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Trianglebreak

HNTUSDT is trying to create a new Higher highThe price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$. The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance. On 4h Timeframe the price is trying to create a new higher high. How to approach? We are waiting for the breakout from the key level and applying our rules for a long position. As you can see on the left, just a breakout is not enough to open a new long position, so we will wait even for our rules. Next daily resistance is 28$, don't miss it –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
HLong
by InkyGrip
2
BTC - UNCERTAINTY AND INDECISION ...WEEKLY (W1) The weekly picture is showing a BREAKOUT ATTEMPT to cross over the top of the WEEKLY CLOUDS resistance area @ 47'407- Wait for either VALIDATION or I NVALIDATION by the ongoing weekly closing level. DAILY (D1) Sideways price action caught in a relatively narrow trading range which is showing some uncertainty and indecision about further development. Yesterday's closing price @ 45'820 was below the TENKAN-SEN (45'925) and today's ongoing price action is showing a recovery attempt above the TS, which today @ 46'167after having been supported by the ongoing uptrend support line, currently @ 45'565 LEVELS TO WATCH (daily closing basis ! : UPSIDE : R1 :46'167 R2 : 47'218 R3 : 48'234 A DAILY CLOSING ABOVE 48'234 WOULD CONFIRM FURTHER UPSIDE TOWARDS THE PSYCHOLOGICAL 50'000 RESISTANCE LEVEL AHEAD OF THE VERY IMPORTANT 50'975 LEVEL WHICH IS THE WEEKLY KIJUN-SEN ! DOWNSIDE : S1 : 45'565 S2 : 44'159 (38.2% Fib ret) S3 : 42'900 (50% Fib ret & KS) RSI @ 61.36, below its uptrend support line and the LAGGING LINE moving in a SIDEWAYS mode. A DAILY CLOSING BELOW 44'650 WOULD PUT IN TROUBLE THE STILL VALID TRIANGLE PATTERN TARGETING 57'620 4 HOURS (H4) Currently roughly IN THE MIDDLE OF THE H4 CLOUDS SUPPORT AREA, caught between the KIJUN-SEN in support @ 45'982 and the TENKAN-SEN in resistance @ 46'391. Watch the upcoming H4 closing to get more clues about further development then watch the CLOUDS and respectively : 46'785 on the upside 44'493 on the downside A FAILURE TO HOLD AND CLOSE ON H4 time frame above the clouds bottom level @ 44'493 would corroborate the implications previously mentioned in D1 1 HOUR (H1) WATCH THE CLOUDS TOO as a good leading indicator in this H1 time frame. The bottom of the clouds coinciding also with the H1 Tenkan-Sen level @ 45'985 ! As usual monitor closely intraday shorter time frames which will help you to catch early signals which will validate or invalidate the implication of the scenario mentioned in longer time frames. Have a nice Sunday (Winter is back in Switzerland...) All the best and take care IRONMAN8848. & Jean-Pierre Burki www.tradingview.com
BITSTAMP:BTCUSD
by Ironman8848
3
LITUSDT is creating a triangleThe price had a breakout from the dynamic resistance on the daily timeframe after a retest at 1.23$. The market created a double bottom on it. On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle, where the resistance is the daily resistance. Be aware of the supply zone (circle) where the price had an accumulation before a new bearish impulse. How to approach? We are waiting for the breakout from the triangle and retest the previous resistance (daily) as new support.. If the price is going to have a breakout from the supply zone, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
16
Triangles, triangles and more trianglesOne of the best trading pattern, that you'll find in every market, are triangles. They are amazing because of a few key benefits: Very easy to spot. Clear way to measure them. They are continuation patterns, so you're not fighting against a trend. They are easy to indicate brakes or fakeouts. This is a great article about them: www.investopedia.com Looking at AVAX/BTC we have a beautiful and clear triangle (it can be seeing as a bullish wedge also) that is breaking up the downtrend and giving us the best confirmation we can see: RETEST. This can mean many things, the altcoin season may be coming soon, confirmation of AVAX strength over BTC and other coins, demostrating the good development of the AVAX network as fundamentals. But we should always have a target in mind. So, if the retest is validated and we find support in the MA 50 weekly and the bullmarket band we will be targeting the ATH for AVAX and from there confirming the altseason or just a quick movement against BTC. Remember that for this to happen BTC has to be bullish as, usually, when BTC moves up some altcoins explode.
Long
by CriptoJoe
3
Bullish and poised for Higher for Q2Given Taxes are pretty much done, I would say that as long as 40400-40800 support zone holds (possible retest of the Triangle-breakout holds,) we going higher. Anything can happen, so be on guard and careful about "going all-in" if you have a day job. My strategy at this point is to take 1/2 of my desired investment dollars and just buy on dips or reasonable prices and use the other half to rebuild a back-up of stablecoins that will have attached orders much lower than current prices just in case we have a market disrupting event. Still stacking with weekly buys, but more timid purchases as per my long-term DCA strategy. Also investing in a few choice alts as well given the broad rally we've had coming into the end of Q1. Possible lows I see on deck for the next 24 hours should we have a dip, are the aforementioned support zones for the recent triangle break, where I will have an order or two, in addition to stop-loss buys that are much smaller in case we rip overnight; but a rip at this time is doubtful beyond 42400-42500 where we see evidence of small distribution already occurring in the last 24 hours. Probably overbought, on the RSI which can afford to come down a bit. Weekly close near 42K is also psychologically builish. On the other hand, we did not see a capitulation move, so that's still on the table, hence keeping a bit of spare change on deck just in case. If we do continue higher from here, I am thankful that I made some very decent buys in the 30s this quarter...
BITMEX:BTCUSD.PLong
by JJMa
So many bullish indicators. Explained.Lots of things happening in on the daily chart. 1.Triangle breakout The chart shows a clear breakout out of the traingle and the price moved as with most breakouts. Breakout, followed by a dip towards the top of the triangle (not completely but still at 0.88 hit) before the (hopefully) big blow to the upside. 2.Resistance/Support flip. It broke out above the 1.05 resistance. Hopefully it confirms it as a new support before continuing the run up. 3. Cup and Handle The same resistance line at 1.05 is the top of the cup and handle. Starting at 19/05/2021, finishing the cup at 21/08/2021 and finishing the handle at 26/10/2021. It already broke out above. Very bullish. 4. Daily 50MA and 200MA about to cross These daily moving averages are about to cross at ~0.85. The 200MA passing 50MA is golden. So, lots of indicators are yelling moon time. What am I gonna do with this info? I bought some more GRT just now and i'll be buying more if it dips to 1.05 and 0.85. Good luck traders.
COINBASE:GRTUSDLong
by Silverboarder
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NSE:NESTLEINDLong
by EVOQUE5000
3
Compound Long - triangle breakout setupAs we can see COMP has been in a bear market since mid may 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone The project itself is base on De-Fi lending protocols and has a relatively great lending and repayment volume, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in. I will DCA between 112-91 and take profits at 227-253 𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
COINBASE:COMPUSDLong
by dylandias
💵EURUSD - Potential Triangle BreakHI Everyone, Here are our thoughts on EURUSD on the 1H timeframe. It is currently in a symmetrical triangle and looks to be getting closer to a break. With the overall trend being down at the moment we are expecting a break to the down side. For those looking at shorting wait to see a confirmed break below the 1.11500 - 1.11400 zone. A good setup would be to wait for a retest and rejection on the lower trendline increasing the probability for further downward movement. Let us know your thoughts.
by Wolfpack_Traders
GOLD Symmetrical Triangle At Play?Hi Traders, Hope you are all doing well. As we know, last week was a very intense week for the world and we still have crazy volatility this week. I choose not to trade during times like this, although market volatility is what we need as traders to make money. However, I would rather be more certain on a position when I see a setup, rather than be unsure because of geopolitical events. Having said this, let’s have a quick squiz at GOLD. We were waiting for that daily resistance to be flipped at support. Sure enough, it happened. Fundamentals dropped the price down to flip that daily resistance as support. I saw no reason to go long once we retested that support on the daily; it’s just a giant wick. On the 1-Hour, we have a symmetrical triangle forming and I see a possible break to the upside on the near horizon. If this pattern breaks to the upside, I will then begin to start looking for possible long positions again. The MACD is showing us bulls are returning and sellers are weakening. However, this is not enough confluence for me to jump in. World events can move prices around like a hurricane and I would rather wait to see a little more stability before I start to get involved. But, we can always learn and continue to learn we shall! Keep safe and I will see you all on the next one. Vortex
OANDA:XAUUSDLong
by TheVortexTrader
Filecoin Long - triangle breakout setupAs we can see FIL has been in a bear market since april 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone The project itself is based on storing data on the blockchain, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in. I will wait to have the support verification and the DCA and TP at the Fib zone. 𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
COINBASE:FILUSDLong
by dylandias
2