Potential for another leg up to 46k-48k region for BTC if this can break the triangle pattern. Clean invalidation below 43k2. Could be nice setup to long here with good RR.
Facts: In last 30 mays, 26 875 BTC was mined. In same period, MicroStrategy has purchased 16 130 BTC. Purchased amount equates to 60.0% of total Bitcoins mined in given time period. Price action: On above chart we can see that supply is drying up, hence higher lows. Also, while expecting higher prices, nobody is willing to buy higher, resulting in same...
ADAUSDT 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. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _...
BINANCE:JASMYUSDT is moving to the phase of realization of accumulated potential. On the background of signal from moving averages the market before resistance forms pre-breakdown consolidation. As a result - breakout of the global trend resistance. If you pay attention to the COINBASE:BTCUSD chart, the CRYPTOCAP:TOTAL chart (Total Cryptocurrency Market...
USO on the weekly chart over the past two and a half years makes a symmetrical triangle patter with the upper and lower trendlines drawn in. Price appears to be dropping out of the pattern in a breakdown and she now yet tested the prior support trendline as resistance. The Stochastic RSI and Zero Lag MACD are confirmatory. The Relative volatility indicator...
Amgen has been stuck at its current price area for almost 3-1/2 years, but now some traders may expect its longer-term uptrend to resume. The first pattern on today’s chart is the $255-260 price zone. It roughly matches peaks in the summer of 2020, the spring of 2021 and the spring of 2022. AMGN ripped through it late last year, pulled back and stalled at the...
Hi folks today I'm prepared for you Euro analytics. A few days ago price declined from the support level, which is located in the support zone to the trend line. After this movement, the Euro rebounded from this line and started to trade in a triangle, in which the price rose higher than the 1.0650 level, thereby breaking it again and later correcting to the trend...
dec 6/12/23 swing trade perfect symmetrical triangle long term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
FX:USDCAD is in the phase of trend change. The price begins to form the boundaries of the descending channel, at the same time, against the background of local strengthening of DXY, the currency pair is forming a correction to the resistance area. On d1 we see a global bearish trend in both TVC:DXY and USDCAD currency pair The price is testing the key...
COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market. Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance,...
Observations: Over the Monthly timeframe it just made breakout of TRIANGLE pattern, along with crossing 200-ema, R1-Fibpivot. It seems to be in sync with Media index. Which is also just at its R1-Fibpivot. Both index & stock are looking bullish.
This stock had previously bounced off with good volumes from the constant upward rising demand zone and it has done the same from the same zone on Tuesday's trading session. 24000 is a good support area for the stock and the reversal point of 23883 is an important low to be considered if the current uptrend is to be held. On the upside the 24500 zone is the...
GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️
1) good news for the stock 2) Stocks reacting on news 3) news and pattern breakout beauty ful combination 4) run a wide gap up in cahrt 5) Volume-supporting chart go upside move
Wait patiently and see if it breaks out of the triangle and breaks the July resistance. Go Long for aggressive or wait for a pullback at the resistance that becomes the support. I'm not an experienced trader, so do your analysis before entering.
BTC1! on the 6 hr time frame has an Ascending Triangle. "An ascending triangle pattern predicts a bullish breakout above the resistance area, typically around the time when the ascending line of the triangle would intersect the horizontal resistance line. Ascending triangles form due to of accumulation following a sustained uptrend." Next projected target on 6hr...
BTC breakout and closed a few 4 hours candle above 35350 from the ascending triangle it also back tested the breakout on the top and successful bounce of it. The price target for this pattern is measure with the height of the triangle and that should put us around 38,000.00
Good risk / reward ratio on this trade. Ascending Triangle. - Target Entry: $485.50 - Stop Loss: $474.67 - Target Exit Conservative: $520.50 - Target Exit Aggressive: $545.52 - Risk / Reward Ratio: 3.23 / 5.54 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be...