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Trianglepattren

POLS On The Edge of a BREAKOUT!Polkastarter has been respecting this triangle since it's all time high, the price action tried many time to break it but ended up by failing and we can see a strong support zone has formed below the price. On the 4h timeframe, the 200 EMA happens to pass by this support zone and the price can be clearly seen that it has tested it more than one time but failed in breaking through which adds confirmation to our trade idea. If the price breaks upwards we can expect it to reach 10$! Good Luck :)
Long
by rodrader
BTC - H4 - TENKAN-SEN UNDER ATTACK !H4 : After the strong triangle breakout and as expected BTC lost momentum and last candle triggered a bearish engulfing pattern. For the time being, the first support (Tenkan-Sen) hold; nevertheless, technical indicators are switching from the sideways to the downside which may be the first signal (s) of a short term trend reversal. A failure to hold above TS @ 53554 would put the focus on MBB @ 51992 (roughly the level of the triangle breakout, such kind of correction would complete the expected pullback and if occurs, it should be seen as the REAL TEST of a successful upside breakout. Indeed, it is crucial, in order, to maintain the bullish tone, to stay and hold above 51500 (Kijun-Sen) as a failure to do it would invalidate the triangle pattern and reopen the door for lower levels. Watch shorter time frames H1 and M15 to get intermediate signal (s) which will allow you to act accordingly. Have a nice trading day. All the best Have fun and take care.
BITSTAMP:BTCUSD
by Ironman8848
1
$NZDUSD - Another impulse above 0.72550Hi guys! 👋🏻 🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%. 🔔 The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index 🔔 The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters. 🔔 NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance. 🔔 The best would be to wait for a breakout from the $0.72550 resistance and go long. 🔔 The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400 🔔 I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
1INCHUSDT is creating a triangle. Hello Binance Smart Chain🦐1INCHUSDT is creating a triangle, and the price gets a lot of volume after BSC (Binance Smart Chain) news. IF the price will have a breakout upward, 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
21
XRP Forming Nice Triangle Pattern XRP has now formed a somewhat bullish triangle. Calling a bullish one simply because of where the price has entered from, which is from the bottom. Even though it looks like a bullish triangle right now, the price can fall downwards. If it falls down through, we will be seeing a lower targets (orange, red and purple support lines). If price decides to go down, we could most likely fall through orange and possibly two red support lines, where then a purple one could reverse the price upwards again. On the other hand, if we brake upwards from the triangle we have to break above blue resistence line to start getting some real bullish signs. BITSTAMP:XRPUSD
BITSTAMP:XRPUSD
by AVA37
CAKE M15 getting yeast and expanding !!? Let's go upTechnical analysis regarding the price of PANCAKE SWAP in relation of dollar Tether for the next scenarios, based on 15 minutes movement. In this shorter period chart (yes, M15 is a very warm chart to consider something), but in my view, we can already get valuable information regarding the price. It is forming a symmetrical triangle (descending tops and ascending bottoms) and well, it is a pattern of uncertainty (we do not know which previous direction the price will take), but it seems that it will be very high, as there is a tremendous demand in this cryptographic. We will see in the next scenarios whether this training will materialize! I believe that we will see PANCAKE reaching new ATH more and more throughout the scenario. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
4
$BTCUSD - Another symmetrical triangle and strong resistanceHi guys! 👋🏻 🔔 Bitcoin set a new All-time-high yesterday hitting $48188, the coin still has plenty of room for growth as the long-awaited $50000 is closer than ever. 🔔 The pair has also formed a symmetrical triangle and a breakout from the triangle will signal the bullish continuation. The coming resistances if the breakout is confirmed are at $48920 and $51050, though panicking sellers might sell Bitcoin at levels near $50900. MACD also nears the signal line and will cross when BTC escapes the triangle trap. 🔔 Bitcoin’s 4 hour chart on other hands has another story to tell. The level where BTC/USD is currently is very wild as Bitcoin has tested yet another resistance. 🔔 As the chart above suggests, Bitcoin might touch the dynamic resistance once again at $4900 - $49200 levels and retrace. The price action similar to the February 8ths jump was seen on January 4th. Such price action suggests that as stronger the impulse wave, the deeper the correction. 🔔 The best price action would be to test $49000 - $49450, retrace to $41400 and go for another bullish run towards $55000. Breakout from the triangle will signal the short-term trend continuation of the pair. 🔔 Mr. Musk in his latest tweets backed Bitcoin and other currencies, in one of his tweets he said “I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin.” The question which remains is if other companies follow the lead of Tesla in accepting cryptocurrencies. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
RELAXO- Triangle Pattern Breakout & Retesting - Swing/InvestmentThe analysis is done purely on basis of price action and chart patterns. The analysis is done on Daily TF with a long term view. Hence price may take several weeks to months to reach the target. Trade Set-up as well as logic has been given in image itself. Kindly refer the below chart of NIFTY CONSUMPTION chart - RELAXO is a part of NIFTY CONSUMPTION INDEX. The above analysis is for learning purpose and traders should do their own study before entering into any trade. Trade with your own money & risk management. Feel Free to comment for any query regarding learning price action or for any suggestion.
NSE:RELAXOLong
by AdityaKarn90
Possible formation of an ascending triangle in BTC? We can cnsidTechnical analysis regarding the price of BITCOIN in relation of dollar Tether for the next scenarios, based on 4 hour movement. Possible formation of an upward triangle ~ in my perception, upon breaking, the price will continue its main trend, upward ~and well, the price has come from a strong impulse in recent periods. Now, the price has consolidated a little in this region~ realize that the price does not have the strength to break through this congested region (it is only a breath of the bulls)~ and as soon as it breaks, the price will take another boost! I believe in the next targets designed with Fibonacci channels. We can consider!? disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
6