GBPUSD: Bullish Price Action After Breakout 🇬🇧🇺🇸
GBPUSD looks bullish after a retest of a recently broken horizontal resistance.
The price formed a symmetrical triangle pattern and violated its resistance line
leaving a strong bullish clue.
The market will most likely continue rising to 1.2789 level.
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Triangle
BITCOIN $BTCUSD | BITCOIN OVER $100,000 ! Dec05'24BITCOIN BITSTAMP:BTCUSD | BITCOIN OVER $100,000 Dec05'24
BITSTAMP:BTCUSD Trends:
BITSTAMP:BTCUSD Weekly: Bullish
BITSTAMP:BTCUSD Daily: Bullish
BITSTAMP:BTCUSD 4H: Bullish
BITSTAMP:BTCUSD 1H: Bearish
BITSTAMP:BTCUSD rallied over $100,000 for the first time ever, and just recently price fell all the way to around $92,250. Unsure where BITSTAMP:BTCUSD is headed next but thought I'd throw my indicators and a few quick drawings on the charts. BITSTAMP:BTCUSD also has an ascending triangle pattern that could be a good opportunity for trade entries.
BITSTAMP:BTCUSD pullback prices:
Is a pullback to $69,000 heating up, here are my potential pullback areas:
91,500
90,500
85,500
77,000
72,000
69,000
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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DEEPFAKEAI (FAKEAIUSDT): 20% Bearish Correction Confirmed?!Even though, 📉FAKEAI is trading in a long-term bullish trend,
we can not deny the following bearish clues:
↪️First, the pair violated a support line of a rising wedge pattern and closed below that on a 4H chart.
↪️Second, the price formed a descending triangle formation and broke its neckline as well.
We have 2 important bearish confirmations now.
The market may easily drop lower.
Next Support - 0.014
PULL BACK TO ATH? - BULLISH STRUCTURE HOLDINGAs illustrated, XRP is making yet another bullish structure and it seems that it's breaking out of it.
Be careful as this might be a choppy lift off, since XRP is very close to reaching historical high, and sellers might step in to put pressure by selling near the 2.50 - 3.00 price range.
However, I visualize bulls taking XRP to fresh ATH near the $3.0-$3.3 price range. Somewhere between $3.30 and $3.35
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GOOD LUCK!
DOGE/USDT: 40% RALLY INCOMING!!🚀 Hey everyone! 👋
If you’re loving this analysis, smash that 👍 and follow for more premium setups that deliver results! 💹
🔍 Technical Overview:
DOGE is gearing up for a powerful rally! It has broken out of a symmetrical triangle on the 2-hour timeframe, and the retest is already complete—signaling strong bullish momentum. This could be the perfect time to go long!
🎯 Targets:
Target 1: $0.465
Target 2: $0.504
Target 3: $0.538
Target 4: $0.572
🛡️ Stop Loss: $0.417
⚙️ Leverage: Low leverage (Max 5x)
💬 What’s your perspective on DOGE’s breakout? Are you seeing the same bullish potential? Let’s discuss in the comments, share your analysis, and ride this wave together to maximize gains! 🌊💰
Like altseason arrived: ETH follows bullish chart patternsHello,
Like altseason arrived, Ethereum established a bullish trend in the green channel. Furthermore, the price has been in the consolidation of a symmetrical triangle (green triangle), which seemingly broke upward. The bullish channel and the symmetrical triangle indicate the optimal risk-reward ratio for a long position. If the break isn't a bull trap, ETH might continue going up until the $4500 psychological resistance, which aligns with the top of the channel. Breaking the channel upward could send ETH to $5300.
Following a bearish scenario, ETH might be rejected from the current price (top of the triangle), in which case, it might find support at $3400 - the middle of the channel.
Regards,
Ely
ADA/USDT: READY FOR A 50% RALLY FROM HERE!!Hey everyone! 👋
If this analysis resonates with you, don’t forget to hit that 👍 and follow for more high-value setups! 💹
🔍 Technical Overview:
ADA is showing strong bullish momentum! It is forming an ascending triangle pattern in 4hr time frame and currently, retesting it. Long some here and add more in the dip.
Entry range: CMP and add more up to $1.16
Targets: $1.28/$1.42/$1.56/$1.70
SL: $1.0950
Lev: Use low leverage (Max 5x)
Why This Matters:
The setup points to a decisive bullish breakout for ADA! With the confirmed retest and strong support levels, it’s looking like an excellent opportunity for traders.
💬 What’s your take on ADA’s price action? Are you seeing the same breakout potential? Drop your thoughts and analysis in the comments below, and let’s ride this wave together! 🚀
Symmetrical Triangle Pattern
Symmetrical Triangle Pattern:
A symmetrical triangle is a technical chart pattern characterized by converging trendlines. This pattern often indicates a period of consolidation, followed by a breakout.
Bullish Breakout : If the price breaks above the upper trendline, it is typically seen as a bullish breakout , suggesting that the price could move higher.
Bearish Breakout : Conversely, a price movement below the lower trendline is considered a bearish breakout , signaling a potential downward trend.
In the chart, the price is nearing the apex of the triangle. If the price breaks above the upper trendline, the target price could be approximately $71.03 , based on the pattern's projected breakout level.
Target Calculation:
The price target for a breakout is generally calculated by measuring the height of the triangle at its widest point. This value is then added (in the case of a bullish breakout ) or subtracted (for a bearish breakout ) from the breakout point.
In this case, the $71.03 target suggests that, based on the symmetrical triangle's height, the price could potentially reach this level if the breakout is to the upside.
Fraser's Group - negative From the bottom of the pandemic they went from 180 to 995.
In Oct 24 they broke to the downside after forming a triangle pattern from July 22 to Oct 24.
There was no indication that the price would break out to the upside from that pattern.
In technical analysis, the target for Shorters would be 409.
GLA and DYOR. This is not a solicitation to hold or trade.
Altseason is Here - Follow Triangle BreakoutLong positions are piling up on Bitcoin (BTC) after each other.
I think that investors follow the consolidation to buy more.
Know that symmetrical triangles can break on either side.
Enabling you to follow the breakout, I made this chart.
This chart shows a symmetrical triangle tracing Bitcoin price action.
High as investors' risk appetite is, any drawback is potentially considered an opportunity.
I estimate that large-cap altcoins will do even better.
So, it might be a good idea to follow up on Ethereum.
NOTHING !!BITSTAMP:BTCUSD
Hello.
As you can see, Bitcoin failed to break the Ascending triangle in its last attempt, and now it is making a fourth downward wave based on Elliott , and than we have to wait for Bitcoin's rise.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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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!!
SOLANA → Consolidation before the rally continuesBINANCE:SOLUSDT is consolidating after a strong rally. This is a generally positive sign for continued growth as the altcoin season is in full swing. It may take some time to overcome the previous ATH
Within the current move, Solana updates the ATH and forms a false breakout, which closes the coin in a channel, but not for long. A consolidation of 265 - 221 is forming within a strong bull market. The coin has several drivers: Trump, favorable background of his policies, talks about the fund, bullish BTC, which is already testing 105K and so on....
Technically, until the consolidation is over the movement will not continue. the trigger for continued growth could be the area of 250 - 265. The breakout and holding of the defense by the bulls above these zones could be good signals for further rally, as above 265 is empty and there is no resistance
Support levels: 222, 205
Resistance levels: 239.6, 245.3, 264.4
I do not exclude the fact that a false break of support may be formed, but the market is generally bullish. accordingly, the current situation can be viewed from several angles: buy on a pullback or buy after a break of resistance with the aim of further growth
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;)
Regards R. Linda!
BTC/USD In the ascending triangle . Ascending Triangle AnalysisHi every one
As you can see, this is an ascending triangle , this pattern can be a good thing and increase the price.
Remember that Trend is our friend and we have to hold his hand and go with him.
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
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Good luck.
Give me some energy !!!Bitcoin is currently on its way to completing the fifth wave of its upward trend, and this wave can continue up to over $100,000.
Previous Analysis
Give me some energy !!
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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!!
Be careful with Bitcoin,Time to buy again!!!In the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of BITCOIN can reach around $105K . AB=CD
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
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✅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!!
ETHEREUM → A coin is being prepared To The Moon ↑BINANCE:ETHUSDT is lagging behind the general market growth in the cryptocurrency world. The price is still squeezed between consolidation boundaries, but there are already positive signs. Bitcoin is close to 100K and altcoins are opening the season.
Ethereum is lagging behind in the race, this is clearly visible on D1-W1. It's not that the price can't reach ATH, the coin hasn't yet updated the 2024 high. Before the start of the altcoin season, the community was skeptical about the fundamental project due to the behavior of the development team, but the victory of trump, the change of the political team to a pro-cryptocurrency one could be the strongest driver for ETH in recent times.
After local distribution, the price is testing the triangle resistance, forming another accumulation. A retest of the upper boundary indicates the formation of a trigger, the breakout of which will activate the rally.
Resistance levels: 3442, 3568
Support levels: 3028, 2820
Technically, the coin shows us another trading range, the role of which is consolidation.
If the resistance cannot be broken from the third time, a correction before further growth is possible.
BUT! We need to be careful, as any BTC correction can trigger a bearish rally in the altcoin market. Bitcoin has almost reached 100K and for many this is a red zone for profit taking.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
Regards R. Linda!
AUDCHF: Time For Correctional Movement 🇦🇺🇨🇭
Looks like AUDUSD is going to start a bullish correctional movement
after a test of a wide daily horizontal demand zone.
My confirmation signal is a bullish breakout of a resistance line
of a symmetrical triangle on an hourly.
Goal - 0.5708
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EURAUD: Pullback From Resistance 🇪🇺 🇦🇺
EURAUD looks bearish after a test of a key daily resistance.
The price broke a support line of a rising wedge pattern and a neckline of a descending triangle on an hourly, confirming a local intraday bearish sentiment.
The pair may retrace to 1.632 level.
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BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K.
Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away.
Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole...
Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers
Resistance levels: 99K, 100K
Support levels: 94.7K, 91.25K, 89.2K
An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market.
Trigger 99K. If this zone is broken, bitcoin could go to 105K
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;)
Regards R. Linda!
EG INDUSTRIES - POTENTIAL BULLISH CONTINUATION PATTERN ?EG INDUSTRIES - CURRENT PRICE : RM2.03
In long term the stock is UPTREND as the share price is above 200-day EMA. For short and medium term, the stock is trading in sideways. However, based on chart pattern analysis, the stock is potential of making BULLISH ASCENDING TRIANGLE - Bullish Continuation Pattern .
Based on ICHIMOKU CLOUD, the share price is trading above CLOUD indicates a little bit bullish scenario. CHIKOU SPAN is in CLOUD and pending to breakout above cloud. If CHIKOU SPAN manage to break above CLOUD, it will add more bullish outlook for the stock and technically it is a buy signal.
At current moment, if the stock made a high above RM2.05, then technically it is a buy signal for me based on CHART PATTERN (Completion of ASCENDING TRIANGLE) and ICHIMOKU CLOUD (CHIKOU SPAN breakout CLOUD).
ENTRY PRICE : RM2.06 - RM2.10
TARGET PRICE : RM2.22 and RM2.37
SUPPORT : 50-day EMA