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Trianglepattren

More Swinging to Come for EtheriumThere's an upside for the story: there's an upside for Ethereum on the short term. The downside is that the medium future is rather bleak. Etherium's curve seems to be going through a classical shedding phase since a while. From a geometrical perspective, it is hard to imagine a reversal soon; on the contrary, an avalanche similar to what happened with Bitcoin a few months ago is about to come, especially due to the correlation with the macro economy which will continue to struggle for a while. Trend curve projections show that next week is a prominent challenge to the current surge. I expect ETH to struggle a bit but then move up for a while until it reaches the upper consolidation area about 2500, the upper bound of the forming triangle. That's when everyone would start thinking that Crypto is back and dream about the 100 million in their banks next year. Institutional traders and whales, meanwhile, will have made their millions already and will initiate selling, knowing that the current economy and the physics of the market can't support higher levels. An avalanche would ensue until it hits a bottom around 1300, touching the lower trend somewhere in August, perhaps, after breaking away from the lower bound of the triangle. The theory is also supported by the volume profile which confirms the levels of the Gann charts.
KRAKEN:ETHUSD
by MontyMacht
2
DYDX- A new all time low??!Hi everyone As we have seen a failure from MTR pattern,the bearish market was clear.Now we got ourselves a triangle and we have to see how does the price react. The reactions mostly happens near the support and resistance levels, so we got support levels of 1.625$ and the bottom of the triangle,and for resistance we got 1.8$ and after that we got the top of the triangle. Hope this analysis helps you in a way. I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
Long
by HubAlgo
TARGET PROJECTION FOR GMTUSDT IN THE DIARYPrice formed a double bottom pattern, in a downtrend, also characterizing a descending triangle and, in my view, if it breaks ~up, the price can seek this price projection. Obviously it may take a few days, even because the chart is in the diary. But I believe you can look for that price region. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
2
REEFUSDT is creating a triangleThe price is creating an ascending channel below the daily resistance of 0.005$. As you can see the daily area is very strong for the market, and the price got several rejections from that area. How to approach it? IF the price is going to have a breakout from that area, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
RLong
by InkyGrip
5
USDT DOMINANCE BREAKDOWN! BULLISH RALLY AHEAD IN THE MARKET!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT.D looks bearish here. As you know USDT Dominance is inversely proportional to the BTC and Alts. When USDT.D dumps the whole market (BTC and Alts) starts pumping. According to the 4hr chart, USDT Dominance breaks down the triangle and now all we need is a successful retest. After the retest, we can expect more drop-in USDT Dominance. When USDT Dominance retests we have a perfect chance to take lower entries in Altcoins. I'm waiting for a retest to long some Alts. What do you think about this? Do You think we get a retest from here or do you believe that this will be a takedown? Share your thoughts in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.DShort
by CoreCrypto1
2
RACE to triangle support RACE has been on the decline since nov 2021 and bounced off the 181 support twice forming a declining triangle. Taking a short term bullish trade from the last bounce and watching the price action for any weakening to get out. Currently holding this trade as MACD and RSI are going bullish - planning to exit when the RSI becomes overbought. 27/5 Planning to move my stop to reduce risk and watch the 4hr candles for the 27th and decide if i need to move the stop again or keep holding.
NYSE:RACELong
by Authar100
Pfizer:Pure Technical Play!Pfizer Short Term - We look to Sell at 53.30 (stop at 55.53) Price continues to trade within the triangle formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected although we prefer to sell into rallies close to the 53.56 level. Our profit targets will be 48.29 and 43.36 Resistance: 53.56 / 56.32 / 61.71 Support: 47.50 / 45.44 / 40.94 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:PFEShort
by VantageMarkets