GBPUSD has formed a symmetrical ascending triangle on its hourly chart.
the Price is trading below the Breakout: 1.24286.
Stops below the low previous to the breakout or below the Lower apex.
Targets1:
62%: 1.25598
79%: 1.25919
Target2:
127%: 1.26806
162%: 1.27438
The long-term downtrend prevailing on this currency pair has consolidated in the form of a symmetrical triangle. It can now be used as a continuation pattern for a bearish breakout trading opportunity. My potential entry will be placed at the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green...
It's absolutely unbelievable for Shiba Inu coin because the technical analysis shows an extreme pump is likely in the immediate short term!
If you like Shiba Inu, you must hit the like button right now to support the future of this coin!
There is no doubt that Shiba Inu knows how to pump drastically, and what can happen to you is that you wake up in the...
This right here is a symmetrical triangle which i believe could break to the upside. But regardless we shall see what happens cause the price even break towards the bottom which could result in massive fall due to the presence of a major yearly trendline, but at the end of the day this setup is just out here for the record ( and for fun;) ).
Happy Trading !!!
Eos is fast approaching the end of a large descending triangle, historically it appears price tends to break on the upside of these triangles, but not always..
We do have a Buy signal from Crypto Tipster v2 which is always very handy in making strong predictions so we'd suggest a rise of 10% is incoming up to the next level of resistance, but we're not 100% on...
Hello my Fellow TraderZ,
$SOL is looking for both the Long / Short scenarios.
A beautiful Symmetrical Triangle on 4 HTF.
Bullish : if we break the upper TL & can visit the resitence of $30.
Bearish : if we lose lower TL, we can see $14 for sure before further upward continuation. I'm more inclined towards downward path as Bearish Divergence could play out....
Just like the bear flag and wedge on btc, Eth also has a weekly bearflag pattern inside a monthly wedge. Eth’s flag is more of a bear pennant however since its flag is a symmetrical triangle..where as the flag on btc is a descending channel. Definitely gonna have to overcome the weekly 50 MA and maintain it as support to sustain a bullish breakout here. *not...
Hello my Fellow TraderZ,
It seems #POLYGON ($MATIC) is breaking of the SYMMETRICAL TRIANGLE and looking forward to test its immediate resistance area ~ $1.25.
Most of the coins have pumped but $MATIC is lagging among them. Follow #BTC also if it pullbacks, $MATIC is no exception and will se the support below.
Happy Trading Fam. CHEERS!!!
The truth is that we are starting a bull market and cautious analysts prefer not to say anything, but they are wasting their time waiting, now we see 2 confirmed symmetrical triangles and a third is missing, this is the same thing that happened a few days ago in Bitcoin, taking it to the level it is at now. Targets 53% from here to the first triangle end
XAUUSD is trading an Ascending Triangle on its hourly chart.
The price is trading the ceiling of the Ascending triangle @1823.84 and 50% of its width where ideals breakouts occur in between the 50% and the 75%.
Target 1
62%: 1855.78
79%: 1864.09
Target 2
127%: 1889.09
162%: 1906.49
It’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white...
Monero looks to be trapped inside this symmetrical triangle which has formed after another rejection when trying to break through the upper bounds. There's a nice parallel channel formed for the price to fall back into but it may need a little wiggle romm first based on historical S/R levels.
We can see the price reaching the lower edge of the aforementioned...
TOMORROW ANALYSIS🔰
Nifty formed an triangle three times touched that upper resistance looking good for tomorrow nifty will give good moment either up or down formed nice pattern good green candle formed in 1 day TF may be tomorrow break that resistance.
Hope you have a profitable day
Thank you😊
Cardano made a nice push up and Now on the hour a trapped in a symmetrical triangle. 50/50 breakout chance and pay attention to the MA50 on this timeframe we are dancing around it now. Should we really get below it with a clear rejection then that could bring the price further down. Both the price target of the symmetrical triangle and the MA200 meet with it.
Yet...
Hello pepps! Nas has formed symmetrical triangle there is high probability it will break to the upside which goes in line with yesterday trade idea on the pair. Looking to attack from the bottom as the structure has turned bullish for the moment. You are welcome to discuss this idea in the comment section. Enjoy!🚀
