⚠USDCHF is currently at the top of an ascending triangle pattern on a short-term chart. This formation is typically seen as a strong indicator of bullish momentum in an upward trend. A breakout above the neckline at 0.9152 would confirm this bullish pattern, with a potential target of 0.9220.
VANTAGE:USOUSD Spot crude oil is showing a megaphone pattern on the 4H chart. This suggests increased volatility due to buyer/seller indecisiveness especially when the price action is near the upper and lower lines as well as the midline. The link below goes to a tutorial on how to trade a megaphone pattern.
🚨Bitcoin started to fall again after the news of a possible War between Iran and Israel and reacted well to the 🟢 Heavy Support zone($61,100-$58,690) 🟢. 🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($66,100-$64,500) 🔴. 📈It also seems that Bitcoin has managed to break the lower line of the Symmetrical triangle , and at the same time, it is forming...
Hi. BINANCE:BTCUSDT Chart is Speaking It Self!!! Simple analysis... It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected. Stay...
As usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47...
The outlook for CADJPY is bullish. Price is forming an ascending triangle and is currently trading near resistance. There are three possible outcomes for CADJPY: Price breakout to the upside. This is the most likely scenario, as the price is forming an ascending triangle and is currently trading near resistance. Price bounces off of support and continues to...
FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly. Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at...
XRP has formed a MASSIVE multi-year triangle. Combine this with multi year MACD and RSI in very bullish posture we are really on the precipice of an explosive move in the coming weeks / months. This is a long term play and I think will take a while to happen. Once we get above previous ATH I'm looking at $10 - $20 for the long term target. Patience will be...
Aspen is consolidating in a symmetrical triangle, it has good support in the triangle and the median line of Pitchfork. On the weekly perspective we are in time for a half cycle correction hence I expect the price to resolve upwards. The stop-loss is R185.41
Hi. BINANCE:FTMUSDT Today, I want to analyze FTM for you in a 4H time frame so that we can have a MID-term view of FTM regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). A breakdown and successful retest of the pattern would confirm bearish momentum However, if price is able to reclaim...
DELHIVERY observing a falling trendline and forming a symmetrical triangle pattern on the weekly timeframe.
FARM/USDT is on the cusp of a potential breakout. The strategy is to wait for a clear break above the current resistance, followed by confirmation on a lower timeframe. This confirmation will be our cue for an approximate entry point. We’re targeting substantial gains with a precise stop loss to maintain a 3:1 risk/reward ratio. Stay tuned for the breakout and...
OM/USDT is positioned for entry on a breakout of a significant level, with buyers pressing the price for an upward move. No additional confirmations needed; we enter on momentum. Aim for a $1.144 target with a stop loss at $0.744, maintaining a 3.03 risk/reward ratio. Buyers' pressure indicates readiness for a bullish run. Engage now to capture the ascent!
The pirce can not even reach 73k and then get through the red trend line of this bullish. As I pointed in the earlier post, the triangle doesn't complete yet. If the downward momentum is very strong, we can expect a considerable fall. Please leave your cherish idea below and follow me if you agree with my opinion.🥰
Reliance formed symmetrical triangle could continue could reverse i will wait
A triangle is invalidated, another is born and is monitored again. The graphic patterns, as I always write, depict the market's intentions and not the future, they are hypotheses, so they can be invalidated and change scenarios in an instant. Yesterday we had proof of why I am often very cautious and always repeat the same things about prudence and stop losses....
Hi BINANCE:SYNUSDT SYN was in a descending triangle but now this pattern has been broken downward so we expect a bearish movement as much as the measured price movement (AB=CD).there is a strong support for SYN at $0.80 which was the point where the price started to Increase from the last dump! Traders, if you liked this idea or have your opinion on it,...
As we can see fron the chart, the BTC for ming a bullish triangle. I believe after breaking the triangle, BTC will make new ATH.