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BTCUSDT - Symmetrical triangleSo far, we have seen two triangle patterns: one from an uptrend and bullish market move and one from a downtrend with a decidedly bearish look. Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction. The supply and demand, therefore, seem to be one and the same. During this period of indecision, the highs and the lows seem to come together in the point of the triangle with virtually no significant volume. Investors just don't know what position to take. However, when the investors do figure out which way to take the issue, it heads north or south with big volume in comparison to that of the indecisive days and/or weeks leading up to the breakout. Nine times out of 10, the breakout will occur in the direction of the existing trend. But, if you are looking for an entry point following a symmetrical triangle, jump into the fray at the breakout point. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
12
BNB 1D Rare reversal pattern "Adam and Eve" works!This idea is a topical continuation of the "Adam and Eve" reversal pattern work out. We described detailed conditions for model work out in the previous idea , which has been working for almost a month. Today we update the information by levels: - the first fall target - $25 - the second fall target - $22.5. Cancellation of the entire model work out, if the BNB value fixes above $30.90-31.50. _______________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
1
SANDUSDT D1: Best level to sell 10%/60% gains (SL/TP)BINANCE: SAND/USDT SAND is being compressed in a triangular wave pattern. If there is a break down of the lower edge of the triangle, I think the price will find the lower zones. I am inclined to the bearish scenario for the moment. The range of 0.0462 - 0.048 would be the price zone where I look for entry short. The stop loss will be around 0.0513 Take profit: 0.0348 or 0.029. Further expectations can be expected at 0.015 --------------------------------- Trading Involves High Risk Information for reference only Not Financial Advice Please Exercise Risk Management.
Short
by Kalus_Nguyen
THETA breaking down*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** THETAUSDT Probable - Long term downtrend daily - EMA’s bearish on 12hr & 4hr - Looking like it will break support - Looking for BCR of support - 3 short targets
Short
by TradeTravelChill
ADA fighting to long but does it have hope..*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** ADA Probable - Long term rising wedge - Daily EMA’s turning down, haven’t crossed bearish yet. 12h & 4 hr have crossed bearish - Because of recent hammer off 0.09869, I’m not interested in shorting until we take that out with a close below and new resistance tested - 3 short target Possible - Im not looking for longs on this unless we break above 0.11065 and will reassess then
Short
by TradeTravelChill
ATOM looking to break out of symmetrical triangle *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** ATOM Probable - Long term symmetrical triangle - EMA’s bearish daily, 12hr & 4hr - Even though all EMA’s are currently bearish, I have a feeling this is going to break out to the upside. So I’m watching closely on the 4hr for bullish signs and a bullish EMA cross - Also watch for a break upwards of the triangle & retest of a new support Possible - Because of the most recent hammer circled on the chart, I’m not interested in shorted unless we break below that level and retest a new support - There are multiple channels below the triangle so many short opportunities should this break out to the downside. Shorting this is a game of patience. - EMA’s are already bearish so now we just need to break a key level - 3 short targets
by TradeTravelChill
1
XTZUSDT Symmetrical triangle, prepare for break out *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** XTZ Probable - Long term symmetrical triangle - EMA’s bearish daily, 12hr & 4 hour - Looking for a BCR within the yellow box zone - 2 short targets Possible - Squeeze tighter into the point of the triangle - Watch to see if we create HL within there for possible bullish trend change - Watch EMA’s to see if they start to turn up and cross bullish - Wait for BCR of resistance outside of the triangle - 2 long targets
Short
by TradeTravelChill
1
QTUM Descending Triangle *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** QTUM Probable - Long term descending triangle on daily - bearish pattern - EMA’s bearish on daily, 12hr & 4hr - Looking for BCR of yellow box zone - 2 short targets Possible - Look to see if we create a HL within the triangle for a heads up trend may change - Wait for EMA’s to turn up and cross bullish - Wait for break out of the long term down trend line - Wait for retest of the new support - 2 long targets
Short
by TradeTravelChill
Descending triangle OMGUSDT*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** OMGUSDT Probable - Long term descending triangle on daily - bearish pattern - EMA’s bearish on daily, 12hr & 4hr - Looking for BCR of yellow box zone - 2 short targets Possible - Look to see if we create a HL within the triangle for a heads up trend may change - Wait for EMA’s to turn up and cross bullish - Wait for break out of the long term down trend line - Wait for retest of the new support - 2 long targets
OShort
by TradeTravelChill