Ascending
NPXS breaking out of the ascending channel a bullish move NPXS (PundiX) is currently breaking out of this ascending channel which is a bullish move. News is coming out of a possible coin burn or reduction in circulating supply from 258 billion to 250 million. You can find this on their Twitter feed.
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ARKK following similar tests along the way to new highs ARKK is following similar price action in forming tests of support for new highs.
This current pull back is slightly expedited and showing an increase in volatility than trends in the past. (I believe this has been due to the uncertainty we saw leading up to unemployment rate releases and uncertainty in the overall market).
Considering this, I wouldn't see it completely out of the question to see price pull back below the .618 extension and test the perceived .382 line as support.
From there I see ARKK making new highs with a price target above $166 (1.0 extension) after claiming the perceived .618 ascending extension line as support.
Stop loss can be adjusted up to just below the most previous ascending line found as support.
**Not financial advice, these are just my opinions
XLM Possible Triangle Breakout
Looking for breakout confirmation from triangle. Trading is tightening. Possible upside breakout as long as it follows trend and stays above red line. Possible +27% upside.
Breakout confirmation will be candle close above 0.575 outside of purple.
Fibonacci Retracement / Support at: 0.5487, 0.5407
Set SL below red line to manage risk. COINBASE:XLMUSD
GBP/CHF upward movement explainedHi every one
BRITISH POUND / SWISS FRANC
the GBP/CHF has been in a broadening wedge for a time and now the price is in a ascending rectangle but if you pay attention you see that the pattern has broken upward this means that the price will start to increase soon and It is expected that the price reach at least the top of the broadening wedge pattern!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
COTI/USDT looks to be respecting the pattern ascending trianglehi all as can see ive made this chart and feel it could be very bullish once we reach the bottom of pattern, or could bounce of 200ma around that area , something to watch , if im right then expect big gains, thanks for checking this out
Citrix - ascending triangle breakout - NASDAQ:CTXS
- Ascending triangle
- RSI sloping up, might approach overbought territory
- MACD (above 0) sloping up
- Entry price $ 133.01
- Target $ 145.00
- Stop loss $ 127.00
ETH-USD: ASCENDING TRIANGLE FORMING ON 1HETH is currently forming an ascending triangle .
Ascending triangles at the top and as continuation have a low failing rate and tend to break to the upside.
Traders should wait for the break of the horizontal line to enter a long position.
Measured move is at about 1314 usd.
Chart pattern invalid if breaks to the downside.
Trade safe.
EthereumHello all, I am very new in the whole trading world and started recently with the whole Technical Analysis side. And man there are soo many information available I just can't keep up haha!
Here I think an Ascending Triangle can be seen. The flat resistance is hit multiple times and the more times this resistance line is tested it will eventually fail to hold that resistance level. Second is the rising support trendline. Here you can see the connection of the succesfull higher lows inside the triangle formation.
I have also made a prediction for the target price for because of the bullish trendline position.
What do you guys think of my TA? There are many rooms for my improvements and I would like to know what these are =)
Thanks in advance!
EURGBP testing a daily support 🦐EURGBP after touching the 0.92300 level starts a bearish leg.
The price has now broke the ascending trendline and is testing the daily support at 0.90100.
IF the price will break and close below at the retest of the structure we can set a nice short order according to Plancton's strategy.
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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.
Leave a comment that is helpful or encouraging. Let's master the markets together.