The measured move from the descending triangle has already played out for Jasmy - and it is surpassing that move. There is a set of fib extensions based upon the bearish breakout from the descending triangle - they are in yellow. They seem to be getting followed by price action. The 4.236 of that sequence is setting around 0.00289. There is also some fib...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price...
The CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation. Target Levels: 168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the...
After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the...
Update for Gold intraday price action: I see a bullish triangle again - after some accumulation, the price violated its neckline and set a new higher high higher close. Bullish violation is one more important sign of strength of the buyers and may push the prices higher. ❤️Please, support my work with like, thank you!❤️
The triangle doesn't end yet. So we can't consider it a effective breakthrough. What I want to see is that the drop stop at the red trend line.
DASHUSDT is forming a conglomeration of bullish assumptions, attitudes and patterns. It is possible that the coin is starting to see a buyer, but it all depends more on their potential and interest. On W1, the coin is trading almost at the bottom, which is the 22.6 area, and the strong support in this case is the 25.0 area. Relative to 25 a triple bottom is...
BINANCE:BTCUSD is trading in a neutral market. After updating the global ATH the market did not let the price to this zone, strong support levels are formed from below. The conglomerate of strong zones in general indicates that there is no clear potential at the moment and consolidation will continue further. The price is trading within a range, the boundaries...
✅Bitcoin broke the upper line of the classic Symmetrical Triangle Pattern a few hours ago. 🌊Regarding Elliott's wave theory , Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle. 🌊Currently, Bitcoin is completing microwave wave 3 of main wave 5 , which can complete around an All-Time High($73,777) ( or...
HCL TECHNOLOGIES LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 1610+. ✅Can Go Long in this Stock by placing a stop loss below 1530-.
📊 Script: MAHLOG 📊 Sector: Logistics 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart. 📈 It is trading at upper band of BB and giving breakout of it. 📈 Already Crossover into MACD. 📈 Double Moving Averages giving Crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. ...
As mentioned in the earlier post, the support level of over 65,000 remains intact. Yesterday witnessed a significant breakthrough with Bitcoin surpassing the $71,000 mark. Consequently, as long as the price of BTC maintains its position above $70,000, there's a strong indication of a potential new all-time high in the near future. Additionally, it's worth...
1. Mysterium is the no1 DEPIN project on Polygon and only $4m MC. 2. It just broke out of it's Triangle Accumulation pattern. 3. I checked dune and it's been accumulated heavy last 2 weeks. 4. It only has 20m Coins circulating supply and 30m Coins in total supply. So has all the Tokenomics to pump. 5. It also has 100 Github Repositories so it's a decent...
🔍Today, let's analyze UniSwap (UNI) focusing on the daily timeframe for spot trading, aiming to identify optimal entry points for buying. 📈After a sharp upward movement towards resistance at $15.402, UNI initiated a correction, extending to the 0.5 Fibonacci level, where price reacted twice. ✨A closer examination reveals a descending triangle formation...
Bitcoin has been on the rise, and I would like to share my Master Fib. This angled fibonacci structure encompasses the entirety of Bitcoin's history and can be used to help discover price action patterns, facilitating future trade decisions. The chart can be useful on both logarithmic and linear price scales. This idea highlights the fib structure on the log...
Starlink was able to break out of the triangle to the upside, I expect bullish growth to the upper regions
HONAUT formed a triangle patter on weekly chart. This pattern has been forming for the last two years. It appears breakout has happened on it today. Though the volume was relatively low compared to previous trading session. There was strong bullishness with Marubozu candle formation today. Multiple support and resistance were tested with recent runup in price that...
BTC started a breakout of a symmetrical triangle formed in it's daily chart.