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Triangle

XRP can breakout of logchart triangle once .59 is sold supportThe top trendline of this logarithmic weekly chart symmetrical triangle has played amazing resistance for quite some time now. However since that trendline is a descending one, the price that xrp’s price action needs to maintain as support gets lower and lower with every weekly candle close. Currently, if xrp can flip 59 cents to solidified support and maintain that support for multiple weekly candles it would validate the breakout. By next week’s candle it could be even lower. For the sake of the steroids 589 number that seems to be associated with XRP, it would be fun if the level needed to flip to support to break above was 58.9 cents imo. With the uptrend in the crypto bull cycle seemingly resuming here, the probability of XRP climbing above .589 in the near future and staying above it has greatly increased. Wouldn’t surprise me if the day it really blasts off and confirms//validates the breakout of this triangle coincides with something newsworthy like Gensler resigning or the SEC Ripple case being settled or even dropped. I anticipate a Bullish December, but perhaps even a quite bullish rest of november here as well for XRP It’s already off to a good start to the month so far and hopefully it can keep that momentum going. Always a chance at some sort of temporary Black Friday black swan discounts though so wise to stay vigilant. In order to get as zoomed in as possible on price action for this post, I cut the measured move target out of the frame, but if you were to drag the chart with your mouse(or finger if using a touchscreen) you will see that the target for the breakout of this log triangle is around $10.57 if it were to break above the triangle on the enxt few candles. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
2
Xrp moving above highest top trendline of linear trianglesThese triangle trendlines are most accurate looking on the monthly chart. I wll also post a weekly timeframe version of this chart and a daily time frame version thats zoomed nto the top green trendline so you can see how we have 3 consecutive daily candle closes above this extremely pivotal trendline and now officially have closed one weekly candle close above it too. Seeing as how the trendlines of the green triangle seem most valid on the monthly time frame however, i think the most important candle close will be once we have a 1 month candle closing a portion of the candles body above the line and the follow up monthly candle also holds the line as solidified support. This is such a major trendline to flip to support and as you can see, the breakout target for the green triangle of $3.75 is actually right around the same breakout target as the yellow triangle of $3.70 that’s very strong bullish confluence that should help increase the probability of hitting those targets as it has twice the bullish momentum potential as just one of the patterns would have. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
3 consecutive 1day candle closes abve key triangle top trendlineI wanted to post a daily timeframe close up of the top trendline of the macro time frame green triangle that xrp has been consolidating inside since 2018. We now have 3 consecutive daily candle closes above its top trendline and are working on what looks to be the fourth here. You can tell that it appears to be forming another little smaller time frame bullflag here with the last 5-6 candles which it has already done a couple times as well on the 20 or so candles just prior to those. The triangle pattern is most valid on a monthly chart so we should definitely not get too presumptuous that we have flipped this trendline to permasupport until we have closed 1 monthly candle above it and retested it as confirmed support with the follow up monthly candle. However we are making good progress now as we now officially have 1 weekly candle close above this green top trendline as well —> I will link the monthly version of this chart below so you can click on that idea as well to get the full perspective of this triangle instead of just a zoomed in look at the daily. Target if breakout confirms in this zone is $3.75. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
XRP → ATH is getting close. Consolidation before the rallyBINANCE:XRPUSDT rallies to ATH. The three-year accumulation is starting to realize itself and thanks to a tailwind - Trump, the coin makes a jump of 140% At the moment the coin is in consolidation after the rally. There are no technical prerequisites and reasons for a reversal and fall, the price is accumulating the potential for continued growth. The focus is on the resistance at 1.523 and 1.6300. Breakthrough and consolidation of the price above this zone will provoke aggressive purchases, which may lead to a new impulse. It is possible that the local correction of bitcoin may put a slight pressure on the coin, which in turn before further growth will test the area of 1.4116 (strong resistance from September 2021), or the lower boundary of consolidation - 1.2775. Resistance levels: 1.5234, 1.6300 Support levels: 1.4116, 1.2775, 1.2133 So, since we have a bull run, an ascending channel and a strong consolidation, in this case it is logical to consider buying only, which can be done only from the support or after the resistance breakout. The target in the form of ATH 1.9669 is getting closer and closer :) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
31
LAI/USDT: 5X-8X SPOT CALL!!Hey everyone! 👋 If you’re finding value in this analysis, don’t forget to smash that 👍 and follow for more market-winning setups! 🚀 🔍 Technical Analysis: LAI is gearing up for a potentially massive rally! It has broken out from a descending triangle on the daily time frame and is now retesting the breakout level. The 100MA support is holding strong, providing an excellent base for the next leg up. This is a great time to start accumulating, with opportunities to add more on dips. 💡 Entry Range: $0.015 - $0.017 🎯 Targets: 500% - 800% gains! 🛡 Stop Loss: $0.011 ⚙ Why This Trade? LAI has entered a decisive bullish phase, confirmed by its breakout pattern. The retest and solid support at the 100MA are classic indicators of a strong continuation move. 📈 Fundamentals of LAI: LAI is a next-generation AI-powered crypto that’s building strong momentum in the market. Its ecosystem integrates artificial intelligence to deliver advanced blockchain applications, attracting significant attention from investors and developers. With the rapid growth of the AI industry and increasing adoption, LAI is positioned to benefit from these tailwinds. 💬 What’s your perspective on LAI? Do you see the potential for a parabolic surge in price? Share your insights and predictions in the comments below, and let’s discuss the roadmap to massive gains together! 🚀
Long
by CoreCrypto1
2
Polkadot / U.S. Dollar | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Polkadot / U.S. Dollar - Triple Formation | Neckline At 5.0960 - Wedge Structure | Bearish Trend | Bias On Hold - Invalid Target At 2.5600 - Retracement | 50% | Awaiting Target At 11.8350 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:DOTUSDLong
by TradePolitics
2
Easyjet ready to fly?Easyjet records better financial statements, looking at the report is possible to read that LSE:EZJ flew about 5% increase in seats when compared with last year. The revenue increased by 14% this mainly because of the increase of 8% in capacity. Looking over the financial indicator it's noticeable an increase in revenue and the difference compared to 13 week moving average. The price breakout for the second time above the top of ascending triangle following for a cross over the 200ema. The yellow resistance is the strongest one that still needs to be broken. ADX is already above DMI- and being at 19,49 can show some strength confirming the DMI+. EFI barely dropped below zero when the price failed to cross the EMA changing direction above zero rapidly.
LSE:EZJLong
by AFCapital21
TREND THE PRICE IS STUCK IN A TRIANGLE 1. Ascending Channels (Green Lines): • The green trendlines represent an upward channel, showing the overall bullish trend over time. • Price has respected these levels by moving between the upper resistance and lower support of the channel. • The breakout or breakdown from this channel could signal a continuation of the trend or a potential reversal. 2. Descending Channels (Red Lines): • The red trendlines mark a downward channel, indicating a bearish correction within the broader trend. • The price action within this channel likely represents a pullback or consolidation phase in the context of the larger trend. • A break above the descending channel could suggest a return to the bullish momentum. 3. Key Levels: • Yellow Zones: These appear to highlight critical areas of support or resistance where price has reacted significantly in the past. • Trend Change Area: Marked on the chart, it likely represents a key point where the market’s trend might shift direction based on price action and momentum.
OANDA:XAUUSD
by mesutselimi
Ascending Triangle Forming on DOG/USDSince November 12, the price action of DOG/USD (Dogecoin versus the US dollar) has formed what many technical analysts refer to as an ascending triangle between US$0.4381 and US$0.3006. Although this pattern is generally seen as a bullish continuation formation, there are occasions when it may indicate a reversal instead. Should a breakout to the upside occur, traders may either add to their current buy positions (pyramiding) or enter new buy positions while placing protective stop-loss orders below the lower line of the ascending triangle. Ichimoku Cloud Bolstering Ascending Triangle The Ichimoku Cloud provides support at the lower side of the ascending triangle. This support area is determined by the difference between Leading Span A (green) at US$0.4034 and Leading Span B (orange) at US$0.3925, and is a commonly recognised support level, especially during uptrends. Additionally, it is noteworthy that the Leading Span A has just crossed above the Leading Span B, which is considered a bullish signal. Adding to the above, additional bullish evidence is seen through the 200-period simple moving average (SMA) at US$0.2460 pointing to the upside, as well as price action rebounding from the 50-period SMA as support at US$0.3918. Price Direction? While market participants may ‘play the range’ within the ascending triangle – buying support and selling resistance – many will likely wait and see which way the pair breaks out from the pattern. As noted above, a higher break could trigger further buying, with stops placed under the ascending triangle’s lower line or even below the Ichimoku Cloud. On the other hand, a break lower could signal that price wants to test the upside gap between US$0.2203 and US$0.2668 (orange area).
FPMARKETS:DOGUSDLong
by FPMarkets
Bitcoin could be about to reach 104KBitcoin most likely bottomed out yesterday, following a 9% correction from its all-time high. However, the price is stuck in a triangle pattern in the short term. There are three exciting scenarios to watch. If the short-term trend observed yesterday holds, the price could bottom out in the 92k and 94k range. The alternative, and perhaps a safer setup to some extent, would be a breakout from the triangle pattern, with a breach above 96.88k likely triggering a bullish push towards 104k. More pessimistic traders might anticipate a more substantial correction, with the price revisiting yesterday's low and the triangle support area near the November 26th low of around 91.2k. However, this is the least likely scenario for now. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BTCUSD
by ThinkMarkets
HMSTR/USDT: 80% RALLY INCOMING!!Hey everyone! 👋 If this analysis resonates with you, smash that 👍 and follow for more high-value trade setups! 💹 🔍 Technical Overview: HMSTR is on fire! 🔥 It’s breaking out from a symmetrical triangle, with a successful retest confirming the breakout. The 100MA support is holding strong, further boosting confidence in the move. It’s now eyeing its All-Time High (ATH), making this an ideal time to jump in. Long some here, and keep an eye on the dips for accumulation! 💡 Entry Range: CMP and add more up to $0.00366 🎯 Targets: Target 1: $0.0043 Target 2: $0.0050 Target 3: $0.0058 Target 4: $0.0069 🛡 Stop Loss: $0.0034 ⚙ Leverage: Max 5x (Low leverage recommended) Why This Trade? HMSTR is showing strong bullish momentum, and its breakout structure aligns perfectly with classic bullish patterns. With the 100MA acting as a solid support, the risk-to-reward ratio is highly favorable! 💬 What’s your perspective on HMSTR’s price action? Are you seeing the same potential for a rally? Share your thoughts and analysis in the comments below, and let’s ride this wave to the ATH together! 🚀🔥
Long
by CoreCrypto1
1
#ETH Update: Ready for a Massive Move?Hey everyone! If this analysis resonates, hit that 👍 and follow for more timely updates! 📈 A few days ago, I mentioned ETH bouncing from the $2,900 level, and it’s been progressing perfectly! 🔥 Check the chart for proof. Currently, ETH is attempting to break out of a descending channel on the daily time frame. Once it confirms a breakout, a rally toward $6,500 could be on the horizon. 🌟 Here’s the plan: 📌 Entry: Wait for a daily close above or buy a portion now and DCA at lower levels. 📌 Targets: $6,000 / $6,500 / $7,000 📌 Stop Loss: $2,980 📌 Leverage: Stick to low leverage for safety. This setup screams bullish potential! Are you seeing the same? Share your insights in the comments below, and let’s ride this wave together!
Long
by CoreCrypto1
2
XRP - Do not buy now! Be clever, wait for a pullback (here)XRP has been pumping massively; since November it's up +230%. XRP has a logo (X), same as Twitter, which means it's under the control of Satanists/Luciferians. They control the whole banking system and all famous social networks. XRP has a lot of haters in the crypto community. XRP is very bullish from a technical perspective, but let's take a look at what happened during the huge November pump! We see a lot of green candles, but there is a symmetrical triangle around 1.1 USDT. This is a very sweet spot for whales. We can expect the majority of retail traders to put a stop loss below this triangle, and what are the whales going to do? As I said, XRP is highly manipulated; they want to take away money from you, so they will push the price below the triangle to take all sweet liquidity. We have 2 unfilled FVGs (Fair Value Gaps) below the current price, which is also a problem. These types of GAPs tend to be filled pretty quickly but can also take a few weeks. But what matters is that the price will eventually go back and fill them! My strong recommendation is - do not FOMO in and wait for a reasonable pullback. I would put a buy order at around 1.00 USDT. We don't know if the price will continue to go up in the short term, but in the medium term, we should go down and take the liquidity below the triangle! Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
142