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Triangle

Nobody appreciates it !!!As I mentioned in my previous analysis, Bitcoin managed to break through the triangle pattern and experienced significant growth. Now, the price is forming a bullish pennant pattern, which could lead to further growth after the pennant breaks. Previous Analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.067. On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044. But, technically, the retest of 1.067 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout. Resistance levels: 1.067, 1.965, 1.076 Support levels: 1.0448, 1.0331 Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
by MarketAnalyzar
ZETACHAINUSD 12/11/2024ZETACHAINUSD Daily Chart Analysis Overview: ZETACHAINUSD is a relatively new coin on Coinbase, launched at the end of September 2024. Chart Pattern: • The price has been trading within an expanding triangle pattern, with well-defined support and resistance levels. • Currently, the price is sitting at a support level, suggesting a potential reversal. Technical Indicators: • MACD: In bullish territory, indicating positive momentum. • Candlestick Pattern: At the end of today, the formation of a bullish engulfing pattern at support is likely, further confirming a potential reversal. Trade Opportunity: If the engulfing pattern completes by today’s close, it presents a good swing trade opportunity to the resistance level. The trade will be entered at the next day’s open. ________________________________________ Trade Setup: • Entry Price: 0.7334 • Stop-Loss: 0.5865 (-20.03%) • Target Price: 0.9913 (+35.16%) • Risk-Reward Ratio: 1.76:1 ________________________________________ Summary: ZETACHAINUSD is showing signs of reversal from support within an expanding triangle pattern. Confirmation of the bullish engulfing pattern at the close strengthens the setup for a potential swing trade to resistance. Monitoring the daily close is crucial to confirm entry.
COINBASE:ZETACHAINUSDLong
by rudcharts
KARRATUSD 12/2/2024KARRATUSD Daily Chart Analysis The chart for KARRATUSD suggests a bullish opportunity with strong technical confirmations. Here’s the breakdown: Key Observations 1. Bottom Formation and Breakout: - Price formed a bottom in September 2024. - The breakout from that formation saw a volume spike and expanding MACD momentum, resulting in a price surge of just over 100%. 2. Consolidation Phase: - After the surge, price consolidated into a symmetrical triangle pattern spanning October through November. 3. December Breakout: - To start December, price has broken out of the triangle pattern. - The breakout is validated by: - Increased volume. - Expanding MACD momentum, confirming strength in the move. Trade Details - Position: Long - Entry: 0.5627 - Stop Loss: 0.4946 (12.10% risk) - Initial Target: 0.8133 (44.54% potential return) - Risk-to-Reward Ratio: 3.68 This setup provides a strong risk-to-reward ratio, supported by clear technical patterns and momentum indicators.
COINBASE:KARRATUSDLong
by rudcharts
BONKUSD 12/6/2024BONKUSD Daily Chart Analysis • Background : BONKUSD was introduced on Coinbase in December 2023. From its launch through November 2024, the price consolidated within a symmetrical triangle pattern . • Breakout: On November 10th, 2024, the price broke out of the triangle with massive volume, soaring as high as +140% from the breakout point. • Current Setup : Following the breakout, the price has pulled back and formed a bull flag pattern. However, confirmation of the breakout from the bull flag has not yet occurred. • Momentum: The MACD remains in bullish territory but is currently below its signal line. The histogram is contracting, signaling a potential crossover of the MACD above its signal. Such momentum could drive the price to break out of the bull flag, providing confirmation. Trade Rationale: Despite the lack of breakout confirmation, entering long prematurely is justified by the strong bullish context and potential for momentum to shift. The stop-loss is placed with extra room to account for any pullbacks within the flag before a breakout occurs. Trade Setup (Long): • Entry: 0.00004314 • Stop Loss: 0.00003305 (-23.39%) • Target #1: 0.00008468 (+96.29%, 4.12 RR ratio) • Target #2 : 0.00012728 (+194.29%, 8.24 RR ratio) This setup aligns with the post-breakout consolidation and the potential for the MACD to trigger a new bullish move.
COINBASE:BONKUSDLong
by rudcharts
5
BITCOIN → Trend reversal? The end of growth? Or ...BINANCE:BTCUSD still maintains a bullish market structure as evidenced by the local upward channel within the broader consolidation channel. After a strong rally, the price is moving into consolidation. several possible scenarios regarding current levels and the current situation Consolidation is the accumulation of a position. Accordingly, there can be different situations inside such a figure: traps, traps, false breakdowns, unpredictable impulses and so on. And it all has one goal - accumulation. Technically, the bullish market structure is not broken. Globally - flat. Locally - an ascending channel. The risk of breaking the bullish structure will be if the price starts to approach 91K - 85K. Then the question about deeper correction or even reversal will become more serious, but not now. The bulls are actively defending the boundaries of the local ascending channel and it may lead the price to retest 99-102K, but at the moment there are no preconditions for strong growth. The market will need a few days to recover its strength. Just during this period of time, the asset may show further intentions. Resistance levels: 99K, 101.3K, 104K Support levels: 95.9K, 91.6K If the bears hold the defense below 99K and the price starts to fall down, then pay attention to 95.9K. Further fall or consolidation inside the channel will depend on this level. If the bulls will be able to keep the defense inside the channel (above the support), then in the medium term we can count on the continuation of growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
3
POV: NAM_INDIA - Ascending Triangle BreakoutPOV: NAM_INDIA - Ascending Triangle Breakout 1️⃣ Breakout: On Dec 10, 2024, the stock broke out of an Ascending Triangle pattern with a strong Marubozu candle. 2️⃣ Volume: The breakout was supported by extremely high volume, confirming strength. 3️⃣ Momentum & Trend: Daily and weekly timeframes show momentum and trend in perfect sync. 4️⃣ SMA 200: A steadily rising 200 SMA adds extra confidence for a long position. 5️⃣ Concerns: High range expansion results in a wide stop-loss (SL). RSI is in the overbought zone (common for such breakouts). A pullback entry is advisable instead of jumping in directly. Disclaimer: For educational purposes only, not financial advice. #NiVYAMi
NSE:NAM_INDIALong
by kzatakia
Bitcoin can rebound from resistance line and start to fallHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it at once reached a resistance line, after which continued to decline. In a short time, BTC fell to the buyer zone and then rebounded to the resistance line again. Then the price dropped to the channel's support line and then made a strong impulse up, thereby breaking the 96250 level and exiting from the channel too. Next, the price rose to 104K points, breaking the resistance level too, after which turned around and started trading inside symmetrical triangles. In this pattern, the price made a strong downward impulse to the support line, breaking resistance with support levels, but later it made an impulse from the support line, and broke these levels again. Later BTC started to decline and soon broke the 100200 level one more time and fell to the support line of the triangle. But a not long time ago it rebounded from this line and started to grow. So, at the moment, I think that the price can reach the resistance line of the triangle pattern and then start to decline to the 96250 support level. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
Bitcoin - Time to buy again!After this heavy drop, BITCOIN has now formed an ascending triangle in the 1-h time frame, which could be a sign of a bullish trend. Please note that this analysis is in the 1-h time frame. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
30
The last bullish chance of BITCOIN in short term!After this heavy drop, BITCOIN has now formed an ascending triangle in the 1-h time frame, which could be a sign of a bullish trend. Please note that this analysis is in the 1-h time frame. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
GbpAud- Long term outlookAfter a strong reversal from the 1.6 low, which gained 4,000 pips, GBP/AUD encountered significant resistance around the 2.0 zone. This resistance led to a prolonged consolidation phase lasting over a year. On the weekly chart, this consolidation appears to have formed an ascending triangle, a bullish continuation pattern. At this point, there is a high probability of a genuine breakout to the upside. If the breakout occurs and holds, we can anticipate a continuation of the uptrend, potentially adding another 2,000 pips to the pair's upward movement. Interim resistance lies near the 2.08 level, which could serve as a target for swing traders or a key area to monitor for price action.
Long
by Mihai_Iacob
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels. Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase. As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle. The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest. Note: I don't care about the count if it right or not don't comment on that please
BLACKBULL:WTILong
by hakimbo989