BTC - DO NOT Ignore Small Timeframes in the Bull
Ascending Broadening Wedge
Deciding to show a simple pattern easily missed if not looking @ the 15M chart that if confirmed can lead to break out…
WHY?
1) I’m tired of horrible traders commenting that you’re a noob in trading if you’re looking at the 5-15M time frames of a chart
2) uneducated “traders” who always say small time frames never play out… they almost always do if confirmed der
LETS SEE WHAT HAPPENS
Triangle
A good buy for SingularityNETAGIX seems to have formed a triangle on the weekly chart. AI should be the ultimate winner in this altcoin season.
XRP - 90% Probability trade!Hello Traders and Investors, today I will take a look at XRP.
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Explanation of my video analysis:
In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly lining up with a horizontal structure, creating a confluence of support at the $0.48 level. If we do get bullish confirmation, a bullish rejection is very likely to happen.
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Keep your long term vision,
Philip (BasicTrading)
Dow JonesCheck the video for detailed analysis. Levels are below.
Pattern : Support/Resistance, triangle.
Range : Medium.
Trend strength : Normal.
Buy Above : 39060.
Stop Loss : 39000.
Targets : 39120, 39200, 39320 and 39400.
Sell below : 38900.
Stop Loss : 38980.
Targets : 38820 ,38760 and 38680.
Check the live market updates.
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.
Tesla Forms Potential TriangleTesla rallied in late April after reporting quarterly results. But now some traders may think the bounce is fading.
The first pattern on today’s chart is the series of lower quarterly highs since last summer. (They’re marked in yellow.) Those may show the presence of a longer-term downtrend.
Second is the set of converging lows and highs over the last month. Bollinger Band Width has also narrowed as the triangle formed. Will the contracting price action give way to increased volatility? (Red arrows show previous moments when TSLA fell after similar squeezes.)
Third, the EV maker is trying to hold its 21-day exponential moving average. A break below it could suggest that bears are gaining an edge in the short-term.
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HelenP. I Gold can decline to support level and try to break itHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the support level, which coincided with the support zone, and at once rebounded and started to move up to the resistance level. In a short time later, when XAU reached the 2400 level, which coincided with the resistance zone, it broke this level and rose to the trend line. But then Gold turned around and started to decline inside a triangle pattern, where it soon fell to the resistance level and broke it one more time. Then Gold continued to decline and in a short time later price fell to the support zone, where it some time traded and soon rebounded up from this area, making a fake breakout of the 2335 support level. After this movement, Gold made retest and started to grow to a trend line, which is the resistance line of the triangle also. For my mind, XAUUSD will rise almost to the trend line and then decline to the support level. After this, Gold can break this level, exiting from triangle, and continue to fall, so, that's why I set my goal at 2310 points. If you like my analytics you may support me with your like/comment ❤️
BONK/USDT: Targeting Upside Breakout, Buy Stop at 0.00003700BONK/USDT is primed for a breakout from its ascending triangle formation. We're setting a buy stop at 0.00003700 to capture the potential bullish momentum. With a risk/reward ratio of 1:2, this trade is positioned to take advantage of the upward trend continuation. This setup aims to ride the breakout to new highs, capitalizing on the increased buying pressure indicated by the recent price action. Ensure to manage your position by monitoring the breakout strength and adjust stop losses accordingly.
APPLE (AAPL) STOCK ANALYSIS Hello, traders here is an analysis of APPLE as you can see the price has been in a bullish form and it created an ascending triangle pattern that signals a bullish move so now I will wait for the price to break the upper structure of the pattern and retest it (as shown in the chart) then I will look for the long opportunities.
Tesla - Triangle and -33% drop!Hello Traders and Investors, today I will take a look at Tesla .
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Explanation of my video analysis:
With Tesla stock breaking above previous resistance in 2019 and coming back to retest it in 2020, this stock then took off and created one of the most insane rallies which I have ever seen. At the moment though, Tesla is consolidating in a descending triangle formation and there is a high chance that Tesla will again come back to retest the lower support at $110 for a third time.
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Keep your long term vision,
Philip (BasicTrading)
ETHEREUM → The coin comes to life. Target 4,000?BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200.
An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken ascending channel. The Chart clearly shows how the market is gathering liquidity at the expense of sellers, which is generally an encouraging pattern with the goal of further growth. On D1 it is worth paying attention to the triangle boundaries, as well as to the 3200 area, a breakout and subsequent consolidation above which will form a strong bullish potential that can continue to grow to the interim high of 4086, as well as to the ATH.
Support levels: 2900, 2812
Resistance levels: 3200, 3350
Technically and fundamentally, ETH has a good potential. The phase of realization of the accumulated energy can be activated at the breakout of 3200. Also, on a bullish trend symmetrical triangle is a good and potentially promising pattern.
Regards R. Linda!
#MANTAUSDT T:F 4 HOURS
#MANTA has formed a DESCENDING TRIANGLE PATTERN which is often considered as a BREAKDOWN PATTERN.
However, the price got SUPPORT from the historical SUPPORT ZONE at $1.4 - $1.5 and it may try to move UP & break the UPPER TREND LINE RESISTANCE!
Until then let's WAIT & WATCH
Hit 🚀 if you guys want more Crypto Pairs analysis.
#MANTA #analysis #crypto #thesoumyoroyanalysis