Bitcoin and Gold seem to have a correlating pattern right now, they have both formed a Bullish Pennant. A break out of this pattern will signify more upside for both. It is going to be very interesting to see how this plays out!
today i'm gonna charting on $PTSN indonesian stock. it's recent huge gains with almost 600% up in recent months because of it's company fundamental good news which is the company prime export it's smarthome routers to United States according to the last month company news. it's wireless routers can support the realization of smarthome connection that...
While BTC, ETH and BNB all show bearish favor or turned to bearish mode, XRP holds bullish phase and keeps good volume day by days.
Since the earlier of 2019, XRP usually goes against BTC move, will XRP do the same thing this time?
I think XRP can reach (at least) $0.48 this time.
Ideal buy zone is $0.43 to $0.44.
Stop-loss should be placed...
USDJPY has potentially formed a long term bullish pennant.
Trump has caused havoc yesterday whilst tweeting about Mexican trade tariffs.
Everything has dropped again the JPY. Could we see some relief next week?
If this is a bullish pennant, we could see the USDJPY rise above 112 in the long term.
Any thoughts or ideas welcome...
this bullflag inside an inverse head and shoulders inside a bullish ascending triangle should provide a triple threat of bullish momentum that finally breaks us above the strong resistance at 8504 and allows us to achieve the elusive higher high on the weekly chart. We must always be ready for a potential fakeout of course but odds and probability strongly favor a...
It seems that a bullish pattern appears actually in the market:
A bullish flag, or to be more accurate, a bullish pennant.
The only argument I have now against this idea, is that actually the market seems "frozen" with a reduced volume, compared to previous days.
If BTC breaks up, it is important to see what happens next: will BTC brake also the very recent...
btcusd has been consolidating inside an ascending triangle on the 4hr chart for a bit now and will likely continue at least one more leg up before the anticipated first real correction of this current bull run. On the 1 day chart shown here we are seeing that the triangle may not just be a triangle alone but also possibly a bullish pennant. If the bullish pennant...
LINK/BTC is currently within a bullish pennant/triangle formation, and it could look to move higher. It is nearing the end of this triangle, and we could see it move with conviction whichever way it breaks. Given the prior trend is bullish, I lean toward this being a bullish continuation pattern. If Bitcoin decides to decisively move either way, it can ruin the...
We are currently in a bullish pennant and I believe we are going to breakout to the upside. With the hype around the cannabis sector, it's not likely we will see a major correction before hitting all time high. Weekly Ichimoku cloud also indicates that we are in bullish trend for weeks and month to come.
Be patient and manage wisely :)
This is an analysis, not...
XAUUSD | H4 | BULLISH
Target @ 1311.50
This is the 100.00% Fibonacci.
This analysis has been established through our trend-based Fibonacci.
In addition to this is a classic example of a bullish pennant — a pattern every trader must memorise in Forex nursery school.
The price has been in consolidation amongst the 50.0% Fibonacci;
This key level has...
Trying my beginners luck on my first post on stocks. I've been watching price action for Canadian weed stocks the past few months and it is now
finally breaking out of bearish bias, especially Canopy.
BEFORE entry, please look for confirmation on candlestick patterns or price action at important S/R lines.
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