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Trianglebreak

AMC's decreasing triangle - waiting for its breakoutAMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima. Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the appex,it is a better option to wait until the price of the shares breaks the triangle in any direction. Once it breaks, operating in the direction of the new trend could be a potential strategy. We'll keep track of this share price evolution
NYSE:AMC
by mar_lpz
MANA USDT 2H Here's how I would trade MANA / USDT 2H: If the price breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: Entry point - approx 5.03$ TG1 - 5.2$ TG2 - 5.4$ TG3 - 5.6$ TG4 - 5.7$ TG5 - 6.4$ ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely! ------------------ About Decentraland: "Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize. Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences. Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace." Source: Coinmarketcap.com
Long
by Droz_TA
2
$AMC - Weekly Swing Trade OpportunityWe've got a very simple trade thesis today! AMC has been consolidating for the past five months after it's insane run to 72$. After such long consolidation, we're finally nearing the end of our wedge, meaning AMC is primed to make a large move to the upside OR downside. I will be eagerly eyeing this ticker, and will play a break to either direction as I've got no personal biases. Regardless of the direction, the move will be explosive. Have your alerts set!
NYSE:AMC
by FluxTrades
Prepare for the Doge Pounce!Using Elliott Wave theory, Doge is consolidating within a triangle. Ending its ABCDE(pink) wave at the Pounce Zone. Pouncing 5 waves(white) up to 0.57 - 0.58 before taking another breather for another pounce! If targets are met, a cup and handle might form. But as always doge price action is reactive to doge master, Elon. Charts won't matter then. BTC price action plays a part as well. Not financial advice. Only for reference and educational purposes. Trade at your own risk and use risk management.
by investdimsum
AVAX / USDT; Symmetrical triangle formation (another one!)We could see a breakout on this symmetrical triangle very soon. AVAX / USDT 4H. If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 89.6$ TG2 - 92.5$ TG3 - 95.2$ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely!
Long
by Droz_TA
1
ADA / USDT: Triangle formation, already broken out?!According to this analysis on ADA / USDT 4H, the price has already broken out of the triangle. As the RSI approaches oversold condition, my guess would be that the price would bounce off the upper line of the triangle and make a move upwards. Take profit ideas: TG1 - 2.33$ TG2 - 2.55$ TG 3 - 2.73$ TG4 - 2.93$ These are longer-term targets than some of my other chart analyses. I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely!
Long
by Droz_TA
5
XRP Triangle Breakout Trade Idea #XRP A symmetrical triangle occurs when the up and down movements of an assets price are confined to a smaller and smaller area over time. A move up isn't quite as high as the last move up, and a move down doesn't quite reach as low as the last move down. The price moves are creating lower swing highs and lower swing lows. XRP is showing a fantastic breakout to the upside. There is 3 very strong patterns that have happened: 1-Triangle Breakout 2-A retest of the breakout 3-Bull Flag formed from the Breakout with the 3 Red Inside Candles. How I like to trade: Best Entry is the retest of the breakout StopLoss: In this case, we have a Clear StopLoss below the 3 Red Candles Targets: 1 at 50% and target 2 at the full measured move. Happy trading. Please support our work with like and comments. #XRP #CRYPTO #CHARTPATTERN
BITFINEX:XRPUSDLong
by ppatrading101
COTI 4H Chart - RSI breakoutCOTI is in a large ascending triangle pattern and recently touched the bottom trendline. Also RSI just broke out of the trend upwards. We can see a nice moving upwards coming. I noted the resistance areas with the R's. I've been tracking COTI for a while. Check out my other ideas below! What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:COTIUSDLong
by MillionaireEconomics
ALGO triangle breakout incomingALGO is a layer-one protocol that has been relatively flying under the radar of late. There are a TON of projects now being built atop it due to its excellent technical properties such as high throughput and extremely low transaction fees relative to ETH. Technicals are looking really solid, with a clear symmetrical triangle pattern forming since early September. As a continuation pattern, it is more likely to break to the upside than the downside though we need to be prepared for either option. ALGOUSD is especially likely to break to the upside if bitcoin continues to hold current levels or continue its upward trend as it has been. Keeping a close eye on volume in coming days.
Long
by ModernVampire
1
What's next for MATIC / USDT?A beautiful symmetrical triangle formation on MATIC / USDT daily frame. RSI shows oversold condition. The MACD indicator shows that a downward price trend is likely to occur. Will this bounce of the bottom line and eventually break out to the upside? If the price breaks out of the triangle in an upward sloping trend - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG 1 - 2.67$ TG2 - 3.028$ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely!
MLong
by Droz_TA
1