A TRIANGLE PATTERN SUGGESTING A BREAKOUT SOONWE CAN SEE A TRAINGLE PATTERN BEING FORMED SO BE READY TO TRADE
Trianglepattren
#BTC Ascending -Symmetrical -Descending Triangles.. Which one?It looks like BTC has formed a "Triangle Pattern".
Symmetrical Triangles are either Bullish or Bearish
An Ascending Triangle will break out into a long position on a break above resistance.
A Descending Triangle will enter into a short position on a break below the support line.
As we progress, we will see what theory plays out..
Comment what you think will happen
Picture Below with Triangles
prnt.sc
INFO EDGE (NAUKRI)One can think of purchasing Naukri at current levels and has to accumulate it till 4200 levels. As it price action is in triangle formation seen in the attachment image. Once breakout is confirm it can go back to previous highs in next 3 months time. So, one can initiate a buy with sl of 4050.
MATICUSDT is forming a triangle 🦐The price created a double top on the daily timeframe. Ant the moment the price is forming a triangle. Matic is under the lent thanks to Polygon and DeFi. IF the price will have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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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.
Upcoming BTC Long Entry Point1. If the triangle pattern continues like this, we will most likely see this happening.
2. The other secenario would be just consolidating here and eventually breaking through the 42k+ area.
So the entry at 32.161$ would be a great time to go for a long, in both scenarios. 🚀
Drastically (+3.5%) falling below my long entry is very unlikely.
Like if you agree 👍 Else I would be happy about constructive feedback; so let me know in the comments
BTCUSDT another triangleSell on pullback to triangle , if happen!
Stop loss and TP are specified on chart, you can use trailing stop point.
🙋 Please let me know what you think.
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🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
BTCUSDT break out triangleSell on pull back to triangle, if happen
always set reasonable stop loss .
Your trade, your risk, your responsibility
$CAMS - Strong Short term Breakout - Ascending triangle pattern
- Breakout with huge Volumes
- Shakeout may give a better Risk reward ratio
- Average price for entry can be 2430 with stoploss of 2335
PLTR Stay on the sidelines and watchPLTR is currently moving sideways, volume pattern seems right (drying up on a decline and rising on the advances). Wants to see a break of formation to the long side, and we will also be above the MA.
Bollinger is super squizzed...
Bearish continuation pattern in BitcoinBitcoin is looking overall weak and done so over the last few weeks as it constantly seems to struggle with overcoming the resistance levels above.
It is currently forming a bearish continuation triangle. If Bitcoin breaks out to the downside, which has a 70% chance of happening, then the technical target for this formation alone stands at $50,500. This does, however, by no account mean that the price cannot continue down further. That C-wave that we discussed last week is still very much in play.
With that said, Bitcoin can still recover from this fairly scot-free as its pivotal tops and bottoms are still increasingly high.
MATICUSDT has formed a triangle pattern 🚀 matic looks intresting. it can be huned on its resistanse around the bottom of triangle. the target is shown on chart
#AQOU
SOL broke out of DES/SYM Triangle, read to move forwardHello everyone, I hope you had a great week and have amazing weekend plans! Enjoy the good weather for those that are having it.
SOL has appeared to break out of the descending triangle(its more descending that symmetrical IMO).
MACD-X
Both MACD and Signal lines are above 0 and are nearing a cross. When they do, it will be a big indicator to further confirm the prediction I believe.
RSI(VOLX)
My strength of volume is based on accumlation and distribution. These options can be changed FWIW.
RSI has a steep upward slope.
Str of Vol is also right there with it.
STOCH
We've already crossed and there is a nice gap between the K and D signal. Ready to move up.
Sym/Desc. Triangle
It appears the correction and consolidation period is over and late buyers who wanted out have sold and those that want in or want to buy are ready to start doing so again.
I do not view the lower time lines from the Daily for long or much at all. I posted the 8H to just show more of why the triangle pattern I drew fits well into the idea. More data is all. But lower time lines freak me out with how much they show deviations. I hold for several days to weeks before finishing a trade.
Here's the daily chart with indicators.
We're not exactly on the DIP but with how SOL has moved in the past, right now still feels like a good time to buy.
I have an active trade from todays candle.
I predict we will come out of resistance with this uptrend in a day or so. Patience and avoiding FOMO is key.
My execution strategy will come once i see the trend is above the ATH. I'll be checking the FIB ret to estimate where it might be headed and update then. Hoping for a large big wave 1 that continues to a 161.8% larger 3rd wave. :D
Enjoy your weekend! Happy trading all!
waiting for (fly or fall)?triangle pattern
it raises to 720
it falls to 540
we should wait till tomorrow.
Triangle pattern formation on USDJPYUSDJPY is currently in an uptrend.
Most recent price action forms higher lows and lower highs, which is also known as a triangle pattern formation.
We expect to see a breakout of this triangle and trend continuation.
A close above 109,49 will confirm the breakout and then we will be looking at 110,15 level next!
Look out for our daily analysis here and for new opportunities as well!
USDJPY breakout and retest?Im Patiently wait for the breakout and retest area, I know its overall long term trend and I'm just trading with the trend
2:1 risk ratio
1hr timeframe
this is my trade analysis take it with precaution
Current BTC price action in a 4 hour timeframe4 hour chart plotting recent Bitcoin Price action based on patterns and fibonacci retracement
Re-test | Short Trade | Target: 880Timeframe: 1D
Short on re-test near 915
Target: 880
Pattern identified: Triangle Breakdown
Note: Views are personnel & for educational purpose only
Silver possible runup watch out - the GOOD and the BADThe GOOD:
We have a volume pattern that looks right. See my educational post "a TIP about Volume Reading".
We have a triangle-up pattern on going. Price already did most of the correction to the side for some time.
We MIGHT (and this is a big might) have wallstreetbets context and hype which can drive the price further up. See attached post below.
Price already been at a price of 48, so it is not complete fiction.
The BAD:
It's silver... and thus it might move very slow up.
In the "Wallstreets $35 OTM Call Options" - I discuss in detail the fundamental aspect of silver, why wallstreetbets have a hard time pushing the price up.
Given all the above: The market wants what the market wants, if the price is trending up, then the trend is up.
If you like, follow and don't forget to like it so it will be saved in your saved ideas for future refernece.
BLZ 50%+ Easy Breakout SetupBLZ cryptocurrency token made good breakout here and now moving higher
4 hour triangle breakout chart looks really good you can add long here below 0.56
Long : 0.555 - 0.565
Stop : 0.44
Target : 0.58 , 0.62 , 0.67 , 0.75 ,0.9 , 1
CRO, LOOK FOR THE BREAKOUT, ANYTIME SOON!Hello all,
When I first started with crypto, I started with Coinbase. Now I have three separate platforms that I use which are Coinbase/Coinbase Pro, Gemini and Crypto.Com. I personally am in invested in CRO as I see the platform as a booming one which would only indicate CRO to go higher.
I have the crypto.com visa card and I also have a good amount of CRO staked in the Crypto.com Defi wallet. In this chart, I show why I think CRO is about to breakout to new highs.
On the Daily Chart, I point out what looks to be an ascending triangle with the breakout possibly coming in soon.
I am not a financial advisor, I am simply posting my opinion on CRO based on technical analysis and information that I read and listen too. I wish you all the best of luck!
ATOM/USDT : Possible directions to break triangle BINANCE:ATOMUSDT
Hello everyone 😃
There are 2 directions for ATOM.
1️⃣ There is a bullish trendline below current level, Which is not very strong but it can a be good reversal point for ATOM and make enough potential to break triangle's high...
2️⃣ My 2nd vision is based on S&R conduct, If ATOM rejects to hold above trendline;
Then it will retest lower support lines.
There are several located support levels which can be a minor reversal point for ATOM !
📍 Also on daily view, ATOM formed a bullish flag !
📌 Majority is triangle, If ATOM breaks triangle and take hold above it. Then it will be possible for ATOM to see new ATH !!
🔴 All of this setups are valid before minor correction that we mentioned on our BTC exclusive update..
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
