Bitcoin is making a bullish pennant with a possible profit of 50%, Take profit 1 $11,500 Take profit 2 $14,500 Stop Loss $9,350
If we can 1H close above the blue line, this could be a good play for ETH/BTC. Bull Pennant printed out and price is looking to retest the top as support to signal an entry. Potential targets are the orange lines acting as short term resistance. If invalidated, we'd be looking to test the S/R flip located at the black line.
Hi everyone, Welcome to another update on Bitcoin! Check out that long term 2019 trend line. We think it will hold as very strong support for this ABC correction, which is nearing its end. Bitcoin is coiling in a Bullish pennant for more than a month now, with some over-extended price action. So how is this bullish pennant (green triangle on chart)...
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!
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...
BITSTAMP:XRPUSD 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...
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...
Opened Jun 7 $330 / May 24 $340 Diagonal Spread
I'm placing Jun 7 $192.50 / May 24 $195 Call Diagonal Spread on this
As we can see the ETH is potentially forming an uptrend Bull Pennant. Going Long on ETH are not a bad choice in this case. I had opened my Long position since $167 and still keeping it, buying more.
Golden Cross incoming (50MA cross up 200MA) + Bullish Pennant Pattern. Be ready, something will moved soon!
price found support in the daily zone followed by bullish pennant
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. If this chart helped at all, leave a like or follow. I...
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...
Hello Guys, 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...