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Pennant

A pennant can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a sharp price movement that can contain gaps (known as the mast or pole of the pennant) where the pennant represents a period of indecision at the midpoint of the full move, consolidating the prior leg. The price is contained by a small symmetrical triangle that begins wide and converges to a point as the pattern develops.

Bullish pennants can form after an uptrend, bearish pennants can form after a downtrend. The pattern has completed when price breaks out of the triangle in the direction of the preceding trend, at which point it will likely continue in this direction. Conservative traders may look for additional confirmation of the trend continuing. The target can be estimated using the technique of measuring the length of the mast and extending it in the direction of the breakout. A common stop level is just outside the pennant on the opposite side of the breakout. Pennants should not be mistaken for triangles, which are distinct price patterns.
DLavrov DLavrov TOP STRUSDT, 240, Long ,
STRUSDT: Stellar Pennant Chart Pattern
2466 7 63
STRUSDT, 240 Long
Stellar Pennant Chart Pattern

The price bounces from SMA50 which is a support line for the market. MACD lines support upward movement. Also we can draw a pennant chart pattern which also confirms further upward movement. If the price breaks the resistance line of the pennant, this pattern will be realized as a continuation pattern. It will give us an additional confirmation of the upward ...

kryptobyte kryptobyte PRO ETHUSD, 120, Short ,
ETHUSD: ETH to $258
149 0 4
ETHUSD, 120 Short
ETH to $258

A bearish pennant is forming on the 61.8% Fib. If the bears win this round, we may see the price retrace to $258.

adjester adjester PRO BTCUSD, 30, Short ,
BTCUSD: BTCUSD Bear Flag Pattern
262 0 10
BTCUSD, 30 Short
BTCUSD Bear Flag Pattern

BTCUSD Bear Flag Pattern

DianKemala DianKemala TOP BTCUSD, 60, Long ,
BTCUSD: BTCUSD update
5564 8 107
BTCUSD, 60 Long
BTCUSD update

BTCUSD bounce in very good bullish after it touch our support at previous analysis, and perform Inverted head & shoulders pattern. from this position, we can set target at : target 1 : inverted head & shoulders projection at 6370.87 target 2 : bullish pennant projection at 6759.13 However, if this coin drop, we have new support at 5740.42 Good luck, may profit ...

DianKemala DianKemala TOP BTCUSD, 60, Long ,
BTCUSD: BTCUSD update
7377 24 99
BTCUSD, 60 Long
BTCUSD update

after reach bullish flag projection, BTCUSD perform bullish pennants pattern. this is a good continuation with target at 6761. Bullish confirmation above 5901. If this level break up, we will reach our target soon. If this pattern break down, we have support at 5245. Good luck

DLavrov DLavrov TOP BTCUSDT, 240, Long ,
BTCUSDT: Bitcoin Pennant Chart Pattern
9265 33 189
BTCUSDT, 240 Long
Bitcoin Pennant Chart Pattern

Let's look at the 4 chart, we can see a pennant pattern. If the price breaks the resistance line of this pattern, we'll get a signal confirming further upward movement. The pennant will be realized as a continuation chart pattern and we we should expect for price movement to the target zone between 6700.00-6900.00 levels. Pending orders for buy can be placed at ...

Crypto_ForLife Crypto_ForLife ETHBTC, 240,
ETHBTC: ETH broke out of its pennant
68 0 4
ETHBTC, 240
ETH broke out of its pennant

ETH broke out of its pennant, does it find support or will it go down even more ?

DLavrov DLavrov TOP BTCUSDT, 60, Long ,
BTCUSDT: Bitcoin Short Term Trade
9022 37 362
BTCUSDT, 60 Long
Bitcoin Short Term Trade

We have the same pennant chart pattern like in XBTEUR market, but the difference is in strong resistance levels which are not far from entry point. The price can be stopped by 4900.00 and 5000.00 levels. But if you want to take part in high risky trading, pending orders for buy can be placed at 4920.00 level. Stop orders must be at 4735.00 level. Profit target is ...

DLavrov DLavrov TOP LTCUSDT, 60, Long ,
LTCUSDT: Litecoin Pennant Chart Pattern
3644 16 195
LTCUSDT, 60 Long
Litecoin Pennant Chart Pattern

The price is going to confirm a pennant chart pattern. This pattern belongs to the continuation group of chart patterns and we should expect for further upward movement. Also the price bounces from the support zone formed by SMA20, SMA50 and the uptrend line. RSI confirms price reversal and MACD is going to support upward movement. It's buy opportunity and we can ...

DLavrov DLavrov TOP XBTEUR, 60, Long ,
XBTEUR: XBTEUR Pennant Chart Pattern
1407 13 212
XBTEUR, 60 Long
XBTEUR Pennant Chart Pattern

This buy signal is based on a pennant chart pattern. The price broke the resistance line of the pennant and it gives a buy opportunity. We can open long trades at 4130.00 with stop orders below the pattern at 4008.00 level. Profit targets are whole numbers. But estimated target based on this pattern is 4300.00 level.

zmm20 zmm20 PRO BTCKRW, 240, Long ,
BTCKRW: BTC, new ATH soon
142 2 6
BTCKRW, 240 Long
BTC, new ATH soon

Looks like PBOC shorted $5k and rebought $3k, and now exchanges in China will be regulated legalized and BTC taxed. Surprise surprise! Manipulating gullible Chinese population for huge profits since 2013, good game PBOC. Looking at the chart, IHS target, 200% fib extension of initial upwards move, and pennant breakout targets all give us about the same price ...

DLavrov DLavrov TOP ETHUSDT, 240, Long ,
ETHUSDT: Ethereum Pennant Chart Pattern
9328 17 95
ETHUSDT, 240 Long
Ethereum Pennant Chart Pattern

Let's look at 4H chart of Ethereum. We can draw a pennant chart pattern which is belong to a continuation group of patterns. Mainly after a breakout of its signal line, a market continues the previous trend. We have to trade this pattern based on a breakout signal. We should expect that the price breaks the top border of the pennant. Pending orders for buy should ...

cryptolid cryptolid BTCUSD, 60, Long ,
BTCUSD: btc broken out of bull flag
1090 15 12
BTCUSD, 60 Long
btc broken out of bull flag

time to go long?

Marty386 Marty386 PRO GMV, D, Long ,
GMV: GMV pennant approaching a breakout point
55 0 5
GMV, D Long
GMV pennant approaching a breakout point

Nice long pennant has formed on GMV, could be ready to breakout if good volume arrives and the price pushes through 45c. Pennant target is about 74c.

WiThConFi WiThConFi DASHUSD, 240, Short ,
DASHUSD: DASHUSD 4 HOUR TIMEFRAME SYMMETRICAL TRIANGLE BREAKOUT DOWNWARDS
90 0 4
DASHUSD, 240 Short
DASHUSD 4 HOUR TIMEFRAME SYMMETRICAL TRIANGLE BREAKOUT DOWNWARDS

DASHUSD 4 HOUR TIMEFRAME. Los Angeles 1:09AM. Symmetrical Triangle has a breakout to the upside 54% and downside 46%. Breakout occurs 75% of the time into the triangle. It looks like price action fell into the bottom of the triangle and is under the kumo cloud showing bearish signs. Also neckline break and RSI oversold shows weakness in the trend.

CHamza CHamza BTCUSD, 15, Long ,
BTCUSD: Bitcoin Good opportunity to buy
201 0 2
BTCUSD, 15 Long
Bitcoin Good opportunity to buy

Bitcoin Good opportunity to buy

Marty386 Marty386 PRO CR8, 60, Long ,
CR8: CR8 pennant breakouot in play
72 0 4
CR8, 60 Long
CR8 pennant breakouot in play

CR8 is breaking out of a pennant on good sustained volume. Expectation of the Nationwide 'go-live' and AMP also is probably driving the movement. Pennant has a target of 10.5c.

KausarRaja KausarRaja XAUUSD, 30, Long ,
XAUUSD: XAUUSD/30 MIN- trade with pennant breakout.
92 0 5
XAUUSD, 30 Long
XAUUSD/30 MIN- trade with pennant breakout.

XAUUSD/30 MIN- trade with pennant breakout. buying can be made above 1275.50 with expected target 1288 and 1213 and stop loss at 1264

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