Based on the look of this triangle that's forming, it's not quite distinguished yet but it could be a symmetrical, or descending triangle, both showing bullish. Gonna be watching PA very closely, because the support line happens to be right on the 50 SMA so that could offer some support. And I have alerts set on trendlines.
BTT/USDT Forming this pattern, not 100% sure what it is it. Watching very closely for price action and have alerts and stop losses set at my plotted lines. Should breaking with volume either up or down sometime today.
Same Ascending Triangle, retested the upwards slanting support at around 107. This ASCENDING TRIANGLE is most likely to break upward (Just based on the pattern) But it could also turn into a BEAR FLAG! Because the horizontal resistance isnt established as well as I would want it. Gonna be keeping a very close eye on the pattern with tight stop losses.
After those previous patterns broke out so nicely I'm convinced this 4HR Ascending Triangle will to, after it corrects again. Daily chart is looking really bullish just considering RSI and MACD.
Spotted obvious looking ascending triangle on 15/30 min charts (On Left) And what looks to be the end of the 2nd correction wave. All the way down towards 78 Fib levels and back up to 62. Now if it sticks to Elliott Wave theory it should start the 3rd impulse wave.
Not too long after that perfect descending triangle we saw break out, this symmetrical triangle started to form. Its looking like the ABC Correction after that first big "A" drop happened. Im expecting just a little above 3k, you can look in the past for quite obvious support/resistances. On the other hand I dont think its going to break upwards because of the...
This descending triangle 12 hr candle closed nicely back at the resistance. If this breaks downward I'm expecting a drop down towards previous resistances to become support.
Pretty obvious descending triangle on high and low time frames. But MACD is looking bullish along with the small divergence on RSI. It could be breaking upwards even though its descending. Gonna be watching 1hr and 15min candles closely
This is looking like a clean bear flag, and it definitely doesnt look like it has the volume or momentum to break up at all
Added the Fib extension to the 3rd wave and the 1.68 matched up perfectly with the 171 support and resistance :) super confident with it. Just not super sure when.
The ABC worked out nicely, and the new set of impulse is looking good too. Got ladders nearing the 38.2 fib range to go long. And gonna exit around 171 in a few days likely. The RSI on 1Day timeframes hasn't quite hit 70 yet so I assume that's what the 5th wave is for :)
This is definitely looking like the 4th wave just finished and the 5th is underway. I believe the 5th should hit around 170-171 gonna ladder my sell points. If you look back on the chart 170 was hit as support 2 times so I'm guessing resistance this time.
This move looks exactly like the one yesterday, with the 4th wave of elliot being am ascending triangle. Got my order in to take some profit at 153
Right after that perfect ascending triangle breakout, ETH started forming a nice head and shoulders, and is in the process of perfectly breaking out of that. Still got my position in at 144 from when I called the 38.2 FIB Range.
Ghe elliot wave that I called earlier is following nicely. Broke down towards the 38.2 Fib range. And is now forming an ascending triangle on the 15 min, for the 5th wave upwards. I'll plot exit points later. Got a sell point at 154 ish just in case it comes up quicker than I thought.
I was too busy drawing out my last bearish divergence (which ended up being a hidden bullish divergence, which I know nothing about yet) And I missed this extremely obvious symmetrical triangle on ETH 30 min. I Suck, didnt lose anything. Just profits I gotta look at the bigger picture. And I feel like so far patterns and candle closes are the way to go
We should definitely see some downward movement after those impulse waves upward last night. We have a bearish divergence on the RSI and macd for lower lows and highs. Therefore losing momentum. We should be coming down for a few hours!!!
Beautiful breakout from the ascending triangle. Where should we lock in the profits B)