#SEI Ascending Triangle Breakout (High Risky Setup)#SEIUSDT is forming an ascending triangle pattern, a bullish continuation pattern. Enter long at the breakout above resistance, with a stop loss below the recent swing low. Set a take profit based on a favorable risk reward ratio. Monitor volume and practice proper risk management.
Techincalanalysis
Tezos (XTZ)🚀 Comprehensive Analysis of Tezos (XTZ/USDT)
🌟 Introduction to Tezos (XTZ):
Tezos is a next-generation blockchain platform focusing on smart contracts and decentralized governance.
What makes Tezos stand out is its ability to upgrade its blockchain without requiring a hard fork, making it highly appealing to developers and investors alike.
📌 Key Use Cases of Tezos:
1️⃣ Smart Contracts: Similar to Ethereum but with lower fees and enhanced security.
2️⃣ NFTs and DeFi: A preferred platform for NFT artists and decentralized finance projects.
3️⃣ High Scalability: Employs Proof of Stake (PoS) for energy efficiency and faster transactions.
✨ Thanks to its technical features and advanced governance, Tezos has become a favorite for long-term investors.
📊 Technical Analysis:
🔹 Price Pattern:
Currently, XTZ is trading within an Expanding Triangle on the weekly timeframe.
After testing the upper resistance line of the triangle, the price has entered a short-term correction and reached a weekly support zone (gray zone: $1.118 - $1.246).
💡 Key Characteristics of the Pattern:
In expanding triangles, a breakout in either direction often leads to significant price movements.
If buyers weaken, the price could fall further to the triangle’s lower boundary and the yellow support zone ($0.574 - $0.646).
📈 Bullish Scenario:
If XTZ manages to:
1️⃣ Break through the red resistance zone ($1.767 - $1.989) with strong momentum and volume, and
2️⃣ Penetrate above the triangle,
We can expect a move toward the following Fibonacci targets:
1.618: $2.426 - $2.920
2.272: $3.967 - $4.654
2.618: $5.782 - $6.486
📌 Confirmation Signals for an Uptrend:
Increasing volume during the breakout.
RSI entering the overbought zone, indicating strong upward momentum.
📉 Bearish Scenario:
If the gray support zone fails to hold:
The price may drop to the lower boundary of the triangle and the yellow support zone ($0.574 - $0.646).
This area could serve as a potential entry point for strong buyers.
🔑 Key Notes for Traders:
Pay close attention to price action around critical levels like the red resistance zone and the triangle boundaries.
📌 Decision Points:
1️⃣ Red Zone ($1.767 - $1.989): A breakout here confirms an upward move.
2️⃣ Yellow Zone ($0.574 - $0.646): Buyer reactions in this zone will reveal their strength.
Risk Management and emotional control are crucial to avoid impulsive entries.
🎯 Conclusion:
XTZ is at a critical technical juncture. The breakout from the triangle or key levels will determine its next direction.
Potential Scenarios:
🔺 A breakout above the red zone could lead to Fibonacci targets.
🔻 A breakdown to the yellow support zone may attract strong buyers.
$SHIB TA by GrokAI
Here's a technical analysis of the SHIB/USDT hourly chart:
Price Movement: The price has been in an uptrend, moving from around 0.0000217 to 0.0000250. It's currently facing resistance near the 0.0000250 level, as indicated by the price action at this point.
Volume: Volume spikes are visible at key points, particularly during the upward movements, suggesting strong buying interest. However, volume tends to decrease during periods of consolidation, indicating less conviction in price movements during these times.
MACD: The MACD is currently showing a bearish crossover with the MACD line crossing below the signal line, which could indicate a potential weakening of the uptrend or the start of a correction. The histogram is also starting to show negative values, further supporting this bearish signal.
Support and Resistance Levels:
Support: Around 0.0000228, where the price has previously consolidated before moving higher.
Resistance: At 0.0000250, where the price has faced rejection multiple times.
Trend Analysis: The chart shows a series of higher highs and higher lows, indicative of a bullish trend. However, the recent price action near resistance suggests potential for consolidation or a minor pullback before possibly attempting to break through the resistance.
Potential Entry Points:
Breakout Strategy: If the price breaks above the 0.0000250 resistance level with strong volume, this could be a bullish signal for entering a long position, targeting the next resistance levels or Fibonacci extension levels.
Pullback Strategy: If there's a pullback from the resistance level, look for support around the 0.0000228 level or previous consolidation
Ascending Triangle Breakout - New 52 Week High InboundNVDA price action continues to be bullish and is shaping up to form an ascending triangle pattern straight out of the book. We can see from the pink trend line that price action continues to make higher highs and higher lows and we can see that we are potentially running out of room. We can see here on the daily that the candle closed very bullish at a daily resistance level of $145.26 and had enough power to punch through the previously resistance at $139.56. If price fails to break $145.26, the former resistance at $139.26 will now become support and we can see, looking left, that this scenario has been playing out time and time again. If price goes and retests $139.56, I think that would give it enough power to break and close above $145.26 and very shortly thereafter, break and close above the all time high of $152.89.
[Vienmelodic] GBPCHF - 2 Jan 2025 SetupGBPCHF Market structure are still Bullish. Spotted demand area (Green Rectangle). its the first demand area and theres a bullish engulfing candle before the area so its the evidence of strong bullish continuation pattern.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic
BTC/USD: Break Out or Pull Back?The BTC/USD chart shows a critical technical setup, with the price testing a descending trendline near the 200-period Moving Average (MA). This convergence indicates a pivotal moment for market direction. A breakout above the trendline and MA could signal bullish momentum, while rejection might lead to a pullback toward support levels. #btcusd #cryptocurrency
Fri 3rd Jan 2025 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Buy. Enjoy the day all. Cheers. Jim
HUBB 1H Long Swing Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ biggest volume TE / T1 level
+ support level
+ boggest volume Sp
Calculated affordable stop limit
1 to 2 R/R take profit
Daily Trend
"+ long impulse
+ T2 level
+ 1/2 correction
+ support level"
Monthly Trend
"+ long impulse
+ T2 level
+ 1/2 correction
+ support level"
Yearly Trend
"+ long impulse
+ neutral zone"
EICHERMOT - 8 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
$ETHUSD Bullpost - Another indicator points to $6.05kHey folks!
Adding to the bullish case for ETHUSD, we have spotted a clear Inverse Head and Shoulders (IHS) pattern on the weekly timeframe—a classic reversal signal with strong upside potential.
1MO Macro TA:
Key Levels to Watch:
Neckline Break: Price has already tested and is flirting with breakout confirmation.
Targets: If this plays out, the measured move aligns with the 6.4k–8k target zone highlighted previously.
Momentum is building across multiple timeframes. The long-term bullish structures (Cup & Handle, Bull Pennant) remain intact, and this new IHS setup strengthens the conviction for a breakout into price discovery.
2WK ETHBTC:
Stay sharp, watch volume, and manage risk. NFA DYOR.
VAMOS
Credit to @sumairk for initially bringing this to my attention.
TradeCityPro | ONG: Daily Momentum and 4H Futures Triggers👋 Welcome to TradeCityPro!
In this analysis, I will examine the ONG coin, a key project within the Ontology ecosystem and a foundation for other projects within this ecosystem.
📅 Daily Timeframe: Loss of Momentum After a 100% Rally
In the daily timeframe, we observe an accumulation box from $0.2504 to $0.3551. After the last rebound from the $0.2504 support, the price experienced a 100% growth to the resistance at $0.5392.
🔽 After reaching this area, the market momentum completely shifted, and the price fell first to $0.3551 and is now at $0.3002. We can now say that the bullish momentum has dissipated, and for the price to increase again, it needs to build a new structure.
🔍 If further declines occur, breaking $0.3002 would be a suitable trigger. For confirmation of bullish trends, breaking $0.3551 is appropriate, but I will discuss these triggers more in the 4-hour analysis.
📊 The volume for this coin is generally low, which, as you can see, creates many shadows making futures trading challenging. Currently, the volume is also gradually decreasing.
🔼 If $0.3551 breaks and the RSI surpasses 50, the price could move higher. The targets for this move are $0.5392 and $0.7393.
📉 If $0.3002 breaks, the next supports are $0.2504 and $0.2170.
⏳4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, we can see price behavior in more detail.
✨ After the second bearish leg from $0.4071 to $0.3002 and a fake break of this support, the price formed a range box and we can also observe a descending trend line.
🔽 For a short position, if $0.3002 breaks, consider opening a short position. The target for this position is $0.2602. However, a floor above this zone at $0.3100 presents a riskier trigger, and if this area breaks, you could open an early short position. A break of 41.06 aids the entry of more bearish momentum and further market decline.
📈 For a long position, first wait for the descending trend line to break. In this case, you can use the trend break trigger or wait for a break of $0.3564. The target for this movement is $0.4071. The next trigger for a long position is a fake break of the $0.3002 support, which has already happened once and managed to keep the price above it. In case of another fake break, you could open a position with an engulfing candle or another pattern trigger.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Tia is good position for buying hello guys
This token is placed in a small bullish back channel after a deep correction.
According to the definition of the support range of the bottom of the channel, we expect it to grow up to the specified goals in a short period of time.
This analysis is only technically reviewed.
Be successful and profitable.
NZDJPY: Forecast & Trading Plan
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDJPY chart which, if analyzed properly, clearly points in the downward direction.
❤️ Please, support our work with like & comment! ❤️
$NVDA sideways 2 months, what's brewing?I have a couple charts indicating to me that an upside move will happen, when? That's not up to me. It's been a while since NASDAQ:NVDA has had a 10% week, maybe it's to come soon? I see a inverted head and shoulders on a 4H chart and a little flagging going on here on the 1W? Interesting to see how this will play out.
WallStLsr
GBPJPY Set To Fall! SELL!
My dear subscribers,
GBPJPY looks like it will make a good move, and here are the details:
The market is trading on 198.39 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 195.23
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
CADJPY Will Collapse! SELL!
My dear followers,
This is my opinion on the CADJPY next move:
The asset is approaching an important pivot point 109.43
Bias - Bearish
Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 108.28
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GBPCHF The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1328
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1286
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
APPLE Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for APPLE is below:
The price is coiling around a solid key level - 225.72
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 246.76
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK