Trianglebreak
XTZ / USDTXTZ / USDT 2H Time frame. Price has approached the upper line of a descending triangle. Enter trade if/when volume picks up and price breaks out to the upside.
Take profit targets:
Target 1 - 6.9$ (approx. 3-4 %)
Target 2 - 7.2$ (approx. 7-8%)
Target 3 - 7.5$ ( approx. 12-13%)
Target 4 - 8$ (approx. 18-19%)
Feel free to like, comment, or follow me for more ideas!
Trade at your own risk!
SOL about to make moveHi all and welcome to this analysis on SOL-USDT;
this is the 4H chart and we see that SOL price is being firmly consolidating in a triangle;
I think this could go either way, but I think can upward movement is more likely.
The pattern we see here is similar to a bull flag, also the price has recently sprung back strongly from the 0.38 Fib ratio level shown.
Let's see how this pattern will develope
upward target: 210 $ or higher
downward target: 135-100 $
check for volume and confirmation in any direction if you want to trade this.
BNB / USDT (BINANCE COIN)This chart analysis is based on my personal triangle breakout analysis before the price broke out of the triangle.
As you can see, the price broke out, and this play still has a lot of potentials!
I expect the price to retrace to the Fibonacci retracement/support level to the 412-417$ range, followed by an uptrend continuation.
Take profits at:
Target 1 - 438$
Target 2 - 452$
Target 3 - 470$
Target 4 - 523$ (Long play)
Thank you for your likes, comments, and follows.
Trade at own risk!
USDCNY Testing a Triangle The price of USDCNY is establishing a new downtrend. It is structured as a 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory. After having broken down below the 38.2 per cent Fibonacci retracement level, the price action is currently testing the lower limit of the Triangle.
If it manages to break down below it as well, then the price action would be able to head towards the 61.8 per cent Fibonacci. However, a rebound from the lower limit of the Triangle would see the price action testing the 38.2 per cent Fibonacci from below. The latter is currently converging with the 50-day MA (in green), making it an even more powerful resistance level.
BTCUSD 1D (upward till resistance level)bitcoin, the price at the support line now all trying of bitcoin is getting to touch the resistance line again and will try to break it also, so the general direction is upward above 42000
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upward
Entry: above 43000
Tp.: 47250 & 49000 & 52000
Sl.: under 40000
SOLANA. READY FOR ROUND 2?This is how I would trade SOLANA USDT (30M time frame).
Based on my previous analysis, target 1 was hit, as well as target 2 (almost 40%!), but ended up retracing back to target 1.
My prediction is still that the pattern will continue upwards and ultimately hitting target 3. So definitely bullish.
Enter price when price breaks above the (new) bullish triangle.
Target 1: 179$
Target 2: 195$
Target 3: 237$
Once again, every single like, comment and follow is greatly appreciated!
Trade at your own risk!
ETHUSDT Analysis 02-09-2021 by TheSocialCryptoClubMorning,
as we could see after the big dump that involved the whole crypto sector starting from Bitcoin, a very strong support was reached where buyers made their pressure felt, keeping the price around the major support zone between 1800-2000.
After a phase of accumulation and lateralization, the volumetric profile shows us an interesting PoC (Point Of Control) in that area coinciding with our 0.618 Fibonacci calculated by CryptoFall.
Following the levels we can well notice how in the area 0.5 and 0.382 other important volumetric densities are created.
The clearly bullish price started its uptrend on 21/07/2021 to go and build a beautiful triangle that was broken as per the textbook to go and reach the 0.236 level.
In this area we could find a strong resistance from sellers looking for profit in the short term, and it could make the price retrace until it retests the breakout levels.
Important is to never buy on the run or just because you see green candles!
So it's better to wait for a good retracement and trade in Dollar Cost Average in different price zones to avoid block exposures.
The longer term Target remains always 5000 as indicated by the 0 level as indicated by CryptoFall.
Thanks for your attention.
Ethereum triangleBINANCE:ETHUSDT
The price has fallen after the 0.50 level twice
And there is a possibility that there will be a small drop again
And then to defeat the resistance can advance and after defeat
The price can climb to the ceiling of the triangle and then you can wait
Be a triangle failure
THE RED TO GREEN AND GREEN TO RED ENTRY STRATEGYHi guys
made 2 good trades using this strategy for my entries
- plot the daily open line on your charts and previous day close
- base your entries using the break of the daily open line
- use this strategy with other indicators :
ex for me i use VWAP, 9 EMA 5min and pattern such as flag or triangle to time my entries intraday
the best situation is when you have some consolidation at the daily open line level on the 5 min time frame or lower before entering the trade so it defines a clear stop zone before you take the trade
have a good one
USD/CAD: Analysis shows more decline. Price retests the broken triangle. The probable decline into a strong distribution area, where the Pivot Point support S1 is located, often acts as a magnet. The price will certainly be affected by tomorrow's fundamental news from Canada, but everything indicates a decline.
Berkshire Hathaway (BRKB) breakout the Triangle:The technical figure Triangle can be found in US company Berkshire Hathaway (BRKB) at daily chart . Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The Triangle has broken through the support line on 04/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 50 days towards 260.16 USD. According to the experts, your stop-loss order should be at 291.81 USD if you decide to enter this position.
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Buys only on a breakout above 1817Gold continues trading sideways inside of a triangle pattern. We already had some false breakouts and possible entries.
If you don't have a trade yet, then do not rush!
Wait for a breakout above 1817 - a breakout means price closing above this level!
Once we see a breakout we could then look for short term trades with targets at 1829.
This is a significant resistance at which we could see participants collecting profits.
Then if we eventually break above that level as well, we could again enter long expecting for price to reach 1855.
Whatever the case is make sure to wait for a confirmation and use a smaller lot size in market conditions like this.
If you're looking for more conservative trades, then wait for a breakout of 1829!