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XRPUSDT: triangle pattern broke to the upside, LONG OPPORTUNITY?XRP price today is $0.718515 USD , down 3.32% in the last 24 hours, with a 24-hour trading volume of $2,449,258,622 USD. On daily chart we can see how the descending triangle pattern started forming in May just broke to the upside testing the first resistance level at $0.78, where it got rejected. Now a pullback retesting the previous support at ~$0.66 is expected, and this can be a good entry opportunity for long trading. Following the triangle pattern , the aimed target should be $ 1.17, but personally I don't believe it would reach it in the short term, therefore I would set many "taking profits" at the previous resistance levels . RSI on daily chart is decreasing and is now headed to test the previous resistance identified at 46.6 level This is the reason I believe price will suffer a pullback up to $ 0.66 level, before rising again, range which corresponds also the the EMA of Keltner channel (on daily chart ). If this will happen, this can be considered a confirmation for going long as historically, whenever price broken the upper level of the channel immediately a pushback happened to the EMA level before retesting the upper boundary. MACD still looks bullish on daily time frame and Keltner channel is becoming thinner and thinner, a sign that volatility is decreasing. This usually happens before a big move to the upside. TRADING POSITION: Long ENTRY PRICE: < 0.66 TARGETS: 0.77 / 0.84 / 0.87 / 0.95 / 1.01 / 1.08 TARGETED PROFITS ARE HIGHLIGHTED IN THE GRAPH STOP LOSS: $ 0.58 While on daily chart the price looks bullish , on 4h chart we can see how MACD is under the trendline, price therefore is under the EMA of the Keltner channel and is now decreasing headed to test the lower boundary of it, this corresponding to the spotted entry price. Therefore, 4h chart allows us to understand with more certainty that price will suffer a decrease before our long targets being reached. Moreover the lower boundary of the channel on 4h time frame corresponds to the EMA on daily time frame, a possible confirmation that price won't go under that level. Let's see if XRP will perform as expected. For more ideas like these, please follow us on our social medias as well!
Long
by vf_investment
XRPUSDT: triangle pattern broke to the upside, LONG OPPORTUNITY?XRP price today is $0.718515 USD, down 3.32% in the last 24 hours, with a 24-hour trading volume of $2,449,258,622 USD. On daily chart we can see how the descending triangle pattern started forming in May just broke to the upside testing the first resistance level at $0.78, where it got rejected. Now a pullback retesting the previous support at ~$0.66 is expected, and this can be a good entry opportunity for long trading. Following the triangle pattern , the aimed target should be $ 1.17, but personally I don't believe it would reach it in the short term, therefore I would set many "taking profits" at the previous resistance levels. RSI on daily chart is decreasing and is now headed to test the previous resistance identified at 46.6 level This is the reason I believe price will suffer a pullback up to $ 0.66 level, before rising again, range which corresponds also the the EMA of Keltner channel (on daily chart ). If this will happen, this can be considered a confirmation for going long as historically, whenever price broken the upper level of the channel immediately a pushback happened to the EMA level before retesting the upper boundary. MACD still looks bullish on daily time frame and Keltner channel is becoming thinner and thinner, a sign that volatility is decreasing. This usually happens before a big move to the upside. TRADING POSITION: Long ENTRY PRICE: < 0.66 TARGETS: 0.77 / 0.84 / 0.87 / 0.95 / 1. 01 / 1.08 STOP LOSS: $ 0.58 TARGETED PROFITS ARE HIGHLIGHTED IN THE GRAPH While on daily chart the price looks bullish , on 4h chart we can see how MACD is under the trendline, price therefore is under the EMA of the Keltner channel and is now decreasing headed to test the lower boundary of it, this corresponding to the spotted entry price. Therefore, 4h chart allows us to understand with more certainty that price will suffer a decrease before our long targets being reached. Moreover the lower boundary of the channel on 4h time frame corresponds to the EMA on daily time frame, a possible confirmation that price won't go under that level. Let's see if XRP will perform as expected. For more ideas like these, please follow us on our social medias as well!
Long
by Lari_Pen
LSCC forming an ascending triangle!LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle. As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as support. Semiconductor stocks are hot right now and with earnings coming up LSCC may be making a break for it sooner rather than later. Fundamentally: * LSCCs earnings per share is expected to grow over the coming year * It has been performing really well with an 83.63% growth over the past year. Technically: * Seeing the rejection from its highs, it seems like the stock may revisit the $55 or $55.40 price before making higher moves. So look for buying opportunities in that range if you're looking for a discount. * If discounts aren't your thing, look for a buying opportunity following a daily close above $58.38 * On the contrary, a close below $55 could send the price lower to retest the support of the ascending triangle. Which would be an even better discount given how well semiconductor stocks are doing. Target: * If the pattern confirms and the breakout takes place, the target for this break would be in the $77.60 area.
NASDAQ:LSCCLong
by HaseebKhan_90
EDU | Concave Upward - The world shall call this as #CODIn economics, the law of demand states that the quantity demanded and the price of a good or service is inversely related, other things remaining constant. Therefore, the demand curve will generally be downward sloping, indicating the negative relationship between the price of a good or service and the quantity demanded. We're mentioning about demand, so you know we aim for a bullish trend to happen after. ** NB : Please not that this chart represents movement that already happened during mid April 2021 to the first week of May 2021. However, soon we will post another setup that looks very identical to the one in here. We aim to educate by showing knowledge that can help traders' journey along the way.
SAXO:XAUUSDEducation
by INVESTINU
STCUSDT possible descending triangle breakoutStudent coin is currently trading outside of a descending triangle and above the Ichimoku cloud on the 1 hour chart with a possible breakout to the up side if it can break through the 50 EMA on the 4 hour chart or 200 EMA on the 1 hour chart. Strong support has been maintained at $0.015 for 2 weeks and should continue to maintain unless bitcoin has further corrections to the downside. Using the Fibonacci a possible target at $0.02 can be found with further upside towards $0.022 if the secondary descending triangle can also be broken. Please note: This is not financial advice. Do your due diligence when trading and trade at your own risk.
SLong
by Adam199
1
Bearish thingsI hope you're all having a wonderful Tuesday, here's what I'm seeing in the charts right now.. - Bullish momentum has slowed considerably since last week - Price action does appear to be forming a descending triangle, a BEARISH REVERSAL PATTERN - A move up to $57.5K is expected before resuming formation of the bearish pattern - Measured move of a break below support would take bitcoin under $46K - Should bitcoin get a bounce at this level, it would make for a beautiful double bottom on mid timeframes setting the stage for new ATH's in April. Open interest climbing again... BTC CME Futures are looking pretty bearish. 10yr Yields fall again today -DXY looking more bullish every day this week - SPX looking incredibly bearish, I expect a decent correction tomorrow and/or Thursday. BTC has been strongly correlated to the performance of the SPX, should we see a severe correction tomorrow -I would expect BTC to drop as well. This pullback is setting up for an incredible opportunity -possibly the LAST time bitcoin will see sub $50K prices.. (stress on word "possibly") Cheers. JNY 3candlecollective
BITSTAMP:BTCUSD
by BitCapJNY
3
BNB/USDT - close to symmetrical triangle breakoutBNB/USDT has been setting up a symmetrical triangle for a month since it hit its ATH and is now on the verge of breaking out. Due to the way the pattern is set up and fairly low risk associated with the trade a bullish breakout seems more likely than a pattern failure. This looks like a great buy zone to me but I will wait for breakout confirmation first before fully entering a long. For this trade we can work with a tight stop of around 3-5% below the current price which makes for a great risk:reward ratio or simply wait for breakout confirmation before entering the trade to reduce the risk of longing a pattern failure. Buy zone: $260-$272 Recommended stop loss area: $256.5 (very tight) - $248 Tighter stops can turn the risk:reward in your favor but also increase the risk of getting stopped out too early by fake-outs and potential wicks so choose a price you're comfortable with. They work best if you let the price come to you and you're buying right on support. Best of luck and let me know what you think!
Long
by Wolfy_
4