First went long at $39.600, then bought some more at $41.180 (kinda nailed the retracement). Current average price is §40.390, so were in small profit at this point, around 3.3%. As long as we can stay above the diagonal support trendline oft he ascending triangle I am bullish on BTC. It looks to me as if we have gained supprt at the trendline together with the...
Hello All,
I wanted to update on last week's close potential short signal on the AUD/JPY pair.
Last week at close I mentioned that there was a potential short signal on the AUD/JPY pair. I also mentioned that price might spike a little higher before fall.
Though admittedly price did spike a little higher than I anticipated, it was nothing drastic and the short...
ARPA made a big symmetrical triangle and now the price is squeezing within an ascending triangle.
The best part is it is trading above ema200 and holding it.
Once we see a big volume breakout targets are on chart.
Where can we feel the impact of high inflation most directly in our daily lives? Food and energy! Livestock is a market that certainly deserves more of our attention. Surging energy prices (especially natural gas) have led to high fertilizer prices, which pushed up grain prices. Eventually, that gets translated into higher prices for livestock which are heavily...
The crypto market is giving bullisg signs. TRADESTATION:BTCUSD made a good breakout from an ascending triangle and now is making a flag pattern. A breakout from this zone should confirm the next bull run for crypto. Even stocks with influence on the crypto market are looking good, like NYSE:SI , which I have it on my watchlist,
I will take a position on the...
- Bitcoin is currently breaking out of the falling wedge pattern on the 4h chart!
- Probably this could be a final consolidation and now we are heading to a great uptrend.
- We have found a support on the previous triangle POC, which you can see on the chart.
- I think we are definitely ready for a massive uptrend!
The price is creating an ascending channel after a clear rejection from 0.31$ weekly ressirance
On the 4h timeframe the price is testing the monthly support on 0.25$ support level
How to approach?
IF the price is going to lose the 4h support and retest as new resistance According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple...
Overall trend on a daily timeframe is downtrend forming a descending triangle (black line).
the major support line (0.78% Fibonacci retracement level is the $0.5546
on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black...
A little take on ATOM.
Weekly got Charted here.
It seems that ATOM could be moving within an Ascending Triangle. An Ascending Triangle is a "Bullish" continuation pattern, so this means if Price comes in, in an Uptrend there's a higher probability that it will break higher and vice versa.
I did use the Heikin Ashi candle in this chart, since it gives you a...
Hello everyone, we have been seeing bullish movement for the previous months as there has been weakness in the Yen currency.
Liquidity has been established at the 100.182 price point from March 28th for Cadjpy. Price is now approaching that same liquidity level in the formation of an ascending triangle.
Will be waiting for the break and retest of the liquidity...
LRC is ready for the potential ascending triangle breakout, if the it breakout successfully then we can expect a sharp upward movement.
We will post more updates as price moves.
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Cheers
GreenCrypto Team
- As per my Elliott Wave count - we should be in the end of the current downtrend.
- Impulse Elliott wave is completed with 5 successful waves.
- We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation.
- I think wave 4 is a resistance and we can target this level (around 31 USDT).
- On the RSI...
Price has broken above resistance on a ascending triangle.
It has retested the old resistance as new support and currently has a hammer candle that has formed.
Plenty of room to move up on top of the DXY being strong this morning.
CHF/JPY is approaching a Daily High with an Ascending Triangle on H4.
Looking to capitalize off of it in either direction.
In stock market or crypto it has a higher chance of breaking to the upside but with currencies we have to be more cautious,
so will trade accordingly, waiting for the break to either direction and then execute our position on the retest.
Not a...
Looks Like ATOMUSDT is at the bottom of its ascending channel and on demand zone. It can move at the bottom a bit and go up or create a fake break out as it did before and travel to the top of its channel.
Comments please..
This is not a financial advice.. Please DYOR before opening any position.
Cheers
