1. GBP/USD currently on support, perfect buying time.
2. Several formed triangles that are ascending between the support and resistance lines.
3. Long position marked.
ETHUSD 15M. I like to zoom in from time to time. On the 15M we are forming a descending wedge to the ascending trend line which forms part of the ascending triangle. I am watching to see if this breaks out from the falling wedge here to the upside. Some reasonable support to be found too. Looking bullish but I am as often the case waiting for confirmation.
ARKBTC on the daily time frame. Looks to be accumulating within a what appears to be the formation of a bullish ascending triangle. Above the 200EMA by quite some distance which in itself is testament to ARK's upwards drive. I'm keen to see what happens when price meets ascending trend line 'A'. Arguably price action on the daily is in no-mans land for a scalp...
I'm in and out with this coin for a little while and looking to possibly add more. On good support area above 200ema and breaking out of an ascending triangle. If it can close above the immediate support I'm adding a bit more to my RSR position. I can see this coin double topping. It has fared well against BTC's recent moves as well. Perhaps the coin is still...
BTCUSD 30M. Zooming in to see the price action detail. Creating a double cup pattern? The first one failed and as I write this BTC is still trying to go long. I don't think it will. But, I need confirmation. That for me is achieved if Trendline 'A' & 'B' are challenged and break. We have seen a wick down to 10808 and that I believe is a foot in the door for more...
BTCUSD 15M. Zoomed in here a bit to see what sort of pattern is being created by BTC price action. I see with my little eye a falling wedge pattern. But, I thin this will be a funnel to let BTC fall to support at 10800 and then to around 10300.
We can see an ascending triangle forming here on USDGBP.
This formation means that buyers are out performing sellers.
As you can see the buyers keep pushing there lows higher but sellers cant push there highs lower.
You can see my predictions on the chart with the arrow.
I will be getting in on the retest of resistance turned support/the primary line of the...
-Very decent long opportunity on the reversal on top of the ascending triangle.
-There is a confluence as the resistance of the triangle is in line with my supple zone.
-Another confluence is that the supply zone is in line with my 23.6 fib level which could indicate that price could potentially reversal from that zone.
-An extra confluence is the EMA as it is...
Ascending triangle on hourly timeframe for BTC:USD. Expecting resistance at $9800, retracement down to $9550 and then up to 10k levels. Resistance at 0.618 fib (10k) level likely, possibly trading sideways for a while before bulls push upwards more.
Long entry ~$9550.
A pretty good ascending triangle forming clearly on the GBP/USD 1-hour chart which is applying strong bullish pressure on the $1.2845 - $1.285 resistance level (white horizontal line).
- After failing multiple times to pass the $1.275 support line (red horizontal line), the cable is now gradually proceeding towards the $1.2845 - $1.285 resistance level.
- Price...
Time to start shorting Sugar, or just an ascending triangle that price consolidates in before it breaks up to higher prices?
RSI gives signals of exhaustion for the bulls and four signs of bearish divergence, obviously we have been up trending for a while now and is only reasonable for RSI to fall from overbought to neutral levels, the four last peaks on ...
XRP has been one of the poorer performing higher market cap crypto assets for 2019, when compared to the other crypto heavy weights. However based on historic performance, when this sleeping giant does eventually awaken, it moves at the speed of light.
XRP has very strong resistance at $0.30, and has failed to successfully close above this level for a number of...
Price nicely broke to the upside of what it appears to be an ascending triangle,
Goo opportunity for longs .
Those formations - ascending triangles - are bullish with the uptrend reaching the length of the base of the triangle that the price broke out from .
Surprisingly in this occasion that 's the length required to fill the gap looking left after that huge...
Bullish divergence on the Daily on the MACD and the RSI - green line
We can see how the price consolidates inside in what it seems to be an ascending triangle - blue line. Formations like this tend to break upwards.
Regardless the direction of the breakout , we currently trade in the low are of the consolidation and just bounced off the demand trend-line...
![GBPUSD: GBP/USD [GO LONG!] ...identifiable Ascending Triangle!](https://s3.tradingview.com/n/nNsOttRN_mid.png "GBP/USD [GO LONG!] ...identifiable Ascending Triangle!")
