AMD, classic bullish pennant formation. Look for unusual green volume at the apex of the pennant for a breakout confirmation. measuring objective based off the previous bull flag is a 31$ target. However analysts upgraded there target to 30$ therefore i adjusted the target to 29-30. back in march of 2001 there was a similar pennant formation that broke up to...
Last week we have published our longterm USDJPY forecast. We have mentioned that the Bullish market is likely to continue. BoJ announcement was the key and yesterday we had ” the day”.
Fundamentals:
The JPY began to lose weight against all major currencies as the BOJ announced at the morning meeting that interest rates should be kept constant while lowering...
The hourly chart shows the GBP/USD pair has created a pennant pattern - a bearish continuation pattern, meaning a downside break would open the doors to 1.30 (psychological level).
An upside break would abort the immediate bearish outlook.
I'm already short on this pair. Sold at 1.32010. If you like this trade idea, please give it a thumbs up. Thanks.
Dear all, thanks for reading this post. Lets get right to it. In my last post (SPY is playing Fibonacci Pinball) I noted that the market was difficult to read and was giving no clear signs as to its direction. This was b/c we had seen multiple higher lows (w/ decreased volume on each higher low which was a bullish sign) and higher highs in the ascending channel we...
BTCUSD
Bitcoin's bottom to top increase in February was approximately 96% and was 55% in April/May (ratio approx. 1.7:1). In early April Bitcoin found strong support in the low-mid $6000 region forming what looked like a traditional bear pennant but eventually broke the upside with relatively confident momentum. We now find ourselves, presently, back in the...
Hi guys, I am still bearish medium term but who knows for short-term, Bulls need to break 7700. well, our market cap still going down we're over 185,260,417. USDT , After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. As soon as enough sellers jump in so we’d put...
BINANCE:ZILBTC i think Zilliqa, the flavor of the week, has been forming a very obvious pennant, in its bitcoin pairing on Binance. With how young the coin is, there's not a lot to go off of, other than instincts, therefor not a lot to say here, This is my first published idea, for the record. I would really like to hear some other peoples opinions of this...
Ontology is little known to most people, but has by far been one of the best performing coins, relative to its ICO price. It's about to break out of this pennant, and though some sideways consolidation is possible, I doubt it knowing how volatile crypto is.
I'm not making any moves at the moment, but definitely holding on to the ONT I already have.
ARN is either forming a pennant to breakout or cup & handle. If it goes up meaning a pennant breakout. And if it goes down meaning it could form handle. Either way, ANT is a good coin to buy. Back in January ARN was pumped like crazy? will history repeat itself?
Hello All!
Lowering recent bearish trendline (red) and the major ascending channel are forming grand bullish pennant formation.
After two consequent breakup attempts, the price kept always returning inside the major uptrend pattern.
RSI is demonstrating strong support for BTC higher low on both H4 and Daily timeframes.
Interestingly, the amount of short...
