This chart screams bullishness. We are just a few weeks max from the apex of this symmetrical triangle on the xrpusd weekly chart and we are also about to have a weekly golden cross(where the orange line goes above the blue line) Doesn’t take a TA expert to see on this chart what tends to happen when this weekly Goldencross occurs on xrp. Obviously this isn’t...
Symmetrical Triangle Breakout Pattern for NVDA - This could also be a head shoulders to the downside but with so much momentum going into next week and recent upgrades from major financial institutions anything is possible.. I’m bullish on this one
Hi. BINANCE:XRPUSDT Today, I want to analyze XRP for you in a Weekly time frame so that we can have a mid-term view of XRP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). XRP is testing the top of symmetrical triangle on weekly timeframe Up We Go if we manage to break upwards🐃...
On March 15, 24, I am looking to trade NASDAQ:ARM using this symmetrical triangle/bullish pennant pattern. A move up piercing the upper trendline will present a buy signal, with volume confirmation on break out.
Hey There, - Like always, The chart is self-explanatory. - We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one. - This is one previous support that turned crucial resistance - Previously, the price has fallen 3 times after testing this level. The fourth time's a charm? - We see a good consolidation at the...
In an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern. In the event of a bullish breakout, we could look for a retest to take a...
This analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty...
Here are some guidelines for determining the next steps regarding UPL: Consolidation: UPL has experienced a period of consolidation for over two years, forming a symmetric triangle pattern. Breakdown and Retest: There was a breakdown from the triangle pattern, followed by a retest, which resulted in a continued downward movement until reaching a 52-week...
BINANCE:ADAUSDT is forming an interesting potential that may allow the price to break out of the current range and head towards $1.25. There is an interesting situation on W1. A breakout of 0.746 level is formed and price consolidation above the level (On D1), which allows the bulls to cfrm an intermediate bottom. If we pay attention to bitcoin, on H1 the coin...
Was asked to look at this one by request, otherwise not super familiar with this chart but am familiar with the token. A quick and simple take on QNT's weekly chart, showing the daily 50/200 EMAs: Long-term, Quant looks like it exited a triangle with a bullish breakout back in November. It has since re-tested and remained above. Some confluence for this is...
tata communication has given a breakout recently through a falling trendline and also triangle. the breakout is with good volume.
Hi. COINEX:LTCUSDT Today, I want to analyze LTC for you in a Weekly time frame so that we can have a mid-term view of LTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). LTC/USDT is about to break out of the symmetrical triangle on weekly timeframe🧐 ✅ Due to the Ascending...
Currently, the price of the XRP has reached the descending trend line from higher timeframes, which is identified by the highs of April 2021 and July 2023. Additionally, this trend line serves as the upper boundary of a symmetrical triangle. A similar symmetrical triangle pattern has also formed on timeframes from 1D and below, and the price of the asset has...
The EUY (EUR/NZD) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. Key Points: Buy Entry: Consider entering a long position around the current price of 1.7725, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial...
BTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and has dropped below the channel support trendline. As to whether it will retest that trendline which is now resistance remains to be seen. However, the MACD lines are under the zero level and RSI lines under 50, lends support to a reversal at this time. Volatility is...
Looking at the Higher Time Frame we can see that the price has formed a Symmetrical triangle with a Fake Breakout in a form of a Double Bottom which indicates that the price wants to move (much) higher from current levels. Im looking for BUYING opportunities on a lower time frame.
FX:EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area For two weeks in a row the dollar index ( TVC:DXY ) is trading with a negative fundamental background, which is quite favorable for the euro. As the price is inside the...
BINANCE:KLAYUSDT is forming a local bullish trend, but globally the coin is lagging behind the cryptocurrency market and is still under bearish trend resistance. A clearly formed bottom, a local bullish trend and pre-breakout consolidation against bearish trend resistance can play the role of important preconditions for a possible trend change and the...