URNM looking good.
Alot of tightening for YEARS.
This means volatility is probably on the way.
On top of that it is a relatively untouched narrative with a powerful idea in nuclear energy behind the markets.
Currently at a great position for buys.
Ripple CRYPTOCAP:XRP has been in the news again in regards to their ongoing court case with the SEC. Rumors of a positive verdict are circulating, which typically creates bullish sentiment for price action- but Ripple has been in this situation several times over this long litigation. So what does the chart say?
The white trend lines show a pennant formation on...
Can someone tell me what happens the first half of june that would complete this #bullishFallingWedge on #bitcoin MIL:BTC ?? #FED #Unemployment #DebtCeiling
BINANCE:OCEANUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A Bullish pennant is spotted on the OCEANUSDT chart. The targets or take profit points from this pattern can be...
ABT had exhibited great momentum for the past few weeks with the recent earnings on 19 Apr propelling it to gap up on high volume.
It appears to be forming a bull pennant right now. It is possible to trade the breakup of this pennant (initial stop just below the gap up candle), however bear in mind that the overhead resistance at 114 - 116 might be difficult to...
CFX price action has formed a PENNANT pattern! So what's next? CFX price is facing resistance at 0.4000 level if price break the upper Trendline and 0.4000 level then price may test 0.4500 level and could break to 0.5000 or 0.5500 and if price break downward then we may see price to test 0.2800 level and again starts moving upward cause you can see that on daily...
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...
GRTUSDT is creating a pennant below the 4-hour resistance level, following a previous bull run.
A pennant is a technical chart pattern that is formed when the price moves within converging trendlines, forming a symmetrical triangle shape. The pattern is characterized by a sharp price move in either direction, followed by a consolidation phase where the price...
As per the previous idea, ETHUSDT had a nice impulse, indicating a potential uptrend in the market. Currently, the price is creating a pennant on a weekly key level, which is a significant level for traders to watch out for.
A pennant is a technical chart pattern that is formed when there is a sharp price movement, followed by a consolidation phase and then a...
4hr chart. UTC+1
Using Fractiles to get lows and highs.
Fib fan drawn from low Wed 18 Jan 17:00 to high Thurs 16 Jan 17:00. Levels seem to have confluence with price action.
Support lines building up to initial Pennant.
- Draw a trend line from low Sat 11 Feb 17:00 to low 17 Feb 01:00 and change setting to Extend the right line.
- Draw a trend line from high...
The price had a clear breakout from the descending channel and retest it as new support on 0.36$ area on 0.618 Fibonacci level.
XRP got the liquidity from the false breakout from the 0.33$ area, where the market created the local demand zone
At the moment the price is going to create a pennant just below the daily resistance and key level
How to approach it?
the...
Now we are hoping that the market price will go up more further, from technical analysis, what we hoping is the chart will make BULLISH FLAG PENNANT, but if the chart doesn't form any pattern, we have to expect it will make re-bounce again. much worst, if the chart make DOUBLE TOP, then BTC will go to bearish phrase again.
CROX is up 28% since breaking out from a 3 month sideway consolidation in early Nov2022. I posted about it on 6 Nov and placed a tight stop just under it's last bullish candle @ 76 and was never stopped out.
It is now forming a bullish pennant (a positive) just under a horizontal resistence zone 109 - 111 (a negative). the chance of breaking up or pulling back...
How are those for fibs? Amazing. Is it so that the pennant is an either or (up or downside)? Fibs say so no? I'm pro upside as I've posted before Gartley Harmonic. The top 0.616 as confluence a matter of fact.
Last week of price action generated a pennant. Typically these fly at half-staff on a flagpole. Not sayin it will; but it sure could.
The measured move remains below the pennant. 300 pips to half-staff; 300 more would go to 3530 if it goes. Be carefull! GLTA
this is a very large time frame 3 month, so this could take years to reach tarrget price.
we hawe 3 touches on trendline (the rule of 3) and allso volume is going down.
Pennant usualy make a false break to the down side, what is even more bullish, because it leads to higher momentum when it breaks up.
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Happy new year 2023
