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Bullish Pennant

Tronix (TRON/TRX) Bullish Pennant - One Final Push? (102% Gains)Tronix (TRON/TRX) has had quite the rise lately, rising from being a lower altcoin to being ranked #6 in terms of market cap. And now, in the twilight of the altcoins, as BTC prepares to rise, Tronix is preparing to break out of a larger bullish pennant visible in the hourly charts. Currently, BTC seems ready to sink a little in its current ascending channel () which will provide the fuel necessary for Tronix to burst upwards and enjoy one final run before Bitcoin hits it big. Target is at 0.00002500 BTC. Possible ~102% return if bought at breakout point, ~148% if bought at pennant bottom. Wait for confirmation, and then enter. Trade with care. If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated! BTC: 37Y9BfaRS65fAXK3swnW8EWG9NDPeF2wrM ETH: 0x97F20b3536dB21C07691fD46e021bCDd8e49483e
Long
by Luiserebii
19
Verge (XVG) Analysis - Bearish or Bullish?Verge (XVG) is currently a very interesting coin to look at - in this analysis, I will show XVG from different perspectives, both in the short-term and long-term. Where XVG truly goes all depends on future movement, but I hope to give a general sense of XVG's position. XVG broke downwards, stopping, as it seems, along a trend line that is roughly around some of the lower ends of the 3-hour candlestick chart. Breaking this trend line could very well mean a large sell off, especially considering the various other pressures - from up-close (15-minute chart), we can spot a descending triangle as buyers and sellers determine where to take the coin next - and, given the sharp drop preceding it, this could very well signal a bearish pennant, adding fuel to the fire that will break through the 0.00000814 BTC resistance to challenge the next few resistance lines. On the other hand, if XVG breaks upwards from this triangle, it will likely shoot to 0.00001200 BTC. What supports this is the testing of the lower flat trend line around 0.00000870 BTC - four bounces upwards from it, which shows strength. I've also noted another price point as a tentative one in dark red - 0.000001448 BTC, as it will also be breaking from a descending channel that I believe XVG has been following - regardless, I generally think that the price will eventually shoot up to the larger, descending trend line in peach. Finally, there is a potential for XVG to be incredibly bullish - and this is because there is a larger bullish pennant forming on the 4-hour/8-hour chart. Whether or not the potential move up will trigger the breakout of this potential pennant is unknown to me, but it is certainly something to watch out for. I don't like to talk about rumors or the success of the coin's teams since they can often be very subjective topics, but I believe a well-timed news release may definitely help the coin burst upwards, depending on how bullish it is - and some rumors have been going around... however, I want to emphasize that whether they or true or not, I prefer not to comment on how true or false they may be. Great profit can certainly be made, wherever XVG moves. Regarding potential profit, 20% can be made on the move upwards from the triangle, and 54%-65% can be made on the long to the top of the highest trend line (warning: a little risky, may not play out). As for the potential large bullish pennant, a heft 110% can be secured if XVG makes this move up - an opportunity not worth missing! Let me know if you have any thoughts on the analysis - this is my first time trying to show the same coin from different perspectives on TradingView, and trying to get everything in the shot, as well as making it look good, was a little tricky. As always, trade with care. Wait for confirmation, and then enter. Good luck to all in future trades! If you like my analysis or I helped you in any way, feel free to send a tip - any support is greatly appreciated! BTC: 37Y9BfaRS65fAXK3swnW8EWG9NDPeF2wrM ETH: 0x97F20b3536dB21C07691fD46e021bCDd8e49483e
X
by Luiserebii
3
Tronix (TRON/TRX) Bullish Pennant!? (~70% Gains)Hello everyone, once again, we are looking at Tronix (TRON/TRX), which has been incredibly bullish recently, surpassing our previous target at 0.00000588 BTC and hitting 0.00000645 BTC top. TRON/TRX seems ready for another run upwards, as a bullish pennant is forming right after our previous run, a very good sign of a potential move upwards. Because trend lines can be difficult to narrow down precisely, I've placed two potential bullish pennants to be flexible. Fortunately, they both have the same target point, but are still useful for determining stop orders. Assuming a buy-in at the current price, 0.00000527, this can easily result in around 68%-72% gains depending on your exit point. As always, wait for confirmation, and trade with care. If you like my analysis or I helped you in any way, feel free to send a tip: BTC: 37Y9BfaRS65fAXK3swnW8EWG9NDPeF2wrM ETH: 0x97F20b3536dB21C07691fD46e021bCDd8e49483e
Long
by Luiserebii
16
Civic (CVC) Ready for Breakout?Civic is looking very bullish on the 8-hour chart with some consolidation occurring just after a recent breakout - this is a well-formed bullish pennant, and if you combine this with the current pressure on the ascending channel (see earlier idea, ), there is high possibility of an incoming breakout upwards, starting with the break of the channel, and continuing onwards to around 12000 satoshis. Entering at confirmation of the channel around 8200 satoshis will net you at least 40% profit, 70% for those who buy at the lower end of the channel. Although this movement is largely dependent on where CVC goes from here, I genuinely believe Civic is primed for breakout. Trade with care, and happy trading to all.
CLong
by Luiserebii
Tronix (TRON/TRX) Bullish Pennant (~85% Gain)I've been closely watching this coin, and seeing this very clear bullish pennant develop and break out, this one is definitely a no-brainer. Tronix (TRON/TRX) was in a period of consolidation earlier, finally making a clean break upwards. Assuming a buy-in at the current price (0.00000318 BTC), one can very easily make 85% gains from this by the end of this week. Our target is around 0.00000588 BTC. As always, trade with care, and happy trading to all in this beautiful new year of 2018! Strong year for crypto ahead of us.
Long
by Luiserebii
7
XRP Entry level Reward to risk 2.5:1XRP is forming a possible bull pennant. A pending order can be placed right above the top slope of the triangle @ .81ish. First target is an area of possible consolidation or reversal. This would be about 10% profit, which is a great place to prune risk by selling 1/3 of the original stake and raising the stop loss to the buy in price. At that point I'll lock in 3% profit no matter what happens. Note: if you made 3% each day, with compounding interest you'd double your money every month. If you average 3% per day for a year, each $1K stake would compound to $2.5 million. Second target is the psychological level just below $1. A great place to once again prune risk, as the chance of consolidation or reversal is pretty high here. The final target is the first fib extension. However, it is so close to the $1, I'm skeptical well get there before another flag forms and another entry is possible.
Long
by Tmoran
BTC possibly breaking all-time high again and more!BTC has bounced on the yellow support that has been followed since mid-September and also on the 61.8% Fib. retracement after following a clear head-and-shoulders formation, one week ago. Now it is back on a higher parallel support and it is showing to build a bullish pennant pattern. Also, the RSI doesn't seem to show any divergence. If the price breaks out of the pennant upwards, the price might surpass the previous ATH and go towards the 7200€ zone (around 8400$). On the other hand, if the price breaks below the support, BTC might fall again to retest the 71.6% Fib. retracement at about 5850€ (around 6900$).
Long
by Andratos95
GJ Potential LongI see a bullish pennant forming on GJ, I think we'll see some more consolidation over the next week or two and then a strong bullish push that will slow down around 160.00. I've been long for about a month on GJ with an entry at 148.046. At one point I was up 350+ pips but decided to hold (currently up about 70 pips). This trade was more of psychological test for myself to hold a swing trade like this. I think the overall trend is bullish based on the weekly time frame which is why I took this position. My TP for my trade is at 158.00 due to the different levels of resistance at 160.00. We have a 50% FIB off of the weekly bullish move and a FIB full extension that lines up with the 50%.
Long
by CasMinor
1
Bullish Pennant forming in NEOA bullish pennant appears to be very near completion. A break from this wedge will be coming soon regardless of direction. This is generally a bullish symbol though, and NEO appears to have a lot of momentum still behind it. Also, NEO has retraced completely to the 61.8% Fibonacci line from it's most recent rally. The 50-61.8% lines tend to be the full retracement necessary for continuations on bullish rallies, especially in cryptocurrency. The first profit target is near the recent swing high. We will almost certainly see a retracement from there if it goes that direction. With the right conditions from there I'll be looking to the Fibonacci extensions labeled above it along with previous pivot points in this range. A break below the bright blue line at the low of the pennant will invalidate this trade setup. It is entirely possible to see a "fakeout" back towards that low before moving higher if this doesn't break straight up. If you're not already in it, please keep this in mind and don't ride it below the pennant low.
Long
by HughGRection
3
Ripple and the next 3 daysBITSTAMP:XRPUSD Hi all, This is an updated analysis from my piece nearly about a month ago (). In the article I have mentioned that having patience will pay off (everything moved 2 times slower than I had anticipated). Our patience may now be paying off as, from a technical analysis perspective, price has just broken from the bullish pennant accompanied by over twice the moving average in volume. Furthermore, the break-out has occurred over 80% of the width of the pennant (start to apex = 109/136). I find that break-outs above this length are very powerful. On to a more fundamental analysis, there has been very strong rumours of the potential interesting partnerships Ripple may have with chinese companies (Alibaba was the subject of one of the rumours found here: www.xrpchat.com however it was debunked that they were running a validator node). The idea still stands that Ripple is very interested in expanding into China (which is confirmed: www.coindesk.com). Add this to the fact, that the break-out coincides with Ripple's teaser post on twitter that the next 3 days will be heavy loaded with announcements (twitter.com), supports the break-out. There is a very high possibility that specific expansion plans into China may be announced. On the subject of China, the amount of cross-border payments in the country has seen remarkable increase, in 2015, the " B2B ecommerce sector ... attracted over 5 billion yuan in 2015; a year-on-year increase of about 699%." (www.thepaypers.com). If Ripple can obtain some market share into such a rapidly growing market, it would no doubt be beneficial to Ripple as a company and their token XRP which further reduces costs in payments. Things to look out for over the next 3 days (Ordered to what I think is most to least important): . Expansion plans into China . Any expansions into other regions of the world (Miguel Vias has stated that we: "will see some very interesting developments with respect to our partnership in payments, with respect to XRP in particular" this quarter). . Escrow - Lockup date . SBI live tests date . More bank partnerships . Extension of Ripple's use into not just between banks but between businesses . Ripple beginning to take some market share (through partnerships with banks) in the forex market. The forex market turned over "$5.1 trillion per day in April 2016 (www.bis.org). If Ripple can take some of this market share, it would be an undeniable win for the company. This may be a bit further on or a stretch, but Ripple has been working amazingly fast given they are negotiating with institutions. Overall, the break-out we have seen is fuelled by technical, fundamental and news related aspects. This reassures me that it may not be a bad idea to buy into XRP at this moment. I reiterate my conservative $0.52 target and look forward to what Ripple has to offer over the next 3 days of "mind-blowing #content and #speakers"! Thanks for reading, feel free to leave any comments if you would like to add something or see something you disagree with. Feedback is always welcome!
BITSTAMP:XRPUSDLong
by TheTraderJ
17