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Savvythe1
Sep 14, 2020 4:18 PM

22% Gain Target Bullish Pennant  

Description

Here is an idea for a Bullish Pennant on the 1 hour chart for BINANCE:YFIIUSD. As you can see in the chart we have a nice pennant formation happening, The RSI is bouncing off of the upward trend line and the MACD is also bouncing off of the signal line all collaborating the bullish momentum.

Always buy the breakout.

Entry: $6150-$6250
Target: $7500
Stop: $5700

Always watch BINANCE:BTCUSDT on Mondays to get an idea of where the market may be heading that week and make your positions based on that along with TA ideas.

Comment

Comments
Savvythe1
No, it is still looking bullish, just more like a Bullish Flag instead of a pennant. Stop and targets are still the same.
sensiblydecentralized
@Savvythe1, the take profit at 9k+ trade is valid you think?
Saes190197
Your bullish idea is still valid?
Ersin_ARSLAN
@Saes190197, me too wondering it ?
PolarHusk
GoodPotential
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