Get started

Triangle

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!
Long
by RLinda
57
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. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
14
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!
Long
by RLinda
8
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!
Long
by RLinda
25
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.
NASDAQ:NFLX
by vanathi
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!
ULong
by RLinda
13
TON/USDT LONG SCALP SETUP!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! 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!
Long
by CoreCrypto1
Triangle pattern on CANTABILCANTABIL formed a triangle pattern on weekly chart. Price broke out of its long term resistance today with high volume. Multiple support and resistance were tested prior to breakout. Also note the consolidation just before breakout on daily. That would act as a good support if price retraces. Also that would be a tipping point where the setup could become invalid. Considering you have the stop loss just below that low, you can target the width of the triangle. This is a high risk trade but offers good reward if it goes your way. Entry can be had just above todays high that would give a risk reward ratio of 1:3. Hope you like this idea. If so, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
NSE:CANTABILLong
by digijagan
1
BITCOIN (BTCUSD): Bullish Reversal Confirmed?!Despite BITCOIN being in a short-term bearish trend, there are some positive signs to consider. The pair has broken through a resistance line on a falling expanding wedge pattern on a 4-hour chart and closed above it. Additionally, the price has formed an ascending triangle formation and broken its neckline. These are two important bullish confirmations, suggesting that the market may continue to rise. The targets to watch for are 64,283 and 66,077.
COINBASE:BTCUSDLong
by linofx1
4