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Ascending Triangle

🥇GOLD - False break of channel resistance Gold is breaking through global channel resistance, but is also bumping into a strong horizontal level. TA on the high timeframe: 1) The trend is still bearish, price is under strong resistance 2) Price is discovering a new range. But if price consolidates below 1930, a bearish potential will form TA on the low timeframe: 1) A bullish wedge is forming. A breakout of the figure's boundaries will form a strong impulse 2) The price inside the ascending price channel makes a false breakdown of resistance 3) The price after the false breakdown may form a correction to the support. 4) Breakout of 1938.915 will give a buy entry point Breakout of 1930 will give a sell entry point Key support📉: 1930 Key resistance📈: 1938.915
OANDA:XAUUSDShort
by AndeWave
16
SPX - Ascending Triangle (potentially bullish)A bearish divergence that appeared on 30th June had resulted in a short term and relatively shallow pullback (50% retracement of the mini AB swing) lasting several days. The uptrend has remained intact so far (and very much so). In fact it looks like an Ascending Triangle pattern could be forming. This is a continuation pattern (of a prior trend, which was "up"). Waiting to see if a breakup will materialise in the near term. However, should it break down instead (though with lesser odds), then current support is still around the 4300 region. Disclaimer: Just my 2 cents and not a trade advice. I like to keep my analysis simple as analysis paralysis is real especially for newbie traders! Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
SP:SPXLong
by Juliac
MATICUSDT → Breakout figure and an attempt to change the trend BINANCE:MATICUSDT breaks through the resistance of the key figure and opens a new bullish potential. If the nearest resistance is broken through, the price can form a strong momentum. Earlier we saw an attempt of strengthening, which smoothly changed from an ascending price channel to a bearish wedge. The latter figure is quite capable of breaking the trend and changing it, for this in our case, the price needs to pass through the resistance of 0.7440. Recently cryptocurrencies, both bitcoins and altcoins, start to recover, and there are even some fundamental reasons for that. The moving averages act as resistance, but at the moment the MA-50 is being tested and in case of a breakout the 31% range will open, which is quite an interesting prospect for us. Support levels: 0.6500 Resistance levels: MA-50, 0.7440 I expect consolidation near resistance, followed by a breakout and bullish momentum. The medium-term target is 0.9700. Regards, R. Linda!
MLong
by RLinda
14
ACCO Potential up until $6.39🐂 Trade Idea: Long - ACCO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 5.57 🐿 DCA: No / Yes, up to or down to xxx.xx 😫 Stop-Loss: 4.75 🎯 Take-Profit #1: 6.39 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Double bottom on the weekly at 4.27 with an ascending triangle formation. At 6.50 we can see the current neck line. First profit target should be slightly below at 6.39. Rest can trail and if we can jump above the 6.50 we could see some substantial upward potential. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:ACCOLong
by LGNDRY-Capital
1
GBPUSD → What kind of reaction could there be to resistance? FX:GBPUSD continues to form an uptrend, but at the same time the price is hitting a strong resistance area. We are waiting for the price to react to the area, which will determine the further direction. A retest of the level 1.28484 will tell us that the market will prepare to strengthen after breaking through resistance, but a consolation below the level will signal further decline to 1.26900. In an uptrend, the price could test the resistance again in the near future. The dollar is in a range and a decline towards support will give the currency pair a jump to break through resistance. The pound might continue to strengthen in the mid-term based on a more positive fundamental background than the dollar. Support levels: 1.27267, 1.26800 Resistance levels: 1.28484 I expect an attempted retest to the resistance, which may give a further signal. It is necessary to monitor the price reaction to the upper limit of the range. It may be followed by a pullback before further growth. Regards R.Linda!
by RLinda
15
Buying Opportunity📈 My bias is strongly inclined towards buying GBPUSD. Currently, I'm eagerly anticipating the formation of an Ascending Triangle trading setup. 🔍 There are two possible scenarios to consider: 1️⃣ Waiting for a retest back to the trendline for a prime buying opportunity. 2️⃣ Observing a violation of the red line at 1.2853, followed by a retest, before entering a trade. Stay tuned as we closely monitor the market for the ideal buying entry. Don't miss out on this potential opportunity for profitable trades! 💰💼 #GBPUSD #AscendingTriangle #TradingSetup #BuyingOpportunity #StayTuned
Long
by RaynLim
GOLD → Mid-term perspective OANDA:XAUUSD breaks the uptrend. A break of the support of the bullish price channel ends the impulse to 1893 and forms a smooth transition to the state of consolidation in the flat boundaries On Friday, the price makes a retest of the previously broken support level of 1935. Tandem of technical and candlestick analysis does not give the preconditions for a possible breakout of the resistance in the near future. In the first half of the week the price might again test the 1935-1939 area and make a false-break. The situation looks bearish at the moment, so my main priority is the downside of the price to 1907 with a new attempt to break-through this support. The moving averages are also pointing at the formation of a global flat. 1954-1870. The strong pressure from the sellers is likely to be still present in the market. The medium-term outlook points to a possible further decline. To make a bet on further growth from the technical analysis point of view, the price should break through the resistance area of 1935-1935, and then the momentum to 1960-1981 will be formed. There are some interesting news in the week ahead. The inflation in the west is still high and in that case the gold has negative fundamentals as the Fed continues to aggressively look at the rates. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
19
BTCUSD → FB before the breakout, waiting for the retest BITSTAMP:BTCUSD is testing strong resistance at 30575, but a false-break of the level tells us that the price is not ready to grow (at the moment). It might form a pullback or flat pattern below the level before rebounding further Globally, we have a bullish trend, the price is getting stronger. The rally is followed by a consolidation and a pullback, after which the cycle repeats again. The price is gradually renewing its highs. Fundamentals are getting stronger amid a surge of activity and some positive investor interest news. The moving averages on the D1 show us a bullish trend, the same is true for the weekly chart. The price forms a range after breaking through 25000. The range boundary is 30285 - 25000. I would not expect in the medium term a decline to 25000, most likely the price may form a consolidation between 30000-28500, after which the price will continue to form resistance retests for a breakout. Support levels: 29800, 28500 Resistance levels: 30575 I expect a consolidation or a technical pullback after a rally. Bitcoin is not highly susceptible to technical analysis, but it is excellent on fundamentals. Fundamental background is more inclined to a positive trend. In the medium term, I expect growth after the breakout of 30575. Sincerely R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
6
GMX high trader grade on token MetricsGMX presents a bullish opportunity with positive indications from the Token Metrics Trader Grade ratings and chart analysis. The price action on GMX is forming an ascending triangle pattern, suggesting a higher likelihood of a breakout to the upside. Based on this pattern, the measured move indicates a potential gain of 42%. Additionally, there is a noticeable gap in the Volume-Weighted Price (VRP) all the way up to the measured move level, indicating potential momentum for further upward movement. When considering the technical indicators, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the possibility of a retracement towards the lower boundary of the triangle. This could be considered a riskier entry point but offers greater potential rewards. Alternatively, a more conservative approach would be to wait for the price to break above the upper boundary of the triangle and retest it as support. Setting alerts on both the upper and lower trendlines would be prudent. Monitoring smaller timeframes like the 5-minute chart can provide additional insights for determining an entry point. Overall, GMX appears to have a bullish outlook with multiple factors aligning in favor of a potential upward move. As with any trading decision, it's important to conduct thorough analysis and consider personal risk tolerance before entering a trade.
Long
by Fermented_Crypto
NIFTY ASCENDING TRIANGLE - 04/07/2023NIFTY50 Formed ASCENDING TRIANGLE PATTERN BUY ABOVE - 19330 SL - 19290 TARGETS - 19400,19470,19540 SELL BELOW - 19290 SL - 19330 TARGETS - 19250,19200,19160 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. HAPPY TRADING GUYS
NSE:NIFTY
by Jagadheesh_JP
5
Bitcoin - Parabolic phases (1 million USD in 2044) As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. And it's still a pretty optimistic price target, in my opinion. Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the party. In 2017, the crypto bubble popped, and phase 2 of the parabolic phase ended. 2017 was historically the biggest year for altcoins and bitcoin. Everything went up, including scam coins, and it will never be like this again. Now Bitcoin is in phase 3 / phase 4. Phase 3 is not sustainable because otherwise Bitcoin could hit 100 million USD in 10 years. Just calculate the market cap; it doesn't make any sense. That's why I am sober all the time and focus on realistic price targets. Bitcoin is still a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants. If phase 4 of the parabolic cycle breaks, then it's likely for Bitcoin to go sideways for 5–10 years, but in my opinion, it's not going to happen because the trendline of the parallel channel is pretty low, and with the current date, Bitcoin has to drop below 4700 dollars, which is not going to happen. This is a very realistic technical analysis. 1 million USD in 2044 is not impossible, but the majority of retail trade thinks that 1 million should be hit in a few years.  In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSD
by UnknownUnicorn2537518
118
Shree Cement: Ascending Triangle Breakout and RetestShree Cement(stock symbol: SHREECEM) has been forming an ascending triangle pattern since April 2022, but recently it broke the pattern with a gap down. However, it managed to recover and is currently retesting the lower trendline. During this retesting phase, the stock is forming dojis, which could potentially act as a trigger for a further move. To implement a trading strategy, a stop-loss (SL) could be placed above the high of the doji, while the target levels are set at 22,623 as the first target and 21,853 as the second target. Note: It's important to keep in mind that financial decisions should not be solely based on patterns or technical analysis, as market conditions are subject to change. It's advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.
NSE:SHREECEMShort
by JigarHathiyani
USDJPY What will happen in the near future?🌟The USDJPY is in a Bullish phase by ⤵️⤵️ 🌟 Bullish signals are: - Bullish Cup & Handle - Bullish Pennant - Dynamic Support zone - Pivot R1 monthly - Ascending Triangle - moving EMA 20 50 ✅TARGETS: 142,148 ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ⏮️Previous Analysis⏮️ ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
7
BNB 4HWith all the news surrounding Binance and its SEC battle that lay ahead I thought I'd look at a potential BNB trade. We've seen the coin drop from the $300 mark in a pattern of huge sell off followed by consolidation, then sell off again until we've reached the ascending triangle pattern I have shown on the chart. This pattern is very close to breaking down and I think will result in a retest of the Local low that was set at the end of last year and was briefly tagged recently on June 12th. There is a clear range that can be split into quarters to help mange this trade. If the triangle pattern is lost, the midpoint will need to provide support, if it does not BNB will retest the $220 in my opinion. From there $180 is the last chance at support as it's nothing but air after that, BNB will be in freefall. On the bullish side all this downwards price action has left a lot of inefficiencies in price that will eventually be revisited, I just don't think it will be soon given the outside forces acting upon the coin. If BTC has a huge rally from here that's BNB's only hope.
BINANCE:BNBUSDShort
by ProR35