What to expect from $SukuThere are 4 important S/R levels on $Suku chart to pay attention.
A valid breakdown of $0.09 may provoke a 32% fall, as the next crucial support is at $0.06.
That'll be a disaster.
In a possible relief rally #Suku may reach prices as high as $0.20.
Symmetrical Triangle
Bigger Picture NVAX Projection - UpdateUpdate from post yesterday - obviously the manufacturing news killed momentum so taking this opportunity to roll to July expiration and add some lower strikes at a discount.
- Chart indicates a symmetrical triangle breakdown into support. DMI suggests accumulation, this will be the spring.
- Expecting yellow path to play out as price trajectory. Forming an impulse wave that takes it right through the equilibrium point where supply = demand at the intersection of support and resistance from the triangle.
- initial target around 70 but will need to give this some time to unfold.
- mid term I see this going to triple digits easy (by end of 2022 - that is conservative)
NVAX has done this every pandemic {pop to 300s, sell off to 40s, re-accumulate and take it back into the 100s... rinse and repeat}
Sincerely,
Covid-19
EURUSD Be Careful Going Short! Possible triangle on chart.A triangle is a continuation pattern, and the current trend is long, so this breakout, aside, depending on where we close, price could snap right back up through resistance. I would wait to get in short until a few more lows get cleared!
XTZUSDT is going to have a breakout from the triangleThe price is testing the 4h resistance on the triangle.
The price had a breakout from the dynamic resistance and now the market is testing the 0.618 Fiboancci level. If you look on the left you can see that the price has a supply zone on 2 - 2.1 $
How to approach it?
The price needs to create a clear breakout from that area.
If the price is going to get momentum and volumes, According to Plancton's strategy, we can set a nice order
BITCOIN Symmetrical Triangle FormationHello everyone,
BTC has been forming a symmetrical triangle for a while now, while we are seeing the immensely volatile move as the MM try to discourage any kind of leverage trades by liquidating on both ends trading in this market has become very risky.
We are waiting for CPI figures that are to be released on Friday by the US that can severely affect how the market will move in the coming month.
For now buying BTC in parts under 30K$ seems like the safest strategy to scalp by booking on the top end of the triangle
BULLISH SYMETRICAL TRIANGLE EUR/USDEUR/USD is expected to continue the bullish momentum it has been showing in the last couple days with a symetrical triangle formation.
Comment your thoughts and stay updated for the results 👍
BTC: A PERFECT RETEST! NOW READY TO BOOUNCE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC looks good as of now.
BTC is breaking out from the symmetrical triangle in the 8hr time frame and after the breakout, we got a perfect retest. And after this retest now it is ready to bounce.
If any candle closes below $29.5k then this retest process will become a fake move. But as long as BTC holds above $29.5k I'm expecting a good move from here.
You can also open a long position with an SL of $28,900
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XRP will breakout soonXRP made a big symmetrical triangle and now it is trying a breakout using ascending triangle.
If we see huge volume breakout with perfect retest.
XRP will give 80-130% in profits.
ETH is bullish?ETH as usual following the KING BTC.
It has same chart patterns bearish flag with symmetrical triangle to confirm the continuation in the downtrend.
And calculating bearish flag put it into the order block which is confirmed and tested.
Also after plotting Weekly MA 50 is acting as a resistance it's about time to be hit by it
REEFUSDT is creating a triangleThe price is creating an ascending channel below the daily resistance of 0.005$.
As you can see the daily area is very strong for the market, and the price got several rejections from that area.
How to approach it?
IF the price is going to have a breakout from that area, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
AMD daytrade ideaDespite market weakness, AMD has been holding and battling the psychological $100 level.
Also, I can see that a possible symmetrical triangle (a little wonky) black lines.
My plan into tomorrow is watching the direction of this move.
Upside scenario: Above $93.83 would long it targeting $96 and above that $100
Downside scenario: I would wait to see if price will break the bottom of the triangle, if it does i will enter short below the break and target $90 and $88.70
There is no need to have a bias in this market, just play what the day brings.
Good luck.
BTC: ONCE AGAIN APPROACHING TOWARDS RESISTANCE LEVEL!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is bouncing nicely from the $28k support level once again and now trading above the $30k level. If we see the 10hr chart, looks like a symmetrical triangle is breaking out but still 7hours left in candle closing. So we have to wait for the candle close and break above the resistance level for further bullish movement.
Do not get excited by seeing this pump. IMO waiting for the break of resistance level is worth watching here.
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Symmetrical Triangle on ZECUSDT Based on technical factors ( Symmetrical Triangle ) there is a long position in :
📊 ZECUSDT
🔵 Long Now 88.1
🧯 Stop loss 83.0
🏹 Target 1 96.0
🏹 Target 2 110.0
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
USDJPY-Weekly Market Analysis-Jun22,Wk1USDJPY, a sideway consolidation best present itself as a trading opportunity, in order for the break to happen on the upside, the candlestick has to break and close above 127.25. Towards the downside is much easier, provided there isn't any candlestick wick danging like what we saw on the current chart.
Sideway consolidation is my favourite breakout setup.
Bounce from top of symmetrical triangle/Elliot Wave CorrectionVANTAGE:DAX40
A possible bounce from the top of symmetrical triangle combined with an Elliott correction wave may give a good shorting opportunity but we'll need a convincing close below the trendline.
BTCUSD ShortBTCUSD has been trading in this tight triangle and it looks ready to breakout soon. Triangles can be traded in either direction but I have a stronger short bias.
CHAMBLFERTChamblfert broke out of symmetrical triangle on an hourly chart with decent volumes.
Could be bought with mentioned stoploss & targets.
ETH SHORT TERM UPDATE! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is trading inside a symmetrical triangle pattern in the 4hr time frame. Currently, it is reaching towards the major resistance line of triangle. If it breaks and close above the triangle ($2072) level then we can see a 14-15% pump in ETH.
On the other hand if we get the rejection from here then it might cam again to test the lower trendline of the triangle.
Let's see we will get a clear breakout this time or not.
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BTC: BREAKOUT OR JUST ANOTHER FAKEOUT? Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is trading above $30k.
BTC is breaking out from the symmetrical triangle and currently retesting it. After this successful retest, we might see a good upward rally.
The important thing to remember here is that we have seen a false breakout many times in recent days. Every time BTC did a break out it turned out to be a fakeout. So if you open any long position then keep your stop losses tight.
What do you think about this?
Do you think that we have seen a bullish rally from here or this is just another fake-out?
Share your views in the comment section.
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AXS SYMMETRICAL TRIANGLEA great symmetrical Triangle forming in a Bear market.....
High chance of giving a spike upwards in coming dayzz to gain more liquidity in this type of market where most of the people will try to enter a sell order....
If you can relate then do like and comment on what crypto or a stock I should analyse next ?
