Looking At Some Symmetrical TrianglesTwo symmetrical Triangles,
One on the left showing price poised above the higher trend line, which will likely lead to bull continuation as indicated by the green arrow
The one on the right shows a stronger breakout
Both of these scenarios are bullish and follow well with the bullish nature of symmetrical triangles
Symmetrical Triangle
$HHS is in its own bull marketHarte Hanks Inc, just broke out from a symmetrical triangle. Actually broke out yesterday and I did't buy. I'm being very cautions on buying breakouts as they still aren't working that well. But still I'm keeping an eye on it and wait on a throwback
NASDAQ:HHS is a company that provides B2B data-driven marketing strategies. It ranks #1 in its industry in IBD.
The measure rule for this pattern gives a target a sell at $17.40, that's a +35% run. If you want to buy today, I encourage you to place a stop-loss at today's low.
S&R ZONE + SYMMETRIC TRIANGLEwell im excited to see what happens with this and where the price ends up. although im low key bullish cause this a 4-hour timeframe which is quite big and large timeframes like these normally dont form bearish patterns, but we shall see what actually happens...
Happy Trading !!!
Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave
This is my quick update on Bitcoin on the 4h chart (local price action).
Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish!
We have an incomplete rising wedge, so there is a great chance for another wave to the upside.
As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave!
There are a lot of Elliott waves combinations, but i think this is most probable scenario.
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My second alternative Elliott wave count. We have a leading first wave diagonal here.
Wing Finance - Extremely high bullish volume! + 900% PROFIT
First of all I want you to take a look at the volume indicator - there is the highest volume spike since the coin was listed on the exchange!
This coin is currently #2 on TradingView Binance USDT list.
Price is printing a descending parallel channel on the daily / weekly time frame and it looks like the bulls already destroyed the main trendline.
Also we can spot a local symmetrical triangle on lower timeframes and if you switch to the 4h chart, you will see a strong bullish price action.
An Impulse Elliott Wave + ABC correction have been finished successfully!
You can take profit at the major resistance - previous swing high (wave B) +900% PROFIT.
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RUNE/USDT TRADE SETUP! READY TO PUMP 100%!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this RUNE/USDT trade setup.
RUNE looks good here. Breaks out from the big symmetrical triangle in 6hr time frame. Expecting a big move to the upside from here.
Entry range:- $2.34-$2.44
Target1:- $2.72
Target2:- $3.02
Target3:- $3.44
Target4:- $4.44
SL:- For leverage ($2.22)
For spot ($2.00)
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ALTS WILL PUMP SOON AFTER A LITTLE PULLBACK!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Alt M.cap AKA Total3 update.
Alt m.cap is trading inside a symmetrical triangle in the daily time frame and currently facing some resistance as the triangle's upper trendline. I'm expecting some pullback from here. I'm not opening any long positions now. Either I'm waiting for a pullback or if it breaks out from here, I'm taking some long positions.
Let's see how this goes.
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two triangle Set Up.When Price reaches an extreme it will turn back 80% of the time.
Therefore we leverage this wisdom and apply a simple Two triangle Pattern Set up.
The first triangle creates the high. The second triangle peak will create second High but lower : this is your entry.
10:30am we are in a FREE FALL. Pick your entry. Cause she's dropping it like its HOTTT!!!!
Never over Leverage.
trust your trade set up.
Have Fun!
And have a GREAT Weekend.
I Am Pro Trading Made SIMPLE
Matic - 2h chart patternsMatic had a serious push and now formed and broke on the downside a symmetric triangle and retested successfully the apex of the triangle. That is a bearish confirmation so we are expecting more downside from here . Let's see what happens.
Do your own research - have fun with the markets!
Cheers !
Ripple XRP - Warning to all traders! Elliott Wave + Channel
XRP is the most hated and most loved coin on the crypto market, no doubt about it.
I personally like XRP, because transactions are extremely fast and super cheap, but the price action is another level!
But let's take a look at the weekly / 3D chart and do Elliott wave / chart patterns technical analysis.
As you can see there is a huge symmetrical triangle that has been destroyed by the bears in May 2022.
Usually if a major pattern breaks down, then we need a lot of time to recover. It is a common thing to retest the triangle and then make a new low on the macro scale.
What's more, as per my Elliott wave analysis, I deeply miss the next final impulse wave down to complete a major ABC retracement.
If we take a look at the volume indicator - bearish pressure is still pretty high, which is not good at this moment.
We have a massive parallel channel on the weekly chart and I think we can definitely retest this channel again in the future.
Due to my analysis - I think we will go temporarily up from here and then a final capitulation move is going to happen.
I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓
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AutoFarm AUTO - Whales are buying! Breaking out + Triangle
First of all I want you to take a look at the volume indicator - we have an elevated volume and massive buying pressure!
On the daily chart we can clearly see a massive descending channel and the price is very close to so a breakout.
Also we have a symmetrical triangle + 200 daily moving average, likewise very close to a breakout!
Impulse Elliott Wave has been completed (5-3-5-3-5) and now we can expect at least a bullish retracement.
First profit target: End of the wave 4 + 0.382 FIB - 91% profit at 600 USD.
Second profit target (recommended): End of the wave 2 + 0.618 FIB - 425% profit at 1683 USD.
Always set your profit target slightly below these levels, to make sure you will get filled.
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FTX FTT - The most bullish altcoin! Huge base + Elliott Wave
FTT is one of the most bullish altcoins on the weekly timeframe, together with BNB!
We have a clear very bullish structure (rectangle) and bulls successfully defended previous swing low.
My Elliott wave analysis suggests that we have completed an ABC (ZigZag 5-3-5) correction and we can definitely go up from here!
If we take a look at the volume indicator, we can see a very low bearish pressure, so it's really good to see.
Out profit target can be 0.618 FIB extension from Wave 1 -> Wave 2, but this is just a projection for now.
FTX exchange is growing really fast and there is a lot of demand for the token.
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USDT DOMINANCE BOUNCING FROM SUPPORT! BEARISH FOR CRYPTO MARKET!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. As I told you in my previous USDT Dominance update that we have a very strong support at 7.0-7.2 level and it is exactly bouncing from this level.
USDT Dominance is already breaks out from the symmetrical triangle and this move to the downside is just a retest. After this successful retest we can expect a good bounce in USDT Dominance which is very bad for BTC and Alts.
For a bullish scenario it has to breaks below the triangle. Any 4hr candle close below 7.0 level will start a bullish rally in BTC and Alts. So keep a close eye on this and take trade accordingly.
What do you think about this?
Do you think it will continue bouncing from here or do you think that it will break below the support this time and we see a bullish rally in the market?
Share your views in the comment section.
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Ripple XRP - Finally huge opportunity! + Elliott Wave + Channel
XRP can finally make an uptrend, we have a local descending channel on the daily chart, which is very close to a breakout!
As per my Elliott wave analysis, the ABC correction can be completed, so we there is a great chance for an uptrend.
On the RSI indicator we can spot a bullish divergence with higher lows.
We haven't retested the massive yellow triangle yet, so we can definitely do it in the immidiate short term.
Your profit target can be end of the wave (1) + retest of the triangle + 200MA.
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