GSS - Ascending triangle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
Ascendingtraingle
BTC - ASCENDING TRIANGLE IN PROGRESS - POTENTIAL GAIN 3474 !H1 : A potential breakout of the ascending triangle is in progress and should be confirmed.
Likely to see some pullback towards the breakout level (around 40'000)
Watch closely price action over the coming minutes and hours, as a breakout confirmation
of this pattern would open the door for 43'434 (+ 3474) which would be the first step towards
the next significant resistances levels I mentioned in my previous analysis published earlier
today.
A failure to hold above 40'000 would invalidate this pattern for the time being.
USDHKD Short/Sell IdeaUSDHKD Short/Sell Idea
waiting for a momentum candle close below 7.8325 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Ascending Triangle (in blue)
3- Resistance/Supply zone from Daily/H4 (in blue)
Three confluences are enough to consider Selling USDHKD, after a break below 7.8325 (in gray)
AUDJPY - Potential SELL from KEY resistance - ASCENDING WEDGE AUDJPY has been trading between a nice range since early January.
Potential SELL from 79.50 with stop loss set above 80.00
First Take Profit set at 78.50.
The pair are also trading between an Ascending Wedge Pattern, this indicates a potential reversal
REINET (RNI) DAILY TIMEFRAME LONG SETUPA potential long position can be taken on the Reinet Investments share (RNI) on the daily timeframe. Price is currently in an advancing stage (uptrend) and the buyers are willing to buy at higher prices as evidenced by the ascending triangle pattern, where we see some higher lows. Traders must be aware of potential retracements to the trendline, and therefore it is safer to enter a long position on the break to the upside of the ascending triangle.
Remember, a trend is a trend is a trend!
Major change in market for XEMAfter the bears being given the opportunity to control the market for months. The bulls are finally awake and hungry to look for an opportunity to take away that ability to control the market from the bears.
After a month-long downtrend and a heavy spike down in prices, an ascending triangle is forming with the prices of XEM finally breaking through the month-long downtrend resistance.
Traders could look to take a long position now with the prices of XEM being slightly below the support of the ascending triangle. Indicating that it is oversold and prices are expected to make a major change as it goes long
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