BTC MINI TRIANGLEHello, this is my first analysis here.
According to me BTC is going to try lower levels again like 34000 band. And then its gonna raise with new positive news.
Please follow the triangle and like this idea!
Have a great day!
Trianglepattren
ETH Triangle Breakout or Still Consolidating?Ethereum's (ETH) price has been squeezing in a relatively tight range resembling a symmetrical triangle. From here, we have two trading scenarios: either the range becomes tighter as the price gets squeezed in between the upper triangle resistance and lower triangle support, or a breakout to the downside might be in the cards.
Playing the Breakout
The symmetrical triangle is a neutral chart pattern, but the downside breakout might carry more weight since the prevailing trend is bearish. A breakout of the upper sloping trendline can expose the 200-day moving average, which right now comes at around $1,832.
The 200-day MA is above the most recent swing low, which comes at $1,730. This might be a positive development for the bulls since the bears will first need to overcome two major support levels that come together into a single place.
Support and Resistance Levels: Key support and resistance levels to watch come at the $2,900 - $3,000 price zone, and the $2,200 - $2,280 price zone.
RSI Bearish Momentum Buildup
Another development that might get the bulls worried is the RSI bearish momentum buildup. The RSI indicator readings have been below the 50 level during the entire time ETH was trapped inside the symmetrical triangle pattern. An RSI reading below 50 usually indicates bearish momentum pressure.
HAVELLS INDIA | TRADE IDEA | 16/6/21All the reasons for the trade have been explained in video.
.....Happy trading.....
Vikas Prop- Weekly Chart- Trendline Broken & Demand ZoneVikas Prop- Weekly Chart- Trendline Broken & Demand Zone
CMP 2.8 Buy For Target 4-7-9-12+
SL 0
Hold Until Target Reach Or SL Hit
ADABTC is testing an important trendline 🦐ADABTC is testing an important trendline after the price created a triangle. IF the price will have a breakout downward and flip the current support (daily one) into new resistance, we can see a retest of the weekly support (red one).
According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BtcUsdt After 30,000 low
On 1D time frame we can see a descending triangle.
When we move to 4hr chart one more pattern " symmetric triangle " forming at the resistance of descending triangle (1D)
Moving at 15 min chart noticed a flag and pole condition the rsi was indicating OB.
I've entered at 37095 with sl or 36375 and target with 40,000 as round figure and 41900 (t2)
#Bitcoin Bull or bear breakout?We can see that it created a cup shape and will create a handle, so if it breaks out above 38,461$ and RSI (14) crosses over 50, we may look for a target of 46,358$ or higher. However, if it continues to decline and gives a breakout below 36106$, we may anticipate it to fall to a target of 33,123$ or below.
Levels
Level 1: 38,461$ – Breaks, then uptrend to 46,358$.
Level 2: If 38,461$ is sustained and breaks 36,106$ we can aim for 33,123$.
BTCUSD - Weekend Outlook - Elliott Wave AnalysisGuys Bitcoin has been in a very complex correction since the end of the recent May 19th decline. It has formed a sideways pennant / triangle consisting of ABCDE Legs of 3-5-3-5-3. I believe we have now come to the end of this correction since the Overthrow of the E Leg high at 39407.55 on June 3rd. Price has shown bearish impulsive price action on Friday to the other side of the triangle and is now correcting back into the triangle where I anticipate a small abc correction up to about 38000 where I will look for shorts to enter the market for a 3rd Leg decline.
Good luck and safe trading!
CAKE/USDT Complete AnalysisCAKE/USDT moving in Ascending Triangle.. Now it is at Strong Support, I'm waiting for breakout..
BTCUSDT triangle , 60 (Update)This is updated of previous idea, (linked below).
🙋 Please let me know what you think.
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🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Shi ba bab ba - incoming failing trianglePe around 27. Making a lower highs in a descending triangle. This should be considered a bad sign if it breaks below the 209 resistance - but my bet is that it will break to start an slow upward trend until some good news hit the market.
BTCUSDT triangle , 60Watch out! Ready for pump or dump!
🙋 Please let me know what you think.
🚀 If you would like to be kept updated, please follow us.
🚀 If you like the analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Triangle Pattern (Precise Lines)The triangle pattern is breaking out; about the pattern, I would say short, but at this time, it also may be long, be ready for both.
BTCUSD - Daily Outlook Over the last couple of weeks Bitcoin has be trading in a sideways range consisting of a triangle pattern. Using time projections, we will have completed about 75% of this triangle pattern between June 2nd and 3rd. At that time we should anticipate price reuniting with the 21 day average which has not been checked in with since the 13th of May. After June 3rd we should anticipate price start to complete the E leg of the Bearish Triangle before breaking out in either direction. Current Bias us sideways to up.
A TRIANGLE PATTERN SUGGESTING A BREAKOUT SOONWE CAN SEE A TRAINGLE PATTERN BEING FORMED SO BE READY TO TRADE
#BTC Ascending -Symmetrical -Descending Triangles.. Which one?It looks like BTC has formed a "Triangle Pattern".
Symmetrical Triangles are either Bullish or Bearish
An Ascending Triangle will break out into a long position on a break above resistance.
A Descending Triangle will enter into a short position on a break below the support line.
As we progress, we will see what theory plays out..
Comment what you think will happen
Picture Below with Triangles
prnt.sc
INFO EDGE (NAUKRI)One can think of purchasing Naukri at current levels and has to accumulate it till 4200 levels. As it price action is in triangle formation seen in the attachment image. Once breakout is confirm it can go back to previous highs in next 3 months time. So, one can initiate a buy with sl of 4050.
MATICUSDT is forming a triangle 🦐The price created a double top on the daily timeframe. Ant the moment the price is forming a triangle. Matic is under the lent thanks to Polygon and DeFi. IF the price will have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
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.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Upcoming BTC Long Entry Point1. If the triangle pattern continues like this, we will most likely see this happening.
2. The other secenario would be just consolidating here and eventually breaking through the 42k+ area.
So the entry at 32.161$ would be a great time to go for a long, in both scenarios. 🚀
Drastically (+3.5%) falling below my long entry is very unlikely.
Like if you agree 👍 Else I would be happy about constructive feedback; so let me know in the comments
BTCUSDT another triangleSell on pullback to triangle , if happen!
Stop loss and TP are specified on chart, you can use trailing stop point.
🙋 Please let me know what you think.
🚀 If you would like to be kept updated, please follow us.
🚀 If you like the analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
BTCUSDT break out triangleSell on pull back to triangle, if happen
always set reasonable stop loss .
Your trade, your risk, your responsibility
$CAMS - Strong Short term Breakout - Ascending triangle pattern
- Breakout with huge Volumes
- Shakeout may give a better Risk reward ratio
- Average price for entry can be 2430 with stoploss of 2335
