1000 shares long .53947 cost $540.65 with fee this has not confirmed its breakout just scaling into the position for confirmation im looking for a volume spike as well as a close above the trend line because of this still small in size and only risking less than $20 its very tight here so wanted to start building a position because I know these things can move...
Bitcoin Cash is forming a bullpennant on the lower timeframes and looks like it's getting ready for a breakout. If prior resistance around the red box breaks ( ~0.09 Sats, $600 USD), I wouldn't be surprised to see continuation of the little bull run up to $1000, leading up to the hardfork on November 15. This move would be supported by the double bottom and fueled...
RVN is gonna moon This is not financial advice, this is a bird coin kawwwwwwwwwwwwww
Gold had make a strong upward movement last 2 weeks, giving us the flag pole. however, the pattern is not a flag pattern but a bullish pennant! It is currently testing the new support line (previous resistance line). If the support holds, going LONG is a good idea. This Idea is solely my personal opinion and it is not a entry signal. Trading leveraged assets...
My updated view on XAUUSD until US GDP this friday. My personal entry point is on the stop hunt that I've indicated on the chart, I will be looking at indicators and volume to confirm my long during the time frame of the grey stop hunt box I've placed. If this chart helped at all, leave a like. I would love any feedback/advice about my chart to correct any of...
I am still very bullish on gold since USD was really strong last week and gold was barely affected. DXY also seems to be doing a double top soon on the H1-H4 time frame which could fuel a stronger bullish momentum for gold this week. My personal entry point is on the stop hunt that I've shown on the chart. If this chart helped at all, leave a like. I would love...
- Big bull pennant - RSI knocking on the door already - ATH on volume
A bullish pennant has formed on XAU/USD @ H4 and offers an upside breakout trading opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set the stop-loss to the low of the breakout candle (not shown).
Gold is formed a bullish pennant that might get broken during the coming up FED Powell Speech! Bulls looking to take control? Is this the moment to buy and hold Gold for what could be an economic recession? Best of luck!
Bitcoin is in a bullish pennant and we have RSI hidden bullish divergence on the 4 hour chart. BTC has found support at $6560 (0.618 fib) and we will probably have some sideways action until we have a breakout to the upside within the next day. Volume has been dropping steadily so expecting capitulation once we get closer to our pennant support. The break out...
Almost breaking out of the descending wedge will take us straight up to new levels of support, matching trend lines AND fibonacci extensions. Moving average bullish cross in next couple of days. Breakout VERY LIKELY.
Based on trends and a breakout scenario from the descending wedge AKA bullish pennant, we see the levels of resistance, along with a rough idea of what another bullish run would look like.
BCHUSD another sweet bull pennant. Good time to go long on this one
Like I mentioned in my earlier analysis, it seemed like the RSI needed to cool off a little before Ripple could make another move. We had two days of consolidation now and created a nice bull pennant, which often results in continuation to the upside. A Long trade would have a pretty good Risk/Reward ratio right now. First target could be the next resistance level...
This bullish pennant formed on the GBP/CHF @ D1 offers a bullish 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. I will set the stop-loss to the low of the breakout candle (not shown).
Bitcoin is further consolidating in a tight range today. The immediate pattern it draws is a bull pennant, but the entire structure can also be seen as a another bear flag. A daily close above the bull pennant structure would be considered bullish, a daily close below 6.4k would be considered bearish. The red rectangles are areas of major resistance. I assume that...
LULULEMON is currently in the controlled profit taking stage of the flag for the current bull flag formation. The previous advance since an earnings surprise is used as the length of the flagpole and also the measuring objective of the next advance. If we see some significant volume on the breakout then we could be set up for some nice quick profit. If volume...
As we can all see, this a bullish pennant potentially forming. Price is currently at a very strong Support Line, so we'll be looking for bulls to be taking charge very soon. You can drop down to the 1H/2H or even the 4H for a strong Confirmation to be buying (INTRADAY TRADES). However, if you're like me.... You'll also enter at the break and retouch of the...