LUNABTC ASCENDING TRIANGLE BREAKOUT
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 lows.
The two lines form a triangle. Traders often watch for breakouts from triangle patterns
Hello every one
MATIC/USDT
MATIC is in an ASCENDING TRIANGLE and has broke The Said Pattern. It means the price has a Chance To of Ascending as much as The measured price movement (AB=CD). The Expected Target & Resistance is around 3.5$. MATIC is Claiming ATH after ATH right now So It is a Bit Risky To Invest a lot of money In it Because The Market Will Get...
Early stages of an ascending triangle formation
In 75% of cases, an ascending triangle is a continuation pattern.
Confluence
1) Fresh MACD cross below the zero line
2) Bullish MACD histogram with price divergence
3) We are above the 200 day EMA & the 200 day EMA is ascending
4) Price is above the 8-day EMA
Entry
Everyone should already have ETH in...
How I Trade The Ascending Triangle On US30
Engulfing Candlestick (Price Action Signal)
ENTER At Close Price of Candlestick at 35245.99
Inside Bars (Two Inside Bars indicates a strong bullish move)
ENTER At Close Price of Bull Candlestick at 35298.55
Here we are entering a new phase for short-term BTC .
Looking at the graph we now have two possibilities :
1: BTC break the resistence at 49/50 K
2: BTC is now forming an inverted triangle pattern .
In the first case we could be faced with a new bull run .
While in the second we would find ourselves in a pattern that would lead us to touch 42 K with a...
Massive ascending triangle forming. You don't want to miss out on this one
I would wait for a few more days to see if it is following the pattern. If it stays in the pattern until mid-late January, it will breakout hard to at least $150 if not even higher.
Just keep watching the chart. Don't act on emotions, don't act recklessly, don't be rash. I am personally...
The bear market on BTC at this moment would seem to be exclusively a mirage .
As can be seen from the weekly chart, on 12 October 2020 BTC started forming a perfect ascending triangle forming a superior resistance between 65,000 USD and 69,000 USD supported by a strongly bullish trend tested once so far in the area between 30,000 / 33,000 USD.
Furthermore,...
