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ETHUSDT Symmetrical TriangleETHUSDT: Symmetrical Triangle At the moment, a symmetrical triangle pattern has formed on the chart. In total, there are 3 types of triangles: 1. Downward - starts from the support level and moves down with a gradual update of the lows. 2. Rising - starts from the resistance level and moves up with a gradual update of the highs. 3. Symmetric - the price fluctuates between local highs and lows with a gradually "fading" amplitude. Exits from a symmetrical triangle can be either up or down, depending on which level breaks first. If the price of an asset breaks through the resistance level, then this indicates that an uptrend is starting in the market. If the price of an asset breaks through the support level, then this indicates the beginning of a downtrend. It should also be noted that the symmetrical triangle can only be applied in certain market conditions, when the price of an asset is in a sideways trend and does not have a clear direction, as it is now. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
ADAUSDTADAUSDT Thoughts An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation). Here are some sample thoughts for those who want to enter a position on futures: ADA long Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line) 🔘Position addition: 0.4005 Shoulder: 5-10X 🟢Take-Profit: 0.4960 - 0.5552 🚫Stop: 0.3736 Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -... If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
2
AVAUSDAVAUSD Thoughts After a long fall, buyers were able to buy back the main supply of the coin and pull the price into a sideways trend. Over time, volatility began to fall, thereby finally making it clear that the Descending Triangle pattern is forming. At the moment, the price was able to adjust with the global resistance of the triangle. For altcoins, breaking through global trends often occurs on the second attempt, while for BTC on the first. AVA already had one attempt to break through, after which the price was rolled back with a long squeeze. After local accumulation, we again see an impulse, which, with a high degree of probability, will break through the resistance. ☑️ Global breakout targets are indicated on the chart by blue lines: $1.047 - $1.361 - $1.788 But remember that everything can change at any time, you need to be flexible and monitor the market. Happy trading. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
1
LINKUSDTLINKUSDT Thoughts The price has been moving in the accumulation zone for almost a year. The exit from such zones is very often given an upward impulse, so that a major player can reset his positions. Now the price has approached the local resistance zone inside the consolidation. If BTC continues its upward movement, then we will see both a breakout and the possibility of exiting upward from the consolidation. For ease local targets were marked on the chart. ☑️Targets: $11.12 - $13.08 - $14.45 However, we focus on the situation. Always look at the market globally and adjust to the general mood. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
1
WOOUSDTWOOUSDT Thoughts After a long downtrend, buyers were able to stop the price and began to form a consolidation area. As a result, the Inverted Head and Shoulders pattern formed. The situation is very similar to the symmetrical pattern on the BTC chart we talked about. In addition to spot positions, you can also consider futures. But before entering a position, it is worth remembering that it is much more dangerous than a spot. You need to be calm and clearly aware of your actions. Sample thoughts for those who wish to enter the futures: WOO long Entry: up to 0.2590 (look at the situation) 🔘Add position: 0.2312 Shoulder: 5-10X 🟢Take-profit: 0.3044 - 0.3338 - 0.3837 🚫Stop: 0.2114 Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -... If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
5
SandBox ($SAND) : Bullish Pattern development in long term?Hello everyone! If we look at $SAND in a medium-long term, we cannot rule out a big picture as shown on weekly chart. The big signal of Price Action will be the Neckline achievement (shown on chart as wave IV retest) of a large "Head & Shoulders". Working on daily time frame, I found some interesting resistance levels, useful for evaluating the strength of the trend, step by step. I came up with this idea thanks to our last trade on Sandbox, which developed a potential bullish impulse structure. (Click and Play on Chart below) If there are conditions, I will update this idea below. ...trade with care! 👍 Cheers! If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖
Long
by TheAnonymousBanker
6