BINANCE:JASMYUSDT is moving to the phase of realization of accumulated potential. On the background of signal from moving averages the market before resistance forms pre-breakdown consolidation. As a result - breakout of the global trend resistance.
If you pay attention to the COINBASE:BTCUSD chart, the CRYPTOCAP:TOTAL chart (Total Cryptocurrency Market...
USO on the weekly chart over the past two and a half years makes a symmetrical triangle
patter with the upper and lower trendlines drawn in. Price appears to be dropping out of
the pattern in a breakdown and she now yet tested the prior support trendline as resistance.
The Stochastic RSI and Zero Lag MACD are confirmatory. The Relative volatility indicator...
dec 6/12/23
swing trade perfect symmetrical triangle long term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
FX:USDCAD is in the phase of trend change. The price begins to form the boundaries of the descending channel, at the same time, against the background of local strengthening of DXY, the currency pair is forming a correction to the resistance area.
On d1 we see a global bearish trend in both TVC:DXY and USDCAD currency pair
The price is testing the key...
Cryptocurrencies are in uptrend for the last few weeks, a move that even accelerated at the end of October and start of November when US yields turned down, which is supported for the cryptocurrencies as the dollar turned down. In fact, US yields are looking toppy after the latest US CPI data, meaning more weakness can be bearish for USD and supportive for the...
BALUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 3.6 region.
Will the bulls take charge again continue for leg higher?
SYNUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 0.4500 region.
Will the bulls take charge again continue for leg higher?
GBPAUD breaks the resistance of the descending channel and forms consolidation. The market is forming a support retest before the upward jerk. Most likely, there is still not enough liquidity for growth, although the pound sterling has been showing bullish dynamics lately.
Prerequisites for further growth:
1) Bearish channel resistance breakdown
2) A symmetrical...
This daily chart USD/CAD formation resembles a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the...
OANDA:XAUUSD is standing still on Thursday, which we were prepared for. The TVC:DXY opens with a subsequent decline on Friday, which gives bullish hopes for GOLD to strengthen. Let's breakdown:
On the local timeframe, the prolonged consolidation is forming a symmetrical triangle, but as a strong support area is forming below the pattern and the price is...
Rate Gain:
Support: 425
Resistance: 455
In trading, a triangle breakout refers to a technical analysis pattern where the price of an asset breaks out of a triangular consolidation phase. Triangles are chart patterns formed by converging trendlines that indicate a period of decreasing price volatility as the asset's price moves within a contracting range. When...
As seen in the chart, we have a symmetrical triangle chart pattern formation on the 4-hour timeframe, suggesting that the price may move higher to test a bearish trendline associated with the chart pattern.
Simultaneously, in the lower timeframe, the price is forming a bearish corrective move after a prior bullish impulse on this pair. The price has been...
LUNCUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target...
We can see here how the bottom trendline of this brown symmetrical triangle has held support since early 2020 and will likely continue to do so. We can also see that we are on the verge of a weekly golden cross with the weekly 50ma (in orange) looking like it will cross above the weekly 200ma(in blue) shortly after the next bullish impulse in price action. Those...
HFTUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target...
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USDCHF was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target...
We can see that solusd’s price action is now retesting the top trendline of this purple symmetrical triangle it has been in since around august of 2023. Obviously it only matters once we break above this trendline and flip that trendline to solidified support. Until that time one must remain levelheaded and not chase any breakout that is unconfirmed. If it were to...
