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Ascending Triangle

INTU - near term upsideINTU hit the low on 13 May and has not gone any lower since. It has been chopping sideways for almost 2 months and appears to be forming an ascending triangle (odds of breaking up is greater). On the monthly chart, we are seeing a possible 3rd inside bar this month and also a bullish divergence with the RSI. A breakup of the ascending triangle at 425 could be early signs of optimism. However, an bounce right now may still be on a short term swing basis only until we see more signs of a sustainable reversal. 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!
NASDAQ:INTU
by Juliac
STORJBTC - Ascending triangle on the weekly! + Record volume- On the weekly chart we can see a beautiful ascending triangle - one of the most bullish pattern. - If we take a look at the volume indicator - there is a massive volume spike, which is positive. - The first impulse wave has been completed (hard to catch), but it doesn't matter, because the third wave is usually the strongest! - You can buy a breakout above the ascending triangle and take profit at the all time high level. - 20x is possible in next months! - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
Golem GLMBTC - Huge ascending triangle! + Breakout soon- On the weekly chart we can see an ascending triangle - the most bullish pattern! - Great opportunity to 24x your capital in upcoming weeks/months. - If we take a look at the volume indicator - bullish volume is definitely higher, which is great. - The price is now above the 200 weekly moving average. This MA is considered as a strong support by huge institutions. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
Binance BNBUSDT - Macro Elliott Wave Analysis + RSI + Volume- As per my Elliott Wave analysis on the weekly chart - this coin looks very strong and we should experience more bullish sentiment. - We are currently in the huge impulse wave 3, subwave 4. - If we take a look at the volume , pretty much no one is selling, which is a good sign. - 200 weekly moving average is considered as a massive support by big instituions and we are currently very close to this level. - On the RSI indicator there is a bearish trendline , that can start a new uptrend when it breaks up. - BNB is the safest way to speculate on altcoins. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
AutoFarm AUTOUSDT - Record Volume + HUGE Channel + Elliott Wave- On the daily chart we can clearly spot a descending channel , which is very close to a bullish breakout! - If you take a look at volume , we have a massive bullish volume spikes - always good to see. - 200 weekly MA is actually acting as a resistance, but if the channel breaks up, then the MA will too! - Due to my Elliott Wave analysis - 12345 Impulse wave should be completed and now are expecting at least a retracement to 0.618 FIB. - Look at my ideas about another great altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
ALong
by UnknownUnicorn2537518
5
Keep3rV1 KP3RUSDT - Huge breakout! Falling wedge + Elliott Wave- On the daily chart we can see a nice falling wedge / descending triangle, which is very close to a bullish breakout! - We have a local double top above the wedge and we can definitely buy a breakout above this level for a confirmation trade. - 0.618 FIB + End of the Wave 1 + End of the Wave 4 is the next resistance, so you can setup your profit target here. - If we take a look at the volume indicator - there is a strong bullish volume and that is always good to see. - As per my Elliott wave analysis - Impulse Elliott Wave has been completed succesfully and now I am expecting at least an ABC correction. - See my ideas about Bitcoin and Ethereum in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
KLong
by UnknownUnicorn2537518
3
Ethereum in an Ascending Triangle. It's Time for a Pump?It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary. If that happens, we can buy ETHUSD. The target should be equal to the triangle's height. Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe. Follow me for more Crypto and FX trading ideas.
Long
by djukic.nebojsa
13k Q4 2022; Sept 2024 160k. analysis since day 1 of BTCThis is a very detailed analysis by Dia, I won't post till Q4 2022. - I see believe in 4 year cycles, average bull cycle is 800 days, and average bear market is 400 days, the other 200 I called ''neutral'' days where market switches between them. - Macro economics are very bearish , including stocks, more downside is definitely expected to keep inflation under control, SP500 is big bull channel ready to break down - TOTAL crypto cap is 914 b, next support is at 755 and 455 respectively, current crypto cap will not hold and 50% correction is definitely on the table (ascending wedge ) - The entire 30 to 60k symmetrical triangle structure has broken down, I notice every time a support line of previous bull run is broken, the last one will become support (the dotted lines). This is a very ugly break down and if people say bitcoin is DEAD and they show this chart, they can be right for the first time in history. - the 30k and 60k triangle can be manipulated into a falling wedge , that coinicides with Q4 of every 4th year of bull run being the bottom and support line from previous bull run touching there exactly to the point -looking at rsi we still actually just entered bear market territory (monthly stoch rsi under 10), bear market is around 40 to 50% finished. Still have a year or so to go roughly CURRENT STRATEGY DO NOT TRY TO TRADE IT (I shorted FLM and UNFI and lost 76% of my portfolio in 1 month)! Between now and end of 2022, DCA in coins, tokens that you believe in and look strong. THIS IS THE OPPORTUNITY OF YOUR LIFE!
BITSTAMP:BTCUSD
by Heartskull
#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.
BYBIT:ETHUSD.PShort
by Crypto_Saint_
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!
NYSE:LULong
by Juliac