USDMXN at triangle resistance Intraday Update: The USDMXN is at triangle resistance intraday. A break of the 18.60 level may expose a move back to the 18.77 level.
Triangle
Last chance for Bitcoin! Up or Down?bitcoin is still playing this triangle, for about 5 months now, if it is broken down the first TP is at 60k, and a probable retest of the support at 52k, but if we go up, and the triangle will be broken up, my first TP it will be at 85k, with a possible increase up to 100k (total production cost) in your opinion is it going up or down?
Wipro swing tradeWipro daily time frame chart it may come to 370 to 380
Disclamer: I am not a sebi Registered, this is not a buy or sell recomendation
Gold possible forming a "fake" triangle. 17/June/24XAUUSD might building a base in a running flat pattern before a drop toward 2238 +/-.
NOT ▵ → Is a rally possible now? Why is 0.020 so important?BINANCE:NOTUSDT breaks the resistance of the descending wedge (bullish set-up) and forms consolidation inside the range 0.0169 - 0.0199. A retest of support or the previously broken pattern boundary before rising is possible.
NOT under dump, after a strong rally, has eliminated some traders and may strengthen at the moment after the bulls hold the defense above key support and liquidity zones. The coin is in a consolidation stage after exiting the descending range. The market's transition to the stage of active strengthening and growth may be a breakout and consolidation of the price above 0.0188 - 0.0199. The potential of the coin both technically and fundamentally is quite tempting, but everything depends on the bulls.
Resistance levels: 0.0188, 0.0199, 0.023
Support levels: 0.0169, 0.0153
Since the price is inside the range, for an active price action the price must overcome one of the boundaries, the most likely scenario is a retest of the support (false breakdown) before further growth.
Regards R. Linda!
Gold can exit from triangle and then drop lower support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a not long time ago declined a little lower than the buyer zone, but soon turned around and made a strong impulse up, breaking the 2325 support level. Later price reached a resistance level, which coincided with the seller zone and broke it too, after which made little correction and then continued to grow to the resistance line. When the price reached the resistance line, it turned around and in a short time declined to the support level, breaking the 2385 level one more time. Next, the price some time traded near the support level and later broke the resistance line, after which rose to the resistance level and at once made a downward impulse, lower than the 2325 level, breaking it. Also, Gold started to trades inside the triangle, where it bounced from the support line and quickly reached the support level, broke it, and reached the resistance line of the triangle. To this day, the price continues to trades near the resistance line, so, that's why I think that Gold can exit from the triangle pattern and then make drop lower support level, breaking it. For this case, I set my TP at 2290 points. Please share this idea with your friends and click Boost 🚀
Cardano WXY In Primary 2Cardano (ADA) is currently in a WXY (double zig-zag) in primary 2 which looks to take the price down to dangerous lows. The WXY is comprised of a zig-zag, expanded flat, and a zig-zag. The 1.618 extension of W gives us a price target of 0.02036 while the trend-based fibonnaci extension of AB in Y gives us price targets of 61.8 at 0.68USD 100.00 at 0.33USD, and 123.6 at 0.11USD.
GOLD - Price can bounce down to $2305 support line of triangleHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to flat, where it first reached $2360 level, after which declined to $2315 level.
Then price bounced from this level and made upward impulse higher than $2360, breaking it and exiting from flat.
Price entered to triangle, where it at once bounced from resistance line to support line, breaking $2360 and $2315 levels.
After this, Gold in a short time rose to $2315 level, broke it, but soon fell back to support line of triangle.
Next, price bounced from this line, broke $2315 level again, and now trades near resistance line.
In my mind, Gold can make small movement up, and then bounce down to $2305, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GMEEGMEE has been on this small wild ride especially after the cyber attack on the polygon network. GMEE moved on nicely from that and bounced back. Including 5 phases on their website. Also including the Telegrams, and community they got. Currently awaiting phase 5, last phase just incorporated NFT stake for GMEE. GMEE staking is also available. GMEE cooking in the weekly triangle, not enough information on the RSI. Did spot an order block on the daily. Not rushing anything, just waiting for it to dip back down. Our area of interest is .01652
Thoughts?
#BTC: ARE YOU READY FOR THIS?Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
BTC is currently forming an ascending triangle pattern on the daily timeframe. The price is testing the lower trendline, which is a key support level.
Here's what we're watching:
Potential breakout: A clean break and close above the upper trendline of the triangle would be a bullish signal, potentially leading to higher prices.
Target: If the breakout is confirmed, some analysts are targeting $100k. However, it's important to remember that price targets are not guarantees.
Breakdown scenario: If the price breaks down and closes below the lower trendline with significant volume, it could indicate a bearish reversal. Potential support levels could be around GETTEX:52K -$60k.
Let me know your thoughts in the comments below!
Wedges and Triangles for AMCLooks like a wedge or triangle is forming in AMC. My entry was pretty bad this morning, so I wanted to pass along what I learned today. Looks like AMC has another few weeks of relatively sideways movement before another significant leg up or down.
Measurable Data Token (MDT)On the above 2-day chart price action has corrected 50% since the month of March. A few reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance. See weekly chart below.
3) Ascending Symmetrical triangle breakout. A near 200% move is forecast.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: this week
Return: 1-2x
Weekly chart
GOLD - last crash, then a new all time high! (buy here)GOLD is probably preparing for a last small crash to the main support of the expanding triangle in the major timeframe. This is a great opportunity to buy GOLD at the bottom of an expanding triangle because it is also in confluence with the 0.382 Fibonacci retracement. This Fibonacci level is very strong together with 0.618 because 0.618 + 0.382 = 1. You can buy gold here, or enter a long position on futures with leverage to increase your potential profit.
You probably know that I am very bullish on GOLD for the next few years and expect at least a double in price. After many years of sideways price action, GOLD finally broke out and made a significant new all time high. GOLD seems undervalued and should go higher.
It's always important to look at the Elliott Wave analysis, as it gives us a better understanding of the whole market structure. Where on the map are we currently? On the chart, you can see an impulse wave (12345) and after such move we can expect a corrective structure, such as ABC or WXY. Usually, you want to take a Fibonacci retracement of the previous impulse wave and look for 0.382 FIB or 0.618 FIB. I don't think GOLD will go all the way down to 2155, that would be pretty bearish after the previous breakout to a new all time high.
Buying gold at current levels is definitely a good idea, but if you want better price and timing, I would take the 0.382 FIB. This will also increase your risk-to-reward ratio.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally.
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Keep your long term vision,
Philip (BasicTrading)
RNDR-ing Profits - A Technical Analysis on RNDR (Render Token)Render Token ( BINANCE:RNDRUSDT ) is the native cryptocurrency of the Render Network, a decentralized platform offering distributed graphics processing and rendering services. It allows artists and content creators to exchange GPU compute power with node operators, facilitating the creation of high-definition graphics and visual effects. With a circulating supply of 388,646,672 and an all-time high (ATH) of $13.60, RNDR has positioned itself as a prominent AI crypto asset with strong potential for future gains.
Technically speaking, CRYPTOCAP:RNDR is currently forming a large symmetrical triangle on the daily chart. The token experienced a significant correction from its ATH of $13.80 down to $6.24. Following this dip, RNDR rallied to $11.65, then consolidated, forming the symmetrical triangle pattern. The $6-$8 price range is identified as a strong buying opportunity, with the next major resistance around the $10-$11 range. Breaking this resistance could lead to a rally up to $14, creating a new ATH.
Analyzing the indicators, daily oscillators remain neutral, while daily moving averages signal a strong sell. However, on the weekly timeframe, oscillators stay neutral, and moving averages show a buy signal. This mixed signal suggests a cautious yet opportunistic approach.
Overall, CRYPTOCAP:RNDR is a valuable addition to any portfolio. Given the favorable buying range, investors should consider accumulating RNDR. Monitoring the resistance levels and potential breakout points will be crucial for optimizing entry and exit strategies.
INJUSDT → Interested buyer. Ready to rise to 43.0?BINANCE:INJUSDT looks stronger than bitcoin and the crypto market. Against the background of the general decline, the coin is growing and this is a rather strong premise.
The price may return to the range of 29.0 - 43.0.
On D1, a pre-breakout setup is forming regarding the 29.2-29.45 area. If the price can consolidate above this area, then further traders will open bullish potential, the target of which could be a rise towards resistance (intra-range movement). The coin looks green in the red market and it means that someone is interested in it (big player). On the overall negative fundamental background there is a risk that the coin will go down, but for now I am looking out for further upside.
*The long scenario will be broken if the price closes below yesterday's opening.
Resistance levels: 33.62, 43.4
Support levels: 29.21, 29.85
The potential is there. It can be realized if the bulls hold the defense above the key support area.
Regards R. Linda!
Bullish Ascending TriangleSustained trend strength since March with an ascending triangle consolidation.
Upcoming soonSuper Micro should follow Nvidia. Price is bouncing off the uptrend line support. I think is going to start to consolidate within the triangle to finally break up. I just bought some, I'll keep adding at every pull back. It might take a few more weeks. SL triggers if a weekly candle breaks down and closes below the lower vortex.
BTC.D
BTC.D is at 55.60% (Live),
Breakout Of Trendline Resistance (58%) Will Lead A More Crash In AltsCoin
FakeOut Will Be The Bullish Sentiment For Alts Market
Gold possible forming an expanding triangle. 12/June/24XAUUSD possible trending up for wave e ( Blue circled) on an expanding triangle in wave B (red).
EURCAD: One More Oversold Pair 🇪🇺🇨🇦
One more EURO pair that looks oversold to me is EURCAD.
The price formed a triangle pattern on an hourly time frame.
Its resistance was broken and an hourly candle close above that.
We may see a correctional movement now.
Goals: 1.4790 / 1.4803
❤️Please, support my work with like, thank you!❤️
Triangle pattern on MAXHEALTHMAXHEALTH formed a triangle pattern on daily chart. Price broke out of resistance today with strong bullishness. Also noted above average volume on breakout day. Stop loss can be had just below the breakout candle with target the width of triangle. Entry can be had just above today's high. This trade has higher risk reward so mindful on where you enter. However it offers 1:2 ratio.
Hope you like this idea, if so please boost this idea of leave a comment below on what you think. Otherwise, happy trading :-).
OM/USDT: Buy Stop at 0.9750 on Consolidation Breakout, 1:2 R/ROM/USDT is gearing up for a breakout from its current consolidation pattern. Placing a buy stop at 0.9750 to capitalize on the expected upward move following the breakout. Targeting a risk/reward ratio of 1:2, this setup is designed to exploit the momentum beyond the consolidation zone. As the price breaks and holds above 0.9750, we anticipate a swift move towards higher price levels. Ensure to monitor the trade closely for optimal performance and adjust stops and targets as the market evolves.
