BTCUSD Bearish Pennant vs Symmetrical Triangle. Who wins? 22,000 or 46,000? MACD and RSI both look optimistic though.
Trust wallet token is in a downtrend as seen on this chart. Also, we have a descending triangle too on the chart. Price has tested the support trendline the third time and didn't break it. Therefore I expect a bullish movement to $0.4 first. If Price break the trendline, then $0.5 and $0.6. What do you think? Share your opinion in the comment section✍️ Please...
Peannant broke down with volume. Set stop loss above the open of yesterday.
Hello everyone! There is a high risk of Bitcoin's plummet as China asked miners in Xinjiang to halt mining activities. This last move has little impulse, so might be a correction of the downtrend.
Price target method using pennant measurement technique from John Murphy's technical analysis book.
EURNOK 2.69R Trade Idea
So here's my thing with Airbnb, I kept watching it all day. I noticed it spikes then it drops... are market makers slowly scaling or or shaking out the weak? I believe Airbnb will hit close to 160 hopefully by July-August since covid restrictions are been lifted in many countries. So far i see this is forming a bearish pennant on the 15min, with support at 144,...
Good afternoon traders, First of all please like this post or leave a comment to show your support for my latest calls! 👍 If you've been following my posts for the last week or two you'd know I had a bearish bias considering all the technicals/fundamentals. Yesterday we broke to the downside and had a sell off once that level broke, now I'm thinking we'll pump...
long term staker avg length of my combined contracts is 7 years #HODLERS FTW
.. the point is that the price has to break the upper resistance. When this happens it may be a good idea to enter long.
A macro view of where we may be heading. I expect a test of 30k but will likely fail to hold. Once it breaks expect a rapid drop as there are going to be lots of stop losses executing sells when it does. A move near 25k would be next. There's an old zone of support at 25.7k but really not much else until 21k and then 17.5k would be the final target. We could...
After a brief consolidation in the last two weeks, BTC opened this week with negative sentiments. BTC formed a Doji candlestick on the weekly TF which depicts that market participants are currently in a state of indecision. At the time of writing, BTC is already down by more than 7% on the weekly basis. On the downside, BTC is trying to sustain above its 50-WEMA...
Daily/intraday analysis on EURUSD. Price action & technical analysis. Trading recommendations & thoughts. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
BTC looks to have just broken wedge support that many have been speaking of recently. I think the question for many now is "is it in fact a bearish pennant and is a crash imminent". If a crash were to occur and the price stays in the descending channel (orange lines on the logarithmic chart), there is indeed quite a bit of downward potential to near 16-20K, so...