Continuation triangle ABCDEI am happy to see that my favorite coin is showing stability after such a huge run. Having put in a set of three's so far, I am anticipating a symmetrical triangle and a move higher. Next target is ATH.
Triangle
BTC is Down for short timeAs you see it is simple price action technical analysis that showing the BTC lower price TPs.
BTC is Down for short timeAs you see it is simple price action technical analysis that showing the BTC lower price TPs.
XRP is ready for lift up (update)It should happen very soon. However, there is still a possibility that the triangle wave could extend and that the E wave even has not been initated. Patience is bitter but its fruit is very sweet. It is only a matter of time
Falling Wedge on SPX Falling Wedge on SP:SPX spx could see a test of the 5930 Level, Fill the Gap and back up from there, if not expect a flush down to 5900 and retest 5880. We do not want to lose the 5900 level or bears will be feeling good and think they can fill the gap Below around 5860 That gap is very large and runs down to 5780 roughly.
XRP weekly breakout - monster upside ahead?!The XRP weekly chart staged a crazy upward breakout through a longstanding triangle formation. The price exploded above the 200 week moving average, and now we can realistically start thinking about the height of that triangle formation to project price targets.
$3.00 looks a likely target using this sort of projection, and is conservatively well below the all time high around $3.8. Technically we now keenly await a golden cross on the weekly as confirmation of a bullish trend. The best thing about betting on a coin like XRP is its deep liquidity. XRP is not nearly as speculative as the GOATs (meme coin) of the world, yet ships with massive upside potential.
EURO - Price can leave triangle and rise to $1.0765 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price fell to $1.1085 level and some time traded near, after which bounced and rose to $1.1210 points.
Then price started to decline in falling channel, where it broke $1.1085 level and fell to support line at once.
In channel, EUR declined until to $1.0765 level, which coincided with resistance area and some time traded near.
Later, price exited from channel, and entered to triangle, but firstly made a gap and then bounced down.
Price broke $1.0765 level and now it trades near resistance line of triangle, so, I think can make correction.
After this, Euro will bounce up to $1.0765 resistance level, exiting from a triangle.
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BITCOIN (BTCUSD) Bullish Bias Remains ₿
Bitcoin formed a strong bullish pattern on a 4H time frame.
I see an ascending triangle - a bullish accumulation pattern
with a confirmed breakout of its resistance.
A trend line and a broken horizontal structure compose a contracting
demand zone now.
Probabilities are high that bulls will push the prices higher.
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LinkusdtHi guys
Do you think we should wait for the $10.6 support area to be consumed and the upward trend line to break down?
Or considering maintaining the upward trend line, provided the previous floor of the price is maintained, can we expect a failure from above and see higher price areas?
Crypto power move or drop? ETH's next big decisionEthereum prices have formed a descending triangle pattern and are currently overbought, similar to Bitcoin. At the same time, both could move higher in the long term—mainly if Trump follows through on his promises to make the US a crypto powerhouse—the short-term outlook for Ethereum is complex—critical level to watch: $3,100. If the price remains above this level, the price will move toward $3,442 and beyond. However, if Ethereum breaches $3,100 to the downside, it may activate the descending triangle pattern, possibly dropping by $327 to reach $2,780.
Will we break to the upside or downside? Share your thoughts in the comments.
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Nasdaq 100 preps for next move after Trump winThe Nasdaq 100 has traded sideways this week, hovering around levels from last Friday. This is expected following Trump's victory, which saw the index generate a strong bullish surge of 5.84%. Traders now require consolidation or correction, which is precisely what we're observing. The default is for markets to pull back. Still, they can also move sideways, allowing indicators like the RSI to reach neutral levels and creating an environment where traders may feel ready to go long once the trend resumes upward.
Currently, we're watching this week's low at 5,965. If the index stays above this level, we could see a push toward Wednesday's high of 6,014, followed by a target of 16,664 based on the descending triangle pattern forming on the chart. However, if the index breaks below this week's low—a critical short-term level—the NASDAQ 100 could fall to 5,910. For now, though, this is not the primary scenario.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
GbpUsd near a very important pointAt the beginning of the month, GBP/USD made several unsuccessful attempts to reclaim the 1.30 level.
Following these attempts, the pair saw a strong decline and is now trading below 1.27.
However, GBP/USD is approaching a crucial point on the chart, and a potential reversal may be imminent.
As shown in the posted chart, this zone is shaped by three key factors: the ascending trendline from a previously broken triangle, a descending trendline indicating a retest, and two important horizontal support levels.
Additionally, with the DXY possibly nearing a correction , this could present buying opportunities in “cable.”
My target for a potential reversal is the 1.2850 area.
HAL Swing trading Setup - Descending TriangleChart Analysis:
1. Descending Triangle Pattern:
• The chart shows a descending triangle with lower highs (LHs) forming resistance and a horizontal support zone. This pattern typically indicates a bearish continuation, though an upside breakout can happen.
• The trendline resistance appears well-respected, with a downtrend line pushing prices lower.
2. Resistance Levels:
• There is a resistance zone marked above current price levels.
• Resistance 1 and the trendline serve as a major area where a potential pullback could be seen.
3. Support Levels:
• A clear horizontal support level is visible, which has been tested multiple times, increasing the significance of a potential breakdown.
4. RSI Indicator:
• The RSI shows a downward trend but does not appear to be in oversold territory yet. This implies room for further downward movement but also warrants watching for a potential reversal signal.
Swing Trade Setup:
1. Bearish Scenario (Preferred based on the chart):
• Entry: Consider entering a short position if the price closes below the marked support zone with strong volume.
• Stop Loss: Place a stop loss above the descending trendline resistance to mitigate risk in case of a reversal or fake breakdown.
• Target 1: Use the measured move from the widest part of the triangle to estimate the potential target level for the downside move, aiming for key support levels below (e.g., 3,200-3,000).
• Target 2: If momentum is strong, trailing stops can help capture more of the move downwards.
2.Bullish Reversal Scenario:
• Entry: If the price breaks above the descending trendline with strong volume and closes in the resistance zone, it may invalidate the bearish pattern, indicating potential bullish momentum.
• Stop Loss: Set a stop loss below the breakout candle’s low to avoid potential false breakouts.
• Target 1: Aim for key resistance levels above, including previous swing highs.
• Target 2: Monitor RSI and volume for signs of overbought conditions.
Risk Management:
• Position Sizing: Ensure your position size aligns with your risk tolerance, ideally risking no more than 1-2% of your account balance per trade.
• Monitoring Volume: Increased volume on breakdown or breakout moves strengthens conviction in the trade direction.
• Adapting to Market Conditions: Be prepared to switch to the bullish scenario if the market sentiment shifts unexpectedly.
Caution:
• False breakdowns are possible, especially if volume is low or market sentiment shifts rapidly.
• Keep an eye on broader market trends and sector performance for additional cues on stock direction.
Disclaimer : This analysis is for informational purposes only and does not constitute financial advice or an investment recommendation. Trading in financial markets involves substantial risk, and you should be aware of your risk tolerance and investment objectives. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author of this analysis is not responsible for any financial losses you may incur based on the information provided.
BTC triangle theory - the big pictureBitcoin seems to be regressing to the mean with the latest bull run. On a logarithmic view, a linear or even exponential upward trend can appear as a gradually flattening or asymptotic curve (the white line that bisects the highs and lows). This trend is identified by smoothing out the price history with a geometric "best fit" and with trend lines (in dark green) that can be drawn retrospectively extending from prior lows to subsequent highs. Extrapolating this pattern onto the recent BTCUSD chart, and with weekly closing prices as a guide, we see that bitcoin is now once again approaching (at around $90K USD) the mid-region of its potential for historic gains. The top half of these gains have been highlighted with a triangle, which in each cycle features a base along the smoothed mean. The final triangle, yet to be filled, is an extrapolation of the past pattern of cycles.
Triangle breakdownHello you all would have seen the bull run I had predicted long time back ... Beware I am expecting a fall in crypto currency all, Are forming negative patterns at the top ... stay away from the trap
Gautam Khanna
GK trade Manthan
$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK.
Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week!
We are just getting started, though, and now you see how well my "High Five Setup" works!
Almost 10% on the day bang! If your in this name with me show some love in the comments!
The chart shows price targets in Green and the measured moves!
Not financial advice.
BONKUSDT Ready for Big PUMP!!!BINANCE:BONKUSDT has recently broken out and successfully retested a previous resistance level, showing signs of strength. Now, it’s attempting to break out of a triangle pattern, with the resistance line acting as a key barrier. If it manages to break through, a significant upward move could be on the horizon, fueled by the ongoing memecoin craze. However, caution is advised—consider using only a small portion of your capital to manage risk in this volatile environment.
BINANCE:1000BONKUSDT.P Currently trading at $0.000036
Buy level: Above $0.000033
Stop loss: Below $0.0000262
Max Leverage 3x
Always keep Stop loss
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USDCAD- Bullish Trend Continuation - Bullish Triangle patternFormation of Bullish triangle pattern depicts trend continuation and no divergence on 1H time frame
Doge- Next target 0.5Dogecoin has held support perfectly at the former resistance levels from August and October 2021.
After a much-needed correction, it has started to consolidate, with the range narrowing into a symmetrical triangle.
The target for this pattern is 0.5, and as long as yesterday's low remains intact, the coin’s outlook remains extremely bullish.
FLOKIUSDT: Retest Complete. Is a Dogecoin-style Rally Next?BINANCE:FLOKIUSDT has made a strong breakout from its triangle pattern, followed by a solid retest of the support level. This setup indicates a potential bullish move, with the possibility of following a similar trajectory as Dogecoin. With the current hype surrounding meme coins, SEED_DONKEYDAN_MARKET_CAP:FLOKI could be gearing up for a pump. As always, remember to trade cautiously and consider managing risk by only using a portion of your capital. Let’s see if BINANCE:FLOKIUSDT can ride this momentum to new highs!
BITGET:FLOKIUSDT.P Currently trading at $0.000197
Buy level: Above $0.000177
Stop loss: Below $0.000142
TP1: $0.00022
TP2: $0.0003
TP3: $0.00045
TP4: $0.0008
Max Leverage 3x
Always keep Stop loss
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GBPCAD can we see higher bearish push
GBPCAD higly good price action structure, price touch trend lines 2 times, we have visible and SYMMETRICAL TRIANGL inside trend lines-zone and CHANNEL pattern is visible its be breaked today.
Currently here bearish push still expecting till next long term trend line
SUP zone: 1.80200
RES zone: 1.77600, 1.77000
GOLD (XAUUSD): Core CPI Ahead! Your Plan:Don't forget that today's CPI release is expected, and gold is likely to react significantly to this news.
Here are the possible scenarios:
📈 Bullish Scenario
The market has formed an ascending triangle on the 1-hour chart and is currently testing its neckline.
A break and close above this level would be a strong bullish signal, potentially pushing prices up to the 2635 level.
📉Bearish Scenario
There is a strong rising trend line that the price is currently respecting.
A bearish break and a 4-hour candle close below this trend line would be a strong bearish signal.
The market could then drop to the 2545 level.
Wait for the news release and then look for a breakout to confirm the direction.
NZDJPY → 92.00 - bull run triggerOANDA:NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally...
On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind.
JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us.
Resistance levels: 92.00
Support levels: 91.362
The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher.
Rate, share your opinion and questions, let's discuss what's going on with ★ OANDA:NZDJPY ;)
Regards R. Linda!
