Triangle
Crypto power move or drop? ETH's next big decisionEthereum prices have formed a descending triangle pattern and are currently overbought, similar to Bitcoin. At the same time, both could move higher in the long term—mainly if Trump follows through on his promises to make the US a crypto powerhouse—the short-term outlook for Ethereum is complex—critical level to watch: $3,100. If the price remains above this level, the price will move toward $3,442 and beyond. However, if Ethereum breaches $3,100 to the downside, it may activate the descending triangle pattern, possibly dropping by $327 to reach $2,780.
Will we break to the upside or downside? Share your thoughts in the comments.
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TON → One step away from a rally. Trying to change the trendBINANCE:TONUSDT is coming out of a prolonged consolidation, but only one action separates us from the distribution phase. The bitcoin rally is favorable for many altcoins....
In my opinion, TON is a rather undervalued project that has a fundamentally significant base (many altcoins cannot boast of this).
Technically, the consolidation lasted for almost 9 months and, consequently, this energy should be used somewhere. The exit of the price from the accumulation begins to show us in which direction the distribution is likely to go.
The focus is on 5.420 and 5.150. If the bulls hold their defenses above this zone, the coin could show a flight to the moon in the long run. But don't look at cryptocurrencies with rose-colored glasses, assess the situation relative to the risks!
Resistance levels: 5.420, 6.133
Support levels: 5.151, 4.51
The price is breaking the resistance of the bullish pattern (descending wedge or descending triangle), we have to wait for confirmation that the trend change will be true. The fight for 5.420 continues. Let's keep an eye on this zone ;)
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:TONUSDT ;)
Regards R. Linda!
Nasdaq 100 preps for next move after Trump winThe Nasdaq 100 has traded sideways this week, hovering around levels from last Friday. This is expected following Trump's victory, which saw the index generate a strong bullish surge of 5.84%. Traders now require consolidation or correction, which is precisely what we're observing. The default is for markets to pull back. Still, they can also move sideways, allowing indicators like the RSI to reach neutral levels and creating an environment where traders may feel ready to go long once the trend resumes upward.
Currently, we're watching this week's low at 5,965. If the index stays above this level, we could see a push toward Wednesday's high of 6,014, followed by a target of 16,664 based on the descending triangle pattern forming on the chart. However, if the index breaks below this week's low—a critical short-term level—the NASDAQ 100 could fall to 5,910. For now, though, this is not the primary scenario.
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.
GbpUsd near a very important pointAt the beginning of the month, GBP/USD made several unsuccessful attempts to reclaim the 1.30 level.
Following these attempts, the pair saw a strong decline and is now trading below 1.27.
However, GBP/USD is approaching a crucial point on the chart, and a potential reversal may be imminent.
As shown in the posted chart, this zone is shaped by three key factors: the ascending trendline from a previously broken triangle, a descending trendline indicating a retest, and two important horizontal support levels.
Additionally, with the DXY possibly nearing a correction , this could present buying opportunities in “cable.”
My target for a potential reversal is the 1.2850 area.
HAL Swing trading Setup - Descending TriangleChart Analysis:
1. Descending Triangle Pattern:
• The chart shows a descending triangle with lower highs (LHs) forming resistance and a horizontal support zone. This pattern typically indicates a bearish continuation, though an upside breakout can happen.
• The trendline resistance appears well-respected, with a downtrend line pushing prices lower.
2. Resistance Levels:
• There is a resistance zone marked above current price levels.
• Resistance 1 and the trendline serve as a major area where a potential pullback could be seen.
3. Support Levels:
• A clear horizontal support level is visible, which has been tested multiple times, increasing the significance of a potential breakdown.
4. RSI Indicator:
• The RSI shows a downward trend but does not appear to be in oversold territory yet. This implies room for further downward movement but also warrants watching for a potential reversal signal.
Swing Trade Setup:
1. Bearish Scenario (Preferred based on the chart):
• Entry: Consider entering a short position if the price closes below the marked support zone with strong volume.
• Stop Loss: Place a stop loss above the descending trendline resistance to mitigate risk in case of a reversal or fake breakdown.
• Target 1: Use the measured move from the widest part of the triangle to estimate the potential target level for the downside move, aiming for key support levels below (e.g., 3,200-3,000).
• Target 2: If momentum is strong, trailing stops can help capture more of the move downwards.
2.Bullish Reversal Scenario:
• Entry: If the price breaks above the descending trendline with strong volume and closes in the resistance zone, it may invalidate the bearish pattern, indicating potential bullish momentum.
• Stop Loss: Set a stop loss below the breakout candle’s low to avoid potential false breakouts.
• Target 1: Aim for key resistance levels above, including previous swing highs.
• Target 2: Monitor RSI and volume for signs of overbought conditions.
Risk Management:
• Position Sizing: Ensure your position size aligns with your risk tolerance, ideally risking no more than 1-2% of your account balance per trade.
• Monitoring Volume: Increased volume on breakdown or breakout moves strengthens conviction in the trade direction.
• Adapting to Market Conditions: Be prepared to switch to the bullish scenario if the market sentiment shifts unexpectedly.
Caution:
• False breakdowns are possible, especially if volume is low or market sentiment shifts rapidly.
• Keep an eye on broader market trends and sector performance for additional cues on stock direction.
Disclaimer : This analysis is for informational purposes only and does not constitute financial advice or an investment recommendation. Trading in financial markets involves substantial risk, and you should be aware of your risk tolerance and investment objectives. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author of this analysis is not responsible for any financial losses you may incur based on the information provided.
BTC triangle theory - the big pictureBitcoin seems to be regressing to the mean with the latest bull run. On a logarithmic view, a linear or even exponential upward trend can appear as a gradually flattening or asymptotic curve (the white line that bisects the highs and lows). This trend is identified by smoothing out the price history with a geometric "best fit" and with trend lines (in dark green) that can be drawn retrospectively extending from prior lows to subsequent highs. Extrapolating this pattern onto the recent BTCUSD chart, and with weekly closing prices as a guide, we see that bitcoin is now once again approaching (at around $90K USD) the mid-region of its potential for historic gains. The top half of these gains have been highlighted with a triangle, which in each cycle features a base along the smoothed mean. The final triangle, yet to be filled, is an extrapolation of the past pattern of cycles.
XRP/USDT: The Path to $5 is Set!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Technical Analysis:
XRP is displaying strong bullish momentum, breaking out of a symmetrical triangle pattern on the weekly timeframe. This technical formation, coupled with increasing trading volume, suggests a potential for significant price appreciation.
Potential Targets:
Target 1: $1
Target 2: $2.4
Target 3: $3.7
Target 4: $4.8
Entry Range: $0.6 - $0.7
Stop-Loss: $0.38
Fundamental Analysis:
XRP, the native cryptocurrency of the XRP Ledger, is designed to facilitate fast, efficient, and cost-effective cross-border payments. With its growing adoption by financial institutions and its potential to revolutionize the global payments industry, XRP holds strong long-term prospects.
What are your thoughts on XRP's future? Do you see the potential for a significant price surge? Share your analysis and predictions in the comments below! Let's discuss!
$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK.
Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week!
We are just getting started, though, and now you see how well my "High Five Setup" works!
Almost 10% on the day bang! If your in this name with me show some love in the comments!
The chart shows price targets in Green and the measured moves!
Not financial advice.
BONKUSDT Ready for Big PUMP!!!BINANCE:BONKUSDT has recently broken out and successfully retested a previous resistance level, showing signs of strength. Now, it’s attempting to break out of a triangle pattern, with the resistance line acting as a key barrier. If it manages to break through, a significant upward move could be on the horizon, fueled by the ongoing memecoin craze. However, caution is advised—consider using only a small portion of your capital to manage risk in this volatile environment.
BINANCE:1000BONKUSDT.P Currently trading at $0.000036
Buy level: Above $0.000033
Stop loss: Below $0.0000262
Max Leverage 3x
Always keep Stop loss
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Doge- Next target 0.5Dogecoin has held support perfectly at the former resistance levels from August and October 2021.
After a much-needed correction, it has started to consolidate, with the range narrowing into a symmetrical triangle.
The target for this pattern is 0.5, and as long as yesterday's low remains intact, the coin’s outlook remains extremely bullish.
FLOKIUSDT: Retest Complete. Is a Dogecoin-style Rally Next?BINANCE:FLOKIUSDT has made a strong breakout from its triangle pattern, followed by a solid retest of the support level. This setup indicates a potential bullish move, with the possibility of following a similar trajectory as Dogecoin. With the current hype surrounding meme coins, SEED_DONKEYDAN_MARKET_CAP:FLOKI could be gearing up for a pump. As always, remember to trade cautiously and consider managing risk by only using a portion of your capital. Let’s see if BINANCE:FLOKIUSDT can ride this momentum to new highs!
BITGET:FLOKIUSDT.P Currently trading at $0.000197
Buy level: Above $0.000177
Stop loss: Below $0.000142
TP1: $0.00022
TP2: $0.0003
TP3: $0.00045
TP4: $0.0008
Max Leverage 3x
Always keep Stop loss
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GBPCAD can we see higher bearish push
GBPCAD higly good price action structure, price touch trend lines 2 times, we have visible and SYMMETRICAL TRIANGL inside trend lines-zone and CHANNEL pattern is visible its be breaked today.
Currently here bearish push still expecting till next long term trend line
SUP zone: 1.80200
RES zone: 1.77600, 1.77000
GOLD (XAUUSD): Core CPI Ahead! Your Plan:Don't forget that today's CPI release is expected, and gold is likely to react significantly to this news.
Here are the possible scenarios:
📈 Bullish Scenario
The market has formed an ascending triangle on the 1-hour chart and is currently testing its neckline.
A break and close above this level would be a strong bullish signal, potentially pushing prices up to the 2635 level.
📉Bearish Scenario
There is a strong rising trend line that the price is currently respecting.
A bearish break and a 4-hour candle close below this trend line would be a strong bearish signal.
The market could then drop to the 2545 level.
Wait for the news release and then look for a breakout to confirm the direction.
NZDJPY → 92.00 - bull run triggerOANDA:NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally...
On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind.
JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us.
Resistance levels: 92.00
Support levels: 91.362
The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher.
Rate, share your opinion and questions, let's discuss what's going on with ★ OANDA:NZDJPY ;)
Regards R. Linda!
GOLD UPDATE
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
Ascending Triangle Pattern Tutorial: 3/8 Bullish PatternsAscending Triangle Pattern Tutorial: 3/8 Bullish Patterns
An ascending triangle is a bullish continuation chart pattern that signals the potential for an upward breakout. Here's how it forms:
Flat Upper Trendline: The upper trendline is flat, indicating a resistance level where the price consistently faces selling pressure and fails to move higher.
Rising Lower Trendline: The lower trendline is ascending, showing higher lows as buyers step in at increasingly higher prices.
Price Convergence: The price action gets squeezed between the two trendlines, leading to a tightening range.
Breakout: Eventually, the price breaks above the resistance level, indicating a continuation of the upward trend. This breakout is typically accompanied by a surge in volume.
Ascending triangles are popular among traders because they offer clear entry and exit points. The height of the triangle, measured from the base to the horizontal resistance, can be used to estimate the potential price target following the breakout.
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Symmetrical Triangle Pattern what is it/ how to draw it? 2/8Symmetrical Triangle Pattern what is it/ how to draw it? 2/8 Bullish Charting Patterns
A symmetrical triangle is a chart pattern that forms when the price of an asset converges with two trendlines that are moving towards each other, creating a triangular shape. Here’s how it works:
Converging Trendlines: The upper trendline is formed by connecting the descending highs, and the lower trendline is formed by connecting the ascending lows. These trendlines converge at a point called the apex.
Volume Decrease: As the pattern develops, trading volume typically decreases, indicating a period of consolidation and indecision in the market.
Breakout: Eventually, the price breaks out from the triangle, which can occur in either direction – upwards or downwards. The direction of the breakout often dictates the future trend of the asset.
Symmetrical triangles are considered continuation patterns, meaning they usually signal that the prevailing trend (upward or downward) before the pattern will continue after the breakout. Traders often use the height of the triangle (the distance between the initial high and low points) to estimate the potential price target following the breakout.
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Stay tuned for the other 6 BULLISH CHARTING PATTERNS
NEIROETH → The coin is one step away from rallying ↑BINANCE:NEIROETHUSDT.P consolidates before a possible takeoff. The potential of the cryptocurrency market is beginning to unfold amid the excitement surrounding Trump's victory
While bitcoin is hitting all-time highs, some altcoins are still considered extremely undervalued.
NEIROETH is coming out of accumulation (triangle) but faces a strong liquidity zone. The coin continues to accumulate potential, but with a hint of resistance breakout. The key liquidity zone is 0.1150.
Technically, the picture on the chart is shaping up to be extremely bullish: no renewal of lows, strong consolidations and strong support levels.
Resistance levels: 0.1150, 0.1400
Support levels: 0.0923, 0.067
I do not exclude the possibility of support retest and formation of a false breakdown before further growth. But in any case, a break of the key liquidity zone at 0.115 may trigger a rally.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROETHUSDT.P ;)
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MU has closed above resistance MU has triggered my second entry with a close above resistance yesterday. My buy order is at 113.87 just above yesterdays high and my stop is at 105.60 just below the gap from 06 Nov. the 8 ema is above the 21 and 2ema is currently above the 89 ema pointing a short and longer term trend change. The angular trend line could also be used for a trailing stop until a better level presents itself. I try to remain flexible within my risk management rules!