ASCENDING TRIANGLEInteresting accumulating area that could end up being an ascending triangle bullish pattern if price closes above 307 resistance level, suggesting a long with 1.8 R/R.
Bullish divergence is also seen.
Ascending Triangle
Ascending Triangle: Bitcoin testing important levelsBitcoin still above the Ascending Triagle, now testing important support and resistance levels.
Testing:
• Bitcoin is now testing the $22.300 resistance, and trying to flip it into support
• Also testing the weekly 9 MA for resistance,
• the daily 50 MA for support and,
• the 4H 21 MA for support.
If these tests go well, we will be seeing 26k soon!
NZDCHF ASCENDING TRIANGLE BREAKOUTPair: NZDCHF
Timeframe: 4H
Analysis: Round number level, dynamic support, ascending triangle pattern, volume profile, trend line
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Key Takeaway: Need to see break of the ascending triangle and alot of bearish momentum
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Level needed: Need to see price hit 0.60145
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Trade: Short
RISK:REWARD : 1:8
SL: -14
TP: +110
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
AutoFarm AUTO - Whales are buying! Breaking out + Triangle
First of all I want you to take a look at the volume indicator - we have an elevated volume and massive buying pressure!
On the daily chart we can clearly see a massive descending channel and the price is very close to so a breakout.
Also we have a symmetrical triangle + 200 daily moving average, likewise very close to a breakout!
Impulse Elliott Wave has been completed (5-3-5-3-5) and now we can expect at least a bullish retracement.
First profit target: End of the wave 4 + 0.382 FIB - 91% profit at 600 USD.
Second profit target (recommended): End of the wave 2 + 0.618 FIB - 425% profit at 1683 USD.
Always set your profit target slightly below these levels, to make sure you will get filled.
Look at my ideas about interesting altcoins in the related section down below ↓
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Ascending Triagle Break-outThe Bitcoin price has broken out of the Ascending Triangle. Also it broke the heavy resistance point at the $22.300.
The next great resistance is on $24.550, this is the next target to watch.
FTX FTT - The most bullish altcoin! Huge base + Elliott Wave
FTT is one of the most bullish altcoins on the weekly timeframe, together with BNB!
We have a clear very bullish structure (rectangle) and bulls successfully defended previous swing low.
My Elliott wave analysis suggests that we have completed an ABC (ZigZag 5-3-5) correction and we can definitely go up from here!
If we take a look at the volume indicator, we can see a very low bearish pressure, so it's really good to see.
Out profit target can be 0.618 FIB extension from Wave 1 -> Wave 2, but this is just a projection for now.
FTX exchange is growing really fast and there is a lot of demand for the token.
Look at my ideas about interesting altcoins in the related section down below ↓
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Shiba Inu - Head and Shoulders is breaking out! + Elliott Wave
On the daily chart the price is printing an inverse head and shoulders that is currently breaking out!
Also we have a huge descending parallel channel, so be careful, because there is always a possibility that we will be rejected at the top of the channel.
As per my Elliott wave analysis - the ABC retracement should be completed (ZigZag 5-3-5) and now we should go up at least temporarily.
Wave B is always a strong resistance + 0.618 FIB, place your profit target here.
Look at my ideas about interesting altcoins in the related section down below ↓
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Marlin POND - Very bullish pattern! +150% in few days + Triangle
This altcoins has an amazing trade setup for bulls!
On the daily chart we can see an ascending triangle, the most bullish chart pattern and we are close to a breakout.
As per my Elliott waves analysis, the impulse (5-3-5-3-5) has been completed, so we can expect an ABC retracement now.
On the log scale the price is printing an descending channel and this is a nice profit target for our trade.
This will be a quick trade that can take just a few days.
You can buy a breakout above the triangle, If you want to increase the probability of success.
Look at my ideas about interesting altcoins in the related section down below ↓
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MATICUSDTPRICE ACTION:
• In an uptrend, price action finds first resistance (1), which will the horizontal resistance for the rest of the pattern formation, where it reverse direction goes downwards till finding first support (2), which will be the lowest low in the pattern.
• Price action reverse direction from support (2) and goes upwards, till finding the second resistance (3), which will be -around- the same rate of the first resistance (1).
• Price action reverse direction from resistance (3) and goes downwards, till finding the second support (4), which must be higher than the first support (2).
• The pattern is completed when price action reverse direction from (4) and goes upwards till it breaks the triangle's upper horizontal border at point (5).
Bitcoin BTC - Explosive breakout soon! + Elliott Wave + Channel
IF you are an Elliott wave trader, you have to confirm that this is a valid EW count.
As per my Elliott analysis, this impulse wave (5-3-5-3-5) has been completed successfully together with major ABC correction from 2021.
On the daily chart we can spot 2 parallel channels and they are both close to a breakout, so with this confluence we can increase our probability!
Next stop is major previous horizontal resistance + start of the gap + 0.618 FIB (around 36 500 USDT - 37 500 USDT).
It is possible that we see this low price for the last time, because Bitcoin is very bullish asset and we are on a major support on the monthly scale (from 2017).
Look at my idea about Bitcoin on the weekly timeframe in the related section down below ↓
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Ascending Triagle still in play?It seems like the Ascending Triangle is still in play on the dayly chart. If it plays out, we could see the price of Bitocoin pump to the 25K target.
There is heavy support and resistance between 22.300 and 24.550, so if the price breaks through and reach the 25K target, this could potentially mark the end of the downside pressure.
Binance BNB - Strong buy signal! + Elliott wave + Triangle
Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart.
Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend.
We have a broadening wedge / descending channel, which are usually both bullish patterns.
Also the price is printing a local ascending triangle in the end of the trend - good to see!
Impulse Elliott wave for this huge downtrend should be completed and it is possible that we will never see this low price again.
BNB is indeed one of the most bullish altcoin in crypto.
Look at my ideas about interesting altcoins in the related section down below ↓
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TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave
Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon!
On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns.
If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see.
As per my Elliott wave analysis, the massive impulse wave to the downside should be completed and because of that, I expect an ABC retracement.
Main Profit target is 0.618 FIB + end of the wave 4 (High liquidity area).
We can also get stopped by the descending blue trend line, but i think it will break up!
Look at my ideas about interesting altcoins in the related section down below ↓
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USDJPY (late post)This market has been in a strong uptrend and has recently broken out of an ascending triangle. Price has retested the breakout area and old resistance is now new support. I got long earlier this morning with my stop below yesterday's low.
$GPC looking to break out of its base! Notes:
* Very strong up trend on all time frames
* Great earnings in the recent quarters
* Coming up on the right side of its ~7 month base with higher than average volume
* Creating an ascending triangle pattern (bullish)
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.23
Relative Strength vs. SP500: 1.34
U/D Ratio: 1.34
Base Depth: 21.15%
Distance from breakout buy point: -3.31%
Volume 14.28% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above its 50 day line and the price printed a pocket pivot
* If you're looking for a better entry you can look for one around the ~135.50 area
* This stock usually has local tops when the price closes around 9.65% above its 50 EMA
* Consider selling into strength if the price closes 9.45% to 9.85% (or higher) above the 50 EMA...
* The last closing price is 2.6% away from its 50 EMA
AAVE - Falling wedge is breaking out! + Complete Elliott Wave
AAVE is ready for a new bull market!
On the macro scale, we can see a falling wedge pattern that is currently breaking out.
As per my Elliott wave technical analysis, the ABC correction has been completed and because of that we can expect a new Impulse wave.
Good news is that the price has been supported by 0.786 FIB + yellow trendline.
We didn't make a new low on the macro scale, so there is a great chance for a new bull market!
If we take a look at the RSI indicator - we can spot a bullish divergence, always nice to see in the end of the downtrend.
Next target is ofcourse previous all time high from 2021.
I see a lot of altcoins probably bottomed out, so next weeks / months can be finally bullish.
Look at my ideas about interesting altcoins in the related section down below ↓
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Ascending Triangle Pattern on the 1D chart?There is a possible Ascending Triangle forming on the 1D chart.
We just saw a dip to 18.900 probably due to the CPI news, but it dit recover fast. This dip looks like a fake-out, out of the Ascending Triangle.
We will need to see how the price will be developing in the coming days/weeks. If this triangle plays out, it could push the price up to the 25K.
FORTH - Ready for a breakout! Channel + Elliott wave
On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout!
Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important!
This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity area).
Due to my Elliott wave analysis - Impulse Elliott wave has been completed successfully and we can expect at least a retracement.
200 daily moving average is considered as a massive level by huge instituions and hedge funds.
We have a high bullish volume and I don't see any bearish pressure on the indicator.
If we take a look at the RSI indicator, there is a horizontal level, so if we break this level, that would be great!
Look at my ideas about interesting altcoins in the related section down below ↓
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DR REDDY LABS , has crossed it's ASCENDING TRIANGLE pattern hey guys ,
DR REDDY LAB , stock was moving in a downtrend from a long time,
but now , this stock was moving in a fixed pattern called ASCENDING TRIANGLE PATTERN
at present , this stock has crossed it's RESISTANCE
and taken SUPPORT
as you can see that ,
on previous day , this stock has made a long GREEN CANDLE
and today , this stock has made a candle called DOJI
which has taken SUPPORT on its RESISTANCE
THERFORE , in my opinion you can buy this stock and get high returns ,
I HAVE MARKET THE TARGET AND SL
TO MAKE IT EASY FOR Y'ALL
BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS
1, INFLATION
2. WAR
3. RISING BANK RATES
4. RISING DUTIES OF CRUDE OIL EXPORT
AFTER CONSIDERING THIS SITUATION
YOU CAN BET ON THIS STOCK
DR REDDY LABS
😀😀
BTC Ascending triangle or a bear flag breakout?I'm looking at BTC chart in multi- timeframe. BTC broke symmetrical triangle, formed an ascending triangle but rejected at the resistance level 22.5-22.8K. Today BTC retested symmetrical triangle trendline and can bounce, or it can touch the lower slope of ascending triangle before major bounce. There is a warning sign as well. BTC has formed a gigantic bear flag with the target 11K. If it breaks down the blue parallel channel or Ascending triangle , A bear flag mode will be activated and more likely it will dump to cause a final capitulation.
I give 75% probability to a scenario A and 25% -B based on my previous published analysis. You can also check them to understand why I'm more bullish than bearish.
Ethereum double bottom & Ascending triangle breakout? I'm looking at Ethereum chart in multi- timeframe. Using trend based fib extension, I showed you that 100 % projection of A wave / from November top/ATH/ to January low has been completed. In daily timeframe there is a nice Adam & Eva double bottom pattern with ascending triangle/. Such kind of pattern there are on total market cap and BTC charts as well. At 4h timeframe there is ascending triangle too. Its resistance has been tested 4 times. To get confirmation of the breakout we need BTC 4h and daily candle close above the resistance. I expect it in coming days. All targets are pointed on the charts.
You can also check my previous analysis about BTC, Total market cap, DXY, USDT dominance and understand why I'm bullish.
Total Market cap double bottom & ascending triangle/bounce time?I'm looking at Total market cap in daily and 4h timeframe. There is a nice Adam & Eva double bottom pattern, which can be broken very soon/ in coming days/ At the same time there is ascending triangle on 4h timeframe. The resistance has been tested 4 times)) As you know as many times price hits the resistance , it becomes weaker and more likely will be broken. Double bottom and ascending triangle targets, which are the same I pointed on the chart. For confirmation we need 4h and daily candle close above the resistance / You can look at my previous BTC analysis from bullish perspective.
