Here we have a 4h chart of CHZ with the price situating in a decisive zone, this is a strong resistance, breaking it will mean that chz will blast and go to higher but if it fails to break out this level it will be a bearish sign and the price will tend to reach lower levels.
At the moment in my opinion a break to the upside is more likely due to...
Market just broke a a downtrend and formed a bullish triangle pattern and broke it upwards and closed 3 candles above the pattern, now it is doing a retrace if after a retrace we get a candle closed above 26.60 zone that is our signal to entry
Both targets are at liquidity zones.
Target 2: 41.30
Usually, I don't watch ETH, but this seems to be a no brainer:
The triangle pattern got broken on a weekly scale to the upside.
+ Price seems to close above the 50's weekly MA.
My price target is around 4125 USD. Then we need to re-evaluate the market.
Market formed a bullish triangle pattern and is close to breaking out we are expecting to bounce off of a 50% fib zone and break out trough the top and reach the top of triangle.
AROON: Is showing bullish momentum gain (Orange line crossed blue one)
GOLD. Back to "Bullish Triangle" Idea. GOLD's price may still "containing" within a big range :- <1900-1700 > ..before a "clear date for actual rate hiking counts plan" announcement from FED right before/after May 2022?...
From a purely technical standpoint - this chart pattern is bullish. If you ignore the ugly spike on November 11th, this is a nice symmetric triangle which, as it occurs in a bullish trend, is more likely to get resolved to the upside.
Of course, it all depends on what BTC is doing, but the likelyhood that the trend will continue in the 1st half of next week is a...
K eep I t S imple S tupid - also in Bitcoin.
I've drawn a triangle over the chart in D1 and a bigger triangle in W1. Using only the daily resp. weekly closing prices. And this triangle looks valid to me.
I've seen people drawing wedges or flags in the charts but the triangle is a more reliable chart pattern. So it may take a few days in the daily chart or 1-2...
AI is confident in "short".
It's not an invalidation.
Long-term, however, could be "long".
We might buy back lower.
To trade this bullish triangle.
Pattern: ascending triangle.
Marked the post neutral.
So, followers don't have to close "short".