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Triangle

BITCOIN - Price can little correct and bounce up of the triangleHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it at once declined to support line, which coincided with support level. Then price in a short time rose to $63400 level, broke it, and later reached resistance line of wedge. After this movement, BTC made downward impulse, exiting from wedge and breaking $63400 and $54400 levels. Next, price entered to triangle, where it made upward impulse from support line to resistance line, breaking $54400 level again. But then BTC made a correction movement, after which started to grow, and now it trades near resistance line. Possibly, price can little fall and then bounce up to $66000, exiting from triangle and breaking $63400 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
13
ADAUSDT !!Hi. BINANCE:ADAUSDT ADA is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
2
EURUSD Long - term outlookEURUSD Long - term outlook This is a Daily chart for the EURUSD. With the most recent increase, EURUSD managed to break out to the up side of a massive Triangle that's been forming since January 2024 At this stage the price has produced an effective breakout as it has closed a few candles above the resistance line There are 2 additional confluences that support a possible increase - The 20, 50 and 200 EMAs align to indicate a possible beginning on an up trend and the MACD is indicating Bullish continuation The price can continue up targeting 1.11 and 1.125 in extension but this might as well be a false breakout and the price may reverse down again aiming at the 1.07 levels The way that you can increase your chances for success are by looking at a smaller time frame
by RTED_Investing
Symmetrical Triangle Symmetricle Triangle on the daily chart. Breaking up or down? Bullcase: what speaks for a breakout to the upside is that the shorts liquidation levels are up around $70k which most likely is a area of interest for the marketmakers wanting to make hence meat by liberating the shorts of their holdings. Target: coincides with the range high at $70k Bearcase: Volume is fizzeling out... Bulls running out of steam? if so it will be easier for the Bears to sell in to the possible breakout to the downside. Target: coincides with the range low at $50k
by NiVaGu
6
GOLD → Traders consolidate ahead of news...FX:XAUUSD is forming a trading range. The emphasis is on 2531 - 2485. On the background of profit-taking, before the news, the price may test the support before further growth. . The fundamental environment is the same: tensions in the Middle East and focus on Powell's comments on Wednesday and Friday. Today it is worth paying attention to the FOMC meeting, which will take place at 18:00 GMT. People are not interested in the rate cut itself, but in hints, comments and statistics. Technically, the global bullish trend continues, but before the news traders are not ready to take any important actions to continue the trend. On the background of profit-taking or manipulation, the price may come down to liquidity zones before further rise. Resistance levels: 2510, 2525, 2530 Support levels: 2495, 2488 The focus of his trading strategy is to build a bullish trend, which is still dominating the gold market. But, it is worth paying attention to the news. Regards R. Linda!
FX:XAUUSDLong
by RLinda
3
Bitcoin Outlook after the Dip. What to expect NOW?BINANCE:BTCUSDT Bitcoin is attempting to break through resistance of symmetrical triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 100 to confirm the continuation of the bullish trend📝 ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!
BITSTAMP:BTCUSDLong
by CobraVanguard
GOLD → We're up to 2500. What's next, up or down?FX:XAUUSD is updating its historical high due to fundamental reasons. At the moment the market is struggling for 2500, at the same time the dollar is showing the prerequisites of readiness to go south. Fundamentally, there is a lot of interest in gold for several reasons: Crisis in the Middle East, expectations of Iranian action. A shift in the policy dovish view of the economy by the Fed Jackson Hole Symposium. Traders are quite positive, in anticipation of Powell's comments on the economy and their impact. Technically, a strong bullish trend and the realization of accumulation is forming on D1. The price updates the high and closes Friday's session very promisingly (at the weekly and daily high) A price consolidation above 2510 will be a good starting point to the next psychological levels. Resistance levels: 2510, 2525, 2550 Support levels: 2495 Technically, the focus is on the 2510 - 2495 range. If a false breakout of resistance is formed, profit-taking or MM actions may provoke price decline to the imbalance zone before further growth. But, a confident consolidation of the price above the resistance may form an impulse to 2525. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:BTCUSDT Now bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
USDCAD → The currency pair is preparing to decline. Target 1.360FX:USDCAD for the last few days does not show any preconditions for a pullback or growth, forming a pre-breakdown consolidation relative to 1.372. The fall of the dollar can provoke a breakdown.... Technically, the price is returning to the range of 1.3755 - 1.3600. The bears are holding resistance, forming a descending triangle under the upper boundary of the range, which is generally a prerequisite for a fall. The only possible target in such a case could be the range support. According to the survey conducted by BofA among investors, more and more traders are betting on the decline of the dollar. The general policy of the Fed is also putting pressure on the index. The currencies may go into a strengthening phase.... Resistance levels: 1.3755, 1.3787 Support levels: 1.372, 1.3655 Technically, the currency pair is forming a local downtrend, and the intermediate patterns play the role of triggers for the continuation of the movement. Accordingly, I continue to expect that the currency pair may decline to 1.36 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;) Regards R. Linda!
Short
by RLinda
8
Descending Triangle Patter in SBILIFE For Target @1751+On the 1-hour timeframe, SBILIFE has broken out of the resistance level of a descending triangle pattern. This breakout is a significant technical event, suggesting a potential strong upside rally. Following this breakout, the price is expected to move towards the 1751+ level, indicating a bullish trend. To capitalize on this movement, traders can consider entering a long position once the price sustain above the 1700 level. The targets for this position would be in the range of 1735 to 1751+, aligning with the anticipated upward momentum. It is crucial to manage risk by setting a stop loss just below the 1665 level, which will help protect against potential downside if the market reverses.
NSE:SBILIFELong
by TradZoo
2
XRP Major Breakout: Is Next Price Target Will $1.22?Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. The cryptocurrency market has been characterized by volatility and uncertainty, but one digital asset is currently turning heads: XRP. Technical analysts are buzzing about a potential game-changing breakout as the altcoin displays a classic bullish Symmetrical Triangle pattern on its weekly chart. The Symmetrical Triangle Pattern A Symmetrical Triangle is a chart pattern formed by converging trend lines connecting a series of lower highs and higher lows. This pattern often indicates a period of consolidation before a significant price move. The direction of the breakout, upwards or downwards, determines the subsequent price action. In the case of XRP, the Symmetrical Triangle has been forming for an extended period, suggesting a substantial amount of energy building up within the pattern. If the price breaks out to the upside, it could signal a powerful bullish move. The Bullish Case for XRP Several factors contribute to the bullish sentiment surrounding XRP. Firstly, the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has been a major catalyst for price volatility. While the case is still ongoing, recent developments have injected a sense of optimism into the XRP community. Secondly, XRP's underlying technology, RippleNet, continues to gain traction in the global payments industry. As more financial institutions adopt Ripple's solutions, the demand for XRP as a bridge currency could increase, potentially driving up its price. The Potential Price Target: A Jaw-Dropping Figure Based on the Symmetrical Triangle pattern and historical price movements, some analysts are predicting a mind-boggling price target for XRP: $1.22. Achieving this level would represent a significant increase from current prices and would undoubtedly shock the market. It's important to note that price targets are estimates based on technical analysis and should not be taken as guaranteed predictions. The cryptocurrency market is highly volatile, and numerous factors can influence price movement. Conclusion XRP's bullish Symmetrical Triangle pattern has captured the attention of traders and investors alike. If the breakout occurs as anticipated, it could trigger a substantial rally in the price of XRP. However, it's crucial to approach this potential move with caution and conduct thorough research before making any investment decisions. The cryptocurrency market is constantly evolving, and new developments can emerge at any time. Stay informed, manage your risk, and consider consulting with a financial advisor to create a personalized investment strategy.
Long
by bryandowningqln
(Update) !!! Gold daily Chart Analysis : Bull or Bear ? (READ)Gold it was in an ascending triangle which means the price is about to do a good bullish movement ✨ Fortunately The break out happened. The price can increase as much as the measured price movement ( AB=CD ) . ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
COMEX:GC1!
by CobraVanguard
Bitcoin Contracting before ExplodingBTCUSD has seen a solid rebound off a crucial support level, successfully capturing liquidity at the previous month's low. Over the past week, the daily chart displayed choppy price action, leading to a period of consolidation within a tight range. Notably, the weekly timeframe has formed an inside bar pattern, signalling potential indecision among traders. A break and close above 63,000 could provide a strong bullish signal, potentially driving the market toward the next resistance level at 73,000. The upward momentum could persist, especially if the market rejects the prior week's low. On the 1H timeframe, a classic triangle pattern is unfolding, suggesting the price may continue oscillating within this structure before making a decisive move. The target is the resistance zone at 63,400
COINBASE:BTCUSDLong
by RTED_Investing