Symmetrical or ascending?Ascending triangle could be forming inside a symmetrical one... VGX gave us 20% in the last trade, and this could be a nice one also... Levels and instructions are on the chart...The hourly oscillator looks ready.. Set alarms, weekend action...
Good luck traders!
Symmetrical Triangle
[09/06] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
On an hour-long basis, Ethereum and Bitcoin do not appear to deviate to one side from their respective patterns.
However, the fluctuation is starting to increase due to the Ethereum merge issue
In general, I felt that Ethereum was leading Bitcoin in recent movements.
In the same upward line, the difference in the increase (buying tax) was also evident, and I think Bitcoin's market dominance may have decreased a little.
First of all, on the chart, Bitcoin has dropped sharply since today's shooting, spitting out all of its gains, and it is now close to the bottom line of convergence.
Due to the relatively large scale of the convergence, deviating from the bottom line can be accompanied by a large additional drop.
(On the contrary, breaking through the top line may be accompanied by a large additional rise)
Ethereum continues to rise due to the influence of the merge issue.
The third picture I uploaded is the Ethereum 5 minute candle, which you can check with the short-term upward trend line.
Before you leave that line, you need to be careful about the Ethereum short position.
Since NASDAQ is also opening today, the fluctuation is likely to be large starting from now.
Let's stick to our own trading principles so that we don't get confused trading!
CHZ formed a Symmetrical Triangle!!!Now, as the chart has formed a Symmetrical Triangle in a uptrend doesnt mean it should go upside, cause the Daily frame and Weekly frame chart doesnt indicate any signs for a bullish movement. So as I have marked the support level "of the Symmetrical Triangle" and the "4H Support Level" . If the price continues to break the "Support level of the Symmetrical Triangle" and close near to my entry price, I would enter for a short position with 2 Take Profits. You can follow this Trading Setup
⚠️NOT A FINANCIAL ADVICE!
SFP head and shoulders #SFP/USDT
$SFP is inside symmetrical triangle and also shaped head and shoulders pattern that price is above the neckline.
🐻 breaking down from neck line can drop price to lower support zones and final target of H&S can be around $0.36.
🐮 holding the lower line of triangle as support can increase price to upper line and break out from upper line will increase price to upper resistance zones.
BTC symmetrical triangle in 1h time frame#BTC/USDT
$BTC shaped a symmetrical triangle in 1h time frame.
🐻 break down from lower line will drop price to somewhere around $19200.
🐮 break out from upper line will increase price to around $21k.
NIFTY ENERGY - Just a view Key highlights: 💡⚡
📊 Currently NIFTYENERGY is giving breakout of Symmetrical triangle.
📊 and 29304 is its resistance level we can see rally of around 1000 point.
📊 but into RSI level 72 is working as resistance level twice.
📊 Keep an eye on both things RSI as well as price movement.
📊 One can go for long into ENERGY SECTOR.
📊 Example : ADANIGREEN , ADANITRANS , ONGC.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Happy Ganesh Chaturthi, ❤️🙏🏻 we wish that all hindrances and hurdles are cleared for you.
Michhami Dukkadam 🙏🏻 Michhami Dukkadam is all about Forgiveness and Kindness!
Symmetrical Triangle Personally waiting for upside Breakout for Long entry with the combination of Price Action strategy.
Trade safely my Friends and let me know your views on this in comments.
CBAY - Large Symmetrical Triangle Symmetrical Triangle leading to a bullish breakout plotted using a bars pattern
Symmetrical Triangles are often considered a bullish pattern
Eurusd symmetrical triangle formation Eurusd forming a symmetrical triangle if it's break upside I will go for long if the triangle break down go for short..........
DYOR!!!!!!
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout 📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO.
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO.
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
KMD coiling up?Nice triangle, BTC drop didn't mess this one... Moves are getting narrower. Could move soon.
Entry on support or on breakout... Good luck traders
TLM weekly falling wedge potential to increase +900%#TLM/USDT
$TLM broke out from weekly falling wedge, and in daily time frame is inside lower zone of symmetrical triangle.
🐮holding this zone as support and will increase price to break out from triangle and pumping to upper resistance levels.
if price going up to reach weekly falling wedge target it can give us more than 900% profit.
🐻 if price breaks down from lower zone of triangle this analysis will be invalid and I will update you!
EURUSD - The downtrend is at the end! Elliott Wave + Channel
The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.
On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.
As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.
On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.
As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!
The profit target is at 0.618 FIB + the start of wave 4.
For more ideas, please hit "Like" and "Follow"!
CADCHF - BULLISH EXPANDING TRIANGLE 🚀The CADCHF price is in Daily Support Level and Bullish Expanding Triangle Pattern🧐
the Resistance Line is broken ✔
so, i predict a bullish move 📉
TARGET: 0.75400 🎯
...
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
[08/25] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
A series of ups and downs in the continuous triangular convergence, but I pierced one direction for the first time yesterday.
It's the top line right above.
I'll explain the response for the time being easily, so if you refer to it carefully, you can win the probability and profit and loss battle and proceed with the sale!
The shape of the chart is as simple as possible, so it will be easy for beginners to understand.
Let's get down to business!
Last night, a big rise broke through the top line in the big triangular convergence that had been shown for several days.
However, it was a little vague to say that it was an upper side, but it fell again and came down.
What you need to check here is
1. Short term "green upward trend",
2. Existing "Triangle Convergence Top Line",
"Red decline trend" from 25.2k
4. "Blue upward trend line" below
the green upward trend
A V-shaped rebound came from the short-term green trend line, confirming that it was a meaningful support line.
If it comes down again, there is a high probability of support on this line, and if it breaks, there is a risk of further decline.
Triangular convergence top line
He broke the top line of the triangle convergence in yesterday's shot, but he came down from the top without holding out, so I think it could still be meaningful.
It still hits the top line and falls slightly, and I think it will be a little more positive for the rise if it breaks through and settles upward.
A line that acts as a resistance.
Red on the decline
It's a downward trend created by 25.2k and 24.4k.
If we break through this downward trend and hold out from the top, it will be a little more positive for the rise, but we haven't yet.
If you break through, you'll break through a sharp decline, so I think you can judge that the decline has subsided a little.
Blue upward trend
It's the bottom line of the triangle convergence.
I think it will be the last line for those who see the upward view.
If this line breaks and falls, you have to think about renewing the 20.7k low point!
It acts as a support line.
If you check the support/resistance lines carefully and enter a position with a good probability and profit/loss ratio, you will lead the sale to an advantage!
Ripple XRP - Market overview + Elliott Wave analysis
XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why.
During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction.
This tells us that the bulls are not strong enough yet to push the price higher and that the bears remain in full control.
I think XRP will experience a massive uptrend on the weekly chart, but we still need to be patient and wait for the opportunity that should come later in 2023–2024.
As per my Elliott Wave analysis, this bearish structure is absolutely incomplete, and that's why I expect another down-trend.
The chart printed a symmetrical triangle on the weekly chart that broke down. Symmetrical triangles on weekly timeframes are especially powerful, and it usually requires more time for the bulls to regain strength again.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more analysis, please hit "Like" and "Follow"!
Still on the same PlanHi everyone,
In my last post, I explained why we are still going to the next major support after retesting an important level.
Today, we are still in a continuation pattern that consolidates inside a symmetrical triangle. So, we are still on the same plan of going to the next major support after breaking to the downside.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
MY LONG SWING TRADE IN INDIA CEMENT India cement making good price action pattern in daily time frame,
this stock follow more than 200 days trandline resistance and break this trandline with strong bullish candel in daily TF with good volume.
also stock is follow support trandline with good respct.and aslo its PEMA(21,34,55) its turn to flat to sloping upside its best singh for long this stock
my lavels are enter to this stock
BUY = 204-205
TATGET = 210,220,230
STOP LOSS = 195
Binance BNB - Stronger than ETH! Best time to buy?
As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is an extremely bullish event!
Also, BNB is stronger than ETH, and as per my analysis of the BNBETH pair, the uptrend should continue into next year.
On the daily chart, we can clearly see a falling wedge pattern that has been destroyed by the bulls recently. Now we are "retesting" the pattern.
My Elliott Wave analysis suggests that a major ABC correction has been completed and we have already started a new impulsive wave to the upside. Currently, we are in the second corrective wave.
Binance coin is definitely a great choice and with an upcoming alt season, this altcoin will perform much better than Bitcoin.
Look at my ideas about BNBBTC analysis and other promising altcoins in the related section down below.
For more analysis, please hit "Like" and "Follow"!
Alpine Formule 1 - Breaking out! Huge opportunity, right now.
As you may know FAN tokens show great strength compared to other altcoins.
A huge symmetrical triangle is breaking out on the weekly timeframe, as well as a local rectangle base!
Due to my Elliott Wave analysis, I expect an impulsive wave, because the massive ABC correction has been completed.
I also checked out the ALPINEBTC pair, which is even stronger, so I don't know what about you, but I am buying!
The profit target is below the previous all time high, which is a reasonable target before a possible correction.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more analysis, please hit "Like" and "Follow"!
1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?Price action and chart pattern trading
> Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal.
> Aggressive entry @ downtrend channel wave ii and iv breakout
> Safer entry point @ triangle breakout
> Target @ previous 1 wave 0.382- 0.5 retracement zone
> Stoploss @ triangle lower support zone
> Risk reward ratio: 2:1
Indicator:
MACD - signal golden cross anticipated soon
RSI to breakout downtrend line MA before making the long entry
Always trade with affordable risk and respect your stoploss
