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...
A symmetric wedge pattern formation can be seen on the INDIAMART charts, also there is the resistance from the fibs at 0.236 ratio. I would be biased towards shorting INDIAMART. Caution to be exercised. Overall market also looks in mood of correction.
Depending on which trendline is broken, a target of 9500 on upside and 7500 on downside is possible.
I am not a...
In this forecast, we have used a "Symmetric" Approach to the recent movements of BTC/USDT pair. Since the fluctuations indicate a singularity in their trend angle (by -14 and +14) at both support and resistance, we adopted this approach. The analysis represents four strategies for high velocity and low velocity bullish and bearish markets. Despite of the unknown...
The price is testing the upper resistance of symmetrical triangle. IF the price will have a breakout and test the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
A symmetrical triangle pattern has emerged, and looks like it is coming close to the end of the chart pattern.
Price has tested the 70.000 key level a few times and bounced back up from it within the current consolidation.
This suggests to me that the price will break out of the consolidation and continue the uptrend.
This could play out to get some big pip gains.
FTX:KNCPERP has been drawing a symmetric triangle for the past week already, this has been the 3rd bounce from the bottom trendline, looking to take advantage of the move, if it breaks out we will buy again on a retest.
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into...
Possible bearish contiunation if BTC goes below ~6500.
Extra signals: BTC LONGS are taking over SHORTS slowly, which indicates a slow reverse sentimental change overtime.
(This is not financial advice, this is a volatile market where anything can happen)
We are currently trying to close out the daily candlestick above the 50 day MA so we can have bullish support. The bulls are trying to break resistance lines, and will be facing another resistance around $8,800-$8,900 which is where the 200 day MA sits currently. RSI confirmed the bounce off the 40 which could indicate a bullish turn. The 4 hour chart is looking...
Symmetric triangle on 1d candles. 1d RSI has bearish divergence, and 1d Stoch RSI has a breaish cross. Waiting on cross of MACD. Expect small price increase over the next while, then a correction to the bottom of the triangle. We have minor bullish signals on the 4h candles. A small dip will complete the ABC correction of wave 4. Wave 5 will then come, aligning...
I've been waiting for weeks for a good place to purchase BTC along with other small cap cryptoassets (which are usually highly correlated with BTC, if not amplified).
If you believe there's a chance in the Q1 downtrend breaking, now is a great, low-risk time to buy, because of this massive symmetric triangle formation. We've just bounced a couple of times off of...
Symmetric triangles are created when both trendlines are moving towards each other.
symmetric triangles show that XRP Will decided to Down or Up
When the price moves above the upper trendline it signals the price is likely to move higher.The pattern is complete.
If the price drops below the lower trendline it signals the price is likely to continuing...
Is this the end of the correction or is this a bull trap? We don't know yet. Nevertheless, it's worth a shot.
Bitcoin is showing new strength by breaking 15000$ resistance level with highly increased volume. This is also the bullish confirmation of a symmetric triangle pattern.
Depending on future movement this could be a short-term trade or the opportunity to...
I am expecting a breakthrough of the lower line and a continuation of the downtrend.
The time for it is optimal as the apex of the triangle is already closing. Maybe a good chance to generate some profits..-
This textbook symmetrical triangle setup caught my eye as FLS was a big negative mover on the Stockcharts Technical Rankings. I've overlaid a ratio to the SPX where you can see a divergence with FLS underperforming, With earnings approaching before the apex of the triangle it is likely to be resolved there. Given this underperformance I am biased to the short side...