👋 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...
Btc forming a pennant pattern let's see which side it will break if the pattern breaks up side easily we can expect 30500 and the other side it break down means we can reach up to the 29400 mark again . . . . . . . DYOR !!!
Flags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I...
It seems bitcoin is forming a bearish pennant pattern in 4h timeframe. If so, we should expect a breakdown.
✅COPPER has retested an important price level And is now consolidating below it In a bullish pennant pattern I am bullish on the metal As the transition to the "Green" economy With EV's and Wind Turbines will require massive Amounts of this commodity, so I am waiting for a breakout And then will be expecting a bullish wave With the first target being the...
First of all, This is a long term prediction. It may be affected by the price movements in BTC and the probability for it to happen is relatively low. The thing is that knowing the resistance and support levels/areas may help you to trade and predict price movements effectively. Regarding those possibilities, there are some BUY and SELL areas. In my opinion, The...
First testing pennat then going to short ı believe. First target purple.
As we can see on the chart, a continuation pattern is being printed and we might see a small drop in price. As ETH follows BTC usually, I would recommend that you check out this analysis. This should give you a bit more information to why I'm current bearish on crypto.
Let's see if we can make nice profit like yesterday by trading this pennant. Those who read my post yeastersay and took advantage of it, made 100% profit, lets try to repeat it today. Our set-up for this pattern will be the same as in my previous cases. As soon as green candle closes above resistance line, we will enter our trade and keep on placing trades on...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Goodnight traders, What a week Cardano and Neo just had...with still lots of room for grow! What about XRP? Lets find out... Here we are looking at the Ripple 4h chart,we can see price is currently forming a pennant wich is breaking out soon. How to trade? 1st- We wait for breakout for buy confirmation. 2nd-Sell in your desired green targets. You can sell...