KLAYUSDT → Buyers are breaking resistance. What to expect next? BINANCE:KLAYUSDT has been forming a downward range for several months. After touching the lower boundary of the wedge, the price forms an active strengthening and breaks the resistance of the range. What to expect from the coin?
Above the level of 0.1551, near the wedge resistance, a pre-break consolidation is formed. Today we see the realization of the accumulation and the price breaks the resistance of the figure. This is quite a strong signal that a trend change attempt and a strong momentum may form.
BINANCE:BTCUSDT starts to strengthen and pulls some of the cryptocurrency market with it.
The entire market has been in a freeze lately amid fundamental circumstances, one of which is the SEC claims against major cryptocurrency exchanges.
Support levels: 0.1551, the previously broken wedge boundary
Resistance levels: 0.1663, 0.1933
The bulls are trying to take the situation into their own hands, but resistance at 0.1663 separates us from a strong growth. If the buyers will manage to overcome this area, then the market can show active strengthening to 0.2340.
Regards R.Linda!
Symmetrical Triangle
GBPCHF I Brief pullback and more upsideWelcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
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Bitcoin - The biggest bull trap in history!
In the past few days, Bitcoin has been pumping, which I was expecting. I share all trades that I make transparently. But this pump is something that we need to be aware of!
Clearly, this falling wedge pattern is coming to an end, because it has been a pretty long time. The price of Bitcoin is stuck in this "range". My ideas on it are the following: We are going to see a bullish breakout above the wedge, just right at the 0.618 FIB. All traders usually try to buy this breakout, but they probably don't know that there is a 0.618 FIB retracement just above the breakout level. Which is definitely an opportunity to short Bitcoin, not long! The next scenario I see is that we are going to see another touch on the upper trendline of the wedge, and after that, we are going to go down in a classic way.
I do not expect any strong bullish uptrend above 30k at all, and I am not buying Bitcoin, but we can trade it on futures.
From the Elliott Wave perspective, this wedge looks like a leading first wave diagonal pattern, which suggests the start of a huge crash. Now we are in wave (2), which is usually pretty strong and steep, so we can end wave (2) pretty soon!
I want to short Bitcoin at the 0.618 FIB retracement, if the price comes to this level! Otherwise, I trade altcoins on futures.
We have an unfilled CME GAP at 21k, do not forget it. But I think we are going to go even lower, to 15k or 10k. But I think if we really want to start a bull market, we need to fill the GAP before a new all time high!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
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GM BREWERIES SWING TRADE TRIANGLE 60%🚀
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
BIKAJI FOODS TRIANGLE PATTERN 🚀 6%
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
TATA CHEMICALS TRIANGLE PATTERN swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
It's just startingPrice is poking the upper vertex of the triangle. I think is going to break out soon. I have a long position, If it pulls back I'd buy more.
where to next?Being looking at CTSI for a while and this looks like a symmetrical triangle, which means it could go either way
However looks like RSI supports the move upwards
so I am gonna wait for a break out then place the trade
of course keep in mind after a break out there might be bull traps.
if we going long then 0.25 is the first place
if it doesn't break upwards and we go back down and it breaks downward then we are looking at 0.11
I will update with what my trade will look like soon
Bitcoin is heading to 33k! (REACT FAST)
We need to react to the recent price action of Bitcoin and switch from a bearish to a bullish perception, as Bitcoin is refusing to drop further and instead is building a very strong bullish base. A breakout above the bullish base is going to lead to a massive pump to 33k!
I was bearish from 30k to 27k, but now I am bullish, and I am already long on several altcoins. I may add a long position on Bitcoin on the breakout of the base or on a pullback at ~26900.
As traders, we need to react to price developments and alter our bias to successfully trade! Probably only a few understand this; if you do, congratulations.
This should be the last pump because I am still expecting a significant crash to 21k to fill the unfilled CME gap. We are going to fill the gap soon or later, and this will be your opportunity to buy cheap Bitcoin!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
If you shorted Bitcoin at around 30k, as I told you in the previous analysis, now's the time to take profit and potentially open a long position if you stick with Bitcoin.
So why is Bitcoin going to hit 32k or 33k? It's the FIB extension (classic + LOG) measured from 15476 -> 31000 -> 25811. This gives us targets 31741 and 33656, and I think these targets are very reasonable because I am not expecting any extended fifth wave on the major scale.
From the Elliott Wave perspective, Bitcoin has finished the ABC correction successfully. Wave B was a symmetrical triangle, and we need to be aware of triangles as they occur mainly in waves B and 4. Rarely, triangles also occur in wave 2 of impulse waves.
Overall, buying Bitcoin at the current price for the long term is not worth it because, on the major scale, we are in wave 1 (if you are bullish) and wave 2 is going to send Bitcoin to 21k. As I said before, there is a CME gap and a huge untested triangle.
I expect tremendous gains for the ARPA coin. You can find it in the related section down below!
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ARTEMIS MEDICARE TRIANGLE PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
FOODSIN TRIANGLE PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
btc --> which side of triangle breaks?hello guys...
which side does it break out?
watch it and get it on that specific side
---------------------------------
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NetApp WCA - Symmetrical Triangle Company: NetApp Inc.
Ticker: NTAP
Exchange: NASDAQ
Sector: Technology
Introduction:
Welcome to today's technical analysis. Our focus is on NetApp Inc. (NTAP), a major player in the Technology sector, listed on the NASDAQ. The weekly chart is currently exhibiting a Symmetrical Triangle pattern, suggesting a possible bottom reversal.
Symmetrical Triangle Pattern:
A Symmetrical Triangle pattern, typically seen during periods of consolidation, can signal a potential reversal or continuation of the current trend. It's characterized by a series of lower highs and higher lows, implying that the market is indecisive.
Analysis:
Previously, NetApp was in a clear downward trend. However, we've noticed a symmetrical triangle pattern in the consolidation phase, which seems to act as a bottom reversal. This triangle has three touch points on both the lower and upper diagonal boundaries.
In a bullish turn of events, the price has broken above the 200 EMA with a weekly candle, which reinforces the significance of the breakout. Consequently, this setup might present an immediate long entry opportunity.
The price target, should the breakout hold, is set at $90, indicating a potential upside of approximately 34% from the level of the breakout.
Conclusion:
NetApp's weekly chart reveals an intriguing setup in the form of a symmetrical triangle breakout, suggesting a potential bottom reversal. This setup could present a profitable long trading opportunity.
As always, this analysis should be used as a part of your overall market research and risk management strategy, and not as direct trading advice.
If you found this analysis valuable, please consider liking, sharing, and following for more updates. Wishing you profitable trading!
Best regards,
Karim Subhieh
KEI TRIANGLE PATTERN swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
BFUTILITIE TRIANGLE PATTERN swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
NACTO PHARMA TRIANGLE PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
STAR PAPER MILLS TRAINGLE PATTERN
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
KOSPI Composite Index - Symmetrical TriangleIndex: KOSPI Composite Index
Exchange: Korea Exchange (KRX)
Region: South Korea
Introduction:
Welcome to today's technical analysis. We'll focus on the weekly chart of the KOSPI Composite Index, highlighting a bullish reversal signaled by a symmetrical triangle pattern breakout.
Symmetrical Triangle Pattern:
The symmetrical triangle pattern is a neutral pattern that can signal either a bullish or bearish breakout, depending on which direction the price escapes. This pattern usually appears during a trend's consolidation period and is characterized by two converging trendlines.
Analysis:
The KOSPI Composite Index was undeniably in a downtrend, represented by a blue diagonal resistance line. However, this has changed as the index has entered a phase of consolidation, forming a symmetrical triangle over the last 294 days. The breakout from this pattern and the index's current position above the 200 EMA suggest a bullish market environment.
The price target, following a successful breakout, is projected at 2895.50 KRW, potentially signifying a price increase of approximately 16.5%.
Conclusion:
The weekly chart of the KOSPI Composite Index presents a bullish scenario, with a symmetrical triangle pattern breakout. This signals a potential reversal from the previous downtrend, suggesting a favorable environment for long positions in stocks within this index.
As always, this analysis does not constitute financial advice, and it's essential to conduct your own research and consider risk management strategies when investing.
If you found this analysis valuable, please like, share, and follow for more market insights. Happy trading!
Best regards,
Karim Subhieh
Bank Nifty Trade Setup (23-May-2023)As posted yesterday price is consolidating between 700-800 Points near ATH Level.
From price action Its moving in Lower Highs and Higher lows forming symmetrical triangle pattern breaking this pattern on either side can give 200-250 points for the levels of horizontal resistance also ATH on upside and horizontal support at 43550 levels.
For tomorrow Setup i will look for following :
1.) If Opens flat will wait for break of this triangle pattern and on which ever side it break will trade accordingly for target of Support or Resistance levels.
2.) If opens gap up will check if it retest this pattern and if sustain the Gap i will look for buying for target of ATH which will also be partial booking or full booking as per my time for it.
3.) If opens gap down will follow the same check if it retest triangle pattern if doesn't sustain will buy PE for target of support level. if price sustain above triangle lower trendline i will look for buying with first target of Triangle upper trendline.
This will be my personal trade Setup, This is not an advice of any kind to trade for anyone.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
How to Trade Symmetrical TrianglesHow to trade symmetrical triangle patterns with entries and stop levels.
FLOKIUSD: Bullish Gartley Within Symmetrical TriangleFloki Inu is currently trading at the lows of a Symmetrical Triangle that just about lines up with the PCZ of a Bullish Gartley and it could be targeting the 0.618 or Fibonacci Extensions above next.
FINNIFTY Expiry Day Trade Setup (23-May-2023)This will be my personal trade Setup, This is not an advice of any kind to trade for anyone.
Price is moving in Triangle Pattern will Break of this can give good trade setup, will follow these points:
1.) If opens flat between this triangle then will wait for price to break this pattern as buying PE near upper triangle trend line resistance for target of lower triangle trendline will be slow and there will be theta decay which will just eat premium.
2.) If opens gap up will look for nearby resistance levels. CPR Levels to be in a trade.
3.) Same for Gap down opening only will if it sustain support or if it rejects it.
4.) As it is expiry day so there will be volatility and if setup isn't good due to theta decay it will only eat premiums. Also if i place any trade in FINFIFTY i will be sure to book profits as soon as possible. and will try to look for 5 minute chart to enter a position and 1 minute chart to close my position.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
