Symmetrical TriangleWe can see the configuration of a symmetrical triangle on the price of gold. An upward breakout is currently underway, volumes have been decreasing during the formation of this symmetrical triangle. A sudden increase in volumes remains possible, given the current context and the rather hawkish monetary policies of central banks which could promote a panic in the markets (already on the edge) and therefore encourage investors to buy gold !
Trianglesimetric
ADA symmetric triangle on the verge of breakoutSymmetric triangles are a well known pattern, in which price forms lower highs and higher lows following two sloping trend lines that eventually intersect.
According to Bulkowski identification guidelines, we should be looking for
-duration of 3 weeks minimum
-volume decreasing throughout formation
-price touching both sides of the formation boundaries several times
In case of an upwards breakout, which is quite probable in a bull market, we should add the height of the formation to the price breakout to set our target price, and SL below the down limit of the triangle.
Let's see how it plays out!
Cardano it's leading to $3 dollar!!! My next prediction!!!Cardano price still stable, in this week, Cardano invalided the continuation of the down to $0.80 cents and the price it'
s still into this accumulation zone. For that, Cardano holder are extremely optimistic in this cryptocurrency. We see that I have a bullishsetup that Cardano it's leading to $3 dollar, that it's my next prediciton to reach in Cardano.
s3.tradingview.com
But if you looking in 3 Daily timeframe, in medium term, Cardano it's leading to the next parabolic trend to $10 dollar in medium term. Guys, this will be a big news for Cardano!!!
That is it.
And I wanting to say you a thing, Cardano it's the best cryptocurrency that I never know, for that, this cryptocurrency have a lot fundamentals key that Cardano introduce smart contract, Non Fungible Tokens and Cardano want to crate a DEFI ecosystem, that the great masses will bring a lot adoption for this cryptocurrency in the near future. Cardano it's my opportunity. Also, I thinking to sell all my cryptoucrrencies to Cardano, it's mean, I interesting to invest all in Cardano. Based in my opinion, Cardano it's a giant cryptocurrency that could to bring us a big adoption in these thing that I mentioned like DEFI, Non Fungible Tokens and smart contract. Cardano it's 100x more scalabe and so powerful than Ethereum that could to make a revolution in the Blockchain industry then and the next years. For that, Cardano it's a best cryptoucrrency Now, Ethereum it's the second biggest cryptucrrency and so powerful that it's similar with Cardano if we compared it. The only that Cardano have a small difference in the scability and the fundamentals key. I hold 11,234 Cardano coins, but I thinking to sell Bitcoin, Ethereum, Chainlink, XRP, EOS and Tezos to sell all these to buy Cardano. If right now, I going to sell XRP, i get like 5,200 Cardano coins more, in what I have in hold 4,534 XRP coins. In Chainlink I have just 63 Link, and I get like 1,600 Cardano approximately. And Ethereum I hold just 4.67 ETH. And well, in that case, I can to get so near of 8,000 Cardano coins. And the next coins like Bitcoin, EOS and Tezos, maybe, I will going to check. But, looking in that, that mean that if I make to sell my cryptoucrrencies, I can to get over 20,000 Cardano coins if I make it. But it's ok, so, I make trading too, and well, if I make it, I can to get much Cardano just using a strategy to get a compound interest to invest in Cardano. I have an approximately that I can to get at least 30,000 Cardano coins in the end of this year. For that, I true more in Cardano, that it's the unique cryptucrrency that I have a lot eyes in this proyect and I'm so enthusiastic in this cryptocurrency that I would like to be part of Cardano team to contribute goals and ideas to support this cryptoucrrency by long term. Well, in based in my cryptoucrrecy like XRP, Chainlink, Ethereum and others that I have in my radar, notice one thing, I believe that Cardano make a lot competence of these cryptocurrency and this cryptocurrency could be into the Fintech technology for the Blockchain technology. For that, smart contract in Cardano could to jump the price to up and a ecosystem so industrialized to create tokens based in Cardano or cryptocurrency in Cardano, for that, I don't have any doubt that Cardano in the next years will bring us a big surprise for us. But, I thinking to sell all my crypto for Cardano, and trying to reach the 30,000 Cardano the less having in hold just making trading.
EUR/USD has an indication what the price doesn't have force!!!Hello, I want to show you a short technical analsisi and simple. Now, I am watching and yesterday I make a technical analsis what EUR/USD is in this moment a formation in a armonic pattern. Now, in H4 timeframe the price doesn't have force to continue upper the price, look how so long is this wick and it's extremely important what kind of candlestick its. So, this is a possible that the price is now arrive at the same some what I selected in green black what is a good opportunitie. Wow, Forex it;s make anything so of their movement and we can to use price action combined with supply and demand.
Ethereum into the simetric triangle from JUL 2018, Accumulation?Hello, in this technical and special analysis for Ethereum I see that Ethereum is into the great zone of accumulation began from 2018 to actually. So, it;s very strange what Ethereum is so prepared to a bullish cycle in the future. So, lets me see any thing. Ethereum has complete the Elliot wave ABCDE, and now later of the E, I see that Ethereum want to going to broke up the simetric triangle. And this reprresent a bullish cycle between finally on 2020 and 2021, so wich is represent a new altseason epiosdes. But, for there we need to check out the Bitcoin and Etherum Dominance to see if Ethereum going up and Bitcoin stay consolidated in this altseason possible.
Now, look above what I add this screenshoot in daily timeframe. We are in the elliot wave 12345. Now, we a re in the possible retrocement approximmately in $190 USD each Ether and later to continue the last elliot wave # 5. And there, Ethereum must be to leave at $250 USD approximattely to complete the last elliot wave. So, when Ethereum going in this zone, we need to check up what Ethereum will do if accomplish the drop of Bitcoin price to going to accumulate more Bitcoin as Ethereum, or just Ethereum going to the moon and Bitcoin it's drop seem a new altseason. But, this theory, we need to check the Bitcoin dominance and Ethereum dominace what this cryptocurrency will do as a indicator factor.
But, some in the moment we can to trade Ethereum in H4 and H1 technical analysis to earn money while Bitcoin and Ethereum take decision in the big timeframe!!!
Don't missing my technical analysis for there situation and investigate there!!!
RVN Symmetrical Triangle 50/50. Pivot Points. Price clamped.RVN / BTC on the coin a month ago a downward wedge was formed, which was broken up. In this regard, a local upward trend for 1 month has formed. This trend gave a price increase of + 52%. Then the local uptrend changed to a downtrend and the price returned back to the purchase zone.
Also in the purchase area you can see a huge shadow of 18%. They directed the price there specially, broke through the previous support, collected liquidity, as most traders thought that there would be a continuation of the downtrend. But it was not there. We collected all the liquidity at the lowest prices and pulled the price of the bistro up 18%. I think that the one who worked the stop loss under the support will not want to buy a coin more expensive by + 18%. Passengers are thrown off .
The coin has a clear presence of a major player who skillfully manipulates the price. At the moment, a symmetrical triangle has formed on the coin. The chances of a breakthrough rise / fall in such formations are 50/50. The price is in the corner. Coming soon.
Entrance on the breakthrough of the triangle. Or at a rollback of the price, depending on who has what strategy and manner of trading. I don’t specifically write about stop loss, it is a moot point to use on such coins. You yourself see how the shadow of a candle collected stop loss from the crowd. What matters here is not the size of the stop loss, but the moment you enter the trade and understanding what is happening. I showed all levels and pivot points on the chart.
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I have been trading this coin for several months. Here are the old trading ideas that worked well.
RVN. Cycle. Coin for the pumps. Global target. Published September 17th.
RVN Falling Wedge. First target + 30% Figure potential + 100% Published September 17th.
And the result after 3 weeks + 50% If you do not trade on the waves, and so much more profit.
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Symmetrical triangle.
The figure is a symmetrical triangle is a very common figure, which does not have a pronounced direction, as it is characterized by a balance between supply and demand. 50/50. The figure is formed of two converging lines (resistance line and support line). The intersection of these lines is called the top of the triangle. The amplitude of fluctuations within the figure decreases, as indicators of trade volume gradually decrease. Support and resistance lines have equal angles of inclination. This triangle shape resembles an isosceles triangle when the bisector divides it exactly in half (pink line).
The price when breaking through a triangle can go both up and down. You need to understand that this model of a triangle gives a chance to go up or down in a ratio of 50/50. In such models it is very important to work from the situation.
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Features to which you should pay attention when forming this model of a figure.
1) There must be a minimum of 4 points of contact 2 touches to the ascending line of support and 2 to the descending line of resistance. Then later touch points on both sides should tend toward the horizontal center of the triangle. And it is worth noting that the more points of contact, the more reliable the figure.
2) The trading volume as the formation of the figure should decrease.
3) if inside the symmetric triangle (component of the triangle wave) the price increase is accompanied by an increase in volume indicators, then it is most likely that the figure will be broken up. And vice versa, if inside a symmetrical triangle a price drop is accompanied by an increase in volume indicators, then most likely the figure will be broken down. Do not forget to look in the tape of sales.
4) The ideal moment for a breakthrough is considered to be the moment starting from half to 3/4 of the figure. A break in the first half of the figure, as a rule, turns out to be premature, and in its last quarter, most likely, will be insignificant.
5) Symmetric (isosceles) triangle - a figure of the continuation of the trend. Most likely, the price will break through the support / resistance level and go in the direction of the trend. This is in most cases. It happens that an isosceles triangle reverses the trend. The direction of the price movement depends on the side on which the price has left the figure. Therefore, the direction of the price movement into which the triangle made its way, rather than the previous trend, is more important. A symmetrical triangle can very rarely reverse a trend.
6) the proximity of significant levels of support / resistance can also affect the direction of price movement.
7) Sometimes, the horizontal center of the triangle becomes a line of support or resistance (pink line in the picture).
8) If the upper resistance line has been broken, it becomes a support line. The broken bottom support line later becomes a resistance line. Sometimes after breaking through the price as a result of correction may temporarily return to this line.
9) The breakthrough of the figure should be convincing. It is desirable that a breakthrough in the direction of the dominant trend be accompanied by an increase in trading volume. When breaking against the trend, a sharp increase in trading volume is a prerequisite for confirmation.
10) An important breakthrough is not so important, namely, fixing the price outside of support / resistance.
11) The goal when working out a symmetrical triangle after a breakthrough is equal to the absolute value of the base (the widest part of the triangle) added to the price exit point.
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The target of practicing the shape of a symmetrical triangle.
The target of working out the figure is equal to the height of the widest part of the "Symmetrical Triangle" (price range from support to the highest peak). We measure the distance of the widest part of the figure and debug it down at the point of breakthrough of the triangle.