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Symmetrical Triangle

BTC: Potential Symmetrical Triangle Breakout PatternHi friends! Recently I discovered a classic trading pattern on the BTC 4H chart: Bullish Symmetrical Triangle. The Symmetrical Triangle is a continuation chart pattern - usually, the price breaks out from the upper trend line in the direction of the prior trend. Everything's on the chart: - Beautiful Triangle: we can see how it is formed in an ongoing uptrend - The price is consolidating between Descending upper trendline and Ascending lower trendline - RSI is neutral, with a chance of Bullish Divergence - Volume is decreasing Let's see how this pattern may play out this week! Please hit the LIKE button and share your thoughts - would you bet on it?!
Long
by nefyodov.artyom
2
BTC: HOLDING SUPPORT! BOUNCE INCOMING!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC /USDT update. BTC went perfectly and did a breakout but suddenly we have news of Saylor's buying BTC and everything starts falling. Saylor's buying is actually a sell signal, every time he made an announcement BTC starts dipping. Right now BTC holding the support of $44k very well so far and starts bouncing. BTC is trading inside a symmetrical triangle in a 4hr time frame. I'm expecting a real breakout after 1 to 2 days. All we need is to hold the $44k level. If BTC breaks below $44k then things might get worse. So be careful with your leverage trades and don't take any position without an SL. What do you think about this? The dumps are over or we might see more correction? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
4
HNTUSDT is trying to create a new Higher highThe price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$. The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance. On 4h Timeframe the price is trying to create a new higher high. How to approach? We are waiting for the breakout from the key level and applying our rules for a long position. As you can see on the left, just a breakout is not enough to open a new long position, so we will wait even for our rules. Next daily resistance is 28$, don't miss it –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
HLong
by InkyGrip
2
LITUSDT is creating a triangleThe price had a breakout from the dynamic resistance on the daily timeframe after a retest at 1.23$. The market created a double bottom on it. On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle, where the resistance is the daily resistance. Be aware of the supply zone (circle) where the price had an accumulation before a new bearish impulse. How to approach? We are waiting for the breakout from the triangle and retest the previous resistance (daily) as new support.. If the price is going to have a breakout from the supply zone, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
16
AVAX has bullish Potential & Difficulties along the way🌳AVAX has been In a Big Symmetrical Triangle. But not Long ago a Bullish Break out Happened and Determined The Trend for this Pattern. as you know Depending on The Break out, The Price can change It's Trend (In Symmetrical Triangles). The Pullback has Happened & The Price is Ready To Reach around 120$ which is also a Big Target and Resistance. For Now We shall Wait for Reaction From 96$ which is another Resistance. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
5
KTC | Symmetrical Triangle Squeezed Breakout Trading SetupPrice action and chart pattern trading setup > symmetrical triangle with squeezed accumulation in the upper zone > Possible upcoming breakout for medium-term uptrend during Thailand re-opening and rising interest rate > Target 0.5 and 0.786 retracement zone > Stop zone at 2nd lowest point of triangle zone for medium-term and the lowest point of triangle for long term trade > Risk Reward Ratio: 2:1 for medium-term and 3:1 for long term trade Always trade with affordable risk and respect your stoploss
SET:KTCLong
by dukeposh