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Triangle

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
China A50: Bulls eye 16,000 as triangle breaksThe China A50 contract has broken out of the ascending triangle it’s been trading in over the past month, putting traders on alert for a potential resumption of the prior bullish trend. However, having recently traded through 15000 on multiple occasions only to reverse back lower, the precondition to act upon today’s break would be to see the price close above the level. If that plays out, longs could be established above 15000 with a stop beneath for protection. One look at the recent price action tells you that once a sustained bullish breakout occurs, the contract tends to gravitate towards big figures, suggesting 16000 may be an appropriate initial target rather than nominating a specific extension level. If achieved, traders could assess based on the price action at the time whether to square or hold looking for a push towards the October swing high of 16322 set last year. RSI (14) has broken its downtrend and has now set a higher low above 50, pointing to building bullish momentum while not yet being overbought. The signal has been confirmed by MACD which has staged a bullish crossover in positive territory. The broader picture is one that favours longs over shorts. If the price cannot close above 15000, there may be better setups elsewhere. Good luck! DS
FOREXCOM:CHINA50Long
by FOREXcom
GOLD → Consolidation before continued growth FX:XAUUSD is undergoing a correction amid revised unemployment data, but this has not disrupted the overall technical situation. The market is still anticipating an aggressive reduction in interest rates... The price resumed its growth on Wednesday amid escalating geopolitical tensions and a weakening dollar ahead of the release of US inflation data (PPI). The price is correcting after a record high of $3675, but retains the potential for further growth. The escalation of the situation in Eastern Europe and the Middle East is increasing demand for safe assets. Expectations of Fed policy easing and a revision of employment data are weighing on the USD. PPI inflation data: Today's release may temporarily support the USD if the figures exceed forecasts, but the overall trend remains bearish for the dollar. PPI data is ahead, which may cause short-term volatility, but the long-term bullish trend remains intact. Support levels: 3640, 3628 Resistance levels: 3657, 3675 Technically, I expect to see a correction from local resistance to the 3645-3640 area, from which growth may continue. A breakout of 3657 could trigger a continuation of the momentum. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
25
EURUSD → Breakthrough of consolidation resistance. Rally?FX:EURUSD ends correction with a breakout of consolidation resistance. The market is waiting for a positive driver in the form of economic news that could support the growth of the euro... A breakout of the correction (consolidation) resistance has formed. However, the momentum is being replaced by a correction aimed at consolidating in the bullish plane, which could trigger continued growth in the medium term. The dollar looks weak, and expectations of interest rate cuts are supporting the euro. If the bulls keep the price above 1.17 - 1.172 within the current correction, the price may start to rally to highs... Support levels: 1.173, 1.1703 Resistance levels: 1.178, 1.183, 1.190 Before continuing to grow, liquidity may be captured relative to the previously broken consolidation resistance. A false breakdown of support at 1.173-1.170 could trigger a resumption of growth towards 1.190. Best regards, R. Linda!
Long
by RLinda
6
BNB Approaching Triangle Breakout — Long or Short Ahead?BNB’s price is consolidating within an ABCDE triangle . On the chart, two clear trendlines can be drawn: the descending line with 4 touches and the ascending line with 5 touches , highlighting the importance of both. If the descending trendline breaks, I’ll be looking for long positions, as the price would likely aim to set a new ATH. However, there’s still a chance of a drop within a standard ABC correction. If the ascending trendline breaks, I’ll be opening short positions with a target in the 810–790 range
by trading_mura
Unlocking the Power of Ascending Triangles in Bitcoin Trading!Hello everyone! 👋 In this analysis, we will explore a popular technical pattern in Bitcoin trading called the Ascending Triangle 🔺 . This is a useful tool that helps us identify potential trading opportunities, especially when the market is in a consolidation phase. Let's dive deeper! 🚀 1. Ascending Triangle Pattern 📊 An Ascending Triangle forms when the price consistently creates higher lows but faces resistance at a fixed price level. This indicates that buyers are in control, but the market needs a strong push to break through the resistance. 2. How to Identify and Read the Pattern 🔍 Higher Lows : In an ascending triangle, the price's successive lows create rising support levels. This shows increasing buying pressure and indicates that the price can’t drop below the established support. 📈 Horizontal Resistance: The resistance level is the area where the price fails to break through for an extended period, creating a horizontal line. For Bitcoin, the current resistance level is 113,000 USD. 🚧 3. Trading Strategy 💡 Wait for a breakout: This pattern typically leads to a breakout when the price exceeds the resistance level. However, it’s crucial not to enter the trade immediately when the price approaches resistance. You should wait for confirmation when the price breaks through the resistance and is followed by a strong candlestick. 🕯️ Enter after confirmation: When the price surpasses the resistance with high volume and a strong candlestick, that’s the ideal time to enter a buy position. This reduces risk when trading. ✔️ 4. Support and Resistance Levels 🔄 Resistance: The current resistance at 113,000 USD is critical. If the price breaks this level, we can expect a strong bullish movement. 💥 Support: If the price fails to break through the resistance, keep an eye on support levels like 110,000 USD or lower. When the price returns to these levels, look for signs of a recovery to find a potential buying opportunity. 💪 5. Risk Management ⚖️ Use Stop-Loss: To protect your capital, place a Stop-Loss below the nearest support level. This helps minimize risk if the price doesn’t move as expected. 🔒 Reasonable Profit Target: Set your profit target at the next resistance levels, such as 113,000 USD, 115,000 USD, and even 120,000 USD, which is currently in focus. Always control the risk-to-reward ratio in every trade. 🎯 6. Conclusion 🎓 The Ascending Triangle pattern is a powerful tool for identifying trading opportunities. However, it’s important not to rush into a trade but to wait for confirmation from the market before making a decision. Always remember to manage risk appropriately and follow your trading strategies. Now, it’s your turn to apply this knowledge in practice. Please like this post if you’ve understood everything and are looking forward to the upcoming lessons—it will be a huge motivation for me. 👍 Wishing you all the best on your journey to becoming an expert! 🌟 Trade safely! 🛡️
BITSTAMP:BTCUSDLong
by Kenn_Nguyen
8
ABCL 4H support test and triangleAbCellera Biologics stock is trading inside a triangle pattern and testing the key support at 3.90–4.00. Signals are showing that sellers are losing momentum: CCI prints a bullish divergence and the volume profile highlights accumulation above the current level. A breakout above the descending trendline around 4.30 could open the way towards 4.80 and even 5.60. From a fundamental perspective the company remains an important biotech player focusing on antibody-based drug development. The sector is highly news driven and any announcement on trials or partnerships could trigger sharp moves. As long as support holds buyers keep the advantage and the market looks like a spring that has been compressed too long and is ready to release.
NASDAQ:ABCLLong
by InvestWorld_777
BTC at a Crossroads: $114k Break or Retest $110k?BTC at a Crossroads: $114k Break or Retest $110k? Bitcoin (BTCUSD) experienced a significant downtrend throughout mid-August, eventually finding robust support around the $108,000 level. This price action formed a "Double Bottom" pattern, which is a classic bullish reversal indicator, suggesting a potential shift in market mo-mentum. Following this bullish reversal, BTC has initiated a recovery, currently navigating within an ap-parent ascending channel. It is now actively testing immediate resistance at the $114,000 mark, having recently demonstrated strength by bouncing off solid support established near $110,000. Should Bitcoin successfully break and hold above the $114,000 resistance, the next substantial area of overhead supply and a critical psychological barrier is identified between $118,000 and $120,000. This zone would represent the next major hurdle for continued upward movement. A definitive breakout above $114,000 to confirm sustained bullish momentum, or a rejection that could lead to a retest of the $110,000 support, potentially dictating the short-term direction. 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.
CRYPTO:BTCUSDLong
by ManiMarkets
ARVA - many patterns give one target - Amazing EGX:ARVA timeframe 1 hour Entry around 4.10 Stop loss at 3.75 (10% loss). Targets at 5.50 and 6.00 (up to 44% profit). Hourly chart shows a triangle pattern and bearish Gartley pattern. Daily timeframe also indicates a bullish pattern with the same targets. MACD and RSI support this analysis. Note: This is not investment advice—only my analysis based on chart data. Consult your account manager before investing. Good luck!
EGX:ARVALong
by tfcgeorge
1
SOLUSDT → Consolidation before the rally. New high?BINANCE:SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger... Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth... SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum. Resistance levels: 208.5, 212.25, 218.0 Support levels: 201.7, 197.4 Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245. Best regards, R. Linda!
Long
by RLinda
12
Dogecoin Wave Analysis – 8 September 2025 - Dogecoin broke daily Triangle - Likely to rise to resistance level 0.2600 Dogecoin cryptocurrency recently broke the resistance trendline of the daily Triangle from the middle of July. The breakout of this Triangle should accelerate the active impulse wave iii of the short-term impulse wave 3 from the start of August. Given the strongly bullish crypto sentiment seen today, Dogecoin cryptocurrency can be expected to rise toward the next resistance level 0.2600 (former monthly high from August).
Long
by FxProGlobal
EURUSD: Correction Before the Impulse UpHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, after exiting a prior Upward Channel, the price action has entered a lengthy period of consolidation. This price action has been forming a large ascending triangle, which is typically a bullish continuation pattern. The boundaries are defined by the horizontal Resistance at the 1.1740 level and an ascending support line. Currently, the price is trading in the upper portion of this triangle, having recently bounced from the ascending Triangle Support Line. We are now approaching the critical flat resistance at the 1.1740 level for another significant test. This Resistance Zone has successfully capped all rallies for several weeks. My Scenario & Strategy My scenario is built on the idea of one final corrective dip before the potential bullish resolution of this triangle. I'm looking for the price to pull back from the current levels and make a move down to test the Triangle Support Line. Therefore, the strategy is to watch for this bounce, which should then lead to a breakout above the 1.1740 Resistance. A confirmed break would validate the long scenario, with the primary target for the subsequent upward expansion set at 1.1840 points. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
8
Solana's Price Coils in Rare Bullish FormationSolana's Price Coils in Rare Bullish Formation, Hinting at a Potential Rally to $230 Solana (SOL) has captured the attention of the cryptocurrency market, with its price charting a course that suggests a significant upward movement may be on the horizon. After a robust gain over the past month and a powerful rebound from its recent lows, the high-performance blockchain's native token is trading within a classic technical pattern known as a symmetrical triangle. A decisive breakout from this formation could propel SOL towards a price target of $230 in the coming days, a move supported by strengthening on-chain metrics, resurgent NFT market activity, and bullish sentiment in the derivatives market. The digital asset has shown considerable strength, rallying to intraday highs well above the $200 mark before stabilizing. This price point not only marks a significant recovery but also positions SOL tantalizingly close to the upper boundary of its consolidation pattern. This technical setup, combined with strong fundamental tailwinds, is creating a compelling narrative for a potential bullish continuation. The Anatomy of a Bullish Setup: The Symmetrical Triangle At the heart of the current bullish thesis for Solana is the formation of a symmetrical triangle on its price chart, a pattern that has been developing over recent weeks. In technical analysis, a symmetrical triangle is characterized by two converging trendlines—one descending line connecting a series of lower highs and one ascending line connecting a series of higher lows. This pattern visually represents a period of consolidation and indecision in the market, where the trading range tightens and volatility contracts. It signifies a temporary equilibrium between buyers and sellers, often preceding a significant price move or "breakout." While a symmetrical triangle is technically a continuation pattern—suggesting the price will likely resume the trend it was in prior to the triangle's formation—it can break in either direction. However, for Solana, which has been in a broader uptrend, a breakout to the upside is the more anticipated outcome. Analysts are closely watching for a decisive close above the triangle's upper trendline, ideally accompanied by a spike in trading volume, which would serve as confirmation of the breakout. Multiple analyses converge on a significant price target should this breakout occur. The height of the triangle at its widest point, projected upward from the breakout point, suggests a potential rally that could take SOL to the $230 mark. Other technical strategists have identified targets in a similar range, with some pointing to the $230-$235 area and others looking at a near-term pivot range that could open the path toward higher targets. Strengthening this possibility are key momentum indicators. The Moving Average Convergence Divergence (MACD), a popular trend-following indicator, has shown its primary line crossing above its signal line, a classic sign of a strengthening uptrend and building bullish momentum. The Road to Recovery: A Powerful Rebound Ignites Momentum Solana's current consolidation does not exist in a vacuum. It follows a period of impressive recovery that has renewed investor confidence. After dipping to a notable low in the preceding month, SOL has mounted a formidable comeback of over 30%. This rebound demonstrates strong buying pressure at lower price levels and has established a solid foundation for the current market structure. Over the past month alone, SOL has registered a double-digit percentage increase in value, a period during which the symmetrical triangle began to take shape. This price action suggests that the recent consolidation is a healthy pause, allowing the market to digest recent gains before a potential next leg up. The series of higher lows established since late August is particularly constructive, indicating that buyers remain active and are stepping in to defend key support levels. The cryptocurrency is currently consolidating above a critical support level in the high $190s. This price zone is considered highly significant by on-chain analysts, as a massive volume of tokens has historically been traded at this level, creating a strong foundation of support that bulls are actively defending. Beyond the Charts: Fundamental Tailwinds Gathering Strength While the technical picture is compelling, a confluence of fundamental factors is adding significant weight to the bullish case for Solana. The NFT Ecosystem Reawakens A notable catalyst has been a sharp resurgence in activity within Solana's non-fungible token (NFT) ecosystem. In a recent notable 24-hour window, sales volume for Solana-based NFTs experienced a dramatic spike, more than doubling from the previous day's figures and reaching well into the millions of dollars. This surge propelled Solana to become the second-largest NFT market globally by daily sales volume, trailing only Ethereum. This spike was largely driven by the explosive popularity of certain new collections, which saw their daily sales volumes skyrocket by orders of magnitude. Other collections also posted significant gains. While the broader NFT market has seen fluctuations, Solana's performance showcases a notable relative strength and a growing appeal for its high-speed, low-cost architecture among NFT creators and collectors. This renewed retail and speculative interest in Solana's NFT scene could be a powerful driver of market momentum. Bullish Bets in the Derivatives Market Sentiment among professional traders, especially in the derivatives market, has shifted decisively toward a bullish outlook. Open interest in SOL futures, which represents the total value of all outstanding futures contracts, has seen a substantial increase over the past month, climbing by several billion dollars. This indicates a high degree of speculative interest and suggests a growing number of traders are positioning for a future price increase. Furthermore, SOL's weighted funding rate has remained consistently positive for an extended period. The funding rate is a mechanism used by perpetual futures exchanges to keep the contract price in line with the spot price. A positive funding rate indicates that traders holding long positions are paying a premium to those holding short positions, a clear sign that the prevailing sentiment is bullish and traders expect the price to continue rising. The Institutional Stamp of Approval A steady drumbeat of institutional adoption continues to provide a strong fundamental floor for Solana's valuation. The launch and subsequent inflows into Solana-focused Exchange-Traded Funds (ETFs) in North America have signaled growing confidence from traditional finance. These products have seen millions of dollars in inflows on strong trading days. This trend extends to corporate treasuries. The listing of Solana-focused companies on major stock exchanges, holding significant amounts of SOL tokens, brings considerable Wall Street exposure to the asset. This institutional demand, coupled with whale accumulation, where large holders have been observed adding to their positions, provides a powerful source of buying pressure. The Alpenglow Upgrade Adding to the long-term bullish case is the anticipated Alpenglow network upgrade. Approved by an overwhelming majority of validators, this upgrade is set to slash transaction finality times significantly, bringing them down to a fraction of a second. This enhancement would provide Solana with Web2-level settlement speeds, dramatically increasing its competitiveness in high-frequency applications like decentralized finance (DeFi) and gaming, and potentially driving a new wave of developer and user adoption. Navigating the Hurdles: Resistance and Risks on the Horizon Despite the overwhelmingly bullish confluence of factors, investors should remain aware of the potential risks and key resistance levels that lie ahead. The symmetrical triangle, until a breakout is confirmed, remains a pattern of indecision. A break below the lower support trendline could invalidate the bullish thesis and trigger a move to the downside, with potential targets at lower support levels. Even with an upward breakout, the path to $230 is not without obstacles. Solana faces immediate resistance in the zone just above its current trading range, an area that has been tested multiple times. A more significant band of resistance is anticipated in the range between $210 and $250, where sellers may look to take profits. Furthermore, some on-chain metrics suggest that while momentum is building, some long-term holders may be taking the opportunity to distribute their holdings, which could create selling pressure. The broader cryptocurrency market remains subject to volatility, and a downturn in major assets like Bitcoin or Ethereum could negatively impact altcoins like Solana, regardless of their individual technical and fundamental strength. Conclusion Solana currently presents one of the most compelling risk-reward setups in the cryptocurrency market. The formation of a rare symmetrical triangle on its price chart, following a powerful rebound, has laid the technical groundwork for a potential rally toward $230. This bullish structure is not merely a product of chart patterns; it is underpinned by a potent combination of fundamental drivers. A re-energized NFT ecosystem, overwhelmingly positive sentiment in the derivatives market, growing institutional adoption, and a landmark network upgrade on the horizon all contribute to a powerful narrative of growth and expansion. While traders and investors must remain vigilant of key resistance levels and the inherent risks of the crypto market, the evidence suggests that Solana is coiling for a potentially explosive move. A confirmed breakout in the coming days could validate the bullish setup and send SOL on the next major leg of its upward journey, solidifying its position as a leading blockchain platform for the future of decentralized applications.
COINBASE:SOLUSDLong
by bryandowningqln
HYPEUSDT → Upward consolidation. One step away from a rally BINANCE:HYPEUSDT.P continues to consolidate while maintaining an ascending triangle structure. Any bullish driver, even a weak one, could trigger a breakout of resistance and distribution with an ATH update... Against the backdrop of weak Bitcoin and falling altcoins, HYPE looks positive. The market is holding an upward support line and a bullish trend, and the update of the local maximum as a manifestation of bullish strength is a positive sign. The price is changing the local market structure to bullish and is ready to continue growing after a correction. Focus on the 46.15 and 45.5 - 45.08 areas. A false breakdown and closing above the level will confirm the readiness to continue growing. Resistance levels: 47.78, 49.54 Support levels: 46.15, 45.08, 44.45 As part of the correction, the price may test the specified areas of liquidity and interest, which may provoke a change in the market imbalance in favor of buyers. If, after a false breakdown of key areas, the bulls keep the price above, then in the short and medium term, we can expect continued growth. Sincerely, R. Linda!
Long
by RLinda
4