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Symmetrical Triangle

STMX/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this STMX/USDT TRADE setup. STMX looks good here. STMX is trading inside a symmetrical triangle in 1hr time frame. Once it breaks out from the triangle expect a 15% move to the upside. I'm buying some hear and adding more near the lower trendline of the triangle. You can either long now or long after the breakout. Entry range:- $0.186-$0.188 Target:- 10-15% SL:- $0.181 Lev:- 10x-20x It's a low-risk and high-reward trade setup. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
SLong
by CoreCrypto1
BTC - YO-YO - UP AND DOWN...WEEKLY (W1) Ongoing price action is for the time being not very encouraging ; indeed, after having briefly tested the resistance ton @ 42’680, the Bitcoin reversed sharply and came back below the weekly clouds support area. The level of the next weekly closing will be very important to look at as, a closing confirmation below 40’118 would be seen as a negative signal which would increase considerably the downside risk, putting the focus for the next supports : S1 : 38'547 S2 : 37'581 S3 : 36'980 In order to temporary neutralise this downside risk, the Bitcoin should at least close above the Tenkan-Sen,(@ 41’279), level already mentioned several times in my previous analysis. Next resistances being : R1 : 42'248 R2 . 43'385 R3 : 44’523 DAILY (D1) High volatility seen over the last couple of days, triggered firstly an upside triangle breakout, calling for a target @ 43’400 which has been missed, higher level being 42’979, which matched with the top of the clouds resistance area and which triggered the sharp downside reversal , pushing the Bitcoin below 40’000, @ 39’770. Yesterday, the Bitcoin failed to recover and closed, for the first time, below the triangle bottom support line which validated this triangle formation calling for a target @ 37’581. Warning, watch carefully ongoing price action (pullback) which may either validate or invalidate this recent downside breakout. Watch also carefully the price action of the LAGGING LINE which is currently testing the bottom level of the clouds. Finally, it is also important to note that the primary uptrend support line is currently @ 36’980 (Support nr 3 mentioned in my weekly analysis) 4 HOURS (H4) Currently below the clouds (39’824-40’998) LAGGING LINE also below both Tenkan-Sen and Cajun-Sen. RSI below 50, @ 36.91 A « DOJI » triggered a « shy recovery », which for the time being has been rejected by the bottom of the clouds resistance area. 1 HOUR (H1) Below the clouds, Kijun-Sen and Tenkan-Sen Watch closely the RSI which may show a potential Bullish divergence (potential double bottom too) which if confirmed may trigger some recovery, with a limited upside potential as this recovery should be seen as a corrective move only in a broad bear trend. IRONMAN8848 Jean-Pierre Bürki
BITSTAMP:BTCUSD
by Ironman8848
1
FIL/USDT symmetrical triangleFIL/USDT pair is forming lower highs and higher lows following two sloping trend lines that eventually intersect. We expect that breakout can be in any direction. To determine take profit(TP) zones we can apply the measurement rule for symmetrical triangles: compute the formation height from highest high to lowest low and add to or subtract the difference from breakout price depending on the breakout direction. This time we have support zones near expected price goals (in an upward direction 21,7/23,5 and in a downward direction - 16.8/18,45) so we can set up our TP zones in that support/resistance zones.
COINBASE:FILUSD
by Deviantor_Wayne
Is NIFTY in bulish zone ? Nifty have a very good systematic triangle pattern in top of 1d timeframe if you ignore the fake brakeout because that is a V shape recovery after go downside so its a fake brakeout . I hope it will break after weakly expire . If nifty break the upper level which is 17940 then we may see a bulish candle in nifty but to enter we need a re-test in nifty because we are in the top . so re-test is important as per my analysis . Still if anyone want to every in first brakeout then you need to must set 1:2 target Stop loss after that you can trail . But if that's break downside then you can go with first breakout . *Do your own analysis before entering the trade this analysis is my point of view so do your own research before enter the trade .
NSE:NIFTY
by THE_PSYCHO_TRADER
Tk - Principle of PolarityNYSE:TK Please correct me if I am wrong. I am just a beginner What I see: - 8-4-22 We broke out of a symmetrical triangle. - The breakout occurred on above average volume. - The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become support. Today (21-4-22) and the following days will tell us if the Principle of Polarity is valid on this chart. What are your expectations for Teekay Corporation? This is no financial advice.
NYSE:TKLong
by StijndeVries
NFTUSDT Possible symmetrical triangleWhat we have here is a symmetrical triangle. we maybe super lucky and have 2 long opportunities. The first long would be when price drops to the lower trendline of the pattern. long there if price makes it with minimum risk. ALWAYS USE STOP LOSS. the second entry would be the breakout of the pattern. but we buy (BCR) BREAKOUT,CLOSE,RE TEST. WE BUY THE RETEST OF THE BREAKOUT, in case its a fake out we take on minimum risk. so there's the strategy. trade safe.
Long
by SCI_Group
Glmr/usdt symmetrical triangle H/S ideawhat we have here is a winning trade. i planned on buying at the lower trendline. I did not open the trade based on what bitcoin. we all know btc is the driver of the show. when btc dips 3% altcoins dip15%. so yes i had fear of losing money, a trait that needs to be eradicated when putting on a trade. kill all fear doubt and uncertainty. Moving along... now we have a new idea in motion. with the breakout of the symmetrical triangle. The strategy here is buy the BCR (BREAKOUT,CLOSE,RETEST). WE Buy the re test of the breakout of the symm triangle. good luck and i plan on posting more set ups...
Long
by SCI_Group
Awaiting Symmetrical Triangle BreakoutAs you can see, the price action has formed lower highs and higher lows in NSE:MOTILALOFS . The volatility has also dropped massively. The RSI (9) in Hilega_Milega is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 1075, however, it may break down. ENTRY position @ Breakout with strong momentum crossing up above VOLUME PROFILE POINT OF CONTROL Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing . If you like the idea, do not forget to support with a like and follow.
NSE:MOTILALOFSLong
by Ami8singh