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Ascending Triangle

BTC STILL STRUGGLING TO BREAK THE RESISTANCE! $30K AFTER BREAK!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is doing fine as of now. It is forming an ascending triangle in 4hr time frame and currently trading inside it. BTC is at the resistance level and trying to break this resistance continuously. You know the more it tried, the weaker resistance become. Once we successfully break out of this ascending triangle and close above the red box then we are ready to go to the $28k-$30k level. Lower supports are $24.2k and $23.5k Invalidation level- If any 4hr candle close below $23.5k then this chart becomes invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
FTX FTT - Strong altcoin! Huge base + Elliott Wave FTT is a very reliable and strong altcoin that you can find on the crypto market, together with BNB. FTX exchange is growing really fast, and there is a lot of demand for the token. If you want reliable and stable gains, this is a great choice for the long term. We have a clear and very bullish structure (rectangle consolidation) and the bulls successfully defended the previous swing low. My Elliott wave analysis suggests that we have completed an ABC correction (ZigZag 5-3-5) and we are prepared for the next impulse wave from here! If we take a look at the volume indicator, we can see very low bearish pressure, so it's really good to see. Our profit target could be 0.618 FIB extension from Wave 1 -> Wave 2, but I think we can go higher. We need to wait for the price to develop. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
41
SWINGBY - ascending triangle developingIt looks like SWINGBY is printing ascending triangle on 1H chart. 63% technical target, if break upward, first significant resistance is former support at 0,00843 (14% profit from upper resistance level). I suggest taking some profit at that point and moving your SL to break even level... It could take some time to develop and pointless to say (to experienced traders), BTC looks ok so far but could ruin this... Good luck traders and smash that LIKE button, tnx :)
SLong
by PhilosophersStone
MDX - Prepare for a massive breakout! + Huge parallel channel MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the downtrend for a potential breakout trade. The first profit target is at the strong resistance - wave (4) + double TOP, but i think we can go even higher later. I think MDX is a great choice together with KP3R! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
MLong
by UnknownUnicorn2537518
47
Golem GLM - 2000% gains, hidden GEM! GLM has been consolidating since 2019 with sideways price action, and it looks like we can experience an explosive move in the immediate short term! On the weekly chart, we have an ascending triangle and a falling wedge. Both these patterns are generally bullish. The price is now above the 200 weekly moving average. This MA is considered a strong level by huge institutions and hedge funds. Golem is listed on all major exchanges, so pretty much everyone can buy it. This altcoin can explode at any time, and it usually happens very quickly! The altseason is in progress and you can check out my idea about BTC.D in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
64
Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT! Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much. We have a first wave as a leading diagonal and I presume this makes sense from the time perspective. The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks. The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
58
Simple Ascending TrianglesJust a look at some ascending triangles forming on the BTC chart over the last couple of weeks. It just touched on the bottom trend line again in the past 24 hours, so I'm looking for a bounce up from here to the upper line. If we break below, than the triangles fall apart. Also looking for volume to increase as the lines converge, for a break to the upside. Otherwise, low volume could see the price reverse. I will be keeping an eye out for these triangles to narrow over the next week or two before reaching a head. This is a borderline rising wedge shape, but seeing as it is relatively flat on the top line, and the rising price from the prior two weeks, this looks to be a continuation in my eyes. If the price does rise to the vertex, it should bring the price just above a big resistance level, and seeing as there isn't much resistance beyond that from ~$26k to ~$28k, breaking that could be more impetus for the price to break to the upside.
by D-Rock_Anomaly
FTM/USDT SCALP SETUP! READY FOR A 25% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this FTM/USDT trade setup. FTM looks good here. It is forming an ascending triangle in a 4hr time frame. A breakout and retest are already done and now it's ready to go to the upside. Buy some now and add more in dips. Entry range:- $0.36-$0.374 Target1:- $0.394 Target2:- $0.422 Target3:- $0.436 Target4:- $0.45 SL:- $0.34 Use low leverage (4x-6x) according to your risk. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
FLong
by CoreCrypto1
6
Basic Attention BAT - Huge breakout soon! + Head and Shoulders BAT successfully completed an ABC correction from the last impulse wave and is potentially prepared for another massive impulse wave to the upside! The chart is printing a local inverse head and shoulders, bullish reversal pattern, and we are really close to a breakout. This can be a good breakout trade above the head and shoulders + trendline (channel). The first profit target is below the all-time high, because I think we will need more time for a possible consolidation here, and then we can go much higher. The price is still below the key level of 0.444 USDT, so we still need a confirmation from the bulls. I recommend buying a breakout at a new swing high (0.4595 USDT). I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
Short term bullish reversal - JNPRLet's understand multi timeframe analysis for NYSE:JNPR . Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone). Weekly TF - Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence. Daily TF - Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence. 45 minutes TF - Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure. Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.
NYSE:JNPRLong
by PriceActionTrader1
ConfusingHi everyone, Yesterday I talked about how Bitcoin was forming a head and shoulders pattern and the possibility of going to the last major resistance level. I also gave a free signal as an idea for DOTUSDT(Make sure to follow if you missed it) Today, I wanted to analyze something different instead of analyzing Bitcoin, so we going to take a look on Ethereum and Vet together, since they are showing different type of price movements. As shown on the chart, Ethereum is showing an ascending triangle, which is bullish, as the resistance is weakening by being hit multiple times. Also, it has formed a double bottom inside the wedge which is for really bullish too. However, looking at an altcoin that has been very volatile these last few day, VETUSDT, we can see that it just broke a bearish rising wedge. This is one of the cases that when doing a multipair analysis, it becomes confusing since we are looking at 2 uncorrelated charts that shows 2 different bias. So what to do? I think it is better to just wait for an opportunity to enter the market at a more confirmed directional bias. In this case, I would most probably wait for a breakout on Eth's chart, and trade the retest. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
SOL ascending triangleSOL time to pay attention Ascending triangle 3D Clear upper boundary at 42 Bunch of wickbacks make the level clear and confirmed. This LONG idea has a chance if market in general is ready to move up. SHORT if SPY reverses and drags everything down with it. Of course if SPY does not push higher then Bitcoin will not be able to make significant progress either. Which also means SOL is not going to spring up at any significant rate. The move up could take SOL to 58-59 (40% move from breakout level) If market in general takes a dive we most likely get SOL to reach 20 area
FTX:SOLUSD
by Dtaurus
OG Fan Token! 2020 trendline is breaking out! Head and Shoulders OG looks very promising on the daily/weekly chart! As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern. We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of strength. The ABC correction has been completed and I think we can retest the previous all-time high or at least a previous swing high. If we take a look at the volume indicator, we can see a massive bullish spike, which is another great sign of strength. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
42
Binance BNB - Record! New ALL TIME HIGH no one is talking about! BNB just set a new all-time high after 14 months! I suggest you buy BNB coin or BNB leveraged token, because this is one of the most bullish altcoins at this moment. As per my Elliott Wave analysis, an ABCDE correction has been completed and we can continue in the uptrend! Also, we have a bullish rectangle consolidation (base) on the weekly chart, and the base has been destroyed by the bulls recently. I expect a 1:1 FIB or 0.786 extension for the next wave. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
50
$FTNT taking off from its launch pad!Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the pas ~9 months * Moving higher from its launch pad with higher than average volume and another quarter of better than expected earnings * It's also breaking out of an ascending triangle Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 5.72 Relative Strength vs. SP500: 54.15 U/D Ratio: 1.53 Base Depth: 51.61% Distance from breakout buy point: -15.43% Volume 24.53% above its 15 day avg. Trade Idea: * You can enter now as the price is moving higher from its launch pad with higher than average volume and on better than expected earnings * If you're looking for a better entry you may be able to get one around the 61.9 area * This stock usually has local tops when the price closes around 15.74% above its 50 EMA * Consider selling into strength if the price closes 15.54% to 15.94% (or higher) above its 50 EMA * The last closing price is 6.2% away from its 50 EMA
NASDAQ:FTNTLong
by HaseebKhan_90