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Trianglepattren

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$
NYSE:NIOLong
by RaphaelRusu
2
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... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
ELong
by GreenCryptoTrades
2
EOSUSDT is trying to have a breakout from monthly resistance 🦐EOSUSDT is trying to have a breakout from monthly resistance. IF the weekly candle closes above the weekly structure, 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.
ELong
by InkyGrip
14
EURGBP Triangle Pattern: Bears BreakoutHi Traders! Since the month of November started the bears have been in control on higher timeframes. We've seen EURGBP form lower lows and lower highs on most timeframes but recently the market made a strong push up (from point A - 0.88616 to point B - 0.90044) forming a lower high and continuing in the overall market direction. In the last two days the market formed a higher low (point C - 0.89147) and a lower high ( point D - 0.89637) again confirming the triangle pattern on the chart. As we head into this week the market has broken out and retested showing that it is still moving bearish in continuation with the trend. Thanks for viewing. Disclaimer: Analysis is subject to market changes.
Short
by Mancoba_Thabethe
4
$ETHUSD - Eth 2.0 DilemmaHi guys! 👋🏻 🔔 Ethereum is ongoing a historical metamorphosis of it’s network transitioning from the PoW to the PoS consensus. To start the chain, the deposit contract should receive a total number of 524,288 ETH from validators, total 16,384 deposits (32 Eth each) by November 24. 🔔 So far the deposit contract address on a popular transaction scanner shows that only 50,401 Eth worth of $22,787,804.13. 🔔 Looks like ETH holders are still couunting on the soar of the ETHUSD and are looking to make profit from trading. 🔔 As seen on the chart, ETH/USD has formed a symmetrical triangle pattern. As a general rule, one should follow the price action of the pair and wait for a breakout from either threshold of the triangle. Since, the price currently is holding near the upper threshold, breakout could be confirmed anytime soon. 🔔 Key level to watch if the breakout from the ascending channel is confirmed is $477-$500, if the price breaks the lower threshold of the triangle, the price might as well drop to $431 and below that to $416. 🔔 Ethereum’s price surge was not mainly supported by the Eth 2.0 transition, although it played a significant role, but was rather backed by the weakening US Dollar and uncertainties in the market followed by the US Presidential Elections. The election is still not over and the tension still remains, especially over Biden’s stimulus plans and Trump’s lawsuits, hence the price of Ethereum might as well continue to grow. 🔔 The postponement of the Eth 2.0 launch may hit the price, hence I highly recommend you guys to stay up to date to the Ethereum announcements on November 24, it's only 2 weeks away and 10X ETH are required, achievement of which is under a huge "?" mark. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITFINEX:ETHUSDLong
by azizelliott
3
IOSTUSDT breakout from descending channel 🦐IOSTUSDT had a breakout from the descending channel, and now the price is creating an ascending triangle. IF the price will break the triangle and retest it as support, According to Plancton's strategy, 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
8
S&P Analysis Week of 11/08/2020: Post Election MadnessWho is the newly elected President of the United States? How does that impact the markets? As of this posting, we don't know who the elected U.S. President is. Even if a winner is declared, it is most likely going to be contested. This week there are many variables a. One important variable is the consolidation that price is making in a triangle wedge. We are currently at the top portion of the triangle wedge so price is in a critical spot. If price breaks out, we could easily get to and exceed all time highs. If price is rejected then you will see price pay a visit to the last broken resistance area area. This breakout area was heavy resistance and was never retested. Price WILL come back to this point at some time...when is anyone's guess. Price can take days, weeks, months or years to retest that area. My guess is that the retest will be sooner than later. I indicated three setups: Trade Setup 1 (long): The easiest would be a break above the triangle wedge because it's cleaner and easier to play. Trade Setup 2 (short): A rejection of the top of the triangle wedge. Trade Setup 3a (long): A bounce off of the broken resistance. This would satisfy the retest. However, if it does bounce this is not a preferred trade for me because of the overhead resistance. Price would have a lot of work to do to breakout above this area. Trade Setup 3b (short): This is a continuation of trade setup 2. If the breakout area fails, then price will continue most likely to the bottom of the consolidation triangle wedge. Note: The consolidation between the triangle wedge is energy and a lot is building up. Once the energy is released either in the northern or southern direction, there will be a big move. This is just for awareness in case that even happens during this week. Good luck and be careful. Remember: When it feels really right, it's probably wrong. And when it feels really wrong, it's probably right. Don't forget to support my analysis by hitting the like button
CME_MINI:MESZ2020
by XYZ-Trader-
10
S&P 500 - Waiting for Directions + Political AnalysisBefore we begin with this analysis... This time it is suited for people who are playing the long game... All ideas that are expressed are of my opinion and interpretation of the political situation. So... While the world waited anxiously to see who will become president - so did equity markets. On the technical side: A Triangle pattern has emerged on a daily chart in the S&P 500 index. This is considered a continuation pattern - meaning that if we go by classical analysis, we should be looking for a breakthrough to the upside. Our target would be the length of AB (just below 4000). We do have a bearish MACD divergence playing out On the political side: Joe Biden is a moderate democrat and this is good for the economy. Implementing a strategy to handle Covid-19 will insure the smooth function of the economy even without a vaccine (widespread testing + mask wearing). Since markets are forward looking this is probably taken into account. Despite talks of the "scary" Green New Deal, such a widespread plan could provide new jobs for people in the old and dated energy sector. (Lets not forget the the SPE has been declining for a couple of years now). Under a moderate administration the employment aspect of this will likely be reviewed heavily. To keep the people happy and voting for you you have to insure their financial safety. No sporadic tweets about tariffs means the certainty increases - Positive for markets. Even if taxes are increased, it will be marginal and only on the filthy rich. Fiscal stimulus to the MAX. On the downside: Markets might be more regulated As long as the Republicans keep control over the Senate, a Democratic administration will have a hard time passing legislation. Right now it looks like this will be the situation, but we will know for sure only in January since we have a runoff in Georgia. This increases uncertainty in the short term horizon. To sum up: I retain a positive outlook in the medium/long term since the new administration will be focused on responding to the Coronavirus and supporting the economy. However, if inflation pics up the story changes completely. Real Vision have covered this extensively - you should check them out on YouTube. If we break lower than point B without taking out point A, The market will officially enter a downtrend on a weekly basis. This is not good. The 2008 crisis started out like this (from a Dow Theory point of view) Feel free to share your opinion and happy trading!
TVC:SPXLong
by nadavhurwitz