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Ascending Triangle

MDX - Prepare for a massive breakout! + Huge parallel channel MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the downtrend for a potential breakout trade. The first profit target is at the strong resistance - wave (4) + double TOP, but i think we can go even higher later. I think MDX is a great choice together with KP3R! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
MLong
by UnknownUnicorn2537518
47
Golem GLM - 2000% gains, hidden GEM! GLM has been consolidating since 2019 with sideways price action, and it looks like we can experience an explosive move in the immediate short term! On the weekly chart, we have an ascending triangle and a falling wedge. Both these patterns are generally bullish. The price is now above the 200 weekly moving average. This MA is considered a strong level by huge institutions and hedge funds. Golem is listed on all major exchanges, so pretty much everyone can buy it. This altcoin can explode at any time, and it usually happens very quickly! The altseason is in progress and you can check out my idea about BTC.D in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
64
Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT! Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much. We have a first wave as a leading diagonal and I presume this makes sense from the time perspective. The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks. The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
58
Simple Ascending TrianglesJust a look at some ascending triangles forming on the BTC chart over the last couple of weeks. It just touched on the bottom trend line again in the past 24 hours, so I'm looking for a bounce up from here to the upper line. If we break below, than the triangles fall apart. Also looking for volume to increase as the lines converge, for a break to the upside. Otherwise, low volume could see the price reverse. I will be keeping an eye out for these triangles to narrow over the next week or two before reaching a head. This is a borderline rising wedge shape, but seeing as it is relatively flat on the top line, and the rising price from the prior two weeks, this looks to be a continuation in my eyes. If the price does rise to the vertex, it should bring the price just above a big resistance level, and seeing as there isn't much resistance beyond that from ~$26k to ~$28k, breaking that could be more impetus for the price to break to the upside.
by D-Rock_Anomaly
FTM/USDT SCALP SETUP! READY FOR A 25% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this FTM/USDT trade setup. FTM looks good here. It is forming an ascending triangle in a 4hr time frame. A breakout and retest are already done and now it's ready to go to the upside. Buy some now and add more in dips. Entry range:- $0.36-$0.374 Target1:- $0.394 Target2:- $0.422 Target3:- $0.436 Target4:- $0.45 SL:- $0.34 Use low leverage (4x-6x) according to your risk. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
6
Basic Attention BAT - Huge breakout soon! + Head and Shoulders BAT successfully completed an ABC correction from the last impulse wave and is potentially prepared for another massive impulse wave to the upside! The chart is printing a local inverse head and shoulders, bullish reversal pattern, and we are really close to a breakout. This can be a good breakout trade above the head and shoulders + trendline (channel). The first profit target is below the all-time high, because I think we will need more time for a possible consolidation here, and then we can go much higher. The price is still below the key level of 0.444 USDT, so we still need a confirmation from the bulls. I recommend buying a breakout at a new swing high (0.4595 USDT). I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
Short term bullish reversal - JNPRLet's understand multi timeframe analysis for NYSE:JNPR . Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone). Weekly TF - Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence. Daily TF - Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence. 45 minutes TF - Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure. Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.
NYSE:JNPRLong
by PriceActionTrader1
ConfusingHi everyone, Yesterday I talked about how Bitcoin was forming a head and shoulders pattern and the possibility of going to the last major resistance level. I also gave a free signal as an idea for DOTUSDT(Make sure to follow if you missed it) Today, I wanted to analyze something different instead of analyzing Bitcoin, so we going to take a look on Ethereum and Vet together, since they are showing different type of price movements. As shown on the chart, Ethereum is showing an ascending triangle, which is bullish, as the resistance is weakening by being hit multiple times. Also, it has formed a double bottom inside the wedge which is for really bullish too. However, looking at an altcoin that has been very volatile these last few day, VETUSDT, we can see that it just broke a bearish rising wedge. This is one of the cases that when doing a multipair analysis, it becomes confusing since we are looking at 2 uncorrelated charts that shows 2 different bias. So what to do? I think it is better to just wait for an opportunity to enter the market at a more confirmed directional bias. In this case, I would most probably wait for a breakout on Eth's chart, and trade the retest. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
SOL ascending triangleSOL time to pay attention Ascending triangle 3D Clear upper boundary at 42 Bunch of wickbacks make the level clear and confirmed. This LONG idea has a chance if market in general is ready to move up. SHORT if SPY reverses and drags everything down with it. Of course if SPY does not push higher then Bitcoin will not be able to make significant progress either. Which also means SOL is not going to spring up at any significant rate. The move up could take SOL to 58-59 (40% move from breakout level) If market in general takes a dive we most likely get SOL to reach 20 area
FTX:SOLUSD
by Dtaurus
OG Fan Token! 2020 trendline is breaking out! Head and Shoulders OG looks very promising on the daily/weekly chart! As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern. We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of strength. The ABC correction has been completed and I think we can retest the previous all-time high or at least a previous swing high. If we take a look at the volume indicator, we can see a massive bullish spike, which is another great sign of strength. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
42
Binance BNB - Record! New ALL TIME HIGH no one is talking about! BNB just set a new all-time high after 14 months! I suggest you buy BNB coin or BNB leveraged token, because this is one of the most bullish altcoins at this moment. As per my Elliott Wave analysis, an ABCDE correction has been completed and we can continue in the uptrend! Also, we have a bullish rectangle consolidation (base) on the weekly chart, and the base has been destroyed by the bulls recently. I expect a 1:1 FIB or 0.786 extension for the next wave. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
50
$FTNT taking off from its launch pad!Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the pas ~9 months * Moving higher from its launch pad with higher than average volume and another quarter of better than expected earnings * It's also breaking out of an ascending triangle Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 5.72 Relative Strength vs. SP500: 54.15 U/D Ratio: 1.53 Base Depth: 51.61% Distance from breakout buy point: -15.43% Volume 24.53% above its 15 day avg. Trade Idea: * You can enter now as the price is moving higher from its launch pad with higher than average volume and on better than expected earnings * If you're looking for a better entry you may be able to get one around the 61.9 area * This stock usually has local tops when the price closes around 15.74% above its 50 EMA * Consider selling into strength if the price closes 15.54% to 15.94% (or higher) above its 50 EMA * The last closing price is 6.2% away from its 50 EMA
NASDAQ:FTNTLong
by HaseebKhan_90
Bitcoin BTC - Acceleration very soon! + Elliott Wave This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in volatility. I am very bullish on Bitcoin and I would never short Bitcoin on the futures market at the current or even lower price! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
82
Biconomy BICO - Ready for a massive breakout! Wedge + Triangle BICO on the daily chart looks like it wants to pump any time soon! We have a descending broadening wedge and a local symmetrical triangle, so we have a pretty good confluence to buy a breakout. What's more, as per my Elliott Wave analysis, the massive impulse wave has been completed, and that's why I expect a retracement. I recommend buying a breakout above the wedge + triangle + new swing high for a higher probability of success. The main profit target is at the 0.382 FIB + below wave (4) and I think we should definitely hit the target in the immediate short term. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
BLong
by UnknownUnicorn2537518
43
Long on BTCThe screen shows two different time frames on BTC: 2H time frame in the top and daily in the bottom. The 2H time frame BTC graph shows a bullish set-up for a possible ascending wedge. Moreover, price action is trending on 200MA support almost in line with the 0.38 Fibonacci Retracement Level. For this reasons we set a entry price at the Fibonacci support at $22484 followed up by bullish reversal with target profit at $24296. Extending the graph on the daily, we noticed BTC price, after 4 lasting months, broke through the 50MA twice and now is testing that again suggesting more up-trust in bullish direction. Entry price: $22484 Target price: $24296 Return: 8% *use a 5 to 10X Leverage
Long
by vf_investment
Solana Bullish Elliot Wave - 150% gains to 100 USD? 🚀🚀SOL pumped 48% and 19% (green price ranges) after the bullish Supertrend Ninja - Clean signals (green vertical line on the background). It also went down 75% (purple price range) after a bearish Supertrend Ninja - Clean signal (red vertical line on the background). In a possible bullish scenario SOL might possibly rise up to 100 USD completing leg A of the Elliot Wave (blue dotted lines). Which is about 150% (orange price range) possible gain. SOL is still below the the Ichimoku Cloud, which is considered bearish. Currently it is trying to break a resistance area ( support and resistance area's are highlighted in grey blocks). The RSI is still in a range/ slightly bullish at 48. RSI Brown at 62. If we take a look at the Average Directional Index ( ADX DI) its indecisive, as it is ranging. Almost horizontal. Currently SOL is above its Basis Bollinger Band, Band Basis 20 Period SMA . While it is below the LSMA . In short, SOL is still stuck in a range on the 2Day chart. Although I am leaning towards a bullish scenario. Since SOL price and the RSI are still forming a higher low. I do see an Ascending Triangle. Which is a bullish sign. Remember to always take profits and use proper risk management! Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Like To Use: I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
Long
by Kch28
EUR/USD Ascending Triangle, Waiting For A Break And RetestHi everyone, Happy first of august 2022. May you all have a successful profitable month. We are on EUR/USD today. Let's start with the daily time frame. Price has been moving steadily downwards bouncing inside of a giant channel. Every time the price has hit the bottom of the channel, it has perfectly bounced off of it and moved towards the top of the channel which then acts as resistance. When we switch to the 4-hour time frame, we can see that price has been trying to break through the current resistance line numerous times but has failed every single time. The ascending trend line is acting as support and the price is slowly starting to squeeze tighter and tighter with support and resistance getting closer and closer. I am looking for a breakout from this pattern. These types of patterns are generally called Ascending triangles. We usually look for a break out before the apex of this pattern is reached. We have two possible scenarios that I would be looking for that would be tradeable. GOING LONG – I will trigger a pending long position if we see the price break out of the ascending triangle to the upside. We need to see accompanying strong bullish volume with a bullish breakout and close above the resistance line. If we see this, then I will set up a pending order when the price retraces to the top of the resistance line and flips it to support. I will look for a possible risk to reward of 1 to 2 or 1 to 3. GOING SHORT – If the price fails to break the resistance once more and closes below the ascending trend line which is currently acting as support, then I will look for the same possible movement. I will wait for a breakout and close and then set up a pending short position with my targets being previous support around the 1,0 price point. My personal bias currently is bullish as on the four hours we do see the price moving upwards and squeezing closer towards the top of the resistance line. However, I only trade what the charts show. Remember, the goal is zero emotion and systematic trading. Let's see what this pattern does The Vortex Trader.
Long
by TheVortexTrader