This type of triangle chart pattern occurs when there are a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evidenced by the higher lows. If you think bulls can take the ball away up to the horizontal line...
Today’s analysis will focus on Bitcoins immediate price action; it is consolidating under key resistance which is quite bullish, although the macro trend is still bearish.
Points to consider,
- Macro trend bearish
- Consolidation under local resistance
- Current support (100 and 21 EMA)
- RSI respecting trend
- Stochastics projected down...
After BINANCE:DATABTC insane pump a few days ago, an ascending triangle formation seems to have taken place, while the volume slowly decreases we might see a last hurrah pump.
This is quite a risky trade so take that in consideration for position size.
Target 1: 0.00000596
Target 2: 0.00000725
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EURONEXT:BFIT is making a beautiful ascending triangle on a good volume. This is my top pick to watch and go long because it has enough fuel left. Lost over 70% of its value because of the Coronavirus but it's a great growth company (successful gym business in Europe). You can trade Basic-Fit on the Dutch Euronext stock Exchange (Amsterdam).
Despite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes.
The symmetrical triangle has held so far and the bullish sequential countdown is still in play.
Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical triangle.
Main Support/Resistance Lines
1. The first main trend line is the older one begging from the 90s
2. The second main trend line is an uptrend and begin around 2015
3.The third main trend line begins...
Should be safe buy with Corona Virus concerns. Expecting a bounce as more money is shifted into safe companies like Kellogg's.
Volume is increasing, could continue downtrend but seems to have good risk/reward with a sell target between 65 and 70.
The BTC price has been consolidating inside a short-term range since March 13. IT is currently in the upper portion of the range and has created an ascending triangle (right picture). A breakout from this pattern is expected. A breakout that travels the entire height of the pattern would take the price all the way to $6100, reaching the high of March 12 and the...
The ascending triangle is seen 3 weeks after the price drop from $9100.
Open limited position if the pair breakout the triangle.
Add more position when price breakout each 2 resistances at $ 7650 and $ 8500.
Currently trade above the EMA(20) and EMA(50) 4-hr candles, even with golden cross.
The pair tend to consolidate between...
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So this is a bit different that what I ususally do. Normaly I don't post any charts of smaller cap altcoins and only
refer to the bigger ones, such as Litecoin and Ethereum.
Nonetheless, ZRX price movements look quite promising and have a...