Hello TradingView community, today’s video update focuses on BTCUSD as price remains fixed in a pennant consolidation pattern.
With the Medium-term trend and possibly the longer-term trend lower, you could lean toward this being a potential continuation pattern, but as noted in the video, we defiantly think it’s essential to wait for a clear breakout before...
I posted two Litecoin scenarios yesterday on the 2H charts, Bullish Pendant or Ascending Triangle. It's taking on the form of a Bullish Pendant and currently following yesterday's outlined trajectory. It touched on the first buy opp target very briefly (6 one minute candles) before climbing back up. Reverse to the downside was expected once top of leg touched but...
BTCUSD making a pendant consolidation pattern on the 1hr chart. Since BTC is up trending i am expecting this to break to the upside but look for a break in either direction. Since there is both support and resistance when it breaks wait for a retest of broken trend line.
EURGBP currently breaking out of pendant pattern to the downside and retesting the trend line. Looking for this pair to move further to the main trend line at around .90
Pendant pattern forming on the 1H chart. Looking for a break in either direction for entry. A retest would be the best entry after price breaks either up or down. After price breaks through it still has either support or resistance so be patient. Upside targets around 1.1380 downside target would be 1.1113 for first target and around 1.1025 for the next....
