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Ascending Triangle

Gold - Potential BreakoutHello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: With the beginning of 2013 Gold started to form a major higher timeframe rounding bottom formation. After the breakout in 2019 we then saw a bullrun followed by the current consolidation. Gold is now forming an ascending triangle which could lead to a massive breakout and I am waiting for a retest of the trendline mentioned in the analysis to add to my Gold longs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
OANDA:XAUUSD
by basictradingtv
6
GBPUSD → A technically weak dollar will strengthen the pair FX:GBPUSD continues to form consolidation in the ascending triangle format. Bulls are gaining strength and trying to break through the resistance zone 1.2780 - 1.2800. The currency pair is in a global uptrend and according to a number of prerequisites this direction may continue. If we pay attention to the TVC:DXY , we can see that the index does not react to bullish news at all and apparently due to the overheated condition the index is ready to decline. In this case, this maneuver will be favorable for the pound sterling, which can strengthen the pair. On the chart we see an ascending channel and a pre-failure consolidation in the format of an ascending triangle. The resistance 1.2780 - 1.2800 plays a key role. Breakout of this zone and price consolidation above the level will form a bullish potential, which will confirm the breakout of the level. Support levels: 1.2715, 1.2615 Resistance levels: 1.2780, 1.2888 I expect a breakout of resistance under the pressure of buyers on the limit resistance zone. Regards R. Linda!
Long
by RLinda
7
BTCUSD → Fundamental and technical analysis in the same rut Bitcoin BINANCE:BTCUSD continues to consolidate within an ascending triangle. Recently, the market was spooked by strong sell-offs, but, technically and fundamentally, nothing terrible happened. On the chart we see several important nuances: long shadows, ascending triangle, false breakdowns of local support zones, false breakdown of resistance, which is another trap from the market maker. The market continues to prepare for further growth. Trigger zone, which can provoke a volume surge and strong impulse - 44350 - 44500. False breakdown of resistance and further sell-off at 4500$ is related to rumors: BTC's fall came amid the publication of an analytical report by Matrixport, in which the authors wrote that the SEC will reject applications to launch spot exchange-traded funds (ETFs) for bitcoin on a number of grounds. The sharp drop in the price of the first cryptocurrency triggered a massive liquidation of traders' margin positions on crypto exchanges. Still. As much as analysts, small and large traders would not want it, but the cryptocurrency market pays huge attention to the fundamental component, and only then to technical analysis. Everyone is now in the moment waiting for a decision from the SEC and in all likelihood they will approve applications for a spot BTC-ETF. The initial market reaction is predictable, but time will tell how this situation will play out in the medium and long term. Support levels: 42K, 41640, 40660 Resistance levels: 44350, 44500 Consolidation continues. In this case, the nature of consolidation is related to the fundamental component. The recent hype, crypto-spring and active consolidation is connected with the theme of BTC-ETF, though this theme has bored everyone lately, but the market is waiting for it. As the prerequisites are inclined to the breakout of limit resistance and growth, we join it. The nearest target is 48K Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
46
ETH → The market is preparing to overcome 2300 and riseBINANCE:ETHUSD is trading within the boundaries of the 2383 and 2136 range, but at the same time the price continues to test 2300, which plays an important role in the medium-term perspective On the high timeframe we see consolidation after breaking the resistance of the ascending channel. Consolidation is formed at the intersection of the strong 2300 level and the resistance of the ascending channel, which can be interpreted as a period of struggle between market participants. The bears are trying to hold the 2300 resistance area, while the buyers (bulls) continue to actively test this zone for a breakout, as the ethereum fundamentals look much more promising for buyers. Moving averages indicate strong accumulation, price consolidation near a strong resistance level indicates a fairly strong bullish potential. Resistance levels: 2300, 2383, 2447 Support levels: 2200, 2136 The price is likely to continue testing 2300 as the market is in a bullish trend. Consolidation at some point will lead to distribution, this trigger could be price consolidation above this level. Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
14
XAUUSD ( Gold ) 1H chart Ascending triangleGold is forming an Ascending triangle on a 1H chart. The resistance of the pattern is aligning with the recent low points in the price creating a strong resistance range. The development here is important. If the price breaks the resistance, this can fulful the chart pattern and also break above the resistance range, which can push the price up. If the price breaks bellow the pattern and the resistance range, then it can continue down towards a new major low point. Additional confluences to monitor for: 20, 50 and 200 SMAs Currently, the 20, 50 and 200 SMAs are aligned to indicate a down trend. The price is testing the 50 right now. If it drops down to break below the chart pattern, this will also be a rejection from the 50 and a drop below the 20. This is a further strong confirmation for a general drop. If the price breaks above the chart pattern, what you want to see is the 50 moving below the price and crossing with the 20 to produce a bullish cross
FOREXCOM:XAUUSD
by RTED_Investing
Bitcoin is ready to go higher, next pump is comingBitcoin is still bullish and is ready to go higher! My ultimate target is 48600 USD, which should be hit probably very soon. What is really important for the price is that the blue horizontal line must hold for the continuation - the price is currently above it. From the Elliott Wave perspective, we need to finish the last wave 5 of the impulse wave. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Historical facts about Bitcoin: Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.
BITSTAMP:BTCUSDLong
by Xanrox
2
CHARTIST TRIANGLES: HOW DOES IT WORK? ANSWER is HERE!ASCENDING TRIANGLE: Identify the levels where the price has often closed and opened (black line). The price is making higher and higher lows. Draw a bullish diagonal. Take Profit is calculated by plotting the lowest increase on the black line (see graph). Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time unit!!! ___________________________________________________ DESCENDING TRIANGLE: Identify the levels where the price has often closed and opened (black line). The price makes higher and lower highs. Draw a bullish diagonal. Take Profit is calculated by plotting the highest drop on the black line (see graph). Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time unit!!! ___________________________________________________ SYMMETRICAL TRIANGLE: The triangle of indecision, just like the RANGE!! The price is tightening, and we don't know in which direction it's going PETER!!?? Draw a bullish and bearish diagonal. Wait for a break in one of the diagonals. The Take Profit is calculated by reporting the highest side of the rectangle which made a PULLBACK (see my old publication on "PULLBACK") and see graph below. Report this segment to the BREAK of one of the diagonals, but ESPECIALLY to the CLOSING of the candle in its time unit!!! STOP Loss below the previous low if you are BUYING. STOP Loss above the previous high if you are SHORT (Seller). ​
Education
by Le-Loup-de-Zurich
🚧BTCUSDT is Bullish now🚧 & many Traders don't see it 👀!!!➡️Bitcoin is currently situated within an ascending channel, forming an ascending triangle pattern. Notably, it has demonstrated a historical uptrend with approximately 20% gains in similar past patterns. Presently, BTC is supported by 20 EMA in 24H, complemented by dynamic support at 42,150 and static support at 41,760. Short-term price targets are anticipated at 50,500 and 54,250, aligning with the 1.272 and 1.618 Fibonacci levels, respectively. AB=CD 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
Titagarh Rail will take me to my "Ghar"With the massive investments infused by Govt of India on Railway Sector to the tune of 1lakh Crore - most of the Railway Themed stocks are flying like Bullet Train. Titagarh Rail Systems an Amazing Upward Parallel Channel on Monthly On Daily - Beautiful Box pattern BO followed by Ascending Triangle Formation Triangle BO pending above 1075 WCB for target of 1225. Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:TITAGARHLong
by Stocks-n-Trends
XLMUSD Ascending Triangle Breakout Loading....Stellar Lumens XLMUSD forming a very large ascending triangle pattern. The resistance of around $0.13 goes back 5 years, so once this breaks out I am expecting a quick violent move up. I had a psychic moment at work one day where the number 13 and Stellar came into my head. So naturally I'm thinking XLMUSD will eventually hit $13.00 in the future. I suppose it could also mean once it breaks out of $0.13, that's when the big move to the upside starts. Either way will be fun to watch.
COINBASE:XLMUSDLong
by jaepayne
I Cannot Short This !!! situation+next targets.AAVEUSDT 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 ) .The break out needed for increasing further has not happened but it should happen pretty soon. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
1
🚧ADAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!ADSUSDT 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 ) .The break out needed for increasing further has not happened but it should happen pretty soon. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
3
15 years breakout#RCE • monthly chart analysis • budget session: this stock is in focus • breakout 2008 high level • 15-year breakout in chart • 2008 volume build-in chart but global crisis hit stock badly • ascending triangle pattern breakout • 2022-2023: massive volume in chart • this volume helps to breakout chart 🐂 • Target and Stop losses mentioned in chart • we never recommend buying and sell any charts and this stock is also • More, please check the chart all mentions in that
NSE:RCFLong
by investigationofchart
AUDCAD MULTI TIME FRAME ANALYSIS Hello Traders! 🌟 Today, we're diving deep into an exciting analysis of the AUD/CAD pair. Get ready, as we unfold the story this chart is telling us across various timeframes! 📈🔍 📊 Weekly Chart: We've spotted a fascinating rectangular channel, indicating a consolidation phase. A key point here is the price rejection at the lower trendline (around 0.85627). Currently, AUD/CAD sits interestingly at the mid-channel point of 0.90564, a critical area to watch. 📅 Daily Chart: Things get more interesting here! We see a Cup and Handle pattern (or a Double Rounded Bottom), hinting at a bullish future. This pattern is eyeing a breakout at 0.90567 – a level we should keenly observe. ⏱ 4-Hour Chart: Our analysis shows an ascending triangle, a typically bullish signal. The price is flirting with the resistance, also at 0.90567, mirroring the daily chart's breakout point. 💡 What This Means: The alignment of bullish patterns across multiple timeframes can't be ignored. If AUD/CAD breaks above 0.90567, we might see a strong upward move. However, always remember, the market can surprise us! 📈 Trading Strategy: Considering a long position on a confirmed breakout above 0.90567. Setting stop-losses wisely, perhaps below the recent low or the weekly lower trendline. Profit targets? Look towards previous highs or Fibonacci levels. 🚨 Risk Management: It's crucial in Forex trading. Manage your positions responsibly, and don't overexpose your capital on a single trade. 🌍 Keep an Eye on the Bigger Picture: Global economic news, especially from Australia and Canada, could sway our pair, so stay updated! That's it for today, traders! Remember, the markets are dynamic, and so should be our strategies. Trade smart, stay informed, and let's catch the next big wave together! 🌊💼 Happy Trading!
Long
by TradeChartPatternsLikeThePros