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Bearish Pennant

USDT.D FORMED BEARISH PENNET HUGE CRYPTO BULLUSDT.D has formed a bullish pennant pattern, and the daily RSI is in the overbought area. At the same time, the weekly RSI trendline has been rejected. This indicates a likely decline for USDT.D, giving the crypto market a chance to move upwards—a bullish sign for BTC and crypto. 🚀📈 #USDT.D #Crypto #CryptoMarket #BullishPennant #RSI #Overbought #MarketAnalysis #CryptoTrading #Bitcoin #BTC #Altcoins #Bullish #CryptoInvesting #TechnicalAnalysis #CryptoSignals
CRYPTOCAP:USDT.DShort
by crypto_vulture_signals
BITCOIN - Bearish Pennant PatternBITCOIN 1-hr. Chart Analysis As per yesterday Downtrend of CRYPTOCAP:BTC , it was moving at present into Bearish Pennant Pattern, that's the indications of pattern breakout within 12-18 hrs. and market goes into bearish zone, and it will reach around $30k first and then upto next 24 hrs it will be goes bearish towards $29.5k with complete #Altcoins market goes under july #BearishZone cycle. Into previously many charts i show that, Bitcoin downtrend cycle of Bearish Zone starts from 7-9 July to 22-25 July. Always #DYOR & Trade Wisely by using #StopLoss MUST LIKE & SHARE it....
BITSTAMP:BTCUSDShort
by AskToRahulSirohi
Ashokley Numerous Bearish signs!!!!Chart Patterns look good for a short trade REASONS 1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW) 2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below) 3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen. 4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled) 5. Target(dashed bright green lines) & Sl(dashed red line ) levels mentioned @ chart 6. Gap zone(green rectangle ) can acts as good support!! Just be fixed with the SL level. Let's wait and watch how it moves!!! NOTE - Just sharing my view....not a tip nor advice!!!!
NSE:ASHOKLEYShort
by mmjimm
MCDOWELL_N Analysis- in verge of notable Down move ??!!!Chart patterns look prudent for the above titled opinion REASONS 1. MCDOWELL_N has been trading inside a Ascending channel pattern (taking support and resistance at perfect channel levels)( shown below Monthly chart for broad view) 2. Monthly Breakdown by witnessing the January month candle(with volume bump) with low too tested the next month 3. Inside the Ascending channel pattern, it is undergoing the downswing move in the form of descending expanding channel pattern (shown by white trendlines) 4. High and Lower high too formed ....but we need lower low in the weekly chart to confirm the upcoming strong bearish move (shown below in weekly chart ) 5. There is also a BEARISH PENNANT (shown in the above weekly chart itself) yet to breakdown!!! 6. SL level mentioned @ chart 7. Better to enter after breakdown...if entering now, take 736 as target 8. It needs to break the 730 level for the fat bearish move !!! 9. Will update target levels once it gives breakdown!!! Let's wait and watch how it moves!!! Note- Just sharing my view...not a tip nor advice!!! Regards, mmjimm
NSE:UNITDSPRShort
by mmjimm
MUTHOOTFIN Down to see 800 level ??!!!Chart patterns insist me the above titled opinion. Reasons 1. Muthoot finance has been travelling in a expanding triangle pattern from 2015. 2. Till now, its respecting the pattern by taking support and resistance at perfect levels. 3. Currently it is in downswing inside the pattern. 4. It may take take support at the Major support (GRENN LINE 800 LEVEL ) soon . In Weekly timeframe, there is BEARISH PENNANT formation , yet to give BREAKDOWN. 5. only if the Bearish Pennant gives BREAKDOWN , we can confirm the down move . I will update(Target and SL) once it gives Breakdown!!! We need to wait, as the breakdown can occur this week or 2 month later or never. Let's wait for the Market's decision!!! As of now, (on seeing the chart) its not easy for bulls to charge up. Note : Just sharing my view....not a tip nor advice!!!
NSE:MUTHOOTFIN
by mmjimm
7
KOTAKBANK in Bear's Radar ??!!!Chart patterns look impressive and paves way for the above titled opinion REASONS 1. KOTAKBANK has been trading inside ASCENDING CHANNEL(Bright red and green trendlines) taking support and resistance at perfect levels till now. 2. Currently it is going under the down swing move inside the ascending channel . 3. In daily time frame , it looks like a Bearish Pennant in process yet to break. 4. Target & SL levels as mentioned (dashed yellow horizontal lines)@ chart. 5. It may take support @ Green line( 10year old strong support from 2014 ) (channel support) soon. 6. In addition to the above mentioned points, A GAP remains UNFILLED till now. 7. Gap often gets filled .....there is a chance for that to happen... .let's stick with our targets and trail our SL!!! 8. Better to enter after a day or at least 2 hour Breakdown out of the Yellow trendline .(as shown below) Let's wait & watch how it moves!!!! Note- Just Sharing my view....not a tip nor advice!!!!
NSE:KOTAKBANKShort
by mmjimm
2
Dogecoin short-Multiple trade setupDogecoin is forming some bearish trade setup these days.It may give us some great fall after the breakout.Here are two trade ideas-swing and intraday that I wanna share with you guys in detail.check below. Trade 1: The first one is a swing trade.Dogecoin made a beautiful double top pattern in 1H time frame which broke out it's neckline(0.9684 level) downward and now is retesting from a lower level (0.09274) on a trendline.It is now at the breakout point of the trendline and if it breaks,a short trade can be initiated to the support level of 0.08012. You might have hold it for some days.keep an eye. Trade 2:It's an intraday.A bearish pennant is made on 15m/1h time frame and about to break out.It can break downward to the level of 0.08894.if it breaks the pattern,a short trade could be taken there.follow the levels. Make it happen,get some good profits.Happy Trading.
Short
by marketshero
Bitcoin Short-Bearish Pennant BreakoutBitcoin is making a pennant pattern which is about to breakout. It's a bearish pennant ,formed in 4h time frame.A bearish pennant usually breaks out downward but during the mixed emotions of the market and its' volatility can be cause of uptrend too.Also the market is on downtrend for a long time so a up move can be expected too. But the major signs is in favour of bear market so keep an eye guys.wait for the move.The targets of upward is 18916 and 20997.and the downward target is 15640 and jump to 12133.Happy Trading.
BITSTAMP:BTCUSD
by marketshero
TESLA ON HOURLY CHARTTesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also if we look at the resistance level we can observe that every time stocks comes near resistance price there was a good reversal with good volumes.(Red Volumes bars more). Reason for shorting setup because- 1)Sustaining below 200MA indicating major downtrend. 2)Fibonacci levels retracements. 3)Selling pressure up, red candle in volume increasing near resistance area. 4)Bearish Pennant pattern. Trade safe.
NASDAQ:TSLAShort
by Trademint08
TATA CONSUMER Bear Pennant PatternCan you see the Chart is speaking very clear?! - 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance - On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now - Also notice how Price cannot sustain above Anchored VWAP from the Tops - Price is heading back to 440- 420 on the downside - Bearish view negates above 520 - Enjoy the Downride and avoid Longs since it was just a Pullback within a Bear trend
NSE:TATACONSUMShort
by T_Harth
1