GBPUSD. Enter on a price action signal at the horizontal support level and EMA 10 EMA 20 level. There were three or four higher lows that occurred prior to the breakout of the horizontal level. The horizontal level has three or more touches.
Hello everyone
On Ethereum we got what it seemed to be an ascending triangle which is a bullish pattern. The upper line indicates the resistance line.
We could calculate the target by measuring the width of the base of the triangle and placing it at the break out point.
We broke and the price surpassed the target by a little bit.
Currenty it seems like we are...
- If we take a look at the chart, we can definitely spot an ascending triangle .
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin (rank 16) is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)...
- Cardano is currently breaking out to new ALL TIME HIGHS!
- On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs.
- Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish .
- We will experience an acceleration to the upside in a few days!
- Profit target is 0.618 FIB extension, which is...
Price currently ranges in ascending triangle.
Would expect the price to breakout high from the triangle and rebound from the major bear trendline.
LEAVE A LIKE AND A COMMENT - I appreciate every support!
After multiple attempts of price trying to break the resistance zone , it finally does with momentum and is now looking to retest the zone area as our new support. Price has formed a head and shoulders pattern as well as a rising triangle which accounts for a solid confluence. Now we await signs of gained bullish momentum to make our entry with our tp at the next...
ASCENDING TRIANGLE PATTERN FORMED!!
Too many fake breakouts but Gave again one breakout!!
Taking a pull back and can move again!!
Do check volume!!
Target= 666.25/670
Stop Loss=635/630
200 EMA GIVING A GOOD SUPPORT!
(The above analysis is only for study purpose do not take it as any buy or sell call!!)
Gold Oct Long
ascending Triangle breakout
Buy at CMP- 47160
SL- 47029
Target- 47330, 47425, 47525
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
The major down trendline which lasted a month (Jul 30th) had finally break through.
The new trend may started if the price ranges between the ascending triangle pennant.
For bulls trade, wait for the retest at the downside of the ascending triangle before entering the trade.
An update on the ascending triangle pattern that we were looking at yesterday on the GBPJPY along with a conversation on how price patterns can morph & change over time.
