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Symmetrical Triangle

AVAX : Fake Triangle Breakout ! AVAX has been forming a triangle pattern for an extended period. The price was respecting the triangle and making higher lows. Everyone was expecting a bullish breakout and continuation of the uptrend. However, the price reacted to the fall of Bitcoin and started to fall with it. The triangle pattern: The triangle pattern is a neutral pattern that can be either bullish or bearish. The price typically breaks out of the triangle in the direction of the previous trend. The fakeout: The price broke down below the lower trendline of the triangle on 1 April. The imbalance: There is a large imbalance of buy orders in the $44 zone. This imbalance suggests that the price is likely to bounce off this zone and continue to rise. Bullish targets: The first bullish target is the $60 level, which is the top of the triangle pattern. Further upside could see the price reach $70 or even higher.
Long
by Yaroslav_Krasko
5
FILUSDT → Pre-breakdown consolidation. Prepare for growth by 50%BINANCE:FILUSDT is still in the bearish trend phase and is squeezed under the global trend resistance against which a pattern is forming that could turn the market. Lately, the coin has been building volume and increasing liquidity, but it is still trading under the pressure of resistance. A symmetrical triangle is forming relative to this line on H4, a break of which resistance is capable of breaking the global trend. Why can the resistance of this figure be broken? Because a pre-breakout consolidation is formed relative to this boundary and the market starts to go beyond it. Resistance levels: 9.543 Support levels: 8.994 Resistance at 9.543 currently restrains the market from realizing the accumulated potential. But the overall setup hints at the readiness to break this area, which will start forming an upward momentum. Targets in this case could be 11.780 and 14.43 BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
17
An update on my dogeusd chart.Doge finally triggering the breakup from the tan channel after doing a fakeout the first time it got above the top trendline of the channel. Sizable pump that is already getting rather close to reaching the full target. We can also see that we have broken upward from the purple symmetrical triangle right at its apex which has an even high target. The current candle body resistance is also the top trendline of an even bigger triangle doge has been consolidating inside for awhile. We will have to break above it in order to hit the full target of the tan channels breakout, however it is still a good probability that once we hit the full target of the tan channel breakout, priceaction could then dip back down and still close inside of the bigger triangle pattern for awhile. Being at this almost hyperparabolic phase of the bull market though its also quite possible we retest the top trendline of the bigger triangle as support after hitting the full tan channel breakout target too, in which case doge would continue up from from here once it solidified that support and start working on validating the breakout of the bigger triangle.
BINANCE:DOGEUSD
by DrDovetail
4
GMTUSDT → the coin is moving into the realization phaseBINANCE:GMTUSDT is entering the realization phase after a long accumulation. Price is testing resistance for a breakout. On the High timeframe, the coin is testing the resistance area. A breakout and bullish momentum is forming. A price consolidation above 0.4000 will open a new potential for the bulls. The coin is quite far behind the market and if the bulls keep the price in the new zone, a long rally to 1.11 and 1.75 may be waiting for us ahead. Technically, now we are interested in 0.4060 and the upper boundary of the channel. Possible retest after the breakout, but price consolidation above this zone will form an intermediate bottom, which will favor the market. Resistance levels: 0.4060, 0.4867 Support levels: 0.2566 The market is ready to turn around and show us strong growth, but for this the bulls need to keep the price in the green zone. Regards R. Linda!
Long
by RLinda
7
EURGBP → Transition of the market to the distribution phase FX:EURGBP on the background of stronger decrease of GBP than EUR, connected mainly on the background of economic and geopolitical factors allows the currency pair to break the resistance of consolidation. Globally, the currency pair is in neutral-negative condition, as there is no clear trend, at the same time a wedge and symmetrical triangle are traced on the background of weak downward movement. But, the breakthrough of the upper boundary of consolidation can become the beginning of a local bullish trend. In general, there is a potential for price growth by 1 - 1.5%. On H4, the price breaks the resistance of the long consolidation, which technically puts the market in the distribution state. It is worth paying attention to the resistance at 0.8588. Breakout and consolidation of this boundary will open the price a new way up. Resistance levels: 0.8533, 0.8621, 0.8699. Support levels: 0.8533, 0.8500 The market has a potential for further growth. I am waiting for a breakthrough of the above resistance with further growth to the targets on the chart. Regards R. Linda!
Long
by RLinda
1
EURUSD → Bullish trend structure breakdown FX:EURUSD is breaking the structure of the ascending channel and the market is trying to change the trend on the background of the strengthening dollar index. The market is waiting for news from FOMC & FED today. Globally, we have a neutral range in the format of a symmetrical triangle, with strong resistance at 1.095 - 1.10 inside, which restrains the price from further growth on the back of a strong dollar. It is obvious that at the moment, technically, the pair is preparing for a decline to 1.0795 - 1.070. Consolidation below 1.08597 will serve as a signal for further decline. Today at 18:00 FOMC & FED members and head will speak, where inflation and interest rate in the USA will be discussed. The slightest hint of a more hawkish view on the siutation amid high inflation could strengthen the dollar. In such a case the Euro will continue to fall Resistance levels: 1.08697. 1.08975 Support levels: 1.07958,1.0703 The news will determine the medium-term outlook for us. Most likely, the data may be negative for the currency pair, because against the background of high inflation regulators will continue to support the dollar. Regards R. Linda!
Short
by RLinda
5
#GBPNZD symmetrical triangleIn an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern. In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
5
The last bullish chance of XRP in Mid term!Hi. BINANCE:XRPUSDT Today, I want to analyze XRP for you in a Weekly time frame so that we can have a mid-term view of XRP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). XRP is testing the top of symmetrical triangle on weekly timeframe Up We Go if we manage to break upwards🐃 ✅ 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
ADAUSDT → Breakthrough readiness. Target 1.25.BINANCE:ADAUSDT is forming an interesting potential that may allow the price to break out of the current range and head towards $1.25. There is an interesting situation on W1. A breakout of 0.746 level is formed and price consolidation above the level (On D1), which allows the bulls to cfrm an intermediate bottom. If we pay attention to bitcoin, on H1 the coin is preparing to continue its growth, Cardano may respond to this by breaking through resistance and then rallying to the mentioned targets. Strong support is forming on the chart, based on the local double bottom, liquidation on March 6, as well as the liquidity zone below 0.6850. This allows to form a potential for further growth. Resistance levels: 0.7882, trend resistance. Support levels: 0.730, 0.6850 I expect a breakout of the range resistance, which may give a new breath for the coin. The intermediate target in our case is the end point of the correction at the bear market 0.8992, as well as the psychological level of 1.00 CME:BTC1! BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
7
Possible Triangle BreakoutWas asked to look at this one by request, otherwise not super familiar with this chart but am familiar with the token. A quick and simple take on QNT's weekly chart, showing the daily 50/200 EMAs: Long-term, Quant looks like it exited a triangle with a bullish breakout back in November. It has since re-tested and remained above. Some confluence for this is that it also shows a golden cross of its 50 / 200 day EMAs (MAs as well, not pictured), which it also tried to move back under but has since reclaimed and then bounced off of, moving up. Should this behavior continue, CRYPTO:QNTUSD should see a measured move to ~493 as TP 1 and then ~1076 as a possible TP 2. Halfway to TP 1 is 225, which could act as a stopping point along the way as it lies just within weekly resistance between the Oct 2022 high and the September 2021 high.
CRYPTO:QNTUSDLong
by dudebruhwhoa
2
The last bullish chance of LTCUSDT in Mid term!Hi. COINEX:LTCUSDT Today, I want to analyze LTC for you in a Weekly time frame so that we can have a mid-term view of LTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). LTC/USDT is about to break out of the symmetrical triangle on weekly timeframe🧐 ✅ 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
1
XRP Price: Breaking Above Weekly Trend Line for Bullish MomentumCurrently, the price of the XRP has reached the descending trend line from higher timeframes, which is identified by the highs of April 2021 and July 2023. Additionally, this trend line serves as the upper boundary of a symmetrical triangle. A similar symmetrical triangle pattern has also formed on timeframes from 1D and below, and the price of the asset has already managed to establish itself above it. In the current conditions of a bullish trend, it is more likely for the asset to to break above this weekly/monthly trend line and exit this huge triangle to the upside. Potential targets could be the values at the top of the symmetrical triangle, ranging from $1.53 to $1.96.
Long
by Deviantor_Wayne
Buy EUR/NZD Triangle BreakoutThe EUY (EUR/NZD) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. Key Points: Buy Entry: Consider entering a long position around the current price of 1.7725, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following levels: 1.7813 and 1.7870 Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 1.7680. This helps limit potential losses if the price reverses and breaks back downwards. Thank you
Long
by KABHI_TA_TRADING
2
BTCUSD in reversal SHORTBTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and has dropped below the channel support trendline. As to whether it will retest that trendline which is now resistance remains to be seen. However, the MACD lines are under the zero level and RSI lines under 50, lends support to a reversal at this time. Volatility is contracting and price compressing in a symmetrical triangle with the bias bearish at this time.
BITSTAMP:BTCUSDShort
by AwesomeAvani
EURUSD → The 1.100 liquidity area is interesting for the market FX:EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area For two weeks in a row the dollar index ( TVC:DXY ) is trading with a negative fundamental background, which is quite favorable for the euro. As the price is inside the range and in the phase of growth from the support, in case of distribution of targets for the market the area of interest is the upper boundary - 1.100. But, today the news is published, as this factor brings a drop of unpredictability, we need to understand that the break of the support of the ascending channel will break the structure. And a retest and consolidation of the price above 1.0897 will form the potential for further growth. Support levels: 1.0897, channel support Resistance levels: 1.100 I expect that the currency pair can realize a bullish potential, as the area of 1.100 is interesting for the market. Regards R. Linda!
Long
by RLinda
4