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Ascending Triangle

Ethereum ETHBTC - New all time high this year! Then a big crash? Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair. According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave. Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH. Look at my ideas about interesting altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
52
ETHEREUM PERSONAL ANALYSIS IN THE SHORT TERM (ASCENDING MY BANK)The total evaluation for the Ethereum asset is bearish. Please be mindful of your risk management as always, this is number 1 -- even if you are the most amazing and colorful technical analyst with all those patterns and whatever, all of it are crap in the face of no risk management, in short you might as well be no different to wallstreet redditors. The asset as show in the chart has made a very convincing ascending line of triangle with continuous rejections on the 1620$ region. A breakthrough above 1620$ is very possible at this point and would potentially even reach a max level of 1720$ before dumping for a retest. To add for a further confirmation that this ascending triangle is valid is because we came from a triple bottom from BTC around 19,500-19,800$ The retest can be two things: Either it breaks down and it was indeed a falling wedge now. It continues to be a rising wedge. Please do not consider this as your edge towards your mega bullishness, the markets in both forex and crypto are still in a bear trend, a macro bear trend. This is just one of those mini-bull price action that will often reflect itself on the weekly as a higher low. Do you like this chart? Save it then! Comment on it, share it, boost it, bookmark it -- its yours! For free!
Long
by Wamses
PGAS Rise Up*PGAS*. Weekly time frame (long term). Ascending triangle pattern. Buy if broke up 1860. TP1 2450, TP2 3050, TP3 (extended) 3380. SL based on theory at 1495, but this is too far below. I would prefer SL at 1780, coz if it down below 1780 it means it dives into the triangle area again, not good, failed to go up. Better exit first, and wait until the next swing low or confirmation from the price action. DYOR ya. Disclaimer on. PS: ASII also has ascending triangle pattern.
IDX:PGASLong
by Bitking001
Tata Consumer Product Ltd . The beauty of Trend & PatternsThe idea here is about :Tata Consumer Product Ltd. I thought of publishing this to show the beauty of how the trend is interconnected with harmonic, wave patterns & market sentiments. Below are the points taken from the chart: 1. On 15th September 2021 downtrend channel begins & till 16th November 2021 chart completes double top & Bearish ABCDE pattern. 2. From 16th November 2021 till 20th December 2021 price sees a downtrend breaking the previous support zone. 3. From 20th December 2021 till 14th January 2022 price retraces but gets rejected from the previous support zone which is now become a resistance zone. 4. From 14th January 2022 till 7th March 2022 price continues in the downtrend direction forming a falling wedge pattern. 5. From 7th March 2022 till 2nd May 2022 price moves in the opposite direction of the downtrend and breaks the downtrend channel. I see it as over brought zone. Price couldn’t keep the upward momentum & again gets back in the downtrend channel from 4th May 2022 till 26th May 2022 and tests the newly formed support zone. 6. From 26th May 2022 to 7th July 2022 price tries to break the downtrend and forms a ascending triangle, price breaks the downtrend successfully on 8th July 2022. This is a clean break out of the downtrend channel. 7. 8th till 14th July 2022 price retests the downtrend and confirms a upward momentum. 8. From 12th July 2022 till 12th August 2022 price completes shark pattern. 9. Shark Pattern: The shark candlestick pattern is a new harmonic chart pattern discovered in 2011 by Scott Carney that indicates a trend reversal possibility. Entry, stop loss & Exit targets are provided for understanding the shark pattern on the chart. As traders we cannot foresee things clearly until certain points are established on chart. Therefore it is always better to have patience and wait for clear signals before we make our move in the market. One should always swim along with the market instead of hopping on and off at the wrong time. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:TATACONSUM
by Tron029
Litecoin LTC - A new bull market started! | Elliott Wave Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished! This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings. Regarding my Elliott Wave analysis, a major impulse wave has been completed, and now I expect at least a retracement to the upside. Also, we can spot very nice local inverse head and shoulders and falling wedge patterns that are very close to a breakout! The falling wedge has been destroyed by the bulls successfully, and now we are waiting for the head and shoulders pattern. The last weekly candle of the downtrend is an extremely strong bullish engulfing candle, which is absolutely great to see! The BTC.D Dominance chart confirms this analysis (I will post the BTC.D technical analysis probably next week). For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
39
Bitcoin BTC - Ready for a massive uptrend! | Elliott wave Bitcoin has successfully completed a retracement of the first impulsive wave! This correction was very fast but also relatively strong (almost 0.618 FIB). This was a classic retracement for the second wave.  It is possible that we see these lower prices for the last time, so if you are still hesitating and waiting for 13 000 USDT or even 6 000 USDT per bitcoin, then I think it's not going to happen. It's everyone's dream to buy cheap Bitcoin.  We must remember that Bitcoin successfully defended its previous all-time high from 2017, which was around 19 000 USDT, depending on exchanges.  The third wave of the first impulsive wave is an extended diagonal, which is pretty rare to see in the market. But as per Elliott Wave himself, diagonals also appear in third waves.  The next major resistance and high liquidity area is exactly at 34000 USDT. It's very likely that we will make a pullback here.  Bitcoin is pretty weak compared to altcoins like BNB or ETH, because the BTC.D (Dominance) chart is going down and people prefer altcoins instead of Bitcoin at this moment. This trend should continue for another year (alt season). For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
60
Bitcoin - Correction has been completed! New bull run started. As per my Elliott Wave analysis, an ABC correction (ZigZag) has been finally completed, and we have to start a new impulse wave! Now or never. We have a falling wedge pattern that is very close to a breakout. Indeed, this is definitely not a nice wedge, but the shape is similar. The previous first impulse wave has a third wave overlap structure, which is definitely acceptable. It's pretty rare to see it, but Elliott said it's possible.  Bitcoin's dominance is going down - LTCBTC is breaking out of the major downtrend from 2018. ETH looks much stronger together with BNB. This indicates an alt season in progress.  I am bullish on Bitcoin and on the stock market, and I don't think we will go to 13 000 USDT. Prepare for the 10-year biggest bear market in Bitcoin history if we fall to 13 000 USDT.  I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
104
BRISE - possibly a 30 to 50% pump coming with CEX listing!I was watching for coins or tokens to purchase if BTC would crash, I looked at Solana and saw market cap is still 11 billion. I thought, well, lets look for fastest blockchains, maybe there is a new one. I found Brise, then I saw it went up by 300% in a couple of weeks. I looked in the Telegram and saw there was a CEX listing coming, then I decided to open a chart, and what do we see. This blockchain is faster than Solana, has a market cap of 300 million at 0.0000009 and supply of 474T. - cup and handle formation - ascending triangle RSI shows slight bullish divergence, with overbought conditions. I expect a 30 to 50% pump within a week! DYOR.
Long
by Heartskull
1
How to Straddle an Ascending TriangleFor info on Ascending Triangle, check out my previous AMZN chart. XLE consolidated 2 weeks prior to form an Ascending Triangle on the 4hr chart. The 2 week period at the end of July XLE gained 20% . This sets up a Great risk/reward around a sector with NG on the move. Don’t count out the oil bull either. While markets were bearish overall, XLE was on a 60% top before June. Falling Energy gave way to lower inflation prints in June and July. I can see XLE going to June high of 93 to form a cup and handle. More on that in my next XLE idea.
AMEX:XLELong
by SPYvsGME
3
PANW:Earnings surprise catalyst!Palo Alto Networks Short Term - We look to Buy at 533.54 (stop at 509.45) They reported better than expected earnings and share jumped in premarket. We are trading within a Bullish Ascending Triangle formation. Broken out of the triangle formation to the upside. Previous resistance at 531.00 now becomes support. Dip buying offers good risk/reward. Our profit targets will be 604.82 and 620.00 Resistance: 560.00 / 605.00 / 640.00 Support: 531.00 / 460.00 / 400.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:PANWLong
by VantageMarkets
GOLD - New bull market has started! | All-time high next year Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving average. The 200 weekly MA is considered a very strong support area by huge institutions and hedge funds. I think this will be the final impulsive wave and then we can go back to retest the rectangle from the upside. You can place your profit target at the top of the parallel channel , but do not forget to switch to the LOG scale. For more analysis, please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
32
Bitcoin - Last valid bullish EW count was invalidated, what now? I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem?  From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes be a diagonal, not only an impulse. which I think could be true.  2) This was a huge WXYXZ corrective structure and we must go below 17622 USDT to confirm this count, make a new low, kindly by a wick, and then we can start a brand new uptrend or continue lower to 13-15k.  Which one of these options do you see? Let me know in the comment section what you think about it!  This technical analysis shows an impulsive wave with a non-standard diagonal third wave. We still have a total of 9 waves, which indicates a bullish movement as per the simple rule that 5, 9, 13, 17,... waves are generally impulsive structures.  Market structures are not perfect. Sometimes you can see a weird triangle or a weird wedge, as well as a weird impulsive wave. I don't trade Bitcoin, because my strategy and system is a strict pattern that occurs only sometimes in the market. That's why I watch 1000+ altcoins and pick only the most promising ones as per my strategy. But I do have Bitcoin for the longterm hodl.  For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
75
Decentraland (MANA) sending mixed signals for AltsMANA 1D has been forming an ascending triangle in downtrend as opposed to the more common formation during an uptrend. To form this pattern you need an initial rally where price action begins to consolidate between a flat resistance point and rising support trend line before continue on. Unlike in an uptrend, when the ascending triangle pattern develops during a downtrend it’s more likely to signal a reversal than a continuation. Very rarely will the pattern form perfectly and in the current market conditions we have seen many fake outs and overthrows across most coins so always look for confirmation. How to trade this pattern: Go long on resistance break out but only after confirmation. Go short on support breakdown but only after confirmation. With that being said it's seems more favorable for the bears that we would see a breakdown of support as the prevailing trend is downward and can often lead to resistance holding. With pattern trading or candlestick patterns its always wise to use another tool for confirmation of your analysis. Something such as the RSI can improve your odds of succes.
M
by jlouvierobv
AS Rome Fan Token ASR - Huge opportunity! Head and Shoulders! For some reason, fan tokens have been very strong in recent weeks, so it's a good time to buy! We have an inverse head and shoulders and a falling wedge pattern on the daily and weekly charts, which is great to see. Also, the main trendline from 2020 has been destroyed by the bulls recently, which is another great sign of upcoming strength.  If we take a look at the volume indicator, we can clearly see massive bullish volume this year, so there is definitely an increase in interest. The profit target is at the all-time high resistance level. You can also focus slightly below this level. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
48