XRP/USD Elliott Wave count and trade 4H TFXRP perfect tirangle to trade.
Wave B retrace 0.618 of A, Wave C retrace 0.764 of B, wave D retrace 0.764 of C, expecting to see the E wave fall into 0.618 - 0.764 retrace of D.
0.34 % target for take profit from end of E wave. Stop lose below C wave end.
Aggresivve entry at 0.618 fib retracement of D, a more confident entry will be on the break of BD trend line.
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Thank you and good luck!
Trianglepattren
NBIX: Pharma higher highs!Neurocrine Biosciences, Inc.
Intraday - We look to Buy at 104.23 (stop at 98.97)
A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 104.00 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 120.54 and 128.00
Resistance: 121.00 / 136.00 / 140.00
Support: 104.00 / 80.00 / 55.00
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WAVES triangle fractal#WAVES/USDT
$WAVES is inside a triangle that is below a long-term triangle.
🐻 if price follow the previous triangle it will breaks down the lower line to touch the descending trend lines around $3.5 and $3.2, and break down from $3 will drop price toward last long-term support around $2.
🐮 holding the lower line of 4h triangle will increase price to break out from long-term descending resistance to reach resistance zone around $4.2 and will increase more toward upper trend lines.
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.
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Also, share your views in the comment section.
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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 .
Shanghai Composite Index Macro TriangleOstensibly SSE in a macro triangle formation. In this scenario we typically find peaks at 786 relationship of one another, At times we find the last leg falls shy of the 786.
** Please not the idea conveys only a potential pattern and how it may complete, and is not intended as a projection of future price action which relies on many factors that patterns and charts cannot and often do not capture.
XRPUSD forming a Triangle pattern, buy the breakoutXRPUSD
price is forming a triangle pattern, wait for a bullish breakout to buy.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
A little fluidity to moveA clearly formed triangle after going sideways for a month, a simple chart to show the momentum above the triangle
Over the past months, we have seen bears active to be asleep inside their caves, But it's almost winter, and it's time for the bulls to come out :D
BINANCE:BTCUSDT
Good luck
MAGADSUGAR is forming triangle patternNSE:MAGADSUGAR small cap is forming triangle pattern .
PE lower than peers . Consistent dividend payer.
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.
CCL - Long PositionWhat we see in the chart is a clear ascending triangle formation. The price will probably break out and move to the resistance line.
The entry is at the breakout of the triangle if accompanied with the volume surge. The target is shown in the chart.
With regards to the earnings announcement we believe it won´t have a significant impact because it´s already priced in.
Goodluck
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.
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.
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!!!
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