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Triangle

DOGECOIN on the rise! Let's goo!Hello traders! At this very moment, we can feel some recovery after the market has been retracing and even piercing ATL on several coins. DOGE, however, has remained very solid and true to its uptrend. I've marked a certain confluence zone that could give us a hint as to what may happen. 1) We can see that when the price hit the 0.22 zone, it started to decline and range inside a triangle pattern. This pattern has never been broken on either side, so we can say the price has been in equilibrium for a long time now. Recently, the price bounced off the lower band of the triangle, creating an opportunity for us.   Possible confirmations would be a breakout of the downward trendline as shown in the chart above, followed by strong volume and a successful re-test.  2) TARGETS: The nearest one would be 0.16, which would act as a supply zone. After that, the wave is complete. We should wait to see how price reacts to the zone to confirm if the bulls will still be in control to drive the price even higher or if the steam is over and most likely will enter a ranging phase. This idea is to spot for the long term. This asset is still in balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a triangle pattern playing out right now. I hope you find it useful and are able to take advantage of this idea. Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar
3
RTED Investing / PEPEUSDT potential push to 0.000011PEPEUSDT recently experienced a false breakout below the support level. Looking at previous price action, a similar pattern emerged where the price moved sideways before eventually breaking through, forming a candle with a long wick that indicated a rejection at that level. After this period of consolidation, the market surged. We're currently seeing a comparable setup: a candle with a long wick that briefly dipped below the support level but quickly recovered. Switching to the monthly timeframe, it's clear that the price swept liquidity below the May low. Given this analysis, it's expected that the price will consolidate for a while before gradually moving upward. The target is the resistance zone around 0.00001100.
Long
by RTED_Investing
The last bullish chance of BTC in short term !BINANCE:BTCUSDT the BTC is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) Note: we should wait for the breaking of the triangle and than make a move! ✨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
GOLD → Pullback from 2477. What's next? News ahead... FX:XAUUSD strengthens to an interim high and hits strong resistance at 2477.5. Gold is not ready to break the boundary yet and is forming a pullback ahead of the news - PPI to be released at 12:30 GMT. Fundamentally, traders are still watching the situation in the Middle East as there are rumors of different nature every day. If the conflict escalates, it will only increase the interest in the metal. Also, traders are waiting for PPI (one of the key inflation reports) as well as CPI (to be published on Wednesday) to determine if the US Federal Reserve is preparing a significant interest rate hike after the weak employment report. Technically, 2477 and 2458 are worth watching. If price starts to return to resistance and consolidate near the level, then a breakout is worth waiting for. But a break of support at 2458 will send the price down to the zone of interest before a possible rise. Resistance levels: 2477, 2483 Support levels: 2458, 2450, 2439 Key focus on news and market fundamentals that could set a medium-term tone for the dollar and gold. But, technically gold is strongly bullish... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
TSLA on life support or what Its been a while since I've posted an idea and i can't ignore this set up on $TSLA. Looks like a bearish pattern but at an interesting level, Jan price after earnings under 208, will the bulls buy it?? where is Cathie ?? she doesnt want to buy more shares ? will you buy tsla rn or want a cheaper price ?. long story short TSLA is back on bearish territory under 210 and the bulls fought and wouldn't let it sell off under 195 today.. will they do the same tomorrow or will they buy it at 192-190 ??. Honestly whats going on with TSLA? Musk ?. bs stories everyday to make it jump look I know we have to trade the charts but they tell a story, and their story (TSLA) is not clear right now so it will be very interesting to see if the bulls can test 208 this week or will the bears make new lows around 185. Comments your thoughts below and good luck this week
NASDAQ:TSLA
by Mensky_Jwett
MarketBreakdown | GBPUSD, USDJPY, NZDCAD, SILVER Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 GBPUSD broke and closed above a resistance line of a bullish flag pattern on a daily. Because the pair is trading in a long-term bullish trend, such a violation is a strong bullish signal and a clear sign of strength of the buyers. I think that the pair will continue growing. 2️⃣ #USDJPY weekly time frame 🇺🇸🇯🇵 The market is very close to a recently broken major rising trend line that turned into a resistance after a breakout. I suggest looking for a pullback trade from that because a bearish reaction will most likely follow after its test. 3️⃣ #NZDCAD daily time frame 🇳🇿🇨🇦 The price formed an ascending triangle pattern on a daily. We see a breakout attempt of its neckline at the moment. A daily candle close above the underlined blue area will be a strong bullish confirmation. A bullish continuation will be expected then. 4️⃣ Silver #XAGUSD daily time frame 🪙 Looks like Silver has completed a correctional movement and returns to a global bullish trend. A recent breakout of a key daily horizontal resistance confirms a local dominance of the buyers. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
Could Gold Skyrocket to a New Record? Gold traders are banking on Middle Eastern tensions to escalate, pushing prices near the previous high of $2,487 and forming an ascending triangle pattern. Ideally, prices would consolidate or dip slightly, solidifying the pattern and increasing the chances of a successful breakout. 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
THINKMARKETS:XAUUSD
by ThinkMarkets
NZDCAD → Consolidation prepares the market for a trend change ↑FX:NZDCAD is breaking the current bearish trend and forming a bullish off-trend pattern. Focusing on the 0.82863 "trigger" resistance, bulls are targeting it to break this area... Accumulation is forming in relation to the mentioned zone, if the structure will remain, and buyers will continue active attacks towards the "trigger", then in the long term we can look for an entry point for a breakdown. The market is still restrained by MA-200 & MA-50, but the 200-day line is undergoing a third retest, which generally increases the chances of price consolidation above the key SMA. Globally we have a neutral trend, locally the market sentiment is starting to turn bullish. The structure will be broken if the price consolidates below 0.82239. Resistance levels: 0.82863, MA-200 Support levels: 0.82239, MA-50 Fundamentally, the situation in New Zealand is calming down and the market is starting to recover losses. Emphasis on the ascending triangle on H4, it is possible to build short-term and medium-term prospects in relation to this figure Rate, share your opinion and questions, let's discuss what's going on with ★ NZDCAD ;) Regards R. Linda!
Long
by RLinda
5
Update Nikkei 225: Still short but changed upper trendlineThis is an update from my previous idea. There are a couple of concepts in Technical analysis that I want to share, but let's look at what's changed and what's not changed: Not Changed: 1. Still a short call. 2. The short position (SL and TP) What's changed: 1. Changed upper trendline from horizontal to slightly upward slanting. 2. Changed end point of wave 5 (could be changed again) There is one concept that I want to gel together between traditional TA and EW. Here goes: 1. In traditional TA, if we assume that we have an ascending triangle, the strength of a breakout (upwards) weakens as price nears the apex of the triangle. In fact, a breakdown becomes more likely and will be fiercer if the ascending triangle fails. 2. In EW, as we have seen here, if this is an ending diagonal, the next move will be a sharp down move. The above 2 points, if we merge them together, became a failed ascending triangle and confirmed an "ending diagonal". Given that both results in sharp decline, we have a convergence of idea for the next move: a sharp downwards move in price.
OANDA:JP225USDShort
by yuchaosng
1
GOLD - Price can correct to support level and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price reached $2430 level, which coincided with resistance line and then made downward impulse. Price broke $2380 level and fell to support line, but soon came back, breaking support level again and continuing to grow. In a short time price rose to resistance line, breaking $2430 level, after which Gold broke resistance line too. Then price entered to triangle, where it fell to support line of this pattern, breaking two levels with support line. After this, Gold bounced up, breaking $2430 and $2380 levels and now it trades near resistance line of triangle. Possible, price can make correction to support level and then bounce up to $2475 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
Honestly, I don't feel like explaining, the chart says it all !!BINANCE:BTCUSDT BTC 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 ) . The break out needed for increasing further has not happened but it should happen pretty soon. ✨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
5
GOLD → The bulls kept the market from falling. Emphasis on 2431FX:XAUUSD is working out the range support and realizing the potential of the pattern "symmetrical triangle" in a bullish direction. On H1-H4 the market is in a sideways range, locally we are dealing with a bullish trend. There is no news today. Technically, a bullish market is developing. Global trend is upward, local trend is neutral with bullish prerequisites. The price is squeezed between the resistance at 2431, which is the key resistance. A breakdown and consolidation above this zone will open a huge potential for the market. On H1, consolidation is forming above the support at 2418, a retest and liquidity capture is possible before further growth, as the bullish potential (locally) is not exhausted yet and the upward movement can be continued, but after a small correction. The market is perfectly working the lower boundary of the range 2369 and now considers the upper boundary 2477 as a potential.... Resistance Levels: 2431 Support levels: 2418, 2407, 2402 Emphasis on these levels. Most likely MM may test the support before the subsequent rise. But the primary retest of 2431 may give a small correction before the breakout and impulse to the mentioned targets. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
SOLANA → Correction to the liquidity zone before the rally ↑BINANCE:SOLUSDT enjoys high interest from both a fundamental and technical perspective. Bulls overcome key resistance, but the coin follows bitcoin and there are nuances.... Solana's growth is likely to continue because it is well positioned to capture the next wave of cryptocurrency adoption. Likewise, the coin is also strengthening as the third major crypto asset after Bitcoin and Ethereum. Investors evaluate such positive factors as: high activity amid the BTC correction, more meme coins (weird, but okay), growth in overall capitalization and DEX volumes on the network, and low commissions. This whole conglomerate suggests that Solana could be the next crypto-ETF to launch. Technically, we should pay attention to the nuance between Mt.Gox and BTC, accordingly, the market may slip to support until the situation stabilizes before further growth, which can be influenced by ETH-ETF. Resistance levels: 162.45 Support levels: 140.0 133.8, 122.3 The market may let the correction continue due to Mt.Gox, which activated BTC transfers after a test transaction today. And since SOL actively follows BTC, the moves could be correlated. The bullish trend will continue after the situation stabilizes. Rate, share your opinion and questions, let's discuss what's going on with SOL ;) Regards R. Linda!
Long
by RLinda
10
Venky's still have downside?I am looking it at the Monthly level - you can see the price inside the Big Triangle. Currently price is completing the second leg of the Triangle zig-zag. If my assumption is right, there is still room for 30-35% downside, until it hits the lower wall of the Triangle. Venky's being one of the largest company in India engaged in poultry, breeding and chicken meat processing. Good fit under the Consumption Theme. Every-one is waiting for consumption revival. If we go by the narrative and taking the assumption of market's sector rotations. I am see the convergence at the bottom wall of the triangle. I am waiting for the price to hit that wall. What are your thoughts? will it go down from current level? or Sustain here?
BSE:VENKEYSShort
by shivalingesh