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ARB/USDT Symmetrical Triangle Breakout with Pullback OpportunityThe chart depicts a Symmetrical Triangle pattern, indicating a phase of consolidation followed by a confirmed breakout to the upside. Currently, the price is undergoing a pullback, presenting a potential opportunity for entry within the retracement zone. Key Observations 1. The Symmetrical Triangle structure has already been breached, signaling the continuation of bullish momentum. 2. The price is retracing towards the $0.85–$0.84 zone, which aligns with key support and represents an attractive area for accumulation. 3. The projected target post-breakout is approximately $1.00, consistent with historical resistance levels and the triangle's measured move. Strategic Implications Focus on the pullback as a buying opportunity near $0.85–$0.84. Ensure the pullback holds within this range to confirm support and validate the bullish setup. Look for signs of reversal, such as bullish candlestick patterns or increased volume, to reinforce confidence in the trade. Set a stop-loss below $0.80 to mitigate downside risk, while aiming for the $1.00 target as the primary profit zone.
Long
by wsaetos
Next target for ETH!BINANCE:ETHUSDT Ethereum has formed an ascending triangle which is a bullish pattern, but we see no break out. that means the price has no confirmation of a bullish movement. however when it happens, the price shall increase to 3700$ easily. ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by CRYPTONIC_trend
Gold Spot Analysis: Crown Pattern Signals Potential ReversalGold's recent price action on the 4-hour chart has unfolded into a fascinating Crown Pattern, hinting at a potential bearish continuation. This pattern, often associated with trend reversals, presents a compelling opportunity for traders to position themselves for the next move. Currently trading at $2,614, gold appears to be forming a consolidation phase within a descending triangle, signaling growing bearish momentum. Key Observations: Crown Pattern Formation: The clearly defined Crown Pattern suggests the exhaustion of the recent bullish wave. The structure follows classic measurements, with XA and DG ratios aligning closely with textbook values. The neckline at $2,630 has already been breached, solidifying the bearish outlook. Descending Triangle: Gold is consolidating within a descending triangle just below the neckline, with lower highs and a flat support line. A decisive break below $2,596 could trigger further declines. Key Support Zone: Immediate support lies at $2,554.55, coinciding with the Crown Pattern's projection target. This level will be crucial for bears to maintain their dominance. Bearish Momentum: Momentum indicators, combined with volume analysis, show waning buying pressure, further reinforcing the likelihood of a downward move. ------------------------------------------- Expected Scenarios: Bearish Continuation: A breakdown below the descending triangle at $2,596 could pave the way for a decline toward $2,554 and potentially lower. Bullish Reversal Invalidated: If gold manages to break above $2,630 and sustain above this key level, the bearish outlook will be invalidated, opening the door for a retest of $2,670.
FOREXCOM:XAUUSDShort
by melikatrader94
8
MKR broke out of channel MKR is the token used to vote on MakerDAO - decentralized autonomous organization controlling DAI. DAI is a stablecoin supposedly controlled by a decetralized organization instead of more cetralized competitors. Currently its market cap is around $2 Bln and DAI mcap is $5.4 bln. In the altcoin market it is quite reasonable to place a bet on stablecoins and one of the limited ways to do it is MKR. It will most likely reach the green zone which is a nice 20% trade. After that it will reach resistance both Fibonacci and that giant triangle- wise.
Long
by AlexLukyanin
ADA → Bullish Pressure !!!ADA is forming a Triangle on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.41 Stay tuned for more updates, thanks. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Apple in ascending triangle, up to 280$ or down to 200$?Apple had a great move up from 165$ to 237$ in only 3 month, but since then price has been oscillating between 200$ and 237$, this oscillation seem to form an ascending triangle. Since the stock has been moving up in long and short term, the probability that this triangle breaks out to the upside is higher than breaking out to the down side. Currently the price is sitting at lower level of this triangle and if the pattern holds, we should see the price move up to 237$ in short term. If the price breaks out from there to the upside, then we will be looking at the price target of 280$. On the other hand, if the price breaks out to the down side, the price target is at 200$ where we have a-formerly resistance-support line. We should also notice that after the April-July bull run we have already seen a retracement to 0.5 level, and the current movement of the price could be seen as the uptrend after the retracement.
NASDAQ:AAPLLong
by Mo_reza_kaz
Gold Triangle Breakout! Targeting the Key Pink ZoneGold is forming a triangle pattern on the 1-hour chart, and I’m watching closely for a breakout! 📈 If the price breaks out of the triangle with confirmation, I'll be looking to go long, aiming for the next pink zone as the target 🎯. Strategy: Enter on confirmed breakout, hold until we approach the pink zone, then reduce my position as it may attract sellers. I’ll update here if anything changes! What’s your take on this trade? Let me know below! 👇
CAPITALCOM:GOLDLong
by WaveRiders2
Solana (SOL) Price Prediction: Poised for a Breakout and New AllThe chart of Solana (SOL) is painting an exciting picture for the medium term. We're currently witnessing the formation of a massive triangle pattern, and a breakout seems imminent. This technical formation, combined with other indicators, strongly suggests that SOL is preparing for a significant upward move that could propel it to new all-time highs (ATH). Key Takeaways: Triangle Breakout: The price action is consolidating within a large triangle pattern. A decisive break above the upper trendline of this triangle will signal a bullish breakout, potentially triggering a strong rally. Fibonacci Targets: Based on Fibonacci extensions, we can project potential price targets for this anticipated move. The primary target zone lies between $257 and $260. This aligns perfectly with the 1.618 Fibonacci extension level, a key area where price often encounters resistance or support. Historical Support: The lower trendline of the triangle has provided solid support for SOL during its consolidation phase. This reinforces the significance of a breakout above the upper trendline. Why This Matters: Solana has been a strong performer in the cryptocurrency market, and this potential breakout could mark the beginning of a new bullish chapter. A surge to new ATHs would not only be a major milestone for SOL but also a testament to its growing adoption and utility in the decentralized finance (DeFi) and NFT spaces. Get Ready: If you're bullish on Solana, now is the time to pay close attention. A breakout above the triangle could happen quickly, leading to rapid price appreciation. Keep a close eye on the $257-$260 resistance zone, as this will be a crucial area to watch for potential profit-taking or further continuation of the uptrend. Disclaimer: This is a technical analysis based on the provided chart and historical price action. It's not financial advice, and the cryptocurrency market is inherently volatile. Always do your own research and invest responsibly.
COINBASE:SOLUSDLong
by Broker_Hunter
LISTA/USDT: READY FOR AN ATH!!Hey everyone! If you're enjoying this analysis, please give it a thumbs up and follow! LISTA is showing strong potential here. It has broken out from the descending triangle pattern and performed a clean retest of the breakout level. It's a good time to consider entering, with opportunities to add more during any dips. Entry range: Current Market Price (CMP) and accumulate up to $0.29 Targets: $0.42 / $0.54 / $0.66 / $0.85 Stop Loss (SL): $0.235 What are your thoughts on LISTA's current price action? Do you see a bullish setup? Share your analysis in the comments below!
Long
by CoreCrypto1