Super bullish setupRounding bottom with more than 2 years base. Also a descending triangle. First target 20. Then will see. SL triggers only if a weekly candles breaks down and closes under the 15.5 support level.
Triangle
DAX 2024/07/22- Another Triangle on DAX
- Triangular corrections are expected to end sharply, both due to the long duration of the correction and the compression of the price as time passes. The usually occur in the 4th wave and in the B wave. One of my favorite structures to trade!
xauusd → the next move!hello guys.
as I published before:
the triangle broke and its target touched!
as you can see, there are two ascending channels there, and it seems you want to touch the next top line around $2480!
let's see what will happen!
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Solana Technical Analysis: Will SOL hit new highs?In the past week, BYBIT:SOLUSDT has demonstrated impressive performance, yielding returns of 16.2%. This performance stands out even among the top market-cap giants. The market sentiment towards Solana and its associated tokens, including SOL-based meme coins, remains highly bullish. This bullish sentiment has propelled the prices of key Solana ecosystem coins like Jupiter, Radium, and Ponke.
On the technical front, SOL has been forming a large symmetrical triangle on the daily timeframe. Within this pattern, a double bottom formation has emerged, signaling a bullish breakout. As expected, SOL experienced a substantial rally, climbing from $135 to $185. After retesting $172, SOL is now challenging the $185 level once again. The next significant target is $200, with potential to revisit this year's all-time high of $210.
Further analysis reveals that the daily MACD (levels 12, 26) is turning bullish, currently valued at 8.50. The RSI stands at 65.71, indicating there is still room for upward movement. Additionally, Solana has respected the 200 EMA, providing further hope for continued bullish momentum. These major indicators suggest a continued bullish momentum, reinforcing the potential for further gains in the near term.
Opportunity to Buy TON in the Next One to Two WeeksCurrently, TON is showing a triangle breakdown. The support level around $6.25could hold it well, but there is a possibility that the price dip further, potentially reaching the $5.75 area. This could present a good buying opportunity at lower prices. It’s important to monitor the situation closely once the price approaches this level to make an informed decision.
Things you might like:
- Trend Key Points Indicator have been used to draw important key levels and key points.
- Abnormal Pin Bar indicator
- You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.
NZDUSD Short - MomentumIf impulse breaks a trend, increase in momentum, smaller retracement more likely than the further.
I Cannot Short This !!! situation+next targets.TRX 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 ) .
broke out the Triangle on 1D timeframe.
Up we go📈
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The last bullish chance of Bitcoin in mid-term !!BITSTAMP:BTCUSD
The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOGE is at a crucial decision point!
Dogecoin is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 0.13 will again give new negative signals to the currency, while a break of the opposite side of the formation will be a strong positive signal. The currency is testing resistance at points 0.13. This could give a negative reaction, but an upward breakthrough of points 0.13 means a positive signal.
Are you bullish or bearish right now ?
Will Rio Tinto breakout?Bullish triangle pattern forming and possible breakout to come.
Not much volume though although good performance in the past few months.
The last bullish chance of TONCOIN in short-term !!OKX:TONUSDT
TON 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.
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✅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!!
Bonk could go bonkers.Bonk/usd appears to have formed an ascending triangle which is a bullish continuation pattern. Bucking the bearish trend that has recently plagued the crypto market, bonk can ascend to new all time highs after consolidation.
ETHUSDT: Descending Triangle Signals Potential Bullish BreakoutAs the crypto market buzzes with anticipation, Ethereum (ETH) finds itself at a critical juncture. Currently trading at $3,468, ETH is poised on the edge of a significant technical formation that could dictate its short-term future. Let's dive into the charts and unravel the story they're telling us.
The Hourly Dance: Descending Triangle in Focus
Over the past 48 hours, ETHUSDT has been painting a compelling picture on the hourly chart. A descending triangle has formed, with the upper boundary at $3,480 and the lower support hovering around $3,373. This pattern, often seen as a bullish formation, has traders on the edge of their seats.
The descending triangle is like a coiled spring, with price action compressing between these two levels. Each touch of the resistance and support adds tension, potentially leading to a powerful breakout.
Technical Indicators: The Plot Thickens
Let's add some color to our analysis with a few key technical indicators:
Moving Averages: The 50-hour and 200-hour moving averages are converging, suggesting a potential golden cross on the horizon. This bullish signal could provide additional fuel for an upward move.
Relative Strength Index (RSI): Currently, the RSI is floating in neutral territory, neither overbought nor oversold. This gives ETH room to move in either direction without immediate resistance from this indicator.
The Bigger Picture: Daily Chart Bullish Target
Zooming out to the daily chart, the outlook becomes even more exciting. A successful breakout from this descending triangle could set the stage for a significant rally. The long-term price target? A mouth-watering 10% upside from current levels.
Imagine the possibilities if ETH breaks above $3,480 with conviction. We could be looking at prices north of $3,800 in the coming weeks!
Market Sentiment: Regulatory Winds of Change
It's not just the charts that are stirring up excitement. Recent regulatory updates have been sending ripples through the crypto space. While the specifics remain hazy, there's a growing sense that clearer regulations could pave the way for increased institutional adoption of Ethereum.
This backdrop of potential regulatory clarity adds an extra layer of intrigue to our technical setup. Could positive news be the catalyst that sends ETH soaring through resistance?
Trading the Triangle: Entry Points and Risk Management
For those looking to ride this potential bullish wave, here are some key levels to watch:
Breakout Entry: A decisive move above $3,480 could signal the start of a strong uptrend. Consider setting alerts at this level.
Support Entry: For the more risk-tolerant, entries near the $3,373 support could offer an attractive risk-reward ratio.
Moving Average Crossover: Keep an eye on the 50-hour and 200-hour moving averages. A bullish crossover could provide additional confirmation of upward momentum.
Remember, always use proper risk management. Consider setting stop losses below the $3,373 support to protect your capital.
#Ethereum #ETH #CryptoMarket #TechnicalAnalysis #DescendingTriangle #ETHUSDT #BullishFormation #GoldenCross #RSI #MovingAverages #CryptoTrading #BlockchainTechnology #CryptoRegulation #InstitutionalAdoption #BullishTarget #RiskManagement #CryptoNews #MarketSentiment #TradingStrategy #CryptoPriceTarget
Symmetrical triangle pattern breakoutGood volume buildup in daily and weekly time frame.
Symmetrical triangle pattern breakout with good volume.
Highest volume build up in weekly time frame since its IPO.
GBPNZD: Bullish Trend Continuation 🇬🇧🇳🇿
GBPNZD leaves clear bullish clues after quite an extended
correctional movement within a symmetrical triangle formation.
A breakout of its resistance line indicates a highly probable bullish
trend continuation.
The price may reach 2.152 level soon
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GOLD → Consolidation before rising to 2500...FX:XAUUSD after breaking through trend resistance is forming a consolidation, just like the dollar. Sellers start selling on indicators and MM may set a trap before further growth.
Technically and fundamentally gold has a favorable environment. The price is in the buying zone and in the ATH zone. There is a lot of support (obstacles) from below, and there is emptiness from above and nothing prevents to go up. There is consolidation on H1 and all technical conditions are favorable for the continuation of growth.
BUT!
There is an interesting pattern forming on H1-M30, which can give a small correction as a trap for sellers before further growth. Now a lot of selling is forming on indicators (overbought, rsi, macd and so on), accordingly, MM may show a reversal.
The whole emphasis is on 2461, If the price fixes below, the gold may be driven to the liquidity zone: 2450, 2440, 2430 before further growth.
Resistance levels: 2475, 2484
Support levels: 2461, 2450
If the price consolidates below 2461, a retest of the support is possible before further growth. If a rebound is formed, consolidation above 2467-2475, we should wait for a retest of resistance with a breakout attempt.
Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;)
Regards R. Linda!
Bullish on SMCI - Symmetrical Triangle FormationSMCI looks has clearly formed a symmetrical triangle. I expect a triangle breakout at earnings or possible before earnings if really good news is expected. Because this is a symmetrical triangle, you have to play the direction of the breakout. Have a tight stop loss at 800 and prepare for take off to retest $1220 💰. If this breaks out bullish, this will be a 45%+ move 🚀. On a side note, I'm expecting a stock split announcement and a killer earnings to catapult this thing. Hold on 💺
SWING IDEA - HBL POWER SYSTEMSHBL Power Systems , a leading battery and power systems manufacturer, is exhibiting technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Break of Symmetrical Triangle Pattern : The price has broken out of a symmetrical triangle pattern, indicating a potential bullish trend continuation.
Bullish Engulfing Candle on Weekly Timeframe : The recent formation of a bullish engulfing candle on the weekly chart suggests strong buying pressure and the potential for further upward movement.
Closed Above 560 Resistance : The stock has closed above the 560 level, which was a crucial resistance zone, indicating strong bullish momentum.
Higher Highs : The stock is consistently making higher highs, reinforcing the strength of the upward trend.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 655 // 755
Stoploss - weekly close below 495
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TSLA Weekly: Bullish BreakoutTesla's weekly chart showcases a bullish breakout from a symmetrical triangle pattern. The RSI on the same timeframe remains supportive, adding weight to the potential for price increases. This is a promising technical setup, but a major event looms – earnings on Tuesday after the market closes. The post-earnings price action will be crucial in determining Tesla's next move. Stay tuned!
BJCORP. Classic stock after 1998 crisis 18/July/24Berjaya Corporation. A Conglomerate in Malaysia where many investors have xx experience .. after 1998 Asia Fianacial crisis. But with coming "new"....
MASTERING SYMMETRICAL TRIANGLES: A GUIDE FOR TRADERS👀See the first 3 items on the chart👆
🔰Other details:
⭐D:
⭐E:
⭐F:
⭐G:
🔰Additional Considerations for Triangles:
⭐H: Number of Points: To construct a triangle, we need at least two HIGHS and two LOWS. Occasionally, triangles are formed using six points instead of the usual four.
⭐I: Validity Criterion: The BREAKOUT point (exit point) of a triangle should not be too close to the intersection of its upper and lower sides; otherwise, the triangle loses its validity.
