Get started

Symmetrical Triangle

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 ↓ For more ideas please hit "Like" and "Follow"!
by UnknownUnicorn2537518
27
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. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
ALong
by UnknownUnicorn2537518
43
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. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
17
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. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.DLong
by CoreCrypto1
3
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. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
5
SEE THIS BEFORE TAKING ANY LONG POSITION! ALTPERP UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ALTPERP update. Here is the 3hr chart of Altperp. Altperp is a index which we can use while we trade in futures Altcoins. As you see in the chart, Altperp is retesting the symmetrical triangle after the breakdown. After this successfully retest we can expect a drop in this index so we can see drop in Altcoins too. So imo it's a bit risky to taking a long position here. Invalidation level:- If it break above the triangle then this chart become invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
FTX:ALTPERPShort
by CoreCrypto1
1
USDT DOMINANCE IS AT SUPPORT! WHAT TO DO HERE? LONG OR SHORT?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT Dominance is trading inside a symmetrical triangle and currently near the lower trendline. USDT Dominance needs to break the green support zone for further bullish rally on the market. If it again bounce from here then we see a dump in the market again. So it's better to wait for a close below the support level before taking any long positions here. It's a bit risky to open a long position here. IMO wait for the daily close is much better here. If you already have some long position then try to book some profits is a good idea here. What do you think about this? Do you think that it again bounced from here or it will break the support this time and we see a bullish rally in the market? Share your views in the comment section. If you like tis idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.D
by CoreCrypto1
2
Expressive Subjective Predictions About BTCThere is currently an ascending channel and two different symmetrical triangle formations that we are in at the same time. Although the support zone and trend for the lower band seem to hold the price tight, if the fundamental data creates a selling pressure, the targets of the relevant formation formations seem clear. On the 4-hour timeframe, the 200-hour exponential moving average is clearly acting as resistance. Also, the Stochastic Relative Strength Index is likely to exert negative pressure.
BShort
by the6ylal
BTC: EXPECTING A BOUNCE FROM $20K LEVEL IF?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. After the breaking out from the symmetrical triangle, BTC got rejected from its main resistance level which is at the $22k-$23k level. After this rejection, it's continuously dropping, and it looks like it is going for a retest of the triangle due previously. $19800-$20,200 is a very important support area. If BTC holds this support we can expect a good rise in the price of BTC. Also, there is a lower Bollinger band support at the $20k level so we have some more confirmation of bounce from that area. Let's see how this goes. Also, keep in mind that if it breaks below $19.8k level then we can see more dump in the market. What do you think about this? Do you also think that we can see a bounce from the $20k level or do you think that we see more lows? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
#BTC: CONSOLIDATION GOING ON! EXPECTING A UPWARD RALLY SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BITCOIN strong consolidation going on at $20k level, this can't go on forever, triangle primed to break to upside or downside. But RSI is printing bullish divergence though. BTC going above $21,800 makes a higher high, and going below $18,800 makes a lower low, and the next move likely sets the direction forward. 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
1