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Ascending Triangle

Ethereum ETH - More upside is coming! | Elliott Wave | Channel People are calling for ETH to flip BTC, but this is really a serious thing. If BTC loses its #1 position, then it could be a catastrophic scenario and may cause a panic sell of BTC. Of course, this event will take down all coins. But I don't really see any reason for ETH to flip BTC. If you want to bet on it, then good luck, but the chances are really low in my opinion. But overall, Ethereum is still one of the strongest altcoins in the crypto market at this moment. I expect one more impulsive wave to the upside to complete the superior impulsive wave (as per my Elliott Wave count). Also on the daily chart, we have an ascending parallel channel with a very well respected upper trendline. There is absolutely no bearish divergence on the RSI indicator, so the uptrend is really strong and stable. Of course, there is a possibility that we will retest the parallellity of the channel from the downside. Look at my ideas about Bitcoin, alt season and BTC dominance in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
51
Bitcoin BTC - Explosive breakout soon! | Wedge | Elliott Wave Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first. On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure. Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand, 3, 7, 11, 15, 19 = corrective structures. Please keep that in mind! So if we drop even lower from this point, to 20k, for example, then we can count this 9-wave structure as an impulsive wave and we can expect much more later. As per my Elliott Wave analysis, the next wave to the upside should be a massive impulse wave that all bulls want to see. The rising wedge also looks a little bit like an ascending triangle, which is, of course, a very bullish pattern. Next stop 32,500 USDT. We can also wipe out all stop losses at this level before a possible consolidation. 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
74
ZRXUSDT is testing the dynamic supportThe price is testing the 0.618 Fibonacci level below the daily resistance after the second breakout attempt from the 0.39$ area. Now the price is holding the dynamic support inside an ascending channel How to approach it? IF and only IF the price is going to create a new higher high and new breakout from the 0.39$ area, ––––– F1ollow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
1
#2 Bullish Pattern: Ascending Triangle#2 Ascending Triangle The 2nd most bullish pattern is the Ascending Triangle. The Ascending Triangle is formed after an initial trend higher and is typically a consolidation before price continues higher. The price oscillation during consolidation consists of at least 2 swing highs and 2 swing lows. Eventually price meets at the top of the triangle and a breakout occurs. It’s common for ascending triangles to have one or more false breakouts before a final price direction is achieved. Price target is determined from taking the height of the thickest end triangle. Interested in more bullish patterns? See #1 Double Bottom.
NASDAQ:AMZN
by SPYvsGME
20
Swash - Breaking out! Record volume + Base We have an amazing bullish rectangle pattern on the daily chart that is currently breaking out! If we take a look at the volume indicator, we can see that bullish volume is now the highest during this breakout. You can buy SWASH right now, because the structure is already broken and the price can basically explode anytime soon. This is definitely a great buying setup. Price is above all previous trendlines and also above the key 200 MA on the daily chart, which is also a great sign. As per my Elliott Wave analysis, an impulse wave has been completed and I expect an ABC retracement to the upside. 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
44
PG: Can we breakout?Procter and Gamble Co - Short Term - We look to Buy a break of 148.20 (stop at 142.08) The trend of higher lows is located at 138.75. This is positive for sentiment and the uptrend has potential to return. We are trading within a Bullish Ascending Triangle formation. A clear break of 148.00 and we would look for further gains to 163.00. Our profit targets will be 162.98 and 172.00 Resistance: 163.00 / 172.00 / 180.00 Support: 140.00 / 130.00 / 120.00 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.
NYSE:PGLong
by VantageMarkets
BTC STILL STRUGGLING TO BREAK THE RESISTANCE! $30K AFTER BREAK!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is doing fine as of now. It is forming an ascending triangle in 4hr time frame and currently trading inside it. BTC is at the resistance level and trying to break this resistance continuously. You know the more it tried, the weaker resistance become. Once we successfully break out of this ascending triangle and close above the red box then we are ready to go to the $28k-$30k level. Lower supports are $24.2k and $23.5k Invalidation level- If any 4hr candle close below $23.5k then this chart becomes invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
FTX FTT - Strong altcoin! Huge base + Elliott Wave FTT is a very reliable and strong altcoin that you can find on the crypto market, together with BNB. FTX exchange is growing really fast, and there is a lot of demand for the token. If you want reliable and stable gains, this is a great choice for the long term. We have a clear and very bullish structure (rectangle consolidation) and the bulls successfully defended the previous swing low. My Elliott wave analysis suggests that we have completed an ABC correction (ZigZag 5-3-5) and we are prepared for the next impulse wave from here! If we take a look at the volume indicator, we can see very low bearish pressure, so it's really good to see. Our profit target could be 0.618 FIB extension from Wave 1 -> Wave 2, but I think we can go higher. We need to wait for the price to develop. 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
41
SWINGBY - ascending triangle developingIt looks like SWINGBY is printing ascending triangle on 1H chart. 63% technical target, if break upward, first significant resistance is former support at 0,00843 (14% profit from upper resistance level). I suggest taking some profit at that point and moving your SL to break even level... It could take some time to develop and pointless to say (to experienced traders), BTC looks ok so far but could ruin this... Good luck traders and smash that LIKE button, tnx :)
SLong
by PhilosophersStone
MDX - Prepare for a massive breakout! + Huge parallel channel MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the downtrend for a potential breakout trade. The first profit target is at the strong resistance - wave (4) + double TOP, but i think we can go even higher later. I think MDX is a great choice together with KP3R! 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"!
MLong
by UnknownUnicorn2537518
47
Golem GLM - 2000% gains, hidden GEM! GLM has been consolidating since 2019 with sideways price action, and it looks like we can experience an explosive move in the immediate short term! On the weekly chart, we have an ascending triangle and a falling wedge. Both these patterns are generally bullish. The price is now above the 200 weekly moving average. This MA is considered a strong level by huge institutions and hedge funds. Golem is listed on all major exchanges, so pretty much everyone can buy it. This altcoin can explode at any time, and it usually happens very quickly! The altseason is in progress and you can check out my idea about BTC.D in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
64
Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT! Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much. We have a first wave as a leading diagonal and I presume this makes sense from the time perspective. The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks. The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
58
Simple Ascending TrianglesJust a look at some ascending triangles forming on the BTC chart over the last couple of weeks. It just touched on the bottom trend line again in the past 24 hours, so I'm looking for a bounce up from here to the upper line. If we break below, than the triangles fall apart. Also looking for volume to increase as the lines converge, for a break to the upside. Otherwise, low volume could see the price reverse. I will be keeping an eye out for these triangles to narrow over the next week or two before reaching a head. This is a borderline rising wedge shape, but seeing as it is relatively flat on the top line, and the rising price from the prior two weeks, this looks to be a continuation in my eyes. If the price does rise to the vertex, it should bring the price just above a big resistance level, and seeing as there isn't much resistance beyond that from ~$26k to ~$28k, breaking that could be more impetus for the price to break to the upside.
by D-Rock_Anomaly