BNB price action following symmetrical triangle pattern. RSI still not overbought or oversold, so there is plenty of room to move in either direction. ADX and DI showing buyers are gaining traction on sellers.... BNB seems to have followed breakout patterns very well in the past, so I will be watching BNB closely.
As we can see we see a Symmetrical Triangle forming on the daily chart. This also indicates an accumilation zone. Also Bearish Divergend RSI.
Not bouncing on fibonaci levels makes me think well be going lower, although the market cant be predicted since it is manipulated by whales...
Lets just see how this plays out, under 6.800 USD im going FIAT, breaking out...
Hello friends,
This triangle formation like the previous inverse h&s on lunbtc has been developing for some time, this to me indicates big money in play over a long period of time
Inside the triangle, after the two bounces on both ends establishing bounds, we now have a cup and handle formation - the cup was recently completed with the last spike, touching the...
Bitcoin is in a symmetrical triangle on the H2 chart. Also it is testing and consolidating at the daily support level of 7500-7600$. Possible to see a retracement to the upside especially after this violent move to the downside. Usually I don't like to take trades against the overall trend but this one offers a great risk reward ratio of 2.11
Entry 7611$
Stop...
Woaw ! Theorically when a symetrical triangle is formed in a downtrend then the probability of break is much higher... So it is possible that BTCUSD continue to go down...
BUT it is only probabilities... In our case it is better to wait the next few candlesticks in order to make a sharp analysis and take position.
BTCUSD is at crossroads and the old man would say...
It looks like the price has pushed and is currently testing the resistance level of this symmetrical triangle. It is also at a short-term resistance level, it could be very hard to push past this level at the moment. This currency needs to be watched over the coming days to see if it is going to break or not. If the price breaks then we could see a push to the...
As you can see, BTC is forming a big symmetrical triangle. At the moment, it's in a downward channel inside that triangle and there's really no reason for it to turn around just yet. If it stays on path, it should reach precisely 7000USD by the 28th May (EST), which means it might go up a big before than but it's going to be unstable.
Hopefully the triangle will...
Hi guys, I am thrilled to see things going as predicted as the chart hit my prediction of 7450 USD today (Please see my previous chart). Now that we have confirmed this, it seems that BTC is coming towards another end of a triangle. I've had a look at some respected traders predictions and many believe the triangle formed is a bearish one. However, if we zoom out...
Bitcoin's price is bouncing between two trendlines that are creating a Symmetrical Triangle Pattern. A perfect accumulation pattern!
There are three main spots (yellow circles) where the price may bounce and invert into a new uptrend.
The pattern is in its final phase and the breakout is close.
The bullish breakout will easily skyrocket the price nearby 2017...
The price looked like it had lost some of its momentum as it started to get closer to the symmetrical triangle that this currency pair is currently in. With the strength of this bear candle it can be seen that the price is trying to push downwards. This pair needs to be watched as the triangle is starting to narrow and would have to breakout soon.
The price has reached a strong resistance level which has been holding for a while now, it also formed a symmetrical triangle. The momentum of the bullish move was not strong enough to break this strong resistance, this means that the price is falling in value. I believe that this pair would move further down over the next few days, as the RSI is in a great...
The daily graph is showing something completely different to the weekly, the daily graph is showing that the price may not be able to breakout this triangle on this attempt. This can be seen by the overbought signal that is being seen as the price gets closer and closer to the resistance level of the triangle. I would keep everyone updated on any signals that I am...
The price has managed to push towards the resistance level of this channel. This is looking very promising, the RSI is in a good position for a bullish move. But if the price fails to breakout at this point the price would move down to the support of this triangle.
![USDCAD: USDCAD Symmetrical Triangle (Continuation) [4hr Chart]](https://s3.tradingview.com/v/VmBKyVWL_mid.png "USDCAD Symmetrical Triangle (Continuation) [4hr Chart]")
