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Trianglepattren

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!
CLong
by ThreePillarsTrading3
3
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
Long
by Helical_Trades
8
BTCUSDT 4H | Bitcoin market overview: TriangleHello, dear subscribers! In the previous review, we looked at the price decline as the most likely development of events in the bitcoin market. We outlined the support and resistance zones. Since then, the bitcoin price has fluctuated between $54,000 and $60,000. In recent days, buyers have been battling sellers for the $58,000 level. The bulls managed to briefly hold above the $58,000 level, but time after time they were squeezed by the bears below $58,000. The bitcoin price has drawn a " triangle" pattern. The closer the price is to the top of the triangle, the more likely it becomes that the price will exit the triangle. The subsequent price movement after the exit is usually the height of the triangle, which in this case is $7,000. It follows that the movement targets will be $51,000 or $66,000, in case the bears or bulls win. According to the MACD and RSI indicators, we are in a downward price cycle. The OBV indicator is above the support zone of the buyers - 2.15M near its maximum values of 2.25M. In the coming days we will see which side, buyers or sellers will win. Subscribe to the channel and stay tuned!
Short
by CatalystsFinance
$USDCHF - Triangle breakoutHi guys! 👋🏻 🔔 US Dollar gains ahead of FOMC meeting, despite negative housing stats and building permits data, +0.50% against the Swiss Franc. 🔔 The year has started unfortunate for the Swiss Franc as the CHF lost 6.33% to GBP, 2.15 to Euro and 5% to Australian Dollar. 🔔 The negative rates kept by the SNB, causing the inflation to remain negative, for the second month in a row the inflation in Switzerland remains -0.5%. Though the deflation has significantly improved, according to the data the state is still in deflation mode for a consecutive year. Incomes of the Swiss National Bank have dropped significantly in 2020, resulting in a total loss of 27,982.1M CHF. 🔔 USD/CHF is in a correction mode in a whole week since March 10, after a trend reversal early this year. The breakout from the descending ending diagonal supported the uptrend of the US Dollar against the Swiss Franc. 🔔 4-Hour chart of the pair suggests that the uptrend continuation of the pair is possible after a confirmed breakout from the triangle. 🔔 The breakout from this triangle will trigger a jump towards $0.93760 and $0.94750 above the local high. The uptrend is supported by RSI and MACD indicators as well as the EMA50. The volatility during the FOMC meetings will create a bumpy road for the price’s ongoing trend-continuation, hence it is highly recommended to keep eye on key levels, supports and resistances, one important resistance lies at $0.93140. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
GME Finding Resistance at 260 Level Healthy after a large price increase to move sideways and consolidate. My question with GME is the possible 80% trading swing while it consolidates. I don't think it's necessarily bad if GME finds support above 260 and moves slower upwards, have to wait and see. Part of technical analysis and chart recognition is predicting and preparing for the intended direction as it unfolds. Hard to not pay attention to a trade in the 80% range if the triangle pattern holds up, makes for a good trade and is better for GME to consolidate prior to making another run. Worth noting look at the chart pattern between April and July 2000 when GME was 4.10
NYSE:GME
by works2020
4
$GRTUSD - Wait for a breakout and go longHello everyone! GRT is keeping near the lower edge of the symmetrical which is not a good sign for a token which wants to gain value. Nevertheless, since there could be a strong volatility these days, I'm guessing that GRT will break below the triangle and from the nearest supports (see chart) will bounce back towards new highs. The best point to keep in mind in all chart pattern trades is wait for a breakout, the best of the best is wait for a breakout and retest, so wait for a signal and perform the necessary trade.
KRAKEN:GRTUSDLong
by realMarketSurfer
2