got a symmetrical triangle, inside a larger symmetrical triangle on the bearish side of things...on the bullish possibilities we have a inverted head and shoulder setup and the larger falling wedge pattern....probability in the immediate term suggest a breakdown as we are currently below the inside symmetrical triangle...however there i still time left for a...
Tron is now having support from the gan fan 3/1 fib. We will have to break the 2/1 gan fan fib to go higher. RSI + EMA are now in our favor on the daily chart... In my opinion it is possible that we will be rejected by the 8/1 fib which usually put pressure. A push to 0.03971 is possible which coincide with the lenght of the pole on a symmetrical triangle breakout.
in the shortterm I expect a break down from the current red symmetrical triangle weve been in on the 4hour chart so this idea will be short for now...however in the medium term I now see a big falling wedge in green on the 1 day chart thats apex stretches to April and believe we will ultimately break upward from this pattern. Interestingly enough the target...
or maybe just a symmetrical triangle,,,I have brakdown targets for both the bear pennant or just the triangle limit buy is still set up for if we revisit the weekly 200 simple moving average.
We broke out of the symmetrical triangle, and now testing as a support, I see this a short opportunity for some profits, I already bought in at 0.311 as I mentioned previously.
I will show every step of this trade so there is full transparency.
If I am wrong you will see it for yourself and vice versa.
I believe our next target is 0.321 based on the 200 EMA...
The symmetrical triangle has been growing more and more predominant with each day candle and now seems to be the most valid of the current possibilities. The symmetrical triangle itself is a continuation pattern coming off of a recent downtrend so it favors the downside. However, also still currently valid is a diamond bottom pattern(in purple) which usually favor...
The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will...
We can see bitcoin has formed a symmetrical triangle on the 1hr and the 4hr charts which we all know is a continuation pattern...and if we look left we can see it was preceded by a big bearish drop o odds are good we will be continuing downward...I have a limit buy set up right around the neckline of a head and shoulder pattern down there around 3.4k I feel this...
Verge (XVG) 1h chart you will see clearly symmetrical triangle pattern upside but closing very important above trendline you can buy short term or book your profit i'll update soon mid term also because Xvg/btc now bullish you will earn more and more profit.
Though XRP has been consolidating well inside the falling wedge(which tend to break bullishly) we must still keep in mind that since we broke down from the 4hr symmetrical triangle pattern not too long ago, we may still have more room to dip seeing as how even though we reached our head and shoulder breakdown target, we didn't hit the drop target of the...
We can see here on the 1 day chart that BTC has bounced with strong support up from the bottom trendline of the symmetrical triangle. Symmetrical triangles usually are more valid by candle bodies than candle wicks but just in case I have found the wick top and bottom trendlines as well. For now I m still long on this. Of course whatever you choose is your own...
This idea will be listed neutral because while we still have the very bullish and valid Symmetrical triangle here we have also developed a head and shoulder pattern which is currently now threatening to break the neckline of. Many head and shoulder patterns become fakeouts though so if it is the case that this head and shoulder pattern is a fakeout as well I think...
This big 1hr chart symmetrical triangle pattern is still valid. We also know that symmetrical triangle patterns are continuation patterns so if we don't climb back into the 1 day ascending bull pennant pattern but the 4hour inverted h&s pattern ends up being a dud then odds are good it is this 1hr symmetrical triangle pattern is the most valid one which means we...
need to wait on confirmation and bear volume surge to sell/short but very good probability we will see it. Bear trap also still a possibility to consider but lower probability.
In dark turquoise here I ahve drawn an inverted cup and handle pattern...the price action has sent a wick to the neckline...should we not climb back into the symmetrical triangle by the time this candle closes probability is very high that we could trigger this cup and handle pattern...if so the target drop would be down to the bottom trendline of the weekly...
