Ascending Triangle
USDJPY: King Dollar back?!USDJPY
Intraday - We look to Buy at 127.62 (stop at 127.11)
Broken out of the triangle formation to the upside. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Daily signals for sentiment are at overbought extremes. Neckline support is 127.60. Dip buying offers good risk/reward.
Our profit targets will be 128.85 and 129.00
Resistance: 128.85 / 131.30 / 135.00
Support: 127.60 / 126.60 / 124.10
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VET can Increase Pretty Soon!VET is in an Ascending Triangle which is a Good Bullish Sign and Means The Price is gonna Increase Pretty Soon! No Break out Has Happened and We Shall Be Aware of the fact that When the Break out Happens the price will Increase as much as the Measured Price (AB=CD) . Well When The Expected Movement Happens, the Price will reach around 0.037$!
-VET is in an Ascending Triangle
-No Break out yet
-Price is gonna Increase as much as the Measured Price Movement (AB=CD)
-Target is around 0.037$
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Thank you for seeing idea .
Have a nice day and Good luck
TRX on the way to 0.12$TRON is in an ascending Triangle which is a Pretty Good and Obvious Bullish Sign! The Price will Be Starting To Pump Heavily once The Break out Happens! The Expected Price for Break out is around 0.088$ and It would Reach 0.12$ (The Price will Increase as much as the Measured Price Movement AB=CD)
-TRX is in an Ascending Triangle
-No Break out yet
-Break out will Happen 0.088$
-Price will reach 0.12$
-(AB=CD)
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Thank you for seeing idea .
Have a nice day and Good luck
FTMUSDT is testing the supportThe price is creating an ascending channel on the 4h timeframe after a bounce on 0.22 Monthly support.
The price got a rejection from the daily trendline (dynamic resistance).
How to approach it?
IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
BTC LONG POSITION 15' CHARTIn this 15' chart we are looking at the possibility of a long position due to the ascending triangle pattern that has been created. Only thing to take in mind is the volume factor that might change the rule of the game but we are just making assumptions and creating possible chart strategy in case of breakout of the resistance line.
WOO/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this WOO/USDT TRADE setup. WOO looks bullish here.
WOO is breaking out from the ascending triangle pattern. Expecting a 40-50% bullish move from here. Buy some now and add more in the dip.
Entry range:- $0.215-$0.22
Target1:- $0.242
Target2:- $0.264
Target3:- $0.288
Target4:- $0.314
SL:- $0.202
Use low leverage 4x-6x
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Also, share your views in the comment section.
Thank You!
MTL/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this MTL/USDT TRADE setup. MTL looks bullish here.
MTL is breaking out from the ascending triangle pattern. Expecting a 50-60% bullish move from here. Buy some now and add more in the dip.
Entry range:- $1.48-$1.52
Target1:- $1.72
Target2:- $1.94
Target3:- $2.16
Target4:- $2.38
SL:- $1.40
Use low leverage 4x-6x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Btc wants to revisit 26k levelBtc just printed an ascending triangle pattern in 4 time frame witch is a bullish pattern. The small problem is the point that i broke the lower trend line and is currently retesting it.
According to my strategy this is a strong bearish sign and it might be a good idea to enter a short trade now at the level 30k-30.5k but this is a little bit risky level to entry.
The safest entry is in the confirmation when if the possibility arrives the price crosses down the pullback level.
I will enter a trade now 30000-30500 with stop loss at 30960 and take profits 28600, 27000 and 26000. At 29200 i will set the stop to entry.
If you enter the trade and it goes well i recommend you to use the new Binance futures feature called trailing stop and set the activation price at 26000 with reduce only using a callback rate of 3% to catch all the possible downward move.
Only pure technical analysis and my opinion not a financial advice, do always your own research and never risk more than 1% of your account in a single trade.
Regards and happy trading.
Ethereum ETHUSDT - Elliott Wave on the weekly! + ABC completed- This is the weekly chart for ETH - analysis since the big covid crash in 2020.
- Wave 1 and wave 3 created ascending channels during their move, so we should count it as waves 1 and 3.
- It means that we should expect a last 5th big wave to the upside!
- 0.618 FIB extension (wave 3 -> wave 4) is around 21 000 USDT.
- ABC correction can be completed (wave 4) and we are ready for a next pump!
- If we take a look at the MACD indicator, we can spot a huge bullish divergence.
- Currently the market structure looks like a bullish rectangle (red one), which is a very bullish continuation pattern.
Trade Setup In Binance Coin / Usdt"Trade Setup in Binance Coin / Usdt"
Ascending Triangle type pattern in Binance Coin / Usdt on 1hr Timeframe.
1.Buy Setup:- Entry-Strong Candle Breakout Above 314 level.
Stoploss- Below 290.
Targets- 330, 360, 380.
(For Risk Averse)Sell Setup:- Entry- Strong Candle Breakout Below 290.
Stoploss- Above 310.
Targets- 270, 240, 210.
(For Risk Taker))Sell Setup:- Entry- Strong Candle Breakout Below 297.
Stoploss- Above 310.
Targets- 270, 240, 210.
(Pattern Formation Date- 12 May 2022 to 17 May 2022.)
*Do your own research and Consult your financial adviser before taking trades.
USDCAD SELL!USDCAD has been trading within the confines of a triangle pattern since Jun last year and it looks like the pair is not yet ready to break to either sides!
At this point , i expect the pair to test the Resistance zone of 1.29000 and then move down all the way to 1.26800. Hence , my final Target for the pair is 1.26800 !!