I'm not sure if this is a rising wedge (bearish), a pennant (bullish) or even an ascending triangle. Any comments?
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Outlook for BTC continues bearish as current failure to break downtrend resistance at $8,4k has potential to put BTC into another bear pennant . Indicators looking bearish on all timezones from 1hr to 4hr and sell pressure continues to build. At this point the best outcome for price action is that a bounce and reversal is found in the A box, which would cause an...
Don't know what to do, maybe I'm wrong. What do you recommend?
breaking the pennant pattern , we might go to the white area and it will be a strong resistance as soon as we broke it it will be our new support and (buy zone2)
We saw a few "breakouts" as recovery from the BTC crash these past few days but it looks like it might be setting up again for another one. These are somewhat small but all this slow rising is great considering the dev is putting out more updates soon after the miami BTC conference and then rebranding on the 26th this month.
After years of battering, the stock found a low >1 year ago. Most of 2017 has seen sideways consolidation with the recent forming of a Daily pennant. There are sector fundamentals behind this too, with recently introduced EU tariffs on steel, which has all but dried up Chinese imports. Thus placing SSAB and other solid European steel producers in a far stronger...
Hello! I ask you to immediately take into account, this is only my own opinion and what it is based on: The level of support at 0.618 broke, after which we fulfilled the retest and went down, we conclude that the breakdown is true. We think that within the next week the price can go down to the support level of 0.768. Also on the chart, as we see a figure was...
Over the past few days THC has seen a pretty constant drop thanks to BTC. However, it seems to have found its footing at about 2100sats and looks like it might even be setting up to breakout really soon. Continue to hold and watch it go, or if its within your means grab some more while you can while it is cheap! However, never invest what you cannot afford to...
textbook bullflag forming on the 1h chart. Looks like if it mirrors the last move up we will be fighting with a downward trend line. will be interesting to see if we get enough volume to make a break above there. forgot to draw it in but seems as if we a forming a new trend line up. Maybe this was the bottom??
High time-frame shows strong support and lower time-frames have created a reversal falling wedge pattern followed by a small bullish pennant (blue) so buy above the wedge and pennant pattern and set take profit to next resistance line which is around the 0.952 area. rick reward is 5.49/5
www.tradingview.com JMEI is looking at a breakout off of a trend line from July. In the past 3 months it has bounced 4 times, each for a decent gain. It must hold the $3 dollar mark and verify the trend line in order for it to be a buy. Stop loss: 2.98 Exit: $3.50 or higher
Well this doesn't look healthy. A rising wedge in a bear market and few buying atm. Wait for a confirmed breakout to see a continued downtrend
Looks like a Bull flag is forming.. 2 approaches can be taken 1) wait for the break out and buy 2) Buy at 50 fib Note: pretty much new to this and still learning, reviews are welcomed
Long term resistance from the all-time-high now converging with short term support - and almost playing out the exact same pattern over the same period from 21st December to 5th Jan. In that instance there was a sharp break above the trend followed by a 25% drop. If we get a close above the pennant it may be worth considering a long position if it can go on to...
So in my last idea, I rode the ETHBTC uptrend channel over the weekend. When resistance tested twice after the breakout, I thought we might be going higher. Now we see a beautifully formed bullish pennant. Most recent resistance level was back in July at 0.113670. I'm going long and swinging for the fences on this one using MACD divergence as confirmation...
I have been tracking a bearish pennant on XBTUSD for a number of days and it has just crossed the 3/4 duration marker, which means that it is likely to resolve soon. We are currently trapped below the 0.382 fib and even if we break into it again then we're rapidly running out of space in the pennant; it will resolve (one way or the other) by 2nd Feb. This pattern...