With the price of ETH currently at the support of both the 100 day SMA and the trendline of an ascending triangle (which is a reversal sign in itself), this price area presents a high probability of sparking a rally in ETH.
> In Daily Time Frame there is an major Trend Line to to Break to change TREND, and there it acts as Resistance.
> According to me there is an TRENDING VIEW IN NIFTY BANK (BULLISH OR BEARISH SIDE).
>In 1hr TF it forming a lite Ascending Triangle / Bearish pole and Flag Pattern.
> 1). BULLISH view if NIFTY BANK opens GAP UP, Immediate Support is...
-On the Weekly and Daily timeframe shows strong bearish momentum
-There has been a breakout of the ascending triangle and looking to to enter on the retest of the liquidity zone.
-Price has been in a downtrend since 23rd March 2020.
-We should wait for a breakout and a retracement of the supply/liquidity zone to look for a short...
Structure: Ascending triangle, also support and resistance breakout
Plan: We look for price to fall and retest the breakout from the ascending triangle.
We see stochastic and EMA confirmation. TP set at previous high
Updating my view of Silver. It's looking long to me! I particularly like the small bull-flag on the current ascending trend line - this within a bigger descending channel which I have detailed. After a recent double fake out of the legacy (ascending) trend line price has returned Silver back within a bigger ascending triangle structure.
If price action can break...
Going to be keeping a close watch on EUR/JPY for a break in this structure.
An ascending triangle appears to be forming.
EUR/JPY has been a very strong pair so this will be a great opportunity to hop on this trend.
I don't have much time to address, and I am no fan of BTC, never traded it myself before etc...but the chart does not lie. So it seems like Bitcoin is indeed in a bullish ascending triangle. I can't say when the breakout will be, but the volume is declining so I would say fairly soon. Those who are experienced with TA and ascending triangle should also be aware...
Seeing a continuation pattern forming on GBPCHF.
The ascending triangle is an indication of a continuation of a trend.
GBPCHF has been in a strong uptrend for a few weeks. We see an opportunity to jump in on this trend following a break out of the triangle at 1.2970.
This is nice risk-off trade, following the trend and keeping a nice tight SL just below the...
I was thinking that as prices have broken market structure we could see prices go back down to support level because of the ascending triangle that looks to be forming.
Feel free to drop your opinions in the comments.