As I charted, I was expecting e to touch around 11,400. It did hit that target and now it is on an uptrend and expected to hit following target. First Target from abcde correction is 0.0015240. Second from Cup and handle is 0.0020642. Third is wave 3 targeting 0.0031224. I am not a financial advisor. I am just sharing my believes and thought. I do not recommend...
Triangles are Powerful, most traders can agree on that...
This EURUSD M30 chart is a textbook triangle formation.
If it breaks above, your a buyer
If it breaks below, your a seller
Wait for a Break, Hook, and make your entry!
Thanks everyone, have a great week and let us know below if you are a triangle trader as well :)
0.0008324 looks like the baseline for now.
From the red line (0.0008324), the price will probably jump and hit the top of the blue triangle,
and It will gradually gain a momentum to hit higher price following the Fib Time Zone.
Before dramatic trading volume increase (of total crypto market),
keeping shortterm trading is not a bad idea.
EurUsd is forming a nice and clean rising pattern.
You can short for the moment but wait for 50% fib retracement for a buy opportunity around 1.2103 S3 level.
We are looking for a buy on Verge with our first take profit at the 0.4000 Region. Price may continue to correct into the weekend or we may get an impulse to end this correction. Do not miss this investment.
TECHNICAL ANALYSIS:
Lumens seems to be following this same trend with triangles forming.
Based on what I can tell from previous behavior and patterns, I think that Lumens will increase and test .32 or potentially even .42 by the first of the year.
If I had to stop put a stop limit, I wouldn't because I will HODL as I believe in the fundamentals of Stellar...
LTC BITFINEX:LTCUSD is looking like a breakout is coming BUT we need another leg down to complete the D-E within the triangle. This analysis is marked Long because I simply see this as a buy setup.
Hourly LTC BITFINEX:LTCUSD
RSI matches our A-D so far throughout the triangle on all time frames which is one of the biggest mistakes traders miscalculate...
My call for ETH is a target price of 380 (leg D of Elliot triangle), then bouncing back down from upper trend line completing leg E where it should test support and break out for new highs. We still need a lot more volume to reach D on time for the correction to take place before the end of November.
Please: comments are more than welcome!!
This is the advanced triangle breakout strategy. So the price had broken the ascending triangle, it retest the previous resistance which now becomes a support and now is looking to retest level 16.00. Breaking the current trend bottom can cause to retrace to previous support / uptrend line.
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