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Trianglepattren

⭕️SELL NZDJPY ❗️🔰You see the analysis of the New Zealand Dollar against the Japanese Yen in 30 minutes ( NZDJPY , m30)🔎 🔰SELL Limit NZDJPY at 85.950 ✅TP ; 85.350 ❌SL ; 86.100 🔰As it is clear from the image, the price is moving in a triangle pattern, due to the presence of the price in the triangle resistance line (the bearish white line) the sale in this range seems to be low risk. The target is placed at the triangle support line (white ascending line) 👌 ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 _______________________📈TRADER STREET📉________________________
Short
by TRADER_STREET
1
Crude Oil Idea Nr_one (WTI)Hello Traders This is my opinion on Crude Oil. The price is at strong resistance: - Trendline --> Dec./ Jan. Highs & Jan.- Mar. Lows - 78.6 Fib --> Mar. Rally - Resistance --> 1 & 4 April Lows - 50 Day EMA @ 99.29 - Descending Triangle on Price and TDI (RSI) The price will probably push back from strong resistance I mentioned, between ~98 & ~99 and move lower till the 50% Fib. support at 95.90 and the triangle support + the March low at 93.50. A break through will give the price more downside Momentum till the support levels below: - Oct. / Nov. highs @ ~85 - 161.8 Fib. Retracement --> March Rally - Very Strong Support between ~ 75 & ~77 --> 78.6 Fib. Retracement from March highs + Oct. '18 & Jul. '21 highs + 2022 Open Long-term I think the price will go higher again up to the 2008 high @ ~150 maybe more.
TVC:USOIL
by FiXTUX
2
KCSUSDT is ready to explode?On the daily timeframe, the price is testing the upper trendline of the big pennant, exactly 19.5$ on 0.618 Fibonacci level and the price is going to create a Cup and handle as well. On the 4h Timeframe the price had a rejection from the 21.2 Resistance and now it's testing the previous weekly support. How to approach? the price could have a false breakout of 19$. In that area the market finds the liquidity for a new bullish impulse. the price needs to have a breakout from the 21.2 Big resistance. So, IF the price is going to have a breakout from 21.2, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
38
typical triangle pattern btc go to 50k.just moment ago, ideal triangle pattern formed. price looks likely go up up to 50k, and falling price movement is actually very good sign. 4h chart show us that price still have room to rise to 50k. 15m chart show us that price movement formed a ideal triangle chart. i bought short at 47200.(after waiting very very long time) and i will buy long at 45300 ( Test points above the 4 hour chart, and bottom of triangle pattern) if price go below 45300 i expect price will bounce at 44900. (and form rising wedge.) stop loss 44700 ( if price go down to 44700, then i expect price go down to 43700, tp1, typical triangle pattern.)
BINANCE:BTCUSDLong
by LeeBit
3
HNTUSDT is trying to create a new Higher highThe price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$. The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance. On 4h Timeframe the price is trying to create a new higher high. How to approach? We are waiting for the breakout from the key level and applying our rules for a long position. As you can see on the left, just a breakout is not enough to open a new long position, so we will wait even for our rules. Next daily resistance is 28$, don't miss it –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
HLong
by InkyGrip
2
The New Case In BITCOINOur long-standing case in Bitcoin now needs some revision in terms of a technical update. First and foremost, and as anyone knows who’s followed me here on TradingView for some time now, you know I don’t do raw TA - and especially not when it comes to Bitcoin and crypto. No, I build cases. That’s why we land on our feet whilst most others crash and burn. So what then is raw TA and moreover: what is a case? Raw TA is simply to look at the underlying but without any context whatsoever, neither internal nor external. Building a case, on the other hand, is to contextualizes things. It's a way to add on new and relevant and independent technicals and to revoke obsolete ones. But most importantly it’s to connect the interconnected. In the case of Bitcoin I therefore add the strongest relevant technicals together in a constant flux. But even more so, it’s about comparing Bitcoin to mining companies and alt coins. By doing so we acquire a far more superior and holistic view in terms of risk and reward than could otherwise be attained. A case versus brute TA is like three dimensions versus two. This building of cases is particularly of value to us at this very moment. It is precisely what we’ll discuss in today’s analysis. Lately here on TradingView we've talked about how Bitcoin was preparing for a buy setup based on three individual technical criteria. First we had the symmetrical triangle in the RSI on the daily chart in Bitcoin. This alone was never a buy signal, but rather a premature notification of upwards power to follow. A turbo, if you may. Secondly - and the key aspect in this entire case - we had an ascending triangle in Bitcoin. Naturally, this would never break out unless the RSI were to break out first. Now we’ve had that triangle breakout and thus two of our three points are nicely checked. That leaves us with the third and final one. The black sheep in this case equation, namely Marathon Digital Holdings. Whilst Bitcoin took off by ten percent or so last weekend, I did expect a proportionate reaction in Marathon too … a blast through the horizontal resistance. Yet, on Monday we saw no such thing. Initially, the stock made a futile attempt at breaking above, but it didn’t take long before it was back again in its God forgotten channel. And this is where things get truly interesting and relevant. This is where our case begins, for as most inexperienced traders will base their entire position on the triangle breakout in Bitcoin, we know that such move will be limited unless Marathon follows suit. For as long as Marathon is stuck in its range, there’s no way in hell Bitcoin will proceed up with free reign. For when Bitcoin runs … on the fairly rare occasions when it trends strongly and persistently … that’s when Marathon has its time to shine by grossly over performing versus that of Bitcoin’s spot price. But by staying pat in its range and thus showing immense weakness and hesitation, it naturally follows that Bitcoin’s going nowhere. Had Marathon broken out to the upside on Monday, however, it’d be completely different story. Instead, it’s start-of-the-week disengagement caused me to take another look at Bitcoin to revise our case. What I found was this: a diagonal resistance line that perfectly fits the Marathon bill. And if we expand on this diagonal line, we quickly notice how it in fact amounts to an ascending channel … or a bear flag if you may … for that’s precisely what it is until proven otherwise. Now, bear flag or not, it doesn’t mean it’ll break out to the downside. We still have several check mate technical arguments for this area being a reversal point. We’re talking strong ones like the lower bullish red signals and the ABCDE triangle that is still fully in play. In this sense, I am still bullishly optimistic. But be that as it may. We still don’t take longs at technical resistance! It’s just too risky. Going long here is far more dangerous than doing so here, once the price has broken out on the upside. The ideal scenario right now would be for Bitcoin and Marathon to consolidate right below their respective resistances. Yet, as counter intuitive as it may sound, such price action has a predominant bias to result in long-lasting and strong moves to the upside (or downside had it occurred at support). With that said, if we can get breakouts in Bitcoin and (!) Marathon, then chances are we’re in for quite a ride. But no break, no take. On a final note, this is precisely why our case approaches are of such high value. Had it not been for Marathon’s failure to follow suit, we’d be long stuck in a potentially fast-waning, high risk breakout. Now, by updating and adapting our case to the new interconnected data, we can stay out of the way and rather target a low risk breakout rather being stuck in high risk volatility. On that note, I wish you all a kick-butt awesome weekend!
BITSTAMP:BTCUSD
by LongLifeTrading
SHIBA Points To Starting Point Of Cycle ManiaHello Crypto traders! Let's talk about memecoin Shiba Inu (SHIBUSD) in which we see very interesting pattern. The book says: Every mania is followed by a decline that ends at the starting point of the advance. SHIBA can be still looking for wave (C) sell-off that can send the price back down to 0.*10 – 0.*05 support zone and beginning of mania cycle, especially if we consider current sideways bearish running triangle pattern in wave (B) that can be approaching the end soon. Be humble and trade smart! 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.
Short
by ew-forecast
2
A sign of trend reversal in AMC? The Elephant in the room...NYSE:AMC I'll keep the write up short and let the chart speak to you, but a few observations here that a lot of people just won't talk about: 1. Since the runup to $72 AMC has continuously set lower highs. 2. From the peak of $72 in June to the end of November, AMC was successful in countering the lower highs with higher lows. 3. End of Nov AMC broke its major structure created during the run up in June. This pushed AMC to a ascending parallel channel created by the Feb runup, retracement, and the initial kick of the June run. 4. Price discovery During June-Nov respected the entire range of the first June weekly candle. 5. Again, Nov we see a break down out of the Alpha structure to its predominate structure. This was a a warning sign - IN RESEPCT TO TECHNICAL ANALYSIS ONLY. 6. This is when Lower Lows start taking place, working with the lower highs to push the price discovery back down to the range of the last May weekly candle. 7. Dec-Jan we see a case of larger price range as compared to the candle bodies, showing indecision and buyer exhaustion. The first candle body to close outside this range pushed the price down to a new (most current) range. Lower lows and Lower highs have continued through this period. 8. It is also important to recognize the level of support that was broken (created during the Jan - May run. This support and the broken support during June-Nov resistance creates a channel - keep this in mind going forward. 9. Overall, since the run up, AMC has found that is it trading at lower and lower consolidation levels. and lastly.... 10. Not one weekly candle body has closed over its active consolidation levels since June 21'. UNTILL NOW. This in mind, outside of EVERYTHING ELSE besides this chart, its a very positive indication for AMC. This has NOT happened since BEFORE the June run up. Continued... I thought I could stop. I can't. What I am looking for as CONFIRMATION of my bullish feeling (not letting my emotion get to me this time) is a weekly candle that does 1 of 2 things: A. Closes above the swing high created in Dec - this would be >$30 - This is honestly a very hard feat in 5 trading days. This though would not only break the LLLH trend but also push through the descending resistance created at the top of the Jun run AND push through the ascending level of resistance (once support but broken in Jan 22') that creates the lower part of the ascending parallel channel. This is BEST case. This is also NOT as probable as scenario B... B. A weekly close slightly above the 2 mentioned levels of resistance. This is more achievable in my mind from a PURE TA perspective. It won't be easy. Keep in mind the REALITY of the chart. LL, LH - multiple structure breaks to the downside. These are facts. We must talk about the elephant in the room... I will keep this short. Look at the chart, find the next (lower) structure). Until the trend is officially broken, it is telling us that the next structure sellers are targeting is $8.93-14.05. Yes I said it. I will also say this: it is more probable than scenario A. The fact that we got a weekly close out of the current range is a GREAT SIGN that buyers are stepping in again. I suspect major resistance at $22-24 (in regards to this week only). Lets recognize the dilution factor. 5x since the Jan 21' runup. Even at current prices (when compared to the $72 high) the company is MUCH more valuable. It is simple math. The amount of buying pressure needed to get back to this price discovery would need to be MUCH greater than the prior buying pressure. THINK ABOUT MARKET CAP - especially when creating a personal PT. This is a cold hard question that NEEDS to be asked: can a company that runs from dollars to the low 70's sustain that price discovery under the conditions of dilution. This was AMC's biggest "hiccup". Yes this is a fundamental argument, but it DOES factor into TA. In TA you need a PT and SL to create a trading plan - market cap MUST be considered. Keep this in mind going forward with AMC. Disclosure - I am LONG on AMC and have been since Jan 21 <$5 and I have been selling covered calls since NOV when I first noticed the major trend changes - this has served me VERY well and has put me in a position that I was able to accumulate more AMC at $20. Although I will not participate in calls this time, I will slow my selling of them. I LIKE what I see STARTING to develop but I will be PATIENT as to NOT get too excited...yet..until I see what the EOW brings. Please consider the fact I am not taking into consideration ANYTHING outside the chart.. I did not keep this short. No pun intended.
NYSE:AMCLong
by OccamsPhazer
33