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Symmetrical

Bitcoin - Symmetrical Triangle & RSI Descending ChannelBitcoin is nearing a breakout from a symmetrical triangle: -The descending trend line started around the initial liquidation around the 19th of May, at around 41,000 USD -The ascending trend line started around some large buy-side volume when prices dipped to as low as around 29,000 USD The RSI descending channel is nearing it's top trend line where it historically rejects. What does this mean? In theory, the symmetrical triangle should take us to 41,000 USD or 29,000 USD following the breakout/breakdown. Considering the RSI trend and oversold & fearful conditions of the market, I am Bullish.
INDEX:BTCUSDLong
by TheBadManner
Litecoin LTCUSDT - potential breakout soonHello, Litecoin is looking interesting as it continues to trade in a symmetrical triangle figure without being able to break in either direction, still it is rarely registering big losses %-wise compared to the rest of the majors. The price is now hovering around the March correction low of $170 and the POC line (Point of control) and is ready to reach the break point A potential break out of the triangle in an upward direction can result in a upside reversal as the price can clear the 21-period EMA in combination with the horizontal resistance and the 23.60% Fibonacci level at $190. Then no resistance up to $230. So, what we can expect here is a retrace to $160 - lower boundary of the triangle and current local support, then reversal with the above-mentioned parameters. Regards
by FutureBlockchain
2
AAPL- Triangle Breakout, Bullish- Have been watching AAPl for quite some time now (see the previous chart). Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA. - On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low with its Bollinger bands squeezing as well. - MAs are curling while price action reclaims them (not pictured) with a huge symmetrical-triangle on its weekly chart The bigger the base, the bigger the breakout PT1 - $129.5 PT2 - $130.5-$131 Long Term PT $135 + Breakout. Previous chart-
NASDAQ:AAPLLong
by jacobosiason7
BITCOIN - You Decide => We Follow!Hello TradingView family, BITCOIN is now stuck inside a range in the shape of a symmetrical triangle. And every new candle is making the range even narrower. Well as per the textbook, a symmetrical triangle is a bilateral pattern, which means it can be broken on either side. However, as per my crypto approach, I will only be looking for buy setups. But before we buy, we want the buyers to prove that they are taking over. As per my trading plan, here are the two possible scenarios where I will be looking for buy setups. Scenario 1: (Bullish Break) I will be waiting for BTC to break the upper orange trendline and a Daily candle close above the green dashed line for the buyers to take over, then I will buy or look for buy setups on the 40k retest. Scenario 2: (Bearish Break) If BTC breaks the symmetrical triangle downward, by breaking below the lower purple dashed line, then I will be looking for buy setups as it approaches the blue support area 28k-30k Which scenario do you think BITCOIN will respect/follow? Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
90
SAND at breakout level ???Will SAND breakout from here??? When we look at the SAND-USDT chart we can see that SAND sits in a symmetrical triangle which most of the time breaks out to the top. My fist target is the 4h 200 Moving average @ 0.42 and hopefully find support on the .328 fib. My targets for the long run: °0.384 (.382 fib) ° 0.449 (.5 fib) ° 0.515 (.618) ° 0.608 (.786) ° 0.664 (.886) ° 0.727 (1) Don't forget to get profit or set alerts when we hit the next fib levels. You can always buy it back when it is tracing back to a lower support level. It will not go in one straight line up. Also keep a close eye on BTC . If BTC starts to pump it is better to move some of your profits into BTC . Your end goal should always be to increase your BTC amount. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade. You can always get back in later.
Long
by seoco
CTSIBTC is creating a symmertical triangle 🦐📐The price is testing the upper resistance of symmetrical triangle. IF the price will have a breakout and test the current resistance as new support, According to Plancton's strategy (check our Academy), 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. ⚫️ Black 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 the Plancton0618 strategy will trigger.
Long
by InkyGrip
9