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Trianglepattren

ETH: CONSOLIDATING INSIDE A TRIANGLE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick ETH update. ETH is trading inside a triangle pattern in 4hr time frame. Currently, it is trading near the lower trendline and holding the lower trendline so far. If it breaks down and closes below the triangle then be ready for $1000 per ETH and in that case Alts also started dumping with ETH. If it holds this support and bounces back then it needs to break above the triangle for a good upside move to the $1600 level. As of now waiting for a clear direction is a much better decision here. Hope this idea will help you to take better decisions in your short-term trading plan. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
9
APOLLOHOSP is forming triangle patternNSE:APOLLOHOSP Large cap Health care stock is forming triangle pattern with 4 months support line and 9 months resistance line with 4 rejections. Previous support line was broken at 2022-04-29 and fallen 25%, hence this time enter only on strong breakout and follow strict SL. Shorting can be attempted with triangle's support is broken strongly, and SL need to be followed strictly. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management .
NSE:APOLLOHOSP
by samplespaz
PBBank VCP aka cup & handle pattern. 20/Sept/22PBBank. Look like we have A VCP chart pattern. A chart pattern “refined” by famous Mark Minervini ( US 1997, 2021 investing championship winner) which got inspired by William J. O’Neil defined “Cup and handle” pattern..p/s or anything “chart pattern” you have “discovered/defined “? Making it “famous”?...Also the “cup & handle / VCP” pattern “closed” to 1 of variation of “triangle pattern” which is “ascending triangle “...with breakout. With rate hike all over the world. Banking sector might be “benefit” most. Price of PBBank could reach RM6.80 which is about 47.47% gain from current price level.
MYX:PBBANK
by SteveTan
Merge TimeETH 2.0 is here! Today, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further capitulation and turmoil? At first glance, it appears the merge has been successful. This event will shift the Ethereum blockchain over to new Proof-of-Stake validator nodes which will require staking 32 ETH in order to become a validator on the network. For an investor, holding ETH is now more attractive due to the fact that it is now deflationary. This means that Ethereum is now the highest market capitalisation deflationary asset on the planet. The transfer off the legacy Proof-of-Work system is proposed to lead to around a 99% reduction in the energy consumption of the network. In short, this will make Ethereum much more efficient and allow for significant strides to be made towards crypto’s environmentally sustainable future. Additionally, with the current ESG narrative in investing, this improved efficiency could attract new institutional investors to the world of crypto who may previously have avoided the sector in order to maintain a green image. Another important implication of the merge is that the number of ETH tokens issued as block rewards will significantly reduce. Prior to the merge, around 13,000 Ether were mined each and every day. Now, this number will reduce to approximately 1,600 Ether per day. This is another bullish implication of the merge as there will be significantly less selling pressure on Ethereum from miners selling their rewards. From a technical perspective, it appears the market already had this event priced in as in the last few hours we have not experienced any significant volatility that many were expecting. On the daily timeframe, there is a clear example of a symmetrical triangle pattern. Traders will be watching this chart closely as a breakout above this triangle could light the way to new range highs. Conversely, a break below this triangle could result in more pain and a return back towards the $1,400 - $1,450 support range. Another important thing to note is the convergence of MA9 and MA50 with a crossing potentially imminent. MA9 crossing above MA50 would be a bullish signal and provide support to the idea that a breakout above the triangle would be the more likely scenario. 
by Coinrule
Triangle Pattern formation in 1 WTF!>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up! > The upper Trend Line should be broken with the good volumes is the only concern! >Good formation of 'V' Shaped Candle Sticks is happened just below the 20 DMA. >The 4 Supports Levels are significant because they represent the higher low's formed in the above triangle. >Let the break-out happen first, then entry is what I am planning or else if you want to enter it now go by the stop-loss I gave. >The Stop-Loss is some what more but it is favorable when compared to RRR which is '2.02'. >The first Target would be the 52w high. Let's Watch with patience!!! ***Container Corporation of India Limited (CONCOR) is under the ownership of Indian Railways, Ministry of Railways, Government of India.
NSE:TCILong
by AxionAjay
⭕️ GBPJPY ; Which direction is the triangle failing ❓🧐🔰You can see the analysis of the British Pound in Japanese Yen in four-hour time in the picture (GBPJPY - 4H)🔍 🔰As is evident from the image, the price moves in a triangle❗️❗️ ✴️In your opinion, which side will the triangle break from and which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
2
📉🐻Bears are waiting for an entry🐻📈BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first look at my previous analysis and positions on ETHUSDT & BTCUSDT and AUDUSD & USDCAD. This current price growth in Bitcoin could be the pullback to the pattern-breaking range. A sell position in the red area can have a high chance of winning. Just don't forget to risk-free your positions when they reached the risk-free level. TP1 in green ==> for long position.(My previous analysis) TP1-2-3 in red ==> for short position. The optimum stop-loss for each position is on the chart. Please share ideas and leave a comment, let me know what you think. CrazyS✌
Short
by CrazyS
6