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Ascending Triangle

TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon! On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns. If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see. As per my Elliott wave analysis, the massive impulse wave to the downside should be completed and because of that, I expect an ABC retracement. Main Profit target is 0.618 FIB + end of the wave 4 (High liquidity area). We can also get stopped by the descending blue trend line, but i think it will break up! Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
15
$GPC looking to break out of its base! Notes: * Very strong up trend on all time frames * Great earnings in the recent quarters * Coming up on the right side of its ~7 month base with higher than average volume * Creating an ascending triangle pattern (bullish) * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector: 1.23 Relative Strength vs. SP500: 1.34 U/D Ratio: 1.34 Base Depth: 21.15% Distance from breakout buy point: -3.31% Volume 14.28% above its 15 day avg. Trade Idea: * You can enter now as the price is just above its 50 day line and the price printed a pocket pivot * If you're looking for a better entry you can look for one around the ~135.50 area * This stock usually has local tops when the price closes around 9.65% above its 50 EMA * Consider selling into strength if the price closes 9.45% to 9.85% (or higher) above the 50 EMA... * The last closing price is 2.6% away from its 50 EMA
NYSE:GPCLong
by HaseebKhan_90
AAVE - Falling wedge is breaking out! + Complete Elliott Wave AAVE is ready for a new bull market! On the macro scale, we can see a falling wedge pattern that is currently breaking out. As per my Elliott wave technical analysis, the ABC correction has been completed and because of that we can expect a new Impulse wave. Good news is that the price has been supported by 0.786 FIB + yellow trendline. We didn't make a new low on the macro scale, so there is a great chance for a new bull market! If we take a look at the RSI indicator - we can spot a bullish divergence, always nice to see in the end of the downtrend. Next target is ofcourse previous all time high from 2021. I see a lot of altcoins probably bottomed out, so next weeks / months can be finally bullish. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
9
FORTH - Ready for a breakout! Channel + Elliott wave On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout! Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important! This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity area). Due to my Elliott wave analysis - Impulse Elliott wave has been completed successfully and we can expect at least a retracement. 200 daily moving average is considered as a massive level by huge instituions and hedge funds. We have a high bullish volume and I don't see any bearish pressure on the indicator. If we take a look at the RSI indicator, there is a horizontal level, so if we break this level, that would be great! Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
12
DR REDDY LABS , has crossed it's ASCENDING TRIANGLE pattern hey guys , DR REDDY LAB , stock was moving in a downtrend from a long time, but now , this stock was moving in a fixed pattern called ASCENDING TRIANGLE PATTERN at present , this stock has crossed it's RESISTANCE and taken SUPPORT as you can see that , on previous day , this stock has made a long GREEN CANDLE and today , this stock has made a candle called DOJI which has taken SUPPORT on its RESISTANCE THERFORE , in my opinion you can buy this stock and get high returns , I HAVE MARKET THE TARGET AND SL TO MAKE IT EASY FOR Y'ALL BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS 1, INFLATION 2. WAR 3. RISING BANK RATES 4. RISING DUTIES OF CRUDE OIL EXPORT AFTER CONSIDERING THIS SITUATION YOU CAN BET ON THIS STOCK DR REDDY LABS 😀😀
NSE:DRREDDYLong
by TRADERS_AREA
BTC Ascending triangle or a bear flag breakout?I'm looking at BTC chart in multi- timeframe. BTC broke symmetrical triangle, formed an ascending triangle but rejected at the resistance level 22.5-22.8K. Today BTC retested symmetrical triangle trendline and can bounce, or it can touch the lower slope of ascending triangle before major bounce. There is a warning sign as well. BTC has formed a gigantic bear flag with the target 11K. If it breaks down the blue parallel channel or Ascending triangle , A bear flag mode will be activated and more likely it will dump to cause a final capitulation. I give 75% probability to a scenario A and 25% -B based on my previous published analysis. You can also check them to understand why I'm more bullish than bearish.
Long
by ergal91
Ethereum double bottom & Ascending triangle breakout? I'm looking at Ethereum chart in multi- timeframe. Using trend based fib extension, I showed you that 100 % projection of A wave / from November top/ATH/ to January low has been completed. In daily timeframe there is a nice Adam & Eva double bottom pattern with ascending triangle/. Such kind of pattern there are on total market cap and BTC charts as well. At 4h timeframe there is ascending triangle too. Its resistance has been tested 4 times. To get confirmation of the breakout we need BTC 4h and daily candle close above the resistance. I expect it in coming days. All targets are pointed on the charts. You can also check my previous analysis about BTC, Total market cap, DXY, USDT dominance and understand why I'm bullish.
Long
by ergal91
Total Market cap double bottom & ascending triangle/bounce time?I'm looking at Total market cap in daily and 4h timeframe. There is a nice Adam & Eva double bottom pattern, which can be broken very soon/ in coming days/ At the same time there is ascending triangle on 4h timeframe. The resistance has been tested 4 times)) As you know as many times price hits the resistance , it becomes weaker and more likely will be broken. Double bottom and ascending triangle targets, which are the same I pointed on the chart. For confirmation we need 4h and daily candle close above the resistance / You can look at my previous BTC analysis from bullish perspective.
CRYPTOCAP:TOTALLong
by ergal91
Trust Wallet TWTUSDT - The most bullish altcoin + Triangle!- TWT is currently one of the most bullish altcoin on the market as you can see on the weekly chart. - We have an ascending triangle - very bullish pattern and you can buy now or buy a breakout above the neckline. - The platform was acquired by Binance in July 2018. - The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance. - Profit target is around 10 USD (1.618 FIB extension from Wave (1) -> (2)). - If we check the volume indicator, we can see there is absolutely no bearish pressure, which is good to see! - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
BTC will history repeat in 2022? Breakout soon?I'm comparing the breakout of 2018 BTC bear market bottom with potential 2022 breakout)) I noticed there is the same ascending triangle pattern which had been rejected 4 times before massive breakout. As I mentioned in my previous analysis I'm bullish on BTC and more likely it will break and pump min to 24-25K, even 28K/my targets mentioned in previous analysis based on my TA. So look at them and pay attention to my other bullish ideas and thoughts)) .
BITSTAMP:BTCUSDLong
by ergal91
Ethereum ETHUSDT - Complete Elliott Wave + Rising wedge (weekly)- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave. - The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level. - 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro scale. - If we take a look at the RSI indicator - it is on the level of "strong buy" by historical data. - The RSI indicator is showing a nice trendline, which we can watch and potentially buy a breakout with confluence with other indicators. - Also the RSI helps us to identify first and third impulse wave by looking at the divergences. - As per my Elliott Wave analysis - Ethereum is deeply missing a 5th impulse wave, so i think the bull market is imminent. - Next impulse wave target is 10 000 - 20 000 USD per ETH. - Look at my idea about Bitcoin (complete Elliott wave) and TOTAL crypto cap in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
7
SiaCoin SCUSDT - Breaking out! Falling wedge + Triangle- On the daily chart we can spot a falling wedge - bullish reversal pattern that is currently breaking out! - Also we can see a local ascending triangle, also a reversal pattern. - As per my Elliott Wave analysis, this impulse wave should be completed successfully. - Now I am expecting a retracement to 0.618 FIB + previous swing low from February. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
9
SPX ascending triangle & C&H breakoutI'm looking at 4h timeframe. If S&P succeeds in breaking out parallel channel, the neckline of Cup and Handle pattern and at the same time ascending triangle upper band/resistance/ more likely it will hit 4180-4200$ target as mentioned on the chart. Before reaching the mentioned target. I expect a small rejection at 1.61 fib level and retest of C & H neckline. This move/pump/ will be very bullish for BTC as they are highly correlated and it will give room to it. And simultaneously BTC will break the ascending triangle formed by a nice double bottom/Adam & EVA pattern/ with the target 24-25K published on my previous analysis. I even expect it to test the main trendline and horizontal resistance at 28-30K .
TVC:SPXLong
by ergal91
6