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Bullish Pennant

Bullish Pennant or an Ascending Triangle for Bitcoin?It appears as though the consolidation at ATH's is forming a Bullish Pennant, or, potentially an Ascending Triangle. I am leaning towards an Ascending Triangle because the horizontal blue resistance has rejected BTC numerous times during this consolidation period, but the price keeps testing that resistance, and the more a trend-line is tested the more likely the price is going to break in that direction, whether that's to the upside or downside, it works both ways from my experience! We could be seeing a rather large bear flag after a blow-off top, the RSI is trading in a multi-month descending triangle displaying lower high after lower high, meanwhile, the price has increased with several deviations on the RSI regarding lower highs. KST is showing a bullish cross where I have the blue finger, you will need to zoom in for better visualization.
COINBASE:BTCUSD
by ScotianBot
DHANUKA - Rounding bottom + Bull Flag/Pennant - SwingThis analysis is done purely on basis of price action and chart patterns. The analysis is done on Daily TF hence it can take couple of days to couple of weeks to reach the target. Logic, Entry range, SL and Target is shown in image itself. Reasons for stock selection & going long in this stock - Debt free company, Good performance, posted highest revenue/profit in Sept Quarter and Q3 is also expected to be good. (Buy on rumors & sell on news strategy) This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management. Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis Check below another idea of BALMLAWRIE for another example of Rounding Bottom Pattern
NSE:DHANUKALong
by AdityaKarn90
NEA - Bullish Pennant in Formation I believe that there is a great buying opportunity in NEA, as it has been forming a clear Bullish Pennant since the end of August. It is clearly a continuation pattern and has been consolidating within this pennant. If Price Breaks this pennant with High Volume, this may be a sign that Price may continue pumping up with force and reach the (Resistance 2 - Zone) nearly $3.10 with a potential gain of nearly 32%. Price may even hit the Strong Resistance Zone of nearly $3.90, which may provide a gain of 62%. I believe this is a great medium term buying buying opportunity. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NLong
by AsimMirzaTrader
2
LONG ETHEREUM WHILE YOU CAN$ETH being one of the large caps cryptocurrencies is approaching a new high as it breaks daily diagonal resistance (white) at $570, after which it accumulated ( rectangle) below pulling a leg up to $620, and presently in another accumulation phase. There is a bullish pennant forming $620 and $680 range which if broken should give room for another leg up to $750. N.B The latter part of this analysis will only be possible if BITCOIN settles above $21,000 for the next few weeks.
Long
by Cryptocribhq
Time to enter AMZN?For the last 3 months we've been watching AMZN coiling. Day traders have found ways to buy puts and calls at major resistance and support lines. However, most of us have found it frustrating trying to find direction. The pattern that I currently see forming is the bullish pennant. AMZN has constantly found it hard to move past the $3200 the past few weeks and if it has, dropping again intraday unable to hold that level. The bright side is that it has found strong support at $3065 which has held the channel that it seems to have formed. Going forward two things could happen: (Bear in mind, vaccine and stimulus news are directing the winds and anything is possible) 1. AMZN could retest the $3200 wall. Watch for a breakout as it is very likely possible, most probably taking us back to the 52-week high. 2. Another drop to the $3065 level (and I do think this will happen). This time, we need to see if this holds. If it breaks, we could spiral down. If it holds, it is time to buy, for a breakout is imminent, confirming the bullish pennant pattern. Trade responsibly!
NASDAQ:AMZNLong
by UnknownUnicorn10016235
XRPUSD - POSSIBLE SCENARIO'S - LONG XRPUSD(UPDATE)Hello traders, I am extremely bullish at the moment. My previous idea's were followed perfectly, now I have 2 possible scenario's that I see. The bullish divergence on the RSI give me extra confirmation for a possible next bull run. Scenario 1: Bullish Pennant, XRPUSD has been making lower highs and higher lows, this indicates a bullish pennant pattern in which XRPUSD will break out to the upside and retest the .67-.70 resistance level. If it breaks this, I expect to hit 1.80-2.00 dollars soon. Again, bullish divergence on the RSI gives extra confirmation. Scenario 2: Wyckoff accumulation, this is in my opinion the most likely scenario, I still see a gap that could be closed by retesting the 0.45 support line. After this support level is tested and the market has shaken off panic sellers, I expect a run to 1.80-2.00 dollars soon. And it will not break 0.45 support line in my opinion. Fundamental confirmations: BTC is around it's ATH, back in 2017, the news was hyping the bull run, everyone wanted to buy at the top, that makes it a top, when your average Joe starts buying crypto, you know it's time to sell. There is no media hype like back in 2017 at the moment, this means that institutions and whales are buying cryptocurrencies, which indicate we have a much higher way to go. PS: DO NOT look at the time frames to base your expectations on, I can not predict time frames, I only indicate the patterns en possibilities I see. Most importantly, I do NOT have a glass ball, I could be completely wrong so do your own due diligence before entering a trade and do not trade based on my expectations. I do not trade, I just hold. GOOD LUCK!
BITSTAMP:XRPUSDLong
by Patralis
1