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Triangle

Ascending Triangle Pattern Tutorial: 3/8 Bullish PatternsAscending Triangle Pattern Tutorial: 3/8 Bullish Patterns An ascending triangle is a bullish continuation chart pattern that signals the potential for an upward breakout. Here's how it forms: Flat Upper Trendline: The upper trendline is flat, indicating a resistance level where the price consistently faces selling pressure and fails to move higher. Rising Lower Trendline: The lower trendline is ascending, showing higher lows as buyers step in at increasingly higher prices. Price Convergence: The price action gets squeezed between the two trendlines, leading to a tightening range. Breakout: Eventually, the price breaks above the resistance level, indicating a continuation of the upward trend. This breakout is typically accompanied by a surge in volume. Ascending triangles are popular among traders because they offer clear entry and exit points. The height of the triangle, measured from the base to the horizontal resistance, can be used to estimate the potential price target following the breakout. LIKE l FOLLOW l SHARE
NASDAQ:METAEducation
by RonnieV29
6
Symmetrical Triangle Pattern what is it/ how to draw it? 2/8Symmetrical Triangle Pattern what is it/ how to draw it? 2/8 Bullish Charting Patterns A symmetrical triangle is a chart pattern that forms when the price of an asset converges with two trendlines that are moving towards each other, creating a triangular shape. Here’s how it works: Converging Trendlines: The upper trendline is formed by connecting the descending highs, and the lower trendline is formed by connecting the ascending lows. These trendlines converge at a point called the apex. Volume Decrease: As the pattern develops, trading volume typically decreases, indicating a period of consolidation and indecision in the market. Breakout: Eventually, the price breaks out from the triangle, which can occur in either direction – upwards or downwards. The direction of the breakout often dictates the future trend of the asset. Symmetrical triangles are considered continuation patterns, meaning they usually signal that the prevailing trend (upward or downward) before the pattern will continue after the breakout. Traders often use the height of the triangle (the distance between the initial high and low points) to estimate the potential price target following the breakout. Like l Follow l Share Stay tuned for the other 6 BULLISH CHARTING PATTERNS
NASDAQ:ULTAEducation
by RonnieV29
6
NEIROETH → The coin is one step away from rallying ↑BINANCE:NEIROETHUSDT.P consolidates before a possible takeoff. The potential of the cryptocurrency market is beginning to unfold amid the excitement surrounding Trump's victory While bitcoin is hitting all-time highs, some altcoins are still considered extremely undervalued. NEIROETH is coming out of accumulation (triangle) but faces a strong liquidity zone. The coin continues to accumulate potential, but with a hint of resistance breakout. The key liquidity zone is 0.1150. Technically, the picture on the chart is shaping up to be extremely bullish: no renewal of lows, strong consolidations and strong support levels. Resistance levels: 0.1150, 0.1400 Support levels: 0.0923, 0.067 I do not exclude the possibility of support retest and formation of a false breakdown before further growth. But in any case, a break of the key liquidity zone at 0.115 may trigger a rally. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROETHUSDT.P ;) Regards R. Linda!
Long
by RLinda
3
MU has closed above resistance MU has triggered my second entry with a close above resistance yesterday. My buy order is at 113.87 just above yesterdays high and my stop is at 105.60 just below the gap from 06 Nov. the 8 ema is above the 21 and 2ema is currently above the 89 ema pointing a short and longer term trend change. The angular trend line could also be used for a trailing stop until a better level presents itself. I try to remain flexible within my risk management rules!
NASDAQ:MU
by WarrenCP
2
EURO - Price can bounce down from triangle to $1.0640 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where some time grew near resistance line and then fell below. After this, price in a short time rose to $1.0830 level, made correction, and then bounced up, breaking this level. Next, price continued to grow in channel, and even made a gap, after which rose to $1.0935 points and turned around. Price made downward impulse, breaking $1.0830 level and exiting from rising channel too, and started to trades in triangle. In triangle, price fell to support area, after which bounced up to resistance line, but soon fell back. Now, I expect that price can reach resistance line of triangle and then bounce down to $1.0640, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
TON/USDT: BREAKOUT ALERT! 100% PUMP INCOMING!!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! TON Coin is flashing major potential! It's breaking out of a descending triangle on the daily timeframe and looks primed for a potential 100% surge. This could be an ideal time to buy on spot or consider a low-leverage long position. Entry Range: $5.4 - $5.6 Target: 80 - 100% upside Stop Loss: $4.9 Leverage: 2x - 3x Fundamentals of TON Coin: TON (The Open Network) originated from Telegram’s vision for a decentralized blockchain ecosystem. With its high-speed processing and innovative sharding technology, TON Coin aims to support a scalable and open financial platform. As institutional interest grows, so does its potential for future adoption. TON Coin’s setup looks strongly bullish! What’s your perspective? Share your insights and analysis in the comments below!
Long
by CoreCrypto1
Apple in ascending triangle, up to 280$ or down to 200$?Apple had a great move up from 165$ to 237$ in only 3 month, but since then price has been oscillating between 200$ and 237$, this oscillation seem to form an ascending triangle. Since the stock has been moving up in long and short term, the probability that this triangle breaks out to the upside is higher than breaking out to the down side. Currently the price is sitting at lower level of this triangle and if the pattern holds, we should see the price move up to 237$ in short term. If the price breaks out from there to the upside, then we will be looking at the price target of 280$. On the other hand, if the price breaks out to the down side, the price target is at 200$ where we have a-formerly resistance-support line. We should also notice that after the April-July bull run we have already seen a retracement to 0.5 level, and the current movement of the price could be seen as the uptrend after the retracement.
NASDAQ:AAPLLong
by Mo_reza_kaz
Euro can little grow more and then continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to trades inside the wedge, where it at once broke the 1.0790 level, which coincided with the seller zone but soon backed up to this area. Then the price continued to move up and later rose to 1.0840 points, but then EUR made a correction to support line of wedge. Then price turned around and started to grow to a resistance line of a wedge pattern and even made a gap, after which it exited from the wedge and turned around. Then prices made a downward impulse inside the triangle to the resistance area, breaking the 1.0790 level. After this movement, the EUR turned around and in a short time rose to the seller zone, after which turned around and dropped back. Also recently, the price broke the 1.0680 level and now it trades very close to the support line of the triangle pattern. In my opinion, the price can make move up to the resistance area and then continue to decline, even exiting from the triangle pattern. Therefore I set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
KNC's Bullish Clues are So Strong ! KNC is showing promising bullish momentum. But before we get too excited, let’s dive into the crucial levels and scenarios to determine the next probable move. KNC rallies from here and breaks the $0.53 resistance level, we might witness a notable shift in market structure, potentially propelling the price toward higher resistance targets. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
HDFCBANK Swing trading setupBased on the chart for HDFC Bank Ltd. in the 1D timeframe, here’s a swing trading analysis: T echnical Levels: 1.Support Levels: • The chart shows a notable support level around ₹1,726.80, where the price has previously bounced. • Additional support is around ₹1,677.45. 2. Resistance Levels: • The resistance near ₹1,771.95 is evident, as the price is approaching this zone with previous rejection. • Higher resistance is visible around ₹1,794, which could be a target level in case of a breakout. 3. Trendline & Price Action: • There is an upward sloping trendline indicating a series of higher lows, suggesting a bullish trend continuation pattern. • A break above the resistance level could signal a continuation of the uptrend, whereas failure to breach may lead to a pullback towards the nearest support levels. 4. Indicators (RSI): • The RSI value is around 58, indicating a moderately bullish momentum but not yet in the overbought zone. This suggests potential for further upward movement. • Watch for any divergence signals with the price for possible reversals. Swing Trading Plan: 1. Entry Points: • Consider entering a long position if the price breaks and sustains above the ₹1,771.95 resistance with strong volume, targeting ₹1,794 or higher. • Alternatively, if the price pulls back to the support around ₹1,726.80 and shows a bullish reversal pattern, a buy opportunity can be considered. 2. Stop-Loss: For long positions, place a stop-loss slightly below ₹1,726.80 or based on individual risk tolerance and volatility. 3. Target: Potential target levels include ₹1,794 and possibly higher if the trend continues upward with strength. 4. Caution: A failure to break resistance with increasing volume can lead to a pullback, making it important to wait for confirmation on a breakout or reversal. 5. Volume Consideration: Pay attention to volume spikes as confirmation for moves above resistance or bounces from support levels. Disclaimer: This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading stocks involves significant risk, and you should be aware of the risks involved before investing. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any trading or investment decisions. Past performance is not indicative of future results.
NSE:HDFCBANKLong
by tintinhawk
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution. BTC has one bullish driver after another as it approaches ATH: Trump's victory in the US presidential election. Then the second 0.25% Fed rate cut in this cycle Discussions about BTC as a strategic reserve. Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person. In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon. Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term. Resistance levels: 76900 Support levels: 75650, 74560, 73550 The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying). The target of 100K is becoming more and more real ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
46
NVIDIA breakout to 190$After a 65$ price surge from April to June, NVIDIA was experiencing some consolidation in the range of 140S to 90$. The price broke out of this consolidation zone which formed a symmetric triangle pattern in mid October. The next target price for NVIDIA is 65$ up from breakout point at 125$, which makes the price target of 190$. This target level coincides with Fibonacci extension level of 2. We expect some resistance and sell off at this level, however, the company has huge potential and will probably break 190$ level after some consolidation.
NASDAQ:NVDALong
by Mo_reza_kaz
1
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area - Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range. - After the formation of a Double Top pattern, it has had a zigzag correction to the green box range. - It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box. - Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH. - In addition, a corner pattern with higher bottoms of the ascending channel is also formed. 💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone. 💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ETHUSDT
Long
by alikze
2
ETH: This May Be Your Last Chance Before Exploding to Upside !!In my opinion, Ethereum is really undervalued in terms of price. My price target for Ethereum is $7000. As you can see, the price is in an ascending triangle, and there is also a bullish divergence on the weekly time frame. This is something that cannot be easily ignored. We can hope that in the new year, Ethereum's price could at least double from its current value. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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:ETHUSDLong
by CobraVanguard
7