Price action and chart pattern trading > Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal. > Aggressive entry @ downtrend channel wave ii and iv breakout > Safer entry point @ triangle breakout > Target @ previous 1 wave 0.382- 0.5 retracement zone > Stoploss @ triangle lower support zone > Risk...
Bullish on LTOUSDT on Binance as its breaking out of a symmetrical triangle Entry at 0.1017 Stop Loss at 0.098 TP @ 0.1054 TP @ 0.1140 TP @ 0.1247 TP @ 0.1560 TP @ 0.2074 TP @ 0.2583 TP @ 0.2903 This is not a financial advice, please do your own research! Best of luck!
#RSR/USDT $RSR is inside a symmetrical triangle pattern and hold above the middle line of this pattern. 🐮 breaking out from the upper line of the triangle will increase price toward the resistance zone around $0.011. 🐻 breaking down from the lower line of triangle can drop price to the support zone around $0.004.
DOGE/usdt (Dogecoin) is forming a symmetrical triangle price pattern on the 15-minute time frame. Price volatility & measured move could be about + or - 5%. Resistance targets are: $0.87, $0.88, $.90. Support targets are: $0.85, $0.84, $0.82.
This triangle is found on the 1month log chart. This pattern is more speculative than the smaller inv h&s and bullflag patterns I posted in the previous idea to this that I will also link to this idea. If the ethbtc pair were to hit this symmetrical triangles breakout target ethereum would gain insane dominance against btc. Again this pattern validating is much...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this DOGE/USDT trade setup. DOGE looks bullish here. DOGE is breaking out from the symmetrical triangle in a 12hr time frame. Also, break above 200ma. Buy some here and add more in the dip. Entry range:- $0.74-$0.77 Target:- 60-65% SL:- $0.66 If you like this idea...
Hi everyone, Yesterday I analyzed BTCUSDT and talked about the reason that we are still bullish in the short and midterm. (link down below) Today, we are going to be analyzing ETHUSDT, and the chart looks clear and beautiful. Right now we just broke above previous resistance where we took off some liquidity that was sitting above the previous high, and we are...
SOL is looking bulllish on daily timeframe and 4 hr timeframe , It formed a symmetrical triangle and breaked it on daily timeframe upside which means sol is ready for a take off to the next resistance of 60-69$ which also a region of daily 200 MA and also technically target of symmetrical triangle of around 30-39% . We just want a retest for confirmation, BUT BUT...
CAD/JPY is in a range, forming a symmetrical triangle . The price action is currently testing an important resistance zone after forming a double bottom on support zone. I'm expecting a resistance breakout due to Double Bottom + Bullish Divergence on the RSI and Volume uptrend on OBV. Now key zone for bulls is to break above the resistance zone. While...
PFE reached the bottom of the triangle AGAIN. I added of lows today to my current position. Still holding this dividend cash cow. It looks like something that's going to eat you! But the trend line works magic. Nice longer swing or LT hold for me. Not day trading this one, moving too slow.
MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the...
Ethereum is unfortunately losing steam, according to my technical analysis. On the daily chart, the price is printing a clear rising wedge pattern that is currently breaking down! Ethereum has already made a massive 105% gain in 51 days, so I think the wedge is likely to break down rather than up. As per my Elliott Wave analysis, which is my main...
Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook...
I enjoy trading many technical patterns, but this one I am not a fan of trading until price action shows a non-neutral trending structure. Therefore, I will only be monitoring DXY. Equilateral Triangle Pattern: This is when the price action s neutral (flat) due to the price trending in both directions at the same time. Typically many fake outs happen with...
#SOL/USDT $SOL is inside a symmetrical triangle pattern. 🐻 breaks down from lower line will drop price to support zone around $32. 🐮 breaks out from upper line will pump it to $47 and even $65.
Beast Trading _ Today's Bitcoin Perspective Bitcoin has been showing a strong trend since August 8. That's why I don't think it's good to trade with the mindset that "Bitcoin has risen this much, so I'm going to take a short position" and "Bitcoin has fallen this much, so I'm going to take a long position." First of all, after the strong rise in B-c...
Bullish Pennant Breakout (Waiting for Volume) - Opened small position
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is still consolidating in the same range from the last 5-6 days. It is trading inside a symmetrical triangle in a 4hr time frame and the triangle is squeezing very tightly here. So we definitely see a breakout or break down. Bullish case:- If...