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Symmetrical

AUDUSD - Technical Analysis [Long Setup]🔹 AUDUSD Analysis on 1HR chart - The current Trend is BULLISH - there is no divergences - Symmetrical triangle is form 🔹 Trade Plan - Entry Level = 0.67295 - Stop Loss = 0.67058 - TP1 = 0.67546 - TP2 = 0.67791 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
2
XRP Symmetrical Triangle - Bull target $0.65, Bear target $0.42NOT FINANCIAL ADVICE TL;DR #XRP Symmetrical Triangle, bull target $0.65, bear target $0.42 BINANCE:XRPUSDT has been trading in a symmetrical triangle for over 1 month. Well respected support trendline, with 4 clear touches. Ascending triangle on the RSI, watch it because a break of the support or resistance trendlines there might be a leading signal of a subsequent price action breakout. 🟢 Bull case Should we break the resistance trendline, my target will be the previous key area at $0.65. Be careful at $0.57 because we had 2 previous fakeouts to that level. Also watch the 200-day VWMA at $0.59 because it could offer some resistance on the way up. 🔴 Bear case A break below the support trendline would most likely lead to a retest of $0.42, either for a triple bottom or further downside.
by AliferCrypto
FURY/USDT Potential Triangle - Case for +75%NOT FINANCIAL ADVICE TL;DR Potential triangle, case for a +75% move to the $0.75 area Recently launched coin and very early analysis, take it with a grain of salt 🧂 BITGET:FURYUSDT could be trading in a symmetrical triangle, with a fairly technical chart and relevant fib retracement levels. If the recent touch of the support trendline is a local bottom, we could see a climb to the $0.75 area (0.618 fib) for a retest of the resistance trendline, with a +75% move. RSI and CCI both recently went oversold, signaling a potential upwards move.
Long
by AliferCrypto
EUR VS. USD, Traders @ Equilibrium?? Lets Navigate!Here I have EUR/USD on the Daily Chart! This Spring of 2024 we can see Price of EUR/USD has kind of been "trapped" where you can see the Highs in March begin to follow a subtle Falling Resistance from the Local Resistance Zone, then CONFIRMED by the test of said trendline early April and NOW early May where we see Price has come to rest just below our Falling Resistance. Countering that is the Rising Support from the Local Support Zone where Price tested three times in April. Altogether, forming what looks to be a Symmetrical Triangle Pattern!! -Basically showing us that traders are unsure where price may go, creating a point of equilibrium to where we eventually see a BREAK either BULLISH -or- BEARISH! __ In the Event that the Symmetrical Triangle is BROKEN, I suspect we could see a potential 3%+ Price move in the direction of the BREAK given it is a TRUE BREAKOUT and not a FAKEOUT! **This prediction sees Price testing the JULY/OCT levels of 2023 depending on which way we see the scale tip in strength between EUR and USD, making these levels our 1st Areas of TP! Zones of Value: July 2023 High Resistance ( 1.12298 - 1.11404 ) Local Resistance ( 1.10426 - 1.09812 ) Oct. 2023 Low Support ( 1.05167 - 1.04503 ) Local Support ( 1.07238 - 1.06601 ) Now fundamentally, DXY started this month with HOTTER than expected ADP Non-Farm Employment Change numbers and remarkable Manufacturing Prices but ended the first week with EXTREMELY poor Non-Farm Employment Change and Services PMI then to end last week with disappointing Unemployment Claims and UoM Consumer Sentiment BUT What's left to come this week may give us a clearer map to help us navigate this pair!! USD- PPI (Tues), CPI & Retail Sales (Wed), Unemployment Claims (Thur) EUR- ECB Financial Stability Review (Thur) *More for EUR following week for news*
by Novi_Fibonacci
Can WIMI an IT penny stock hold above a dollar per share ?WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis is a symmetrical triangle pattern with a high normal retracement now at the apex of the triangle with quick compression on the 15 minute chart. Volume is now. Friday afternoon had a pullback likely to rake profit for the weaken. Money flow and relative strength are decent but settled down. So will this penny awke up next week and try to move toward its high of the week or will it fall lacking attention from distraction by technology stock earnings reports and a crypto-sruge. To be sure, this is not an earnings play. There was a highly significant news catalyst early in the week. This news is a possilbe game changer. Over the intermediate term, despite any analysts' forecasts this could do 10X by summer. As to next week, who knows but with an overshoot on the retracement and now below the the mean VWAP band anchored to the beginning of the week. I am voting for a reversion to the mean which just happens to be 1.00 ( a convenient "psychological level.). As to a trade setup, a will take a big lot of shares from a buy stop set for 1.01 with a stop loss of 0.97 and see if I get filled.No matter, this will be a swing trade for me. I will do adds at the low of the week each week for several. I understand the news catalyst and believe this penny IT will get a begin growth spurt in little time at all.
NASDAQ:WIMILong
by AwesomeAvani
BTC - Stuck Inside A Range, Again ❗️Hello TradingView Family / Fellow Traders, BTC has been hovering within a range , taking the form of a symmetrical triangle. 📈 If the triangle breaks to the upside , confirmed by an H4 candle closing above 44,750, we anticipate a bullish continuation, targeting the resistance range up to 48,000. 📉 Conversely , as BTC approaches the lower bound of the triangle around 41,000, we will be looking for short-term buy setups on lower timeframes, targeting the upper bound of the triangle. For now, we wait! ⏱ Which scenario do you think is more likely to happen, and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
Symmetrical Illuminati Triangle on UNFI/USDT.P on MEXC exchangeLooks to me like a Symmetrical Triangle here on UNFI/USDT.P on MEXC which these break to the UPSIDE 60% of the time. Also worth noting that the bands around the Swing Trade Pros DMI (Directional Movement Indicator) I am using here is squeezing. This usually indicates a POP once they BREAK out of these bands. Worth keeping an eye on if you are trading this coin. However with a lot of uncertainty around BTC lately, perhaps BTC will sink lower bringing this ALTcoin down with it. ** From Thomas Bullkowsi site: The consolidation pattern of the symmetrical triangle forms as volume recedes. Then, price breaks out downward, but within a few days, price reverses and shoots out the top of the symmetrical triangle, busting the pattern and leading to a strong move upward. Busted patterns (when the breakout is in one direction only to see price reverse and breakout in the opposite direction) often result in strong moves. However, symmetrical triangles have a tendency to double bust -- the final breakout direction is the same as the original one. What direction to do you think it will go?
Long
by integritydesign
🔥 Making A Bearish Case For Bitcoin: 2023 Top Is In?In this analysis I want to take a look at a more bearish crypto outcome for 2023. Note that this is not my most likely scenario. However, I think it's valuable to look at the market from different perspectives to construct a better view of the market. As seen on the chart, Bitcoin is potentially trading in a bearish symmetrical channel. Note that the top purple resistance is an exact copy of the bottom purple support. BTC has been consolidating below this huge resistance for several weeks now, so there's always the potential that the price will reverse and we will go down. Personally, for BTC to truly get bearish, I want the price to fall through the yellow diagonal support line. As long as we're above it the overall long term market structure is very bullish. Consequently, a break below would be alarming. Do you think Bitcoin has topped? Or are we going up? Share your thoughts in the comments 🙏
Short
by FieryTrading
14
POSSIBLE SYMMETRICAL WEDGE PATTERNPattern on 12 and 4 hour charts is best for this after you zoom in. I used gaussian channel on this chart. We are looking to have a major consolidation area past 20-23 days on btc. In the next day or two I believe the breakout will be a Bullish Breakout, but the next 8-12 hours on BTC is critical, as the bearish breakout might occur. 29200-29300 is the resistance area that BTC need to break and move out of this area, We had a decending wedge around March 13th, and it did break down, before a huge reversal going up and trading above 27k. We are pushing green still on weekly candle. As last week was Red, which was normal. IF you add the RSI at botom you will see that we are slowly crawling up towards 65. On MACD we just entered the postive side and use 8hour charts to see this. On Daiy charts you will also see that the RSI has broke that resistance, which leads me to believe we will continue to getting good higher highs and higher lows on chart. On 12 hour chart we have only gone into the red once since beggining of Jan 2023. 4 hour shows 3. Enjoy lets break through this upwards resistance. BINANCE:BTCUSDT
by chrisGTR
Bullish, 550% Possible Upside.On the daily chart we have a lot of bullish potential. First we have a messy looking inverted head and shoulder pattern. The right shoulder looks like a possible Symmetrical Triangle that just completed its 5th touch and could be ready to blast off. Also, there is a Golden Cross that happened yesterday. There are also 3 gaps to fill. First Gap at $15.50, Second Gap at $21.70 Third Gap at $70.00 And finally we have broken out of the year and a half long Trend line bullishly, and even backtested it. If this can break $16.00 that could be a strong signal that this thing is going to fly! -Not Trading or Financial Advice-
NYSE:SNAPLong
by UnknownUnicorn36896380
BTC - Two Possible Road-Maps!🗺Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been stuck in a range between 15600 and 17000 This week the range is getting narrower as BTC is trading inside the red symmetrical triangle. 📌 1- Bearish Scenario: If BTC breaks below the gray zone 16300, then further bearish movement would be expected till the green 15700 zone. and then if BTC breaks below 15600 from Daily, then further long-term bearish movement would be expected. 📌 2- Bullish Scenario: If BTC breaks above the upper red trendline then we will expect to text the orange minor resistance. and then if BTC breaks above the orange zone 17100, then further short-term bullish movement till the 18000 green zone would be expected. 🗒 Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
67
BTC - All Eyes On You!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been stuck in a range around the 20k round number for a couple of days forming a symmetrical triangle. For the bulls to take over, to start the minor correction upward, we need a momentum candle close above the blue zone. In this case a movement till the H4 major high and supply zone in green would be expected. Meanwhile, until the bulls take over, the bears can still kick and break below the symmetrical triangle downward. In this case a movement till the 18k would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
40