AUTO - Massive channel is breaking out! Huge gains, Elliott Wave
First of all, I want you to take a look at the volume indicator. As you can see, we have huge bullish volume!
On the daily chart, there is a descending parallel channel that has been destroyed by the bulls recently.
Also, there is a local symmetrical triangle that looks like it is also breaking out, so we have a double breakout, which is nice to see!
Impulse Elliott Wave has been completed (5-3-5-3-5), and because of that, I expect a bullish retracement.
The profit target is at the end of the previous wave 4.
I don't have the historical data to put a fibonacci retracement from the previous all-time high, but it was around 13 500 USDT.
I think this is a pretty good setup to buy this coin on the spot market.
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"!
Symmetrical Triangle
Gbpaud long....Am looking to long this pair after the breakout to the upside occurs and a retest.
Aiming for a 3.16R....like and subscribe.
Nzdusd longs.....Am waiting for the breakout and retest of this setup to go long for 3.57R.
Like and Subscribe.
Possible Bearish Continuation For Stocks
Following on from my previous stock ideas, I'm expecting a further downswing after the consolidation bounce on most stocks for a Wave 'C' once the bearish continuation symmetrical triangle breaks down
Waiting for directional break currently
DJ:W1DOW
SP:SPX TVC:SPX OANDA:SPX500USD
OANDA:NAS100USD
NASDAQ:NQGM NASDAQ:NQGI
Bitcoin BTC - 250 000 USD next target! Bull market continues.
I think there is absolutely no time for a multi-year bear market at this moment.
We had exactly the same correction (73%) as in 2020, and after that a massive bull run started.
As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it.
An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully, and we can simply continue with a final wave 5.
We can reach 250 000 USD next year, probably around December.
2017 swing high support successfully acted as a resistance in 2022 and the bulls successfully defended a possible bear market.
The price is now above the 200 moving average. This MA is considered a very strong support zone by huge institutions and hedge funds.
As you can see on the chart, the price is printing a second bullish flag / falling wedge and also a parallel channel on the log scale.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
[07/30] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective
As I said yesterday, Bitcoin broke its high point and rose to 24.4K.
Since then, it seems that the wave has emerged as a form of adjustment to the increase
In general, the adjustment wave is divided into three waves: A/B/C.
Now, wave A appeared as it fell into abc form, and wave B appears to be coming out in the form of convergence.
If the downward deviation occurs from the triangular convergence, the C wave will appear, and the target value will be 23k, which is the Fibonacci expansion value of 1:1 (the point where the A length and C length are equal).
23k is likely to be more meaningful because it overlaps with the Fibonacci 0.382 points (down 38.2% of the rise; universally supported) for the increase from 20.7k!
Today, please check where the convergence currently being drawn breaks and where it bounces, and if it breaks downward, please refer to what I said earlier!
CRM - Bullish Divergence on MonthlyCRM hit a low of 154 in late May, a 78.6% fibonacci retracement of it's major AB swing up.
It then traded sideways in the past 2 months, forming a symmetrical triangle.
With bullish divergence seen on it's monthly chart, it looks like the odds of a breakup is likely and when this happens, it is probably a good time to ride the trend.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
ZRXUSDT Waiting For The Triangle Breakout!ZRXUSDT Technical analysis update
ZRX formed a symmetric triangle in 4h chart, if the price breaks above the triangle resistance line then we can expect an up move in ZRX.
Buy zone: above $0.335
Stop loss : $0.30
TP 1 : $0.365
TP 2 : $0.405
TP 3 : $0.460
Max leverage: 1x
Always keep stop
Thanks
Hexa
TWT Multi-Year Triangle Pattern Calls for $1.4 TargetSince its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level.
Symmetrical Triangle Pattern
This multi-year pattern has the potential to continue driving the price action in the coming months unless we get a clear breakout on either side of the symmetrical triangle. First, TWT's price made a base near the $0.30 level, which was followed by a powerful uptrend topping out at $1.65.
A subsequent sell-off pushed TWT's price down to around the $0.45 level, generating another base from where we rallied again, but failed to reach the previous high. TWT topped again at $1.40 and sold off to $0.55 to form another base.
In the short-term, we have left the base, and if the same pattern repeats again then the current rally could fall below the March 2022 high of $1.40.
A weekly break and close above the $1.00 psychological level has the potential to cement the bullish case scenario.
RSI Oscillator
The weekly RSI has also broken above the 50 mid-level; the last two times this signal occurred, we had two powerful rallies. The bulls have the upper hand as long as the weekly RSI continues to print positive momentum readings.
RAD big riangleBig nice triangle on 1h chart. good consolidation. I hope it will break up this one. Good entry point imo.
INTU - Broke out of symmetrical TriangleAfter falling about 52% from it's peak of 714 to a low of 339 on 12 May, INTU began to move sideways for the next 2.5 months, cumulating into a Symmetrical Triangle.
It began to break above this triangle yesterday and today continued on the upward trajectory. The trend is clearly reversing to the upside now and any near term pullback should ideally not fall back into the triangle.
Managed positions with trailing stops on the way up. Expect some resistance as it reaches around 490 - 500 (former support turned resistance).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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
Gbpjpy shorts.....The 4H breakout candle must fully form before entry on retest.
Quick 3R like and Subscribe.
Setup to long DXYIf I see the breakout of the descending triangle I will long DXY....
The setup above yields 3.53R....
Like and Subscribe.
$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 !!!
Gbpusd long setup.....Inverse head and shoulders.....coupled with triangle break.....
A strong daily close above these structures should most likely lead to a bullish move to 1.26000.
3R....like and Subscribe.
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.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
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.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
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)
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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 !
