After massive Spill, SOL looks rather bullish, breaking to the upside of a more than two weeks long symmetrical triangle. Does this mark the start of a Bull run for SOL?
I'm still bullish on ETHUSD (Ethereum).
Zensar technologies trading in bearish pennat pattern. It may go down. This is not call or suggestion. This is only my study analysis.
Sol in a Bull Pennant Measured move Matches previous resistance. Great Long Opportunity If you check Daily MACD also its flashing huge buy signal
Price action and chart pattern trading signal > A bullish scenario 4-wave triangle with a local bullish pennant breakout in triangle formation - D-wave uptrend > price bullish momentum SMA20 X SMA50 and MACD X baseline > Target 5 wave @ bullish pennant pattern = 1.618 extension of current 4-wave +50++% from expected E-wave support line. > Stoploss @ C or A wave...
On ETH, the current market structure is extremely bearish. We can spot a descending triangle projection on the 4h chart, so for now the probabilities are for it to go lower. I believe the market wants to wipe out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures. I...
This chart shows a bullish pennant on the daily chart of the EUR/USD currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (1.02706), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line...
This bearish pennant pattern has formed on the daily USD/JPY chart as a longer-term downtrend seems to have started. The pole and the pennant borders are shown with the yellow lines. The stop-loss level (the red line at 140.793) is set to the highest point of the pennant area. The take-profit level (the green line at 132.667) is set to the pole's length subtracted...
A break and retest of that bullish pattern will be confirmation for longs. First TP is in H4 watchzone/supply and if it breaks next stop will be in monthly supply. But I wonder if we wont see a correction to the downside first seeing that DXY is correcting to the upside... All the same, all the best if you take the long. Happy Trading :)
Gbpnzd has been consolidating within this wedge, if it pushes down to my alert i will enter long with a relatively tight stop loss buying around 1.92500 targeting 1.9400
Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021. I'm sure 17.5K was the real #BTC bottom like 65K...
BTC broke down the pennant pattern. We can also see the breakdown of RSI support. To confirm the breakdown, Bitcoin must break down the $15,900 support level.
BTC broke down the pennant pattern. We can also see the breakdown of RSI support. To confirm the breakdown, Bitcoin must break down the $15,900 support level.
This is a secret parallel channel that absolutely no one is talking about because it's visible only to experienced traders. Don't be a noob and buy at the 0.618 FIB + 1.618 FIB + channel bottom like a pro (if the price reaches this level)! Or open a leverage position on futures here. Bitcoin is the most hated asset in the world, and everybody spits on it. The...
I see a beautiful channel from the bottom of 2008. My concern is the bottom of october 2021 is the 4th time it touches (telling me being cautious because of possibly exhausting bullish trend) and the last weeks formed a rising wedge just under the middle of the 15 year channel. Also the top of july 2020 is too close, the "breakout" on 24th oct was not a really...
Price action and chart pattern trading > A 2 conflicting pattern with a bearish move from the larger Head & Shoulders pattern and a bullish one with current bull pennant. > The larger HS pattern could be overshadowing the smaller pennant pushing the price lower - SMA20 dead crossed SMA50. > A strong symmetrical resistance; upper volume profile, price resistance,...
Bitcoins next Macro Move will bring us to $10,700. This is a measured move of the bear pennant we are currently in. This likely the bottom IMO. I see BTC bottoming before the stock Market.
Just exactly as I predicted in my last analysis Bitcoin just goes as expected. A bearish pennant formation on the way. Drop your thoughts on the comments section.