the price has broken the bearish channel after hitting the important 4-hour support area . On the other hand, we have a bullish internal OB that we can enter into a safe buying trade after retesting it
Dollar is loosing steam this week after the huge push up we've seen recently, Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support It's a counter trend trade, so we have to be carefull, and expect less The ascending pennant is a reversal pattern when it...
There is really not much else to say about this chart. My ultimate target for what still appears to be a downside correction of BTC is still in H4 demand. We now have a new H4 supply which is of course indicative of the strength of the bears presently. We have a break and retest of an H4 bearish continuation pattern and a diagonal resistance trendline continues...
LDO is in a pennent and to stay in next target is 2.85 to breakout just up
BTC/1H `at the bottom of rising broadening wedge Forming another pennant ` After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again Also...
Ethereum is now in an extremely difficult situation because the price is at the resistance of this symmetrical triangle and also inside the bearish rising wedge pattern on the daily chart! These patterns are bearish, so the probability of breaking down is higher at this point. Of course, we can breakout bullish, but do you really want to bet on it? What's more,...
The chart says it all. Need to see $2.55 and $2.72 support levels hold If the hard resistance at $3.01 breaks, looking at resistance around $3.75
A bit late- but FED won't be printing money this year, they will figure out inflation is sticky and just do it next year. Gold and Bitcoin, similar assets will do well. The chart of this year looks eerily similar to 2019. Have a look: Top: 2017 Dec 18 - 19700 2022 November 10 - 69000 Exactly four years. Bottom: 2018 Dec 15 - 3650 2022 Nov 22 - 15650 Again,...
The CADCHF is currently forming a bearish pennant, which could signal a significant downside move if the price breaks out to the downside, toward the previous swing low at 0.66 from March 2020. This would be a similar pennant pattern (November 2022) leading to a move to the downside, with the price dropping to test the 0.68 support level. Additional downward...
IOTAUSDThad a false breakout from its daily resistance level and is currently consolidating below it. The market is creating a pennant, which is a common technical chart pattern that can indicate a potential continuation or reversal of the current trend. Traders who follow technical analysis may be watching for a breakout from the pennant pattern to signal the...
It looks like Bitcoin has completed the first bullish impulse wave, which is a very positive sign for the future, but right now the correction is in progress. As you know, from the Elliott Wave perspective, wave 2 corrections are usually deeper, especially in crypto. 0.618 FIB or even lower is a classic retracement, and because we have a huge unfilled GAP, this...
**Before anything, if y'all have any questions or a different outlook plz let me know. I like to hear other people ideas.** From last week setup, I was looking at a larger parallel channel but now I've modified it into a outward expanding structure. **Price within the expanding structure is forming a possible falling wedge because im still leaning more...
Bitcoin/1H Doing another Pennant We are also in a down trend channel that I draw which everytime it reaches the end of the channel it makes a move. Worth noticing when SPX was consolidating btc went to 25K now that spx started to move down btc coming down with it. We could perform a fake pump and grab some liquidity before further downside.bearish momentun is just...
Bullish pennant, waiting for break out before buying, Taking half the profit on 5% gain, then trend follow remaining 50%
XRPUSDT has been creating a daily channel, indicating a period of consolidation and uncertainty in the market. However, after a bullish impulse, the market bounced off the 0.618 Fibonacci level, which is a common level of retracement in technical analysis. This retracement suggests that buyers are still interested in entering the market and that there is strong...
It appears that another bullish pennant pattern may be forming for the SHIBA INU/GBP trading pair, based on the current price action and technical analysis. SHIBA INU's value compared to GBP may be going up soon based on how it's been behaving lately.
Looks like AGIX is about to squeeze to a new ATH if this bullish pennant breaks out to the upside! 🚀 TP1 0.65 TP2 0.85 TP3 1.00
Hello, The price broke the red line with many ups and downs and formed a continuing triangle pattern there!! Note that in continuing patterns, a fake break usually occurs during the third encounter!! Now wait for the pullback to the body of the pattern and when you see the entry trigger, go long! Good luck !