Get started

Triangle

MarketBreakdown | EURUSD, EURJPY, GBPCAD, GBPNZD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ EURUSD daily time frame 🇪🇺🇺🇸 EURUSD looks heavily overbought after a recent strong bullish rally. The price started a correctional movement and broke a solid rising trend line. I think that the pair will continue the correction to lower levels. 2️⃣ EURJPY daily time frame 🇪🇺🇯🇵 I see a classic bearish accumulation pattern - a descending triangle formation. Bearish breakout of the neckline of the pattern and a daily candle close below that will be an important event that will most likely trigger a strong bearish reaction. Alternatively, a bullish breakout of a trend line can be a strong bullish signal 3️⃣GBPCAD daily time frame 🇬🇧🇨🇦 The price formed an inverted cup & handle pattern after a test of a key daily horizontal resistance. A breakout of the neckline of the pattern signifies a highly probable continuation of a retracement from the underlined read area. 4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿 I see a confirmed breakout of a neckline of a huge descending triangle formation. The broken structure and a falling trend line compose a contracting supply zone now. I will expect a bearish movement from that to lower structure levels. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
EURCAD → A change in sentiment to bearish. MA-200 breakdownFX:EURCAD breaks trend support and spills to the downside as funds increase long positions on the Canadian dollar, whose rise is directly linked to the fall in DXY. On D1, we see the currency pair returning to the range (1.5040 resistance) after a deep false breakdown. Accordingly, after the short-squeeze the market has potential - liquidity located at the bottom. Accordingly, in the nearest future the market may test 1.497, then 1.493. BUT! On H4 there is a strong zone of 1.498 ahead. There is a high probability of a false breakdown and correction before a further fall, because below this zone there is a huge pool of liquidity, which will not let the price pass the first time. Resistance levels: 1.506, 1.5085 Support levels: 1.498, 1.49 The 200&50 SMAs act as resistance, which indicates the current market sentiment. If the market is weak, a correction may not happen, bears may break the level quite quickly. In any case, it is worth watching the price reaction at 1.498 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;) Regards R. Linda!
Short
by RLinda
5
NOT will get a new impulse.I bided my time to share my thoughts. 1. The crowd started reacting to Durov's arrest as if the whole life of the crypto project is equal to the fate of a media person. And the people who shouted the loudest, they don't even realise that they themselves believe in this connection. all is well with Durov, so all is well with NOT. These people are a long way from the philosophy of libertarians, much less anarchists. Contempt for the hysterical. By the way, the most important tech evangelist of Telegram is not Pavel Durov himself. It's his brother Nikolai Durov. World champion student coder. Durov is a visible public face. They're like Oskar Schindler and Itzhak Stern. One creates the presentation, the other creates the ideas. 2. I assumed that the absurdity of the charges (failed to help disclose a protected communication = helped distribute drugs, nonsense) would run into very expensive lawyers that Durov could afford. I'm sure the fact that he's out on bail shows that the charges were met with a decent defence. Complicity sounds ridiculous. 3. Important detail. Many people noticed this in Russia, but I'm not sure it was noticed elsewhere. On the eve of his arrest, Durov flew to Azerbaijan. The Russian press leaked versions that he would meet with Putin there (he was there on a state visit these days). Analysts speculated that since another Telegram blockade had just begun in Russia, Durov was travelling to try to negotiate something with Putin. Soon a report appeared ‘Vladimir Putin did not meet with Pavel Durov in Baku.’ It was only after that that Durov flew to Paris, where he is arrested. What if this is a necessary step by Durov to dismiss the stupid charges through the court, to find a new formula for co-operation with the authorities and to better protect his business? If these arrest warrants are in place, then there must be some way to prove that they are ridiculous. Because he clearly lacked the support he may have been looking for from Putin. So he took the risky step of coming to France. Somehow people thought it was a colossal mistake. Not a calculated business risk. So he needed business in Europe. Durov's already out on bail. Being under court supervision doesn't stop him from doing business. He's not in jail. What if tomorrow we find out that Telegram changed its protocol for co-operating with the police on child pornography? And in court, the prosecution's case would be shattered by the defence? Therefore, the whole thing was worthless. 4. people who are completely confused in their heads are despicable. They write NOTcoin and mean TONcoin. They write TONcoin and mean NOTcoin. And all this only because they heard somewhere that all this is somehow connected with Pavel Durov, and therefore it is the same thing. Such guys not only can't be trusted with the keys to cryptocurrencies, they can't even be trusted with the key to their own flat. Exaggerating concepts and meanings is disgusting. NOTcoin is not TONcoin. Yes, it is an asset integrated into the TON system. But TRON has a lot of things integrated into it as well. However, some coins on TRX are rising, others are falling. No need to generalise. NOTcoin is related to gaming. TONcoin is a more universal currency, more like classic money. 5. VFI LF on the 4 hour timeframe is showing increasing volume flow, and even the slow volume EMA is about to move to the upside from zero. To watch. 6. In Russia there is a saying ‘Fear has big eyes’. This is the very case, as they are now looking at NOT. Forget about Durov. He is not a tsar or a god or a hero. An asset is an asset. 7. As with the rest of the market, we need a falling bitcoin dominance. This is far more important than whether Durov is in jail or not.
by averkie_skila
5
GOLD - Price can make small move up and then bounce downHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $2385 level and then entered to triangle, where it fell to support line. Then price made a strong upward impulse to $2475 level, thereby breaking $2385 level and exiting from triangle. After this movement, Gold entered to wedge, where it at once fell to support line, but then started to grow. In a short time, price rose to $2475 level, broke it, and then reached resistance line of wedge, after which fell. Price declined to $2475 level, which coincided with support zone and recently it started to grow. Now, I think that Gold can make one more movement up and then fall to $2475 support level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
Bitcoin Outlook after the Dip. What to expect NOW?BINANCE:BTCUSDT is attempting to break through resistance of symmetrical triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 100 to confirm the continuation of the bullish trend📝 ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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:BTCUSD
by CobraVanguard
1
#BTC: A BULLISH RETEST??Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin is currently trading near the $61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated. However, a failure to hold the retest level and a subsequent close back within the triangle would invalidate the bullish pattern. In this scenario, we could see a potential pullback towards the $56k-$57k range. Potential Targets: Breakout: A successful breakout could lead to a rally towards FWB:65K -$68k. Stronger Breakout: A more decisive breakout could target $70k-$75k. What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
1
GBP/JPY Could be About to Soar by 290 pipsGBP/JPY is stuck in an ascending triangle pattern that has been forming over the last 11 days, beginning on Thursday, August 15. The pattern is defined by a horizontal resistance line at the 192.03 level and an upward-sloping trend line. The price has been rejected at the 192.03 resistance level on multiple occasions, increasing the importance of this level. A breakout above 192.03 could lift the price by 1.5%, equivalent to 290 pips. This price target is derived from the height of the ascending triangle pattern. 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
by ThinkMarkets
MYRO Update — Big Move IncomingMYRO has entered an ascending triangle pattern after its latest (massive) drop. So, just as a refresher, between the end of July and the beginning of August, MYRO lost almost 60%. Typically, an ascending triangle pattern is considered a bullish pattern. That means we should see a break to the upside at some point, followed by a sharp price increase. If this happens, we could see the price again attacking 0.14-0.15. So, again, watching the trend line is essential. Never enter too early and without confirmation!!
Long
by ben_walther
1
IMXUSDT→ Exit from consolidation. One step away from the bullrunBINANCE:IMXUSDT exits the local consolidation and also breaks the resistance of the global trend, which can be regarded as a positive prerequisite for growth. IMX is consolidating above the support at 1.386, formed in June. The area divides the market into 2 parts (long and short). Bulls are actively trying to keep the price above this zone, buyers' target is the area of 2.576. But before the rally MM can form a local long-squeeze, in which a false breakdown is possible (liquidity capture below the level) before further movement. It is also worth paying attention to MA-50, within the framework of the retest the market may test both sma and the previously broken wedge boundary before resuming the rally phase. Support levels: 1.386, MA-50, 1.076 Resistance levels: 1.543, 1.784 Bitcoin is pressuring the market, which is forming a local correction, if the flagship starts moving up, it will strengthen the overall tone in IMX. But, if still bulls hold 1.385-1.400, breaking 1.520 resistance will give another chance for growth. Regards R. Linda!
Long
by RLinda
4