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Pennantbreakout

XLMUSDT is creating a nice bullish pennant 🦐$XLM.X is testing weekly support and the price is creating a bullish pennant. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
BTC - Pennant Break - Levels to WatchLike I posted several days ago the pennant pattern on Bitcoin has resolved to the downside, currently sitting just above $30,000 USD, whilst i do 100% believe this to be a BUYING opportunity, let us have a look to see where the price action could continue down to. A traditional pennant can be measured with the width of the pennant as the 'projected' move, using this method the worst case would place Bitcoin between $24,000 and $26,000. I will reiterate, at this level I would almost certainly be recommending to BUY. On the 1hr we can see that Bitcoin appears to be in the 2nd minor impulse wave lower, just above the 127.2% extension level, I would expect to see some rally attempts here, simply due to the confluence of round number support $30,000 USD and the 127.2% extension. Should we fall through this level then a move to the 161.8% level would be my next target, currently at $28,400 USD. Failure to bounce from these levels would suggest a further move lower into the 'ambush zone' of the $24,000 to $26,000 USD. -TradingEdge
BITSTAMP:BTCUSD
by Long_Game_Trading
🚀P🚀L🚀T🚀R🚀 - Mission Still a Go 🌝I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week. Side note: there is LOTS of open interest and volume in deep OTM calls for the end of January 👀 WSB note: The short squeeze is happening next week on GME. Margin calls on the shorts are coming in hot, and brokers are struggling left and right and some have even BLOCKED SHORTING on GME, while the SEC has implemented the Up-Tick rule. Where do you think they are taking their profits to? 🚀🚀🚀🚀🚀🚀🚀PLTR🚀🚀🚀🚀🚀🚀🚀
PLong
by ChigzTrades
PLTR EXPLODING TOMORROWThis is a classic bullish pennant. Today the price dropped to the low end... I was planning on buy a call option tomorrow morning around $30 strike. With PLTR in the red, the options would be even cheaper making me a genius ;) Unfortunately for me, the queen Catherine Woods bought PLTR after hours, and the price is just about to hit the top end of the pennant (current price at time of writing is $26.61). Tomorrow morning, during Pre Market & at the Open, PLTR will explode and hit AT LEAST the peak of the impulse move that formed the pennant ($33.50). Posting this now so I have a reference I can show people when I tell them I can see the future 👀 Tomorrow morning wallstreetbets will be exploding with a bunch of 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
PLong
by ChigzTrades
2
YFIBTC is inside a bullish pennant 🦐$YFI.X is testing the daily resistance. IF the price will have a breakout and turn the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
IRRA ROAD MAPPOSSIBLE PATTERN : - BULLISH PENNANT -------------------------------- ※ DON'T FORGET TO USE TRAILING STOP 5% ※ ENTRY BUY: - BUY ON BREAK OUT: 1645 - ENTRY BUY AT RANGE PRICE OF 1615 - 1665 (OPTIONAL) (CLOSEST RESISTANCE TO BE BREAK IS AT 1685) --------------------------------------------------------------------------- ※ TARGET PROFIT 1: 1875 (FIBONACCI EXTERNAL RETRACEMENT 1 - 1.618) ※ TARGET PROFIT 2: 2100 (FIBONACCI EXTERNAL RETRACEMENT 1.618) ※ STOP LOSS: 1460 ------ DISCLAIMER ON ------
IDX:IRRA
by lalala_landzz