GBPCHF - DESCENDING [D] BREAKOUT or?
Good Evening People...
And, The Finale of the analysis for today - Working Hard!
[Moving on to TradingView , I have had to set all the charts up again - But, its something that refreshes the mind for me - Positivity!]
This evening I have been looking at the GBPCHF
With this and as always - I began with a Top-Down Analysis
Lets cut to the raw stuff...
On the Monthly - We have a Bearish Trendline and also being respected on the Weekly
The last visit to this diagonal resistance was back in 2016
Throughout this time - The market has dropped slightly and proceeded to range
Moving on to the Weekly - I have the aforementioned Range marked out
Now, last week - We did have a relatively small Pin-Bar present itself
[Don't get scared - I am thinking this may just return to the 1.235 zone - This being a 61FIB too]
And, bounce :l
Now the interesting and trade-able stuff...
The Daily Timeframe
On the Daily, I have identified a Descending Channel
The market is working it's way up to the Resistance of the channel and coincidently, it will meet Horizontal Resistance [ But, not before that H4 Pin-Bar has been honoured, right?]
And...
Whilst on the topic of the H4 - I would like to mention the Ascending Channel I have marked out on this timeframe
The market is currently testing the Support of this channel
If we look back at the Descending Channel Resistance on the Daily - We can see an abundance of Confluence
The meeting of the H4 Ascending Channel Support , Resistance of the Daily Descending Channel and Horizontal Resistance [ Beautiful, right? ]
At this 1.2599 Confluence I am looking for a Breakout with a Daily Close before any long positions can be considered
Alternatively, any type of Bearish Price Action CS would have to be considered as Shorts
Thats it for today people - Good Night & Sleep Well
Thanks for tuning in - Peace Out!
Ascending
UPDATE 3.0 - GBPCHF - CONT or BREAK-OUT
UPDATE 3.0
GBPCHF
Hope everyone has a good weekend...
Today, I will be kicking off with a revisit to the GBPCHF
As you guys may be aware - I have previously provided Technical Analysis for this currency and have been watching for the best part of the last 3 weeks
You can find the previous analysis at both the links below…
...
So, within the previous analysis - I discussed how the market was progressing upwards
Furthermore, the Descending Channel that I originally marked out on the Daily TF is still intact
And, with Price still pushing up to the Resistance
Additionally and on the H4 - I marked out and Ascending Channel with a Break-Out to the downside
And, over the trading week - The market continued to be bullish and retest the support of this channel.
Although, after testing this support - Price did fall slightly and pushed up again for a further test.
For me personally it was not at the confluence I was looking for to short the market
Following this, a further Ascending channel was identified
This providing similar confluence at the previously identified level of 1.252
So and again people - We are looking for the reaction at the 1.252 level of confluence.
Currently, I am on the side of sells - but, who knows, right?
Any for of Price Action in. for the a CS would be sells
Alternatively, a close above the 1.252 resistance zone I would consider Buys
As always - thanks for tuning in people
Keep it real!
MSFT breaking to the downsideBig breakout candle on MSFT,
Just closed below the trendline on the ascending triangle.
Opening already below yesterday's low.
Might wait to see if it pushes higher at open and look for an opportunity to short it.
Also has a gap that can be filled
Entry: 315.90
Targets: 312.40 / 305.80
**Disclaimer: This is just a trading idea, not a financial advice**
BNBUSDT ANALYSISBINANCE:BNBUSDT
Hello
Analysis of BINANCE COIN movement trend in daily time interval.
In this study, I came across an ascending triangle pattern.
Adaptation seems to be completing.
The Fibonacci channel also shows movement in a logical direction.
We are currently targeting 929.
Thank you for your comment.
Ascending Triangle - 30 Minute ChartAnalysis
Clear Ascending Triangle in the making on the 30m Chart .
RSI mostly overbought but with yesterday's rally, RSI isn't something to completely rely on.
EMA20 just crossed on the 30m Chart, meaning that it can bounce back up from here, or make a reversal down to an abyss.
Personal Thoughts
EMA20 doesn't lie, meaning that BTC has to make a decision of another $1000 bull run or dive back down.
I believe it will make a $1000 run.
RSI seems to be overbought on many charts, but Weekly Chart is still oversold for many days to come, so the pressure is still here for another $1000 bull run.
Ascending Triangle is getting thin, and BTC normally doesn't get to the thinnest point.
In the next 30 to 90 minutes we have the see that Ascending Triangle break.
BTCUSD Mega Ascending Triangle #BTCProbably nothing, but Bitcoin could be forming a Mega Ascending Triangle thats been in development for the last 9 Months.
If this Pattern breaks to the Upside after almost a year long consolidation, $100k BTC will be the "worst case".
Bullish divs on 1D MACD Hist., Stoch and RSI. at .886 fib retrace.
Ascending triangle pattern on IOSTHello everyone,
we can see that IOST have ascending triangle pattern right now, so it could be a good opportunity for shorting. You can try to short only if price crossing down pattern red support line. Make shore that BTC also going down. This is day trading strategy, not for the long term.
MATIC in uptrend what happened next ? here for MATIC we have ascending direction
and
the price pushes up and comes done between our first and second trend lines
if the price pushes up and reached to 2.5 we have to possibility
first
correction to 2$ and then more range here
second
breaking resistance and +25% more gain
This is not financial advice, always do your own research.
If you have any questions fell free to ask, you can write it in comments below and I will answer.
BANDUSDT Might have a 50% rally, Ascending Triangle FormationBand is showing an ascending triangle formation on a daily chart and hence the confirmation I take of this being the workable pattern is hitting of price of 9.8-10, at which Ill sell the made making roughly 20% and then it should fall, if it did then we can say the pattern is actually there, if not and price just went down right from here then ill have my stop loss at 6.9 roughly 10% (lol ill sell at 8ish max). So yeah, that's it.
Note: This is not financial Advice just my own trading opinion and personal trade info, DYOR before investing/trading any crypto or coin, I do not take any responsibility of the loss assumed by you in any trade you took based on my analysis. Please do share your analysis as overall it helps the community and encourages participation, thanks for reading whole note, Please feel very free to type in your analysis or point, will be happy to read and reply as sharing information is sharing wealth. Good Luck!!!
Ethereum Ascending Triangle ? (Newbie Analysis)Hello TradingView ! This is my first analysis and I decided to do it for ETH. From my newbie perspective, a begginer trader, a becoming connoisseur; I'm seing an ascending triangle. If the price breaks the triangle we should go back to the support zone ~$3200. If not, then we might see a 3 mountain pattern and then a selloff or why not, a new ATH. Everybody talks about ethereum/bitcoin that it will reach a new ATH. How about vice-versa ? Is it easier to be a bear or a bull in this market ?
Hei, any opinion will be appreciated.
Hex Daily Ascending Triangle BreakoutHex is in a daily ascending triangle. Momentum is rising and indications look healthy (huge potential for this breakout).
EDR super strongDespite of market weakness, EDR has been in a nice uptrend,
Above 29.10 could set up for another leg to the upside
price action patterns you need to know ( part 1 ) Hi friends
i'll share with you some price action
patterns you should know .
I don't like posting a picture with 100 patterns .
I would like to post this in steps so that you can understand more and make things clear .
1- ascending triangle generally happens in an uptrend and is a bullish pattern , you can set your order after the breakout of the horizontal line with a good volume candle .
- descending Triangle Pattern is the exact opposite of the ascending triangle pattern. It is a bearish continuation pattern indicating that the prior downtrend will continue and you set your order after the brakout of horizontal line with a good volume candle .
please support me with like and follow me for more ideas and tell me what do you think about that