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Ascending Triangle

Dollar index DXY - Everything collapses because of this! Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases. The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart, 2025 seems like a reasonable year for a trend reversal of this ticker. Keep in mind that this is the monthly chart for DXY and the price is printing a massive parallel channel on the linear scale and also on the log scale as well. As per my Elliott Wave analysis, we are currently in the strongest third wave and I expect to touch the upper trendline of the parallel channel before we can experience a corrective fourth wave. After that, the 5th wave will come into play, and we can definitely throw over the parallel channel and find resistance at the previous swing high from 2001. The DXY is a great indicator for traders and everyone should keep an eye on it. Interest rates are going up, and this is a negative indicator for the stock market. Look at my ideas about Gold and Bitcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYLong
by UnknownUnicorn2537518
69
Terra Classic LUNC - Last wave before a dump! | Elliott Wave LUNC is now a very hot altcoin, but it looks like the uptrend will end very soon. If you want to buy LUNC, then wait for a pullback, at least to the start of wave 4. As per my Elliott Wave analysis, this huge impulse wave is pretty much done because we are in the last fifth sub-wave. As you can see on the chart, wave 2 was a triangle. You may say that wave 2 cannot be a triangle because it's on the public internet as a rule. But this information is incorrect. Wave 2 can be a triangle, wave 3 can be an impulsive diagonal, and sometimes wave 3 can be the shortest wave, believe it or not. I think LUNC will go much higher, but first we should have a correction that can last a few weeks or months. Elliott Wave theory is a very powerful technique when volatility is high. On the other side, when the market is going sideways, it's losing its power. For more analysis, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
98
Ethereum, ETH 2.0 in a few days! - Explosive bull market Ethereum is now the leading cryptocurrency because everyone is anticipating the greatest event in the history of ETH and crypto in total. Bitcoin's dominance is going down, which greatly favors Ethereum. This downtrend should continue until the end of the year.  It looks like the demand for ETH is now very high and may substantially increase over time before the merge begins.  On the daily chart, we have a new parallel ascending base channel that is defined by Wave (1) and Wave (2). There are always 2 versions of the channels - on the linear scale and on the LOG scale, which makes trading more difficult, but it is how it is. The channel on the log scale fits better because it includes previous swings as well.  As per my Elliott Wave analysis, an ABC correction (wave 2) has finished and we are already in a new third impulsive wave, which should be huge. Ethereum 2.0 - The Bellatrix upgrade will activate on the Beacon Chain on September 6. This upgrade is responsible for setting the rest of the Merge process in motion. The Terminal Total Difficulty value triggering The Merge is expected between September 10-20, 2022. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
25
ETHEREUM PERSONAL ANALYSIS IN THE SHORT TERM (MINOTAURS!?!?) The total evaluation for the Ethereum asset is bearish. Please be mindful of the risks you are taking, managing these risks are absolute number 1 priority and the second one is your risk tolerance. A lot of people are really good at calculating, but they are either too much of a wuss or too much of rooster so keep yourself in check always. Be neutral. --------- Data shows for ETH from the charts has a great projection point towards the 1720$ region where it will be rejected to a maximum of 1800$ on the weekly 20 DAY moving average. I expect further upside after a backtest around 1,580-1,620$ for proper market structure purposes and to serve as a 2nd entry point for those that have not joined the miniscule trend change. Take note that the SP500 and the NASDAQ are on their retracement potentials since they are now sitting on the previous support we had months ago for a probable double bottom, but it will be rejected after a temporary upside retracement touching the 20 day moving average before plummeting through the 2021 support. -------- Probabilities of ETH reaching price points based on market structure, fundamentals and sentiment: ETH has a 80% chance to reach 1,680$ with a 20% chance of a re-test down to 1,520-1,580$ ETH has a 65% chance to reach 1,720$ via volume splurge with a 35% of re-testing the previous support, 1,580-1,620$, same failure rate. ETH has a 35% chance of reaching 1,800$-1,820$ without re-tests and 65% chance of re-testing 1,680$-1,720$ after visiting that level. This works the same odds with failure rate. ETH has a 20% chance of reaching 1,920$ without re-tests and a 80% chance of a price failure or re-test of lower levels. ETH has a 10% chance of reaching 2,080$ without re-tests and a 90% chance of a price failure or re-test of lower levels. ETH has a 1% chance of reaching 2,200-2,400$ without re-tests via manipulation pump and a 99% chance of distribution (sell wall). Probabilities are gathered statistically on the basis of 1H-8H Candles dating back since 2021 for better context. -- Like the chart? Comment on it! Boost it, like it, share it -- the chart is completely yours! :D
BINANCE:ETHUSDLong
by Wamses
4
ETH PERSONAL ANALYSIS IN THE SHORT TERM (I SEE 1780$ WHOA!)The total evaluation for the ethereum asset is bearish. Please be mindful of your risks and tolerance when it comes to handling large amounts of money so that you remain calm always. Plan it out every trade and it doesn't matter if you're wrong or right, saves you a lot of paranoia. I see a very big potential to break 1720$ today and a very nice tendency to pump as far as 1780$ due to the fact that the price is supported from a bullish perspective of the NASDAQ and SP500 about to break their volume point of control and into the daily 20 day and 50 day EMA resistance which will probably be rejected the moment we go there. At the same time, that point of rejection will send ETH down from 1,720$ or 1,780$ to 1,580$ to 1,620$ respectively. If you want to find out more about the correlation of these prices, go to my profile, I have posted a new update regarding that breakout of the NASDAQ and SP500. It's literally quite new! Be warned that even if we pumped there, this is a rising wedge and that of itself is a huge sell signal in an eventual fashion. Remember, initial target is 1720$ If we do reach beyond that, its most commonly a volume splurge and would warrant a definite short the day after. ------ Like the chart? Comment on it, boost it, save it, bookmark it, share it! Its yours for free!
Long
by Wamses
Bullish Ascending TriangleHere is a nice example of a bullish Ascending Triangle. Put/Call ration is 4.31 and Open Interest in top 10 for Sept 16 expiry After that it's quad witching and FOMC so anything goes. Volatility I'm sure it's getting tightly wound for quad witching and Powell. Volatility gained strength today despite indexes being higher. My overall outlook for volatility is more compression into 4XOPEX & FOMC. CPI in AM could change outcome significantly to the up or down side. My idea is long 9/16 and short to end of Oct.
AMEX:HYG
by SPYvsGME
Ethereum ETHBTC - New all time high this year! Then a big crash? Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair. According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave. Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH. Look at my ideas about interesting altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
52
ETHEREUM PERSONAL ANALYSIS IN THE SHORT TERM (ASCENDING MY BANK)The total evaluation for the Ethereum asset is bearish. Please be mindful of your risk management as always, this is number 1 -- even if you are the most amazing and colorful technical analyst with all those patterns and whatever, all of it are crap in the face of no risk management, in short you might as well be no different to wallstreet redditors. The asset as show in the chart has made a very convincing ascending line of triangle with continuous rejections on the 1620$ region. A breakthrough above 1620$ is very possible at this point and would potentially even reach a max level of 1720$ before dumping for a retest. To add for a further confirmation that this ascending triangle is valid is because we came from a triple bottom from BTC around 19,500-19,800$ The retest can be two things: Either it breaks down and it was indeed a falling wedge now. It continues to be a rising wedge. Please do not consider this as your edge towards your mega bullishness, the markets in both forex and crypto are still in a bear trend, a macro bear trend. This is just one of those mini-bull price action that will often reflect itself on the weekly as a higher low. Do you like this chart? Save it then! Comment on it, share it, boost it, bookmark it -- its yours! For free!
Long
by Wamses
PGAS Rise Up*PGAS*. Weekly time frame (long term). Ascending triangle pattern. Buy if broke up 1860. TP1 2450, TP2 3050, TP3 (extended) 3380. SL based on theory at 1495, but this is too far below. I would prefer SL at 1780, coz if it down below 1780 it means it dives into the triangle area again, not good, failed to go up. Better exit first, and wait until the next swing low or confirmation from the price action. DYOR ya. Disclaimer on. PS: ASII also has ascending triangle pattern.
IDX:PGASLong
by Bitking001
Tata Consumer Product Ltd . The beauty of Trend & PatternsThe idea here is about :Tata Consumer Product Ltd. I thought of publishing this to show the beauty of how the trend is interconnected with harmonic, wave patterns & market sentiments. Below are the points taken from the chart: 1. On 15th September 2021 downtrend channel begins & till 16th November 2021 chart completes double top & Bearish ABCDE pattern. 2. From 16th November 2021 till 20th December 2021 price sees a downtrend breaking the previous support zone. 3. From 20th December 2021 till 14th January 2022 price retraces but gets rejected from the previous support zone which is now become a resistance zone. 4. From 14th January 2022 till 7th March 2022 price continues in the downtrend direction forming a falling wedge pattern. 5. From 7th March 2022 till 2nd May 2022 price moves in the opposite direction of the downtrend and breaks the downtrend channel. I see it as over brought zone. Price couldn’t keep the upward momentum & again gets back in the downtrend channel from 4th May 2022 till 26th May 2022 and tests the newly formed support zone. 6. From 26th May 2022 to 7th July 2022 price tries to break the downtrend and forms a ascending triangle, price breaks the downtrend successfully on 8th July 2022. This is a clean break out of the downtrend channel. 7. 8th till 14th July 2022 price retests the downtrend and confirms a upward momentum. 8. From 12th July 2022 till 12th August 2022 price completes shark pattern. 9. Shark Pattern: The shark candlestick pattern is a new harmonic chart pattern discovered in 2011 by Scott Carney that indicates a trend reversal possibility. Entry, stop loss & Exit targets are provided for understanding the shark pattern on the chart. As traders we cannot foresee things clearly until certain points are established on chart. Therefore it is always better to have patience and wait for clear signals before we make our move in the market. One should always swim along with the market instead of hopping on and off at the wrong time. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:TATACONSUM
by Tron029
Litecoin LTC - A new bull market started! | Elliott Wave Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished! This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings. Regarding my Elliott Wave analysis, a major impulse wave has been completed, and now I expect at least a retracement to the upside. Also, we can spot very nice local inverse head and shoulders and falling wedge patterns that are very close to a breakout! The falling wedge has been destroyed by the bulls successfully, and now we are waiting for the head and shoulders pattern. The last weekly candle of the downtrend is an extremely strong bullish engulfing candle, which is absolutely great to see! The BTC.D Dominance chart confirms this analysis (I will post the BTC.D technical analysis probably next week). For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
39