Get started

Ascendingtrianglebreakout

MATICBTC is consolidation below weekly structure 🦐MATICBTC is consolidation below weekly structure. on 1d timeframe the price is creating an inverse head and shoulder on 4h timeframe the price is creating an ascending triangle IF the price will break the weekly support According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
MLong
by InkyGrip
16
#EUR/CHF Analysis#EUR/CHF Analysis The Price has been in Ascending Triangle Pattern for some time now. The Bulls are strong on this pair. We have price going up to meet the 2-Year Descending Trendline and the Tested Resistance at 1.0800 . So We have two types of resistance at this point. Trend-line Resistance and Horizontal Resistance. The question is: will the Buyers be able to break both resistances?? There must be strong momentum and enough strength to do this. Maybe a news event or economic report may be enough to trigger a breakout? Trade Idea: Waiting for a clear breakout above the 1.0800 level up to 1.0850, then wait for price to come down to retest the broken resistance. If the Breakout is real, the broken support will turn to a strong Support. This is the safest way to do this. The volatility in this pair is very high. so please be careful. You can add this pair to your watch list.
Long
by Benettel
Ascending Triangle as Continuation and Bilateral patternAscending Triangle Pattern Tutorial : Ascending Triangle is a Bullish Pattern and sometimes also act as Bilateral Pattern; What is Bilateral Pattern : Bilateral Chart Patterns are triangular patterns; they signal either a continuarion or reversal of the current price movement, mainly it depends on how the price breaks the triangle pattern. There are three main types of Bilateral Chart Patterns; 1) Ascending Triangle, 2) Descending Triangle, 3) Symmetrical Triangle. An Ascending Triangle can be easily identified if you see a rising lower trendline along with a flat resistance. Also ascending triangle have some shortcomings like it can occur false breakout and the price reverses. You need to see how strong the breakout was by looking at volume at the time of breakout and if the breakout is not strong enough you can exit the trade and before entering you need to manage risk accordingly. Check Out other tutorials; (), () Stay Tuned 👍;
Education
by tapasdhanadana
5