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Trianglepattren

$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
BTCUSDT is creating a bullflag – 50k soon?🦐After our previous idea The price tested 0.618 Fibonacci level 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
12
AAVE Ascending Triangle ConfirmedGood day/Evening or to some, night Ladies and gents, I am not a Financial Advisor, please do use your own analysis and own thoughts for support. No pun intended. I've been on AAVE's watch since it's early breakouts. Please notice my update of positive outcome with our Ascending triangle confirmed. Although I understand some may be concerned about MACD level drops. We'll keep on the lookout for MACD Signal on 4H, but I wouldn't rely on it too much. Potential breakout possible at anytime this week. Be on the look out! As usual, folks, Happy and safe trading. Stay safe, CryptoManiac
COINBASE:AAVEUSDLong
by CryptomaniacR
ONTUSDT is testing weekly resistance 🦐IF $ONT.X will have a breakout from dynamic upper resistance and static weekly resistance and flip it into 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
18
DOTUSDT is creating an ascending triangle 🦐After the perfect bounce on 0.382 , $DOT.X is creating an ascending triangle and the price is testing the lower trendline. IF the price will have a breakout upward, we can see another bullish impulse. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
27
ATOMUSDT is inside a triangle 🦐$ATOM.X is testing weekly resistance. 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
15
YFIIUSDT is testing 4h resistance 🦐$YFII.X is inside a weekly range, and the price is testing 4h resistance and 4h trendline. IF the price will have a breakout, 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.
YLong
by InkyGrip
14
AVABTC is creating an ascending triangle 🦐IF $AVA.X will have a breakout upward and flip the current 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order What is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. An ascending triangle is tradable in that it provides a clear entry point, profit target, and stop loss level. ––––– 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
12
The BTCUSDT level that I am watching while market goes sidewaysAdding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone. Note also the downward volume trend as price consolidates further. Looking bullish to me honestly. BUT... This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even bigger pullback is also possible of course. Daily chart indicating that this pullback is now in its 2nd leg down. The 2nd leg doesn't have to go lower than the preceding low (Triangle?)... but we'll see. Not trading advice.
Long
by thedailychartist