Whats visible to me...
- Closest Resistance about 10200. Next Resistance at 10500
-Closest Support about 9700-9500 or 9100
-Bearish Pennant (Continuation Pattern). Or it could be a larger pattern currently developing.. which would give me the idea that its possible it stops at one of the green arrows and reverses shortly after. More PA is needed to evaluate.
-...
$WKHS did not finish development of descending triangle pattern. In my view for the long term that would be a much better scenario. In that case, we would bounce really good of lower price and have an awesome rally. However, the price moved sideways forming bearish pennant and my outlook for $WKHS changed. I still would look for entry but at a lower level then I...
BTC dominance appears to be within a Bearish Pennant...
This is my current count here...
Also within a Rising Wedge...
5Day Bearish Divergence with Declining Volume at the top of the trend line...
I...
This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart.
We can see here on h 1 day chart that the 1 day deathcross is imminent and will likely occur tomorrow or the day after at the latest. While at this point it does look like the initial cross will happen, My gut feeling based on fundamental developments and adoption in xrp, is that even if this initial cross does occur it will be short lived and proven a deathcross...
impending deathcross on xrp. while also in a 1 day bear pennant that has a target of 20 cents...i anticipate this deathcross will be a fakeout and we may see a inverted bart here instead of a bear pennant....however there's also a chance it could break down and the 50ma could briefly cross under the 200ma but if so in that case it would just be capitulation and...
Although having a small jump to $212, ETH still can not break the MA50 resistance on the H4 chart. In a downtrend market, we can't be optimistic with just a few dollars pumping like this.
In a bigger picture, ETH runs to the end of the bearish pennant pattern, it will break down this pattern by ~$60 to $160 area. ETH will follow BTC move in the next days.
A...
A bearish pennant pattern appears on the BTCUSD chart, indicating that the pump and dump schemes in the recent days will end up with a flash crash to $8500 area, as mentioned in the last analysis.
Besides, BTC faces strong resistance of MA50 on the H4 timeframe (around $9800), there was a small chance of BTC to break this resistance on the first try. A decline of...
Even though Bitcoin is forming a for now bearish pennant on a 30min timeframe, this does not necessarily have to break down due to the fact we have the Pivot support and a strong trendline support.
Going from here anything lower is considered very bearish mid-term and we could see as low as 4k (this would not invalidate the bullish reversal). There is also the...
Short term the NZDUSD has created a bearish pennant formation - we could see the NZDUSD re-test the 0.6500 area
However, long term there is a bullish RSI divergence suggesting there could be some upside back towards the 0.6630 resistance level.
This will depend on the trade war/ RBA and RBNZ interest rate decision in the coming days
A bearish pennant has seemed to form after a significant bearish move, this could be a sign of more to come. Looking at the chart now it looks like the price has entered a period of consolidation and would continue to move further down over the next day or two. The RSI has moved into a position to allow further bearish moves without being oversold. The price could...
As We know pennant pattern was break in H1, Potential correction until Fibo 61.8
EURJPY Short Selling
SL. 127.049
TP. 126.291
DisclaimerOn ;)
but enjoy the pips, Pros want to make money!
#MillenialTraders
Basic Trading 101
- Bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend.
- They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows.
- The downtrend then continues with another fall in price.
BTC seems...
The volume behind this rally is not impressive. Ever since the break of 6k the volume has been declining, which suggests that the last several months of price action is consolidation before another big move. I am expecting another re-test of the descending trendline around $3850 to set a lower high before continuation of the prevailing trend.
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