After offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe. Similarly, the RSI Exhaustion at the bottom is consolidating as well. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation). Remember to...
the USDCAD price reached a daily resistance level and is in descending triangle pattern . the key level has broken 🔥 i'm waiting for a retest (sell confirmation) i predict a bearish move 📉 TARGET: 1.25587 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Concor broke out of triangle pattern on an hourly chart with okayish volumes. Could be bought here with mentioned stoploss & targets.
A breakout opportunity is forming on LTCUSDT. The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom. As of now, the breakout could be...
Alibaba Short Term - We look to Buy at 101.70 (stop at 87.10) Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Reverse trend line support comes in at 100.00. Dip buying offers good...
SRTransfin broke out of triangle pattern on 30 min charts with good volumes. Could be bought with mentioned stoploss & targets
Kellogg Company Short Term - We look to Buy at 71.09 (stop at 67.91) This stock has recently been in the news headlines. They are splitting into 3 strategic companies which will increase efficiencies. The stock reacted premarket by breaking out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. We...
The technical figure Triangle can be found in the Spanish company Banco Santander, S.A (SAN.mc) at daily chart. Banco Santander, S.A., doing business as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest...
Another Triangle play to add to the list. Gap down and through the line, but reversed and the bulls won the day. Thoughts lean toward filling the gap tomorrow if buying volume continues. Will likely take a long position if the signs continue to be bullish. If bearish signs appear in the morning I'll try and be patient. Wait for clear signs and go with the trend.
Rare triangle pattern on a weekly chart. I jumped the gun a little today and got in on the long side. Based on the market bottoming out today I'm bullish on this break. Will keep a close stop at 128 and target 180.
This is a rare weekly chart triangle formation. If the break continues bullish it could run to $54 price target based on the height of the back leg. I'll look at some July - Sep OTM calls and see what the IV and Delta's look like. If this runs it will run for a while. I'll start in small and add if/when the trend builds. Watching 5/10/22
INVESTMENT CONTEXT On June 9, the ECB governing council announced its intention to raise interest rates by 25bps in July; a "larger increment", possibly sized at 50bps, is envisaged for September if inflation persists For the third time this year the World Bank cut its economic growth forecast for 2022, this time to 2.9%, after January and April revisions...
There are 4 important S/R levels on $Suku chart to pay attention. A valid breakdown of $0.09 may provoke a 32% fall, as the next crucial support is at $0.06. That'll be a disaster. In a possible relief rally #Suku may reach prices as high as $0.20.
The price is testing the 4h resistance on the triangle. The price had a breakout from the dynamic resistance and now the market is testing the 0.618 Fiboancci level. If you look on the left you can see that the price has a supply zone on 2 - 2.1 $ How to approach it? The price needs to create a clear breakout from that area. If the price is going to get momentum...
Bullish scenario for Crypto Total market cap - triangle breakout to 1.714 This triangle target fit very well a huge volume profile resistance. Of course breakout to the downside has to be considered as well and is still more likely since we entered the triangle falling from the upside. What do you think? Drop me a nice comment. *not financial advice do your...
Hi everyone As we have seen a failure from MTR pattern,the bearish market was clear.Now we got ourselves a triangle and we have to see how does the price react. The reactions mostly happens near the support and resistance levels, so we got support levels of 1.625$ and the bottom of the triangle,and for resistance we got 1.8$ and after that we got the top of...
The price is creating an ascending channel below the daily resistance of 0.005$. As you can see the daily area is very strong for the market, and the price got several rejections from that area. How to approach it? IF the price is going to have a breakout from that area, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple...
Only Take a trade after a successful breakout set a nominal stop loss before taking any risk