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Trianglepattren

BTC\USDA quick BTC/USD update: At the moment, BTC is testing its crucial Descending Resistance Line of its Triangle Pattern as well as testing its crucial Resistance Area. Note that BTC has found resistance from this Descending Resistance Line 3 times previous and you can clearly see the interactions of the previous Daily Candles with this Resistance/Support area. Note that the APEX of the Triangle Pattern is located around the 23rd April 2022. At the moment of typing this, BTC is back above its Least Squares Moving Average (LSMA) as well as back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. Note that BTC is back above its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. At the Moment of typing this, BTC is still in the Bearish Zone of the Ichimoku Cloud. Note that Leading Span A (Senkou Span A) Resistance Line is located in the same spot as the Resistance Area that BTC is testing. Looking at the Trend-Based Fib Extension, we can see that the 0.236 level is also located at BTC’s crucial Resistance Area. Note that this is the first time since the 10th March that the daily Volume Bar has been above its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating a spike in Positive Momentum with the +DI (Green Line) rising to 22.04. Negative Momentum has dropped with the -DI (Red Line) dropping to 19.89. Note that the +DI (Green line) is now back above the -DI (Red Line) indicating Positive Momentum is stronger than Negative Momentum on this 1 day timeframe. Note that we have to be careful because the overall Trend Strength is still very weak with the ADX (Orange Line) at 15.39 way below the 20 Threshold (Black Dashed Line) and is still also below its 9 Period EMA (Black Line) which is at 17.64. Tonight’s daily candle close will be a very interesting one to watch. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
SSSE - Shanghai Composite -The China Will Help Russia?This Chart Suggests That China Will Help Russia A negative mood in China could be reaching an extreme. Reports over the weekend are stating that Russia has asked China for military and economic assistance as its invasion of Ukraine gets bogged down. A new Sino-Russia friendship pact was formed just before Russia launched its assault, with Putin and Xi Jinping best of buddies at the Winter Olympics. With Western sanctions impacting the Russian economy, it’s abundantly clear that China is now the key in this geo-political crisis. China has a choice of whether to help Russia, by buying its oil, etc... or to put pressure on Putin to stop his imperialistic ambitions. The chart above is a clue that China will choose the former route. The chart shows the progression of negative social mood in China since 2007, with that mood trend driving a bear market in the Shanghai Composite index. The pattern is a triangle, very similar to that seen in the Russian RTS$ index which caused to forecast that Russia would invade Ukraine. Primary degree wave (C) of the triangle equaled 0.618 of the length of wave (A), a solid clue that the pattern is correct. The advance in wave (D) might still be operation but it’s interesting that, although not a classic triangle ratio, the proposed wave (D) ending in September 2021 equaled a Phi-related 0.382 of the length of wave (B). So, if this wave count is correct in the Shanghai Composite index, Primary degree wave (E) is already in operation. Negative mood expressions such as widespread Covid-lockdowns could already be a manifestation of this wave, which can be expected to be the point at which negative mood reaches an extreme. (Note that regardless of whether the Shanghai Composite is already in wave E or still in the latter throes of wave (D), in either case the larger degree bear market is 15 years old and counting.) The negative mood extreme could very probably drive China to go all-in in siding with Russia. Crisis and opportunity indeed.
C
by ferGOD
3
No more price HIKE in Oil priceHellow traders! Everyone is worried about the global Oil price Hikes, we can see price hikes on daily basis. The price is not only rising up in non-OPEC countries but we can see very high rates also in oil-producing countries. Looks like there is nothing to worry more about Oil price Hike as we can see in the chart that it will dive quicker than its previous rise. The chart formed expanding triangle pattern after the breakout of the trendline. Normally it was supposed to drop from 66$ but because Oil-producing countries wanted to hike the price to cover their pandemic losses so they kept pushing up. That's why we can also see some abnormal behavior in the chart. The breakout from the top trendline of expanding pattern is called a death point because after that we will see the change in the trend and the change has started. Now let's talk about the target. The price at 28.7 is the price where it's compulsory for the market to hit that price. It can't go anywhere without touching that point because it's an untested point and looks like formation is also completed and it is ready to touch 28.7$. Don't forget to hit the like button and follow to stay connected
TVC:USOILShort
by Aadil1000x
3
#Perlusdt Mid to long-term analysis.Perl was moving in a perfect triangle before bitcoin crash yesterday and was about to fly. But now this btc dump has extended it's time period moving inside triangle. Close above 0.10 will start it's uptrend again up-to 0.4-0.45$ in mid-term to long-term. Close below 0.05 will invalidate the structure and then we will have to wait for next structure formation. I personally think once BTC will stabilize this gem can give you 3 to 5x returns in mid-term to long-term time period. Do your own research always before investing. If you like my work kindly do like and follow.
P
by Furqannasir1
RCL | Bull Dragon Pattern | upcoming Triangle Breakout SetupPrice Action and Chart Pattern Trading Setup > Bullish Dragon Pattern with upcoming triangle breakout ENTRY setup above EMA200 and Volume Profile Point of control 44.50 > 1st Target upcoming TAIL HOOK fibo 0.5-0.618 > 2nd target at DRAGON HUMP 0.618-0.786 > 3rd target DRAGON HEAD 0.786-1.0 > Tail extended target DRAGON HORN ZONE 1.0-1.618 Indicator: > Smart Money and Banker Chip important level support at Triangle A position > Fund flow trend reversal into positive distribution phase > KDJ Stochastic strong uptrend > Banker BBD positive trend above baseline 0 Fundamental Factor: > positive BDI index +5% vs last week above 2000. > CCFI Container Index still at high level en.macromicro.me Risk ratio: 2.5:1 for short term target tailhook position or dragon hump trade and 3:1 Always trade with affordable risk and respect your stop loss Good Luck
SET:RCLLong
by dukeposh
SXP - LONG-TERM Woop, good morning traders, Look at SXP, whether it is deepest bottom or not. Actually, I never try to guess what will happen. I just look at candle stick, it always say a story to you. Current now, SXP has some key points : 1. Triangle pattern had been created and price broke bottom trend line. 2. At local strong support 2.0-2.3, bearish engulfing pattern had been completed, that mean retest fail. 3. RSI triangle also broke and under 50, it will move quickly to overbought area when price drops deeper. By these analysts above, highly price will sink deeper to 0.7-1.0. Now, just keep patient and observe
by Viktortea
SHIB is moving in a bearish triangle pattern, What's next goal?As you can see on the chart, Shiba is moving in a big bearish triangle pattern for about 10 Days! What we expect from Shiba and what is the next move, Is dependent on the market & Bitcoin situation, I'm still bearish on BTC, You can see my last analysis on that coin. Now for Shiba, I expect to see a little sideway movement and then a breakout from the downside of the triangle. In this case, The next target is major support which I have drawn oh the chart. Although there is a possibility of breaking this triangle from above, but I prefer to consider a small probability for it.
Short
by TahaZargar
GUJALKALI is ready to buy for positional trade. NSE:GUJALKALI Aim for 6-8% . It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. It is an analysis video. Take your decision on your own. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:GUJALKALILong
by Chartmaniac