price pushed up with good volumes and bulls are very strong bears lost ground at 31k.. with all the positive news coming its going to jump till 40k at least if bullishness continues. i recommend to open long positions in a systematic manner so that u can catch any small falls..
bond has been respecting an orderblock around 3.90 and has created a downward sloping trendline which created a pennant the target of the pen is the length of the flag pole brings us almost to the previous high. the short idea has a path drawn in yellow this is the minimal i see happening if bears take control we could revisit the support from before the huge move...
AUD/JPY price action has outlined what looks to be a Pennant Pattern shown here on the 4Hr chart. Pennant patterns are made up of a Lower Highs and Higher Lows into a "Pinch Point". These patterns, given the right circumstances, break Bullish OR Bearish so its important to monitor price while its in "No Mans Land" and WAIT FOR THE PROPER BREAK so the market shows...
We can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only...
👋 Good day, traders! Let's delve into a couple of potential scenarios: 📉 After XAU has worked off its local lows and returned to its previous positions on D1, it's now shaping a new upward trend. Following a minor correction to $1920, a "Pennant" continuation pattern has formed. Upon breaking the resistance level at $1935.00, it's poised to continue its ascent...
They are playing with us. They didn't fully fill the gap from June and created a new gap. If the pennant breaks out it will probably go to ~3.02 which is in that major Supply/Demand Zone and will fill one of the gaps. This also means the price is going to come back down once it reaches that level at some point. Do not sell at those gaps cause someone wants...
📈 Hey Crypto Enthusiasts, As we explore the fascinating history of the crypto market, we can't help but notice the recurring patterns that have paved the way for significant bull runs. In 2012, 2013, 2016, and 2019, we observed massive triangle accumulations just before explosive price surges. The question on everyone's mind is whether we'll see a similar pattern...
The pair is already in an uptrend on higher time frames. We are expecting further upside which is signalled by the breakout of the bullish pennant pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on retest of the key level.
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced down to $0.4590 points, thereby breaking $0.4945 level, which coincided with support area. After this, price started to rise inside rising channel, where it rose higher of this level and reached resistance line of channel. Then Ripple...
Bitcoin can push upto 30k levels and can drop from there as bearish sell pressure exisits at 30k ranges.. if u want to take small profits u can enter if price breaks 200 ma
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago started to decline inside the downward channel, where it declined until to 26400 support level, which coincided with the buyer zone. In a short time price broke this level, exited from the channel, and entered to upward pennant, which...
Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some time ago rebounded up from 0.4860 current resistance level, which coincided with the resistance area to 0.5235 resistance level inside the upward channel. But then the price started to fall and in a short time price fell to the support line of the...
Price broke the downward trendline (red line) and the bearish market structure. Now it is forming a bullish continuation pennant. It's possible the price will make a bearish fake out before reversing up. Let's wait for the confirmation on which direction of trades we should take.
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few time ago rebounded from the resistance line of the triangle and made a strong downward impulse to the 25800 support level, which coincided with the buyer zone, thereby breaking the 28000 level. Then the price bounced up and some time traded near the...
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Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 After price bounced from $26200 support level, which coincided with support line, it started to move up. Bitcoin reached resistance line, which is located inside support area, breaking $27400, but at once bounced back to support line. Later price fell to support...