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Trianglebreak

Textbook performance from ADA.The current ADA price movement is one of pure theoretical importance. The reason I say this is based on the fact that we are currently in a bullish continuation pattern know as a triangle pattern. Some would know why I say this formation is very textbook. For those who do not know, it is because with any continuation pattern the price will break out of the confines of the pattern (resistance) only to come back and turn previous resistance into support before it goes on to reach the targets set by the pattern, in this situation the target lies at around $1.61. However the price wont just shoot up to the target and is more likely to build up a bit more support in order to create a strong level that future price will struggle to fall below, but a more directly to the target is also highly possible therefore one would have to look on the smaller time frames for confluences to determine which route the price will take. What do you think about ADA's current situation. Are you bullish or bearish in the medium term?
BINANCE:ADAUSD.PLong
by Crisp_Flow
EUR/GBP FALSE BREAK OUT ON H4 EUR/GBP forms a triangle on the 4-hour chart, broken twice on June 17th and 22nd, but the price fast returns twice in the formation. The currency pair traded lower on Wednesday after being rejected from the downside resistance line drawn from April 23rd. The last 4-hour candle bounces back from the horizontal support line, and it would be interesting how the price will react tomorrow. If it stays in a very tight range, the investors will remain in anticipation of higher volatility and the price action for triangle exit. But this may happen until busy economic events Friday. If the price breakthrough below Monday’s low at 0.8566 could wake up more bears, who could get encouraged to drive the action down to 0.8530 or far more around 0.8474. In a bull run case, traders would like to see a rebound back above 0.8600. This move would not only take the rate above the aforementioned downside line but would also confirm a forthcoming higher high. The bulls may then get encouraged to push the battle towards 0.8639 or to the following levels at 0.8670 and 0.8717.
by legacyFXofficial
2
1INCHUSDT is testing the weekly support 🦐1INCHUSDT is testing the weekly support. IF the price gets liquidity and the price will have a breakout and have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
USDJPY - Triangle Break expectedHi Traders! As you can see, the market is moving in a descending Triangle after an Upmovement. Furthermore, it is moving in a Range. We also have Lower Highs which shows bearish strength. Additional Confirmation: It looks like the 50 MA is going to cross the 200 MA bearish. This would be a golden cross then. The target is the 61.8% Fibonacci Retracement which is at the H4-Trendline. We recommend to enter underneath the 200MA! Thanks and successful Trading :-)!
Short
by swissmoneymakers
MATICUSDT is testing the demand zone 🦐MATICUSDT is testing the demand zone 🦐 inside a triangle. IF the price will have a breakout from the daily resistance and turn into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
MLong
by InkyGrip
4
ALGOUSDT could retest 0.75$ 🦐ALGOUSDT could retest 0.75$ on weekly support after the price lost an important daily support and retested it as new resistance. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
10
ASCENDING TRIANGLE, IMMINENT BREAKOUTAES CORPORATION : Text book ascending triangle . Ascending triangle patterns usually occur in trends and acts as a continuation pattern. It's defined by a bullish trending move followed by two or more equal highs and a series of higher lows. The pattern is complete when price breaks above the horizontal resistance area. The pattern is considered successful if price extends beyond the breakout point for at least the same distance as the pattern width. Watch for a break of the 29 level with a potential target to 34. Success rate: about 70% Trade safe.
NYSE:AESLong
by Elpidaldo
4
AMC Testing Pi ResistanceInteresting way to look at the fibs here on AMC By measuring the first AMC swing which resulted in a symmetrical triangle consolidation we can see that the breakout which occurred from that has extended 3.14 times the distance of the first wave. Along with the fact that we formed a strong RSI bearish divergence here at all time highs was a strong reason for AMC to take a breath and consolidate. We can see that another symmetrical triangle is being formed... and this gives us a bullish bias going forth. If AMC does ever break down from the triangle then a retest of $20 seems to be on the table.
NYSE:AMC
by portfoliokingsllc
TFUELUSDT is ready for the new highs! 🦐after our previous idea with nice profits the price is creating a bullish triangle. IF the price will have a breakout and retest the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
16