Potential Bearish Pennant Short Term Bearish Signal
Price action and chart pattern trading > A possible downtrend continuation for C-leg with the current bearish PENNANT pattern > The downtrend TP @ 1.618 extension zone at 13K USD price - same target with the previous bearish INVERTED CUP pattern > An upcoming mega bull flag formation with target reversal +80% upside @ 28K USD price. > Close short position once a...
it seems BTC is forming a bearish pennant pattern in 4h timeframe. This pattern is usually associated with a breakdown. For confirmation, we have to wait for the breakout of the pattern
it seems BTC is forming a bearish pennant pattern in 4h timeframe. This pattern is usually associated with a breakdown. For confirmation, we have to wait for the breakout of the pattern
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive! The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower. The uptrend from 2020 to 2021 looks like a three-wave structure. It's not...
Trade Idea: Selling BTCUSD Reasoning: Bearish pennant forming at a multi-year low. Lower highs continue. Entry Level: 16590 Take Profit Level: 12590.00 Stop Loss: 16990 Risk/Reward: 10:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this BTC update. There is a lot of things currently going on in the market. We have to trade very carefully in this market and try to focus on the long term. The bets way in the current market scenario is buy BTC and DCA on every big dip. Now, let's get to the...
There is a clear bearish pennant formation on the BTC daily along with decreasing volume. Expect lower prices relatively soon.
I can see two bullish scenarios here on the weekly chart. Either a bull pennant break or a dip to weekly demand zone and then bounce to weekly supply zone. Max sell target is $2, risk the break of $0.9. Depending on your entry you could see possibly 3:1 risk/reward.
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . GBPNZD Multi-timeframe analysis Daily view (Structural timeframe) : It has given breakout of "Head & Shoulder" Pattern. 4 hour (Behavioral timeframe) : It has given breakout of "Rising...
Bitcoin good to short here just broke out of pennant. Bellow all major ema's also.
After the merge, the price of ETH is rapidly going down. It's basically a free fall right now. It was clearly a sell-the-news event. I am very bearish until we break the major trendline that you can see on the chart. There is absolutely no reason to buy ETH at this moment. On the daily chart, we can spot a descending parallel channel that is very well...
The temporary bottom on Bitcoin is in! Now we are looking for a bullish retracement. I think we will go lower, to 3K-10K, in the next few years, but not now! On the chart, you can see the strongest resistance on the way up. It's hard to say which one will be the reversal point. Do you think this Bitcoin crash was natural or was it caused by some strong entity?...
Price action and chart pattern trading: > The price during last few weeks squeezed just under EMA200D with a series of bullish candlestick pattern > A possible ABC uptrend wave with bullish pennant pattern target +22% at TP3 1.618 fibonanci extension. > Support @ S1 -7% and S2 -10% downside > Risk reward ratio: 2:1 > MACD squeezed momentum under the...
So far BTC has broken out of the bull pennant and may try to target $19,100. Falling wedge breakout as well at least to $18,268. Indicators on this time frame look perfect.
bull flag is going right now price is pumping lookout for OKB!
So far it looks like a bull pennant is breaking out to the upside for a potential move. Oversold stochastic RSI 15min and MACD losing selling pressure.
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . ADANIENT is super Bullish and it has made bullish mother baby candle on daily timeframe and in 15 min it has made bullish pennant pattern. Now wait for breakout then we could see some upside...