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Symmetrical Triangle

ETHBTC also breaking above large symmetrical triangle on monthlyThis triangle is found on the 1month log chart. This pattern is more speculative than the smaller inv h&s and bullflag patterns I posted in the previous idea to this that I will also link to this idea. If the ethbtc pair were to hit this symmetrical triangles breakout target ethereum would gain insane dominance against btc. Again this pattern validating is much more speculative than the bullflag and inv h&s patterns I posted in the previous idea…but as of now this pattern is still a valid one….even if not quite to be seen on the linear chart. *not financial advice*
by DrDovetail
3
DOGE/USDT TRADE SETUP! READY FOR A 60% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this DOGE/USDT trade setup. DOGE looks bullish here. DOGE is breaking out from the symmetrical triangle in a 12hr time frame. Also, break above 200ma. Buy some here and add more in the dip. Entry range:- $0.74-$0.77 Target:- 60-65% SL:- $0.66 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
Is it over? Hi everyone, Yesterday I analyzed BTCUSDT and talked about the reason that we are still bullish in the short and midterm. (link down below) Today, we are going to be analyzing ETHUSDT, and the chart looks clear and beautiful. Right now we just broke above previous resistance where we took off some liquidity that was sitting above the previous high, and we are at a really important level of resistance of a wedge that we are inside of it. We are in the narrower channel part of the wedge and the price is showing a loss of momentum and a rejection of that resistance. Even though on the H1 timeframe price is in a symmetrical triangle, which is a continuation pattern, I lean towards breaking to the downside. However a break to the upside is possible, and if does so, I will analyze tomorrow where it will go. Btw, DOGE is looking good if it closes above the resistance. Maybe take a look if you get to read this post right away. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
SOL 30% PUMP ON THE WAY?SOL is looking bulllish on daily timeframe and 4 hr timeframe , It formed a symmetrical triangle and breaked it on daily timeframe upside which means sol is ready for a take off to the next resistance of 60-69$ which also a region of daily 200 MA and also technically target of symmetrical triangle of around 30-39% . We just want a retest for confirmation, BUT BUT BUT...... still fundamentals will play a major rule for solana future for more and regular update follow our account.
Long
by CryptoCoder12
CAD/JPY - 1H - Breakout SetupCAD/JPY is in a range, forming a symmetrical triangle . The price action is currently testing an important resistance zone after forming a double bottom on support zone. I'm expecting a resistance breakout due to Double Bottom + Bullish Divergence on the RSI and Volume uptrend on OBV. Now key zone for bulls is to break above the resistance zone. While a break from support zone will bring bears in party. The price could also stay in the range. Trade your levels accordingly.
by yo_zubair
MDX - Prepare for a massive breakout! + Huge parallel channel MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the downtrend for a potential breakout trade. The first profit target is at the strong resistance - wave (4) + double TOP, but i think we can go even higher later. I think MDX is a great choice together with KP3R! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
MLong
by UnknownUnicorn2537518
47
Ethereum ETH - Rising wedge is crashing! Drop to 1250 USD? Ethereum is unfortunately losing steam, according to my technical analysis. On the daily chart, the price is printing a clear rising wedge pattern that is currently breaking down! Ethereum has already made a massive 105% gain in 51 days, so I think the wedge is likely to break down rather than up. As per my Elliott Wave analysis, which is my main specialization - a major impulse wave has been completed and we are prepared for an ABC correction to the downside. Volume is generally lower during the 5th wave, and this is a textbook example here on the chart. If we take a look at the RSI indicator, we can spot a nice bearish divergence with a lower low swing on the indicator. The question is how deep the correction is going to be. We are retracing the first wave, so the correction is usually deeper. You can see 3 levels on the chart where I expect a bounce. For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
76
Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT! Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much. We have a first wave as a leading diagonal and I presume this makes sense from the time perspective. The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks. The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
58
Triangle Formation on DXY on 8/9/22I enjoy trading many technical patterns, but this one I am not a fan of trading until price action shows a non-neutral trending structure. Therefore, I will only be monitoring DXY. Equilateral Triangle Pattern: This is when the price action s neutral (flat) due to the price trending in both directions at the same time. Typically many fake outs happen with triangle formations, so it is very important to include a price filter when trading this.
TVC:DXY
by CandlesofKarma
[08/10] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective Bitcoin has been showing a strong trend since August 8. That's why I don't think it's good to trade with the mindset that "Bitcoin has risen this much, so I'm going to take a short position" and "Bitcoin has fallen this much, so I'm going to take a long position." First of all, after the strong rise in B-c accompanied by the volume of transactions I've suggested two days ago, we're going exactly according to Elliott's view that there's a stronger C-wave decline with the volume of transactions, and it's now in a very important section. This is the bottom line of Bitcoin's one-hour parallel channel, which I emphasized before, and it is a very supportive position at the level of one salary. And as it has a strong meaning, it has shown a weak rebound by supporting it at the bottom line despite its strong decline. I think there will be a little change in the big view depending on whether there will be a further rebound or a break from this position First, there is a high chance that the rebound will not come out properly here, and if you break the bottom line, you will go according to the previously raised point of view. There's a lot of possibility of a further plunge. Second, if there is a rebound here, it is likely that the B wave, which is newly raised today, will converge for a long time. It's a perspective that keeps moving up and down in the form of a triangulation and rising at the end of the convergence. Considering the current four-hour stoic, it is located at the bottom line, so even a slight rebound is expected to give a little boost to the rise. + The purple trend line at the top is the bearish trend line from 32k.
by BeastTrading_Sehyun
3
BTC: A BIG MOVE INCOMING SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is still consolidating in the same range from the last 5-6 days. It is trading inside a symmetrical triangle in a 4hr time frame and the triangle is squeezing very tightly here. So we definitely see a breakout or break down. Bullish case:- If BTC breaks out of the triangle and breaks the $23.5k resistance then be ready for the $26k-$27k level. Bearish case:- If BTC breaks down the triangle then be ready for the $19k-$20k level. Let's hope BTC breaks out in the upside direction. What do you think guys? Do you think we see a rally to $26k-$27k from here or do we see a dump from here? Share your views in the comment section. Thank You! S
by CoreCrypto1
16
Biconomy BICO - Ready for a massive breakout! Wedge + Triangle BICO on the daily chart looks like it wants to pump any time soon! We have a descending broadening wedge and a local symmetrical triangle, so we have a pretty good confluence to buy a breakout. What's more, as per my Elliott Wave analysis, the massive impulse wave has been completed, and that's why I expect a retracement. I recommend buying a breakout above the wedge + triangle + new swing high for a higher probability of success. The main profit target is at the 0.382 FIB + below wave (4) and I think we should definitely hit the target in the immediate short term. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
BLong
by UnknownUnicorn2537518
43