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Pennant

Ethereum can make small movement up and then bounce downHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price some time traded between the resistance level, which coincided with the seller zone, and after the price broke it again, ETH turned around and in a short time declined to 3230 points, breaking the resistance level one more time. Then the price a few moments later turned around and made a strong upward impulse, breaking the 3530 level again, but soon turned around and entered to downward pennant. In this pattern, ETH made a downward impulse to support line, breaking 3530 and 3115 levels. But soon, Ethereum made impulse up from the support line of the pennant to the support level, which coincided with the support area and even rose higher but later declined back to the support line. A not long time ago price bounced from the support line and in a short time rose to the resistance line of the pennant, breaking the 3115 level again. Soon, Ethereum exited from the pennant pattern and now it continues to rise. In my opinion, ETH can rise a little more and then decline to the 3115 support level, which is my target. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
#FED causing Commercial Real Estate/ Banking CollapseCommercial real estate "..talk of black swans of an economic nature forcing the Fed to print trillions again. Commercial real estate may be the next domino to fall. Back in 2008, default rates rose to 9%, up from 1%, as interest rates rose. Today, the damage to commercial real estate loans which total about $2.7 trillion could be far greater. Over 40% of the US work force now works remotely since May 2020. The decline in demand for commercial properties has worsened by recent tech layoffs. The value of office sector REITs have fallen by about 55% which translates into a 33% reduction in the value of office buildings. The default rate of between 10-20% in commercial real estate which was the lower end seen during the worst of 2008 would result in about $80-160 billion in additional bank losses. This would be ruinous for hundreds of smaller and midsize regional banks that have already been weakened by higher interest rates. The 2008 financial crisis spread from the housing sector to the rest of the economy as large banks with exposure to housing took tremendous losses. Today, the Fed has created a moral hazard in guaranteeing depositors. Bank executives may take bigger risks if they believe the Fed will step in to protect depositors."
NYSE:AREShort
by BallaJi
1
British Pound can turn around and try to break resistance levelHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel to the buyer zone, which coincided with the support level and then price some time traded in this area. Later the price rebounded up, exiting from the downward channel, but after this it made a downward movement, breaking the 0.8540 level again. Soon, GBP turned around and started to rise inside from an upward pennant, where it broke the support level one more time, making a fake breakout. After this, the price made a correction to the support line of the pennant and then made an impulse up to the resistance line, thereby breaking the 0.8615 level, which coincided with the seller zone. But a not long time ago British Pound turned around and in a short time declined below the resistance level and now it continues to decline. In my mind, EURGBP can fall to the support line, after which the price will turn around and rebound up to the resistance line of the pennant, breaking the resistance level. So, that's why I set my target at the 0.8635 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
GOLDMAN SACHS - Pullback and looking to new highs?NYSE:GS price recently broke out from a pennant, and the price seems to be bouncing from previous high. If we properly get a pullback from here to around 322-330 usd, it would be a great oportunity to buy and hold until 470-500 usd. The price has yet to test the top of the pennant and the trending line aswell. Breaking the trendline could make the current rejection at 420 usd mark play out as a double top, and posibly make the price revisit 200-250 usd.
NYSE:GSLong
by fortune_00
1
CRO: Watch THIS ALT for x100 in ALTSEASON📉Hi Traders, Investors and Speculators of Charts📈 We observe an important pattern on Cronos in the Daily - the Flag Pattern, also known as the Pennant. The pennant can be either bullish or bearish, depending o where the price CLOSES. The BULLISH Scenario / Long: The BEARISH Scenario / Short: From a technical indicator perspective, the MACRO is still clearly very bullish: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTO:CROUSD
by Crypto-Check-
9
Bitcoin Bull Pennant Forms Before Halving, Can the Rally Hold?Technical analysis of the Bitcoin (BTC) daily chart reveals some interesting signs, suggesting a possible bullish scenario. Let's explore these key observations: Bull Pennant in Formation? The chart appears to be forming a bull pennant pattern. This pattern typically emerges after a strong price increase, followed by a consolidation phase where the price fluctuates within a narrowing range. A breakout from the upper trendline of the pennant is often interpreted as a bullish continuation signal, hinting at a potential price surge. Price Support at 50-Day EMA and CME Gap The current price hovering above $64,000 holds significance for two reasons: 50-Day Exponential Moving Average (EMA): The 50-EMA serves as a dynamic support level, frequently influencing price movements. If the price finds support here, it could indicate buying pressure and potentially prevent a further decline. CME Futures Gap: The presence of a CME futures gap around $64,000 suggests there might be unfilled buy orders at this level in the futures market. A price rise above this gap could signal increased buying interest and potentially fuel a rally. Bull Pennant Breakout Target: A Theoretical Estimate If the bull pennant pattern plays out based on historical averages, the estimated target price for BTC could be around $107,000. This target is derived by measuring the height of the pennant and adding it to the breakout point. It's important to remember, however, that technical analysis targets are not guaranteed, and other factors can influence price movements. Looking Beyond the Technical Picture While the technical indicators mentioned above suggest a potential bullish move, a more comprehensive analysis should consider these additional factors: Market Sentiment: Overall market sentiment and news events can significantly impact price movements. Positive news surrounding Bitcoin or the broader cryptocurrency market could strengthen the bullish case. Volume Analysis: Monitor trading volume. A strong breakout from the pennant pattern should be accompanied by high volume to confirm its validity. Lower volume breakouts might be more susceptible to reversal. Technical Indicators: Consider incorporating other technical indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to gauge momentum and identify potential overbought/oversold conditions. Conclusion: The BTC/USD daily chart exhibits a bull pennant formation and price support at a confluence of the 50-day EMA and a CME futures gap. These factors suggest a potential upside bias. However, exercising caution and considering broader market sentiment, volume analysis, and additional technical indicators are crucial for informed trading decisions. Remember, past performance does not guarantee future results.
BITSTAMP:BTCUSD
by ParabolicP
2
Ethereum can exit from pennant and decline to 3370 pointsHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price a not long time ago traded near the resistance level, which coincided with the seller zone and soon broke this level and rose a little higher but soon turned around and in a short time declined to the support level, breaking 3550 level again. After this, the price even declined lower support level to the buyer zone, but soon backed up, thereby making a fake breakout and starting to trades in range. In the range, ETH reached top part, after which turned around and declined to the buyer zone one more time, where the price reached the support line of the upward pennant, and then Ethereum made a strong impulse up. After this movement, the price exited from range and soon reached the resistance level, which broke soon too. Next, ETH reached the resistance line of the pennant and then started to decline. In a short time price fell to almost the support line, but then it turned around and rose back to the resistance line of the pennant. But recently, ETH broke the resistance level one more time and declined to the support line of the pennant back. So, now, I think Ethereum can rise to the resistance line and then rebound down the lower support line of the pennant, thereby exiting from this pattern. For this case, I set my target at the 3370 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
BTC's Situation: What Shall we ExpectHi. BINANCE:BTCUSDT Today, I want to analyze BITCOIN for you in a 1D time frame so that we can have a MID-term view of BITCOIN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ BITCOIN is in a Bullish Flag Pattern.The Price is gonna Increase soon,The break out needed for increasing further has not happened but it should happen pretty soon. ✅ Due to the Ascending structure of the chart... 🟢 BITCOIN has been Bullish Recently! 🟢BITCOIN is in a Bullish Flag 🟢(AB=CD) 🟢Price is gonna Reach GETTEX:92K Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
🚩TRX can Go Down By Bearish Pennant Pattern🚩🏃‍♂️ TRX is moving in the 🔴 Heavy Resistance zone($0.150-$0.122) 🔴 and Ascending Channel . 📈Also, TRX has managed to form two Classic Patterns ; the first pattern is the Rising Wedge Pattern , and the second pattern is the Bearish Pennant Pattern . 🔔Currently, TRX has managed to break the bottom line of the Rising Wedge Pattern, and I expect TRX to continue its decline , at least to the lower line of the ascending channel . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. TRON Analyze ( TRXUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
Bitcoin to 100K using "blue" bars toolSo the having date is approaching. I randomly used bars tool to copy the price action of bitcoin and I noticed the bottom S/R provides support and resistance. The pattern repeating would give us a nice post halving dump/fake-out/short squeeze, then full on breakout. This takes us to our target at 98K. Really, it will NOT play out exactly like this. BTC always does it own thing and I am NO expert at this kind of thing, I am really new to it but however, I think the bullishness lately tells me the end goal remains no matter how we get there!
Long
by iceguy154
Bitcoin can make small correction and then continue growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price recently rose to the resistance level, which coincided with the seller zone and even entered to this zone. However, it soon turned around and made a downward impulse lower the 66500 level, breaking it and the 71000 level too. After this, the price declined lower buyer zone, but later BTC turned around and started to move up in upward channel, where the price soon reached the 66500 level and broke it again. Then price in a short time rose to the channel's resistance line, after which it fell to the support level back, and then at once continued to move up. Soon, Bitcoin reached a resistance level, after which it broke it and soon exited from the channel, but then the price turned around and started to decline in a downward pennant. In this pattern, the price declined lower 71000 level, breaking it one more time, and soon fell to the support line of the pennant, after which BTC in a short time rose back to the resistance level. But a not long time ago, the price rolled down from this level and now trades close to the resistance level and line of the pennant. So, in my opinion, Bitcoin can fall to the support line and then bounce up to the seller zone, thereby exiting from the pennant and breaking the resistance level. After this, I also think BTC will continue to move up, therefore I set my target at 72200 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
Complete BULLFLAG form .. breakout preparing Complete BULLFLAG and pennant of it. This is a complete bullish form to breakout bullish; I don’t see any signs of bearish but Shiba is on fire keeping the bulls stable.. During breakout Shiba should get visit back to the recent all time highs and should meet new all time highs; but it doesn’t stop there until Shiba hits $0.01 including $1 Shiba is already now preparing to burn trillions of dollars. So be sure you have over $1 million Shiba tokens and hold it.. if you’re going to buy more go for it. Shiba will skyrocket soon if Shiba breaks out bullish then Shiba will out pace other coins and will have trouble to catch up.
CRYPTO:SHIBUSDLong
by JoyBoyVegae
3
SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈 We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it! Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
by Crypto-Check-
1
Upward momentum of 10% -15% in IOC expected on BOSIOC has seen a consolidation on DTF (bullish pennant) after almost a consolidation of more than 60 days. Confirmation to be given on break of structure. The company has a upwards of 500% increase in EPS QoQ growth for the last 3 quarters and increase in institutional interest. Good for swing traders. Can expect an upward momentum of a min of 10-15%. Targets plotted on the chart. Entry - INR 175 SL - (DL) TSL - According to your risk profile. Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:IOCLong
by Rokdevildivine
Triangle BREAKOUT on #BTCAs mentioned in the earlier post, the support level of over 65,000 remains intact. Yesterday witnessed a significant breakthrough with Bitcoin surpassing the $71,000 mark. Consequently, as long as the price of BTC maintains its position above $70,000, there's a strong indication of a potential new all-time high in the near future. Additionally, it's worth noting that the MACD indicator is showing signs of convergence, with a near crossover. DYODD.
COINBASE:BTCUSDLong
by EL_STOCKTROOPER
1