Get started

Triangle

EURUSD: Bounce from Triangle Support LineHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, EURUSD has been in a long phase of accumulation, which has formed a large Upward Triangle. This pattern is defined by a flat horizontal resistance at the 1.1770 level and a rising support line, showing that while sellers are holding the highs, buyers are progressively becoming more aggressive on each pullback. Currently, the price is in a corrective pullback phase within this triangle. It is now approaching the ascending support line, a key dynamic level that has consistently provided a floor for the price during this entire consolidation period. My Scenario & Strategy My scenario is built on the expectation that this Upward Triangle will resolve to the upside, in line with its classic technical interpretation. I'm looking for the price to complete its dip and find strong support on the triangle's support line. The key event would then be a decisive breakout above the 1.1770 Resistance. Therefore, the strategy is to watch for this bounce as the entry trigger. A confirmed breakout above the Resistance Zone would validate the long scenario. The primary target for the subsequent expansion is 1.1820, a logical measured move objective after such a prolonged consolidation. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
2
Euro will reach seller zone and then start to fallHello traders, I want share with you my opinion about Euro. The market for the Euro is currently positioned at a critical inflection point, as a prolonged period of consolidation appears to be nearing its resolution. After transitioning from a prior downward channel, the price action for EURUSD has been contained within a large symmetrical triangle, a pattern of contracting volatility. This structure has been defined by a clear descending resistance line and an ascending support line, anchored by the major seller zone and the buyer zone. At present, the asset has rallied from the support line and is now directly testing the upper boundary of this triangle. This area represents a powerful confluence of resistance, where the dynamic trendline meets the horizontal seller zone near the 1.1730 Resistance Level. The primary working hypothesis is a short, rotational scenario, based on the expectation that this resistance will hold. A confirmed rejection from this 1.1730 - 1.1750 area would validate the integrity of the triangle and signal that another major swing to the downside is underway. Therefore, the TP is logically placed at 1.1620 поинтов, a key target located in a high-liquidity area on the path towards the main 1.1575 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
13
HBARUSDT → Correction before the rally...After strong growth from the 0.14 zone, BINANCE:HBARUSDT HBAR updated its maximum to 0.30 and entered a correction phase, testing the intermediate and strong support level of 0.2300. A false breakdown has formed, and price consolidation above the key zone could trigger another rally. HBAR currently has two key levels: 0.243 and 0.2337. The bulls are trying to keep the correction at the upper support level. However, there is a huge pool of liquidity hidden behind 0.2337, which could be tested (before growth resumes) if 0.243 fails to hold the price. Locally, the coin is breaking the structure of the downward correction (consolidation in a bull market) and is trying to consolidate above support (in the zone of interest). The end of the current correction phase may lead to a resumption of distribution. Support levels: 0.2432, 0.2337 Resistance levels: 0.2547, 0.26, 0.2763 The formation of a bullish structure relative to 0.2432 will confirm the presence of an interested, large buyer. This could trigger strong growth. Otherwise, I will wait for a retest of 0.2337, from where I will look for an opportunity to open long positions with the aim of medium-term growth. Best regards, R. Linda!
Long
by RLinda
4
ETHUSDT → Correction and hunt for liquidity ahead of growth BINANCE:ETHUSD is showing positive dynamics and breaking through the resistance conglomerate (consolidation boundary and downward correction line). The fundamental background is positive, and bulls are generally quite confident... The cryptocurrency market, Bitcoin, and altcoins are awaiting a batch of positive news. Traders are waiting for interest rates to fall, which could attract additional capital to the cryptocurrency market, especially ETH. The breakout of the correction resistance and consolidation resistance gives the market hope for growth. The global trend is bullish, and the fundamental background is positive. If the bulls hold their defense above 4488-4450, ETH may strengthen. Resistance levels: 4661, 4783 Support levels: 4488, 4450 Technically, I expect a false breakdown of support (retest of the liquidity zone). If this maneuver ends with the price closing above 4488 and the formation of a confirming bullish pattern, then in this case, we can consider the continuation of growth. Sincerely, R. Linda!
Long
by RLinda
28
GOLD → Consolidation before continuing growth to 3700 FX:XAUUSD resumed its growth on Friday, approaching the $3,650 level, amid growing expectations of aggressive Fed rate cuts and geopolitical risks. The metal remains near record highs and is poised for a fourth consecutive week of gains. Key drivers: Probability of a 25 bp rate cut on September 17 — 92%, chance of a 50 bp cut — 8%. Markets are expecting three cuts in 2024. US plans to impose new tariffs on India and China are supporting demand for safe havens. Gold remains in a bullish trend. The weak US economy and geopolitics are pushing it to new highs, but profit-taking at current levels is possible. There is no news today, so trading may be relatively calm. Technically, if the price does not retest 3738 but begins to consolidate near 3657 and attempts a breakout, the chances of continued growth will increase. Support levels: 3638, 3630 Resistance levels: 3649, 3657 I expect the market to reach the liquidity zone of 3638 before returning to retest the trigger. However, if MM deems this maneuver unnecessary and forms a trading range between 3657 and 3649, then closing above 3657 could lead to another bullish distribution. Sincerely, R. Linda!
FX:XAUUSDLong
by RLinda
13
LTCUSDT – Quick Triangle Scalping OpportunityTimeframe: 5M/15M | Bias: Bullish (1H) Hey traders! 👋 Looks like LTC is forming a neat triangle pattern on the 5M/15M chart. Support is holding strong and momentum is picking up – all signs pointing to a potential quick move upward! 🎯 Target: Watch for a breakout toward our TP. Could skyrocket… or maybe not 😅 – let’s see how it plays out! 📌 Note: Keep an eye on support levels and trade responsibly. Quick scalps can be exciting but stay flexible! Let’s go! 💪💎
Long
by minno91
Bitcoin will reach resistance line of channel and then dropHello traders, I want share with you my opinion about Bitcoin. The current market structure for Bitcoin is defined by a well-established upward channel that was formed after the price broke out of a prior triangle consolidation. This bullish pattern has been guiding the price action of BTC higher through a clear sequence of higher highs and higher lows between its dynamic support and resistance lines. The market has just completed another full upward rotation within this structure and is now positioned at a critical inflection point. Currently, the price is directly testing the upper boundary of the channel, which forms a powerful confluence of resistance with the horizontal 113500 - 114000 seller zone. This area has historically been a strong barrier where price has reversed on previous occasions. The primary working hypothesis is a short, rotational scenario, based on the expectation that sellers will once again defend this significant resistance confluence. A confirmed rejection from this seller zone would validate the integrity of the upward channel and likely initiate a new corrective swing to the downside, which would first need to break the current support level at 113500. Therefore, the TP is logically placed at 112400 points, a target that aligns perfectly with the ascending support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
18
AUD/NZD: Coiling for a breakAUD/NZD tends to run hard following a bullish breakout, putting the coiling price action within an ascending triangle over recent weeks on the radar for a potential long setup in the days ahead. A clean break above 1.1156 would allow positions to be established with a stop beneath the level for protection, targeting 1.1180 initially and 1.1250 after that. Given the proximity of the first target, price action around the level should inform whether to hold, cut, or add to the position. Both RSI (14) and MACD are providing bullish momentum signals, although there has been a moderation in strength recently. It’s not enough to avoid the trade if we do see a break, but it reinforces the need to be patient when assessing if and when to enter. Good luck! DS
Long
by FOREX.com
EURUSD 4H: Dual Scenario OutlookEURUSD 4H: Dual Scenario Outlook The EURUSD pair is depicted on a 4-hour timeframe, trading within a well-defined ascending channel (light blue parallel lines) that has guided price action from April to September, indicating an underlying bullish trend over this period. Several significant support and resistance zones are identified: a current '1st Resistance' (red band) where the price is currently testing, a 'Deciding Area' (grey band) which aligns with the channel's lower boundary, a 'Key Support' (green band), and a 'Long-term Support' (dark blue band). The current price (1.17325) is critically positioned, actively testing the '1st Resistance' zone, which has previously acted as a ceiling for price action on multiple occasions. Two potential scenarios are outlined: an immediate bullish move (upper dotted white line) targeting the upper boundary of the ascending channel around 1.2000 (indicated by the upper purple ellipse). Alternatively, the second scenario (lower dotted white line) suggests a rejection from the '1st Resistance,' leading to a retracement down to the 'Deciding Area' (grey band) and the lower trendline of the ascending channel, around 1.1600 (indicated by the lower purple ellipse), before any potential further move. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Long
by ManiMarkets
AVAXUSDT → Distribution of 8-month accumulationBINANCE:AVAXUSDT is testing the resistance of an 8-month consolidation. The market is showing positive signs that may indicate a possible rally... Bitcoin looks positive. If the flagship can overcome the upcoming 113K mark, BTC's growth could support altcoins, including Avalanche. AVAX has been consolidating for 8 months, and in the last few weeks, we have seen a directed movement towards strong resistance. Another retest led to a breakout, and if the bulls hold their defense above 25.9 - 26.5, a fairly active phase of realization towards 30.6 may begin. Resistance levels: 26.550 Support levels: 25.97, 24.88 I do not rule out the possibility of a retest of the local support and liquidity zone, but a return to the zone of interest (above 25.97 - 26.55) and consolidation above the specified border could provoke a distribution towards 30.0 - 45.0. Best regards, R. Linda!
by RLinda
12
EURUSD: Price Exit from Triangle and Start FallHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, EURUSD has been in a prolonged consolidation phase, forming a large symmetrical triangle. The price has been coiling between the major Support zone around the 1.1580 level and the key Resistance Zone up to the 1.1755 area, indicating a long period of market balance. Currently, the price is at a critical decision point, trading at the apex of this triangle. It is directly challenging the descending resistance line, and the contracting volatility suggests a powerful, decisive move is on the horizon for the market. My Scenario & Strategy My scenario is built around the idea of a potential 'bull trap' or a failed breakout. While the price may initially break the triangle's resistance line, I believe the major Resistance Zone between the 1.1735 and 1.1755 area will hold firm, as it has done in the past. I'm looking for the price to push above the trendline and into the Resistance Zone, which would likely trap optimistic buyers. The key signal would be a swift and forceful rejection from this area, pushing the price back down below the breakout point and eventually below the triangle's ascending support line. The primary target for this move is 1.1640, an objective below the current consolidation. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
7
BTC has formed an Ascending Triangle in a DowntrendWhat is Happening Here? If we take a look at Bitcoin, it's pretty interesting right now: we can observe an ascending triangle just formed. But this pattern took shape after a sharp drop in price. An ascending triangle is a bullish continuation pattern: - The resistance line stays horizontal (flat top). - The support line is rising, creating higher lows. So what does this mean? This indicates that buyers are gradually pushing prices higher while sellers are consistently defending the resistance level. And often with this pattern, the buying pressure overwhelms the sellers, causing a breakout to the upside. 🔹 Breakout expectation: - Wait for breakout confirmation always! (strong candle close above resistance with volume), and/or on a retest of the broken resistance (now acting as support). - With this pattern, if it breaks above strongly, the target can typically be measured by taking the height of the triangle and adding it to the breakout level. 🔹 Risk Factors: - False breakouts can occur (price temporarily breaks resistance but falls back inside). - If the pattern fails and price breaks below the rising trendline, it may signal bearish weakness. ✅ The reliability of the pattern increases on higher timeframes and with strong breakout volume. In summary An ascending triangle shows the following: Buyers are showing strength with rising lows, while resistance is being pressured repeatedly. A confirmed breakout above resistance could drive price toward a psychological target. Waiting for a strong breakout and possibly a retest helps reduce false signal risk. Not financial advice, just sharing my thoughts on the charts. Trade safely 😊
COINBASE:BTCUSDLong
by TrendDiva
74