Currently INJ is moving sideways at 4H resistance level, for it to move up it must hit the support level below , which I marked on the chart, grab that liquidity and only then it can go for that 1D resistance level .
The principle is very simple the price moves towards liquidity .
📊 Trade setup:
⚡INJ/USD - Trade Type: Long 📈 - Leverage: Isolated 8.0X
Analysis✍️ : A bullish pennant formation typically occurs after a strong upward price movement, followed by a consolidation phase.
In the case of DYDX, you would observe a symmetrical triangle pattern resembling a small flag, where the price consolidates within converging trendlines.
The pennant is characterized by decreasing trading volumes during this consolidation.
Traders often anticipate a continuation of the previous uptrend when the price breaks out above the upper trendline of the pennant.
This breakout is seen as a bullish signal, potentially leading to further upward movement in the DYDX pair.
A bullish pennant formation typically occurs after a strong upward price movement, followed by a consolidation phase. In the case of INJ, you would observe a symmetrical triangle pattern resembling a small flag, where the price consolidates within converging trendlines. The pennant is characterized by decreasing trading volumes during this consolidation.
Traders often anticipate a continuation of the previous uptrend when the price breaks out above the upper trendline of the pennant. This breakout is seen as a bullish signal, potentially leading to further upward movement in the INJ pair. However, it's essential to consider other technical indicators and market conditions for a comprehensive analysis before making trading decisions.
A bullish pennant formation typically occurs after a strong upward price movement, followed by a consolidation phase. In the case of RNDR/USDT.p, you would observe a symmetrical triangle pattern resembling a small flag, where the price consolidates within converging trendlines. The pennant is characterized by decreasing trading volumes during this consolidation.
Traders often anticipate a continuation of the previous uptrend when the price breaks out above the upper trendline of the pennant. This breakout is seen as a bullish signal, potentially leading to further upward movement in the RNDR/USDT.p pair. However, it's essential to consider other technical indicators and market conditions for a comprehensive analysis before making trading decisions.
After analyzing the chart, we can observe that LDO is currently at 4H support , and manifests a bullish volume divergence . These combined suggests a upward momentum and now all we have to do is mark our exits.
For the exits we have also marked the 4H and 1D resistance levels and we will place a 10 10 10 70 grid to ensure our profits ✅
Examining the chart we can clearly see a bullish hammer on the 4h TF. Let's explain this :
Bears tried to push the price down , but the bulls were strong and pushed it back up again. This upward momentum is very likely to follow since the bears are exhausted . In around 2-8 hours we should see the price move up and we will print money .
Examining the chart, we observe $AVAX undergoing an upward pennant formation after a pronounced upward surge. This recognizable pattern, known as a bullish pennant in trading, signifies a temporary consolidation before a potential resumption of the upward trend. The pattern typically consists of converging trendlines, reflecting a brief pause in the market as buyers and sellers reach equilibrium. In the context of this chart, the bullish pennant suggests a probability of a subsequent upward breakout, reaffirming the prevailing positive momentum.
Examining the chart, we observe $MANA undergoing an upward pennant formation after a pronounced upward surge. This recognizable pattern, known as a bullish pennant in trading, signifies a temporary consolidation before a potential resumption of the upward trend. The pattern typically consists of converging trendlines, reflecting a brief pause in the market as buyers and sellers reach equilibrium. In the context of this chart, the bullish pennant suggests a probability of a subsequent upward breakout, reaffirming the prevailing positive momentum.
Trade Idea 2 🚨 $ARB looking for some big moves 📈 Read 👇👇
Examining the chart, we observe ARKM undergoing an upward pennant formation after a pronounced upward surge. This recognizable pattern, known as a bullish pennant in trading, signifies a temporary consolidation before a potential resumption of the upward trend. The pattern typically consists of converging trendlines, reflecting a brief pause in the market as buyers and sellers reach equilibrium. In the context of this chart, the bullish pennant suggests a probability of a subsequent upward breakout, reaffirming the prevailing positive momentum.
We have shared the full setup on our profile , go check it out 👉👉
🚨 #Signal $RSR ready for big move. Read for more information and trade setup 👇👇
The chart reveals a compelling pattern in RSR – an upward pennant following a robust upward trend. Widely recognized in trading, this formation, known as a bullish pennant, suggests an impending upward breakout, aligning with the upward momentum depicted on the chart.
As we can see from the chart , LDO has been forming a upward pennant , preceded by a strong upward movement . This pattern is very well known in the trading space and it's called a bullish pennant , meaning that it will break with upward momentum as indicated on the chart.
We shared the trade setup in our group . You can check it on our profile 👉👉
🚨 $ARKM Read for the technical analysis and trade setup🔽🔽🔽.
As we can see from the chart , ARKM has been forming a upward pennant , preceded by a strong upward movement . This pattern is very well known in the trading space and it's called a bullish pennant , meaning that it will break with upward momentum as indicated on the chart.