Can BNB reach around $1000 ?...The BNB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
See my first anaysis on BNB in 2020
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Ascending Triangle
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR.
The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth.
If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term.
Resistance levels: 166.06, 166
Support levels: 165.68, 165.14, 164.95
The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse
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The last bullish chance of Bitcoin in mid-term !!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
If the triangle breaks, we expect a new ATH to occur, but in new year.
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GBPJPY → Buyers increase positions to break 195.5 ↑FX:GBPJPY continues to climb purposefully towards 195.5, forming a consolidation in the form of an ascending triangle. The goal of this maneuver is to break the resistance with further continuation of the upward movement...
The bulls are trying to keep the defense above the key support at 193.5. The change of the fundamental background for JPY strengthens the sales of the national currency, which favorably affects, in our case, GBP. As a consequence, the market starts testing 195.5 with the aim of a breakout. GDP in UK remained at the same level of 0.2%. There is important news ahead - PPI. Based on the previous economic data, we can assume that PPI will also support the dollar, which will negatively affect the JPY. On the background of this influence, the bulls will be able to overcome the key resistance.
Support levels: 193.5, 191.7, 190.0
Resistance levels: 195.5
The acutal situation on the chart is directed towards the continuation of the movement. The market structure is changing, the fundamental background is on the side of the buyer. We are waiting for the breakthrough of the key resistance (trigger) and the continuation of growth...
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AAPL Apple Inc. Ascending Triangle NASDAQ:AAPL AAPL Apple Inc. Ascending Triangle Look, it looks like it might break to the upside depending on market conditions. Looking at next week's 237.5 calls. Not financial advice could easily see a pull back, AAPL like NVDA loves to close very close to strike prices making options worthless.
GOLD → 2685 breakout trigger. News ahead. A new conflict! FX:XAUUSD stops correlating with the dollar. The price is testing the key resistance at 2685. Bulls continue to test this area and accumulate the potential for a breakout attempt. Important news on jobless claims and retail sales are ahead
China's economic problems have a negative impact on gold as the country is the world's top gold consumer. At the same time, markets are resorting to profit taking on long USD positions ahead of the release of the most important economic data - the US retail sales report.
BUT! Another escalation, but in another part of the world: North Korea has declared South Korea an enemy and completely cut off transportation links with it. The markets are clearly not going to let this fact pass their ears.....
Technically, the buyers do not retreat from their intentions and continue to test the resistance with a breakdown target. A pre-breakdown consolidation and several possible scenarios are forming, no matter how many people don't like it.
Resistance levels: 2685
Support levels: 2674.5, 2665, 2658
A breakdown of resistance will trigger an impulse, and this is a logical scenario based on the technical situation on H1 (ascending triangle, accumulation and compression to the level).
BUT! The news can have an unpredictable impact. If gold forms a false breakout and goes back to 2674, having updated this low, the price may go even lower (to 2665, 2658), for liquidity, before returning to the way north
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Ampusd longThere was an inverse head and shoulders pattern which resulted in the breakout of the neckline. That provided a 300% growth roughly. Then the price retraced all the way back to the previous resistance line now turned support. Retested it and held so far.
Expecting a little more sideways/accumulation at these levels. If it holds then we will retest the previous high, and have 2 possibilities
1) breakout
2) formation of another smaller cup, with a proper big Timeframe ascending triangle which could propel the price to ath.
NEIROUSDT → Someone's interested in the coin. Consolidation...BINANCE:NEIROUSDT is a rather interesting coin, which looks quite promising and stronger than the general market. Consolidation is forming on the background of the bullish trend. A good hint of the trend continuation...
The coin is moving in steps. The pullback is forming the lower boundary of further consolidation, the purpose of which is to accumulate the potential for the continuation of the trend. Exceptionally bullish character of the movement...
Emphasis on the borders of the current consolidation 2.182 - 1.835. The extreme support retest ended with the confirmation of the accumulation boundary without updating the local minimum, which indicates that the correction (most likely) is coming to an end. The reason indicating the readiness of the price to leave the accumulation and move to the realization phase will be a prolonged trade near the resistance.
Resistance levels: 0.002182
Support levels: 0.0018355
Consolidation continues, I am waiting for the moment when the coin sticks to the resistance and starts to consolidate between 2.18 - 2.07. In this case, the coin will move to the formation of a pre-breakout consolidation with the aim to breakout and further growth. I don't exclude the fact that NEIRO may go to 1.517 for liquidity before continuing its growth.
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Sold 1/2 Bitcoin. Raised Stops.Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel.
All along the big resistance target I have discussed has been 68k. I still believe we could break through it, however, the chart is beginning to disagree. Inside of my descending channel (which is bullish long-term) we have this ascending wedge pattern beginning to form (this is bearish). If correct and it plays out, it would take us all the way down to 48k. Sound significant? Yeah, that’s ‘cuz it is!
You’ve heard me discuss 48k many times in the past. It is the neckline of a larger inverse head and shoulders pattern seen on the weekly chart below. We wicked down once in an attempt to kiss and retest. But that may not have been enough tongue action for these bears?
Mark this wedge out on your charts and watch it closely. It is significant. And if it breaks? To 48k we’ll go.
TRB can Start To Increase SoonThe TRB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
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Actual Success Rates of Ascending and Descending TrianglesActual Success Rates of Ascending and Descending Triangles
Here is an analysis of the actual success rates of ascending and descending triangles in trading, based on the information provided:
Success Rates
Ascending and descending triangles generally have fairly high success rates as continuation patterns:
-The ascending triangle has a success rate of approximately 72.77%.
-The descending triangle has a slightly higher success rate of 72.93%.
These numbers come from a study that tested over 200,000 price patterns over a 10-year period.
Factors Influencing Success
Several factors can influence the success rate of these patterns:
-The trader's ability to execute the strategy correctly
-Market conditions at the time the triangle formed
-Market liquidity
-Overall market sentiment
Important Points to Consider
-Triangles are considered reliable continuation patterns, especially in trending markets.
-The ascending triangle in an uptrend is statistically more reliable than the descending triangle.
-To validate the pattern, the price must touch at least twice each of the upper and lower lines.
-An increase in volume during the breakout is an important confirmation sign.
Strategies to improve the chances of success
-Wait for the triangle to fully form before entering a position1.
-Confirm the breakout with a close above/below the resistance/support level.
-Use additional technical indicators to confirm the signal.
-Pay attention to the volume, which should increase during the breakout.
Conclusion
Although ascending and descending triangles have relatively high success rates, it is important to use them in conjunction with other technical analysis tools and to take into account the overall market context to maximize the chances of success.
BTC's situation+next targets and expected movements.(Daily)I still stand by my opinion and haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break this triangle strongly and rose to above $66,500. However, The price has now been corrected and it can go up to 67k, and then breaking the head and shoulders pattern, and finally reach the megaphone top.
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BIGTIME/USDT: LOW RISK, HIGH REWARD TRADE SETUP!!Hey everyone!
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BIGTIME is showing strong potential! It’s forming a descending triangle and has created a confirmed deviation. Currently, it’s bouncing off the lower trendline of the triangle, presenting a solid buying opportunity. Consider entering here and adding more on dips.
Entry range: CMP and accumulate up to $0.106
Targets: $0.121 / $0.132 / $0.149 / $0.175 / $0.20 / $0.222
Stop Loss (SL): $0.0965
Leverage: 2x - 4x
What do you think of BIGTIME's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH.
Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year.
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Bitcoin - Time to buy again!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
If the triangle breaks, we expect a new ATH to occur, but in new year.
Recently analysis
(Daily)
And (weekly)
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(Update) !!! Daily Chart Analysis (READ)POPCAT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
Previous Analysis
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EURUSD → The triple top is in the 1.1200 zone. Falling?FX:EURUSD is facing strong resistance forming a reversal pattern relative to the 1.1200 sideways range boundary. The bulls are not yet able to continue the trend. The dollar is bouncing....
On the back of unpredictable economic data confirming the problems in the US economy (manufacturing, banking sector), the markets are rebounding. DXY strengthens after the market held 100.0 support.
EURUSD reverses course amid sentiment changes. Price forms a triple top reversal pattern and faces a strong sell-off, within which breaks trend support. In the short-term, we may catch a correction to the imbalance zone (with the aim of retesting the previously broken channel boundary), after which the decline may continue to 1.100, 1.095, 1.089.
Resistance levels: 1.11, 1.1125, 1.115
Support levels: 1.107, 1.104, 1.100
ADP NonFarm ahead and before the news, the market may quiet down and form a correction. In case of EURUSD, the zone of interest is 1.11 - 1.113. The fall may resume from these zones....
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