I am going to keep this short and sweet, as I believe this chart conveys what I could type out much better. As to how i found my trend lines, and created an overlay of diamond sections to isolate movement, is done by an amalgamation of a few techniques.
Simplistically, IOTA has been bearish for some time, and a breakout is on the horizon,...
One large pennant formed from 20k ATH, one smaller one recently and i have drawn what is probably a non-sensensical super pennant containing them both. You might be able to tell that i've been chart watching a little too much today!
I'm still very much in the learning seat, so I would love any feedback regarding my pattern matching skills! I think this is a good bullish pennant match on the EUR/USD 1H chart, and is supported by a strong uptrend on the daily chart. Any traders considering taking this opportunity? Thanks for any feedback!
Hope that this time I'm right again, but looks like data is building up for a nice breakout again, put your stop losses, but don't put them to close because I expect it to go down hard again like previous times, before going up, also think if it doesn't come up straight it will eventualy
I'm expecting it to go up to break trough the 0.6$, but be careful, to put a stop loss @ 0.51 don't put it to close this coin will go up, but I expect it to go down first and this kind of coins tent to go down a lot before a breakout. Also I'm not an expert this is just my idea, do your own analyses on the risk .
Volumes comming down, still about 10% down of yesterday and 14% the alltime high, volumes going down, I pretty shure we gonne see an other breakout in the short future, taking profit from 1.2-1.3 and stop loss @ .99, by max 1.1 or just hodl! This is one of the big coins in my opinion for 2018 and #iota.
To me this looks like a textbook version of a pennant and XRP is getting ready for a new break out.
Japanese banks are using Ripple, I'm actually surprised it didn't rocket yet.
Or am I missing something?
Looks like a continuation pennant so this breakout I believe will mean move into a higher channel and then onwards and upwards. Watch for incursion back into the channel it's is currently in though - could stop you out if you're not aware of the risk.
Here you can see a clear image of a bearish rectangle, showing that the bearish trend halted and began to consolidate. It respected the rectangle perfectly for over 12 days without any large breakouts. As time moved on it was comfortably within the rectangle however at the same time was being squeezed into a bearish pennant. This was a case of waiting patiently to...
Keeping the TA simple but the geometry for a bull pennant lies there, will PIVX be taken to new heights against bitcoin or is that a rejection we see with a bearish pennant forming a funnel now?!? Given the buying pressure seen withing the bullish bursts I wouldn't expect so but only time will tell.
As I'm sure everyone's aware bitcoin has of lately shit itself, some could have called it before the fundamental onslaught it took earlier in the week through technical analysis like i did from $4680 in #Metalpays Telegram group whilst others are biting their nails struggling to get to sleep haha. Regardless off the INV Pennant geometry within the price action we...
I missed the position myself but here we can see a short Pennant/INV HVF on NEO/BITCOIN after a rejection bringing this pair back down for the end part of the trading week, concluding in another inverted set up projecting a target right next to our original set ups target possibly leading to over performance, will the targets be met?!? Let me know what you think...
This looks like a pennant formation as there were 2 wicks that were acting as support and momentum of the current movement is decreasing as well.
Place stop loss below nearest support line and price will be taken at the next resistance.
Factom/FCT looks like it's coming to the end of a long consolidation and is nearing a breakout. If this breaks to the upside we could see a major price movement comparable to recent breakouts like Monero/XMR and DASH. Much of what happens next depends on Bitcoin, but I expect possibly a short-term sell-off to the ~300k satoshi area to retest new structure support...