A bearish bat with my favorite ascending triangle can be a bit tricky for the decision making for this setup.
I will wait and see how the market react at the blue trendline, a break and close below the blue trendline will make the ascending triangle invalid, however, if the market didn't break and close below the bullish trendline(blue) I will unlikely let place...
* Short term (Few hours-26/08, including Sunday weekly closing candle and Monday reaction):
- We are right below the 4h and 1h clouds testing, also right below the sma200 - all this at the 10100-1215 zone, rejection will cause pull down below the symmetrical triangle which will mean that we are going to test the 9080-9480 again..
- Succeeding in overcome the 1h...
The price has formed an ascending triangle so we are waiting for rupture and to close above the resistance in order to enter the buy.
MACD momentum and change of trend was confirmed and should be on the checklist for confirmation.
Also, RSI should be checked once it breaks the top to use it as a confirmation or a pullback.
Comment your ideas!
I sure hope not, but hope isn't a good investment strategy.
There was a descending triangle on a smaller time frame that broke to the downside but quickly regained traction to end up playing out as a bull flag.
It would be nice to see this turn out as a giant bull flag or ascending triangle, but those red candle sticks look hella bearish..
Time will tell per usual.
An inverted Ascending Triangle setup for a buying opportunity. A break and close above show a high tenancy of the market heading higher. So if the market head higher where would it most likely goes to? The previous high of the bearish bat entry point?
Long from the current price is both a breakout and counter trend trading setup.
Traders who are looking at a...
Sorry for my absence but i'm back.
This is a sell set up based on the fact that the price is forming an ascending triangle with a false break so we are expecting the price to break the trendline and head downwards.
We should wait until the price has crossed the next support zone.
Comment your thoughts!
0x: Decentralized Exchange
Triangles may appear mostly as ascending or descending pattern. But even more, interestingly, they form as reversal patterns too.
A triangle as a reversal pattern doesn’t suit every trader. Conservative traders won’t risk trading it.
However, aggressive ones will always look for a solid risk-reward ratio. A triangle chart pattern...
Bullish setup on the LINK?USD chart. Long term wedge is looking for a breakout. On top of that, there is an ascending triangle that is looking to breakout as well. If this triangle breaks out like it should, the wedge will break as well. I am targeting $3.30 price target in the short term. This is definitely in play with the hype around the Web3 Summit this week.
Very nice movement, so far we struggle with exactly spot on of the edge of the symmetrical triangle...
we might correct towards the sma200 and the 4h+1h clouds which are all at the 10100-10215 zone, but since we are really struggling at these point to me it looks like we are going to get rejected (Especially since the volume buying power keeps on dropping)... if...
As part of my studies of the triangle patterns i try to test the theory .
If this is a classic Ascending triangle, ill expect a breakout in the end of next week with a sharp increase in volume.
One of my donuts i have right now is the time dimension of This triangle
Usually The formation of a triangle is more then a month.
"Just 4 the study"
If a breakout occurs, the Risk Reward would be fantastic considering the hypothetical recovery of this Gap on a company with solid fundamentals like Biogen Incorporation.
Have you set up alerts?
After calling the Cup and Handle breakout back in June - - and riding it up to the target, we are now finding a bullish ascending triangle forming which should bring us to our next price target of $5.60-$6.04 depending on the actual height of the triangle.
To get more frequent...