Get started

Pennant

Look At That Textbook Bull Pennant On The Bitcoin Daily ChartWould you just look at that beautiful, textbook bull pennant on the Bitcoin daily chart! You can't get much more textbook than that. What I am thinking based on this chart is that Bitcoin will make at least one more big rally this week up to that big supply zone between $47K-49K. How this move happens has yet to be seen. We know that none of us have a crystal ball as much as we may think we do, and we need to take the data one candle at a time, but this is looking pretty bullish to me for the week. Now, I fully expect Bitcoin to have a pretty major correction once we get to that supply zone. That bearish order block was formed at a pretty strong level so I fully expect for people to take profits in this area and looking for Bitcoin to make a correction, or at least some good consolidation so that we have a chance to repack our bags for the next moon shot. We are still a few months off from the mining rewards being cut in half and anticipation is building. The ETF talk has got the markets all stirred up, so I am just taking it one day at a time. Be safe out there in the crazy crypto markets! Nothing is set in stone and this is only my somewhat educated guess on what I see happening this week! Trade Logically!
COINBASE:BTCUSDLong
by thelogicaldude
2
BITCOIN - Price can exit from pennant and bounce up to $45600Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 When price started to trades in rising channel, it first fell to support line, breaking $37000 level, which coincided with support area. Then BTC repeated this movement two time and later finally rose higher than $37000 level, but then made correction. After this, price bounced from support level and made strong upward impulse to $42850 level, thereby exiting from channel. As well then, Bitcoin formed a pennant pattern, in which price broke $42850 level and now trades near support line. In my mind, price can break support line, thereby exiting from the pennant, fall to support area, and then bounce to $45600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Anglo American Worth a TradeAnglo American has closed above the green line and the 10 week moving average, price is now seeking a cycle low defined by the blue upslopping line. Price going below this line signifies a daily cycle low. The challenge is that the line is rather flat so we must look out for price going lower than R471.64, this would reset the weekly low. A close above the pink downward slopping line means we leave behind a cycle low, if we do this without breaching R471.64 we can expect a powerful move upwards of at least 10%. Since we are anticipating a recession, we must be alert to the weekly cycle failing early.
JSE:AGLLong
by runyamhere
AAVE, Break out and bullish move eminent? Aave looks like it's building momentum that could break out of the bull flag/pennant. A break out of this formation could lead to $175 move in fairly short deration. The technical trade is the break out and a hold of the break out. If it were to fall back in the zone it is considered a fake out. Either way you cut it, AAVE is good price here for long term growth. Let me know what you think AAVE and this analysis down below. Kind regards WeAreSat0shi
BINANCE:AAVEUSDLong
by WeAreSat0shi
12
British Pound can exit from pennant and then around up to 1.2700Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first declined to the buyer zone, which coincided with the 1.2125 support level. After this, GBP bounced from this zone and rose to the resistance line of the channel, and after it reached this line it rebounded and fell to the 1.2125 level. Price some time traded near this level fell to the buyer zone and then made impulse up to the resistance line of the channel. Then GBP made a little correction to support line of the pennant and then started to rise. British Pound in a short time rose to the current support level, which coincided with the support area, thereby exiting from the channel. Then the price a little corrected and rose until to resistance line of the pennant, breaking the 1.2500 level. But a not long time ago it fell to the support line, where it continues to trade now. For this reason, I think that the British Pound can break the support line, thereby exiting from the pennant. Next, the price fall to the support area and then starts to rise. Therefore I set my target at 1.2700. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
Alephium breakout on weekly pennantAlephium broke out of the resistance line last month or so, it's been consolidating and forming a new base at the 50 cent mark. The increase in volume on this recent breakout run adds validation to the bull case. I see an upside breakout here and aiming for a $3 level to be tapped. Long term, this project is goes at a minimum to double digit, circa about $500 million to $1 billion in market cap. Market cap right now is $39 million at 65 cents. At a $500 million market cap, this places price at $8.33 with current circulating supply of of 59 million coins. This is a conservative estimate as well, peak bull mania cycle this thing goes to $5 billion dollars easily ($83 per ALPH coin). Don't miss it, alot of KASPA money and OGs have rotated into ALPH.
Long
by PontusTrader
$STX almost 200% upside?COINBASE:STXUSD is one of my favorite looking charts for upside potential. STX, $ SYN $ XRP and $MASK are all charts that I've been looking at that haven't run yet. Therefore, I think they'll be the next set of coins to run after BTC pulls back. If we look at the chart, you can see STX has broken out of a massive bull pennant and now has formed a bull flag. As long as STX stays within the flag structure, then I lean towards one more move down to test the lows at $.58-$.59 before breaking upwards. If this were to play out like this, then you can expect between 180%-200% gains from an entry at support. If it breaks upwards sooner than that, then I still expect the targets to remain, you'll just see smaller gains. Let's keep an eye on this for the next week to see if we can nail and entry and exit.
COINBASE:STXUSDLong
by benjihyam
🔄 BCH: Fractals of Accumulation, Manipulation and DistributionIn the intricate dance of market dynamics, Bitcoin Cash (BCH) appears to be orchestrating a familiar tune, following the classic pattern of accumulation, manipulation, and distribution. Understanding this cyclical behavior may provide valuable insights for traders navigating the BCH landscape. Chart Analysis: Unraveling the Pattern Accumulation Phase: BCH has entered a phase of accumulation, characterized by sideways movement and the formation of a trading range between $177 and $270. Accumulation suggests the gathering of positions by savvy investors, preparing for a potential upward move. Manipulation Dynamics: Historical patterns indicate that BCH often experiences manipulation after accumulating within a range. Traders should be alert to sudden and unexpected price swings as manipulation unfolds. Distribution Anticipation: Following the manipulation phase, BCH typically enters a distribution phase, where accumulated positions are released. This distribution could lead to a swift decline, potentially revisiting lower support levels. Projected Scenario: A Cautious Path Forward Range Trading: $177 to $270: Traders may anticipate range-bound movements within the $177 to $270 zone as accumulation continues. Establishing strategic positions within this range might be a prudent approach. Manipulation Swings: Be prepared for sudden and sharp price swings, indicating manipulation in progress. Active risk management is crucial during these volatile periods. Downside Potential: $160 Target: In the event of manipulation leading to distribution, a potential downside target is around $160. This level represents a historical support zone that could attract buying interest. Upside Momentum: $370 Objective: Upon completion of the distribution phase, a swift reversal and surge towards $370 may unfold. This upward momentum could signal the start of a new bullish cycle. Strategic Approach: Navigating the BCH Landscape Range Trading Tactics: Traders can capitalize on the range-bound nature of BCH by strategically entering and exiting positions within the $177 to $270 range. Risk Mitigation During Manipulation: In anticipation of manipulation, active risk management, including the use of stop-loss orders, is crucial to safeguarding capital. Long-Term Perspective: Long-term investors may view the accumulation phase as an opportunity to accumulate BCH at favorable prices, anticipating the potential for a significant upward move. Conclusion: BCH's Symphonic Movement As Bitcoin Cash (BCH) dances through its accumulation, manipulation, and distribution phases, traders and investors alike have the opportunity to decipher the symphony of market dynamics. By understanding and strategically responding to these phases, participants can navigate the BCH landscape with greater confidence. 🔄 Accumulation in Progress | 📉 Anticipating Manipulation | 🔄 Distribution Patterns ❗See related ideas below❗ Share your perspectives on Bitcoin Cash's market movements, contributing to a collaborative analysis that enhances the collective understanding of this digital asset. 💚🚀💚
Long
by Yaroslav_Krasko
ESGL Green Energy Penny Stock on VWAP band BreakoutESGL on the daily chart is showing a VWAP band breakout from the lower bands to the upper bands and had a huge day with after-hours follow through. On the 15 minute chart, a high tight flag is seen with price in consolidation in a pennant ( symmetrical triangle) in the after-hours and corresponding extreme relative volume denoted by blue histogram bars well above the running mean volume. This stock has a news catalyst with a long-term contract to carbon neutralize the oil industry in the Indonesia and Asia markets which has implications in climate change, carbon credits and other related considerations. Those with foresight are considering this for an investment. It essentially doubled in a single trading day. Traders simply see extreme momentum which followed through after hours and consolidated. It should be on for another good day or two either immediately or after longer consolidation. All in all, in my opinion it deserves to be on a watch list. Other larger oil companies may consider a contract in due time which will benefit new investors. For traders with fluency trading high volatility penny stocks might find considerable quick profits here. I have marked my target as the red horizontal line corresponding to the consolidation period of early September and the high price on high volume in Late September. See also markets.businessinsider.com
NASDAQ:ESGLLong
by AwesomeAvani
$UPST Upstart Holdings Inc FLOAT SHORTED: 45.10%NASDAQ:UPST Upstart Holdings Inc FLOAT SHORTED: 45.10% entry PTs 24.16 (Buy date: 20 Dec '23) --> 2nd entry PT 27.43 (Buy date: 18 Jan '24) Target PTs 34 --> 24.16 --> 32.70 --> 27.43 Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.
NASDAQ:UPSTLong
by BADQOMOCAWGOWLD
$TIVC Tivic Health Systems Inc FLOAT SHORTED: 59.77%NASDAQ:TIVC Tivic Health Systems Inc FLOAT SHORTED: 59.77% entry PT 1.86-ish Target PTs 3.40 - 3.60 --> 11-27 Tivic Health Systems Inc. operates as a health technology company, focuses on developing and commercializing non-invasive bioelectronic medicine. Its primary product is ClearUP, a bioelectronic medicine for the treatment of sinus and nasal congestion pains. The company sells its products on direct-to-consumer channel through its own websites; and platforms, such as Amazon.com and Walmart.com, as well as to U.S. online retailers, such as BestBuy and FSAStore. Tivic Health Systems, Inc. was incorporated in 2016 and is headquartered in Hayward, California.
NASDAQ:TIVCLong
by BADQOMOCAWGOWLD
BEAMX: A New Star Emerges, Aiming for New Highs! 🚀💫Today, let's shine a spotlight on BEAMX, an emerging star in the crypto galaxy. Despite being a newcomer, it's showcasing unmistakable bullish vibes, setting its sights on the $0.5 milestone. Join me as we explore the promising trajectory of this budding coin! 🌌📈 BEAMX's Stellar Prelude: Genesis of Optimism: Fresh Arrival: BEAMX has recently entered the crypto scene, but its early performance is signaling a promising journey. Bullish Aspirations: With an ambitious aim, BEAMX is eyeing the $0.5 level, showcasing a bullish inclination from the outset. Breaking Free from the Triangle: Chart Dynamics: BEAMX has gracefully broken free from an ascending triangle, symbolizing a powerful bullish breakout. Imbalance Residue: Leaving a notable imbalance on the 4H timeframe, the stage is set for a potential retest and continuation of the upward momentum. Navigating BEAMX's Cosmic Trajectory: Retest Expectation: Anticipated Move: A retest of the breakout level is on the horizon, presenting an entry opportunity for traders. Strategic Outlook: A successful retest may pave the way for a confident push towards the $0.5 target. BEAMX's Advantage: Early Indicators of Strength: Despite its infancy, BEAMX's bullish demeanor signals early strength, attracting attention from traders seeking new opportunities. Strategic Entry Points: Traders can capitalize on the imminent retest, strategically positioning themselves for potential gains as BEAMX embarks on its upward journey. Conclusion: BEAMX, the rising star in the crypto constellation, is proving that a bold entrance can command attention. Keep a watchful eye on the anticipated retest, as it may unlock a pathway for traders to ride the bullish wave towards the coveted $0.5 milestone. May your trades be as stellar as BEAMX's ascent in the crypto cosmos! ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale