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Trianglepattren

Bearish continuation pattern in BitcoinBitcoin is looking overall weak and done so over the last few weeks as it constantly seems to struggle with overcoming the resistance levels above. It is currently forming a bearish continuation triangle. If Bitcoin breaks out to the downside, which has a 70% chance of happening, then the technical target for this formation alone stands at $50,500. This does, however, by no account mean that the price cannot continue down further. That C-wave that we discussed last week is still very much in play. With that said, Bitcoin can still recover from this fairly scot-free as its pivotal tops and bottoms are still increasingly high.
COINBASE:BTCUSD
by LongLifeTrading
1
SOL broke out of DES/SYM Triangle, read to move forwardHello everyone, I hope you had a great week and have amazing weekend plans! Enjoy the good weather for those that are having it. SOL has appeared to break out of the descending triangle(its more descending that symmetrical IMO). MACD-X Both MACD and Signal lines are above 0 and are nearing a cross. When they do, it will be a big indicator to further confirm the prediction I believe. RSI(VOLX) My strength of volume is based on accumlation and distribution. These options can be changed FWIW. RSI has a steep upward slope. Str of Vol is also right there with it. STOCH We've already crossed and there is a nice gap between the K and D signal. Ready to move up. Sym/Desc. Triangle It appears the correction and consolidation period is over and late buyers who wanted out have sold and those that want in or want to buy are ready to start doing so again. I do not view the lower time lines from the Daily for long or much at all. I posted the 8H to just show more of why the triangle pattern I drew fits well into the idea. More data is all. But lower time lines freak me out with how much they show deviations. I hold for several days to weeks before finishing a trade. Here's the daily chart with indicators. We're not exactly on the DIP but with how SOL has moved in the past, right now still feels like a good time to buy. I have an active trade from todays candle. I predict we will come out of resistance with this uptrend in a day or so. Patience and avoiding FOMO is key. My execution strategy will come once i see the trend is above the ATH. I'll be checking the FIB ret to estimate where it might be headed and update then. Hoping for a large big wave 1 that continues to a 161.8% larger 3rd wave. :D Enjoy your weekend! Happy trading all!
BINANCE:SOLUSD
by Erialos
Silver possible runup watch out - the GOOD and the BADThe GOOD: We have a volume pattern that looks right. See my educational post "a TIP about Volume Reading". We have a triangle-up pattern on going. Price already did most of the correction to the side for some time. We MIGHT (and this is a big might) have wallstreetbets context and hype which can drive the price further up. See attached post below. Price already been at a price of 48, so it is not complete fiction. The BAD: It's silver... and thus it might move very slow up. In the "Wallstreets $35 OTM Call Options" - I discuss in detail the fundamental aspect of silver, why wallstreetbets have a hard time pushing the price up. Given all the above: The market wants what the market wants, if the price is trending up, then the trend is up. If you like, follow and don't forget to like it so it will be saved in your saved ideas for future refernece.
AMEX:SLV
by ZoharCho
19
CRO, LOOK FOR THE BREAKOUT, ANYTIME SOON!Hello all, When I first started with crypto, I started with Coinbase. Now I have three separate platforms that I use which are Coinbase/Coinbase Pro, Gemini and Crypto.Com. I personally am in invested in CRO as I see the platform as a booming one which would only indicate CRO to go higher. I have the crypto.com visa card and I also have a good amount of CRO staked in the Crypto.com Defi wallet. In this chart, I show why I think CRO is about to breakout to new highs. On the Daily Chart, I point out what looks to be an ascending triangle with the breakout possibly coming in soon. I am not a financial advisor, I am simply posting my opinion on CRO based on technical analysis and information that I read and listen too. I wish you all the best of luck!
CLong
by ThreePillarsTrading3
3
ATOM/USDT : Possible directions to break triangle BINANCE:ATOMUSDT Hello everyone 😃 There are 2 directions for ATOM. 1️⃣ There is a bullish trendline below current level, Which is not very strong but it can a be good reversal point for ATOM and make enough potential to break triangle's high... 2️⃣ My 2nd vision is based on S&R conduct, If ATOM rejects to hold above trendline; Then it will retest lower support lines. There are several located support levels which can be a minor reversal point for ATOM ! 📍 Also on daily view, ATOM formed a bullish flag ! 📌 Majority is triangle, If ATOM breaks triangle and take hold above it. Then it will be possible for ATOM to see new ATH !! 🔴 All of this setups are valid before minor correction that we mentioned on our BTC exclusive update.. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
8
BTCUSDT 4H | Bitcoin market overview: TriangleHello, dear subscribers! In the previous review, we looked at the price decline as the most likely development of events in the bitcoin market. We outlined the support and resistance zones. Since then, the bitcoin price has fluctuated between $54,000 and $60,000. In recent days, buyers have been battling sellers for the $58,000 level. The bulls managed to briefly hold above the $58,000 level, but time after time they were squeezed by the bears below $58,000. The bitcoin price has drawn a " triangle" pattern. The closer the price is to the top of the triangle, the more likely it becomes that the price will exit the triangle. The subsequent price movement after the exit is usually the height of the triangle, which in this case is $7,000. It follows that the movement targets will be $51,000 or $66,000, in case the bears or bulls win. According to the MACD and RSI indicators, we are in a downward price cycle. The OBV indicator is above the support zone of the buyers - 2.15M near its maximum values of 2.25M. In the coming days we will see which side, buyers or sellers will win. Subscribe to the channel and stay tuned!
Short
by CatalystsFinance