Insights shown here are for follow-up purposes only. Not Acceptable as ANY Investment Advice
After the Algorithm filled the Fair Value Gap we can begin to think price will make lower lows judging by the trend and price delivery until now. Keep in mind this is the weekly timeframe. Trade safe! Good luck!
Morning, today we have a flag like 5% for today, and there are like 4 patterns pointing to over 102 price.
The price is in the accumulation phase between two daily structures, 1$ and 1.4$. On the 4h timeframe, the price is creating a pennant and had the market had a false breakout from the channel on 1.5$, it got the liquidity in order to retest the support. How to approach it? The price needs to create a new breakout from the daily resistance and 4h resistance. it...
With BTC in a similar bearish pennant formation, both remain in danger of forming a lower low and moving to the next significant level of support.
The price is creating a pennant above the Weekly support of 0.51$, in that area, the market created a demand zone (0.48$) so the price could grab new liquidity from it. How to approach? IF the price is going to lose the 4h support on 0.54$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly...
The price is creating a pennant on the key level after a clear rejection from the 8.8$ area. and retested the 0.618 Fibonacci level as new resistance How to approach? IF the price is going to have a breakout from the pennant and retest the key level as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple...
The price is creating a pennant on the 4h timeframe. The market is creating higher low higher high, it means that the we are in consolidation phase. Usually Pennant is a continuation pattern. How to approach it? We are monitoring the 19.5 support where the price created a equal lows. so if the price is going to have a breakout and retest this support as new...
Pennant type Pattern in Sol/Usdt in 15 min Timeframe.
Going into the new week, the weekly MACD is breaking down again and RSI looks like it needs to go lower still into oversold. We've been in a nasty bear market for a few months now even if people don't admit (long-term still bullish but testing supports) Here are volume profiles showing demand zones at 2600 which we are now falling from and the next zone is down...
Head and shoulders formation on 4 hours period in LTC/USDT Chart
The market got a rejection exactly from the weekly resistance of 0.29$ and the price is going to create a pennant on the daily timeframe. On the 4h timeframe, the price is going to retest the 0.25$ resistance on the M's neckline. As you can see on the 4h timeframe (the lower one) the price created a double top of 0.29$. How to approach? We could see a pullback...
• Triangle formation with a decreasing volume to the end of the formation • Negative outbreak in the last trading session • Outbreak not supported by higher volume, which is a weak signal for the outbreak • MACD continuation looks weaker for the next trading sessions, which could support the outbreak • The next trading sessions will show if the outbreak will be...
If confirmation happens, it looks like something big is about to happen right? By the book, it's called a Bullish Pennant! What is a bullish pennant? A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates...
• Triangle formation with a decreasing volume to the end of the formation • Do we see soon a positive outbreak? • Slightly increasing RSI but still under 50 • If we see a positive triangle outbreak price target appr. at CHF 656 which is close to the 50% Fibonacci Retracement
Welcome day traders and scalpers and the community! Looks like we are drawing a double top on the h15 chart. If you see things differently, write it in the comments. Feel free to request any pair/instrument analysis or ask any questions in the comment section ⛔ STOP and 🤑 Take Profit see in the chart I would like to mention that all I post are just options...
Disclaimer: *This idea is based on the observation of the formation of the Pennant pattern, I could be wrong. Don't enter a trade based on this idea. Do your own research.* Chart Pattern: Bullish Pennant Pattern EMAs: 20 - 50 - 100 - 200 (TF - 4h)
Hello traders! Previously there was a failed attempt but it looks like the formation is completed and is ready for a 45% dip. Suggested leverage is 10x. stoploss is -5% of the investment Target is 45% of the investment