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Trianglebreak

USDJPY - Triangle Break expectedHi Traders! As you can see, the market is moving in a descending Triangle after an Upmovement. Furthermore, it is moving in a Range. We also have Lower Highs which shows bearish strength. Additional Confirmation: It looks like the 50 MA is going to cross the 200 MA bearish. This would be a golden cross then. The target is the 61.8% Fibonacci Retracement which is at the H4-Trendline. We recommend to enter underneath the 200MA! Thanks and successful Trading :-)!
Short
by swissmoneymakers
MATICUSDT is testing the demand zone 🦐MATICUSDT is testing the demand zone 🦐 inside a triangle. IF the price will have a breakout from the daily resistance and turn into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
MLong
by InkyGrip
4
ALGOUSDT could retest 0.75$ 🦐ALGOUSDT could retest 0.75$ on weekly support after the price lost an important daily support and retested it as new resistance. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
10
ASCENDING TRIANGLE, IMMINENT BREAKOUTAES CORPORATION : Text book ascending triangle . Ascending triangle patterns usually occur in trends and acts as a continuation pattern. It's defined by a bullish trending move followed by two or more equal highs and a series of higher lows. The pattern is complete when price breaks above the horizontal resistance area. The pattern is considered successful if price extends beyond the breakout point for at least the same distance as the pattern width. Watch for a break of the 29 level with a potential target to 34. Success rate: about 70% Trade safe.
NYSE:AESLong
by Elpidaldo
4
AMC Testing Pi ResistanceInteresting way to look at the fibs here on AMC By measuring the first AMC swing which resulted in a symmetrical triangle consolidation we can see that the breakout which occurred from that has extended 3.14 times the distance of the first wave. Along with the fact that we formed a strong RSI bearish divergence here at all time highs was a strong reason for AMC to take a breath and consolidate. We can see that another symmetrical triangle is being formed... and this gives us a bullish bias going forth. If AMC does ever break down from the triangle then a retest of $20 seems to be on the table.
NYSE:AMC
by portfoliokingsllc
TFUELUSDT is ready for the new highs! 🦐after our previous idea with nice profits the price is creating a bullish triangle. IF the price will have a breakout and retest the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
16
ETH Triangle Breakout or Still Consolidating?Ethereum's (ETH) price has been squeezing in a relatively tight range resembling a symmetrical triangle. From here, we have two trading scenarios: either the range becomes tighter as the price gets squeezed in between the upper triangle resistance and lower triangle support, or a breakout to the downside might be in the cards. Playing the Breakout The symmetrical triangle is a neutral chart pattern, but the downside breakout might carry more weight since the prevailing trend is bearish. A breakout of the upper sloping trendline can expose the 200-day moving average, which right now comes at around $1,832. The 200-day MA is above the most recent swing low, which comes at $1,730. This might be a positive development for the bulls since the bears will first need to overcome two major support levels that come together into a single place. Support and Resistance Levels: Key support and resistance levels to watch come at the $2,900 - $3,000 price zone, and the $2,200 - $2,280 price zone. RSI Bearish Momentum Buildup Another development that might get the bulls worried is the RSI bearish momentum buildup. The RSI indicator readings have been below the 50 level during the entire time ETH was trapped inside the symmetrical triangle pattern. An RSI reading below 50 usually indicates bearish momentum pressure.
BITSTAMP:ETHUSD
by cryptohopper
1