Following reversal around .25 we see a triangle pattern being formed.
24/12/18 we saw a breakout with a new high around .273
Pullback saw resistance at .267 become new support.
Here we buy expecting a long breakout.
Target 1: 1.27
Target 2: 1.273
Target 3: 1.28
The Dollar has retraced towards it Fibonaci level of 61.8% since its high in the beginning of January 2017. It has now found resistance at that level of $97.82, testing it since November 2018.
Simultaneously, there has been an ascending triangle forming. You can see the base taking shape in March 2018. Usually this would imply a bullish breakout waiting to...
The corrective moove of eos seems to be stronger as I supposed in my previous analysis.
Actually is moving in an ascending triangle which is a clear sign of strenght considering the last impulse.
If it break above then 3.4 usd is the first target, 4.2 dollars it will be in my opinion impenetrable.
BIO
Hey traders,
Looking at POLONIEX:ETHBTC and has a bullish cross as well as an ascending triangle. This is great for a potential short term investment. With all the altcoins going up right now this is definitely a good pick with the reversal trend that is currently occurring.
Good luck to everyone in the altcoins rally!
Ethereum has formed five Elliott, and the price also hit a major support of the expanding ascending triangle. These confluent factors suggest a correction soon to at least the 0.382 fib level or the bottom of the triangle, maybe even deeper. However, the five impulse waves suggest that ETH's trend changed and it's the beginning of a bull run or it is forming some...
DOUBLE PATTERN CONFLUENCE OF EVIDENCE TO INDICATE A VERY BULLISH 2019 START FOR XRP/BTC
-BULLISH PENNANT(FLAG)
-MASSIVE INVERTED HEAD AND SHOULDERS
SHOULD PLAY OUT BEFORE END OF JANUARY WHERE I ALSO BELIEVE A CORRECTIVE WAVE WILL HIT BTC, SENDING IT BACK TO POSSIBLE NEW LOWS.
THIS CONVERGENCE OF EVENTS POINTS TO A HIGHLY POSSIBLE BULLISH RUN FOR XRP.
Been keeping my eye on this pair and it seems we are in an ascending triangle and approaching a strong resistance. I'll go short @ 1.5775.By the way, I'm a few weeks old into forex trading and would love to hear what you thick of my idea, Thanks
The USOIL chart seems to be stuck in a nasty range in the daily timeframe, and price has been bouncing off support and resistance levels. I am expecting the price to reach a level somewhere close to $53.95 a barrel, and i will place a sell trade around this area. The build up of prices is also reflected in the RSI which shows some overbought conditions. However,...
Got in after the breakout of the ascending triangle as the price was retesting the horizontal price level of the triangle. Stop loss was under one of the triangle's local lows. Profit target is around November 30th highs.
(Posted post factum)
From the chart, we could see that BTCUSD had failed several times to break the 3800 price level.
An ascending triangle is shown in the chart.
This is not a financial/trading advice.
Goodluck!
cryptovan168
we have both double top and ascending triangle. to see what happens , we must control both the resistance and support zone. if we break support zone double top will work and if we break resistance zone (in the triangle) ascending triangle will work. lets see what will happen
