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Trianglepattren

BNBUSDT - Short Term AnalysisCHART PATTERN: The pair appear to be creating an ascending triangle and be prone to a new downturn. We will likely see BNB try the 312 level once more before having any kind of breakthrough. OSCILLATORS: Stochastic and RSI are rapidly approaching oversold areas hinting a possible an upward rally in the next few hours/days. LIKELY SCENARIOS: - OPTIMISTIC - If the new attempt at 312 level will be successful BNB is likely to rally to 337 level before encountering resistance. Likely if BTC or ETH will soon start to gain traction. - PESSIMISTIC - If BNB will be rejected we will likely see a pretty huge dump to 267. Likely if new news about regulation and oversight will appear in the immediate future - INDECISIVE - Both the chart and the market in this period are very undecisive so there is also a non small chance that the pair will keep trading between 312 and 267 while the market in general decide its direction. Likely if nothing major happens and the market just keep idling in the wait of a sign.
by BurningStacks
RUNE/USDT (4H) - Midterm Long opportunity ? Hi Traders, This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging. My Buy zone will be area 5.2 to 3.8 USD. Sell zone is 6.5 to 7.5 USD. I will count subwaves on the way down and UP + Update Idea daily. Do your homework, always trade safe and use stop-loss ;)
Long
by Longevity_Contrarian
1
Bitcoin - What if I told you something like this is possible?There is an expanding symmetrical triangle (megaphone pattern) in Elliott Wave Theory. I'm not saying this is definitely happening, but if we see an impulsive reversal after dropping a bit lower, below wave ((a)) support, then it becomes a possibility. This is the same fourth wave pattern we saw in the Dow where the March 2020 drop was wave E of the triangle. It's always good to know and understand the possibilities. As I have mentioned numerous times before, it's also possible that wave 5 ended at the ATH. It's also possible that the ATH is only wave 3 and the current three wave pullback is wave 4. This is just one possible pattern that could play out. There are often multiple possibilities when price prints a range.
BNC:BLX
by Chris_Inks
9
💡Don't miss the great Sell opportunity in AUDUSDHi dear Members . Hope you all are enjoying our ideas and analysis. It seems that have entered a triangular pattern, we should see the Australian dollar down in the coming days. The area we are in is a very low risk area for sell. You can use the lower trigger time frame to enter. To be more sure of the Australian dollar movement, it is better to look at the New Zealand dollar movement because the movement of these two currency pairs against the US dollar is similar but with some delay. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by hamidreza_FX
7
BTCUSDT Price ActionAfter an swing upward, price fail to reach at least 33k region. Candlesticks inverted hammer & doji consecutive after an peak, bearish. Neckline: the priceaction will reaction from this and pullback to test. Expected a head in formation. Head and Shoulders correction in confluence to triangle. I've wright in baloon 'if price... breaks down... confirm reversal', but this is not a uptrend as the ordinary people may have think. All is BEARISH. Volume: show of weakness. If price action breaks down 61.8% of Fibonacci retracement, then one more confirmation to remains bearish and maintain short. 30k is the region of the neckline of the major double bottom to pay attention. The price action can form a wide range. But I'm expected dump.
Short
by firmestudio
Oil setting up at a break higher? Hi trading view community, hopefully, a great weekend was had by all. Looking at oil on the 4H chart today, we see a few signs that buyers are trying to get the trend going again. First, we can see that 108.49 resistance has started to become support. Price continues to consolidate, but that consolidation continues to form an ascending triangle pattern. (AT patterns in uptrends can be a sign that buyers could resume the trend if they can confirm a breakout) Lastly, the lowest on our list is that the CCI has moved back above the 0 line. When the CCI is above the 0 line this can indicate that price is in a bullish zone. From here, we would like to see buyers prove they hold momentum with a break of the pattern. If we do see a confirmation and a new leg higher, we will be watching to see if 116 comes back in as resistance. Failure to break the ascending triangle pattern and or a move back below 108.49 would start us to question buyer strength. Good trading.
NYMEX:CL1!Long
by Eightcap
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 E-Auvergne
Cronos From Crypto.com Can Be Finishing A Corrective DeclineHello Crypto traders, today we will talk about Cronos coin from Crypto.com in which we see deeper and bigger (A)-(B)-(C) correction from the highs that can be approaching the end soon. The main reason why Cronos looks corrective is an Elliott wave running triangle formation in wave (B) in the middle. In Elliott wave theory , we know that triangles cannot occur in wave (2) as part of a five-wave impulse, so it must be wave (B) which indicates for an A-B-C corrective movement. Triangles consist of five waves A-B-C-D-E. Triangles also suggest that the final leg is coming before a reversal, so in our case wave (C) before it finds the bottom. As you can see, CROUSD chart is already breaking out of wave (B) running triangle pattern and wave (C) can be already in progress. Ideal support we see at the starting point of mania cycle back in October 2021. If we also consider equality measurement of waves (A)=(C), then ideal support zone comes around 0.20 – 0.15 levels and from where we will expect a bullish reversal. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
FTX:CROUSD
by ew-forecast
3