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Trianglebreaout

BTAI Symmetrical Triangle Breakout: Potential for 100%+ returnsBTAI has just broken out of a nice bullish symmetrical triangle formation. As you can see from my chart the breakout was backed by strong volume as it occurred at a significantly higher level of volume than seen during the consolidation phase. Now that the breakout has occurred you can also see my GMMA oscillator is dying to cross over into the green. The last and only 2 times the GMMA oscillator turned green on the 1 week chart it was followed by major price run ups. The first time we saw price rise from $5.60 in late December 2019 to $43.75 by Mid February 2020. The second time this occurred we saw price rise from $22.50 in mid April 2020 to $71 by mid July 2020. If we have another strong crossover into the green I fully expect another major run up in price. In addition to T.A I have also set a price target of $105 based on fundamental analysis. When coming to this number I was pretty conservative in my calculations and feel that the real upside may be even higher than this $105 number. Overall I am feeling very bullish on BTAI.
NASDAQ:BTAILong
by LivermoreGrahamDisciple
ONTUSDT is testing weekly resistance 🦐IF $ONT.X will have a breakout from dynamic upper resistance and static weekly resistance and flip it 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.
Long
by InkyGrip
18
TTC - D1 - TRIANGLE BREAKOUT - YES OR NO ?D1 : Yesterday^s closing below both TS and MBB with an intraday low @ 33400, close to my technical target of 33250 mentioned yesterday morning in my previous post. On going price action is showing a POTENTIAL downside triangle breakout which should be confirmed on closing basis this evening. A closing outside of the triangle would be the first signal of a trend reversal, calling for lower levels. (pls see H4 update after 9am, Swiss time) :-) May your long goes up and your short goes down. Have a great trading day All the best
BITSTAMP:BTCUSD
by Ironman8848
1
EHTH has Broken Out of Bullish Symmetrical TriangleI published the following on January 6th: Bullish symmetrical triangle has formed on EHTH... Looks like it will attempt a breakout soon which would bring some really nice upside. If a breakout occurs I expect price to easily climb back up to $90 and anticipate it could go as high as $120. Based on my fundamental analysis I have a $115 price target for EHTH which is reinforced by the indicated chart pattern.... UPDATE on January 20th..... EHTH has finally broken out of the bull symmetrical triangle and is up over 8% on the day... I expect this run up in price to continue and fully expect to reach price target 1 in the very near future.... It will be important to continue watching price action as we approach target 1 level as we may hit some resistance here, however, if we break through this price target I am confident EHTH price will reach the $110's
NASDAQ:EHTHLong
by LivermoreGrahamDisciple
5
TSLA People's ChampTSLA is no doubt the most controversial stock. It has weathered the storm of 2020 yielding incredible returns. So where to now? One thing I can see on the chart is that TSLA loves triangles!! I'm looking for a break of the most recent triangle and the break of the upper trendline along the recent RSI highs for entry. Triangle/RSI breaks appear to be preceded by tapering volume. Granted, any volume levels coming from the most recent monster volume day (12/18 = 222mm shares) looks like tapering. Let's see how this plays out.
NASDAQ:TSLALong
by NetWorthFocused
20
EOSUSDT is trying to have a breakout from monthly resistance 🦐EOSUSDT is trying to have a breakout from monthly resistance. IF the weekly candle closes above the weekly structure, 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
14