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Symmetrical Triangle

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Long
by CoreCrypto1
2
SOLANA → Consolidation before the rally continuesBINANCE:SOLUSDT is consolidating after a strong rally. This is a generally positive sign for continued growth as the altcoin season is in full swing. It may take some time to overcome the previous ATH Within the current move, Solana updates the ATH and forms a false breakout, which closes the coin in a channel, but not for long. A consolidation of 265 - 221 is forming within a strong bull market. The coin has several drivers: Trump, favorable background of his policies, talks about the fund, bullish BTC, which is already testing 105K and so on.... Technically, until the consolidation is over the movement will not continue. the trigger for continued growth could be the area of 250 - 265. The breakout and holding of the defense by the bulls above these zones could be good signals for further rally, as above 265 is empty and there is no resistance Support levels: 222, 205 Resistance levels: 239.6, 245.3, 264.4 I do not exclude the fact that a false break of support may be formed, but the market is generally bullish. accordingly, the current situation can be viewed from several angles: buy on a pullback or buy after a break of resistance with the aim of further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
10
ETHEREUM → A coin is being prepared To The Moon ↑BINANCE:ETHUSDT is lagging behind the general market growth in the cryptocurrency world. The price is still squeezed between consolidation boundaries, but there are already positive signs. Bitcoin is close to 100K and altcoins are opening the season. Ethereum is lagging behind in the race, this is clearly visible on D1-W1. It's not that the price can't reach ATH, the coin hasn't yet updated the 2024 high. Before the start of the altcoin season, the community was skeptical about the fundamental project due to the behavior of the development team, but the victory of trump, the change of the political team to a pro-cryptocurrency one could be the strongest driver for ETH in recent times. After local distribution, the price is testing the triangle resistance, forming another accumulation. A retest of the upper boundary indicates the formation of a trigger, the breakout of which will activate the rally. Resistance levels: 3442, 3568 Support levels: 3028, 2820 Technically, the coin shows us another trading range, the role of which is consolidation. If the resistance cannot be broken from the third time, a correction before further growth is possible. BUT! We need to be careful, as any BTC correction can trigger a bearish rally in the altcoin market. Bitcoin has almost reached 100K and for many this is a red zone for profit taking. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Long
by RLinda
22
Quant on the rise after goldencross helps confirm triangle breakQuant essentially confirmed its breakout upward from the symmetrical white triangle around the exact same time it had its goldencross. You can also see a light yellow channel it has also broken up from, upon reaching the target of the white symmetrical triangle breakout, Quant should then be able to break upward from the blue channel as well which has a breakout target that can send Quant back to retesting it’s previous all time high. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
TEL Symmetrical Triangle or Bull Flag ComparisonIs this a Symmetrical Triangle or Bull Flag? Here is how we decide. The triangle is in white, the flag is in pink. Symmetrical Triangle: higher lows and lower highs, representing a period of consolidation and indecision. The breakout direction typically depends on the preceding trend Bull Flag: A bull flag appears after a strong upward move (the “flagpole”) and consolidates downward in a parallel or slightly sloping trend. It signifies a continuation pattern, with a breakout expected to align with the prior uptrend. Analysis The prior move has seen strong upward momentum (55%, 44%, 33%), which supports the idea of a bull flag if the triangle is sloping slightly downward. However, if the triangle is symmetrical with equal pressure from buyers and sellers (not tilted), it’s likely a symmetrical triangle signaling indecision. I believe this is tilted upwards, signifying bullish. This is confirmed by the fact that net volume is $11 million above sell volume at time of writing. If it’s breaking above the triangle now and aligns with my target of $0.009, the breakout could validate it as a bull flag continuation pattern. 2. Key Factors Supporting the Analysis: Bounce off the 100-day Moving Average: A bounce off a significant moving average like the 100-day MA is typically bullish, indicating that buyers stepped in at a key support level. Breakout Above Triangle: Early signs of breakout above the triangle suggest bullish momentum building up. If confirmed with volume, this supports the bull flag hypothesis. Upcoming Catalyst (Public Hearing): The public hearing for Telbank approval on December 5 could drive speculative buying, adding bullish momentum. There may be a small sell the news effect, but if the hearing is positive this won't last for long. Short-Term Target ($0.009): If this really is a bull flag, the measured move target can be estimated by the height of the flagpole (the previous upward move) added to the breakout point. Risks to Watch: False breakouts are common in symmetrical triangles. Watch volume closely to confirm the breakout. If the price falls back below the 100-day MA, it could invalidate the bullish setup. Summary: Given the price action and catalyst, the pattern appears more like a bull flag continuation. Monitor the breakout level and volume for confirmation. If the pattern holds, the short-term target of $0.009 seems reasonable.
Long
by CryptoMitchX
1
Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
CRYPTO:XRPUSDLong
by DrDovetail
2
XRPUSD Weekly chart suggests a triangle breakout is nearingWe can see here how the bottom trendline of this brown symmetrical triangle has held support since early 2020 and will likely continue to do so. We can also see that we are on the verge of a weekly golden cross with the weekly 50ma (in orange) looking like it will cross above the weekly 200ma(in blue) shortly after the next bullish impulse in price action. Those MAs are currently serving as support for current price action and could easily maintain that support. If so then the place I arbitrarily put the dotted breakout measured move line is likely to be close to where the actual breakout occurs in which case the price target should be similar to what you see here. There is also a chance that we are given some sort of Black Friday or holiday discount, in which case price action dips below the weekly MAs momentarily….if so I personally think a retest of the bottom trendline of the brown triangle will be an optimal place for me to buy such a dip if I’m lucky enough for price action to retest it. If that were to happen the spot where the breakout eventually happens will have to be changed but it shouldn’t effect the price target too dramatically. Of course as always this is not financial advice and simply my strategy for my own holdings. Thanks for reading. Excited to see how this one pans out.
BINANCE:XRPUSD
by DrDovetail
Monthly chart triangle XRP is reaching apex We can see this monthly triangle that xrp has been forming since 2020 is nearing an apex. We can also see that, barring some sort of black swan, XRP is fairly unlikely to stay above 40 cents based on the extremely solid support of the triangles bottom trendline and the fact that the monthly 100 ma is now overlapping that trendline for double reinforced support. The top trendline has the 3 touches needed to be a valid line so it is suggesting a measured move of over $2. Of course being a monthly chart pattern it would likely take may months to reach the full target. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
3
Legendary Golden Cross on XRP happening right at triangle apexThis chart screams bullishness. We are just a few weeks max from the apex of this symmetrical triangle on the xrpusd weekly chart and we are also about to have a weekly golden cross(where the orange line goes above the blue line) Doesn’t take a TA expert to see on this chart what tends to happen when this weekly Goldencross occurs on xrp. Obviously this isn’t financial advice but if I had to take a mildly educated guess of what the outcome with the highest probability of happening here is I’d simply say:UP!!!
CRYPTO:XRPUSD
by DrDovetail
1
Updated monthly chart of the XRPUSD Symmetrical TriangleWe just had a big correction in the crypto markets and like clockwork the bottom trendline of this symmetrical triangle held exact support on the bottom wick of the current monthly candle. Will be interesting to see if that holds ultimate support as often right before a pattern breaks up there is a big pullback in price action similar to an archer pulling back their bow before releasing the arrow and letting it fly forward. So it’s also quite common to see price dip below the bottom trendline of a pattern right before the breakout upwards. Meaning, there’s still an opportunity for a correction that dips below this triangle before the break upward which would be a nice opportunity to accumulate a little at a discount if it were to occur. Either way the current dump we have experienced gives me confidence that a breakout is right around the corner. On the linear chart the breakout target for the triangle is right around $2.36-$2.40. The logarithmic measured move has us eventually reaching a target of around $11.47 or so but that is likely to take a fairly longer amount of time to reach the target of. I posted another chart of this triangle logarithmic mode and will link that chart link down below. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
3
Posted a chart of the XRP triangle fractalWe can see xrpusd is doing something very very similar for the past few years its been forming this massive triangle pattern that it did before the last time it had its massive breakout from a triangle that eventually led to its all time high. On the weekly chart we can see we are now very very close to the apex of this triangle and I have also superimposed a small screenshot of the triangle it broke up from. Back then as it does seem to be repeating itself here. If you zoom in you can see just before it broke up from the previous triangle it painted a big red wick to the downside to fake a lot. Of traders out of their positions before finally skyrocketing up and out of the triangle. This increases the odds that the fractal of that triangle we are in now might also have a big capitulation wick that dips below the current triangle first before the breakout upwards. If we are lucky enough to get a repeat of this fakeout tactic I know I will personally be buying such a dip. Speaking only for myself of course *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
1
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
BITSTAMP:XRPUSD
by DrDovetail
The weekly linear symmetrical triangle truncatedI wanted to post thesame triangle I posted in the previous idea,but instead of starting the top trendline from the ath in 2018 starting it from the second highest wick.I think both are valid but wanted to give this one its own separate chart since in doing so it makes both the top trendline of the triangle and the bottom have a more similar length and also gives me a easy red ,ove line that is tilted forward which could be useful should the dotted measured ove line start to act as additional support or resistance along the way to the target. Once again as I said in the previous idea, no breakout has been confirmed of this in ear triangle pattern just yet, but the current weekly candle is holding wick support exactly on the top trendline currently which is an optimistic sign. Still completely possible it loses that support but for now it seems post worthy so I can keep a close eye on it. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
XRP/USDT: The Path to $5 is Set!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Technical Analysis: XRP is displaying strong bullish momentum, breaking out of a symmetrical triangle pattern on the weekly timeframe. This technical formation, coupled with increasing trading volume, suggests a potential for significant price appreciation. Potential Targets: Target 1: $1 Target 2: $2.4 Target 3: $3.7 Target 4: $4.8 Entry Range: $0.6 - $0.7 Stop-Loss: $0.38 Fundamental Analysis: XRP, the native cryptocurrency of the XRP Ledger, is designed to facilitate fast, efficient, and cost-effective cross-border payments. With its growing adoption by financial institutions and its potential to revolutionize the global payments industry, XRP holds strong long-term prospects. What are your thoughts on XRP's future? Do you see the potential for a significant price surge? Share your analysis and predictions in the comments below! Let's discuss!
Long
by CoreCrypto1
5
XRPUSD log chart’s triangle pattern on the 1 month chart.Always a chance price action could break above this triangle at any given moment but we can see that the apex of this triangle goes all the way not 2026, so it could also just continue to grind slowly idle ways as well. Hopefully a final ruling in the SEC Ripple case occurs soon and isn’t followed up by any kind of appeal so price action can finally get moving. I am simply posting this chart here so i can keep tabs on this pattern as time progresses. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
4 potential shorter timeframe triangles on rep 1wk log chartMy previous chart idea which I will link to below showed the monthly timeframe logchart of the 2 potential larger triangles xrp has been consolidating in, so I wanted to also follow that up with a weekly chart timeframe of the the 4 potential smaller triangles we have also been consolidating in so I can eep track of their progress as well. All the potential measured move ines here have been randomly placed so of course where ever it does break upward will likely be slightly different and will only require I readjust those measured move lines slightly at that point only changing their price targets slightly. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
XRP can breakout of logchart triangle once .59 is sold supportThe top trendline of this logarithmic weekly chart symmetrical triangle has played amazing resistance for quite some time now. However since that trendline is a descending one, the price that xrp’s price action needs to maintain as support gets lower and lower with every weekly candle close. Currently, if xrp can flip 59 cents to solidified support and maintain that support for multiple weekly candles it would validate the breakout. By next week’s candle it could be even lower. For the sake of the steroids 589 number that seems to be associated with XRP, it would be fun if the level needed to flip to support to break above was 58.9 cents imo. With the uptrend in the crypto bull cycle seemingly resuming here, the probability of XRP climbing above .589 in the near future and staying above it has greatly increased. Wouldn’t surprise me if the day it really blasts off and confirms//validates the breakout of this triangle coincides with something newsworthy like Gensler resigning or the SEC Ripple case being settled or even dropped. I anticipate a Bullish December, but perhaps even a quite bullish rest of november here as well for XRP It’s already off to a good start to the month so far and hopefully it can keep that momentum going. Always a chance at some sort of temporary Black Friday black swan discounts though so wise to stay vigilant. In order to get as zoomed in as possible on price action for this post, I cut the measured move target out of the frame, but if you were to drag the chart with your mouse(or finger if using a touchscreen) you will see that the target for the breakout of this log triangle is around $10.57 if it were to break above the triangle on the enxt few candles. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
2
Xrp moving above highest top trendline of linear trianglesThese triangle trendlines are most accurate looking on the monthly chart. I wll also post a weekly timeframe version of this chart and a daily time frame version thats zoomed nto the top green trendline so you can see how we have 3 consecutive daily candle closes above this extremely pivotal trendline and now officially have closed one weekly candle close above it too. Seeing as how the trendlines of the green triangle seem most valid on the monthly time frame however, i think the most important candle close will be once we have a 1 month candle closing a portion of the candles body above the line and the follow up monthly candle also holds the line as solidified support. This is such a major trendline to flip to support and as you can see, the breakout target for the green triangle of $3.75 is actually right around the same breakout target as the yellow triangle of $3.70 that’s very strong bullish confluence that should help increase the probability of hitting those targets as it has twice the bullish momentum potential as just one of the patterns would have. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
3 consecutive 1day candle closes abve key triangle top trendlineI wanted to post a daily timeframe close up of the top trendline of the macro time frame green triangle that xrp has been consolidating inside since 2018. We now have 3 consecutive daily candle closes above its top trendline and are working on what looks to be the fourth here. You can tell that it appears to be forming another little smaller time frame bullflag here with the last 5-6 candles which it has already done a couple times as well on the 20 or so candles just prior to those. The triangle pattern is most valid on a monthly chart so we should definitely not get too presumptuous that we have flipped this trendline to permasupport until we have closed 1 monthly candle above it and retested it as confirmed support with the follow up monthly candle. However we are making good progress now as we now officially have 1 weekly candle close above this green top trendline as well —> I will link the monthly version of this chart below so you can click on that idea as well to get the full perspective of this triangle instead of just a zoomed in look at the daily. Target if breakout confirms in this zone is $3.75. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail