Trianglepattren
$F - Descending TriangleThe bears have been able to drive this market downwards at steadily lower up swings. And conversely, the bulls have not been able to drive this market past its previous swing highs since August 2022.
Although this chart pattern and price action behavior is suggestive of bearish dominance in this market. Although the price is trading below the key EMAs. The longer time frames and the RSI bullish divergence formed from July to October 2022, does not allow us to jump into conclusions as to how to form our bias.
More important perhaps than forming our bias here, is to register how neatly this pattern is being formed, from volatility to the lack of it. To the extent that the price is now trading in a very narrow range. To the extent that a breakout with conviction in either end of the triangle, now, will be a revealing signal of where this market wants to go.
Despite the sensation of control that any sort of analysis might lend you, please note that the future is unknown. For this reason, risk management is the real name of the game here. Remember to keep your positions small and dispersed.
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
50% discount on all of our products, in our website, with the following code:
MOX Q3C WXRX
Fakeout. Short term targets btcOK so a little breakdown from What I'm seeing short term.
The yellow hand drawn circle is a brilliant example of a fakeout.
We recently broke down from a equal triangle shape after a fakeout (fakeouts are usual
signs of reversal coming)
The target for breaking down from this triangle would be about 27900. As shown by simple cloning the high to low of the beginning of the triangle.
27900 also brings us to out support zone again (red dashed horizontal)
Happy Bank Holiday 🍻
SOLUSDT ASCENDING TRIANGLEOn the chart we can see the ascending triangle pattern.
We expect that the price break the resistance line .
The long position may be taken at the breakout with the volume increase,
Target is shown on the chart.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
good luck
WALCHANDNAGAR Symmetrical triangleIn monthly Timeframe WALCHANNAG can be seen forming symmetrical triangle pattern
If it breaks the triangle upwards then we can see good move upwards from 76-78
If it breaks down from triangle then we will see bearish treand in WALCHANNAG from 52.
Disclamer:
This analysis is for educational purpose only.
This is not a financial advice. Do your own research.
BTCUSD BULLISH OUTBRAKEThe latest price for BTCUSD is HKEX:29 ,292. It's up by 0.31% in the last 24 hours. 55% of days, the price of BTC closed above the opening. The maximum price ever recorded for one BTC is $67,505, it was 1 Year and a half ago, and currently, the price is down by -56.31% from that high. Movement upwards is more likely to be expected to fill some gaps. Trust in traditional banking is weakening over time and investors are seeking alternatives like the current king of crypto.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
GBPCAD - NEW BREAKOUT 📈Hello Traders 💖
On The Daily Time Frame The GBPCAD Broke The Major Key Level (Support Becomes Resistance Level)
and he Broke The Resistance Line ✔
Currently, The Price is testing 1.68195-1.68603 Support Level for Creating a new Higher Low 📈
If Price Stays Above The Key Zone, GBPCAD Can Continue The Bullish Move 📈
-----------
TARGET 1: 1.69930🎯
TARGET 2: 1.71650🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
AUDCHF - NEW BREAKOUT !HELLO TRADERS !
On The Daily Time Frame The AUDCHF Price Reached a Support Level !
Currently, The Support Level is Broken and becomes a New Resistance Level 🔥
The Price Formed a Descending Triangle Pattern !
so, I Expect a Bearish Move 📉
i'm waiting for a retest...
-----------
TARGET: 0.58800🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!