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.
Ocean/USDT 1H. I like stacking a few Ocean on the dips. Superb project.
Looking at the 1 hour chart: I see a very good triple bottom that has offered support multiple times, far left is a 4th touch and within the rectangle is a good support zone.
Buyers are not letting OCEAN dip beyond here 78 -80cents. All this and price action is within a larger ascending...
I buy silver, not much to be honest. A few ounces here and there. But, I prefer crypto which is why I am taking the chance to sell some silver now. I think it is better invested in some quality DeFi projects. I want to add to Alpha & Rune positions.
The chart: Silver has been in an uptrend since March 2020. Culminating in an ascending triangle pattern. It looks...
2 potential ideas for GBP/NZD currently in an ascending triangle.
Price may reject at support (white trend line) and then break through the resistance of the ascending triangle (1.9180).
Price could fail to reject at support and we could see price revert back to previous support at the 1.8630 level.
Before taking either trade I will look for...
Hope everyone had a profitable week. Before you start your lovely weekend I would like to share a nice possible setup on WTI with you all.
We can short sell USOIL after confirmation of the breakout.
Traders who agree with my idea can take entries according to their own trading style but don't risk more than 1% on this trade.
Have a great weekend!
Using the neckline, from the previous candlestick pattern, Head and shoulders, now the same neckline is being used as resistance, which I see an ascending triangle possibly forming, now this is just an idea, if that's the case, you can place some trades but, it will have to be a day trade, just some in and outs, see you at the market, LJ.
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...