
MACD its looking gorgeous right now.
- OPPENING POSITION: 13.5
- STOP LOSS: 12.75
- TAKE PROFIT: If we are thinking on a swing trade, 14.40 (+7.6%) would be a decent profit. But, I believe that its a great position for a long term. Lets check once we reach our first target if technical indicators validate this idea.
BTCUSD - Outlook Update 2021.05.26Does Bitcoin have what it takes ? Are we in a large correction? I remain with a Bearish Outlook.
BTCUSD - Outlook Evening Update 2021.05.25Bitcoin - After digging further into recent price action of Bitcoin on the 4 hour chart by clearing off the chart and removing previous analysis, I have discovered that we could be having some type of sideways pennant pattern forming. Pennants usually form after a very long bull or bear run and usually take one to three weeks to form. In the chart above I have laid out the anticipated projection of this sideways pennant with the relative percentages of completion. It is anticipated that we will have bearish and bullish legs forming up into June at which time we should see a continuation of the downtrend.
**** This is my own analysis and not trading advice.
SHIBWETH 🐶 on the Daily *NOT FINANCIAL ADVICE: DYOR - This idea is IMO personal use only*
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An update from my last chart on 29th April:
Just a continued thought.
Still 100% BULLISH on this one. Still Extremely Risky. Highly volatile.
But I still likey likey. Why?
- Shibaswap launching soon.
- increasing exposure now being listed on Binance, Kucoin, Hotbit and Coinspot exchanges.
This continues to be a strong part of my hold portfolio, and while it has been on sale (as well as most other coins / tokens), I've been adding to my bag at any opportunity.
At the time of chartng this today, Shiba is listed #30 on CoinmarketCap... watch this space.
As always, watch for volume . Do your own research. Always be watching BTC as we just saw over the last week's flash crash, BTC dominates the market behaviour...
Good chat.🤖
Pennant Pattern for BTC-USDT (AGAIN !!!)Unfortunately, I have a BAD NEWS for you, BTC-USDT has formed a Pennant Pattern . You can see what happened last time and In my opinion, it will happen this time too and target is 40k. There is no sign of bullish divergence or any other bullish reversal pattern yet so it will continue falling in order to pump BTC Dominance. BTC Dominance also getting Closer to ATL (35%) and I expect (30% - 60%) correction in all Coins and Tokens(Whole Crypto Market) in the next weeks.😥😓😧
take care.
p.s. DO NOT TRADE BASED ON MY ANALYSIS AND PERSONAL OPINIONS AND LEARN TO ANALAYSE BY YOUR OWN
coinbasecoinbase started off collapsing, then formed a bullish pennant, but its all pointless unless price jumps above 310 and retests rejecting going lower by forming bullish candle sticks and closing above 310 on the 4hr. or we could continue to see the bears having its way with coin by breaking the purple line and retesting 300 before continuing to fall. lets play the waiting game till we get confirmation.
#TWT, #TrustWalletToken UpdateA quick look at #TrustWalletToken (#TWTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern on April 4 with a nice volume spike.
Since then, we missed TP1 by a $0,01 and lost support at the $0,80 level.
Currently, we are testing support at $0.74. If it manages to hold and push higher through resistance, we could see #TWT resume its path towards T1. If not, price might go back down and try to rebound from the EMA200, or in the $0.65-$0.62 range.
To read more about TWT on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!
#DOT, #Polkadot Breakout?A quick look at #Polkadot (#DOTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern earlier today, April 17, hitting its ATH at $48.36.
Since then, the 1HR chart shows what to me seems to be a confirmation. I opened a position at $44.63.
If DOT manages to flip R1 into support, we can try to reach TP1. If it does not hold, price might go back down to S1 or to the EMA200/S2.
If you want to read more about Polkadot on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!
BTT - Reason Chart Pattern Pennant - Bullish Continuation BTT/USD
Reason Chart Pattern Pennant - Bullish Continuation
Disclaimer ON
$DOGE - Bought for fun at 2 cents...getting realAnyone else see what I see on the hourly chart? I got into this at 2 cents just for fun. Cashed out 1/3 at $.43 and now thinking this is tradeable. Am I nuts?
DOT USDT 12 Bullish Pennant...Polkadot! $DOT. Looking at the chart and would like to see price action break through the blue trend line of the pennant and hold. If it can do this I think $50.00 on the cards....A major psychological level. I have used the Fibonacci extension tool to determine the targets which are seen to the right of the chart. I am mindful of the potential downside and will keep a close eye on the support level.
$VET Trade Idea based on flag and pennant Analysis based on flag pole length and pennant formation. Good for trending market.
LTCBTC bullish pennant potentially formingLTCBTC looks to be forming a potentially bullish pennant on the 4-hour chart (yellow dotted lines). This looks to be somewhat confirmed by the hidden bullish divergence on RSI (dotted yellow lines on RSI and price), looking more likely to indicate a continuation upward based on the short-term trend.
There is still some potential for the trend to extend further forward for hours/days, but it is good news for LTCBTC that it has not trended downward yet (particularly when BTCUSD took a dip over a day ago).
If the pennant breaks upwards, the resistance looks to be at the upper part of the wedge I mentioned before (blue dashed lines). If this resistance breaks, LTCBTC has the potential to break from the year long descending wedge and the opportunity to take on a YEARS long wedge instead (see my previous posts for details).
At the very least it should be interesting to see which way the current wedge breaks over the next few hours/days.
GBPUSD bullish pennant Price is going to reach the harmonic extension to 1.44 wich is the 1.618 fib extention.
The price is currently trapped in a pennant pattern
bull pennant formation or down trend?Chaikin and premier stochastic oscillators showing some signs of upward breakout out of the pennant. Volume profile makes sense for the pennant formation and pole.
Personally going to wait to see if price breaks through the 1.26 ish level before entry (yellow ray). other notable levels are seen with the other horizontal rays.
Big bullish pennant with PT at $43Lot of compression and hype on this stock. We could see an explosion in volume and price in the next few days.
Don't forget that our opinions could be biased by our experiences and feelings. Manage properly your risk. Not a financial advice.
Please like and subscribe for more ideas.
ENJBTC wants the moon again! 🦐ENJBTC created a falling wedge and now the price having a breakout! If the price flip the Daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BNBUSDT 4H with very strong graphic training! What do you think?Technical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Price is forming a symmetrical streamer and / or triangle graphic pattern !? What is your perception about?
I believe that the price is forming a pennant, and projecting the expansion of the mast upwards (rupture), we obtain the levels from which the price will be able to search, which, by the way, coincides with the levels of Fibonacci channels.
I believe that in the next scenarios we will reach such price levels.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
