Break?Ascending triangle formation and I expect a breakout this coming week. Targeting he upper zone!
Ascending Triangle
#ETH meeting resistance- Scalp EntriesETH has to make a decision here. ( Purple box has been serving as resistance over the last 12 days )
Bullish Scenario :
A break out to the upside with a close above 1266- could signal we bottomed. Making 1400 area our next big obstacle.
Bearish Scenario:
1255 area is strong resistance for now. Could break out of ascending triangle and re test the 1067 area ( .5 Fib) - A close below 1067 could signal another trip to the 3 Digit ETH levels for a retest in the 916 area.
What ae you thoughts on ETH?
GL out there.
NFLX Ascending triangle1HR timeframe seems like price is forming an ascending triangle.
I will watch to see which direction it will break towards
Vodafone - Ascending triangle - what's next?The ascending triangle started to form at the start of the pandemic restrictions. Not fully formed yet, it is in a downtrend and therefore it's possible it will head lower. Wait and see. Fundamental factors are: cost of living, recession, a takeover/bid, inflation, interest rates (cost of capital) -
Lots to think about.
Kadena: Ascending Triangle Visible ont the 1 Hour We have an Ascending triangle Visible ont the 1 Hour and are currently holding above the Moving Averages so long as we can hold this level and shift out soon we could at a minimum see a rise to the 800 Hour EMA.
LU - Ascending Triangle Bullish argument for LU:
1. higher lows (over the past 3 mths) with every dip leading to the formation of an Ascending Triangle.
2. now above 200 days moving average
Waiting to see if a close above 6.43 neckline would materialise in the coming weeks, preferably on good volume.
p/s the odds of breaking towards the horizontal side is higher for right angle triangles.
ie upside for an ascending triangle and to the downside for a descending triangle.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
EURGBP Ascending Triangle This pair is forming a triangle patter with much possibility to breakout to higher resistance price level.
BTC is going to Reach 35k+ExplanationBTC has Created a New Ascending Triangle which is a Good bullish Sign and We can Determine That the Price will be Bullish Soon! No Strong Break out Has Happened yet So We can Not Say for That the Price is gonna Increase For Sure Right now But It will Happen Soon! If we Consider The AB=CD Which is the Expected Movement From the Ascending Triangle We can Come To The Conclusion That the Price will Reach 35k Soon!
-BTC is in an Ascending Triangle
-Break out Has NOT happened
-(AB=CD) is the Expected Movement
-35k is the Target!
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Thank you for seeing idea .
Have a nice day and Good luck
Short on DVNLooking for energy to cool off for a minute here. Macro looking bearish (dependent on CPI print) and running a little hot right now. I would expect energy to continue running mid-term, but looking for a pullback on the 1.618 from the covid lows.
Oil and Gas at it again $FTXNThis ETF is the one a chose to play the new trend. I made a good profit from it and today is signaling another pivot buy. With today's breakout out of an ascending triangle the price may be posed to continue its trend up.
I'd be very cautios and start with small positions or go with a full position but taking profits quicker.
Remember to always use STOPS!
RBLX - Ascending Triangle in DowntrendWeak pattern here but just noting the development of an ascending triangle after a significant downtrend. Given the context this pattern could be considered a (bearish) continuation pattern. If it turns out to be bullish then there's some resistance not far above.
#XEC have potential profit up to 100%Here is the reasons to buy XEC:
1. 4 days later will be full moon phase which is human psychology going to more confident in trading.
2. There are ascending triangle bullish pattern in 4hours timeframe.
3. Has been confirmed in multiple strategy like RSI, TSI, EMA 5, EMA 9, etc. Look the green checklist at right bottom.
4. Candle postion in the middle area of swing trend line Higher High and Higher Low which mean XEC on the way to bullish.
5. If you set timeframe 4hour, the candle position is above of MA200.
The reasons to not buy XEC:
1. Candle still below of MA50 in daily timeframe.
2. BTC still sideways.
Signal :
Buy: 0.000053
SL: 0.000048
Conclusion:
If you have a plan for trading in short term, this is the good time for you to buy XEC.
The risk is around -9.45% but the reward is 90% up to 100%.
Note:
- This idea is for trading in Spot market.
- I'm not your financial advisor, so I don't have responsible about your money.
CADCHF LONG!I see a perfect ascending triangle and a huge support at 0.78
You might want to consider this one
Bitcoin Delivers Hopium as the Ascending Wedge ContinuesMy continued Bitcoin analysis gives me great indication that the Digital King has yet to reach its regional bottom.
$32.7-8 is expected to be a very key range as for resistance.
Based on Elliott Wave Theory and Fibonacci sequencing, $22K-$25K are also expected to be key levels of support.
All indications are based on the science of price action! No other indications are used primary however, RSI levels are often considered secondarily.
BA inside a rectangleA couple of things to track on BA
1- Ascending triangle on the hourly chart with resistance at 141.40. This level has rejected many times now. Above that we could start moving higher towards 143.40
2- There is a rectangle that has formed while consolidating sideways with the same resistance level 141.40
I will be watching this name to see in which direction it will resume.
US30 ANALYSIS ON DAILY TIME FRAMEThe combination of Double Top/ Ascending Triangle is one of the best to spot, especially on US30.
So if we see a candle closing above the resistance we can take a buy and go for an ascending triangle.
And if the price breaks the trendline and and the potential neckline we go for a sell.
Simple and effective 👍💪
Comment your thoughts and follow for more ⚡
Long BTCUSDT (Ascending Triangle)Bitcoin is making an ascending triangle which forms higher high and lows.
The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area.
Do you ever wondered why the whales keep defending this area?
This is because they are accumulating shorts and piling up their btc spot positions for it to move up further.
The shorts of liquidation map is piling up, guys you all should go long because they will rekt the shorters.
It shows a strong demand on this 29k area for bitcoin , It should had filled the CME gap at 29k but it didn't because btc is very bullish , the whales are accumulating. It is trapping elliott wave traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
A lot of people had lost money buying LUNC and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k-30k level multiple times. Everytime, it hits this level, it will bounce back.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip before going to 100k.
Bitcoin created a retest of the broken support turned resistance with bullish candle with a clean candle to 31700 USD, this should push the price up to 31700 as clean candle. The whales will trap wave traders thinking it will go down but it will go up.
Do not short this but long instead, the manipulation is too easy to be spotted.
It could even go to 33k for the top of the ascending triangle.
This is very bullish , long bitcoin and take profit at 100k. To the moon.
This should be the macro bottom. Simple whales with their obvious manipulation.
Hence, btc should moon from here and target 38k .
First target should be 33k .
On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?!
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Triangle Pattern DefenseAscending Triangle Pattern Defense.
Helps you get out of up trend consolidation.
This demonstrates this defense LIVE!
AUDCAD Ascending Triangle Possible FormationThis pair is very probable to go this pattern and explore again highs we can take opportunity from. Be aware!
XRP will breakout soonXRP made a big symmetrical triangle and now it is trying a breakout using ascending triangle.
If we see huge volume breakout with perfect retest.
XRP will give 80-130% in profits.
USDJPY: King Dollar back?!USDJPY
Intraday - We look to Buy at 127.62 (stop at 127.11)
Broken out of the triangle formation to the upside. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Daily signals for sentiment are at overbought extremes. Neckline support is 127.60. Dip buying offers good risk/reward.
Our profit targets will be 128.85 and 129.00
Resistance: 128.85 / 131.30 / 135.00
Support: 127.60 / 126.60 / 124.10
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VET can Increase Pretty Soon!VET is in an Ascending Triangle which is a Good Bullish Sign and Means The Price is gonna Increase Pretty Soon! No Break out Has Happened and We Shall Be Aware of the fact that When the Break out Happens the price will Increase as much as the Measured Price (AB=CD) . Well When The Expected Movement Happens, the Price will reach around 0.037$!
-VET is in an Ascending Triangle
-No Break out yet
-Price is gonna Increase as much as the Measured Price Movement (AB=CD)
-Target is around 0.037$
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Thank you for seeing idea .
Have a nice day and Good luck
TRX on the way to 0.12$TRON is in an ascending Triangle which is a Pretty Good and Obvious Bullish Sign! The Price will Be Starting To Pump Heavily once The Break out Happens! The Expected Price for Break out is around 0.088$ and It would Reach 0.12$ (The Price will Increase as much as the Measured Price Movement AB=CD)
-TRX is in an Ascending Triangle
-No Break out yet
-Break out will Happen 0.088$
-Price will reach 0.12$
-(AB=CD)
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Thank you for seeing idea .
Have a nice day and Good luck
