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Ascending

EURCAD Ascending Triangle On the EURCAD chart we can see an ascending triangle. As shown I'm going in with a very early entry. At the moment we have a slightly oversold RSI (29) and a support that looks like it's doing its job for the fourth time. I will keep a stoploss slightly under the support but with still enough room for false breakouts. Hope this will workout like my last ascending triangle on NZDJPY on 12 february, this is the second time spotting this pattern so I do see this as extra educational. Thanks for reading and as always you're likes and feedback are welcome! Wesley
Long
by W4DL
BTC: Why this ascending triangle is bearish, not bullishI've seen many charts of people eagerly proclaiming that the bottom is in, because an ascending triangle is forming, and that is super bullish! Well sorry to be the bringer of bad news, but most of the time, and ascending triangle in a bearmarket is a bearish continuation pattern. And this here shows all the signs of such a pattern: 1. Volume is declining more and more 2. Strong impulse move from 6500 to 3100, and then long sidewayish ping/pong action 3. Volume not high enough yet to be bottom Here's an excellent video explaining this pattern: www.youtube.com Apart from that, why is BTC taking so long to decide? 1d and 3d bbands are still quite wide, need to narrow more. Also 1w bband is approaching fast. Most of the time, the ascending triangle in such a configuration breaks downwards between 50-75% of triangle completion. On bitmex, we're a bit over half of triangle completion, so it can still go on doing this boring ping-pong for weeks until it hits the upper resistance line. Also 3d and 1w stoch RSI are still massively overbought. This let's me think that the likelihood for a bearish continuation with a final low is at around 80%. But BTC could surprise us with a weird upwards break. This would need to happen with large volume. But the probability for that is maximum 20% imho.
BITMEX:BTCUSD.PShort
by SebastianofMoon
30
Short Position for CADCHFAfter the breakout from the Ascending Triangle Pattern, CADCHF starts showing a Bearish Continuation by Declined the Moving Average Exponential. After the Decline, I decided to entry Short Position ( Sell ) SELL @0.7520 STOP LOSS @0.7570 TAKE PROFIT @0.7455 This action was taken by Chart Pattern analysis and a combination of Standard Indicator, Moving Average Exponential ( 10 & 20 ). This is just my analysis, don't consider this as a suggest unless you suit with the risks. Good luck !! Cheers !!
Short
by Maserati_KS
1
ETH is preparing for a bigger move to $200+ On the daily chart, ETH have been forming a big ascending triangle closing in may. Inside this ascending triangle we have also created a small trend line (black) which could accelerated the breakout. The top trend line in the ascending triangle is resting at $162, and all price action below this is considered being inside the triangle for now, unless we break the bottom trend of the triangle marked in blue. Triangles is usually continuation patterns. A descending triangle in a bear-trend is a strong indication for us to break down. A symmetrical triangle/pennant is a little bit more neutral in a bear-trend, but it's also a continuation pattern so statistically speaking it should break down. However, ascending triangle is a bullish pattern which now is appearing in a bear-trend. These sentiments sort of neutralise each other, making it more likely we will break up. Trading between the trendiness can make some crazy good profits! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Ethereum trend and hopefully maximize your profits! If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
BITMEX:ETHUSD.PLong
by Pineapple1k
1
USDJPY Ascending Triangle USDJPY in the short term looks bearish, current price action is restricted to a descending triangle. Marked on the chart is the 50% and 61.8% Fibonacci retracement levels of the bear market which began on the 13th of December and continued until the 2nd of January. Currently looks like we should see a retest of the lower triangle line as we continue to trade within the descending channel in the short term. The retest should coincide with the 50% fib level where i'm expecting to see some support before moving higher and potentially breaking out of the triangle to test the 61.8% fib level.
by Trend_Analyst
BCHSV/USDT 33% Gain TRADING STRATEGIC Chart Analysis: 15M-1H-4H-1D I've watched how BINANCE:BCHSVBTC has been forming a continuation pattern, It could be interpreted either as symmetrical or ascending triangle, it also looks like StochRSI (15M and 1H Chart) is ready to move up for what I consider a 5th Elliott wave or C from a bigger correction. Trade Management: Trade entry: 92.00 Stop Loss: 90.00 Risk/Reward Ratio: 14.48 Target: I usually have several targets(they are posted in my previous posts), but for this time ill just post one I calls Neptune if you zoom out the chart you will be able to see it. Target: 120.00
BLong
by vfxvictor
10
BITCOIN Bulls Take a Break in The Sun, But Are Still in Control!Dear Friends! D4rkEnergY is sharp as a knife, and will provide you with all the info you need on Bitcoin as always. Every single chart and move have been spot on. D4rkEnergY was the only one telling you about a potential Christmas Rally 2 weeks ago. And guess what?? Here we are - SURPRISE SURPRISE! The King is back! Bitcoin-bulls have been fighting hard since Halloween, while the bears have been stunned. On fxxxx time! Bears have been scared, but D4rkEnergY understands, because 100 years of historical data also suggest, that the best months in all markets, also traditionals, are from October-May. Here are the 2 most likely scenarios: We will most likely fall through the ascending wedge now and down to 6,472 USD with huge support from 38.2% retracement and also from EMA50 and EMA100. Here after we will go up again, but the question is, if this move will restart a new minor cycle, or if we need to go down to 61,8 % retrace first and 6,387 USD, before we can continue our Christmas Rally. I think the last scenario is most likely. D4 will keep you updated! D4 Loves you <3 PS. Please leave a LIKE if you appreciate the content!
BITFINEX:BTCUSD
by D4rkEnergY
26