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Trianglebreak

KCSUSDT is ready to explode?On the daily timeframe, the price is testing the upper trendline of the big pennant, exactly 19.5$ on 0.618 Fibonacci level and the price is going to create a Cup and handle as well. On the 4h Timeframe the price had a rejection from the 21.2 Resistance and now it's testing the previous weekly support. How to approach? the price could have a false breakout of 19$. In that area the market finds the liquidity for a new bullish impulse. the price needs to have a breakout from the 21.2 Big resistance. So, IF the price is going to have a breakout from 21.2, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
38
HNTUSDT is trying to create a new Higher highThe price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$. The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance. On 4h Timeframe the price is trying to create a new higher high. How to approach? We are waiting for the breakout from the key level and applying our rules for a long position. As you can see on the left, just a breakout is not enough to open a new long position, so we will wait even for our rules. Next daily resistance is 28$, don't miss it –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
HLong
by InkyGrip
2
BTC - UNCERTAINTY AND INDECISION ...WEEKLY (W1) The weekly picture is showing a BREAKOUT ATTEMPT to cross over the top of the WEEKLY CLOUDS resistance area @ 47'407- Wait for either VALIDATION or I NVALIDATION by the ongoing weekly closing level. DAILY (D1) Sideways price action caught in a relatively narrow trading range which is showing some uncertainty and indecision about further development. Yesterday's closing price @ 45'820 was below the TENKAN-SEN (45'925) and today's ongoing price action is showing a recovery attempt above the TS, which today @ 46'167after having been supported by the ongoing uptrend support line, currently @ 45'565 LEVELS TO WATCH (daily closing basis ! : UPSIDE : R1 :46'167 R2 : 47'218 R3 : 48'234 A DAILY CLOSING ABOVE 48'234 WOULD CONFIRM FURTHER UPSIDE TOWARDS THE PSYCHOLOGICAL 50'000 RESISTANCE LEVEL AHEAD OF THE VERY IMPORTANT 50'975 LEVEL WHICH IS THE WEEKLY KIJUN-SEN ! DOWNSIDE : S1 : 45'565 S2 : 44'159 (38.2% Fib ret) S3 : 42'900 (50% Fib ret & KS) RSI @ 61.36, below its uptrend support line and the LAGGING LINE moving in a SIDEWAYS mode. A DAILY CLOSING BELOW 44'650 WOULD PUT IN TROUBLE THE STILL VALID TRIANGLE PATTERN TARGETING 57'620 4 HOURS (H4) Currently roughly IN THE MIDDLE OF THE H4 CLOUDS SUPPORT AREA, caught between the KIJUN-SEN in support @ 45'982 and the TENKAN-SEN in resistance @ 46'391. Watch the upcoming H4 closing to get more clues about further development then watch the CLOUDS and respectively : 46'785 on the upside 44'493 on the downside A FAILURE TO HOLD AND CLOSE ON H4 time frame above the clouds bottom level @ 44'493 would corroborate the implications previously mentioned in D1 1 HOUR (H1) WATCH THE CLOUDS TOO as a good leading indicator in this H1 time frame. The bottom of the clouds coinciding also with the H1 Tenkan-Sen level @ 45'985 ! As usual monitor closely intraday shorter time frames which will help you to catch early signals which will validate or invalidate the implication of the scenario mentioned in longer time frames. Have a nice Sunday (Winter is back in Switzerland...) All the best and take care IRONMAN8848. & Jean-Pierre Burki www.tradingview.com
BITSTAMP:BTCUSD
by Ironman8848
3
LITUSDT is creating a triangleThe price had a breakout from the dynamic resistance on the daily timeframe after a retest at 1.23$. The market created a double bottom on it. On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle, where the resistance is the daily resistance. Be aware of the supply zone (circle) where the price had an accumulation before a new bearish impulse. How to approach? We are waiting for the breakout from the triangle and retest the previous resistance (daily) as new support.. If the price is going to have a breakout from the supply zone, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
LLong
by InkyGrip
16
Triangles, triangles and more trianglesOne of the best trading pattern, that you'll find in every market, are triangles. They are amazing because of a few key benefits: Very easy to spot. Clear way to measure them. They are continuation patterns, so you're not fighting against a trend. They are easy to indicate brakes or fakeouts. This is a great article about them: www.investopedia.com Looking at AVAX/BTC we have a beautiful and clear triangle (it can be seeing as a bullish wedge also) that is breaking up the downtrend and giving us the best confirmation we can see: RETEST. This can mean many things, the altcoin season may be coming soon, confirmation of AVAX strength over BTC and other coins, demostrating the good development of the AVAX network as fundamentals. But we should always have a target in mind. So, if the retest is validated and we find support in the MA 50 weekly and the bullmarket band we will be targeting the ATH for AVAX and from there confirming the altseason or just a quick movement against BTC. Remember that for this to happen BTC has to be bullish as, usually, when BTC moves up some altcoins explode.
Long
by CriptoJoe
3