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Triangle

NEAR can ascend further!The price has faced a volume shortage after breaking the ascending triangle, which is well indicated by the divergence and volume. Technically, in the first scenario, the price can drop to the support line of the triangle and then reach the 0.618 line, or it may fall below the support line of the triangle and reach the 0.382 Fibonacci line, causing traders to get liquidated as usual, and then price rise up. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
Gold: trend analysis and price targetsCOMEX:GC1! has been very bullish in the last year, up to the record high at 2.800. Currently the bullish trend seems to have stopped, as demonstrated by the symmetrical triangle configuration that developed starting from october 2024 and still on formation. Inside this consolidation phase , the point and figure analysis shows a double bottom sell signal (2.620 break). This signal is actually a weak one and its main indication is to underweight for those currently long and want to protect themselves from a possible bear market. The new buy-entry level is set at 2.760 . For those who want to follow this weak sell signal nonetheless, maybe looking for an aggressive counter-trend trade in anticipation of a bear market, it is possible to go short with target price set at 2.460 and stop loss at 2.760. A more ambitious target can be set at 2.360.
COMEX:GC1!
by LogikaResearch
Potentially large move on gold inbound.Gold daily is showing price rejection right in the range of $2,666.90 which is an area of confluence of resistance, Icimoku cloud, and a triangle that price has formed. Looking left I can see that the current price is a high traffic zone with many daily candles opening and closing as well as a lot of indecision. Essentially, I can see price churning to the right until Friday, January 10th for NFP. Because the price is in such a zone that it is in right now, bullish or bearish news, I predict price will push to and passed the zones in green and will most likely move to the support and resistance that I has indicated with the arrows.
FOREXCOM:XAUUSD
by windycitytraderphoenix
Bitcoin can correct a little and then start grow to 101K pointsHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price traded inside the range, near the support level, which coincided with the buyer zone and then rebounded up to the seller zone. After this, the price turned around and corrected the seller zone below a support level, but soon turned back to the range. Later it started to grow and in a short time reached the resistance level, and broke it, thereby exiting from the range and even rising higher than the seller zone. Bitcoin rose to new ATH (108250 points) and then started to decline inside the downward triangle. Price quickly dropped to support line of this pattern, breaking 102500 with 94500 levels, but later it rose higher than the 94500 level, breaking it again. Next, the price corrected the buyer zone, after which fell to the support line of the triangle again and then rebounded up to the resistance line of this pattern. recently price exited from a triangle pattern and now it continues to grow. For this case, I expect that BTC can correct to resistance line of the triangle and then start to grow to almost the resistance level. That's why I set my TP at 101000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Waaree Energies Forms Symmetrical Triangle: Next Steps...?WAAREE ENERGIES is currently developing a symmetrical triangle pattern on its price chart. This technical formation suggests that the stock is consolidating, with decreasing volatility as it approaches the triangle's apex. At this time, the share price has bounced off the lower trendline of the triangle, which is situated at the 2820 price level. This rebound indicates potential support at that level, suggesting that buyers are entering the market. If WAAREE ENERGIES successfully breaks out above the upper trendline of the triangle, we could possibly see a significant price movement, signaling a bullish trend. Traders should closely monitor key levels and volume as the pattern unfolds to capitalize on any potential breakout.
NSE:WAAREEENER
by Kartik_Elkunchwar
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.
NASDAQ:NVDALong
by windycitytraderphoenix
XRPUSD LONGFor me this is a technical trade setup based on the current market conditions however in hindsight of how XRP tends to pull back even during a bull run, I will practice cautions in how I enter the trade therefore I either for the pull-back towards 2.26 price or a breakout above the symmetrical triangle and then enter on the support retest. In the short term the price target is 2.84. Summary : Entry (Buy) - 2.26 or 2.48 After breakout Target = 2.84 Sound sleep with planned trades!!! Follow, Boost and let's Grow together.
BITSTAMP:XRPUSDLong
by ForeignCapital_fx
11
Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets Dogecoin (DOGE), the original meme coin that captured the imagination of the crypto world, has recently shown signs of a significant breakout, prompting analysts to revise their price targets.2 After a period of relative stagnation, Dogecoin has demonstrated renewed momentum, breaking through key resistance levels and signaling a potential shift in market sentiment.3 This article explores the factors contributing to this breakout, the significance of the new price targets, and the broader context of Dogecoin's place in the evolving cryptocurrency landscape. Understanding the Breakout In technical analysis, a breakout occurs when the price of an asset moves decisively above a key resistance level or below a key support level.4 These levels are identified by analyzing historical price data and represent areas where the price has previously struggled to move past.5 A breakout signifies a potential change in the prevailing trend, suggesting that the asset is likely to continue moving in the direction of the breakout.6 Dogecoin's recent price action has confirmed a breakout above a significant resistance level, indicating strong buying pressure and a potential shift from a bearish or sideways trend to a more bullish outlook. This breakout is a crucial development for Dogecoin holders, as it suggests that the cryptocurrency may be poised for further gains. Factors Contributing to the Breakout Several factors could be contributing to Dogecoin's recent resurgence. While attributing specific causes in the volatile crypto market can be challenging, a combination of influences likely plays a role: • Renewed Community Engagement: Dogecoin has a strong and dedicated community that has been instrumental in its past successes.7 Renewed engagement and activity within the community can contribute to increased awareness and demand for the cryptocurrency. Online discussions, social media campaigns, and community-driven initiatives can all contribute to positive price movement. • Broader Market Sentiment: The cryptocurrency market is often influenced by the overall sentiment surrounding Bitcoin and other major cryptocurrencies.8 When the market experiences a general uptrend, altcoins like Dogecoin can also benefit from the positive momentum. The current market conditions may be contributing to the renewed interest in Dogecoin. • Potential Integrations and Adoption: While still primarily known as a meme coin, Dogecoin has seen some instances of adoption for payments and other use cases.9 Any news or speculation regarding further integrations or adoption by businesses or platforms can contribute to positive price action. • Whale Activity: Large holders of Dogecoin, often referred to as "whales," can have a significant impact on the cryptocurrency's price. Large buy orders from whales can trigger significant price movements, contributing to breakouts and rallies. Analyst Price Targets: A Sign of Confidence Following Dogecoin's confirmed breakout, several analysts have revised their price targets for the cryptocurrency.10 These price targets represent predictions of where the price of Dogecoin could move in the near to medium term.11 While these targets are not guarantees, they reflect the analysts' assessment of the current market conditions and Dogecoin's potential. The new price targets set by analysts indicate a growing confidence in Dogecoin's potential for further growth. These targets can act as psychological levels for traders and investors, influencing their trading decisions and contributing to market momentum. The Significance of Dogecoin in the Crypto Landscape Dogecoin occupies a unique position in the cryptocurrency world. It originated as a lighthearted joke but has since evolved into a significant player in the market.12 Its strong community, low transaction fees, and relatively fast transaction times have contributed to its popularity.13 While often dismissed as a meme coin, Dogecoin has demonstrated its resilience and ability to generate significant price movements.14 Its continued presence in the market highlights the dynamic and unpredictable nature of the cryptocurrency space. Challenges and Future Outlook Despite the recent breakout and positive price targets, it's important to acknowledge the challenges that Dogecoin may face. The cryptocurrency market is highly volatile, and sudden price swings are always a possibility.15 Dogecoin's reliance on community sentiment and social media hype can also make it susceptible to rapid changes in market dynamics. Furthermore, Dogecoin faces competition from other cryptocurrencies with more advanced technology or specific use cases. Its long-term success will depend on its ability to evolve and adapt to the changing landscape of the cryptocurrency market. However, the recent breakout and the positive price targets set by analysts suggest that Dogecoin still has the potential for further growth. The cryptocurrency's strong community and unique position in the market could contribute to its continued success. Conclusion Dogecoin's confirmed breakout represents a significant development for the cryptocurrency.16 The factors contributing to this breakout include renewed community engagement, broader market sentiment, potential integrations, and whale activity. The new price targets set by analysts reflect a growing confidence in Dogecoin's potential. While challenges remain, the cryptocurrency's unique position and strong community could contribute to its continued success in the evolving cryptocurrency landscape.
Long
by bryandowningqln
VANRY/USDT Breakout Alert: Ready for a 100%+ Rally!!🚀 Hey Traders! 👋 If this setup excites you, hit that 👍 and smash Follow for trade ideas that deliver real results! 💹🔥 VANRY: Primed for Liftoff! 🚀 VANRY is breaking out from a symmetrical triangle on the 4-hour timeframe and has successfully retested it. The chart is screaming bullish potential, and this could be the start of an explosive move! 📍 Entry Range: Current Market Price (CMP) – Add more up to $0.115 🎯 Target: 100-120% upside potential 🔒 Stop-Loss: $0.108 ⚖️ Leverage: Use low leverage (Max 5x) to manage risk 💬 What’s Your Take? Do you see the same explosive potential in VANRY? Share your analysis, strategies, or predictions in the comments below. Let’s capitalize on this opportunity together and secure those massive gains! 💰🌊
Long
by CoreCrypto1
AUDUSD Clear cut triangle, extended move in the waitingThis beggining of the year it seems triangles are shaping up and extended moves following breakout are in the waiting. Following yesterday's idea, this one is similar but now on AUDUSD. A clear cut triangle appeared in the 1H chart and the breakout should be happening in the next 24 hours. Better to wait for the breakout to be confirmed in the 4H or ideally in the daily. Then, it is up to you how to play it. I have put a FIB retracement ranging between the main weekly support and resistance, starting from the 2020 low and the 2021 high. The FIB levels match very well the price action and offer good guidance.
by Taguspt
EURUSD → The bears are stepping up the pressureFX:EURUSD continues to form a downtrend. The price updates the local minimum, reaching the target indicated last year :). What's next? Fundamentally, the situation is weak due to Trump's policy towards the euro zone. The strong dollar also increases the bearish pressure on the market. Technically, the priority figure is the downtrend and the previously broken consolidation boundary - 1.033. It is this zone that the price is currently aiming for as a zone of interest. Resistance levels: 1.033, 1.0448 Support levels: 1.022 Both technically and fundamentally the situation is weak, therefore, the emphasis on strong resistance levels from which the fall may resume. Regards R. Linda!
Short
by RLinda
1
Descending Triangle on Brent @ D1A descending triangle pattern has formed on the daily chart of the spot Brent oil. It follows a long-term downtrend in the oil price and can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (81.710) - the red line. I will ignore bullish breakouts from this trend continuation pattern.
VELOCITY:BRENTShort
by AndriyMoraru
Beautiful triangle waiting for 1K pips+ breakoutA perfect triangle has taken shape in the #AUDJPY chart touching laser sharp on all major candles across multiple timeframes. I first saw this on the 4H chart but it immediately became clear it was clean in all timeframes, with support going even going back to september last year! This is a very choppy chart, so will wait for breakout in either direction to put a trade on. I could add that the HMA is bearish in all but the lower 1H timeframe, but in this case that gives me no extra information. Given the significance of this triangle in terms of form and duration, one can expect a large move after breakout. If the breakout about to occur is bullish I will build a position towards the different resistance levels up to the 107.8 region, that is equivalent to 1000 pips! Will take profits along the way, of course. If bearish, the potential is even greater, targeting first major support in the 88 region with stops along the way, mainly the bottom of the huge pin bar of the 5th August slightly above 90.
by Taguspt
Raymond 1 d chart signalling price action Raymond is looking in the uptrend after making a low near 1326. It is reversing from there on daily chart . Ascending triangle pattern is forming and is about to complete the same . Volume is Supporting in this uptrend . RSI momentum is showing intact with higher high with Price in conjunction. Both are in same tandem . Signaling bullish momentum. If price closed above 1829 on daily chart further bullish Moment can be expected . If price closed below 1428 on daily chart further bearish Moment can be expected .
NSE:RAYMONDLong
by Tech_Mak