Get started

Trianglebreak

Bullish and poised for Higher for Q2Given Taxes are pretty much done, I would say that as long as 40400-40800 support zone holds (possible retest of the Triangle-breakout holds,) we going higher. Anything can happen, so be on guard and careful about "going all-in" if you have a day job. My strategy at this point is to take 1/2 of my desired investment dollars and just buy on dips or reasonable prices and use the other half to rebuild a back-up of stablecoins that will have attached orders much lower than current prices just in case we have a market disrupting event. Still stacking with weekly buys, but more timid purchases as per my long-term DCA strategy. Also investing in a few choice alts as well given the broad rally we've had coming into the end of Q1. Possible lows I see on deck for the next 24 hours should we have a dip, are the aforementioned support zones for the recent triangle break, where I will have an order or two, in addition to stop-loss buys that are much smaller in case we rip overnight; but a rip at this time is doubtful beyond 42400-42500 where we see evidence of small distribution already occurring in the last 24 hours. Probably overbought, on the RSI which can afford to come down a bit. Weekly close near 42K is also psychologically builish. On the other hand, we did not see a capitulation move, so that's still on the table, hence keeping a bit of spare change on deck just in case. If we do continue higher from here, I am thankful that I made some very decent buys in the 30s this quarter...
BITMEX:BTCUSD.PLong
by JJMa
So many bullish indicators. Explained.Lots of things happening in on the daily chart. 1.Triangle breakout The chart shows a clear breakout out of the traingle and the price moved as with most breakouts. Breakout, followed by a dip towards the top of the triangle (not completely but still at 0.88 hit) before the (hopefully) big blow to the upside. 2.Resistance/Support flip. It broke out above the 1.05 resistance. Hopefully it confirms it as a new support before continuing the run up. 3. Cup and Handle The same resistance line at 1.05 is the top of the cup and handle. Starting at 19/05/2021, finishing the cup at 21/08/2021 and finishing the handle at 26/10/2021. It already broke out above. Very bullish. 4. Daily 50MA and 200MA about to cross These daily moving averages are about to cross at ~0.85. The 200MA passing 50MA is golden. So, lots of indicators are yelling moon time. What am I gonna do with this info? I bought some more GRT just now and i'll be buying more if it dips to 1.05 and 0.85. Good luck traders.
COINBASE:GRTUSDLong
by Silverboarder
NESTLEIND Company website- www.nestle.in Product Verticals ---> Beverages, cereals, chocolates, dairy, nutrition, foods, vending machines Famous brands- Nescafe coffee, Maggi noodles, Milkybar chocolate, Milo, Kit Kat chocolate, Bar-One, Milkmaid, Cerelac baby food, Boost health drink ( bet you have heard of them ) 4% market share, plenty of upside for such a MNC. Financials- low debt, ascending PAT (12% yoy ), 0 pledged shares, high dividend yield at 180% __________________________________________________________________________________________________________________________ PRO TIP : 4 stocks in your portfolio and you own 99% FMCG market in india- ITC, HUL, NESTLE AND BRITANNIA Buy them all if you can :) PS: I have the money, vested interest is being invested in all these companies, for the effort of writing this, be a good dude and give it a like a share or buy me a beer :) STEP UP YOUR GAME! Get Rich!
NSE:NESTLEINDLong
by EVOQUE5000
3
Compound Long - triangle breakout setupAs we can see COMP has been in a bear market since mid may 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone The project itself is base on De-Fi lending protocols and has a relatively great lending and repayment volume, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in. I will DCA between 112-91 and take profits at 227-253 𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
COINBASE:COMPUSDLong
by dylandias
💵EURUSD - Potential Triangle BreakHI Everyone, Here are our thoughts on EURUSD on the 1H timeframe. It is currently in a symmetrical triangle and looks to be getting closer to a break. With the overall trend being down at the moment we are expecting a break to the down side. For those looking at shorting wait to see a confirmed break below the 1.11500 - 1.11400 zone. A good setup would be to wait for a retest and rejection on the lower trendline increasing the probability for further downward movement. Let us know your thoughts.
by Wolfpack_Traders
GOLD Symmetrical Triangle At Play?Hi Traders, Hope you are all doing well. As we know, last week was a very intense week for the world and we still have crazy volatility this week. I choose not to trade during times like this, although market volatility is what we need as traders to make money. However, I would rather be more certain on a position when I see a setup, rather than be unsure because of geopolitical events. Having said this, let’s have a quick squiz at GOLD. We were waiting for that daily resistance to be flipped at support. Sure enough, it happened. Fundamentals dropped the price down to flip that daily resistance as support. I saw no reason to go long once we retested that support on the daily; it’s just a giant wick. On the 1-Hour, we have a symmetrical triangle forming and I see a possible break to the upside on the near horizon. If this pattern breaks to the upside, I will then begin to start looking for possible long positions again. The MACD is showing us bulls are returning and sellers are weakening. However, this is not enough confluence for me to jump in. World events can move prices around like a hurricane and I would rather wait to see a little more stability before I start to get involved. But, we can always learn and continue to learn we shall! Keep safe and I will see you all on the next one. Vortex
OANDA:XAUUSDLong
by TheVortexTrader
Filecoin Long - triangle breakout setupAs we can see FIL has been in a bear market since april 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone The project itself is based on storing data on the blockchain, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in. I will wait to have the support verification and the DCA and TP at the Fib zone. 𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
COINBASE:FILUSDLong
by dylandias
2
GALAUSDT is testing the 0.786 Fibonacci levelThe price is testing the 0.786 Fibonacci level on the daily timeframe after a breakout from the falling wedge and a rejection from the daily resistance on 0.4$ On the 4h timeframe, the price bounced exactly on the previous support and dynamic one on 0.2$ How to approach? IF the price is going to lose the support and retest the previous support as new resistance, According to Plancton's strategy , we can set a nice order. The setup will be invalid above 0.3$ ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
14
LTC/USDT : Broke below the triangle ! BINANCE:LTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! $LTC has broke below the formed symmetrical triangle ( kinda like bearish pennant actually ) and now it just retests the broke trendline. Into macro bias has turned fully bearish; But there can be a spike into the triangle as the last dead cat bounce ! However I would like to add my short here and follow my aimed targets; But also you can wait for another break below the support zone to confirm the bearish bias even into micro terms... Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
12
VEDANTA LTD 1:4 PRICE ACTION SETUPNSE:VEDL broke out from a symmetrical triangle pattern after consolidating in it for 4 months. Bullish signs: Good breakout volume. Very few wide range red candles inside the pattern. Recent support from 30 week EMA. Strong demand at the trendline indicates the possibility of price going higher. Scrip has already given a 140% returns in the last year. Wick on the breakout candle suggest there can be some consolidation before the momentum is released. One can take a swing trade with a tight stoploss and aim for a 1:4 risk reward setup. BEWARE, THE PROBABILITY OF THIS TRADE BEING SUCCESFULL IS ENITRELY DEPENDANT ON THE TREND OF NIFTY. IF NIFTY CONTINUES TO BE BEARISH, THE STOP LOSS WILL BE HIT WHETHER IT BE A TIGHT ONE OR A DEEP ONE. One can just keep this stock on their watchlist instead of entering on the close. Targets: 400/430/470+ Place tight sl below 330 Position size accordingly if an entry is taken. HAPPY TRADING!
NSE:VEDLLong
by PriceActionSpotter