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Triangle

GOLD MARKET AnalysisAfter Powell's speech on Friday and his comments on interest rates, gold was welcomed by buyers and moved towards its previous ceiling. On Monday, the market continued to buy gold again and raised the price to 2527. Currently, the price is close to its historical ceiling. By carefully examining the chart, we can see that the price entered the resting phase in the form of a correction triangle in an ascending channel after an ascending rally, and then broke this area upwards with a powerful candle, and on returning to it, pulled back and faced the demand again. . Currently, gold is more inclined to rise. And buying in the support areas will be a good option. The target of this upward wave can be in the area of ​​2555 and 2570 dollars.
TVC:GOLDLong
by mehdi3663digital
Bitcoin can rebound from resistance level and start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to triangle, where at once made an impulse down from the resistance line to the support line, breaking the 64900 and 57900 levels. After this, the price turned around and repeated impulse up to the support level, which coincided with the buyer zone and broke this level again. Next, BTC rose a little more, after which some time traded near and later made a correction to the 57900 level. Then the price bounced and rose to the resistance line of the triangle, some time trading near and later exiting from this pattern. After this movement, Bitcoin continued to move up to the resistance level, and when it reached it, price little time traded near and not long time ago started to decline. In my opinion, BTC can reach a resistance level again and then start to decline to the 57900 support level. For this case, my TP is at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
Ascending TriangleDaily chart, clear breakout of the Ascending Triangle on the friday on relativly good volume but nothing crazy... still in the summer doldrums. Resistance at fib 0.236 level Bullcase: Shortsellers liquidation levels are concentrated at around $70k and marketmakers are incentivized to run prices up to those levels to grab their bags. Target: 71k, coincides with the range high Entries: Looking for a re-test in the zone between the triangle breakout and the fib 0.382 level Bearcase: Still relativly low volumes (summer doldrum with lower amount of market-participants) and moves can more easily be sold in to, gaining momentum downwards. If price starts closing daily candles below $61500 I deem the Ascending Triangle pattern as weak and break to the downside is likely. Target: 1st zone 60k (at the 0.5 fib level) 2nd zone 52k (at the 0.618 fib level)
by lill_knaas
EURUSD → ATH update, false breakdown, but there are nuances...FX:EURUSD continues to strengthen, updating the December 2023 ATH and forming a false breakout that could form a small correction before a possible rise. . The key level is 1.1123, as well as the high of 1.1173. The struggle for the lower level continues, bears are not letting the price up, expecting to capitalize on the correction before the news. The focus is on Powell's speech, which will take place at 14:00 GMT. His tone, prerequisites and comments could set a strong medium-term backdrop for the markets. Technically, 1.1075 has formed a pool of liquidity that could be of interest to MM. But we need to watch price behavior, a small correction and a retest of resistance or consolidation near the level will be a good signal that the bulls are ready to go higher. Resistance levels: 1.1123, 1.1173 Support levels: 1.1047, 1.1009 The price is currently in the consolidation phase. The correction may start, but if the price turns to retest 1.1123, it is worth considering a breakout strategy and further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
4
Honestly, I don't feel like explaining, the chart says it all !!If it closes below the midline this week, price may see the bottom of the channel. maybe... ✨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!!
by CobraVanguard
Frankly, I don't feel like explaining, the chart says it all !!BTC broke the triangle!! Previous Analysis the price can increase as much as the measured price movement ( AB=CD ) . ✨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!!
Long
by CobraVanguard
4
TON's Situation: What Shall we Expect ??BINANCE:TONUSDT TONUSDT is attempting to break through resistance of symmetrical triangle pattern after bouncing off support. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Finished the correction Wave. Note: we should wait for the breaking of the triangle and than make a move! ✨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!!
by CobraVanguard
5
SOL → Accumulation in the bullish trend continues ↑BINANCE:SOLUSDT after the shakeout relative to resistance and triangle support continues to consolidate again on the background of the bullish trend. The priority of the figure is the continuation of the current trend. The strong fall due to fundamental reasons: the US unemployment rate, profit-taking and panic are quickly bought back, bringing the coin back into the range, which in general hints us at a strong bullish component of the market. After a retest of 162.45 resistance, a correction is forming, 0.5 fibo may be tested, or trend support before further upside. Emphasis on triangle resistance, a retest or pre-breakout consolidation may be formed before a breakout. Support levels: 141.2, 136.7, 126.4 Resistance levels: 162.45, 188.32 Fundamentally, the menet has a good potential. Technically, the price is in a sideways movement, but against the background of a global bullish trend. After consolidation, a distribution is formed and our task is to understand in time when this distribution can start... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
9
JASMYUSDT (Update) !!!BINANCE:JASMYUSDT JASMY broke the triangle!! Previous Analysis the price can increase as much as the measured price movement ( AB=CD ) . ✨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!!
Long
by CobraVanguard
1
HelenP. I Bitcoin can break resistance level and continue growHi folks today I'm prepared for you BITCOIN analytics. If we look at the chart, we can see how the price reached the resistance level and instantly rebounded down to the support level. After this move, BTC turned around and made an impulse up, back to the 61300 level, traded there for a bit, and then dropped to the support level again. The price also started trading inside a triangle, where it broke the 58000 support level and fell to the trend line, which is also the support line of the triangle pattern. After this move, BTC made an impulse up from the trend line, breaking the support level again, and later corrected back to this level. Next, BTC rose to the resistance level but quickly dropped to the trend line, then shortly after, it rose back to the 61300 level. Now, the price is trading very close to this level, so, in my opinion, BTCUSDT will rebound from the resistance zone just below, then turn around and start to grow. I expect the price could break the resistance level and even exit the triangle, continuing to move up afterward. For this case, I set my goal at 62600 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Bitcoin can exit from triangle and continue rise to 65600 levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago started to grow inside the upward channel, where it soon reached a resistance level, which coincided with the seller zone. Later price broke the 65600 level and rose to the resistance line of the channel, after which rebounded and made a correction to the support line of the channel. Next, the price rose back, but soon turned around and entered to triangle, where it in a short time declined from the resistance line to the support line, thereby breaking the 65600 and 57500 levels and exiting from the upward channel. Then Bitcoin turned around and made impulse up from the support line, breaking the 57500 support level, which coincided with the buyer zone, and then made a retest. Also later, the price declined to almost the support line of the triangle, after which bounced and at the moment trades very close to the resistance line of the triangle. In my opinion, BTC can little correct to support line and then rebound up, thereby exiting from the triangle pattern. After this, price will continue to move up to the 65600 resistance level, so, that's why this level is my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
XrpUsd - Please trade this triangle!BITSTAMP:XRPUSD is again rejecting the triangle formation - time for a bullish breakout! Just one month ago, I told you that XrpUsd is preparing a bullish rejection and a triangle breakout followed by an insane bull-market. So far this is playing out exactly as predicted and XrpUsd is outperforming 95% of all other cryptocurrencies. Please just listen to me and take a look at the triangle pattern. If it breaks then we can see a similar rally as we saw back in 2013. Levels to watch: $1.00 Keep your long term vision, Philip - BasicTrading
BITSTAMP:XRPUSDLong
by basictradingtv
29
BNX → The coin is stronger than the market. Bullish trendBINANCE:BNXUSDT looks quite strong relative to the entire cryptocurrency market, maintaining an already strong bullish trend. The price is forming a range and it is worth paying attention to its boundaries... The situation is complicated by panic, bitcoin is unstable and thus creates unnecessary volatility in the whole market. The ideal outcome would be to stop the market and reduce volatility or consolidate so that action can be taken. But in fact BNX looks stronger than the market and this is worth taking into consideration. The focus is on the strong 1.4252 - 1.2800 range. Because of the challenging technical environment, two scenarios are worth considering (but I like the resistance breakout the best) If the bulls hold 1.2800 and start gradually approaching 1.4252, we should expect a breakout with further upside to 1.75 range resistance or even higher in the long term. Support levels: 1.28, 1.1618 Resistance levels: 1.4252, 1.5161 However, if the bulls fail to hold 1.28 and the price breaks the support on the background of high market volatility, it may test 1.1618 - 1.0399 once again before further growth, as the uptrend is still in place Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT.P ;) Regards R. Linda!
Long
by RLinda
2
EURJPY: Your Trading Plan ExplainedLast week, EURJPY broke and closed above an important horizontal daily resistance. Following the breakout, the market retraced to a previously broken level and established a symmetrical triangle pattern. To enter a long position with confirmation, I am monitoring for a bullish breakout, specifically a candle closing above the triangle's resistance line. This would provide a strong signal for a potential intraday trade. If the breakout occurs, I anticipate a bullish trend continuation towards the 163.94 level at least.
Long
by linofx1
2