Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. Welcome to your BTC/USDT Quick Update! The chart on a lower timeframe shows a breakout from the symmetrical triangle, indicating a potential bearish trend. However, strong support sits at the $59,000-$60,000 level. We might see a bounce from there. If we...
From its general trend at the 1h tf, which was broken it meaning its more likely to follow through with a triangle set up and that's why the trade was entered.
Following a test of a daily horizontal resistance, the EURNZD currency pair created a descending triangle pattern on a 4-hour time frame. The next support level appears to be at 1.7909, which is likely to be the target for sellers. To enter a trade, one could look for a retest of the broken neckline of the triangle.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
LEMONTREE formed an ascending triangle pattern on daily chart. With multiple support and resistance tested. Price broke out of resistance today with strong volume. Also note the low volume during consolidation and when price goes down indicating sellers are not willing to sell at lower price. This forms a good support for long opportunity. Moreover, the momentum...
After forming an ascending triangle ENPH made a lower high and broke the upward sloping support. After the break, it followed through with a back test of what was once support, turned into resistance. These are signs that the trend will continue to be bearish or sideways at best. the target is $73.71USD where it pivoted to make the previous local bottom.
Hello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it, after which started to trades in the range. Inside the range, the price rose to the top part and then turned around and declined lower than the 0.6085 level,...
Reliance ready to retrace !!!! Reliance is ready to retrace as per elliot wave theory, we will see correction in coming days
Xrp has some sort of bull pennant that it has been forming since the 2018 top and there are at least 4 potential top trendlines for it which I have showcased here with different colors. The green top trendline would be if the most valid pennant is an ascending triangle, the light pink line is for a cup n handle pattern, the brown trendline is jut connecting the...
After a significant decrease in value over the past two weeks, Ethereum has now stabilized and is showing signs of consolidation. A bullish accumulation pattern, specifically an ascending triangle formation on a 4-hour chart, is evident. The current focus is on testing the neckline of this pattern. A breakout above 3288, indicated by a 4-hour candle close,...
1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing...
I think we are going to have a false break out next week and then a hard pull back to uptrend line. This market loves to set up bears and bulls traps. Be careful.
🏃♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) . 📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a ...
Gold successfully broke through the neckline of an ascending triangle on a short-term chart and ended the day above it. This signals the strength of buyers and raises the likelihood of a broader bullish trend in the market. Following a retest of the breached level, buyers will be aiming for targets around 2360 to 2380.
- The chart is pretty self-explanatory - The price tests a 2 year old resistance trendline - The formation is one beautiful symmetric triangle that can have either outcome - The consolidation has been solid so far. This means The momentum may be really good. - The PE ratio is stagnant with the price - Do check out our take on JSW Steel in the suggested ideas...
Major trend. This idea is a continuation of a closed idea on this pampa coin published 1.5 years ago before a series of significant pumping (in a bear market) in the process of forming a channel with a wide range. PUNDIX/USDT Major trend. Downtrend channel. Pivot zone The main trend is a descending channel. Now the volatility is narrowing under the descending...
HUDCO formed an ascending triangle pattern on daily chart. With multiple support and resistance level tested. Price has been consolidating for some time now. Price broke out of resistance today with high volume indicating bulls are out there to drive the price higher. However, wait for the next candle to close above breakout candle high. This would give us some...
just random analysis based on support and resistance based on psychology.