GOLD is probably preparing for a last small crash to the main support of the expanding triangle in the major timeframe. This is a great opportunity to buy GOLD at the bottom of an expanding triangle because it is also in confluence with the 0.382 Fibonacci retracement. This Fibonacci level is very strong together with 0.618 because 0.618 + 0.382 = 1. You can buy...
Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already...
Notcoin(NOT) has been moving in a symmetrical triangle for about 4 days . I expect that Notcoin(NOT) will succeed in breaking the lower line of the symmetrical triangle and at least fall to the support zone in the next hours. Note: If Notcoin(NOT) is able to break the support zone, we can expect more dumps. Note: An important point you should always...
EURUSD is encountering strong resistance at 1.08883 level After a false breakdown, a retest and reversal candlestick pattern is formed. After breaking the downside resistance, the price does not go up and most likely will not be able to do so. On Thursday, news may be released that could reinforce the decline. If the price returns in the pattern boundaries, but...
The price action currently just closed a weekly candle below the triangle for the first time, however when you take the same measured move line to ensure a breakdown from the channel the result is an impossible negative price which tells us that probability greatly favors a break upward from this triangle eventually. I went ahead and arbitrarily placed the...
BINANCE:FILUSDT may move from the consolidation phase to the realization phase. The coin has 70% potential, which in general may give a chance to renew ATH. The bullish trend may get its continuation. On D1 a break through the resistance of consolidation is formed. Bulls are starting to realize their scenario. The focus is on 6.808. The break of the...
We just had a big correction in the crypto markets and like clockwork the bottom trendline of this symmetrical triangle held exact support on the bottom wick of the current monthly candle. Will be interesting to see if that holds ultimate support as often right before a pattern breaks up there is a big pullback in price action similar to an archer pulling back...
Here are some guidelines for determining the next steps regarding UPL: Consolidation: UPL has experienced a period of consolidation for over two years, forming a symmetric triangle pattern. Breakdown and Retest: There was a breakdown from the triangle pattern, followed by a retest, which resulted in a continued downward movement until reaching a 52-week...
BINANCE:ETHUSD breaks the resistance of consolidation pattern amid the news related to the approval of ETH-ETF. The reaction was premature, on rumors, and now the market is consolidating. Many wondered why there was not a strong surge and rally after the news. Reason: The rise from 3100 to 3850, almost 24% in a few hours, which followed due to the rumors about...
Hello Traders and Investors, today I will take a look at Meta Platforms. -------- Explanation of my video analysis: For more than five years Meta Platforms has been trading in a reverse symmetrical triangle formation. We saw the last retest of support back in the end of 2022 which was followed by a decent rally of +450% towards the upside. At the moment Meta...
Hey There, - Like always, The chart is self-explanatory. - We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one. - This is one previous support that turned crucial resistance - Previously, the price has fallen 3 times after testing this level. The fourth time's a charm? - We see a good consolidation at the...
Notcoin(NOT) is moving in a Symmetrical Triangle Pattern . According to the theory of Elliott waves , it seems that Notcoin(NOT) is completing the last wave(Y) of the Double Three Correction(WXY) . I expect Notcoin(NOT) to break down to at least the Support zone and the Uptrend line . Note: If Notcoin(NOT) is able to break the support zone, we can...
Bitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle . We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ). I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart. ...
We can see xrpusd is doing something very very similar for the past few years its been forming this massive triangle pattern that it did before the last time it had its massive breakout from a triangle that eventually led to its all time high. On the weekly chart we can see we are now very very close to the apex of this triangle and I have also superimposed a...
OANDA:NZDUSD breaks the bearish trend in early May and confirms the fact that bulls appear on the market. The fundamental background is positive and growth can be considered in the long term. Earlier the price tested a strong descending resistance by a false breakdown. There was no proper reaction in the form of a change of trend or a strong fall....
BINANCE:WIFUSDT shows quite interesting preconditions for a possible rally. The coin breaks the consolidation resistance and at the same time looks stronger than the market. The coin has been in the consolidation stage for two months. Now the price is breaking the triangle resistance and consolidating above 3.256, which generally determines the medium-term...
Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. BTCUSDT is forming a symmetrical triangle pattern on the 4-hour timeframe. A breakout from this pattern could signal a move in either direction. Possible Scenarios: Upward Breakout: A 4-hour close above the resistance level of the triangle could...
Hello Traders and Investors, today I will take a look at XRP. -------- Explanation of my video analysis: In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly...