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Trianglepattren

$USDCHF - Triangle breakoutHi guys! 👋🏻 🔔 US Dollar gains ahead of FOMC meeting, despite negative housing stats and building permits data, +0.50% against the Swiss Franc. 🔔 The year has started unfortunate for the Swiss Franc as the CHF lost 6.33% to GBP, 2.15 to Euro and 5% to Australian Dollar. 🔔 The negative rates kept by the SNB, causing the inflation to remain negative, for the second month in a row the inflation in Switzerland remains -0.5%. Though the deflation has significantly improved, according to the data the state is still in deflation mode for a consecutive year. Incomes of the Swiss National Bank have dropped significantly in 2020, resulting in a total loss of 27,982.1M CHF. 🔔 USD/CHF is in a correction mode in a whole week since March 10, after a trend reversal early this year. The breakout from the descending ending diagonal supported the uptrend of the US Dollar against the Swiss Franc. 🔔 4-Hour chart of the pair suggests that the uptrend continuation of the pair is possible after a confirmed breakout from the triangle. 🔔 The breakout from this triangle will trigger a jump towards $0.93760 and $0.94750 above the local high. The uptrend is supported by RSI and MACD indicators as well as the EMA50. The volatility during the FOMC meetings will create a bumpy road for the price’s ongoing trend-continuation, hence it is highly recommended to keep eye on key levels, supports and resistances, one important resistance lies at $0.93140. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
GME Finding Resistance at 260 Level Healthy after a large price increase to move sideways and consolidate. My question with GME is the possible 80% trading swing while it consolidates. I don't think it's necessarily bad if GME finds support above 260 and moves slower upwards, have to wait and see. Part of technical analysis and chart recognition is predicting and preparing for the intended direction as it unfolds. Hard to not pay attention to a trade in the 80% range if the triangle pattern holds up, makes for a good trade and is better for GME to consolidate prior to making another run. Worth noting look at the chart pattern between April and July 2000 when GME was 4.10
NYSE:GME
by works2020
4
$GRTUSD - Wait for a breakout and go longHello everyone! GRT is keeping near the lower edge of the symmetrical which is not a good sign for a token which wants to gain value. Nevertheless, since there could be a strong volatility these days, I'm guessing that GRT will break below the triangle and from the nearest supports (see chart) will bounce back towards new highs. The best point to keep in mind in all chart pattern trades is wait for a breakout, the best of the best is wait for a breakout and retest, so wait for a signal and perform the necessary trade.
KRAKEN:GRTUSDLong
by realMarketSurfer
2
POLS On The Edge of a BREAKOUT!Polkastarter has been respecting this triangle since it's all time high, the price action tried many time to break it but ended up by failing and we can see a strong support zone has formed below the price. On the 4h timeframe, the 200 EMA happens to pass by this support zone and the price can be clearly seen that it has tested it more than one time but failed in breaking through which adds confirmation to our trade idea. If the price breaks upwards we can expect it to reach 10$! Good Luck :)
Long
by rodrader
BTC - H4 - TENKAN-SEN UNDER ATTACK !H4 : After the strong triangle breakout and as expected BTC lost momentum and last candle triggered a bearish engulfing pattern. For the time being, the first support (Tenkan-Sen) hold; nevertheless, technical indicators are switching from the sideways to the downside which may be the first signal (s) of a short term trend reversal. A failure to hold above TS @ 53554 would put the focus on MBB @ 51992 (roughly the level of the triangle breakout, such kind of correction would complete the expected pullback and if occurs, it should be seen as the REAL TEST of a successful upside breakout. Indeed, it is crucial, in order, to maintain the bullish tone, to stay and hold above 51500 (Kijun-Sen) as a failure to do it would invalidate the triangle pattern and reopen the door for lower levels. Watch shorter time frames H1 and M15 to get intermediate signal (s) which will allow you to act accordingly. Have a nice trading day. All the best Have fun and take care.
BITSTAMP:BTCUSD
by Ironman8848
1
$NZDUSD - Another impulse above 0.72550Hi guys! 👋🏻 🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%. 🔔 The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index 🔔 The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters. 🔔 NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance. 🔔 The best would be to wait for a breakout from the $0.72550 resistance and go long. 🔔 The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400 🔔 I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
1INCHUSDT is creating a triangle. Hello Binance Smart Chain🦐1INCHUSDT is creating a triangle, and the price gets a lot of volume after BSC (Binance Smart Chain) news. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
21