Bitcoin is creating a triangular pattern in the weekly time frame. Although the direction of the breakout is not clear, bitcoin seems to be close to the end of the pattern. the direction of the breakout will be the direction of the next trend
symmetrical triangle pattern in range since 2017 (*weekly timeframe), interesting. we need several week for confirmation to find out the major direction, tend to reversal or breakout to continuing down.
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#SHIB/USDT
$SHIB is inside huge triangle and price is at lower line.
🐻 breaking down from lower line will drop price to around 55.
🐮 break out from upper line will increase price to around 5000.
Hot is at a retest position and potentially bullish after breaking the symmetrical triangle pattern. Be aware that at 0.007, the resistance is so strong. Now, this is a good place to take a long position. Don't be greedy and always manage your risk.
#ETH/USD
$ETH reached the triangle target and now is in pullback to triangle again.
🐻 price can drop to descending support line that is the same with support zone around $2800
Hi friends!
Recently I discovered a classic trading pattern on the BTC 4H chart: Bullish Symmetrical Triangle.
The Symmetrical Triangle is a continuation chart pattern - usually, the price breaks out from the upper trend line in the direction of the prior trend.
Everything's on the chart:
- Beautiful Triangle: we can see how it is formed in an ongoing uptrend
-...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC /USDT update. BTC went perfectly and did a breakout but suddenly we have news of Saylor's buying BTC and everything starts falling. Saylor's buying is actually a sell signal, every time he made an announcement BTC starts dipping.
Right now BTC holding the...
Price has broken out a symmetrical triangle on the 4hr timeframe.
The dollar is strong as the feds talk about raising interest rates thus having the potential to push the pound down.
Here is the play I will be taking on this trade.
OT = MARKET SELL NOW
P = 1.30682
SL = 1.31736 - 109 PIPS
TP = 1.29386 - 125 PIPS
Waves has broke down after making 3 peaks and now testing the support as resistance.
But this falling wedge with a perfect bounce on fib level 0.5 making it sound like one more bullish wave is coming which will put waves @ 85.
The price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$.
The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance.
On 4h Timeframe the price is trying to create a new higher high.
How to approach?
We are waiting for the breakout...
Based on technical factors (Symmetrical Triangle Pattern ) there is a long position in :
📊 HOTUSDT
🔵 Long Now 0.006575
🧯 Stop loss 0.006150
🏹 Target 1 0.007500
🏹 Target 2 0.008800
🏹 Target 3 0.009900
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
The price had a breakout from the dynamic resistance on the daily timeframe after a retest at 1.23$. The market created a double bottom on it.
On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle, where the resistance is the daily resistance.
Be aware of the supply...
🌳AVAX has been In a Big Symmetrical Triangle. But not Long ago a Bullish Break out Happened and Determined The Trend for this Pattern. as you know Depending on The Break out, The Price can change It's Trend (In Symmetrical Triangles). The Pullback has Happened & The Price is Ready To Reach around 120$ which is also a Big Target and Resistance. For Now We shall...
