What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or...
Bitcoin (BTCUSD) broke above the 1D MA50 (blue trend-line) again today and is very close to registering the first 1D candle closing above it since August 01. At the same time it broke above the Lower Highs of the Falling Wedge pattern that started on the July 13 High.
If it succeeds today in closing above it, we hav e high probabilities of seeing the bullish...
Hi guys! This is an Update on recent Technical developments found for Coinbase (COIN).
I've successfully identified the Inverse Head & Shoulders Pattern. Check out that idea down below.
We have completed the Return Rally back to test Support on the Neckline. Now ive been assessing if there are signs that we continue the Inverse Head and Shoulders with our final...
$CREAM Performed Bullish Symmetrical in 2hr TF
What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a...
Pepe (PEPEUSD) is trading within a Falling Wedge ever since the first sell-off and sits below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) which made a double rejection on the latest Lower High on August 14 2023.
The 1D MACD is already on a strong post Bullish Cross sequence so the slightest break-out, preferably above the 1D MA50, will be a...
Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high.
Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI.
How Far Can Chainlink's Uptrend Continue?
Looking at the weekly technical analysis, LINK's price has been on the rise...
#BTCUSD
I wouldn't consider any long positions in Bitcoin until we see the equal lows around 24,800 being taken out. If we confirm a Short ORDER FLOW, there could be potential short positions with targets down to 24,800.
What Is A Demand Zone?
A demand zone is a support area where traders buy. This is often lower than the current spot price and can be near a psychological level such as $15,000, $20,000, or more.
Institutional supply and demand zones are often placed at flat numbers, and the price usually moves up or down depending on the trend.
LSE:TRB SOON BREAKOUT
How to Trade Breakouts Using Trend Lines, Channels and Triangles
Trend line
As you may know, a trend line is a trading tool.
That’s right.
It’s a trading tool, not some magic line on your chart!
It means that the effectiveness of this tool lies in how well you use it.
But here’s one thing it’s truly good at:
Helping you identify...
EURONEXT:AVAX Performing Falling wedge in 1D Keep eye on Breakout
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would...
Cloudy, slightly bearish skies ☁️ linger over Bitcoin and a great part of the global crypto market in the next 24 hours. A couple of altcoins, like Cardano, Chainlink, and Uniswap may benefit from sunnier, slightly bullish trading conditions, ATTMO's forecasts show. ☀️
Over a one-week horizon, trading conditions become mixed with sunshine returning to parts of...
Pair : LDOUSD ( Lido Dao / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Making its Retracement as an Corrective Pattern " Bearish Channel " If it Rejects from Previous Support then Long
Curve DAO Token (CRVUSD) broke above the 1D MA50 (blue trend-line) for the first time since July 30, with the 1D MACD breaking above the 0.00 neutral mark. The long-term pattern is a Channel Down since the February 21 High, which hit the November 22 2022 market bottom on its last Lower Low (September 13 2023).
Every 1D candle closing above the 1D MA50 following a...
Logarithm. Timeframe 3 days. It is forming, as on many mid-liquidity altcoins—a descending wedge.
Here's what it looks like on a line price chart .
Pivot Zones. Trading Strategies. .
At the moment, the drop is -76%. Usually assets of this liquidity fall by -90%, but perhaps now is not the time yet or there is too much hype for cryptocurrency. You can...
Bitcoin (BTCUSD) failed again to break above the 1W MA200 (orange trend-line), closing instead the 1W candle in red and is pulling back. Today's study is on the 1W time-frame and compares BTC's price action through the whole year to the U.S. Dollar's (DXY).
You would expect a correlation between the two but as you can see on these charts, it has gotten...
📝 With the upcoming launch of the Venus Prime program, the Venus community has published a new proposal to reduce $XVS emissions by 75% in the Venus Core pool markets
twitter.com
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart...
From the distribution zone (hype), the price dropped to the $0.16 level, from which it was previously pumping +2370. At the moment, the price is squeezed at the support of the channel of 5 weeks. Recall that we are talking about the weekly time frame.
Here is how this altcoin looks like on a linear price chart .
My previous teaching/work idea. I published...
