Fallingtriangle
CRO symmetrical falling Triangle, possible breakout incHello!
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might form a downtrend for the future, falling to the levels in the chart.
Remember, this is not financial advise,but rather my own idea on how it CAN play out!
TP 1: 0.398
TP 2: 0.42
Remember to use SL, always!
Happy Trading,
FTM Breakout?Possible breakout on FTM/USDT right here. lets see how this plays out. Lower time frame data suggests a potential very short term re test of that support is possible first
XAGUSD has loosing the powerXAGUSD has a falling trend and it is losing its power. For the 1d graph, it has lower highs and a "falling triangle". Also, shoulder-head-shoulder formation and double pick were seen in the short past. They indicate weakness. I'm more close to short but before taking a position, it must wait for a confirmation.
Short opinion:
If it will break the support ($20-22), the target will be $18.5.
Long opinion:
If it will break the falling trend, because of flag formation, the target will be $35 with a 50% gain.
It is not an investment suggestion. Please be careful with your decisions.
EURUSD - Waiting for BreakoutHi Traders!
As you can see the market is moving in a falling triangle.
We expect the market to either follow the originally trend or it'll form a new downtrend.
We recommend to buy/sell the retest of the bvreakout, to avoid false breakouts!
Thanks and good luck!
One more drop before the rise?Probably it will hit 3k level and play the triangle before braking bullish
