The Macro trends of 2022 are no secret to any of us. Sky rocketing inflation and the war in Ukraine have lead to soaring energy costs around the world. As a result, Oil has seen a period of extreme volatility, reaching a high of closing high price of 129.44 on March 8th. As a result, the XLE has followed suit and is up about +30% year to date. Exxon, the largest...
If you like the idea kindly like, follow and support me. NSE:BIOCON has formed 2 beautiful chart patterns i.e. Ascending Triangle and Cup & Handle Pattern. It is trying to go for a breakout but the real rally may begin above 353. It is having a support zone of 325-330. Ideally, the target of Cup & Handle Pattern is the height of the Cup and stoploss is the...
Price has broken out of a major ascending triangle It has made higher high and higher lows from a mini support level with a bullish engulfing candle. Here is the play I will be taking on this pair: MARKET BUY NOW P = 161.999 SL = 161.460 - 56 PIPS TP = 164.020 - 200 PIPS
There is Ascending Triangle bullish pattern on $BTC today.. #BTC #BullishPattern #Bitcoin
- Litecoin is currently breaking out of the bullish blue pennant on the daily chart! - Looks like retest is done and we can continue to the upside. - We have a huge falling wedge on the weekly timeframe, but bulls still need to confirm their bias.
CHFJPY has hit all time record with this mad bull run we have seen in the past months. We are currently in an ascending triangle and we do believe price will break out bullish. The TP's you can see cover the gap between the break up to the yearly highs last year. Altogether there is a nice 200 pip move if we do fill this setup
EURUSD has been bearish for quite some time now and a break bearish would not be surprising at all, as soon as we close below support we will be entering
the price is going to retest the key level of 98.75 (weekly resistance) On the daily timeframe, the price flipped the 90$ area and retested as new support. On 4h timeframe, the price is creating an ascending change below the main resistance. How to approach? For the bullish scenario, the price needs to have a new breakout from the weekly and ascending channel...
swing trade 179.50 based on the AD showing me an ascending triangle target 179.50
- IOST is very bullish on the weekly chart. - We have an ascending triangle, which indicates us huge bullish pressure. - 1.618 FIB extension profit target from first waves. - Volume is definitely bullish as you can see.
OANDA:GBPUSD GBPUSD broke structure and made a retest on resistance along with a bearish engulfing candle
U.S. Dollar/Canadian Dollar forming an ascending triangle in formation that we need to hope an entry to long position in USD/CAD. This trade have a projection to find up 87 pips. Meanwhile, it's required to hope the economical news in U.S. Dollar and Canadian Dollar and what will be happen for tomorrow combining with this technical analysis. This it's the H4...
- FTT token is very bullish on the higher time frames. - Currently the price is breaking out of an ascending triangle - one of the most bullish patterns. - Also we have a descending channel breakout, which indicates us bullish trend reversal. - Next profit target is the all time high level, but in my opinion it will go much higher. - The price is now finally above...
- eCash is turning bullish, right now the coin is breaking out of the bullish rectangle. - On the daily chart we can spot a double bottom reversal pattern + trendline breakout. - Profit target is previous all time high. - The neckline is breaking out and volume favors bulls.
BTCUSD This pattern confirms as a valid one if the price closes above the resistance line.
Stock gave breakout from descending triangle pattern! Can be bought @cmp for target of 1065. Take SL at 840. R:R is 2.22 if bought at 910.
- LUNA rank 9 on coinmarketcap. - We have a massive ascending parallel channel on the daily chart and it's very likely to touch the upper trendline of the channel. - Currently we can see a tripple top resistance, which usually leads to a great breakout. - You can sell LUNA at the top of the channel on logarithmic scale.
It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing...