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Trianglepattren

Cronos From Crypto.com Can Be Finishing A Corrective DeclineHello Crypto traders, today we will talk about Cronos coin from Crypto.com in which we see deeper and bigger (A)-(B)-(C) correction from the highs that can be approaching the end soon. The main reason why Cronos looks corrective is an Elliott wave running triangle formation in wave (B) in the middle. In Elliott wave theory , we know that triangles cannot occur in wave (2) as part of a five-wave impulse, so it must be wave (B) which indicates for an A-B-C corrective movement. Triangles consist of five waves A-B-C-D-E. Triangles also suggest that the final leg is coming before a reversal, so in our case wave (C) before it finds the bottom. As you can see, CROUSD chart is already breaking out of wave (B) running triangle pattern and wave (C) can be already in progress. Ideal support we see at the starting point of mania cycle back in October 2021. If we also consider equality measurement of waves (A)=(C), then ideal support zone comes around 0.20 – 0.15 levels and from where we will expect a bullish reversal. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
FTX:CROUSD
by ew-forecast
3
Descending Broadening Wedge - #AAPL Descending Broadening Wedge ( Reversal pattern ) $AAPL Price makes a low and rises. We then track price as it rises away from the low. We are looking for lower highs and lower lows in a tight range. The lower highs make a falling trendline, this forms the upper boundary to our pattern. The lower lows make a lower falling trendline, this forms the lower boundary to our pattern. With the Descending Broadening Wedge formation we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge. Tall and wide patterns work better than short and narrow patterns. Descending Broadening Wedges tend to breakout upwards. Swing traders can trade the pattern from top to bottom and from bottom to top. After the trendlines are formed, as soon as price touches the upper trendline go short. Cover this short (exit the trade) when price reaches the lower trendline. As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here. When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here. The target is the first (highest) high in the pattern.
NASDAQ:AAPL
by K-alonzi
1
MATIC- breakout failure Hello everyone In the past couple of days we have seen some good momentum in the market , but sadly we can see divergence in 4 hours chart (green candle peaks on 20 Apr & 22 Apr),And we have a big shadow on the daily candle so far, Plus we had a half hearted rejection on our weekly trend line(The big red one).Consider this too, market been making higher lows on daily,but until I see a breakout on the red trend line, I think it's going down. So far, my observation shows a possible breakout of the current channel on daily and maybe we have the price in between 1.3$ and 1.225$( It depends on today's candle very much). Hope you guys make good money anyway.
M
by HubAlgo
GBPUSD - will the divergence save the market ??Hello everyone We have seen too many red candles in the past month on the daily chart of GBPUSD .Now for the continuation of price ;We have a place for the argue of the existing divergence in the market and RSI ,but remember ,the existing pattern is a triangle and the price kept making lower high's in the past month or so. In my opinion the continuation of the triangle pattern is more likely ,but in the other hand ,We have not seen such good spikes in the volume in GBPUSD since the end of Jan 2019 ,but I think this will not stop the market from the current momentum of the market .So we will have a breakout from the current support level 1.3$ and see the price enters a new channel .
by HubAlgo
FIL/USDT symmetrical triangleFIL/USDT pair is forming lower highs and higher lows following two sloping trend lines that eventually intersect. We expect that breakout can be in any direction. To determine take profit(TP) zones we can apply the measurement rule for symmetrical triangles: compute the formation height from highest high to lowest low and add to or subtract the difference from breakout price depending on the breakout direction. This time we have support zones near expected price goals (in an upward direction 21,7/23,5 and in a downward direction - 16.8/18,45) so we can set up our TP zones in that support/resistance zones.
COINBASE:FILUSD
by Deviantor_Wayne
S&P500 turned bullish A good trader has to adopt for the change in trading environment. the so long correction in s&p500 index is in a wedge shaped and now broke-out with 5 waves. the 1st confirmation for bullishness (formation of wave''E'') is set as this BO (5waves)exceeded 62% of wave 'D'. wait for 2nd confirmation ,a pullback up to 38% of new wave 'A '(4455)this week (FED int rate will be a surprise),buy above 4640 (3rd confirmation) IF all set, the S&P500 rocket will climb to reach its targets (4930,5400)during this earning season
SP:SPXLong
by selvamB
1
BTC/USDTFirst went long at $39.600, then bought some more at $41.180 (kinda nailed the retracement). Current average price is §40.390, so were in small profit at this point, around 3.3%. As long as we can stay above the diagonal support trendline oft he ascending triangle I am bullish on BTC. It looks to me as if we have gained supprt at the trendline together with the fibonacci golden pocket. As long as we can stay above the trendline I will continue to DCA into bitcoin and possibly some Altcoins. If we brake the triangle to the upside I expect price targets at around $52.000 up to $56.000, that is also the prince range where I would start to sell my positions. This would also be de 0.618 retracement of the 1D downtrend from $69.000 to $32.000 and the 0.782 fibonacci speed fan. Remember though, I am a beginning analyst and I am never a 100% sure, but the way I understood the concept of Speed Fans according to John J. Murphy, the break of the second Speed Line ( 0,618 - 0,666 in my case ) would be a massive bullish sign since it indicates a confirmation of a trend reversal. I wil keep this one updated since it it leading to me. I will use the data of this chart to determine whether it is a good time to buy some altcoins. Feel free to give feedback! Feel free to shill the next 100x to me! PS: I still have room for 1 or 2 altcoins during booming season, so feel free to share some good projects. I will share 10% profit with you if it plays out.
Long
by AnitaDollar
2