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Trianglepattren

TSLA - Poised for a breakup soon?TSLA has been in a descending Triangle Pattern which in theory has a greater odds of breaking to the down side eventually. nHowever, it is looking like the bulls will win this time. RSI is now well above 50, signaling strength. Plus we have a strong close right at the trendline "resistence" yesterday. A breakup looks very likely today and I am expecting it to reach 764-780 in the coming weeks. However, earnings are coming up shortly on 21 July (perhaps market is expecting a positive earnings surprise but bear in mind there are always risks involved trading into earnings). Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NASDAQ:TSLALong
by Juliac
5
JM FINANCIALHye friends Keep eye on JM financial. it can give breakout on monthly chart basis. One can long in this stock after 102 price. Be cautious while taking position. it needs to sustain. Quantiti should not be more than 500. Entry will be above - 102 Sl - entry day daily...low Target - Let it go...let it fly freely Make position as per your risk reward ratio. This is only for educational purpose, take advice from your financial advisor before taking any position. Thank you.
BSE:JMFINANCILLong
by rds352121
BTC on the Daily 🦬*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== Using naked price action Analysis. 🔸 finally see some structure with higher lows and lower highs (triangle formation) 🔸 established levels on the daily and 1hr chart (plus 15, 5 and 1 min chart for scalping) 🔸 added 21 EMA, the ADX / DI indicators just to compare methods 🔸 On-chain data indicates retail newbies FOMO'd into BTC after Tesla announcement (X factor) in Feb, then sold at a loss out of Fear in May. I'm still BULLISH AF. We are still on track and in an uptrend. If in doubt, scale-out. In this case, remove the X factor which massively influenced the market (whale manipulation between Feb - May, ie TESLA / MUSK FUD) and we are back on track in the $35K zone where we originally left off in Feb 😉 As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC. This is not Financial Advice. Good chat.🤖
Long
by CryptoZani
2
ALGOUSDT could retest 0.75$ 🦐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
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
ADABTC is testing an important trendline 🦐ADABTC is testing an important trendline after the price created a triangle. IF the price will have a breakout downward and flip the current support (daily one) into new resistance, we can see a retest of the weekly support (red one). 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
2
BTCUSD - Weekend Outlook - Elliott Wave AnalysisGuys Bitcoin has been in a very complex correction since the end of the recent May 19th decline. It has formed a sideways pennant / triangle consisting of ABCDE Legs of 3-5-3-5-3. I believe we have now come to the end of this correction since the Overthrow of the E Leg high at 39407.55 on June 3rd. Price has shown bearish impulsive price action on Friday to the other side of the triangle and is now correcting back into the triangle where I anticipate a small abc correction up to about 38000 where I will look for shorts to enter the market for a 3rd Leg decline. Good luck and safe trading!
CAPITALCOM:BTCUSDShort
by AsproTrader