MATICUSDT → Breaking through triangle resistanceBINANCE:MATICUSDT is forming an attempt to change the trend. The price is testing the resistance area of the descending triangle. A consolidation above the key level may start a strong distribution.
MATIC price is still in a bearish trend amid a strong cryptocurrency rally. For the last few days, the coin has been forming a resistance retest and is currently consolidating above 1.0303, a level that now plays a key role. If the bulls consolidate their positions above this level, they will form a potential for further growth of 20-50%. The first target is 1.1990, then 1.5490. On the weekly timeframe we see that the price realizes growth inside the range, the target of which is resistance.
Support levels: 1.03030, 0.9849.
Resistance levels: 1.1990, 1.5496.
The coin is breaking the resistance, but it is still under the pressure of sellers. If buyers consolidate their positions above 1.0303, form the so-called local bottom, strong growth awaits us in the medium and long term
BITSTAMP:BTCUSD CRYPTOCAP:TOTAL2 BINANCE:MATICUSD
Regards R. Linda!
Symmetrical Triangle
GOLD → Will we reach 2150 before the news comes out?FX:XAUUSD strengthens to 2141.8, but, having failed to reach a few points to ATH, forms a correction on the background of increasing sell-offs, which leaves this gestalt open for the market.
Today-tomorrow there will be quite strong news, all the attention is on Fed head Powell. Interest rates, inflation and other things are likely to be discussed. Based on the general situation in the US, there is a possibility that the dollar will be supported further. This could have a negative impact on gold.
Volatility increases on the news. The important zones now are 2150 and 2125. There is a possibility that before the news or because of high volatility there may be a retest of 2150 before further fall, but there is also a possibility after a small correction to break 2125 and fall to 2100-2085.
Resistance levels: 2150, 2130, 2142
Support levels: 2125, 2110, 2100, 2088
I expect that the news may negatively affect the market. But before that the price may form a bullish impulse. Trade carefully as the news will be strong
TVC:GOLD MCX:GOLD1! COMEX_MINI:MGC1! COMEX:GC1! TVC:DXY
Regards R. Linda!
EUR/USD: Possible Symmetric TriangleEUR/USD: Possible Symmetric Triangle
monitor the triangle breakout
as well as the EMA50 and 200 and Fibonacci levels
Gold has exploded and this could push the EUR/USD price higher.
Bitcoin could also play a role in market developments.
In monthly, we could look for 1.15
Be careful!
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern.
Key Points:
Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break above the upper trendline signifies a potential bullish breakout.
Buy Entry: Consider entering a long position around the current price of 0.8850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the following levels:
0.8916: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point.
0.8953: This is achieved by adding the height of the triangle to the breakout point. These targets act as potential resistance zones that could see buying pressure.
Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 0.8830. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you
GOLD → Distribution phase. When do we reach 2150?FX:XAUUSD is moving out of range. A distribution is being formed. During the trading week the price strengthens by 2.5%, and the closing of the price on Friday gives us prerequisites for further movement
As part of the outlook, gold has quite an interesting path ahead. Interest in the metal is increasing, especially within the framework of the unstable 2023 and early 2024. All of last week was favorable for gold as the US market pulsed with negative economic data. This contributed to the end of the consolidation and the beginning of the distribution. US regulators are not doing a very good job. Inflation is still high, jobless claims are rising, GDP is falling. But what they are confidently doing well is keeping interest rates flat for extended periods of time. lol
Prolonged consolidation is getting a denouement. Price is moving out of the triangle upward, breaking the range resistance. And the prerequisite for the resistance breakout was volume growth and consolidation formation near the upper boundary of the range. Since we see the distribution on the background of volume growth, and the closing of the daily candle on Friday indicates that the movement is not over, we can assume that the breakout of 2084 will provoke the continuation of growth to 2090, 2100 and further to 2150 - ATH.
Based on the general situation at the moment, we can distinguish two highly probable scenarios.
Since the market is bullish, as evidenced by the previously mentioned facts, we can conclude from the current assumptions: resistance breakout, realization phase, distribution, Friday candle closing, growing volume, that we should look for further growth.
Scenario 1 : Consolidation between 2087 and 2078 followed by a squeeze to 2087, breakout and rise to 2100 and 2125
Scenario 2 : Correction to 2078, to Fibo 0.236. False breakout, return to the range of 2087 - 2078. Breakout of resistance and growth to ATH
Resistance levels: 2082, 2087
Support levels: 2078, 0.236 fibo, 0.382 fibo
COMEX_MINI:MGC1! COMEX:GC1! TVC:GOLD TVC:DXY
Regards R. Linda!
EURAUD - Important Breakout 🚀Hi Traders !
On Friday 1 Dec 23, The EURAUD Reached a Strong Support Level (1.62340 - 1.63280)
The Price Formed a Symmetrical Triangle Pattern.
Currently, The Resistance Line is Broken.
So, I Predict a Bullish Move 📈
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TARGET: 1.67610🎯
Triangle Pattern Trading: A Trap for NewbiesThe triangle pattern is a popular chart pattern that is often used by technical analysts to identify potential breakout opportunities. However, traders should be aware that the triangle pattern can also be a trap for unsuspecting beginners.
Why the Triangle Pattern is a Trap
One of the reasons why the triangle pattern can be a trap is that it is a very subjective pattern. There are no hard and fast rules for identifying a triangle pattern, and what one trader might identify as a triangle pattern, another trader might not.
Another reason why the triangle pattern can be a trap is that it is a very common pattern. This means that there are many opportunities for traders to trade this pattern, which can lead to overtrading. Overtrading is a common problem for beginners, and it can lead to significant losses.
Smart Money Traders and the Triangle Pattern
Smart money traders are aware of the fact that the triangle pattern can be a trap for beginners. They will often use this pattern to their advantage by creating false breakouts and trapping beginner traders into losing positions.
Here are four examples of how smart money traders use the triangle pattern to trap beginners:
NEO: formed a bullish triangle pattern. However, the price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout.
RVN: Rformed a symmetrical triangle pattern. The price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout.
DYDX: formed a descending triangle pattern. The price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout.
TRX: formed a bullish triangle pattern. However, the price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout.
How to Avoid the Triangle Pattern Trap
There are a few things that traders can do to avoid the triangle pattern trap:
Be aware of the subjectivity of the pattern. There are no hard and fast rules for identifying a triangle pattern, so traders should be careful not to get too caught up in trying to identify this pattern.
Don't overtrade. The triangle pattern is a very common pattern, which means that there are many opportunities to trade this pattern. Traders should be careful not to overtrade this pattern, as this can lead to significant losses.
Be aware of smart money traders. Smart money traders will often use the triangle pattern to their advantage by creating false breakouts and trapping beginner traders into losing positions. Traders should be aware of this and be careful not to fall for these traps.
Conclusion
The triangle pattern can be a useful tool for identifying potential breakout opportunities. However, traders should be aware that this pattern can also be a trap. By understanding the reasons why the triangle pattern can be a trap, and by taking steps to avoid these traps, traders can protect themselves from significant losses.
Sell GBPUSD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern.
Sell Entry: Consider entering a short position around the current price of 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels: 1.2618 and 2.2595.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.2720. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you.
Sell EURUSD Triangle BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern.
Sell Entry: Consider entering a short position around the current price of 1.0842, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels: 1.0815 and 1.0795.
These targets act as potential support zones that could see selling pressure.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.0870. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you.
Total 2 heading towards double bottom breakout target. We can see the total2 chart’s price action has already reached the full target of the purple symmetrical triangle breakout. In doing so it also went above the yellow double bottom neckline and now is quickly making its way to hitting that full target as well. That full target is a 988 billion. In the meantime it appears like we may see a weekly golden cross soon. Take a look back at the previous weekly golden cross and you will see that if history repeats a true alt coin season will be melting faces in the near future. *not financial advice*
Sell EURJPY Triangle BreakoutThe EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern.
Key Points:
Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation.
Sell Entry: Consider entering a short position around the current price of 163.08, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels 162.33 and 161.98
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 163.40. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you
JASMY-USDT / 15 M / TECHNICAL ANALYSIS "HELLO TRADERS, I HAVE DETERMINED THE FORMATION TARGET ON THE CHART."
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
MANTAUSDT - POTENTIAL SETUPcurrently the market is retracing a bit after last HH, The price was reacting well the support and resistance level. if the market successfully sustain the next target could be 3.27527.
NFA
DYOR
PLTR pre-earnings play LONGPLTR has earnings on February 5 while on the 120 minute chart, the price action is that of
a rising wedge with price compressing between a rising support trendline and a falling
resistance trendline the extension of the neckline of the head and shoulders pattern of
November. PLTR fell today and is near and above support. In a long trade, I see the target
as 18 ( at the resistance trendline) with a narrow stop loss just under the support trendline.
This makes for a possible 6% profit with a very good reward-to-risk ratio. A call option
for the 2/16 expiration striking $17 is also under immediate consideration.
GOLD → Retest of a previously broken level. Panic zone FOREXCOM:XAUUSD is testing local levels in the correction phase and heading towards descending triangle resistance. There are several strong levels crossing in the area of 2035-2037. What to expect from the price?
The price is in the correction phase testing the symmetrical triangle resistance as well as the previously broken ascending support line. Technically, gold is in a stalemate situation, as well as in the selling zone. The crossing area of strong levels is at 2035-2040.
Most likely, before a possible further fall, the price may test 2035-2040 with a false breakout. But, there is news ahead and we should not forget about their nature of unpredictability.
Resistance levels: 2035, 2037, 2040
Support levels: 2030, 2020, 2016
Fundamentally, gold is weaker against the dollar. Technically, we have no trend, only flat. There is news ahead and on the background of the news, I expect that the price may continue to fall after the correction phase. Targets remain the same
TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY
Regards R. Linda!
Adani power Consolidating for more than 85 DaysAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. So, after the BO of this pattern to the upside, we can expect a move of around 30% and can keep a stop-loss below the swing low. NSE:ADANIPOWER
DOGEUSDTDOGEUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.107
What you guys think of this idea?
EURCHF - BREAK OF STRUCTURE 🚀
Hello Traders !
Previously, The EURCHF Formed a Symmetrical Triangle Pattern.
Currently, The Price Broke The Higher High (BOS).
So, I Expect a Bullish Move 📈
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TARGET: 0.95340🎯
PEL : Biggest Breakout of 4 month Piramal Enterprises has formed Descending Triangle pattern
Stock has given huge breakout around 930 levels
Target would be around 1150-1100
850 is Strong support for long term
If we correct then prices may take support around 850 levels.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Sell GBPUSD at UK RecessionThe GBP/USD pair on the H4 timeframe exhibits a potential selling opportunity due to a recent downward breakout from a symmetrical triangle pattern. This pattern suggests a period of consolidation followed by a potential trend continuation in the breakout direction.
Key Points:
Triangle Breakout: The price has been confined within a symmetrical triangle, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.2600 signifies a shift in momentum towards the downside.
Sell Entry: Consider entering a short position around the current price of 1.2630, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the support level of 1.2350, marking a previous support zone within the triangle. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the triangle, ideally around 1.2750. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you
MACD Crossover - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 61.
📈 There is Formation of Symmetrical Triangle breakout soon.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 483
🟢 Target 🎯🏆 - 532
⚠️ Stoploss ☠️🚫 - 462
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
GTAI is ready! 200% profit in the short-termTechnical analysis
GTAI coin is probably ready for an explosive move as the price broke out of the symmetrical triangle on the 4H chart. If you are still hesitating, it may be your last chance to buy GTAI at the current price of 2.23 USDT. The price makes higher lows, which is essential for every bull market. 204% profit in the short term is definitely very likely, but if you hold this coin for the long-term, you can get a 10x or 100x profit in 2024 or 2025. From the Elliott Wave perspective, we have a strong bullish nest (1,2,1,2,1,2), and every Elliott Wave trader can confirm that this is pretty much a dream setup. Once wave 3 starts, it can be huge. Where to take profit in the short term? If you are an intraday trader or a swing trader, you can take profit at the 1.618 FIB extension or 1:1 FIB extension and buy GTAI again at a lower price. If you are a hodler, keep holding.
Fundamental analysis
GTAI is very popular among retail traders. It has around 352,000 followers on the X platform and a huge fan base. It's always important for every coin to have a lot of users, as the users are what truly matter when it comes to adoption. It's also important for GTAI to get into popular exchanges so people can buy it. GTAI is awaiting several listings on another popular exchanges:
$GTAI is utility token which allows:
Fee Discounts: Offering discounts on profit and trading fees
Vendor Fees for API SDK: Charging fees for API SDK installation, subscription, and transactional operations
Web3 Fund Creation and Listing Fees:Implementing fees for creating Web3 funds and listing them in the marketplace
Cashback Payouts: Cashback payouts in $GTAPP tokens when using AI shopping assistance
Eligibility for DAO Voting: Granting eligibility to participate in DAO votings
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
HCG SWING TRADE 50% RETURN feb 17/2/2024
swing trade perfect symmetrical triangle long term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
