Just a few was waiting for the breakout, a symmetrical triangle created this moment, means reversal of a trend, consolidation, we should see how the bitcoin price has started a bull trend and maybe an inverted head and shoulders pattern for the rest of the year.
FXSUSDT Technical analysis update
FXS Fromed triangle pattern in the daily chart, we can expect a good up move once the price breakout.
Buy zone: Below $6.70
Stop loss: $5.30
Take Profit 1: $7.64
Take Profit 2: $9.25
Take Profit 3: $10.65
Spot trade.
Always keep stop loss
Thanks
Hexa
Dollar is weakening, inflation's at all time highs.
Seek safety to park funds.
In tough times, world always falls back to safe havens, let it be gold or digital gold ( bitcoin )
Hi everyone as you can see in the chart that there is a symmetrical triangle pattern has been formed, my target 0.001965
Please please do like this post and follow me , thanks
This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years...
Pfc all set for a good upside momentum
Chart saying upside momentum is yet to initiate
One can add at current levels for ath
Sl accordin to risk appetite
Ask your financial advisor before buying
Only for educational purposes
Show some love
Will drop more charts like this
DESCRIPTION: The chart above is an analysis of the VIX and it current pattern formation of a SYMMETRICAL TRIANGLE FORMATION .
POINTS:
1. Strong Support for VIX at 19.50 with current Demand Pocket Ceiling for FIB is at 25.
2. Move should occur by the 9th of January as price action would have to compress a lot more by then.
3. Current overall trend is a down...
Quite a symmetrical triangle has formed on Monero / USD, indicating some swings back and forth between the highs and lows. We are nearing the pinch point of this triangle but there's still a large amount of wiggle room for a quick 10% short to the bottom edge of support. Keep your stops tight and take the profit while you've got it on this one!
Everything indicates that the recession in 2023 is pretty much inevitable. And when the Fed pivots, a market crash is almost guaranteed. Nothing is for sure, but it's based on historical statistical data.
The DXY index is currently sitting at the strongest support ever created. It's the rectangle line + wave (3) + wave 1.
As per Elliott Wave rules, in an...
A long-term symmetrical triangle has formed following a downtrend on the AUD/CAD weekly chart. It can serve as a continuation pattern for a bearish breakout trading opportunity. My potential entry is 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 line, which is located at...
Think twice, why the oil and gas industry is suffering when they are selling more than ever?, this is just a consolidation period, gas is high, oil is high, and is going higher en some sessions. $GUSH and $XOP are much better options for invest in the OIL & GAS market.
NKE tested bounced off a longer term horizontal support zone ($99 - $103) several times in the last 3 months and is now trading within a symmetrical wedge pattern. This could be both a continuation or reversal pattern depending on which side it broke out eventually.
However, I suspect the eventual break will be more likely to the upside as the resistence turned...
