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Ascending Triangle

GOLD → The target is the same. Waiting for a breakoutFX:XAUUSD continues to grow. Yesterday there was an emphasis on the liquidity area located near the previously broken channel boundary and the level of 2328. A false breakdown resumed the rise and today the price reached 2354. Since the opening of the session, the price is heading again and testing the new global high formed on Monday. Based on the fundamental reasons and technical component at the moment the growth will continue. It is worth emphasizing on 2354. The break of this level will form the continuation of growth to 2375 and further to 2400. Resistance levels: 2354. Support levels: 2328.4, 2342 Technically, a small correction or a pre-breakout flat may follow from 2354 before the subsequent growth towards 2400. Gold is rising purely as a Haj asset that finds its use in times of crisis. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
BITCOIN $BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOINBITCOIN BITSTAMP:BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOIN BUY/LONG ZONE (GREEN): $71000 - $83000 DO NOT TRADE/DNT ZONE 1 (WHITE): $68500 - $71000 DO NOT TRADE/DNT ZONE 2 (WHITE): $63000 - $68500 SELL/SHORT ZONE (RED): $52000 - $63000 Weekly: Bullish Daily: Bullish 4H: DNT The DNT zones are separated into two and can also be used to create expanded zones for the bearish and bullish areas. The zone is split at the 68500 level because this holds structural impact on the lower timeframes and is roughly where price should create a new support level at for the ascending triangle pattern that can be seen on the Daily timeframe down to the lower timeframes. Whether price further creates bullish support or breaks through the level and down into the bearish area, the 68500 level is my main trend determination for the lower timeframes. The ascending pattern can also be seen on the Weekly but is more so shown as a tight range and does not show as much detail as the Daily and 4H pattern did. My main focus for looking for entries is going to be on the 4H timeframe and try to follow the chart pattern of the ascending triangle, whether it respects it or breaks it. The bearish target was determined by where previous bullish momentum had started, about a 17% drop from the start of the bearish area. The bullish target was made to roughly match the same percentage distance as the bearish target, which is where the 83000 level came from. Previous CRYPTOCAP:BTC analysis is linked below! This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, bitcoin, bitcoin price, bitcoin halving, btcusd, btc, CRYPTOCAP:BTC , BITSTAMP:BTCUSD , bitcointrades, bitcoinlong, btcusdlong, bitcoinshort, btcusdshort, bitcoinanalysis, bitcointrend, bitcoinrange, bitcointriangle, triangle, ascendingtriangle, chartpatterns, trianglechart, ascendingtrianglebreakout, chartpatternbitcoin, bitcointriangle, bitcoinhalvingschedule, bitcoinbreakout, bitcoinrange, bitcoinrangebreakout, triangularpattern, flag, bitcoinpatterns, bitcoinchartpatterns, btcpatterns, btctriangletrade, btctrianble, btctrend, btctrades, btclong, btcshort, btcrange, btcbreakout, btcbreakdown,
IBKR:BTCUSD
by TonyAiello
BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?BINANCE:BTCUSD is trading in a neutral market. After updating the global ATH the market did not let the price to this zone, strong support levels are formed from below. The conglomerate of strong zones in general indicates that there is no clear potential at the moment and consolidation will continue further. The price is trading within a range, the boundaries of which are narrowing and beginning to remind us of a symmetrical triangle. The disadvantage of this pattern is that it is not clear in advance in which direction it will go, some people consider the setup as a figure that can continue the trend, but it all depends on a variety of reasons. In the combination of technical and fundamental analysis, there is a higher probability that the price will further test the resistance for a breakout. What to do now and how to trade at the moment? Price is in a range. Global range is 73679-59313 Local (current) range: 68577 - 64780 Within the framework of medium-term trading: All that remains is to wait for the market to start taking action to move price out of the range: - 71572 - 73679 resistance may affect the continuation of growth. - It is also worth paying attention to the supports: 61447, 59313. False breakdown and liquidity capture will also favorably affect the growth. Within the framework of intraday trading: It is worth paying attention to all levels indicated on the chart. These are potentially important zones, relative to which strong intraday movements can be formed. It is possible to trade both false breakout and breakout of intermediate zones. Resistance levels: 68577, 71572, 73679 Support levels: 64780, 61447, 59313 Technically and fundamentally the market is ready to go higher, but there is an important event ahead - halving, within which before further growth there may be liquidation of buyers and decrease of BTC to more profitable prices. Analytical companies also say that the general mood in the market is changing, which may lead to a correction, but funds continue to buy the asset BINANCE:BTCUSDT CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
BITSTAMP:BTCUSD
by RLinda
19
BTC/USD 4H Analysis: A Prelude to the Halving EventAs we inch closer to the much-anticipated Bitcoin halving event slated for April 20th, the BTC/USD pair presents a fascinating narrative on the 4-hour chart that deserves a meticulous analysis. The halving, a scheduled reduction in the reward for mining new blocks, historically acts as a catalyst for significant price movements, making the current landscape especially noteworthy. SMA200: The Beacon of Uptrend The price trajectory of BTC has recently rekindled its affair with the 200 Simple Moving Average (SMA200), a critical indicator of long-term health. After a brief sojourn below this marker, which had traders biting their nails, BTC's price has resurged above the SMA200, reinforcing the prevailing uptrend. This movement suggests a robust bullish sentiment that refuses to bow down to transient bearish pressure. Ascending Triangle: The Prelude to Breakout The formation of an ascending triangle on the chart is a textbook signal for traders. This pattern, characterized by a horizontal upper resistance line and a rising lower support line, hints at a consolidation phase gathering steam for a potential breakout. Given the timing, this breakout is anticipated to occur before the halving, possibly ushering in a significant price rally. Pivot to R1: A Target in Sight The monthly pivot points, serving as a compass for potential support and resistance levels, have painted a target that seems within reach. The R1 (Resistance 1) level, positioned at approximately $77,000, emerges as the next frontier for bulls. Remarkably, BTC has consistently met all R1 targets since last October, adding a layer of credibility to this projection. As we approach the halving, reaching or surpassing this milestone could be a testament to the market's optimistic outlook. Conclusion: A Confluence of Signals With the backdrop of the impending halving, the technical indicators weave a compelling narrative for BTC/USD. The reclamation of ground above the SMA200, coupled with the formation of an ascending triangle, sets the stage for a potential rally. The historical adherence to monthly pivot R1 levels further bolsters the case for upward movement. Traders and investors should keep a keen eye on these developments, as the days leading up to April 20th could be pivotal for the cryptocurrency market. In essence, the confluence of these technical signals suggests a bullish scenario unfolding in the run-up to the Bitcoin halving. As always, market participants should balance optimism with caution, considering the volatile nature of the crypto space.
KRAKEN:BTCUSDLong
by TradingClue
GOLD → Could NFP cause a counter-trend correction?FX:XAUUSD within a strong rally stops and forms a flat before the publication of NFP. Relative to 2288 a false breakout is formed, bringing sellers into the market. The dollar is in a correction phase, as is gold. The price is testing the local low of 2267.67 but still does not reach the strong liquidity zones of 2265, 2228, 2222. There is still a strong buyer in the market, but after the correction and the false breakdown of 2288 a seller appears. NFP is ahead, a rather important news, which can both turn the market and strengthen the current movement. It is worth paying attention to the resistance at 2288 and 2305. There is a chance to see the continuation of counter-trend correction, but before that there is a chance that a big player will drive the price to ATH before further decline to the specified liquidity areas: 2265, 2228 or to the support of the formal channel. Resistance levels: 2288, 2305 Support levels: 2265, 2228, 2222 Technical factors are not enough now to specify the key areas for opening sales or purchases, so it is worth to base on the fundamental reasons and strong resistance and support areas. TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
13
USDJPY → Rate hike negatively affects JPY USDJPY is preparing to continue its bullish trend amid strong sell-offs of the Japanese national currency. Medium-term target could be 155.0 Amid the change of tactics of the Japanese central bank, traders are still negative towards the JPY and are still very much increasing short positions. On D1 the market still has a strong buyer in the currency pair, this can also be interpreted as the absence of a seller. Previous: The central bank broke out of the negative rate trend by raising the interest rate for the first time in 17 years. Resistance levels: 151.786 Support levels: 150.800 Technically and fundamentally, the currency pair is preparing for the continuation of the bullish trend. A breakout of the nearest resistance will signal a continuation of the upward trend Regards R. Linda!
Long
by RLinda
4
BITCOIN can ascend further ! What Shall we Expect ?Hi. COINEX:BTCUSDT ✅Today, I want to analyze BTC for you in a 4H time frame so that we can have a Short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). As you can see, BITCOIN is in an ascending channel and also recently managed to break the ascending triangle, if the price follows this pattern AB=CD will happen and the price will grow to top of the channel. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Ascending Triangle 🟢 bullish channel ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
3
Ascending Triangle breakout for GTII GTII appears to be one of the cannabis companies in America holding their market cap relatively intact. There is an ascending triangle pattern on the verge of breaking out, and like clockwork cannabis reform in America is a hot topic to capture voters of all ages. “There’s no excuse for our not being in the forefront for something that is now legal for 97 percent of the American public and, where people have a chance to vote, they vote to change the policies,” Blumenauer said. “I am hopeful that we can see some action following through on the legislation I passed—but, more importantly, on the things that the American people want.”
CSE:GTII
by satoshi123
Bitcoin - All time high TRAP - 33% CRASH soon!Bitcoin almost reached an all-time high, but not yet. Wait for it; it will go above the previous ATH from 2021 pretty soon! And what happens after that? A lot of people will start buying the new all-time high, the news will be full of articles, and retail trades will buy the peak. Whales need liquidity, especially on BTC, so they will trigger a massive crash after that. I am expecting a 33% crash back to 50,000 - 47,000. But first, Bitcoin should hit 72,000 - 73,000. From the Elliott Wave perspective, we have almost completed wave (3) of the entire bull market, and we are going to experience wave (4) soon. Then I am expecting wave (5) to finish the bull market; sometimes wave (5) can be super-extended and stronger than wave (3).  What's more, we have a huge unfilled fair value GAP below the current price, as you can see on my chart. These gaps tend to be filled sooner rather than later. My suggestion for you is to wait for much lower prices. Buy Bitcoin at around 48,000 - 50,000. Do not FOMO in! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
148
#BTC is breaking out of this ascending triangle!Bitcoin (BTC) is showing signs of a potential bullish rally of around 15–17%. BTC currently breaking out of this ascending triangle, with an attempt to surpass the crucial resistance level of 69k. Expecting a 15% to 17% rally after the breakout and retest of this pattern. In the event of a worst-case scenario, where the bulls fail to hold the support at 66k, Bitcoin may test the support area of 60k. Stay tuned I will keep updating.
Long
by CRYPTOMOJO_TA
9
MINUSD CLear technical findings show an extreme bullish caseHi guys. I am always on the lookout for assets with clear signs of macrotrends. One that caught my attention was a crypto altcoin called MINAUSD. This analysis is on 1 week timeframe. Signs found on macro timeframes can have powerful moves to upside or downside. Notice firstly the horizontal black trendline around 1.40-1.50$. This was an area for last couple weels we've been battling with as resistance. It also coincides with a potential Ascending triangle pattern. This battle is highlighted by the orange rectangle. This can be identified as a consolidation zone. We are currently breaking out of both the consolidation zone, as well as the ascending triangle pattern. Important to wait for confirmation which would be a candle close showing support on 1.40$ lvl. We do have a lower wick on our current candle (showcasing demand and support) BUT remember this weeks candle just begun. We must wait till sunday for the weekly candle close. If we continue this current trajectory, we will see confirmation. However, there is always potential for a fakeout so this week is crucial. Notice how right above us. There is really no price action acting as support. Just 6 total candles. My opinion is that we will quickly move up to the 3.50$ area. Once bitcoin stalls and altcoins get liquidity injected into them. AND Support is confirmed. Keep an eye on updates with other signs and indicator signals in near future to support my claims. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MINAUSD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
COINBASE:MINAUSDLong
by SafofAllTrades
EURCAD → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . EURCAD long ! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
JOE's situation+next targets and expected movements.Hi. BINANCE:JOEUSDT 😊Today, I want to analyze JOE for you in a WEEKLY time frame so that we can have a Mid-term view of JOE regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). The JOEUSDT is in a Bullish phase by Ascending Triangle & Cup & Handle. - You can look for reasons to enter according to your own personal strategy after approval . ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Cup&Handle - Ascending Triangle Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
ADAUSDT → Breakthrough readiness. Target 1.25.BINANCE:ADAUSDT is forming an interesting potential that may allow the price to break out of the current range and head towards $1.25. There is an interesting situation on W1. A breakout of 0.746 level is formed and price consolidation above the level (On D1), which allows the bulls to cfrm an intermediate bottom. If we pay attention to bitcoin, on H1 the coin is preparing to continue its growth, Cardano may respond to this by breaking through resistance and then rallying to the mentioned targets. Strong support is forming on the chart, based on the local double bottom, liquidation on March 6, as well as the liquidity zone below 0.6850. This allows to form a potential for further growth. Resistance levels: 0.7882, trend resistance. Support levels: 0.730, 0.6850 I expect a breakout of the range resistance, which may give a new breath for the coin. The intermediate target in our case is the end point of the correction at the bear market 0.8992, as well as the psychological level of 1.00 CME:BTC1! BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
7