Trianglepattren
TSLA primed for bullish continuationTSLA has been kicking ass this year! But still looking like TSLA is ready for more.
Ascending triangle formed on the daily with increase in volume at current price. Long entry at 660.20 looking for a 2:1 R:R with stop below the 1h range.
Also, taking advantage of short vertical put w/ 590/585 strikes (right below 1hr range) while waiting for this trade.
Growth potential up to 900% based on the giant triangle patternI have been monitoring the price movement of this chart for about a week
First, it broke the falling wedge pattern in the lower timeframes
This led to the breaking of the triangle pattern which restricted price movements for four months
then it pulled back and placed on the support area
There are many support levels in this area
The price is right above sma50, sma200 and ema200
I do not write much because no one likes to read
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There are several target :
target 1 : fib 1.618 ( about 4 usdt )
target 2 : fib 2.618 ( about 5.5 usdt )
target 4 : fib 3 ( about 6 usdt )
target 4 : 25 usdt ( Based on the massive triangle pattern )
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Sincerely, Little Bob
ETH/USDT - Work in a triangle, strong level (magnet)Today, I will continue yesterday's analysis on the ETHER.
As I wrote, we have a slice magnetic level, after which an impulse happened.
The targets are set correctly, and at this time, as well as yesterday, I also expect a breakdown of this wedge (ascending) triangle, and the price hike to the values that I indicated for you on the chart.
I am not fixing profit yet, I will only move the stop loss to 725.
Be attentive - as some indicators have not moved yet - and this may mean a false breakout, and a return in price.
If you are not yet in position - wait for the price breakout behind this triangle, creep above it by 4h TF and volume - then long, definitely.
If this does not happen, the price will go down to the magnetic level, and the price will be broken down until the $ 700 update for 1 ETH
possible break out between January and February 2021The chart speaks for itself, if the trend keeps going like that between end of January and beginning of February this should break out. I didn't draw it here but the expected pump should be around 147% from the confirmed break out point
EURAUD Buy1. Long-term trend - price ranging sidewards.
2. In the shorter-term the downward trend is expected to reverse as the price is about to hit the SUPPORT level as well as the merging triangle pattern.
3. the price level is likely to bounce back and froth between the resistance levels, but is expected to keep rising in the next few weeks.
USD/JPY- Triangle PatternUSD/JPY is making a symmetrical triangle and trying to reach the upper line of the triangle. The trend will hit an upper trendline of the triangle by crossing the following level 103.507 - 103.566 - 103.585 . After that, there will be a reversal, and the target will be 103.500 - 103.400 - 103.300 - 103.100 .
But if it does not stop to move upwards. And crosses an upper trend line, then it will hit the following levels 103.600 - 103.670 - 103.750 .
USDCHF, M15 Long or Shortin M15: If Price can break the Triangle to up & colored Area, can go up til End of yellow vertical line (second upper warning line(Dashed line)).
If can not: go down til second lower warning line (Dashed line).Now, there is a little -Divergence on MACD, if completed, the break down is more possible.
XRPUSDT Is inside a huge triangle 🦐XRPUSDT Is inside a huge triangle, and as we know the triangle is a continuation pattern.
IF the price will have a breakout upward from the triangle, According to Plancton's strategy (check our Academy), we can set a nice order
"A triangle pattern is a consolidation pattern that occurs mid-trend and usually signals a continuation of the existing trend. The triangle chart pattern is formed by drawing two converging trendlines as price temporarily moves in a sideways direction. Traders often look for a subsequent breakout, in the direction of the preceding trend, as a signal to enter a trade."
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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.
USDJPY-Weekly Market Analysis-Dec20,Wk1In the market, one thing for sure when there is a consolidation there will be an expansion. Right now we have a sideway consolidation on USDJPY, I'm waiting for the breakout of the trendline to assume the trade in its direction.
What's amazing that the technical chart shows an alignment of what's happening in the US election. It seems like we will have a conclusion on the US election in the coming week.
NIO Ascending Triangle and Wedge UpHey folks, I kept seeing you enjoy my analysis so of course I will do another one and I think it could go even higher than JMIA.
Today I was just contemplating over all the news, youtube videos and so on and so forth about NYSE:NIO
I don't completely see from where people taken the 150$ target for NIO but...🚀🚀🚀
In all seriousness, we have good elevating factors on the 1HR chart, good support and I seek to break the resistance.
In the snapshot you clearly see somewhat of an undeveloped triangle that was showing to take down NIO due to Earnings.
Now we have the same baby triangle with resistance and support getting closer until we break it.
MACD is showing signs of running up just as it did the last time and I marked down the moves that I am pretty sure we might get that same area but better and get to 63$
EOS/USDT ( Symmetric Triangle in 1 Hour Chart)Symmetric Triangle Breakout
EOS/USDT currently trading at $3.54
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 1 h chart
STOP LOSS: I will update soon
Resistance level 1( Target): $3.95
Resistance level 2 (Targe ): $5.50
Resistance level 3 (Target ): $8.65
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
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