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Ascending Triangle

GOLD BREAKS ASCENDING TRIANGLE OUTSometimes, you have to see the things from a different perspective, the chart of Gold against major currencies, writing this on the chart: "" TVC:GOLD/((FX_IDC:CHFUSD+FX_IDC:EURUSD+FX_IDC:GBPUSD)/3) "" you can observe that the price has successfully broken out from a long accumulation inside an ascending triangle and that it's about to break the all time high meanwhile if you look at the gold chart against dollar, there is a 4.5% remaining to reach the All time High. I have been watching gold for a while and in my opinion it can be a good investment for the coming years and taking in to account the recent actions of the FED you can see what is the store of value number one. It always was and It always will be. Just a small point, in December of 1913 the FED was created and one ounce of gold was worth 20.65$ now, today, more than 100 years later it is worth 1990$. You can see this in two ways, the gold went up a 9536.80% or the dollar went down a 98.96%. Imagine if you had keep your savings in dollars for all that time. Now, going back to the idea, as you can see in the chart, the first target of the trade is 2229$ which is the height of the triangle and I think that can be easily reached within this year. About the entry, I would recommend wait for a retest of the breakout point, but taking in to account the current situation the chances of retest are not high so to enter now can be a good option. I recommend to set a stop in 1595 because you can never be sure and the first is to preserve your capital, then grow it. Basing my opinion in the Fibonacci Levels, I think that GOLD can easily reach 4085 in the coming years as level 1.618. I hope that you found useful this idea, I will be happy to see your opinion in the comments and don't forget to give a boost if you agree.
TVC:GOLDLong
by piccard54
GOLD → Profit-taking and another war. Opening with a GAP?FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly. Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at relatively cheap prices. From Saturday to Sunday the next and not unimportant armed conflict between Iran and Israel is developing, which in general can affect the prices of commodities and futures quite strongly. On H1 the price is declining to the trend support and is testing the liquidity area of 2330-2350. In all likelihood, the market may open with a gap on Monday amid the crisis in the Middle East. The area below 2328 may still remain protected and play an important role in price formation. Resistance levels: 2354, 2400, 2428 Support levels: 2328, 2303 Fundamentally everything is quite complicated and not stable, Gold still plays an important role as a hedge asset and interest in the metal is getting stronger, the growth from 2300-2350 is likely to continue COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
36
The market's intentions for btcusd.A triangle is invalidated, another is born and is monitored again. The graphic patterns, as I always write, depict the market's intentions and not the future, they are hypotheses, so they can be invalidated and change scenarios in an instant. Yesterday we had proof of why I am often very cautious and always repeat the same things about prudence and stop losses. Help for this hypothesis of the ascending triangle could be given by the macd, in divergence with the price which, while the latter marks ascending lows, the macd signals increasingly lower lows crossing downwards, demonstrating that we are in a correction that is for now short but which could even be of a higher degree, we cannot say for sure. One thing we can do is do nothing if we are already in and the stop loss is far away, because yesterday's movement, although very strong, comes after a very powerful and long-lasting rise, which started on January 23rd if we look at the medium term and from September if we look at the intermediate period. While you are out and want to buy, you could wait for the 58k USD as many are doing, or wait for the intermediate correction, unless this is underway, there will be other opportunities to snatch lower prices. If instead you want to go short I wish you the best, you might even guess, but know that you would be against the underlying trend.
BITSTAMP:BTCUSD
by Melupira89
BNB is Expected to Move Upward!Hi. BINANCE:BNBUSDT Today, I want to analyze BNB for you in a 9H time frame so that we can have a SHORT-term view of BNB regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). BNB is testing the important zone on 9H timeframe Ascending Triangle pattern is completed and broken. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 AB=CD 🟢symmetrical Triangle Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
Bitcoin On The Way To 85K!!!Hi. COINEX:BTCUSDT Today, I want to analyze BITCOIN for you in a 9H time frame so that we can have a SHORT-term view of BITCOIN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). BITCOIN 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. ✅ Due to the Ascending structure of the chart... 🟢 BITCOIN has been Bullish Recently! 🟢 The odds of another Bullish Movement is High! 🟢 Ascending Triangle is Visible on The chart! 🟢 No break out yet! Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
$ALT road to $1 👀Hi. BINANCE:ALTUSDT Today, I want to analyze ALT for you in a 6H time frame so that we can have a SHORT-term view of ALT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 AB=CD 🟢Ascending Triangle Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
GOLD → The target is the same. Waiting for a breakoutFX:XAUUSD continues to grow. Yesterday there was an emphasis on the liquidity area located near the previously broken channel boundary and the level of 2328. A false breakdown resumed the rise and today the price reached 2354. Since the opening of the session, the price is heading again and testing the new global high formed on Monday. Based on the fundamental reasons and technical component at the moment the growth will continue. It is worth emphasizing on 2354. The break of this level will form the continuation of growth to 2375 and further to 2400. Resistance levels: 2354. Support levels: 2328.4, 2342 Technically, a small correction or a pre-breakout flat may follow from 2354 before the subsequent growth towards 2400. Gold is rising purely as a Haj asset that finds its use in times of crisis. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
BITCOIN $BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOINBITCOIN BITSTAMP:BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOIN BUY/LONG ZONE (GREEN): $71000 - $83000 DO NOT TRADE/DNT ZONE 1 (WHITE): $68500 - $71000 DO NOT TRADE/DNT ZONE 2 (WHITE): $63000 - $68500 SELL/SHORT ZONE (RED): $52000 - $63000 Weekly: Bullish Daily: Bullish 4H: DNT The DNT zones are separated into two and can also be used to create expanded zones for the bearish and bullish areas. The zone is split at the 68500 level because this holds structural impact on the lower timeframes and is roughly where price should create a new support level at for the ascending triangle pattern that can be seen on the Daily timeframe down to the lower timeframes. Whether price further creates bullish support or breaks through the level and down into the bearish area, the 68500 level is my main trend determination for the lower timeframes. The ascending pattern can also be seen on the Weekly but is more so shown as a tight range and does not show as much detail as the Daily and 4H pattern did. My main focus for looking for entries is going to be on the 4H timeframe and try to follow the chart pattern of the ascending triangle, whether it respects it or breaks it. The bearish target was determined by where previous bullish momentum had started, about a 17% drop from the start of the bearish area. The bullish target was made to roughly match the same percentage distance as the bearish target, which is where the 83000 level came from. Previous CRYPTOCAP:BTC analysis is linked below! This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, bitcoin, bitcoin price, bitcoin halving, btcusd, btc, CRYPTOCAP:BTC , BITSTAMP:BTCUSD , bitcointrades, bitcoinlong, btcusdlong, bitcoinshort, btcusdshort, bitcoinanalysis, bitcointrend, bitcoinrange, bitcointriangle, triangle, ascendingtriangle, chartpatterns, trianglechart, ascendingtrianglebreakout, chartpatternbitcoin, bitcointriangle, bitcoinhalvingschedule, bitcoinbreakout, bitcoinrange, bitcoinrangebreakout, triangularpattern, flag, bitcoinpatterns, bitcoinchartpatterns, btcpatterns, btctriangletrade, btctrianble, btctrend, btctrades, btclong, btcshort, btcrange, btcbreakout, btcbreakdown,
IBKR:BTCUSD
by TonyAiello
BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?BINANCE:BTCUSD is trading in a neutral market. After updating the global ATH the market did not let the price to this zone, strong support levels are formed from below. The conglomerate of strong zones in general indicates that there is no clear potential at the moment and consolidation will continue further. The price is trading within a range, the boundaries of which are narrowing and beginning to remind us of a symmetrical triangle. The disadvantage of this pattern is that it is not clear in advance in which direction it will go, some people consider the setup as a figure that can continue the trend, but it all depends on a variety of reasons. In the combination of technical and fundamental analysis, there is a higher probability that the price will further test the resistance for a breakout. What to do now and how to trade at the moment? Price is in a range. Global range is 73679-59313 Local (current) range: 68577 - 64780 Within the framework of medium-term trading: All that remains is to wait for the market to start taking action to move price out of the range: - 71572 - 73679 resistance may affect the continuation of growth. - It is also worth paying attention to the supports: 61447, 59313. False breakdown and liquidity capture will also favorably affect the growth. Within the framework of intraday trading: It is worth paying attention to all levels indicated on the chart. These are potentially important zones, relative to which strong intraday movements can be formed. It is possible to trade both false breakout and breakout of intermediate zones. Resistance levels: 68577, 71572, 73679 Support levels: 64780, 61447, 59313 Technically and fundamentally the market is ready to go higher, but there is an important event ahead - halving, within which before further growth there may be liquidation of buyers and decrease of BTC to more profitable prices. Analytical companies also say that the general mood in the market is changing, which may lead to a correction, but funds continue to buy the asset BINANCE:BTCUSDT CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
BITSTAMP:BTCUSD
by RLinda
19
BTC/USD 4H Analysis: A Prelude to the Halving EventAs we inch closer to the much-anticipated Bitcoin halving event slated for April 20th, the BTC/USD pair presents a fascinating narrative on the 4-hour chart that deserves a meticulous analysis. The halving, a scheduled reduction in the reward for mining new blocks, historically acts as a catalyst for significant price movements, making the current landscape especially noteworthy. SMA200: The Beacon of Uptrend The price trajectory of BTC has recently rekindled its affair with the 200 Simple Moving Average (SMA200), a critical indicator of long-term health. After a brief sojourn below this marker, which had traders biting their nails, BTC's price has resurged above the SMA200, reinforcing the prevailing uptrend. This movement suggests a robust bullish sentiment that refuses to bow down to transient bearish pressure. Ascending Triangle: The Prelude to Breakout The formation of an ascending triangle on the chart is a textbook signal for traders. This pattern, characterized by a horizontal upper resistance line and a rising lower support line, hints at a consolidation phase gathering steam for a potential breakout. Given the timing, this breakout is anticipated to occur before the halving, possibly ushering in a significant price rally. Pivot to R1: A Target in Sight The monthly pivot points, serving as a compass for potential support and resistance levels, have painted a target that seems within reach. The R1 (Resistance 1) level, positioned at approximately $77,000, emerges as the next frontier for bulls. Remarkably, BTC has consistently met all R1 targets since last October, adding a layer of credibility to this projection. As we approach the halving, reaching or surpassing this milestone could be a testament to the market's optimistic outlook. Conclusion: A Confluence of Signals With the backdrop of the impending halving, the technical indicators weave a compelling narrative for BTC/USD. The reclamation of ground above the SMA200, coupled with the formation of an ascending triangle, sets the stage for a potential rally. The historical adherence to monthly pivot R1 levels further bolsters the case for upward movement. Traders and investors should keep a keen eye on these developments, as the days leading up to April 20th could be pivotal for the cryptocurrency market. In essence, the confluence of these technical signals suggests a bullish scenario unfolding in the run-up to the Bitcoin halving. As always, market participants should balance optimism with caution, considering the volatile nature of the crypto space.
KRAKEN:BTCUSDLong
by TradingClue
GOLD → Could NFP cause a counter-trend correction?FX:XAUUSD within a strong rally stops and forms a flat before the publication of NFP. Relative to 2288 a false breakout is formed, bringing sellers into the market. The dollar is in a correction phase, as is gold. The price is testing the local low of 2267.67 but still does not reach the strong liquidity zones of 2265, 2228, 2222. There is still a strong buyer in the market, but after the correction and the false breakdown of 2288 a seller appears. NFP is ahead, a rather important news, which can both turn the market and strengthen the current movement. It is worth paying attention to the resistance at 2288 and 2305. There is a chance to see the continuation of counter-trend correction, but before that there is a chance that a big player will drive the price to ATH before further decline to the specified liquidity areas: 2265, 2228 or to the support of the formal channel. Resistance levels: 2288, 2305 Support levels: 2265, 2228, 2222 Technical factors are not enough now to specify the key areas for opening sales or purchases, so it is worth to base on the fundamental reasons and strong resistance and support areas. TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
13
USDJPY → Rate hike negatively affects JPY USDJPY is preparing to continue its bullish trend amid strong sell-offs of the Japanese national currency. Medium-term target could be 155.0 Amid the change of tactics of the Japanese central bank, traders are still negative towards the JPY and are still very much increasing short positions. On D1 the market still has a strong buyer in the currency pair, this can also be interpreted as the absence of a seller. Previous: The central bank broke out of the negative rate trend by raising the interest rate for the first time in 17 years. Resistance levels: 151.786 Support levels: 150.800 Technically and fundamentally, the currency pair is preparing for the continuation of the bullish trend. A breakout of the nearest resistance will signal a continuation of the upward trend Regards R. Linda!
Long
by RLinda
4
BITCOIN can ascend further ! What Shall we Expect ?Hi. COINEX:BTCUSDT ✅Today, I want to analyze BTC for you in a 4H time frame so that we can have a Short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). As you can see, BITCOIN is in an ascending channel and also recently managed to break the ascending triangle, if the price follows this pattern AB=CD will happen and the price will grow to top of the channel. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Ascending Triangle 🟢 bullish channel ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
3
Ascending Triangle breakout for GTII GTII appears to be one of the cannabis companies in America holding their market cap relatively intact. There is an ascending triangle pattern on the verge of breaking out, and like clockwork cannabis reform in America is a hot topic to capture voters of all ages. “There’s no excuse for our not being in the forefront for something that is now legal for 97 percent of the American public and, where people have a chance to vote, they vote to change the policies,” Blumenauer said. “I am hopeful that we can see some action following through on the legislation I passed—but, more importantly, on the things that the American people want.”
CSE:GTII
by satoshi123
Bitcoin - All time high TRAP - 33% CRASH soon!Bitcoin almost reached an all-time high, but not yet. Wait for it; it will go above the previous ATH from 2021 pretty soon! And what happens after that? A lot of people will start buying the new all-time high, the news will be full of articles, and retail trades will buy the peak. Whales need liquidity, especially on BTC, so they will trigger a massive crash after that. I am expecting a 33% crash back to 50,000 - 47,000. But first, Bitcoin should hit 72,000 - 73,000. From the Elliott Wave perspective, we have almost completed wave (3) of the entire bull market, and we are going to experience wave (4) soon. Then I am expecting wave (5) to finish the bull market; sometimes wave (5) can be super-extended and stronger than wave (3).  What's more, we have a huge unfilled fair value GAP below the current price, as you can see on my chart. These gaps tend to be filled sooner rather than later. My suggestion for you is to wait for much lower prices. Buy Bitcoin at around 48,000 - 50,000. Do not FOMO in! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
148