CMPS is forming a nice bull pennant.
First PT 24. Wait for break above white line (21 DMA ) for confirmation as an idea.
Break below 14 invalidates trade.
Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first.
On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure.
Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand,...
Looking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside.
IMBBY needs to cross...
XAIR has formed a giant bullish pennant with the price closing just under the. 38 Fibonacci level . Bullish divergence can also be seen as the OBV remained flat (slightly positive) while the price declined during the same period. This could signal accumulation. The 50MA is rising rapidly and cold make a "golden cross" in the short term when it crosses over the...
- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave.
- The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level.
- 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro...
Neckline still not broken, under resistance of the upper channel, bullish pennant possibly in the making while consolidating under the channel high.
Would not want to stall too much here as I think in that case we'll break down back into the channel.
Let's go bulls! Still need to break that neckline imo.
BINANCE:COMPUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$COMP is moving into a bullish pennant and so, As you know bullish pennant target is calculated by the flag's pole.
Currently, We didn't experience the breakout yet and it has caused...
This chart shows a bullish pennant on the 4-hour chart of the NZD/JPY currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line ( 86.376 ). My potential stop-loss level is marked with the red line ( 84.974 ). I will wait for the price to close...
Bullish pennants are continuation chart patterns formed after strong moves and appear in a bullish market. Just like its name suggests, it signals that bulls (buy side) are about to go a-chargin’ again. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. The sharp climb in price would resume after...
* This pattern has until June 13th to break out to either side.
* Looks good on all time frames
* The measured objective of this pattern would be around the $10.19 area. There will be some historical resistance around the 8.16/27 area which may see some selling pressure.
Technicals:
Sector: Energy - Oil & Gas E&P
Relative Strength vs. Sector: 1.17
Relative...
The other day I released a reversal prediction based on andrews pitchforks convergence points. Today it looks like there is a bullish pennant forming, and depending on how soon it breaks out, could even correspond with the same prediction zone as the andrews pitchfork convergence.
Once again, this is all speculation based on my personal analysis and opinions, and...
BINANCE:GMTUSDT
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Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$GMT has formed a symmetrical triangle, Which can be considered as a bullish pennant into higher time-frames.
- Also $GMT is moving below the ATH and so it comes with three separated...
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Welcome to this GMT/USDT TRADE setup. GMT looks good here.
GMT is breaking out from the bullish pennant pattern in the 4hr time frame. Expecting it to reach $5 soon. Buy some now and add more in dips.
Entry range:- $3.25-$3.40
Target1:- $3.70
Target2:- $3.92
Target3:-...
