Still working on a weekly candle close above the rimline of this cup and handle and also the top trendline of an even bigger symmetrical triangle pattern seen here on the logarithmic weekly chart. The smaller and more realistic potential breakout target here is for the cup and handle pattern, the one that’s al the way up at $23 is the target for the symmetrical...
Avanti Feeds is breaking a symmetrical triangle pattern with long term perspective with minimum 1:3 risk and reward ratio, it becomes a good opportunity for investors.
We expect further downside on this pair, signalled by the symmetrical triangle pattern breakout. We can also see the breakout of a trendline and key level which further supports our directional basis.
The GBP/JPY pair presents a potential selling opportunity on the H1 timeframe, fueled by a recent bearish breakout from a triangular consolidation pattern.
Key Points:
Bullish Triangle Breakout: Though seemingly counterintuitive, the price has broken downward from a bullish triangle formation, characterized by converging resistance and support lines. This often...
BINANCE:XRPUSDT is testing trend support after exiting the triangle. Traders' interest in Ripple continues to grow on the unstable fundamental background
On W1 we see a formed bottom, the bulls do not let the price to this area, continuing to cumulate the potential within the framework of gradually rising prices. An uptrend continues to form on the chart, but...
We can see this monthly triangle that xrp has been forming since 2020 is nearing an apex. We can also see that, barring some sort of black swan, XRP is fairly unlikely to stay above 40 cents based on the extremely solid support of the triangles bottom trendline and the fact that the monthly 100 ma is now overlapping that trendline for double reinforced support....
The GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity.
Key Points:
Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines....
On this 4H chart for Crude oil you can notice that the price has been moving in a very obvious down trend channel for a while. Recently the price broke out of it and started consolidating above the down tren resistance ( now a support ). In the proces the price formed a symetrical triangle. It is important to observe this triangle in the following hours as it can...
This daily chart of the WTI crude oil (spot) demonstrates a symmetrical triangle pattern. I will use it for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width...
As you can see, the long-term upward trend in NZD/JPY has consolidated into a symmetrical triangle pattern on the H4 chart. I will use this formation for a trend-continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which...
greaves cotton looks good with support tested after testing support at 120 two times.
If markets are bullish can reach first resistance according to triangular pattern.
only investment script not suitable for intraday trading or even MTF holding.
thank you.
Is it better to hold Ethereum or Bitcoin? If you are interested in such question, you probably want to see the ETHBTC chart. My analysis is on the weekly chart. What we can see is that the ETHBTC formed a WXY Elliott Wave corrective pattern with a 1:1 FIB extension. If this pattern confirms, ETHBTC could reach a new high and pump massively. But the price is still...
FOREXCOM:XAUUSD is updating a low of 2001.9 and forming a correction in a phase of waiting for news to be released at 13:30 GMT.
At 13:30 Initial Jobless Claims will be published - analysts expect that the index may show worse data than in the previous period, and also, it is worth paying attention to Bostic's comments (FOMC), who will speak three times...
Hello Traders !
After a Huge Bearish Move,
The EURCHF Price Formed a Symmetrical Triangle Pattern.
The Resistance Line is Broken.
So, I Expect a Bullish Move📈.
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TARGET: 0.94140🎯
SOLUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If...
Beam Rank #69 is a very good-looking coin from a technical perspective. We had a strong pump of 500% In November 2023. Now the price is going sideways, but it is time for another pump. It's good to buy this coin right now, as it can skyrocket anytime soon. We have a strong Elliott Wave combo Impulse + ABC correction. 1.618 FIB extension is the next profit target,...
AXSUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If...
