Get started

Bullish Pennant

Some potential targets for solanausdThe red target would only happen if we break down from the current triangle in which case we would be triggering a h&s pattern. I think this is the least probable of the 3. The magneta/purple target is the measured move for if we are just breaking up from a symmetrical triangle. If it is more o a pennant instead of just a triangle then the target is the green target. I still think the bullish targets are the most probable outcome but am ready if it decides to break down. If it breaks up I could see it reaching the bullish targets by early q2 of next year at the latest.
COINBASE:SOLUSD
by DrDovetail
4 potential targets for the current triangle/bull pennant on btcI have the weekly timeframe pulled up here because I can’t access the 3 month on this account currently. This ascending triangle pattern probably looks even more convincing on the 2week or 3 week chart. It still is pretty evident here to. The way price action has come back to retest this white diagonal line however may mean that the triangle ends up being more valid as a symmetrical triangle. If this is the case, I have calculated where both it’s symmetrical triangle’s target on it’s own would be as well as if that symmetrical triangle was a pennant where the target would be with dotted white lines/price tags. I used tan to show where the targets would be for the ascending triangle and corresponding ascending bull pennant. I think there’s still more upside to this bull market but nothings certain until we can flip the top trendline of the ascending triangle pattern to solidified support as well as see some sort of bullish impulse not long after that to confirm. My bias still has me leaning bullish but we will see. not financial advice. BUy any dips at your own risk.
BITSTAMP:BTCUSDLong
by DrDovetail
BTC: Trading PlanThe one week chart is the Golden Key to understanding Bitcoin's price movement. At this time, Bitcoin is under a zone of resistance, as can be seen on the left side of the chart. This resistance began forming the Week of February 15th and continues to this very moment. As far as Nison candlestick trading strategy goes, look to MA 3/12. Observe on the chart that price has always followed the direction of the Golden/Dead Cross, and that the market is now at an inflection point. When looked at from a Weekly perspective, waiting to trade these setups can be very profitable for the patient, and allows for one entry and one exit weeks/months apart at great profit. The market now forms a Doji, as defined by Steve Nison in his Strict Candlestick Criteria: Basic Criteria: - Open and close the same (or within a few cents or pips) - Market trending up or down - Also called a cross - Doji in a rally called a Northern Doji - Doji in a decline called Southern Doji - "A time to wait without a position in the market" Pattern Psychology: - For a sustainable rally market has to be "pushed up" - a Doji shows the bullish momentum has now been curbed. The bulls now become concerned with this lack of sustained strength. - Markets can sink of their own weight (i.e. don't need sellers to pull markets lower- lack of buyers will do that) a Doji hints buyers are now starting to absorb supply. - The market is at a delicate turning period and could go either way. The Daily chart shows price within the PB&J short Sweetspot between MA 10 & EMA 30, after a Dead Cross. The PB&J trading strategy is to short on bearish reversal signals within the Sweetspot. The most recent candlestick pattern formed by the close of the prior two candles was a Bearish Engulfing Pattern. This sets horizontal resistance at the high of the pattern: $59,239.19 (INDEX:BTCUSD). On the 4H chart I have drawn what appears to me a Bullish Pennant. Please correct me if I'm mistaken as I have not studied chart patterns and I may have this completely wrong. The upper resistance line is significant, while the lower support line shows the more short term bullish effort. Here is where a trading plan can begin to form on a lower time frame basis to potentially indicate the most profitable entry point. Now, if this is indeed a Bullish Pennant, price MUST break out on higher volume to sustain the breakout. My hypothesis thus becomes: Bulls WILL attempt a breakout of the high of the pattern. IF the breakout occurs on higher volume, a long position can be considered. Do beware however, again, the price is under a zone of resistance. That resistance only becomes support after a breakout and pullback test for support which finds buyers. As such, do consider that this is a high risk entry and the conservative thing to do would be to wait for buyers at these levels to assume all of the risk. Their success or failure can be exploited to the long and short side most easily. A few quotes as food for thought: "The market is a device for transferring money from the impatient to the patient" - Warren Buffett. “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.” - Jesse Livermore "The main purpose of the market is to make fools of as many men as possible." - Bernard Baruch "The stock market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore. Finally, zooming into the 1H chart I can see that the Bullish Pennant has formed an area of consolidation under increasingly lower volume. Let's see what happens on the closing candles after a breakout attempt. Will the breakout occur at high volume? What will the candles show? Will we see large upper shadows showing sellers overcoming buyer's efforts? My plan will be to wait for the expected breakout and exploit foolish traders at what may well be the high of this move. I will set my Stop Loss above the high of the bearish candlestick reversal pattern, and trail my stop down with an interest in not getting stopped out as prices continue to plummet over the days and weeks to come. If however buyers do break out of the pennant at high volume, I will wait for the sellers to bring price back to test the zone of resistance for support, and if it proves to have sufficient buyers, that will confirm the Change of Polarity (COP) - old resistance becoming new support. This is my trading plan. Good luck and good fortune!
INDEX:BTCUSD
by zerocashcool
3
SAND can Reach 9.7$Hi every one SAND/USDT SAND has done a Massive Bullish Movement Recently But It seems There is Room For Bulls For another Bullish Wave! as you can See The Price has been Increasing Beautifully according To Elliot Waves Principle! The First 3rd Impulse waves Has Been Completed,The Price is In The 4th Impulse wave Right now which is a Correction wave! after The 4th wave is completed which is Expected to happen in a Few days, The 5th wave Will be Started & the Bullish Wave can Increase Up to 9.3 or 9.7$. Not Only The Elliot Waves Suggest This, But There is also a Bullish Flag on The chart which Suggest The Same Price Prediction! The Price was In a Bullish Pennant Not Long Ago & It worked Perfectly So There is a High chance That The Same Thing Happen Here with This Flag! There is also a Hidden Bullish Divergence (+HD) On MACD as well! all Evidences Suggest a Bullish Movement For Sand ! The 5th Wave and The Bullish Break out can Happen Soon and We shall See SAND reach 9.7$! Summery: -SAND's Elliot Impulse waves Suggest a 9.7$ Target -Bullish Flag also Suggest The Same Target -(+HD) On MACD 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
10
CRO NEXT TARGET $1.47 THEN $2-$3.5! LAST CHANCE TO BUY THE DIP!!Gem Hunter here, So what I'm seeing on the 4 hourly charts is screaming bullish. As long as we hold above the previous support of .64 we will confirm a double bottom and we can expect a 115% move upside breaking out the symmetrical triangle forming. We can go sideways for a bit before this move but I'm leaning towards a massive move upside in the next few weeks to month leading up to the staples center renaming Dec. 25th. CRO will eventually pass BNB because the marketing plan is aggressive and it isn't stopping here. Crypto.com is the fastest growing cryptocurrency exchange in the world and the easiest to navigate. You already see Crypto.com all over UFC and sports! This is only the beginning of their continuous marketing campaign. Any buy below $1 is a great price IMO. I'm all in. Staking for 13% too yes, please! The credit card deal with VISA is only the start of this takeover. Soon CRO will be a top 3 market cap coin once we overtake Binance. $3.5 is my target for CRO this cycle!
FTX:CROUSDLong
by jipnipslip
10
ANKR's Next target is 0.19$!Hi every one ANKR / TETHERUS ANKR has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ANKR is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 0.19$! 🟡Summery: -ANKR has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! -Next Target at 0.19$ 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
25
COCOS / USDT 1H - Bull pennant, loading up strong move?COCOS / USDT 1H. Price has been consolidating, ultimately creating a bull pennant pattern. The bull pennant pattern will most likely continue the upside pattern. Also, note that the volume has been steaming off. We will see a significant increase in volume if a breakout should occur. COCOS has been performing like a beast. Will we eventually see a strong move upwards? If the price breaks the upper line of the pennant - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 4$ TG2 - 4.7$ TG3 - 4.77$ TG4 - 5$ TG5 - 5.38$ TG6 - 5.75$ TG7 - 6.1$ TG8 - 6.5$ ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely! ------------------ About COCOS: "Cocos-BCX is a public blockchain platform aiming to create a complete run-time environment for games with multi-game system compatibility, providing game developers a user-friendly platform for blockchain game development. In addition, Cocos-BCX aspires to bring users complete control and transparency over in-game virtual assets.It is building a development environment with gaming experience and game economics in mind. Game developers can easily migrate conventional games to the blockchain without the need to learn blockchain programming languages." Source: Binance
CLong
by Droz_TA
4
TSM - Nearing a breakup, finally?TSM has been stuck in a wide almost parallel wedge since April. Last Friday it closed right at the upper wedge resistence again. Are we going to see a breakup soon or will it just be another round of retracement after hitting into the wedge top? I'm feeling more bullish about it thsi time owing to the series of bullish pennants that had been forming since hitting the lower support of the wedge on 6th Oct. Bullish pennants are usually part of a sustainable trend, let's see if it is true this time. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
NYSE:TSMLong
by Juliac
ENJ can Create a NEW ATH! Here is why...Hi every one ENJIN COIN / TETHERUS ENJ has formed a Bullish pennant. This pattern is gonna Increase the Measured Price movement as much as the measured Price movement( Flag pole). since the break out has not happened yet, we shall wait for it to happen and after that take a Good amount of Profit,because we are talking about a NEW ATH! Summery: -ENJ is in a Bullish pennant -Can Increase as much as the Flag Pole -No break out yet! -Creating a New ATH is Possible! 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
10
BTCUSDT CHART IDEA 1BTC is going through the ABC corrective phase and I think we have almost completed the C Wave. This will be invalidated if it breaks the previous swing and makes a LL on the Daily TF. It broke out of the BULL PENANNT, long term target is $88,000. Currently holding the 55 EMA on the daily which is strong support and normally bullish for continuation. Black Swan event like the Poland border crossing is a warning to crypto and the stock market. Money is flowing back into the dollar and the interest rates are starting to rise. The charts have just reversed a huge bearish trend which means everyone will get REKT, be cautious. Buy Zones are set. Targets are to be met. Stop loss 1%. Not Financial Advice.
Long
by Fakeoutking82