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Bullish Pennant

Bitcoin - BULL PENNANT... Broke to the downsideKeep it plain, simple and minimize the noise! Here we see a bull pennant on the Bitcoin daily, on the inverted scale. Inverting the chart is great to really bring things into perspective sometimes and see what your missing. This pattern is a bullish pattern, however every single pattern has the probability of going both ways. Since breaking this pennant to the downside and getting what seems to be a bearish retest confirmation, this could give enough of a push to break and start trading between the 49k-50k zone. At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. Comment your ideas down below :)
BITSTAMP:BTCUSDLong
by tradermoth
6
UMA/USDT: BREAKOUT! READY FOR 100% PUMP!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this UMA/USDT TRADE setup. UMA looks bullish here. UMA is breaking out from the bullish pennant pattern. I'm expecting a big move from it. Buy some now and hold it for some time. Entry range:- $8-$8.3 Target1:- $9.6 Target2:- $11.2 Target3:- $13.4 Target4:- $16 SL:- $7.5 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
BITCOIN Bullish Pennant 1DWhat's up Everyone! 😃 Hope you are all having a successful day! Just wanted to drop a quick bullish pattern which is developing on the BTCUSDT 1D chart. Although it is a bullish pattern, we can still re-visit the 42k area before we find a bounce and potentilly continue to make higher lows and also higher highs again and potentially break the resistance of the ascending channel and the trend highs around 45.5k to 46k. The second and slightly less bullish option would be to break to the downside of the symmetrical triangle, and then test the support of the ascending channel around 40k before we bounce back to the previously mentioned targets. The 40k to 39k level would be our last realistic chance to bounce back and continue our current uptrend,if we fall below it is likely that we could form a double bottom around 33k or go even lower to about 31k-29k. I would like to add that this is for educational purpose only and is in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advice. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like, comment or follow if you like my content! Every engagement puts a smile on my face, but also helps for my ideas to be seen! 😃🙏 Happy Trading ✌♥📈
by DeFeye
Important Buy Signal Flashing for AMC!Hey Traders, As you can see on the Daily Chart of AMC. A Technical Indicated a BUY. Historically these Indicators work very well among stocks, crypto, and forex. Even in the past of AMC stock, the BUY signals were great for this. However there is a chance I am wrong and this keeps going down, maybe take this to start DCAing. AMC's target for the recovery is $50 (Fibonacci Golden Pocket). We can put in calls/ longs to be in massive profits! Safe trading, -Pulkanator
NYSE:AMCLong
by Pulkanatir
Ravencoin (RVN) squeezing inside the bullish pennantRavencoin, similarly to Bitcoin, is halving block reward every 2,100,000 blocks. Because one block is generated approximately every 1 minute, the halving happens approximately every 4 years. Ravencoin halvings will continue to happen every 2,100,000 blocks until the reward can no longer be halved. Earlier the reward for mining a block was 5000 RVN but after the January 2022 halving it got reduced to 2500 Rvn which means less dumping from the miners. As we have seen previously in BTC which increased significantly in value after halving, same might happen in ravencoin as it is a fork of bitcoin. RVN is increasingly used to mint NFT's which means more demand for RVN to issue assets on its blockchain. Rvn price and Macd are squeezing in this massive triangle which it about to come to an end and it might go up sooner or later. Keep this GEM in your watchlists.
Long
by NayibSayilor
1