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Trianglepatterns

Manausdt ; Long or what ?Mana has Broken up it's falling channel , Mana also could break up the static resistance on 0.91$ and it's pullback has happened which we can also assume it as rest to 0.5 level of retracement Fibonacci. I think after a tringle pattern Mana could reach to 1.33$ target. You can use my long Position setup with 2.75 R/R. Just take care of the stop loss. what do you think about Mana in 4H timeframe ? If you have any questions please feel free to text me .
Long
by ArminYousefi_Trading
3
BTC situationHI friends The current state of bitcoin has become frustrating for many traders In the long run we are in a process of suffering. But in the short term we are in a process of reform.The formed patterns mostly confirm the downward trend for us. But experience has shown that in such a situation, a sharp move occurs unexpectedly. Descending scenario: Bitcoin breaks its formed triangle pattern downwards and will fall to the price of 28,100. A pullback hits Area 29k , which is a strong support area , and continues to fall to 27,400. Ascending scenario: Bitcoin raises its price to 30700 with a sharp move and touches its resistance. Traders are assured of saturation and open sell positions. After suffering for a few hours in the area of 31k to 30400, it will break its resistance upwards and will have up to 32,000 upward movements. In this situation, by increasing the purchase volume , it will even be possible to touch area 33k .
by aliasadii
REEFUSDT is creating a triangleThe price is creating an ascending channel below the daily resistance of 0.005$. As you can see the daily area is very strong for the market, and the price got several rejections from that area. How to approach it? IF the price is going to have a breakout from that area, 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 🦐
RLong
by InkyGrip
5
BTC planning for more dipHello traders! BTC is ready to fall more. Previously, it failed to give big bearish candles, but it is ready for a dip because this pattern is looking strong for sellers. Chances of moving down have a higher probability than moving upward. We will always go towards better probability. In this dip, it can touch 28700. It will form a new pattern at 28700 then we will look for the next move from there. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
3
Will Microsoft let itself be affected by negative events? ⚔️We tend to see triangles everywhere, we realize that this may be redundant for some, but all modes of chartist analysis are good to go. We also realize that the triangle Microsoft is forming is not the prettiest, but if it is truly a compression triangle, then we could be looking at an upside breakout. Only time will tell, I must admit that taking positions in these complicated times for everyone is a risky bet, which may or may not be taken for a good performance. Only two paths are possible, but which one will Microsoft choose?
NASDAQ:MSFT
by Absconse
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
Ethereum Classic breaking out?$ETCUSD has broken upwards from a bearish penant, it’s just lacking volume confirming the breakout, and with the overall bearish sentiment in the overall equities markets it may be hard for people to get bullish. We have bullish divergence on the RSI on 30 min, 1 and 2 hour charts and momentum indicator is turning white getting ready to flip green on these time frames. There are a few roadblocks though, mainly the pesky EMA ribbon that for 30 min and under charts it is climbing through, but higher time frames are giving resistance. If bullish volume confirms the breakout though I’d expect a measured target to the top of the green arrow, around $26.50/coin for around an 8% move to the upside (or downside if it comes back inside and breaks the other way.) This coin is priced at 1/8th it’s all time high it set in 2021 right now, and has tons of new development bringing users to the undervalued chain. Check out all the new dapps and NFTs at EthereumClassic dot org If you’re not aware ETC is the original Ethereum but upgraded over the years without ever compromising integrity, decentralization, or most importantly the immutability of the ledgar, like the overlords of ETH did. They have tried to kill this coin so many times but it will not go quietly. That’s why I put all my profits from shorting the stock market into buying the dip!
COINBASE:ETCUSDLong
by BrianVS
AVAXUSDT is testing the 0.786 Fibonacci levelThe price was rejected from the daily resistance on 96$ after a false breakout from the dynamic resistance, as you can see from the daily chart. After the rejection the price retested the dynamic 4h support as new resistance and got liquidity from the new bearish impulse. At the moment the price is testing the 0.786 Fibonacci level as new support. How to approach? We are monitoring the price, we could see a new bounce above the 4h resistance on 69$. If the price will not confirm the flip, we could see a new breakdown and retest of 61$, the dynamic support area. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
4
BTC Moment of ClarityFinally some market structure... Bullish - Inflation happening in real time. Where will people store their money? - Web 3.0, Metaverse, NFT, DAO's, Country Adoption. - A,B,C,D,E Pattern Completion Bearish - Federal reserve implementing deflationary measures. Interest Rate to Increase. Higher tax. More Regulations. - A,B,C,D,E Pattern not bullish wave structure. - Many failed harmonic patterns, divergance, trend line breaks. Neutral - 40k an are of historical support / resistance What will the future bring? Will this pattern be invalidated?
COINBASE:BTCUSD
by AthenticWhale1
3
AMC's decreasing triangle - waiting for its breakoutAMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima. Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the appex,it is a better option to wait until the price of the shares breaks the triangle in any direction. Once it breaks, operating in the direction of the new trend could be a potential strategy. We'll keep track of this share price evolution
NYSE:AMC
by mar_lpz