LTC/USDT TECHNICAL ANALYSISThrough that ascending triangle formation, after the breaking, our firt targer is 121 , second target is 216.5
Ascending Triangle
ARPA about to breakoutARPA made a big symmetrical triangle and now the price is squeezing within an ascending triangle.
The best part is it is trading above ema200 and holding it.
Once we see a big volume breakout targets are on chart.
That’s going to be one expensive steak!Where can we feel the impact of high inflation most directly in our daily lives? Food and energy! Livestock is a market that certainly deserves more of our attention. Surging energy prices (especially natural gas) have led to high fertilizer prices, which pushed up grain prices. Eventually, that gets translated into higher prices for livestock which are heavily affected by the prices of corn and other feeds. The transmission takes time; therefore, the opportunity window to position ourselves is still open. It’s also a good time to stock up on some premium steaks in your freezer before they get a lot more expensive!
December 2022 Live Cattle future has just broken out from a 10-week ascending triangle, which suggests that the next leg of the rally has likely started.
Entry at 150.5, stop below 146.5. Targets are 155.5 and 160.5.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
#Bitcoin looks attractive againThe crypto market is giving bullisg signs. TRADESTATION:BTCUSD made a good breakout from an ascending triangle and now is making a flag pattern. A breakout from this zone should confirm the next bull run for crypto. Even stocks with influence on the crypto market are looking good, like NYSE:SI , which I have it on my watchlist,
I will take a position on the green zone with a target sell at the blue zone for a +12% profit. But, depending on how it behaves I may hold to the resistance zone at $63,500 or even buy more on the way up.
Bitcoin BTCUSDT - Breaking out! Wedge + Great leg up soon!- Bitcoin is currently breaking out of the falling wedge pattern on the 4h chart!
- Probably this could be a final consolidation and now we are heading to a great uptrend.
- We have found a support on the previous triangle POC, which you can see on the chart.
- I think we are definitely ready for a massive uptrend!
ROSEUSDT needs to hold the ascending channelThe price is creating an ascending channel after a clear rejection from 0.31$ weekly ressirance
On the 4h timeframe the price is testing the monthly support on 0.25$ support level
How to approach?
IF the price is going to lose the 4h support and retest as new resistance According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
XRP ANALYSIS (EXTENSIVE)Overall trend on a daily timeframe is downtrend forming a descending triangle (black line).
the major support line (0.78% Fibonacci retracement level is the $0.5546
on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black dotted line) of $1.00 which could retest or breakout and hit the other local resistance of $1.35
for the SMA & EMA trader (long term) the 30 Days RSI line is useful.
A bullish Ascending Triangle for ATOM?A little take on ATOM.
Weekly got Charted here.
It seems that ATOM could be moving within an Ascending Triangle. An Ascending Triangle is a "Bullish" continuation pattern, so this means if Price comes in, in an Uptrend there's a higher probability that it will break higher and vice versa.
I did use the Heikin Ashi candle in this chart, since it gives you a clearer view on the current "Trend". Presently, it seems that the current Downtrend is weakening and that there's a Chance of a reversal, the MACD also do start to "Confirm" that.
Also, the Fibonacci Golden Pocket got retested again, we have seen a beautiful bounce of that.
Coming back to the Ascending Triangle, of course a breakout can occur way earlier than shown here, but usually price moves withing the pattern until the apex is reached. In that case, ATOM could range between 30-40$ for Weeks to come now until breaking higher.
After a Breakout, preferably there's going to be a retest and a Bounce of the upper Trend line that got broken. Measured Target would be at 59.70$
KEEP IN MIND:
The World is in a Volatile situation, so this always can turn to the opposite.
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This Analysis is not intended to be investment advice. Always DYOR.
CadJPY AnalysisHello everyone, we have been seeing bullish movement for the previous months as there has been weakness in the Yen currency.
Liquidity has been established at the 100.182 price point from March 28th for Cadjpy. Price is now approaching that same liquidity level in the formation of an ascending triangle.
Will be waiting for the break and retest of the liquidity level (Redline) to continue bullish.
If price happens to reject the liquidity level and break the supporting trendline, we may see bearish movement
LRC - Ascending triangle breakout - Get ready for the entryLRC is ready for the potential ascending triangle breakout, if the it breakout successfully then we can expect a sharp upward movement.
We will post more updates as price moves.
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Cheers
GreenCrypto Team
Waves WAVESUSDT - Impulse Elliott Wave completed! Bounce soon.- As per my Elliott Wave count - we should be in the end of the current downtrend.
- Impulse Elliott wave is completed with 5 successful waves.
- We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation.
- I think wave 4 is a resistance and we can target this level (around 31 USDT).
- On the RSI indicator we can spot a huge bullish divergence.
LONG ON USD/CADPrice has broken above resistance on a ascending triangle.
It has retested the old resistance as new support and currently has a hammer candle that has formed.
Plenty of room to move up on top of the DXY being strong this morning.
CHF/JPY Ascending Triangle on the H4 TFCHF/JPY is approaching a Daily High with an Ascending Triangle on H4.
Looking to capitalize off of it in either direction.
In stock market or crypto it has a higher chance of breaking to the upside but with currencies we have to be more cautious,
so will trade accordingly, waiting for the break to either direction and then execute our position on the retest.
Not a financial advice
ATOM is at the bottom of its ascending channel. Will it bounce?Looks Like ATOMUSDT is at the bottom of its ascending channel and on demand zone. It can move at the bottom a bit and go up or create a fake break out as it did before and travel to the top of its channel.
Comments please..
This is not a financial advice.. Please DYOR before opening any position.
Cheers
DOT: +$250DOTUSD
Technically and fundamentally, DOT has the potential that reaches $250 by 2024. let's see where it goes.
