NSE:ORIENTBELL Broke out of an ascending triangle pattern. Breakout candle is excellent - Gap up and huge volumes. Price is also above its all time high. A price action trade can be taken in this script with conservative buying and position sizing because of weak markets. Enter 10% of position at C.M.P and the rest after retrace. Expect bigger momentum if the...
Ascending triangle forming. With earnings report right around the corner, I think this would be a good play pre / post earnings.
Here is a quick BTC 4hr Chart update. At the moment, BTC is in an Ascending Triangle Pattern on this 4hr timeframe. An Ascending Triangle Pattern is a potential Bullish Continuation Pattern. At the moment, BTC is above its Bollinger Bands Middle Bands Basis 20 period SMA on this 4hr timeframe. At the moment, BTC is above its Least Squares Moving Average (LSMA)...
Just making this chart for education, for what can happen here. This is only if the trend line hold up or we will see a down fall to the 30´s - but lets see where it wanna go. An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend
BINANCE:FLUXUSDT is another hype crypto that is probably another scam. Regardless, the chart shows a technical setup that can return 28% once confirmed by breaking above the ascending triangle reaching a target of $2.168. At the same time, we see a unique RSI pattern. There are three lows in price aligning with three lows in RSI which I have marked with vertical...
- The huge CME gap on bitcon futures has been filled on the weekly time frame. - Also we have a bullish reversal candle - hammer, which indicates trend reversal. - The price is printing higher highs and higher lows, that is ofcourse very bullish. - ABC correctnon (5-3-5) completed successfully (see my related idea for detailed Elliott Wave count below).
TSX:U.U is showing an ascending triangle on the hourly that spans the past eight trading days. This is a simple trade with the stop loss below the swing low and the target at the height of the triangle. Gives us a 6.83% potential profit to 3.1% potential loss, a reward-risk ratio of 2.22. Of course that depends on whether the triangle breaks upwards in the first...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT DOMINANCE is a leading indicator of bull or bear market. You can get an idea of the whole cryptocurrency market by looking at the chart of USDT.D I'll try to keep my chart very simple. USDT Dominance is near at the major resistance...
Hi traders, The Weekly Candles of Ethereum-Bitcoin (ETHBTC) is forming something similar to an ascending triangle. However, the price action is testing the support and it looks like it is in a hard spot right now. Good chance it bounces though, but the real question is, What will happen to the price when it does break one of these s/r lines? Safe trading, -Pulkanator
NSE:GATI broke out of an ascending triangle and gave retest 2 times. Breakout volumes and volumes on the buy side are significantly more than the selling/retracement candles. A trade can be taken after price crosses and sustains 220 levels. Targets: 250/300 Place a deeper sl below 185 1:2 RR, high probability trade. Position size accordingly. HAPPY TRADING!
NSE:INFOBEAN broke out from an ascending triangle (cup and handle) consolidation pattern and gave a retest after a very bullish uptrend, suggesting a trend continuation. Breakout volumes are very high, hitting fresh all time highs. One can enter entire position after price crosses and sustains the psychological 600 levels and hold for 1000 targets. Shown setup...
- Swipe looks terrible on the daily / weekly timeframe. - We have a descending triangle that is currently breaking down. - I do not see any bullishness on this chart. - Another 57% DROP is expected, then we can retest the triangle.
NSE:PFS has a good price action structure. It was consolidating in a bullish ascending triangle pattern from which it broke out and gave huge momentum. Volumes are the highest since 52 weeks. A good sign of strength. Similar to Adani green, I expect some sort of retrace in the coming days to make a fresh entry. Stop loss placed below the recent swing low for...
BTCUSDT finds itself, again, in an ascending triangle. Should this pattern complete we move up to around 38-40K
- If you want to buy gold on Binance or any other crypto exchange, you can buy PAXG, which seems like a good alternative to traditional ways. - You don't need a bank account or brokers to speculate on GOLD price - You can buy gold (PAXG) with bitcoin or USDT. - It is possible to use leverage on FTX with PAXGPERP futures. - PAXG is practically copying the price of...
If you remember what we spoke about last week you would have seen how the market fell and was held by the trendline which is part of the Ascending Triangle. You would also notice how the candle respects the trendline, bounce off of it and refused to break and close below the trendline. If you had shorted when the market break and close below the support you...
- ATOM is one of the greatest looking coins at this moment on Binance. - We can see on the weekly chart an inverse head and shoulders pattern with tripple TOP resistance. - ALL coins dropped hard, but ATOM's uptrend is still intact as the ascending channel still holds. - Check my related idea about ATOMBTC chart below! It is very bullish.
I plan to do a more comprehensive writeup on each cycle but one thing is clear- on higher timeframes Bitcoin is posting a distinct pattern this cycle, and a complete deviation from historical norms. In fact, you might reasonably suggest that based on the pattern alone, this is a bullish trajectory. That said, obviously we have layers of complexity here,...