BITCOIN - Price can make correction and then continue to riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to wedge, where it at once declined from resistance line to support line.
Also, it broke $58900 level, but later BTC backed up and broke this level one more time, after which made a correction.
Then price in a short time rose to $65800 level, and even entered to support area, but then bounced down.
Price exited from wedge and then started to trades inside triangle, where it fell to support line first.
After this movement, BTC started to grow and soon reached $65800 level, broke it, and now trades close support line.
Possible, price can exit from triangle, fall to support area, and then bounce up to $71500
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Triangle
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you.
On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency.
Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance.
Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern .
I expect Dogecoin will fall to $0.119(at least/-10%) .
Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰.
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ETH - Roadmap to $3,300!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been hovering within a large range, forming a symmetrical triangle marked in orange.
📈 For the long-term bullish trend to be confirmed, a break above the $2,830 level is needed.
In that scenario, a move toward the next resistance at $3,300 is expected.
📉 Meanwhile, another bearish leg within the triangle is anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FILUSDT → Weakness in altcoins will manifest itself in decliningBINANCE:FILUSDT after a false breakdown of the 3.800 range resistance is giving signs towards the continuation of the decline. The coin is in a global and local downtrend and there are no reasons to change direction. The focus is on the support of 3.688.
Altcoins are extremely weak on the back of bitcoin's strong rally. The dominance of the flagship is currently at record highs, and the altcoin season has not arrived and apparently will not come anytime soon.
Bitcoin is testing strong resistance zones and cannot grow all the time. Any short-term reaction can affect the entire cryptocurrency market, which will color the coins in the red.
Support levels: 3.688
Resistance levels: 3.800
Technically, relative to 3.688 a descending triangle is forming after a false breakdown of the range resistance. It is a rather strong conglomerate.
Breakout of 3.688 and price consolidation below this area will provoke further selling and price decline to 3.4 - 3.3
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:FILUSDT ;)
Regards R. Linda!
Sold 1/2 Bitcoin. Raised Stops.Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel.
All along the big resistance target I have discussed has been 68k. I still believe we could break through it, however, the chart is beginning to disagree. Inside of my descending channel (which is bullish long-term) we have this ascending wedge pattern beginning to form (this is bearish). If correct and it plays out, it would take us all the way down to 48k. Sound significant? Yeah, that’s ‘cuz it is!
You’ve heard me discuss 48k many times in the past. It is the neckline of a larger inverse head and shoulders pattern seen on the weekly chart below. We wicked down once in an attempt to kiss and retest. But that may not have been enough tongue action for these bears?
Mark this wedge out on your charts and watch it closely. It is significant. And if it breaks? To 48k we’ll go.
USDJPY Triangle Could Activate with US Retail SalesUSD/JPY is consolidating in a triangle pattern ahead of the US retail sales figures and the ECB rate meeting. The ECB is expected to cut rates and may hint at more cuts due to inflation falling below 2%. If they turn dovish, it could help USD/JPY break to the upside.
US retail sales data, likely to have a bigger impact on USD/JPY, follows the ECB meeting. According to the triangle pattern, a break above 149.87 could push the price to 150.98, while a drop below 149.14 may signal a reversal. Ideally, strong US data and a dovish ECB would lead to a clean break to the upside, as trading against the uptrend in USD/JPY is likely to be challenging.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Symmetrical Triangle observed in CLEANNSE:CLEAN few weeks back gave a breakout and trapped the Bulls. The Stock in now forming a continuation Symmetrical Triangle at its breakout levels of 1625-1630
1. RS Nifty 55 is positive
2. RSI > 60
Entry - 1625-1630
TGT - 1780
SL1: Super Trend (10, 3) turn negative
SL2: RS 21 < 0
Will Ethereum Break Free?The next few days will be interesting for Ethereum traders and HODLers. The price has been stuck in a large sideways pattern for roughly 70 days and has formed a shorter triangle pattern over the past 54 days. Following such consolidations, a strong breakout is often expected, making Ethereum particularly intriguing right now, especially as Bitcoin attempts to exit its own consolidation phase.
For Ethereum, the price is confined within a triangle pattern. The downward trend line is drawn from the highs of August 24th, September 27th, and October 15th, while the upward trend line connects the lows of September 6th, October 3rd, and October 10th. These two lines form the triangle, and a breakout could lead to a potential gain of $619—about 23%.
However, triangle patterns can be unreliable, which is why we also focus on the high from September 23rd at $2,710. A break above this level would confirm the triangle breakout and strengthen the likelihood of a successful move. After the breakout, the key is that the price shouldn’t fall back into the pattern too deeply. For example, trading below $2,584 would negate the breakout and signal that the price might remain within the pattern.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
GOLD - Price can exit from triangle and rise to $2700 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to flat, where it some time traded near support area and then fell to bottom part.
After this, Gold made upward impulse, thereby exiting from flat and breaking $2530 level, and then entered to triangle.
Soon, price broke $2625 level and reached resistance line of triangle, after which made correction.
Price some time traded near $2625 level and even fell to support line of triangle, but soon backed up, making a fake breakout.
Also recently, Gold made a gap and now trades close to resistance line of triangle, so, I think it can make a little correction firstly.
Then price turns around and bounces up to $2700, thereby exiting from a triangle pattern.
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NZDUSD: One More Bearish Confirmation 🇳🇿🇺🇸
Earlier this week, I already predicted a bearish movement on NZDUSD.
I spotted one more bearish confirmation today.
This time, the price formed a symmetrical triangle pattern on a 4H time frame.
Its rising support was broken.
I think that the price may drop lower.
First goal - 0.604
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Ascending TriangleGood day traders. update on AUDCHF. As we can see we have an ascending triangle formation, because we have a bullish bias on this setup we will be looking for any bullish patterns signaling Buys. So please trade with caution because this pair can be quite aggressive and has quite a big spread so use proper risk management.
GBPJPY Approaching Breakout from Ascending Triangle PatternGBP/JPY has been stuck in a range for about 19 days. This range now resembles an ascending triangle pattern, with a potential break above 195.78, which could lift the price by 381 pips to 199.70.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
GOLD (XAUUSD): Very Bearish Setup ExplainedGold formed a head and shoulders pattern on the hourly chart, featuring a descending triangle as the right shoulder.
Both patterns had a common neckline, which was breached during the Asian session when an hourly candle closed below it.
This suggests a possible price decline, with targets projected at 2636 and 2624.
GOLD (XAUUSD): Very Bearish Setup ExplainedGold displayed a head and shoulders pattern on the hourly chart, with the formation of a descending triangle pattern as the right shoulder.
Both patterns shared the same neckline, which was broken during the Asian session when an hourly candle closed below it.
This indicates a potential drop in price, with targets set at 2636 and 2624.
BTC Breakout Watch: Big Move ($80K) Incoming? Hey everyone!
If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more!
Bitcoin (BTC) is looking strong here. It’s forming a cup and handle pattern on the 6-hour time frame and also appears to be breaking out of a symmetrical triangle. Right now, BTC is retesting this breakout level, and if it holds and bounces, we could see a powerful upward movement in the coming weeks. 📈
Target: $80K 🚀
Stop Loss (SL): $61.7K
What do you think of BTC's current price action? Are you spotting this bullish setup too? Share your thoughts and analysis in the comments below! Let’s ride this wave together!
Will XRP going to the moon? Always Disclaimer: Not advice to buy or sell a specific asset. Just share my thought on this.
Symmetrical Triangle : The price action appears to be forming a symmetrical triangle pattern, with the upper resistance and lower support lines converging. This suggests a potential breakout point in the near future as the price tightens within the pattern. The symmetrical triangle is generally considered a neutral pattern but often leads to a strong directional move once a breakout occurs, either upwards or downwards.
Support Levels : The price is hovering around $0.5482, which seems to be a level of consolidation. If this level holds, it could act as a support, preventing further downside. The next key support level appears to be around $0.47.
Resistance Levels : The top of the triangle indicates significant resistance around $0.65. A breakout above this level could lead to a bullish movement towards $0.75 or even higher, potentially challenging $1.00 and beyond depending on market sentiment.
Volume Consideration : It’s also important to monitor the volume closely. A breakout from a symmetrical triangle typically needs to be supported by higher-than-average volume to confirm the direction of the move.
Conclusion
If XRP breaks out above the triangle's resistance (~$0.65), there could be a strong bullish continuation.
If it breaks down below the triangle's support (~$0.47), there could be a bearish move to test lower support levels.
This is a crucial time for XRP as the price approaches the apex of the triangle, signaling that a significant move is likely in the coming weeks.
TURBOUSDT Triangle Breakout! TURBOUSDT technical analysis update
TURBOUSDT has formed a symmetrical triangle pattern and is now breaking the triangle resistance with high volume on the daily chart. The price is also trading above the 100 and 200 EMAs, which could signal a strong bullish move ahead.
Regards
hexa
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND!
Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice.
STOCHASTIC UPTREND
MACD UPTREND & BREAKOUT OVER ZERO LINE
RSI UPTREND
STOCK PRICE UPTREND
SYMMETRICAL TRIANGLE BREAKOUT
- MEASURED TRIANGLE: 727 BARS
- BREAKOUT MOVE 727 BARS HIGHER
(86.87%) $15.63
- TAKE PROFITS: TOP OF THE TRIANGLE
(39.78%) $11.70
- STOP-LOSS BELOW MA's AND VOLUME SHELF
2.5 RISK TO REWARD (15.89%) $7.04
QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE NASDAQ:QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE INBOUND!
NASDAQ:QCOM IS ON THE UP AND UP!
- Symmetrical Triangle Breakout
- Stochastic Curling Upward
- MACD Crossing Zero Line
- RSI Higher Highs
CATALYST: SEMIS ON THE RUN AGAIN!
Not Financial Advice!