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Symmetrical Triangle

j.Hejazi | SPX500 Triangle BreakoutThe SPX500 failed to reach a new high when it hit resistance at 4160.0, forming a triangle pattern. The price has broken the ascending trend line and the 4-hour 50 moving average, and a break to the downside of the pattern at 4080.5 would confirm a new downtrend, signaling a sell with a target of 4006.0. On the other hand, if the price breaks the pattern to the upside, we must wait for it to clear the 4186.0 level before considering buying opportunities. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
8
Tron TRX is breaking out! Explosive pump is likely. As you can see, TRX is currently breaking out of the descending triangle on the daily/weekly timeframe, and an explosive pump is now likely! The take-profit is at the top of the triangle, which is 0.18 USDT. I think it's possible to go higher, but we don't want to risk anything, because we could be in wave 5 from the Elliott Wave perspective. Triangles are typically formed as a 4th corrective wave. This bull market that started in January is absolutely amazing, and I hope it will continue as long as it possibly can! We want to take as much profit as possible from this bull run. Sending USDT via the TRX network (TRC20) is very popular among crypto people. Furthermore, Tron's value held up very well during the 2022 bear market. It's definitely a positive sign. Now is the best time to buy TRX if you don't want to miss out on the upcoming pump! It will be huge! 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 we take a look at the previous price action from 2020 to 2021, there are no gaps that need to be filled. In other words, it's possible that we will never go back to these levels. I'm not sure how you feel about it, but I'm already long in the futures market. 171% is a good profit, so be greedy! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
Symmetrical Triangle on EUR/CHF @ D1EUR/CHF is currently showing a symmetrical triangle pattern following a long-term uptrend on the daily chart. It can now be used as a continuation trigger for a bullish breakout trading opportunity. My potential entry will be placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower apex (0.98739).
Long
by AndriyMoraru
j.Hejazi | EURCAD waiting for breakoutThe EURCAD currency pair has formed a triangle pattern with a divergence on the MACD indicator. This pattern also appears to show triple tops with another divergence. These patterns are located at a strong resistance area, as the price is touching the 200-week moving average and testing the key level of 1.46350. To consider a sell signal, the price must break the neckline of the triple tops and triangle. However, if the price moves up and breaks the moving average, it must also break the 2 yearly resistance trend lines at 1.47313 to be considered a buy signal. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
XRP LONG SETUP! READY FOR A 15% PUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this XRP/USDT trade setup. XRP looks good here. Breaks out from the symmetrical triangle in a 4hr time frame and a retest is also done. Long some here and add more in the dip. Entry range:- $0.406-$0.413 TP1:- $0.426 TP2:- $0.444 TP3:- $0.472 SL:- $0.3964 Lev:- 10x If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
4
Bitcoin - Secret pattern, no one talks about! Bitcoin will definitely reach 30,000 - 32,000 USDT this month, but after that the bears will try to shutdown Bitcoin, because of a massive resistance on the daily chart, so keep reading! Why is the 30k-32k level so strong? We have 4 confluence points here, and different people will sell Bitcoin at the different levels, but they are very close to each other, so it can end up with a significant crash. You can see the confluence on the chart, the levels are absolutely extremely strong, and it's really hard not to see any reaction here at all. 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. We have seen a very positive reaction to the FOMC meeting on Wednesday, which is also important from a fundamental perspective. My plan is simple, I don't want to short Bitcoin until we reach my specified levels. It's better to ride the uptrend with longs than get rekt with shorts. I recommend you do the same. Look at my previous idea about "25% CRASH from this level! Be prepared." in the related section down below, very important! From the Elliott Wave perspective, we have started a whole new bull market, and I expect this bull market to end in September 2025. How much could Bitcoin reach? 160,000 USDT or 360,000 USDT? You know my price target from my previous ideas for the long term. Thank you, and for more ideas, hit "Like" and "Follow"!
INDEX:BTCUSDLong
by UnknownUnicorn2537518
97