Monthly timeframe seems to be forming a symmetrical triangle with PA resting just above the 200 EMA. Relative strength index in a make or break position where we will bounce from over a decades support, or breakdown and visit oversold conditions. Fisher is at the lows and looking to start pointing up. We are also looking at a potential double bottom with the covid lows.
USOIL on the daily chart is in a strong bullish trend. The price is trading below a daily resistance and above an ascending trendline in an ascending triangle pattern. How can we approach this scenario? The current european-russian situation put the energy markets under high pressure and increased volatility. We will check if the price will break above the...
Will be interesting to see if this level is support for a while. Also the RST I drew last year sure worked , wow if it sees the high line.
Personally I think theres a bigger chance of a continuation of the downtrend rather then a breakthrough the upside of the triangle. Time will tell. Either way I have prepared myself for both possible scenarios. Feel free to give feedback!
The bottom side of this triangle was confirmed multiple times now. Waiting for a test of the upper side and/or just a breakout. The next target zone will be around 250-255 USX.
AUSTRALIAN DOLLAR / JAPANESE YEN 🟡🔵Chart is speaking it self! -AUD/JPY is in a Big Ascending Triangle! -No Break out Has Happened Yet! -AB=CD So It can Increase as Much as The Measured Price Movement -For Now It Is Expected To Move To It's Target & Resistance at 86$. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea...
XAUUSD In Daily timeframe: Gold was in a triangle that just broke yesterday. it has the ability to reach the shown targets in 1960$ and 2075$.
The SPROTT Physical Uranium Trust TSX:U.U is showing a triangle formation on the daily chart. There is a number of reasons why I am inclined towards higher Uranium prices: 1. Rising inflation. 2. Rising commodity prices. 3. Supply chain problems (although doesn't apply to Uranium that much). 4. Energy Crisis! 5. The world starting to see that Nuclear energy...
Price fractal from the 2018 bear market. Been following to a T so far and fits with the triangle correction that seems to be playing out. Likely price manipulation to cause the increase to the top of the triangle due to the low interest currently and low volume on the last move to ATH. Credit to TXMC from Alpha Beta Soup for this insight.
Quick and dirty BTC/USD 1hr chart update. BTC has found support from its Bollinger Bands Middle Band Basis 20 Period SMA on this 1hr timeframe. Note that we have expansion of the Upper and Lower Bollinger Bands and this expansion is for Positive Momentum. BTC is also back above its Least Squares Moving Average (LSMA) for this 1h timeframe. A close above the LSMA...
Here we look at a possible 3 week trading range for LUNA. Trading the short term can be very tricky because we have Kujira’s buyback function for liq bLUNA always ready, major cascadations are usually due to leveraged borrowers being wiped on Anchor protocol, and UST minting causing reduction of LUNA supply. In the long term, my bias for LUNA is always bullish....
CMP: 1456.10 Symmetric Triangle Pattern Entry on upside break of the triangle Upside Targets: 1540, 1570, 1605 (Based on pivot levels of hourly time frame)
Currently at buy Zone 444 SUP is at 435/416/393 Ascending triangle pattern Target of 500/600/650
USDCHF appears to be consolidating at the end of a triangle. Not sure where it will go in the long run. On the 4 hour chart with Daily RSI, it may be headed back down in a few days. I'd be interested to see what it does at the historical levels.
Can see a small bounce upward to 50, there is also a descending triangle so be cautious.
In our previous original BLZ analysis, we talked about how price to go over $1 and up to $2 eventually. However I recently discovered the price data on Binance was not complete, hence a re-analysis. Just like the others published recently, turns out this is also a First Wave Extension. Trade Idea Enter with stops below the triangle and target previous local ath...
Hi Traders In my opinion, the selling pressure is not clear yet and I give the possibility of forming a triangle, I think should have a retracement which is normal and then .. We have to wait and see what will happen I'll let you know with ACTIVE Function If you want to know 😊 Good luck! Happy/Love Pips ❤️💰🎯
Welcome to this quick FTM /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-FTM /USDT Ascending triangle pattern create an upside trend line break after retest and by the green zone Entry:-$1.74, $1.78 Traget:- 30% to 35% Stop loss:-$1.71 with leverage 5x to 10x Remember:-This is not a piece of financial...