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Trianglebreak

XRPUSDT: triangle pattern broke to the upside, LONG OPPORTUNITY?XRP price today is $0.718515 USD , down 3.32% in the last 24 hours, with a 24-hour trading volume of $2,449,258,622 USD. On daily chart we can see how the descending triangle pattern started forming in May just broke to the upside testing the first resistance level at $0.78, where it got rejected. Now a pullback retesting the previous support at ~$0.66 is expected, and this can be a good entry opportunity for long trading. Following the triangle pattern , the aimed target should be $ 1.17, but personally I don't believe it would reach it in the short term, therefore I would set many "taking profits" at the previous resistance levels . RSI on daily chart is decreasing and is now headed to test the previous resistance identified at 46.6 level This is the reason I believe price will suffer a pullback up to $ 0.66 level, before rising again, range which corresponds also the the EMA of Keltner channel (on daily chart ). If this will happen, this can be considered a confirmation for going long as historically, whenever price broken the upper level of the channel immediately a pushback happened to the EMA level before retesting the upper boundary. MACD still looks bullish on daily time frame and Keltner channel is becoming thinner and thinner, a sign that volatility is decreasing. This usually happens before a big move to the upside. TRADING POSITION: Long ENTRY PRICE: < 0.66 TARGETS: 0.77 / 0.84 / 0.87 / 0.95 / 1.01 / 1.08 TARGETED PROFITS ARE HIGHLIGHTED IN THE GRAPH STOP LOSS: $ 0.58 While on daily chart the price looks bullish , on 4h chart we can see how MACD is under the trendline, price therefore is under the EMA of the Keltner channel and is now decreasing headed to test the lower boundary of it, this corresponding to the spotted entry price. Therefore, 4h chart allows us to understand with more certainty that price will suffer a decrease before our long targets being reached. Moreover the lower boundary of the channel on 4h time frame corresponds to the EMA on daily time frame, a possible confirmation that price won't go under that level. Let's see if XRP will perform as expected. For more ideas like these, please follow us on our social medias as well!
Long
by vf_investment
EURTRY bearish scenario:In this pair, technical analysis shows a technical figure Triangle. The Triangle has broken through the support line on 17/08/2021. EURTRY forming a bearish formation on a daily chart. If the price holds below this level we will have a possible bearish price movement with a forecast for the next 42 days with a target of 9.5735. If you decide to enter this position, experts say your stop-loss order should be placed at 10.1869. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
AAPL WAITING FOR BREAKLINELooking for a final retracement down to complete the corrective wave 4. Dip buys in the $143-145 region targeting $150 and $155. We need to see breakline for confirmation. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:AAPL
by legacyFXofficial
Aurora Cannabis Bull Run 36 USDAfter a long 5 wave downward movement which ended on 29 October 2020, Aurora fought itself back with an ABC upward correction on 30 November, it followed an ascending pennant with approx. 15 USD wärend during a 5 wave upward movement its goal had. Wave 5 ended on 11 February 2021 and it followed a renewed 5 wave downward movement to 17 May 2021. This was followed by an ABC upward correction followed by a 5 wave downward movement which ended on 20 July. Since then Aurora is in a range and runs into the top of a triangle formation. If the price would break out upward from the triangle, a Bullische SKS would be at approx. 19.54 in the confirmation and would have as a goal 36.06 USD Short alternative on a downside breakout from the triangle, I would see 5.34 as the next support for further upside moves and thus set my target for a short position at 5.50. RSI Neutral 45.77 CCI 20 -8.93 Neutral MACD Crosses Bullish from the lines Vortex diverges Bullish EMAS 20 50 200 Currently active as resistance
NASDAQ:ACBLong
by Highrisk221
4
EURJPY multi time frame analysis shows it is necessary to shortOn my previous post on the 1 hour I showed a triangle which should've broke to the downside, once I see that happen I will enter a short position which i will manage on the daily time frame. Both of these posts demonstrate the need to short the market rather than go long. In summary I will use the hopeful break of the triangle on the 60 minute to confirm an entry into the trade on the Daily. Good luck! If you found these helpful please like this post as i will be able to see if you guys found my first couple posts useful, Thank you!
Short
by A4R0N1
XRPUSDT is trying to have a breakout from a descending triangle XRPUSDT is trying to have a breakout from a descending triangle. The price is between weekly structures. IF the price will have a breakout from the resistance and retest it as new support, we can add to our watchlist and wait for apply our rules, otherwise, if the price will lose the weekly support, we can look for a short position ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
by InkyGrip
10
CMCSA trying to break out!CMCSA has been forming an ascending triangle since March of 2021. With a Beta of over 1, the clear up trend on the weekly and even monthly makes sense. With a Payout of 36.80% CMCSA guarantees a lot of room for growth and further dividend increases as well. Technically: * Looking at the price action over multiple time frames it seems like CMCSA may be breaking out in the coming week. Trade Idea: There are a few things you can do to enter this trade. * You can enter now before the breakout. This would give you a nice return. * It may dip a bit before trying to break resistance again so you can look for buying opportunities around the $57 area. * Or ultimately you can wait for a clear break of this resistance before entering. ** The measured objective (target) for this pattern break out would be in the $65.78 area Regardless of what you choose CMCSA is a great long term hold and is positioning itself for a move higher.
NASDAQ:CMCSALong
by HaseebKhan_90