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Pennant

Bitcoin will exit from pennant and continue to growHello traders, I want share with you my opinion about Bitcoin. The market for Bitcoin has been undergoing a lengthy corrective phase, with the price action methodically descending since its last major peak. This bearish price action has been contained within a large downward pennant, a classic reversal pattern that suggests the preceding downtrend is losing momentum as volatility contracts. The price for BTC has been squeezed between the descending resistance line and an ascending support line. Currently, the asset is at a critical inflection point, as it is directly testing this ascending support line after a recent rejection from the upper boundary of the pattern. The primary working hypothesis is a long scenario, predicated on a bullish resolution from this dynamic support. The expectation is that buyers will defend this ascending support line, initiating a powerful rebound that is strong enough to cause a breakout above the pennant's main resistance line. This would signal a reversal of the recent downtrend. Therefore, the TP is logically placed at 115000 points, a prudent intermediate target aiming for a key area of prior price consolidation. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
26
Excellent risk/reward scenario in $STIMIt appears that NASDAQ:STIM is in a bullish flag pattern. It is at a relatively excellent spot to begin a speculative position. The stop loss, I feel, should be around 2.98 - 3.00 which is about 11% or so to the downside. Optimally one would do better to get as close to the $3.00 mark as possible , which is doable since the stock has been in a relatively tight range for the past 13 days. I emphasize the word "relatively" in this post. For the upside, I think t would likely test the upper limits of this flag pattern, around $4.40, or ~30% higher. However, if this does beak the flag pattern to the upside, the measured move of this stock should be ~$5.30 from the base of the flag, which would put it around $8.30 or so. I feel this could happen, given the added boost of acquiring Greenbrook clinics last year. NASDAQ:STIM is expecting an increase of 58%EPS this year and is operating with a gross margin of 53%..This is a low float stock with only 40 million shares in the float, 12% of that is held short. Also of note.about $260,000 of Feb 5c calls traded near the ask today, so there is someone out there that also thinks this stock can go much higher. I would be long.
NASDAQ:STIM
by itssean310
A potential path to 134kIt appears bitcoin is breaking up from a bulllish pennant who’s top trendline seems most valid on the 4hr chart, its bottom trendline most valid on the daily chart and its flag pole most valid on the weekly chart. Sometimes patterns will be cross timeline like that. If this is the pattern that is about to be validated, we should see confirmation in the form of price action using the dotted measured move line like a ladder and as support in the near future as well as also potentially resistance later on on the way to the target. When you see that type of thing occur, probability increases that this is the real breakout. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
EURUSD: Price break resistance and continue to growHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, after exiting a prior Upward channel, the price action has entered a large consolidation phase. This has created a well-defined trading range between the major Support zone around the 1.1470 level and the key Resistance Zone up to the 1.1745 area, indicating a period of market balance. Currently, the price is coiling within a large pennant formation, a classic sign of contracting volatility before a significant move. The price is now at a critical point, testing the descending resistance line of this pennant, which also aligns with the major horizontal Resistance at the 1.1710 level. My Scenario & Strategy My scenario is built on the idea that this pennant is a bullish continuation pattern, where buyers are absorbing supply before attempting the next leg higher. I'm anticipating a brief corrective dip from the current position before the main move begins. Following this, I expect buyers to take the initiative and push the price upwards, forcing a breakout above both the pennant's resistance line and the horizontal 1.1710 Resistance level. A successful break and hold above the Resistance Zone would validate the long scenario. The primary target for this breakout move is 1.1820 points, representing a logical next objective for an upward expansion. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
6
CRO - Bullish Pennant FormationBullish Pennant Analysis for CROUSD (based on provided chart as of late Aug/early Sep 2025): • Flagpole: Sharp upward surge from ~0.15 to ~0.48 around Aug 28, driven by strong momentum, forming the pattern’s “pole.” • Consolidation Phase: Post-peak, price enters a symmetrical triangle (pennant) with converging trendlines: declining highs (~0.48 to ~0.30) and rising lows (~0.27 upward), lasting ~1 week on 1H timeframe, indicating temporary pause in uptrend. • Characteristics: Pattern resembles a small flag/pennant; volume likely decreases (not visible but typical); shorter duration fits bullish continuation criteria. • Current Status: On Aug 31, 2025, price at ~0.279 is within the pennant, near apex, showing formation but no breakout yet. Down 4.63% suggests consolidation pressure. • Breakout Signal: Bullish if price breaks upper trendline (~0.35) with rising volume; confirms continuation. • Price Target: Measure flagpole height (~0.33), add to breakout point; potential target ~0.60-0.68. • Invalidation: Bearish if breaks lower trendline below ~0.27, signaling reversal. • Implications: High probability (~70% historically) of upward move if valid; watch for crypto market catalysts like BTC correlation.
CRYPTO:CROUSDLong
by Lylebud
Monthly logarithmic chart on total3 suggests it could 44x!On the total3 chart we can see the majority of altcoins (excluding ethereum) have been consolidating for quite a long time in this ascending triangle which s also a bullish pennant. These patterns break to the upside far more than they break to the downside and this current one is nearing its apex. If we clued the pole of the pennant to calculate the Bullish breakout target/measured move, we can see that the target is 44 x higher than the current price. Of course this beng a logarithmic scale pattern, it may not ht its full 100% breakout target for multiple years even, but the angle of the measured move line does suggest we could see it reach such heights by 2028 and possibly even before it. *not financial advice*
CRYPTOCAP:TOTAL3
by DrDovetail
CRO Looks Like It Will Resume Upward Trend NowMy assessment that price would continue up last night was off by a day, as the market structure kept developing and price action caused the pennant flag formation to get bigger. It does look like this continuation of the upward price action will continue by midnight, as we’re deep into the apex of the flag and on the 4-hour price is sitting on top of the 21-day EMA and CRO is in an uptrend. Couple this with alt-season being in full swing now, and the potential seems really strong that this will continue soon. DDP - not trading or financial advice just my insight and I’m not an investment adviser. If you make a trade based on this you can lose all or part of your money…or you could make a ton of 💰💰 COINBASE:CROUSD .
COINBASE:CROUSDLong
by davidpareja
CRO Bull is Resuming, ConfirmationContinuation of my previous posts on Trading View and X . CRO’s strong downward move that started yesterday seems to be over. After inking 7 straight green 4-hour candles, working #8, and about to break out of a final downtrend line, CRO seems destined to continue its upward trajectory. Today CRO price almost full recovered and I suspect it will ink a strong green candle out of this pennant flag it’s been forming since yesterday. There’s a possibility of a final shakeout down before a strong move out of the w pennant, but I feel price will just move up strong. The price has to close about .3271 to confirm the bull trend is resuming. I suspect the upside move will be significant from here before 8p EST.
COINBASE:CROUSDLong
by davidpareja
BTCUSD Long: Breakout and Rally to 116500 levelHello, traders! The prior market structure for BTCUSD was a bullish ascending channel, which concluded with a pivot point high near the 118900 supply area. A subsequent breakdown from this channel shifted the market's momentum, initiating a corrective phase that took the form of a descending pennant. This bearish structure guided the price auction down to the major demand area around 112000, where a new pivot point low was established. Currently, the price is consolidating within the final stages of this descending pennant, coiling between the supply and demand lines. The auction is approaching the apex of the pattern, but before a final resolution, one more test of the lower boundary is anticipated. The immediate expectation is for a final corrective move downwards to test the ascending demand line near the 112000 demand area. The primary scenario anticipates a bullish resolution following this final test of support. The price is expected to reverse from the demand line, initiating a rally strong enough to break out above the descending supply line. Following the breakout, a brief retest of the broken line as new support would confirm the shift in control to buyers. This successful retest would then be the trigger for a continuation of the rally. The take-profit is therefore set at the 116500 level, targeting a key area of prior market imbalance. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
6
Hitting new recent highs breaking out of a pennant consolidationCRO seems prime for another leg up. After a few days of strong upside it’s running into resistance on the weekly chart, but even though it is at a current high, not all-time I’ll add, CRO still has significant upside potential . CRO is consolidating strongly after breaking out of a pennant consolidation - on all charts 4-hour and under it can be seen, you will not see it on the daily. The resistance it encounters now traces back to November 2021 through April 2022 — on the weekly its more easily seen. I am not an investment adviser, and this is NOT investment advice. Crypto is very volatile and you could lose your shirt if you listen to what I’m saying or think I’m advising you to buy. However, since transparency is key, after taking a nice profit yesterday doing an 1-hour trade, and then deeper analysis I’ve personally invested $$$ tens of thousands at this level based on my analysis of the trend continuation. DO NOT BUY CRO unless you are prepared to lose money. I have a much higher risk tolerance than most and this could be a dangerous, losing trade, but I do feel it will be a real nice win today . If you follow me and my advice and you lose, it’s your fault not mine. Oh also, if you buy and it starts going up, the minute you get that feeling “I’m going to be rich”… SELL right away and take your damn profit! DDP 👊🏼👊🏼☝🏼🙏🏼
COINBASE:CROUSDLong
by davidpareja
Gold will drop from resistance line of triangle to 3310 pointsHello traders, I want share with you my opinion about Gold. The market for Gold is currently defined by a large symmetrical triangle, a pattern of equilibrium that has formed after a strong rebound from the 3290 buyer zone halted the previous downward trend. This new market structure indicates a period of contracting volatility, with the price action for XAU being methodically squeezed between a descending resistance line and an ascending support line. These boundaries are anchored by the major seller zone around the 3400 resistance level and the aforementioned 3290 buyer zone. At present, the asset is at a critical inflection point, having rallied to test the descending resistance line of this triangle. The primary working hypothesis is a short scenario, based on the expectation that the 3400 seller zone will hold and that sellers will re-emerge to defend this territory. A confirmed rejection from this upper boundary would validate the integrity of the symmetrical triangle and likely initiate another major downward rotation within the pattern. This fall would target the ascending support line and the underlying horizontal support. Therefore, the TP for this rotational play is logically placed at 3310 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
17
Gold coils beneath record high, bulls on alertWhether you call it a bull pennant or an ascending triangle, it’s hard to ignore the coiling in gold beneath the April record highs, keeping traders on alert for a potential bullish breakout. The latest bounce off uptrend support, fuelled by Jerome Powell’s dovish pivot at Jackson Hole, has gold within reach of downtrend resistance from those highs, sitting near $3390 this week. A break of the uptrend, especially if matched by a push beyond the $3408 May peak, could draw in fresh bulls targeting a retest of April’s $3500 record. Longs could be established on the break, with stops beneath the downtrend or $3408 depending on entry level. Resistance at $3435 remains an early hurdle, with gold stalling above it on four prior occasions. If the mid-June high near $3450 gives way, there’s little technically blocking a run towards $3500 or beyond. While weekly RSI (14) and MACD hint at waning momentum, the overall signal still marginally favours the topside. Good luck! DS
FOREXCOM:XAUUSDLong
by FOREXcom