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Bullish Pennant

Descending Triangle for BTC?!?!Or, potentially this pattern plays out bullishly, there's been a bullish cross on the KST, and whales like to negate patterns frequently with fake-outs in either direction before defining a shift in momentum. The RSI is forming what could be considered a bullish pennant pattern, recently there's been a series of higher lows, but on the contrary, there have been a series of lower highs for nearly a week coinciding with Bitcoin's ATH's in price. On the KST there's been a bullish cross where I have placed the blue downward-sloping finger.
COINBASE:BTCUSD
by ScotianBot
8
FRONT/USDT LongFRONT/USDT looks to be leaving a bull pennant that has been forming for a bit over a week. Price has dipped in to the blue accumulation zone. If/when it leaves that zone to the upside and confirms the bull pennant breakout, this could be a fruitful play with a pennant long term target at $10.26 with resistance stops that are necessary to flip along the way at the Fib retracement lines in order to add conviction that this target can be reached. It is also necessary to flip the MA30, EMA100 and EMA200 in order to consider this hefty target elsewise this bullish argument is moot. Frontier Wallet is a one stop shop project aiming to increase convenience in the DeFi world allowing for quicker more fluid personal transactions by giving you the ability to manage your own addresses and stake, exchange or swap assets all in one place.
FLong
by Hrempe
REN/USD LongREN here looks primed for a move upward especially if some volume comes in to add confluence -A running flat (3 3 5) has been formed here -The MA100 is well below the EMA30 which is temporarily acting as support creating more bullish confluence. -If the gold line keeps holds as support and the bull pennant (gray) breaks out the top diagonal we should see a move toward $1.50 at least Ren Protocol provides interoperability between different blockchain platforms. REN is fundamentally sound and is Decentralized Finance (DeFi) so will be getting a lot of attention this coming year and long term will likely be a good investment as well as being a solid short term swing.
RLong
by Hrempe
3
btc in a 1 hr falling bull pennantBeing that we are still in the thick of the bull market, probability favors this eventually breaking up....if it breaks up where I have marked the dotted green line then the target listed here will be the measured move...however the outcome of breaking upward might be so obvious that the opposite happens instead so we must always wait for a confirmed breakout or breakdown either way. Probability favors the upward break but that is by no means financial advice of any kind. Also important to remember on a small time frame chaert like the 1hr timeframe patterns get invalidated all the time even in as roaring a bull market as this so a breakdown is still very much possibility. My guess is however that the ascending red trendline will maintain support.
GEMINI:BTCUSD
by DrDovetail
1
Bullish Pennant Forming on the 4HRBTC appears to be forming the beginning of a small bullish pennant on both the 1 Hour chart and the 4 Hour chart, a key indicator that if this breaks above the top of this pennant, a bullish continuation will most likely occur. We still have a lot of potential for growth, however, a major retracement is still possible, so trade carefully and keep capital preservation in mind. We are in some very crucial times for BTC I believe, where it is definitely possible to still retrace back down to $30,000 (very abruptly) before rallying up to $50,000+ My first target still remains at around $66,000 based on the fib extension marked in the chart. Best of luck to you all!
BITSTAMP:BTCUSD
by ColeOutlaw