UNI price in Bullish pennant breakout above will send price higher
Hello traders! Just a quick analysis and a bit of educational information on LINK (Chainlink). The weekly chart is looking quite strong and with many altcoins including Ethereum showing strong uptrends we are definately in the correct enviroment for this type of chart pattern to have a high probability of playing out. Bull Pennants are a little different to Bull...
Vuzi looks like Huge bull pennant squeeze is happening mac d still has more room to go up and seems like it already broke the trendline and now retesting or in Eliot wave world a possible 1,2 for 5 waves up Indicators show more upside along with the chat.
Bitcoin has been creating so many moderately predicable bullish patterns, however, it's tricky swing trading due to fake-outs occurring regularly. Clearly, BTC is trading in a Bullish Pennant, however, that's always subject to change if the green upward sloping support of the pattern doesn't hold. I have colored the bullish pennant green for ease of...
We just broke a multi-year trendline, and now we have a perfect bullish pennant which leads to a target around $780.
Really nice bullish ascending triangle has formed on LULU. I believe the price will easily climb back up to 385 from here and then I will be watching for a breakout of the triangle. Price may hit resistance at this level however, If a breakout does occur I am confident LULU will hit new all time highs. Also, a nice bullish pennant has formed on the 15 min chart...
Watch for breakout to be supported by strong volume... If breakout continues we will see some nice upside to $6
EGLDUSDT price at is now in bullish pennant price must close above resistance zone to pump higher buy the retest of the resistance ( red zone ) zone
Hello traders! We hope you have been enjoying the end of year time, personally I cant wait for 2020 to be over, but considering Bitcoin has been absolutely dominating this year, I am feeling content that it is ending in the best way possible. So let me give you some hope here for a great start to the new year with this potential fractal I have spotted on...
A bullish pennant pattern has formed on the daily chart of NZD/JPY. It can be used for a long entry setup. The pennant and its pole are marked with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. I will enter a trade only on a definite close above the upper border of the pennant.
The above analysis is based purely on price action & chart patterns. The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks. Trade setup along with Entry levels + SL & Targets are given in image itself. Traders must do their own study before entering into any trade. They must trade with their own money & risk...
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...
need to close abov 132 for 137+
This 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...
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)...
$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...