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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...
- 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,...
BSE:HINDHARD Broke out of a multi-decade old resistance of 190 levels and started consolidating in an ascending triangle pattern from which it broke out.
There seems to be heavy profit booking at the moment. One can enter after price makes a green candle.
Low volume script, volatility is extremely high.
Breakout volumes look very bullish. Track closely and...
NSE:LOKESHMACH broke out of a bullish ascending triangle pattern and now is consolidating in a range.
Following the price action, one can enter 20-30% position at C.M.P
Enter with rest after a breakout from this range or after price takes support in the range.
Targets:90/100
Sl- below 70
1:2 trade. Breakout momentum looks good. likelihood of target being hit...
big structure on usdzar which may take long to play out although the pair is correcting but looking at the momentum is still bullish to me....
USDZAR love these kind of patterns.
Ascending and descending patterns,
NSE:ADANIGREEN broke out from 1 YEAR OLD ascending triangle pattern and gave excellent momentum in 1 week.
Expecting a profit booking or some sort of small retrace before the next move.
Track this stock in your watchlist and set alerts at fibonacci retracements pivots. (2 of them marked on chart)
Wait for confirmation and enter with stoploss below the...
LOOKS/USDT ASCENDING TRIANGLE BREAKOUT
Support: $5.45/$5.05/$4.75/$4.25/ $4.00/ $3.75/ $3.50/ $3.00
Resistance: $5.75/$6.00/ $6.25/ $6.55/$7.00
An ascending triangle is a chart pattern used in technical analysis .
It is created by price moves that allow for a horizontal line to be drawn along the swing highs,
and a rising trendline to be drawn along the swing...
