From a purely technical perspective this is beautiful. Another classic hight time frame ascending triangle with HTF extended fibonacci levels matching PERFECTLY with the weekly all time high at $11.07.
Add in the fundamentals behind Voyager:
-Announced $46,000,000 raised on 1/21/2021
-Undergoing a possible additional $75m
USD has been in a bear trend against ruble since March, it formed a topping pattern as a descending triangle and started a bear trend. since then it made another defending triangle as a bearish continuation pattern and broke down from it the target of that large triangle is around 68$. its currently completing another small descending triangle with a target around...
USDJPY has formed a descending triangle now.
Most of the time, price will eventually break the support line and continue to fall.
If price break the support line we will be looking for a short position targetting 104.50 - 105.00 monthly key level area.
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Hello Traders! ,.. this setup quite interesting, honestly we can go to both directions, either up or down we need to wait for the price to breakout its support or resistance level.
Plan : support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc -->...
Watch the Canadian dollar for strength if it breaks out of a triangle pattern on the Canadian Dollar Index chart (index against EUR, USD, GBP, AUD, CHF, JPY).
The Canadian dollar index has outperformed the Australian dollar and New Zealand dollar indexes over the last 1, 2, and 3 (shown) years.
On the flip side, a downside breakout of the triangle would indicate...
A confident and sharp growth of Bitcoin's value this summer brought most cryptocurrency holders to a bullish mood. However euphoria finished with a last parabolic wave on 26th of June. Further price action formed a standard for Bitcoin triangle which unfortunately was broken down on the 24th of September (Point I at the chart).
Further an ascending broadening...
GBB/USD price has broken out of its triangle consolidation yesterday.
RSI bullish divergence increases the probability for a valid upside move.
If break out is valid, price could reach all the way to resistance level 1.32600. Read more...
OmiseGO is entering a buy zone. Watch the ascending triangle and volume for potential entry.
It also has a little bit of a "cup" pattern.
The 0.618 retracement is around 20K satoshi, so this is an important level to watch if you buy on the 17K break. A soft rejection here should be expected, but a sharp rejection would signal the major bearish trend is still in...
Its been a fun run with BITTREX:SNTBTC but the consolidation has been trying for some especially when other altcoins are suddenly rallying. It is unclear where SNT want to go as volume has been declining since the initial rally. Despite this, it is possible that that the real rally has just begun with the new of SNT joining the Enterprise Ethereum Alliance...
USDCHF 15 minute is set up for triangle breakout up or down. Wait for close beyond triangle and last bar high (long) or low (short). Support and Short TP is July 26th high. Resistance and Long TP is July 27th high. Ideally also wait for breakout of bollinger band.