I Cannot Short This !!! situation+next targets.Hi.
BINANCE:BTCUSDT
BTC is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . The break out needed for increasing further has not happened but it should happen pretty soon.
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Acsendingtriangle
GOLD: Bullish- Ascending Triangle- Rebounce possible to 2149 $GOLD: Bullish- Ascending Triangle- Rebounce possible to 2149 $
Gold remains a safe haven despite the current fall!
the price still remains around 2000 dollars we could make a return to the highest level of Monday December 4, 2023 around $2,149
FOR WHAT?
because we have an "ascending triangle" which would take us up again to $2,149
In addition, the price has reached the Exponential Moving Average 50, and could rebound to break the polarity zone around 2,060
stay careful
USDJPY: Thoughts and AnalysisToday's focus: USDJPY
Pattern – Ascending Triangle Pattern
Support – 146.50 - 144.75
Resistance – 147.92
Thanks for checking out today's update. Today, we have run over USDJPY, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The USDSJPY continues to be locked up in a bullish continuation pattern. If we see a break above this pattern, we are interested in how buyers handle being back into a supply and resistance area. An area that stopped the last main rally. On top of that, the RSI is also showing lower highs as price has made higher highs. This could be a sign of divergence, but we will continue to watch if buyers can make a higher breakout.
If we see a break lower, we will look to 146.50 and 144.75 as potential support areas.
Heads up: BOJ policy rate and policy statement are due on Friday.
Have a great day and good trading.
AAPL breaking out of its symmetrical triangleYes, AAPL is a extremely large cap company, and yes it is near ATH. BUT the chart looks bullish! Yesterday, AAPL broke and held >$180. This still needs to be confirmed, but this $180 level breakthrough may be a breakout of the current symmetrical triangle it has found itself in. $180 is a KEY level to turn into support. On top of that, you have an ascending triangle AAPL is also currently in. This ascending triangle's support line was able to cart AAPL out of the even LARGER ascending wedge. Keep in mind, ascending wedges are typically (not always) bearish - this time it proved wrong. $182.19 is the next key level to break. A 3 day or weekly candle opening and closing above 182.19 would be extremely bullish leading into the new year. 4 trillion dollar market here we come? If 182/19 is reached and rejected I would consider puts under 178.50. If 182.19 is broken and held, I would consider long calls to see if January brings extra buying pressure. These are big IF's. Do your own DD. NFA.
$UPWKUpwork currently sitting in a huge ascending triangle on the daily w/ a double top.
The last month and a half for Upwork has been a struggle with price continuing down but with price currently at support it gets my attention.
Price closed up 5.84% on Friday with a huge engulfing which could confirm a rotation in trend.
We also can see the MACD curling w/ the RSI running towards 50.
Keep this on your watchlist for next week.
- Factor Four
ADA looks to be breaking outADA is running again, it's been a crazy couple of days. A couple weeks ago I pointed out this ascending triangle pattern, the measured move is aiming for 1.96 USD. Equally as important to me is that ADA has broken out of it's descending trendline resistance against BTC. I expect ADA will over take it's recent high vs. BTC in the coming weeks as well.
WATCH OUT BELOWWWWWWWif we get a retest of resistance and volume supported bounce off. look out we are going lower.
now bitcoin has been bucking the trend for months now
ascending wedge is bearish bias pattern. we run up a lot. even school children and talking about bitcoin's price. when the main stream catches on is when the smart money runs for the hills.
nothing here screams LONG to me, but its very hard to SHORT while still in a bull market
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US30 30270 + 0.71 % LONG IDEA * PRICE ACTION & BREAK OUT Hello everyone
Here's a look at the DOW JONES INDEX , hope you are having a good one.
Now the index rallied with the bulls and we saw a bit of correction as expected with an impulse move, the index ranged within an ascending triangle structure respecting the structure completing the 123 formation which could possibly mean that we may see some volatility return in the index.
There are 2 trigger points for this one so its important to watch and monitor price confirm and follow your entry rules should the structure hold will be targeting the Fib retracements 38.2 % and should we see significant moves with the bulls upon break out will be targeting Fib EXT'S
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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Ascending Triangle in Bitcoin - "Learn More Earn More" With USBitcoin is coiling for its next move.
The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area.
Keep an eye on $11,600 in the event of a pullback.
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Ascending Triangle in Bitcoin - "Learn More Earn More" With US
Ascending Triangle in Bitcoin - "Learn More Earn More" With USBitcoin is coiling for its next move.
The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area.
Keep an eye on $11,600 in the event of a pullback.
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$QUOT Forming 2 Months #Ascending #Traingle #ChartPatternNYSE:QUOT been consolidating for the last 2 months forming an ascending triangle chart pattern. Stock as tested the $8 level multiple times and been acting as strong resistance. The breakout from that resistance level will also coincide with the breakout of the 200 day moving average adding to the significance of that breakout. Chart pattern price target identified on the chart.
Keep it Simple!
ARD Forming 3 and Half months #Ascending #Triangle #ChartPatternNYSE:ARD has been consolidating for 3+months carving out an Ascending Triangle chart pattern. Clearing the horizontal resistance triangle and closing above it on a daily bases will also clear the 200 day moving average that has been acting as resistance adding to the validity of the chart pattern breakout. volume pattern also support higher prices.
EURGBP 0.90822 + 0.33% UPDATE IDEA * STRUCTURE ANALYSISGood Day Everyone
Upon canceling pending oders and buy oders the ascending channel structure hold and we saw a bullish rally to the upside we currently correcting this move inside a ascending channel structure which could be signalling continuation to the upside looking for a rejection at the base of the ascending channel and a push to the upside to confirm the trade lets see how it goes....
Good luck and happy trading everyone
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RISK-MANAGEMENT
PERIOD - SWING TRADE
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BTCUSD Long|Dynamic Support|Local Resistance|Apex|Low volume Evening Traders,
Today’s trade analysis – BTCUSD traveling into its apex, a long trade is valid upon breaking local resistance.
Points to consider,
- Macro trend bearish
- Dynamic support respected
- Local resistance converging
- RSI respecting trend (overlying resistance)
- Volume below average
- Valid long with defined risk
BTCUSD’s macro trend is bearish with consecutive lower highs; this gives us a bearish bias on the overall market.
This long trend is based solely on interim level and price action.
The dynamic support has been respected enough to solidify its significance, price breaking below will negate the trade.
Local resistance is converging with the dynamic support; this places the market in an apex where a break will be imminent.
The RSI is respecting its trend line with overlying resistance, a break will coincide with price action.
The volume is trading below average; this is an indication of an influx as price is at key interim levels.
Overall, in my opinion, a long is ONLY valid if price breaks above resistance, price action must show strength. The formation resembles the psychology of a probable ascending triangle which only validates breaking its resistance.
A break below the key dynamic support will negate the trade set up with the immediate target then being daily support.
What are your thoughts?
Thank you for following my work!
And remember,
“Take your profits or someone else will take them for you.” – J.J. Evans