Ready for shot
💚💚HONDAPOWER💚💚
The stock HONDAPOWER has formed a symmetrical triangle pattern following a significant upward move. This consolidation pattern typically indicates a potential continuation of the previous trend. Given the current formation, there are strong chances that the stock may experience another upward move upon breaking out of the triangle.
Triangle
AudUsd trading idea (1:3 R:R) so finally we have a breakout on audusd from daily trinagle pattern as well as the consolidation from 1h we have marked
after the impulsive upside we have bullish fvg, it will be our entry point and sl will be as shown in chart below the pattern range
so
buy = 0.66913 , tr 0.67720 , sl 0.66652
this setup looks strong as the price has made a nice consolidation before breakout and also the pattern is on higher time frame of 1day and it has formed for almost many days it has good probability
CIBR - Multi year cup and handle plus triangle break outIf Bullish - support your local WEF ;-)
Cyber security - companies have to spend money on this
WEF claims we will have cyber attacks in future big risk - hedge their view!
Cup and handle pattern where a triangle is the handle is very strong pattern
Ease into this trade make 10% on the triangle and let it run
Buy on any pull backs to the triangle if you are bullish
Stop just under the recent low in the triangle
PG potential Buy setupReasons for bullish bias:
- Ascending triangle breakout on weekly
- Bounce from strong support that was previous long-time weekly resistance
- Positive Earnings
- Buy Stop order at HH breakout for further confirmation
- DOW theory Alignment
Here are the recommended trading levels:
Entry Level(Buy Stop): 162.19
Stop Loss Level: 152.98
Take Profit Level 1: 171.4
Take Profit Level 2: Open
The last bullish chance of TONCOIN in short-term !!Hi.
KUCOIN: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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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
RHB probably long term ranging (triangle). 3/July/24RHBBank Probably in long term ranging (big triangle). Make Sure we don't want to buy at near ATH ( 6.00 +/-) while having thought that it's 1 of the highest dividend paid stock in Malaysia (7% +/- per annum). As we might lost >30% in stock price while having only 7% gain in dividends? But at RM3.98 +/- probably a good bargain price?!
NetflixPrice has formed similar ascending triangle. 660 - 664 is acting as near by support.
Buy above 676 with the stop loss of 672 for the targets 680, 684, 688 and 692.
Sell below 668 with the stop loss of 672 for the targets 664, 660, 656 and 652.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
SUNFLAG TRIANGLE BREAKOUT
After consolidating for nearly a year, Sunflag has recently broken out of a triangle pattern with an average-sized candle. A strong weekly close would be a positive signal to consider entering the trade, with a recommended stop loss set between 10-12% below the entry point.
7762 - 6 months SYMMETRICAL TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
XRP → Rally to 0.730 ↑ The fundamental denouement is comingBINANCE:XRPUSDT is approaching a possible decoupling, both technically and fundamentally. Positive signs of life could lead to a rally, first stop could be around 0.73.
On W1, the coin is trying to live, but there is a huge fundamental reason that keeps the price from going beyond resistance and flat: The SEC v. Ripple litigation.
The Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority.
Ripple's CEO believes that the final verdict could come at the end of the summer. Everyone is counting on a positive outcome for XRP:
The court found that Ripple violated federal securities laws by making institutional sales of XRP, but dismissed other charges brought by the SEC.
Ripple Labs opposed the SEC's proposal to fine the company nearly $2 billion.
Ripple Labs said the court should impose a civil penalty of no more than $10 million
Technically:
Price continues to test the wedge resistance with the aim of breaking it, volatility decreases and consolidation continues. Below 0.4637 buyers are not letting the price in yet, which may lead to another retest of the resistance, which will only increase the chances of a breakout.
Price consolidation above 0.4962 will be the root cause of market character change and possible rally to 0.6265 - 0.73.
Support levels: 0.4637
Resistance levels: 0.4962, 0.5720
I expect that the buyers will still be able to break through the resistance of the bearish figure in the near future and ride the rally to the mentioned targets.
Regards R. Linda!
EURO - Price can exit from triangle and reach resistance levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price declined from resistance area, after which it made upward impulse to $1.0895 points.
Price broke $1.0790 level and started to trades in flat, where it some time traded until it reached top part.
After this, Euro made downward impulse, thereby exiting from flat, but then price at once entered to triangle pattern.
In triangle pattern, price broke $1.0790 level and fell to support level, which coincided with support area.
Euro some time traded near this level and recently it reached resistance line of triangle, where continues to trades near now.
In my mind, Euro can decline to support level and then bounce up to $1.0790 level, exiting from triangle.
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ADAUSDT → Change of character, are the bulls coming back? ↑ 0.77BINANCE:ADAUSDT forms a change of market character, and also breaks the resistance of the wedge. Regarding the reversal zone on W1 a false breakout is formed. The coin may move into the realization phase.
The token is lagging behind the overall capitalization and market movement, still in the consolidation phase, the boundaries of which are 0.2392 (0.4) - 0.777. In the distribution phase, ADA has chances to recover. At the moment we should consider trading inside the range and after confirmation of the formation of an intermediate bottom above 0.4 (consolidation above this zone) the market will define a new range for itself. 0.4 - 0.77. The potential in this case will be the corridor with the width of 93%.
Technically, if the bulls hold the price above 0.4, it will be a good signal for the price distribution to 0.52, further to 0.678.
Support levels: 3775, 0.400
Resistance levels: 0.42, 0.522
The bearish wedge is a strong technical pattern, capable of turning the market, but in order to start the realization, the bulls need to take the defense above the key zone, in our case it is 0.400.
With Respect R. Linda!
ETHEREUM → Long-squeeze before the rally? To the MOON, to $4800?BINANCE:ETHUSDT continues the phase of correction, the character of which is consolidation. The goal is to gather potential before possible growth on the trend. The target is 4000-4800
The main focus is on ETH-ETF, which, according to rumors, may be allowed to trade on July 2-4. This will be another positive signal for the cryptocurrency community, as this fact may expand the underlying demand for cryptocurrencies and attract additional capital.
Fundamentally, ETH is seeing an increase in the number of active wallets, traders are actively buying call options with strike 4000 and expiration in September, Ethereum Foundation is not selling ETH now as it usually did close to market tops, which together gives positive signs.
The asset price is in a downward correction at the moment. The essence of this movement is the asset's consolidation before further strengthening.
Resistance levels: descending wedge line, 3678, 0.5 fibo
Support levels: 3200, trend line, 0.79 fibo
Technically, liquidation of buyers in the liquidity area formed behind the trend support is possible, long-squeeze may lead to a rally.
Regards R. Linda!
NetflixNearby support is 660 and resistance is 680. Price can move within this range till it gains strength.
Also the price is forming rounding bottom or triangle and trying to move up.
Buy above 674 with the stop loss of 669 for the targets 679, 684 and 689.
Sell below 658 with the stop loss of 663 for the targets 653, 649 and 642.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
UNFI → Resistance Retest. Ready for a breakthroughBINANCE:UNFIUSDT is showing positive dynamics amid the red cryptocurrency market. The coin is approaching strong resistance and we have the potential to catch a breakout with subsequent growth.
On the weekly timeframe, the coin is still in consolidation (range 16.0 - 2.5). But, against the background of the general neutral trend we have a downward resistance, which is once again being retested. A pre-breakout consolidation is formed against the wedge resistance, due to which an attempt to break the line and further strengthening can be formed. An initial test of resistance may lead to a small bounce, but a quick retest will increase the chances of a breakout.
Support levels: 3.281
Resistance levels: 5.716
I expect the formation of a local consolidation with a gradual push to the resistance of the wedge and further breakout.
Regards R. Linda!
TON/USDT LONG SCALP SETUP!!Hey everyone!
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TON/USDT looks good here. Forming a symmetrical triangle-like structure here and trying to break out from it. After a successful breakout expecting a 15-20% from here. You can long now or wait for a confirmed breakout.
Entry:- At CMP and add more up to $7.62
Targets:- $7.98/$8.35/$8.68/$9.10
SL:- $7.44
Lev:- 5x-10x
What are your thoughts on SNX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!