Pennantbreakout
#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 bearish pennant?Although the flag isn’t perfect nor clear, but it could be that BTC is about to dip as it shows a bearish pennant flag formation.
What do you see in the chart? Do you agree? Feel free to share your point of view.
XAGUSD Silver Target Price 28.32856Pin Bars At 28 Apr '21, 05 May '21, and 13 May '21. Wait for the next pin bar or rejection candle to form on the trend line, ema 10 ema 20.
TSLA Falling wedgeTSLA has taken a hit off BTC news and the overall market weakness.
However, there is a lot of room to the upside with $650 as target.
COIN bearish pennant breakoutI am usually not much of one to talk about stocks as much as cryptocurrencies (as my username indicates), although I feel like it would be an injustice not to mention the current breakout of a bearish pennant for coinbase. It started to form a wedge yesterday, but looks like it has broken downward today.
As with most IPOs it is often tricky to determine trends immediately, but it looks like COIN is perhaps starting off heading downward first. As to whether BTC's current downtrend will have any effect on COIN or vice-versa should be interesting to keep an eye on, as the correlation might begin to show itself over the next few weeks/months.
#LTC, #Litecoin price after the pennant?A quick look at #Litecoin (#LTCUSDT, 4HR, #Binance):
Price broke the upper resistance of the pennant pattern on April 5.
After reaching T1, it stopped at $297 on its way to T2.
Price is now retracing to S1, where it might bounce back. If not, next supports are S2 and S3.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
Thank you and Happy trading!
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Needless to say, this is not financial advice!
#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 $44.63.
If DOT manages to flip R1 into support, we can try to reach TP1. If it does not hold, price might go back down to S1 or to the EMA200/S2.
If you want to read more about Polkadot on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
CAD/JPY - Long- Trednline touch
- 78.6% fib level
- uptrend and moving average confluence
- Indiactor confluence
- Pennant formation
BA Possible Pennant Breakout$BA 1H Chart: Formed a nice pennant. Swing 1-2 Week Calls over 254.77 with volume. If levels hold then this could be a 1-3 day swing max.
Looking for an entry between today and tomorrow
PT/Resistance: 260, 265, 270, 275
Below $247 Invalidates this trade idea
$SGLB entry PT 3.57 Target PTs 9-15-24-80 and higherSigma Labs, Inc., a software company, provides in-process quality assurance software to the additive manufacturing industry under the PrintRite3D brand. It also offers PrintRite3D Lite, which has a smaller footprint and is geared towards single-laser machines for research and development, or small production lots; PrintRite3D Pro, for single, dual and quad laser machines and for environments with less than 10 machines; PrintRite3D Enterprise for plant-wide networks; and PrintRite3D for Direct Energy Deposition is based on a laser process in which a laser beam generates a melt pool on a substrate. The company also provides PrintRite3D-enabled engineering consulting services. It serves aerospace, defense, oil and gas, bio-medical, and power generation industries. The company was formerly known as Framewaves Inc. and changed its name to Sigma Labs, Inc. in September 2010. Sigma Labs, Inc. was incorporated in 1985 and is headquartered in Santa Fe, New Mexico.
BNB looks bullishBNB is forming a pennant flag pattern. We see a good consolidation last couple of days and now waiting for a breakout with higher volumes. Mentioned levels in the chart
Bullish Pennant - Target $470BNB/USD officially broke out of the bullish pennant pattern. Target is $470. --------------> Sorry I published it too late, I took the trade at midnight after I woke up because of the notification, went to sleep afterwards :D
XRPUSDT Bull Pennant FormationWe are monitoring XRPUSDT for a break out out of this potential Bull Pennant formation.
A bullish pennant is a trading pattern that might indicate a continuation of XRP's strong upward price move.
Formed when the market makes a jump higher, then pauses and oscillates between converging support and resistance lines.
This could be a sign that the original price move will resume.
SYMLIFE Technical AnalysisBroke out from Pennant!
Volume and banker chips looking good!
S: 0.745
Target based on length of flagpole: 0.86
Breakout on bearish pennant!Waiting for confirmation on breakout for pennant pattern, already in motion. Advise to short in demand zone 1705-1700 and could be further to 1690-1685. Pennant pattern is important to determine continuation of bearish trend in our analysis.
Kindly comment my idea, would happy to hear your critical analysis.
#Safwan Daud Analyst.
Commodity trade since 2008
AUDUSD Long opportunity - Price formed clear pennant structure
- Seen break and retest of upper trend line, and now looking for price to push to upside
- Target based on previous price action at even level
- 1:8 risk to reward ratio on this trade. 2% risk as always
Doge - Can't. Stop. Lusting.
I'm not sure what it is about Doge. But I can't seem to stay away. My first Doge buy ended badly, I sold my second for a profit, and I might be eyeing my third.
I asked some friends to convince me that this is not bullish.
Bullish indicators:
Bullish momentum into the top resistance line
Forming a bullish pennant
Possible "gotchas"...
There are really only two confirmations on the top resistance line. It's a long term line, but not a ton of confluence across the line.
The Stochastic RSI suggest overbought - which could be an indicator that the price will drop... and it's already riding the support line.
Could this be another big move for Doge?? I'm going to see what happens over the next few days and maybe eek out another successful swing trade.
