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Symmetrical Triangle

EURUSD → The fall may continue from the nearest resistance FX:EURUSD is forming a bearish trend amid a fundamentally strong dollar index, which is in a bullish rally phase, which is generally negative for the euro. Price broke a strong support line earlier on the global timeframe. Consolidation is formed below the line, which in general determines for us a medium-term perspective, the target of which may be 1.052, behind which there is a huge pool of liquidity. On H1 the price is forming a sideways flat and before a further fall there may be a retest of the resistance in order to capture liquidity. Resistance levels: 1.0700 Support levels: 1.0600 Technically, before further decline the price may test the resistance of the range on the background of stopping the growth of the dollar, but in general, there are no reasons for a change of trend and accordingly, with a high degree of probability, the decline may continue. Regards R. Linda!
Short
by RLinda
3
Adobe - Pretty clear trading setup!Hello Traders and Investors, in this video I will take a quick look at Adobe. -------- Explanation of my video analysis: Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:ADBE
by basictradingtv
7
GBPUSD → Weak pound sterling will test new lows FX:GBPUSD is going to leave the sideways range with the negative fundamental background. On D1 the price is breaking the trend line, and at the same time the dollar is conquering new highs. The pair is declining amid the strengthening of the dollar index, which is connected with the news on inflation. The medium-term outlook is defined and thus gives us an indication of a possible decline. At the moment the key area is the zone of 1.2518. A breakout and consolidation of the price below this zone will be a confirmation of the bears' intention to go even lower. The pound is weak and may update the lows. Resistance levels: 1.25697 Support levels: 1.2518, 1.24489 Technically, amid the strong dollar, the pound is testing new lows and is preparing to go even lower. I do not think that the bulls at 1.2518 will hold the price for a long time. We are waiting for a breakout and further decline. Regards R. Linda!
Short
by RLinda
2
Sell EURAUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern. Potential Short Trade : Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation. Target Levels: 1.6477: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point. 1.6420: This is a further extension of the downside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order above the broken support line of the triangle, ideally around 1.6610. This helps limit potential losses if the price fails to break out and reverses upwards. Thank you.
Short
by KABHI_TA_TRADING
4
Buy GBPCAD Triangle BreakoutThe GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base (opposite trendline), projected upwards from the breakout point. 1.7272: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the channel, ideally around 1.7120. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you.
Long
by KABHI_TA_TRADING
15
Bitcoin Can Go Down by 🚨Classical Patterns🚨🚨Bitcoin started to fall again after the news of a possible War between Iran and Israel and reacted well to the 🟢 Heavy Support zone($61,100-$58,690) 🟢. 🏃‍♂️Bitcoin is currently moving near the 🔴 Resistance zone($66,100-$64,500) 🔴. 📈It also seems that Bitcoin has managed to break the lower line of the Symmetrical triangle , and at the same time, it is forming an Eve & Adam Double Top . 🔔I expect Bitcoin to continue falling again , at least to the Pitchfork line . ❗️⚠️Note⚠️❗️: If Bitcoin can go above the 🔴 Resistance zone($66,100-$64,500) 🔴, we can expect an increase in Bitcoin. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
BTC's Situation: What Shall we ExpectHi. BINANCE:BTCUSDT Chart is Speaking It Self!!! Simple analysis... 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. 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
Symmetrical Triangle on the monthly XRPUSD log chartAs usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47 for just the triangle alone, but that could take price action a longer amount of time to reach the full target of than it will take the linear chart’s symmetrical triangle to reach its full breakout target(which is much lower than $11.47). Wanted to post an idea of this log version of the symmetrical triangle to keep track of how it lays out more easily. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
➡️BNB's situation+next targets and expected movements.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 top of symmetrical triangle on 9H 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!!
by CobraVanguard
1
GOLD → Fierce bulls continue to hold the price on the newsFX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level. Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the market and against this background the dollar is strengthening strongly. Gold shook a bit, but the bulls continue to hold the price above 2328. It is not known how long they will last, as the next batch of important news is ahead. Gold may test the support as part of the correction, but on the background of high interest in gold as a hedge asset amid geopolitical and economic problems, theoretically, gold may continue its growth. Resistance levels: 2345, 2365, 2375 Support levels: 2328, 2303 At the moment the price is in a range. A breakdown of support may weaken the price a bit to 2300, but a breakdown of resistance may push the price up. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
OXTUSDT's Situation: What Shall we Expect!Hi. COINEX:OXTUSDT Chart is Speaking It Self!!! Simple analysis... 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. 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
AUDUSD → Test resistance for an upward breakout FX:AUDUSD forms a retest of the descending channel resistance, but there is no fall. Against the background of the dollar correction, the currency pair may move into the realization phase after the channel breakout. Moving averages, trend resistance and pre-breakout consolidation, with strong support zones, to which a large buyer does not let the price go. An interesting setup in the current conditions may form an attempt to change the trend. The key area is 0.6585. Consolidation of the price above this boundary may allow to overcome the obstacle and finally let the price strengthen to 0.66676, or to 0.67287. Resistance levels: 0.6585, 0.6620 Support levels: 0.6551, 0.6504 Technically, there is a strong accumulation and prerequisites for a breakout. The resistance breakout will confirm the activation of the realization phase, which will give us a good bullish momentum. Regards R. Linda!
Long
by RLinda
3
BTC's Situation: What Shall we ExpectHi. COINEX:BTCUSDT Today, I want to analyze BTC for you in a 9H 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). It appears to be moving within a symmetrical 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 🟢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
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation. Target Levels: 168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point. 169.18: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you.
Long
by KABHI_TA_TRADING
7
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
🗺️Bitcoin Roadmap🗺️⏰(4_hour time frame)⏰✅Bitcoin broke the upper line of the classic Symmetrical Triangle Pattern a few hours ago. 🌊Regarding Elliott's wave theory , Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle. 🌊Currently, Bitcoin is completing microwave wave 3 of main wave 5 , which can complete around an All-Time High($73,777) ( or even a little higher ). 🔔I expect Bitcoin to start rising again to complete the main wave 5 after the pullback to the upper line of the symmetrical triangle and at least rise to the upper line of the Ascending Channel . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟢Support zone($69,300-$67,800)🟢, the scenario will change and we have to wait for Bitcoin to fall further. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
13
Bitcoin - 14-day plan! (must see)Bitcoin has been going sideways in the past weeks. Why? If we take a look at the chart, we can see that the price is inside this symmetrical tightening range. The only thing we can currently do is trade the range (sell high, buy low). Otherwise, we need to wait for the tightening range to show us the direction! Will it break up or down? Let me know in the comment section what you think about it!  If we break down, I have prepared 2 strong levels for you! These levels you can use to take profit or to enter a long position. The first level is 58547 USDT (liquidity sweep), and the second level is the 0.618 Fibonacci retracement of the previous impulse wave at 51985! I believe we will see a strong reaction from these levels. 51985 could also be the ultimate bottom, so keep that in mind! I will keep you updated, so make sure you follow my account. From the Elliott Wave perspective, we can be in the ABCDE triangular formation or in the 1-2-1-2 formation (nest). It's good to wait for more confirmation to confirm our bullish / bearish scenario. 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.
BITSTAMP:BTCUSDShort
by Xanrox
45
ALPHAUSDT → Beginning of realization after accumulationBINANCE:ALPHAUSDT forms an attempt of the market transition from consolidation to the phase of realization of the accumulated potential within the framework of the uptrend. Key accumulation area 0.500 - 0.0630. The resistance is broken, consolidation is formed above the upper boundary of the range, which hints about the readiness of the coin to realize the accumulated potential. In our case it is the growth from 0.15-0.16. On H4 the price also breaks the resistance of consolidation (triangle) and tests 0.16. This level is the key at the moment, it is worth waiting for the price to consolidate above this level for further strengthening of ALPHA coin. Resistance levels: 0.1600, 0.1720 Support levels: 0.1369, 0.1420 Technically, the coin has energy and potential for further upside. Therefore, we should wait for the price to consolidate in the green zone in order to form further growth BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
2