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Ascending Triangle

NZDJPY an ascending triangle 🦐NZDJPY on the 4h chart is trading between an ascending trendline and a static resistance. The price after a few tests of the 2 areas is now trading below the resistance structure. How can i approach this scenario? Being the triangle. a continuation pattern i will wait for a possible break of the upper structure and in that case, i will be ready to set a nice long order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
BTC/USDTFirst went long at $39.600, then bought some more at $41.180 (kinda nailed the retracement). Current average price is §40.390, so were in small profit at this point, around 3.3%. As long as we can stay above the diagonal support trendline oft he ascending triangle I am bullish on BTC. It looks to me as if we have gained supprt at the trendline together with the fibonacci golden pocket. As long as we can stay above the trendline I will continue to DCA into bitcoin and possibly some Altcoins. If we brake the triangle to the upside I expect price targets at around $52.000 up to $56.000, that is also the prince range where I would start to sell my positions. This would also be de 0.618 retracement of the 1D downtrend from $69.000 to $32.000 and the 0.782 fibonacci speed fan. Remember though, I am a beginning analyst and I am never a 100% sure, but the way I understood the concept of Speed Fans according to John J. Murphy, the break of the second Speed Line ( 0,618 - 0,666 in my case ) would be a massive bullish sign since it indicates a confirmation of a trend reversal. I wil keep this one updated since it it leading to me. I will use the data of this chart to determine whether it is a good time to buy some altcoins. Feel free to give feedback! Feel free to shill the next 100x to me! PS: I still have room for 1 or 2 altcoins during booming season, so feel free to share some good projects. I will share 10% profit with you if it plays out.
Long
by AnitaDollar
2
AUD/JPY Ascending Triangle (UPDATE)Hello All, I wanted to update on last week's close potential short signal on the AUD/JPY pair. Last week at close I mentioned that there was a potential short signal on the AUD/JPY pair. I also mentioned that price might spike a little higher before fall. Though admittedly price did spike a little higher than I anticipated, it was nothing drastic and the short signal is still good. In fact, the AUD/JPY pair has formed an even stronger short signal by printing a bearish Ascending Triangle Pattern (illustrated on chart). We can also see that now is the prime time to take a short position as price is sitting above an AVL ( Agreed Value Line ) in a bearish structure which means that price is currently "above value" and thus a good short trade. (illustrated by yellow dotted line below current price and red arrow). Only price movement above that top line of the triangle would invalidate this idea. This trade is taking a bit longer than I'd like but patience pays... Updates to come... Safe trading :)
Short
by UnknownUnicorn37609548
4
That’s going to be one expensive steak!Where can we feel the impact of high inflation most directly in our daily lives? Food and energy! Livestock is a market that certainly deserves more of our attention. Surging energy prices (especially natural gas) have led to high fertilizer prices, which pushed up grain prices. Eventually, that gets translated into higher prices for livestock which are heavily affected by the prices of corn and other feeds. The transmission takes time; therefore, the opportunity window to position ourselves is still open. It’s also a good time to stock up on some premium steaks in your freezer before they get a lot more expensive! December 2022 Live Cattle future has just broken out from a 10-week ascending triangle, which suggests that the next leg of the rally has likely started. Entry at 150.5, stop below 146.5. Targets are 155.5 and 160.5. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
CME:LEZ2022Long
by inspirante
#Bitcoin looks attractive againThe crypto market is giving bullisg signs. TRADESTATION:BTCUSD made a good breakout from an ascending triangle and now is making a flag pattern. A breakout from this zone should confirm the next bull run for crypto. Even stocks with influence on the crypto market are looking good, like NYSE:SI , which I have it on my watchlist, I will take a position on the green zone with a target sell at the blue zone for a +12% profit. But, depending on how it behaves I may hold to the resistance zone at $63,500 or even buy more on the way up.
COINBASE:BTCUSDLong
by dpuleo19
ROSEUSDT needs to hold the ascending channelThe price is creating an ascending channel after a clear rejection from 0.31$ weekly ressirance On the 4h timeframe the price is testing the monthly support on 0.25$ support level How to approach? IF the price is going to lose the 4h support and retest as new resistance According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
XRP ANALYSIS (EXTENSIVE)Overall trend on a daily timeframe is downtrend forming a descending triangle (black line). the major support line (0.78% Fibonacci retracement level is the $0.5546 on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black dotted line) of $1.00 which could retest or breakout and hit the other local resistance of $1.35 for the SMA & EMA trader (long term) the 30 Days RSI line is useful.
by DewyCandles
A bullish Ascending Triangle for ATOM?A little take on ATOM. Weekly got Charted here. It seems that ATOM could be moving within an Ascending Triangle. An Ascending Triangle is a "Bullish" continuation pattern, so this means if Price comes in, in an Uptrend there's a higher probability that it will break higher and vice versa. I did use the Heikin Ashi candle in this chart, since it gives you a clearer view on the current "Trend". Presently, it seems that the current Downtrend is weakening and that there's a Chance of a reversal, the MACD also do start to "Confirm" that. Also, the Fibonacci Golden Pocket got retested again, we have seen a beautiful bounce of that. Coming back to the Ascending Triangle, of course a breakout can occur way earlier than shown here, but usually price moves withing the pattern until the apex is reached. In that case, ATOM could range between 30-40$ for Weeks to come now until breaking higher. After a Breakout, preferably there's going to be a retest and a Bounce of the upper Trend line that got broken. Measured Target would be at 59.70$ KEEP IN MIND: The World is in a Volatile situation, so this always can turn to the opposite. If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
COINBASE:ATOMUSDLong
by blauersamt
2
CadJPY AnalysisHello everyone, we have been seeing bullish movement for the previous months as there has been weakness in the Yen currency. Liquidity has been established at the 100.182 price point from March 28th for Cadjpy. Price is now approaching that same liquidity level in the formation of an ascending triangle. Will be waiting for the break and retest of the liquidity level (Redline) to continue bullish. If price happens to reject the liquidity level and break the supporting trendline, we may see bearish movement
by Skyboxpips
Waves WAVESUSDT - Impulse Elliott Wave completed! Bounce soon.- As per my Elliott Wave count - we should be in the end of the current downtrend. - Impulse Elliott wave is completed with 5 successful waves. - We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation. - I think wave 4 is a resistance and we can target this level (around 31 USDT). - On the RSI indicator we can spot a huge bullish divergence.
WLong
by UnknownUnicorn2537518
17