We observed two unusual breakouts on the DXY chart. The market had been in a consolidation phase for about a week plus, during which the price formed a triangle pattern and a horizontal range. Both the triangle support and the range were broken, indicating strength in selling pressure. This suggests that the price could potentially drop to the 105.00 support level.
Hi. BINANCE:FILUSDT FIL is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon. ✅ Due to the Ascending structure of the chart... 🟢 FIL has been Bullish...
Hi. BINANCE:DOGEUSDT DOGE is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon. ✅ Due to the Ascending structure of the chart... 🟢 DOGE has been Bullish...
this one might just straight up be an overkill but its all fun and games :) Happy Trading !!!
Reasons for bullish bias: - Ascending triangle breakout on weekly - Bounce from strong support that was previous long-time weekly resistance - Positive Earnings - Buy Stop order at HH breakout for further confirmation - DOW theory Alignment Here are the recommended trading levels: Entry Level(Buy Stop): 162.19 Stop Loss Level: 152.98 Take Profit Level 1:...
ABCAPITAL formed an ascending triangle pattern on daily chart. Price broke out of the candle early. However, there was some period of consolidation and could notice price acceptance at new levels. Resistance level were tested multiple times and price broke with strong volume. Moreover the breakout candle gaped up indicating strong buying pressure. While...
Symmetrical Triangle Pattern on Gold (XAU/USD) H1 Chart A symmetrical triangle pattern has been identified on the H1 chart for Gold (XAU/USD). Here's a breakdown of its characteristics: Description: This pattern is formed by two converging trendlines, one drawn above the highs and another below the lows, with price action oscillating between them and creating a...
🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢. 📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns . 🌊According to the theory of Elliott waves , it...
While everybody is asking why the sell off yesterday and now switching to bear mode, this one is doing its thing. I think the market has punished enough this stock in short term, and investors are buying. The strategy here is buy some now, if it drops to the base of the large triangle buy more (around 145), if on the other hand breaks up the falling wedge buy...
Hi. Honestly, I don't feel like explaining because the chart says it all. ✨Targets are: 🎯$0.07970 🎯$0.08370 🎯$0.085 🎯$0.08963 🎯$0.09429 ❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas,...
Tesla is getting way oversold and has reached an important support of the line linking the lows which represents the bottom of its large triangle pattern. We are expecting at least a rebound here but potentially the start of a new upleg as long as the $136 area holds. A break above the upper line of the triangle near $235 would open much higher levels while a...
BINANCE:XVGUSDT , 4h On the daily timeframe, price is trading around a previous swing low area which is also above the 200SMA suggesting the long term trend is bullish. On the 4h, two chart patterns are emerging; 1) Descending Triangle & 2) Cup and Handle. It is prudent for traders to wait for break out or break down of the pattern to initiate a trade. For a...
FX:EURUSD is forming a bearish trend amid a fundamentally strong dollar index, which is in a bullish rally phase, which is generally negative for the euro. Price broke a strong support line earlier on the global timeframe. Consolidation is formed below the line, which in general determines for us a medium-term perspective, the target of which may be 1.052,...
Hi guys The resistance area of $686.3 is a long-term area and is basically our previous ceiling. If this resistance zone is completely consumed, the upward trend can be expected to continue up to the price range of $832.8. on the four-hour time frame; Provided that the previous floor of the price and the upward trend line are maintained, we expect an upward...
- Market Sentiment: Bullish Bias - Weekly Chart Analysis: Violation of Recent Resistance Indicates Strength - Trade Plan: Buying Opportunities Favored over Shorting Analysis: - Market Sentiment: Maintains Bullish Bias on US Dollar, despite market volatility - Weekly Chart Analysis: Notable violation of recent resistance level on the USDJPY Weekly...
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time traded near the resistance level, which coincided with the seller zone and later made an impulse up to 644 points, but at once turned around and made a strong impulse down to 500 points, thereby breaking 583 and 523 levels. After this, the...
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The USDJPY is in a Bullish phase by Ascending Triangle & Cup & Handle. 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Ascending Triangle previous analysis ⭐ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️...