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Triangle

Quant on the rise after goldencross helps confirm triangle breakQuant essentially confirmed its breakout upward from the symmetrical white triangle around the exact same time it had its goldencross. You can also see a light yellow channel it has also broken up from, upon reaching the target of the white symmetrical triangle breakout, Quant should then be able to break upward from the blue channel as well which has a breakout target that can send Quant back to retesting it’s previous all time high. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
$BTC - Steeper correction if below $93500Hi guys! 👋🏻 🔔 Lacking momentum and liquidity and it's time for correction 🔔 I believe it's too early for $100K and time to get rest before the next run. 🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse. 🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier. 🔔 Triangles could be tricky, so watch for a breakout before making any decisions. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
FMC Technologies | 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 # FMC Technologies - Double Formation * A+ Set Up | Triangle Bias At 18.90 | Subdivision 1 * Retracement | 0.5 & 0 | Continuation & Ranging Template - Triple Formation * Neckline | Visibility At 23.90 & 22.55| Subdivision 2 * Pattern Structure | Left / Head / Right * Retracement | Uptrend Bias Entry Area | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:FTILong
by TradePolitics
Brent Crude Oil Wave Analysis 3 December 2024 - Brent crude oil rising inside daily Triangle - Likely to rise to resistance level 74.00 Brent crude oil recently reversed up from the support trendline of the daily Triangle inside which the price has been moving since September. The upward reversal from this support trendline stopped the earlier impulse waves iii and 3 – which belong to the medium-term downward impulse sequence (3) from the start of October. Brent crude oil can be expected to rise further to the next resistance level 74.00, coinciding with the resistance trendline of this Triangle.
VELOCITY:BRENTLong
by FxProGlobal
GOLD - Price can correct to support line and start to riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where it rose to $2715 level and broke it, after which made retest. Then it rose to resistance line of channel, after which little declined and then continued to grow. When price rose to $2790 points, it turned around and started to decline, thereby exiting from channel. Gold continued to fall inside triangle, where it fell until to $2537 points, breaking $2715 and $2605 levels. Price rose to resistance line, breaking $2605 level, after which made correction and now XAU rising near support line. Possibly, Gold can bounce up from support line to $2715 resistance level, exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
4
The last bullish chance of ADA in Short term!Cardano managed to break two ascending patterns a few hours ago, as you can see in the chart. Now, the price can drop to within the triangle to liquidate traders' positions, and I have identified the support point. However, it should not be forgotten that the price can easily go up to $1.23. 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!!
Long
by CobraVanguard
25
RGR 10/14/2023RGR Daily chart analysis RGR experienced an uptrend between March and August 2020. The uptrend was broken in August, leading to a sideways market / distribution stage that persisted for the next two years until August 2022. Following this, the price broke down from the sideways market, entering a downtrend with a sharp move down and finding a bottom at the end of September 2022. A pullback occurred after the breakdown, lasting throughout Q4 2022. The price pulled back to the previous support area, attempting to turn it into resistance and continue the downtrend. Since the pullback, the price has been consolidating in the form of a descending triangle throughout 2023. Currently, the price sits at the resistance area of the descending triangle. Concurrently, there's an 'overbought' signal on the stochastic indicator, and the price is under the 200ema. RGR is presently in a bearish pattern (descending triangle), at a resistance level with an 'overbought' signal, and the previous trend was/is downward (price under the 200ema). These factors collectively suggest a high probability for a short trade. Entering trade short Entry: 54.34 Stoploss: 57.27, -5.39% Target: 40.11, +26.11%, 4.84 RR ratio
NYSE:RGRShort
by rudcharts
3
TEL Symmetrical Triangle or Bull Flag ComparisonIs this a Symmetrical Triangle or Bull Flag? Here is how we decide. The triangle is in white, the flag is in pink. Symmetrical Triangle: higher lows and lower highs, representing a period of consolidation and indecision. The breakout direction typically depends on the preceding trend Bull Flag: A bull flag appears after a strong upward move (the “flagpole”) and consolidates downward in a parallel or slightly sloping trend. It signifies a continuation pattern, with a breakout expected to align with the prior uptrend. Analysis The prior move has seen strong upward momentum (55%, 44%, 33%), which supports the idea of a bull flag if the triangle is sloping slightly downward. However, if the triangle is symmetrical with equal pressure from buyers and sellers (not tilted), it’s likely a symmetrical triangle signaling indecision. I believe this is tilted upwards, signifying bullish. This is confirmed by the fact that net volume is $11 million above sell volume at time of writing. If it’s breaking above the triangle now and aligns with my target of $0.009, the breakout could validate it as a bull flag continuation pattern. 2. Key Factors Supporting the Analysis: Bounce off the 100-day Moving Average: A bounce off a significant moving average like the 100-day MA is typically bullish, indicating that buyers stepped in at a key support level. Breakout Above Triangle: Early signs of breakout above the triangle suggest bullish momentum building up. If confirmed with volume, this supports the bull flag hypothesis. Upcoming Catalyst (Public Hearing): The public hearing for Telbank approval on December 5 could drive speculative buying, adding bullish momentum. There may be a small sell the news effect, but if the hearing is positive this won't last for long. Short-Term Target ($0.009): If this really is a bull flag, the measured move target can be estimated by the height of the flagpole (the previous upward move) added to the breakout point. Risks to Watch: False breakouts are common in symmetrical triangles. Watch volume closely to confirm the breakout. If the price falls back below the 100-day MA, it could invalidate the bullish setup. Summary: Given the price action and catalyst, the pattern appears more like a bull flag continuation. Monitor the breakout level and volume for confirmation. If the pattern holds, the short-term target of $0.009 seems reasonable.
Long
by CryptoMitchX
1
GBPUSD → Counter-trend correction before further declineFX:GBPUSD within the correction reaches a zone of interest and resistance from which the decline may resume as the dollar returns to a northbound rut ... Traders continue to fight for the 1.267 area, an area that is a strong enough support. Buyers don't have much of a chance as the dollar looks quite strong on the back of Trump's policies and is putting quite a lot of pressure on the forex market. Technically, the downtrend is the priority and we will be pulling back from it. Key zones: 0.5 Fibo and the boundary of the downtrend. False breakout may provoke further decline. Resistance levels: 1.275, 1.284 Support levels: 1.267, 1.264 False breakout of resistance will indicate the bears' domning and may provoke further selling. It is also worth emphasizing 1.267-1.264. A breakdown and consolidation of the price below this zone will also confirm the bears' intention Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
19
TON → One step away from a rally. Trying to change the trendBINANCE:TONUSDT is coming out of a prolonged consolidation, but only one action separates us from the distribution phase. The bitcoin rally is favorable for many altcoins.... In my opinion, TON is a rather undervalued project that has a fundamentally significant base (many altcoins cannot boast of this). Technically, the consolidation lasted for almost 9 months and, consequently, this energy should be used somewhere. The exit of the price from the accumulation begins to show us in which direction the distribution is likely to go. The focus is on 5.420 and 5.150. If the bulls hold their defenses above this zone, the coin could show a flight to the moon in the long run. But don't look at cryptocurrencies with rose-colored glasses, assess the situation relative to the risks! Resistance levels: 5.420, 6.133 Support levels: 5.151, 4.51 The price is breaking the resistance of the bullish pattern (descending wedge or descending triangle), we have to wait for confirmation that the trend change will be true. The fight for 5.420 continues. Let's keep an eye on this zone ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:TONUSDT ;) Regards R. Linda!
Long
by RLinda
13
Bitcoin can correct to support line and then continue to growHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price started to grow inside the pennant near the support line and later reached the 93500 support level, which coincided with the support area. Soon, the price broke this level and continued to move up to the resistance level, which coincided with the seller zone and even entered to this area, after which it reached the resistance line of the pennant. Then BTC turned around and declined to support line and later exited from the pennant pattern, after which little fell and then rose to the 98500 level. BTC tried to break it, but failed and dropped to support level firstly and soon broke this level too and fell until to 90785 points. Then Bitcoin turned around and rose to the 93500 support level, broke it, and later rose to the resistance level. After this, the price turned around and made correction to support line of triangle, but a not long time ago it turned around and started to grow. So, in my opinion, the price can decline to the support line and then continue to grow to the resistance level. When the price reaches this level, it can break it, thereby exiting from the triangle also and then going next, making firstly retest or without it. For this case, I set two TP: first at the 98500 level, and second at 100500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
CRYPTO:XRPUSDLong
by DrDovetail
2