ETH 1D - TRIANGLE 1 + TRIANGLE 2ETH 1D - TRIANGLE 1 + TRIANGLE 2
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ETH 1D - TRIANGLEs
ETH is still within 2 triangular zones:
Triangle 1: formed by the dynamic resistance and the dynamic support at approximately 2400.
Triangle 2: Extension of this triangle to the base of the bullish channel at 2150.
Depending on our strategy we can buy at the bases of both triangles while waiting to leave the resistance zone.
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Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, as it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the process of development and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Triangle
TRB can Start To Increase SoonThe TRB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTCUSDT 1D - Bullish Flag + TRIANGLEBTCUSDT 1D - Bullish Flag + TRIANGLE
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BTCUSDT 1D - Bullish Flag + TRIANGLE
BTC continues to develop a huge bullish flag pattern that has not yet broken upwards. And it continues to mark new lower highs.
On the contrary, from the lows at 49K, BTC is developing a climb of increasing lows.
Both trends configure a TRIANGLE that must be resolved either with an upward impulse looking for 70k, or breaking the increasing lows and posing a bearish scenario.
We will have real bullish impulses when it breaks 66500 and reaches 69k - 70k.
Right now, I see BTC looking more for 120 than 58k, but nothing is written here and both things could happen. Fall to 58k and flight to 120k with its corresponding stops along the way.
_______________________________________________________
Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
BTCUSDT 4h - Triangle inside the cup handle :)BTCUSDT 4h - Triangle inside the cup handle :)
If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis.
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BTCUSDT 4h - Triangle inside the cup handle :)
We have another formation to launch rockets.
The triangle that is forming inside the handle will have an explosive exit again as it has recently happened. It is possible that the price will generate great volatility to leave out both the longs and the shorts, eliminating all those who are leveraged by triggering the Stop Loss. Then it will take the direction that best suits it.
There are open buy orders up to 55k so we could make that minimum before thinking about anything. This level could be the impulse zone to look for 69k.
_______________________________________________________
Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Actual Success Rates of Ascending and Descending TrianglesActual Success Rates of Ascending and Descending Triangles
Here is an analysis of the actual success rates of ascending and descending triangles in trading, based on the information provided:
Success Rates
Ascending and descending triangles generally have fairly high success rates as continuation patterns:
-The ascending triangle has a success rate of approximately 72.77%.
-The descending triangle has a slightly higher success rate of 72.93%.
These numbers come from a study that tested over 200,000 price patterns over a 10-year period.
Factors Influencing Success
Several factors can influence the success rate of these patterns:
-The trader's ability to execute the strategy correctly
-Market conditions at the time the triangle formed
-Market liquidity
-Overall market sentiment
Important Points to Consider
-Triangles are considered reliable continuation patterns, especially in trending markets.
-The ascending triangle in an uptrend is statistically more reliable than the descending triangle.
-To validate the pattern, the price must touch at least twice each of the upper and lower lines.
-An increase in volume during the breakout is an important confirmation sign.
Strategies to improve the chances of success
-Wait for the triangle to fully form before entering a position1.
-Confirm the breakout with a close above/below the resistance/support level.
-Use additional technical indicators to confirm the signal.
-Pay attention to the volume, which should increase during the breakout.
Conclusion
Although ascending and descending triangles have relatively high success rates, it is important to use them in conjunction with other technical analysis tools and to take into account the overall market context to maximize the chances of success.
DYM/USDT: READY FOR AN ATH!!Hey everyone!
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DYM is showing strong potential! It’s breaking out of a symmetrical triangle on the daily time frame and looks primed to test its all-time high (ATH). Consider buying now and accumulating more on dips for maximum profit.
Entry range: CMP and accumulate up to $1.48
Short-Term Targets: $2.20 / $3.34
Long-Term Targets: $5.16 / $6.96 / $8.40
Stop Loss (SL): $1.11
What do you think of DYM's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
Will Gold Hit New Heights?Current Price: 2653.84
Multi-Timeframe Analysis:
• 4H Chart: Symmetrical Triangle (Bullish Continuation)
• 1D Chart: Pennant (Bullish Continuation)
• 1D Chart: Long-Legged Doji (Indecision)
Given the bullish signals from both the symmetrical triangle and the pennant patterns, along with the long-legged doji indicating indecision, the market is likely to be bullish. Watch for a breakout above the upper trendlines in both patterns, confirmed by strong volume, to capitalize on potential upward momentum.
Price Target Break Out:
2685 | 2728 | 2750
Price Target Break Down:
2627 | 2575
Happy Trading!
$MBLY MASSIVE SHORT SQUEEZE / SYMMETRICAL TRAINGLE BREAKOUT!!!!!NASDAQ:MBLY IS 31% SHORTED AND HAS A SHORT FLOAT OF 16-17% ON THE SHARES OUTSTANDING!
WE ARE GEARING UP FOR A MASSIVE SHORT SQUEEZE ALONG SIDE SYMMETRICAL TRIANGLE BREAKOUT!!!
Mid-September Playout = Mid-October 11 DAY SETUP!
- Bounced off 25/50 SMA AND started a Symmetrical Triangle.
- Ran 17.8% into 200MA Resistance
- Pulled back 7.05%
- Bounced off 50MA, Ran 19.33%
- Pulled back 14.37%
- Then Ran 25.77% BEFORE GIVING IT ALL BACK DOWN TO SYMMETRICAL TRIANGLE BOTTOM
These price targets (PT) and pull backs (PB) are based off Mid-September Playout and a breakout of the Symmetrical Triangle pattern!
UNDERSTAND! WHEN THIS THING BREAKS UPWARD OUT OF THE SYMMETRICAL TRAINGLE WE COULD HAVE AN EPIC SHORT SQUEEZE HIGHER TO $20+ !!!!!
Also, there is a GAP to fill at $20.01 if you want to play the longish game on this one!
PRICE TARGETS AND PULLBACKS LISTED BELOW:
PT1: $13.77
PB1: $12.80
PT2: $15.27
PB2: $13.07
PT3: $16.45
PB3: $13.15
Not financial Advice! Good luck!
BTC's situation+next targets and expected movements.(Daily)I still stand by my opinion and haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break this triangle strongly and rose to above $66,500. However, The price has now been corrected and it can go up to 67k, and then breaking the head and shoulders pattern, and finally reach the megaphone top.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TON. Grows like a playbook.CRYPTOCAP:TON idea given ten months ago worked out with 100% accuracy, but much earlier than expected. Fibonacci correction worked out the level of 0.618 and is complete for further continuation of the growth trend. At the moment, the price forecast is somewhat abstract... I would say that the price will return to the ascending channel, where the intermediate target will be the middle of the channel. All movement is supported by volume and oversold RSI.
Descending triangle breakoutPrice is retesting the support zone of descending triangle pattern.
Wait for conformation only when the price breaks the current candle high and supply zone.
Fundamentals are good
Weekly time frame analysis:
NOTE: I do my analysis, do yours before trade.
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STX Pumped From the trend lineBINANCE:STXUSDT is still moving in a ascending triangle, In my previous update i was expecting a breakdown of this triangle but fortunately Stx retest the trend line and made multiple Green Candles.
I have marked the Retest of this Trend line It is showing Clearly that after retesting this trend line STX is making a high, If the Bitcoin and Crypto market remain bullish Stx could hit the price may be 2$-2.3$.
BIGTIME/USDT: LOW RISK, HIGH REWARD TRADE SETUP!!Hey everyone!
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BIGTIME is showing strong potential! It’s forming a descending triangle and has created a confirmed deviation. Currently, it’s bouncing off the lower trendline of the triangle, presenting a solid buying opportunity. Consider entering here and adding more on dips.
Entry range: CMP and accumulate up to $0.106
Targets: $0.121 / $0.132 / $0.149 / $0.175 / $0.20 / $0.222
Stop Loss (SL): $0.0965
Leverage: 2x - 4x
What do you think of BIGTIME's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
GOLD → Consolidation in correction phase ahead of news...FX:XAUUSD is in correction phase, but before important news a consolidation is formed due to fear and unpredictability factor. Analysts are expecting a decline in inflation, but what will happen in fact? A bull run or a dump?
Markets are pricing in an 81% chance of a 0.25% interest rate cut in November. But yesterday's minutes showed that most officials supported an excessive 0.5% rate cut to balance inflation confidence and labor market concerns.
Ahead of CPI, Initial Jobless Claims ...
If CPI shows stronger data, the question among regulators will be in a different vein of “should we cut 0.25?” which will only reinforce the dollar's rally and markets will continue a solid correction.
A larger decline in CPI could revive hopes of an excessive Fed rate cut in November, triggering a correction in the US dollar. Gold could experience a fresh influx of funds.....
Resistance levels: 2623, 2627, 2637
Support levels: 2605, 2600, 2585
Technically gold is in correction and the pressure from bears continues. In the mid (short) term, I expect a retest of resistance at 2623 (a false breakdown is possible) followed by a decline to 2600-2585. It is not excluded that the news may have an opposite effect...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
USDCAD → Breakout. One step away from distribution...FX:USDCAD makes an attempt to break through the resistance of the “wedge” consolidation on the background of a growing dollar, the reasons for which are economic data from the USA. NonFarm Payrolls are ahead!
On the weekly timeframe, the currency pair is bouncing off the support trendline and heading towards resistance, the pattern as a whole resembles an ascending triangle. But still it is a global sideways range. The movements in it are quite difficult and the price is dragging between the local levels. Ahead is the NFP report, which may become an engine for the price, and based on the assumptions from Wednesday and ADP NonFarm we can assume that on this background the growth of the dollar and the currency pair may continue.
Technically, the bulls are trying to hold the defense above the previously broken resistance. The impulse is beginning to form...
Resistance levels: 1.358, 1.364
Support levels: 1.353, 1.347
If the bulls keep the price in the new plane (buying zone), the price may reach the nearest targets quite quickly. If the news will be favorable, then in this case a rally to the distant targets may be formed. Unpredictable data will bring the currency pair back to the range and may bring the price down to 1.347
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;)
Regards R. Linda!
ETHEREUM → Support breakdown? Zone of interest 1550 ↓BINANCE:ETHUSD continues to give up positions. Buyers do not believe in growth in the near future. Bears are increasing their pressure, which may lead to the breakout of the strong support zone...
As seen on W1, the next potential target, in terms of liquidity, could be the 1550 support. Any attempt to buy back the asset on a retest of the support does not result in anything radically bullish. The market will not allow the price to approach the intermediate highs, which indicates the buyer's weakness.
On H4 the price is squeezed by local ascending support (bottom of the triangle) and descending conglomerate of moving averages, which clearly dictate the location of strong resistance. In the mid-term, there may be a rebound to the local highs or SMAs before a further decline.
Resistance levels: 2471, 2520, SMA
Support levels: 2310, 2250, 2111
So far there are no technical or fundamental reasons in favor of the buyer. Seller's pressure may be intensified. The breakout trigger is 2325. The trigger for a pullback is 2475 - 2500.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
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[Short Term] Symmetrical Triangle Reversal in SYRMAThis chart of SYRMA on the 1-day timeframe shows a Symmetrical Triangle Pattern formation, a pattern typically indicating potential price consolidation before a breakout.
Resistance Line (Red Zone):
The price has repeatedly been rejected around this downward sloping resistance, as highlighted by the red arrows.
The price consistently meets selling pressure at these levels, pushing it back down.
Support Line (Green Zone):
The price finds support at this upward-sloping line, bouncing back every time it reaches this level, as marked by green arrows.
This support forms the lower boundary of the triangle.
Pattern Height:
The vertical distance between the resistance and support lines is labeled as the Pattern Height. This height is used to project the breakout target by adding it to the breakout point.
Breakout Targets:
Breakout Initial Target ~ 500+: After breaking above the resistance line, the first target lies around this level.
Target 2 ~ 550+: The next price target, following continued bullish momentum.
Final Breakout Target ~ 600: The price target, based on the full height of the triangle added to the breakout point.
Reversal Target (450+):
Before the breakout, the price could reverse and approach this target (~450), where you can decide to either hold or exit positions based on further price action.
Entry & Stop Loss:
Entry Point: A long position can be considered above the 417 level, as marked in the chart.
Stop Loss: The recommended stop loss is set below the 395 level to protect against potential downside risk.
This technical analysis indicates a possible bullish breakout if the price can sustain above the resistance level. The Symmetrical Triangle Pattern suggests a neutral consolidation, but a breakout could lead to a strong upward rally towards the mentioned targets.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.