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. Please tap on a like button and coment below. Happy new year 2023
In the chart above I have provided a simple analysis on what can be considered for when it comes to the overall market. 1. Pennant Formation is provided by taking higher lows and lower highs with a point of convergence. 2. If followed through Pennant path can force price action to previously seen pre-covid times. 3. This would in fact validate a completion of...
Hello,Traders! CAD-JPY is trading in a downtrend And the pair broke out of the Bearish pennant pattern Which reinforces our bearish bias And I think we will see A further move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Bullish pennant pattern on bitcoin chart..long trade.Risk reward ratio(1.5:4)
A bear pennant pattern has been spotted on daily time frame. With a pottential target of 0.80$ looks a good shorting opportunity. What Is a Pennant Chart Pattern in Technical Analysis? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period...
I'm still bullish on ETHUSD (Ethereum).
Here on the charts I noticed this bearish pennant pattern. showing btc is potentially ready to move lower ...share feedback with your analysis and comments , let me know if you found this helpful.