Get started

Breakoutpattern

XLMUSD Ascending Triangle Breakout Loading....Stellar Lumens XLMUSD forming a very large ascending triangle pattern. The resistance of around $0.13 goes back 5 years, so once this breaks out I am expecting a quick violent move up. I had a psychic moment at work one day where the number 13 and Stellar came into my head. So naturally I'm thinking XLMUSD will eventually hit $13.00 in the future. I suppose it could also mean once it breaks out of $0.13, that's when the big move to the upside starts. Either way will be fun to watch.
COINBASE:XLMUSDLong
by jaepayne
📉 Major Falling Wedge Setup on $STORJ 🚀Hello, fellow traders! Today, I've identified a significant trading opportunity on $STORJ with a major falling wedge pattern. Let's take a closer look: 📈 Technical Analysis: $STORJ has been forming a well-defined falling wedge pattern, indicating a potential reversal in the current downtrend. Falling wedges are bullish chart patterns that often precede a breakout to the upside, making this setup particularly intriguing. 📉 Wedge Structure: The falling wedge is characterized by a series of lower highs and lower lows, converging towards a point. This tightening price range suggests diminishing selling pressure and a possible shift in market sentiment. Keep an eye on the wedge's boundaries for potential breakouts. 🔍 Key Levels to Monitor: Resistance: Watch the upper boundary of the falling wedge as a crucial level that needs to be breached for a bullish breakout. Support: Monitor the lower boundary of the wedge, which acts as a key support level. 📢 Potential Breakout: A decisive breakout above the wedge's resistance, accompanied by a surge in trading volume, could signal a bullish move. This breakout might lead to a reversal in the downtrend and potentially provide an opportunity for profits. 💡 Trading Strategy: Consider initiating a long position on a confirmed breakout above the wedge's resistance level. It's essential to manage risk by setting a stop-loss order below the support level. Keep an eye on the overall market conditions and ensure proper risk management before entering any trades. Please conduct your own analysis and exercise caution while trading. 📢 Disclaimer: This post is for educational purposes only and should not be construed as financial advice. Let's stay tuned and follow the action on $STORJ! Share your thoughts and join the discussion below. #TradingView #FallingWedgeSetup #STORJ #Cryptocurrency #TechnicalAnalysis #BullishReversal #BreakoutPattern
CRYPTO:STORJUSDLong
by STP_MrNodeItAll
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it. Enjoy Trade Well, Clifford
COMEX:GC1!Education
by TradeTheIndex
36
❌ False Breakout PatternsA breakout that failed to proceed past a level, leading to a "false" breakout of that level, is referred to as a "false breakout." One of the most essential price action trading patterns to learn is the false double bottom and double top patterns, as a false-break is frequently a very strong indicator that price may be changing direction or that a trend may soon resume. False breakouts occur in all market scenarios, including trending, consolidating, and counter-trending. Trading Tips To Respect: ✅False breakouts can happen in markets that are trending, range-bound, or going against the trend. Watch for them in all market conditions since they frequently provide insightful hints about the direction the market will take. ✅Trading against a trend can be challenging, but one of the "best" approaches is to watch for a clear false breakout signal from a significant support or resistance level, as in the last example above. ✅False breakouts provide us with a "window" into the "fight" between expert and amateur traders, allowing us to engage in trading alongside them. Trading will appear to you in a different light if you can learn to recognize and trade false breakout patterns. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
2
LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section). On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion. LINK/USDT 1hr: Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend. Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go. With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts. Best of luck with your trades and let me know what you think!
Long
by Wolfy_
If Litecoin Will Outperform BTC, Will BCH Outperform LTC?I noticed a lot of twitter talk on the LTCBTC ratio chart about to breakout. A very nice looking chart pattern. My question is if LTC is about to outperform BTC, why not BCH outperform LTC? It seems to be forming a similar pattern to LTCBTC. They are both highly correlated cryptocurrencies as well. Both LTC and BCH seem to have fundamental catalysts that could push them higher. Mimble wimble upgrade for LTC, and the SmartBCH sidechain for BCH. Will be interesting to watch how it plays out. Please comment. Thanks!
by jaepayne
3
4H DOTUSDT potential to the upside!Hi everyone! 4H" DOT is currently looking to bounce back up from this local support level at $25, If this is accomplished over the weekend. We might continue to see it retest $30 mark. But due to the current market "BTC" I see that we need a lot buying pressure to build the required volume for it to able to go back up to the $40 Mark. Also Looking at the chart I see a formation of reversal pattern. Further more I have used the Pitch-Fork to help me analysed to see possible break out points in conjunction with the resistance levels showed. (to project future the trajectory) If we fail to for a break out pattern we my see it going below $20 and sitting at a lower support. ALWAYS look for extra confirmation before making any trade. Happy trading people (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Long
by CryptoTraderRetired
1
GRT/BTC - ascending triangle and solid fundamentalsGRT/BTC has been setting up an ascending triangle since roughly two weeks and had two fakeouts in a row due to BTC's spike but now looks promising for a long position after successfully retesting the uptrend. Either DCA as long as it's inside the triangle or buy after it breaks through the resistance. Buy zone: 1640 - 1850 sats Important resistance: 1900 sats On the USDT pair it recently broke out of a symmetrical triangle and finished testing the prior resistance as new support: Consider using a stop loss a bit below the uptrend in case the trade doesn't work as planned. Best of luck and let me know what you think.
Long
by Wolfy_
7
Break out and confirmationGBPUSD has reached top label of the H4 resistant label. I could be break the resistant label. Or it could reverse. If it break the H4 resistant label you can buy in this zone (1.27833 -1.27499) and your TP-1 would be 1.28966 TP-2 would be 1.29574 If it reverse from H4 resistant label you can open a sell trade from this zone ( 1.27430 - 1.27202) and your TP -1 would be 1.26304 TP-2 would be 1.25783 Don't forget to move your SL And you can close half your trade after reaching TP -1 and move stoploss to the entry label and wait for reaching TP -2 Thanks for watching my analysis. If you like this analysis Please =====> Like or share.
by MohammadAbir
BTC/USD - IS BULL SEASON IS HERE!!? DONT BE FOOLED 1.5K OR 80K+Hello faaamily, friends, strangers, countertraders!!! It's your favvvouitie TA analyst on Tradingviewwww with anothherr TA. I got a buuunch of messages on my last post "BTC TO $1,500" Lets make this short and simple; After re-analyzing my last TA ; it is no longer valid. I also noticed over 6++ people copying the SAME EXACT TA i posted, with same word phrases etc.. It's ridiculous.. After re-analyzing my chart and looking more in depth I came to a conclusion that the botttom is in; and majoor parabolic moves will occure, It won't be today or next weeek; but more like in the upcoming months. As always guys, If your tryina become a millionaire over night 25x, 50x, 100x leverage trading; you will burn to ashes. Patience is key in this game, BTC is currently trading in low volume/ volatility this is causing a lot of Fear, Uncertainty and Doubt in the market. After looking at the TA; i dont see why any of you should be FOMO, FUD etccc. It's clear we are heading into a 1-3 year bullmarket ; SMART MONEY is accumulating within these ranges and selllling at ALL TIME HIGHS. If you pay CLOSE ATTENTION to this Analysis you can seee the craaazy similarities during 2014 & 2018 bear market. (All shown on the TA) SHORT TERMMM; If you don't know where to buy; I say trade the current breakout pattern BTC has been developing the past weeek or two. This breakout will be huge pump or dump. Trade the breakout. Don't be guessing in the pattern. I hope this TA helps you guys and gives you an idea where the market is heading in the upcoming months and years Don't forget to leave a LIKE and post your thoughts below ! Goood luck to all!
BITSTAMP:BTCUSD
by Gibmoses
5
Lesson 6B: Breakout Patterns - Ascending Triangle (Bullish)Hello Friends, Welcome to the series of Lesson 6. In Lesson 6B, we are going to learn the Ascending Triangle breakout pattern. This is more of a continuation pattern rather than the reversal pattern as oppose to the Falling Wedge pattern that we learned in Lesson 6A. Lets get straight into the topic. Please be very careful. We will be referring to the chart above or below to get a better understanding of the topic: What is Ascending Triangle Pattern? Ascending Triangle is a bullish continuation pattern, which we quite often see in the crypto world. When a coin is inside the Ascending Triangle, it means it is currently being accumulated, before it breaks out. Formation: Lets go back to some Mathematics. We all studied what is a Right Angle Triangle correct? If we look closely at the chart above, we see that it is forming a right angle triangle. There are two lines to this formation, one is the resistance line, which is horizontal as you can clearly see. The second is the support line which is ascending as you see and it moves up with the price (basically it is inclined moving up as we go from left to right). The horizontal (resistance) line is formed by 2 or more equal reaction highs touching the horizontal. The ascending (support) line is formed by 2 or more higher lows touching the ascending support line. The Rules: So obviously, you won't just draw an ascending triangle, and think that this is a bullish pattern. There are a few things you need to confirm before making an entry into the coin. Lets look into it. You must be wondering, how many times the price candle has to touch the resistance line or the support line to consider this pattern valid? Here is the answer: For the Horizontal (Resistance Line), the price candle has to touch at least TWO or more times to consider a part of this pattern valid. Notice in the chart how the price pull after touching the resistance line FOUR times. For the Ascending (Support Line), the price candle also has to touch at least TWO or more times to consider this pattern valid. Notice how in the chart the price candle bounces after touching the support line THREE times. Note (IMPORTANT) : For the Resistance Line, it is preferred that the candles touching it are equal or doesn't differ in height by too much difference. Usually I only consider the patterns for which the reactions highs are equal for this pattern. For the Support Line, it is preferred that we have reaction lows as Higher Lows. If we see a reaction low lower than or equal to the previous reaction low, this pattern will be INVALID. Also note from the chart that there has to be a little distance between the reaction highs, or reaction lows, as you can see in the chart. Just a little is fine. Since crypto is very volatile, the length of time this pattern occurs doesn't really matter much, but the longer the length the stronger the patter. It's that simple. I stick to 30m or more for this pattern. I am sure you guys are understanding this really well, as this pattern is very simple to understand or do I make it simple to understand? :P Lets take a look at the breakout setup. Continue reading below.....
Education
by MoneyChartz
3
Lesson 6A - Breakout Patterns - Falling Wedge (Bullish)Welcome back to Lesson 6 traders. I have something interesting for y'all in this lesson. This lesson is going to be a series on Breakout Patterns. I will be posting one breakout pattern at a time, so it is easy to understand, and clean enough to follow. The following lessons are going to be posted in lesser time. So in the Lesson 6 series, since there will be multiple topics for breakout patterns, I will be splitting them into Lesson 6A, 6B, 6C and so on.... In Lesson 6A, we will be going over the Falling Wedge breakout pattern. We will be looking over the criteria to qualify for this pattern, and what to look for in order to get a breakout confirmation. Falling Wedge is usually a bullish pattern most of the time. It usually is wide from the top and contracts as it moves down to the lower price levels. There are certain criteria for a falling wedge to qualify to be a reversal or a breakout pattern. Lets follow the chart above in order to get a good understanding of what I am taking about here. Actually I will post the above chart right here for you so it can be easier for you: So in the chart above we can clearly see TWO falling wedges, they both are for the same breakout that happened in TRX, so you can refer to any of them. We will go over the step again as a summary, but let us first go over the detail so you get a clear view on this. Whenever I am looking for a falling wedge patterns, I make sure the resistance line, which is the upper line of the falling wedge connects minimum of 3 candle sticks. Sometimes we can get away with 2 candle sticks, but when we have 3 connected candle sticks, meaning the price has pulled back after touching the resistance line at least 3 times, we can check off one of the criteria for a falling wedge. Now for the support line, which is the lower line of the falling wedge should at least have a minimum of 2 candle sticks touching the line, meaning the price has bounce at least 2 times after touching the support (lower) line of the falling wedge. This is considered the second criteria for the falling wedge. This just means that you have a close to accurate enough data to consider this as a reversal pattern for the selected time frame you are into. If we look closely at the chart, for the resistance line, the price has pulled back after touching it about 4 times, and 3 times for the blue support line. Notice how the price candles have not closed outside of the resistance or the support line. This is really important for a valid pattern. Since we have BTC movement effecting the altcoin prices, we can ignore the candles closing just a little outside the resistance/support lines, but mostly the price should be moving inside the wedge. Another criteria for a falling wedge is that, it starts out wide, and the wedge contracts as seen in the chart, as the price moves lower. Once we have these three criteria lined up, we have a confirmation that the price pattern is currently moving in a falling wedge. So now, all we need to do is wait for the breakout. Remember, this is very very important. In order to confirm this reversal, the price must breakout from the falling wedge to the upwards. If it breaks towards the bottom (support line), this pattern gets invalid. As we see in the chart above, the candle breaks out of the falling wedge, and the price start moving rapidly upwards. Thus, we can say that the falling wedge on the chart above is a valid falling wedge pattern. You must have understood this pattern by now. Make sure you do by reading what I have written above, and looking at the chart at the same time. Continue reading below......
Education
by MoneyChartz
7