RPL Rocketpool Asc Tri back up 30% Bullish case,
RPL moves back up to 200EMA and meets asc tri target of 30%
not advice only for educational purposes only
Triangle
AKT ASC TRI MOVING UPBullish case AKT to move up to Asc Tri
BTC made triangle shape and some of the smaller cryptos are catching back up now many others that made the similar asc Tria have run and met their targets
not advice only eductional purposes
USD/JPY looks ready to soar, but will it wake up Bo(J)zilla?Last week, USD/JPY spiked higher after a disappointing Bank of Japan (BoJ) rate meeting and today, the price has again broken above resistance. The chart reveals a smaller ascending triangle pattern with a target of 159.80, which remains valid as long as the price trades above 157.14. Will a push higher wake up Bo(J)zilla?
Why is the USD/JPY Rising?
The BoJ's decision to leave rates unchanged last week, despite inflation being reported at 2.5% and potentially reaching 3% soon, was met with disappointment in the market. The central bank's vagueness about its plans to reduce asset purchases further adds to the uncertainty. This scenario supports the carry trade, a strategy where investors can increase their returns by borrowing cheaply in JPY at nearly 0.1% and investing in the USD at 5.5% or the MXN at an eye-watering 11%. With leverage, returns could increase to 22% annually, excluding costs.
Will the BoJ Intervene?
It is unlikely that the BoJ will intervene significantly in the short term. However, given the current fundamentals and chart patterns, the USD/JPY appears poised for further gains. The central bank might attempt to intervene during low liquidity periods, such as when the US markets are offline and before the Asian markets open. Caution is warranted for anyone going long USD/JPY, as they could face off with Bo(J)Zilla.
GBPUSD LONGDaily Bias Long
Fundamental Analysis - GBP CPI higher, GBP stronger. USD weak data, USD bearish
Price Action:
Price pushed to a new high into Daily Horizontal Level and formed an ascending triangle within the Horizontal level. H4 trendline is also at the ascending triangle area. Price break out of ascending triangle resistance level. Price closed above the resistance level. It is a bullish momentum candle formed in H1.
Confluence:
Higher TF (W/D/H4) - Ascending triangle, H4 trendline, breakout of resistance of Daily resistance.
Lower TF (H1/M30/M15) - Breakout ascending triangle, Bullish momentum candle
Set up:
Long trade set up at broken H1 resistance. SL below swing of ascending triangle. TP next swing high for Daily TF. R:R 1:4
GBPUSD LONGDaily Bias Long
Fundamental Analysis - GBP CPI higher, GBP stronger. USD weak data, USD bearish
Price Action:
Price pushed to a new high into Daily Horizontal Level and formed an ascending triangle within the Horizontal level. H4 trendline is also at the ascending triangle area. Price break out of ascending triangle resistance level. Price closed above the resistance level. It is a bullish momentum candle formed in H1.
Confluence:
Higher TF (W/D/H4) - Ascending triangle, H4 trendline, breakout of resistance of Daily resistance.
Lower TF (H1/M30/M15) - Breakout ascending triangle, Bullish momentum candle
Set up:
Long trade set up at broken H1 resistance. SL below swing of ascending triangle. TP next swing high for Daily TF. R:R 1:4
Gold probably forming triple three pattern. 17/July/24XAUUSD reaching ATH again BUT Instead of forming triangle on "Base" before "Rally" to 2700 +/-at wave (IV) (blue).. Gold probably forming a complex tripe (W)(X)(Y)(X)(Z)(yellow) three pattern in wave (IV) (blue).
MATIC: GENRATIONAL BOTTOM IS IN!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
Welcome to this MATIC/USDT UPDATE MATIC looks amazing in the weekly time frame.
Last time when MATIC accumulated in a 610-day channel it led to 20,000 Returns.
Now, it is forming a symmetrical triangle kind of structure and accumulated in the triangle for more than 1200 days. Right now, it is sitting at the lower trendline of the triangle and also holding good support here. Buy some now and add more in the dip.
Must Hit Targets:- $2.84/$4.72/$7.16/$9.88
Overall it's a double-digit potential, so leave some % for a moon bag🚀
What are your thoughts on MATIC's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
$CIFR - Ascending Triangle on the Weekly Chart?NASDAQ:CIFR It seems like there is an ascending triangle pattern on the weekly chart. Do you think we will see levels between $16 and $20 in early 2025? That would mean a 350% increase from the current price. What do you think?
Going for another tryI think now is a good moment to open a long position. See my previous post below. SL triggers if a weekly candle closes under the support area.
LIC BUY..O I seeGood triangle breakout....tgt calculated as per pattern...Time roughly calculated..Triangle patterns breakout are fast running towards tgt...So buy
AVAX Ready to Rise Again
AVAX fell from 65 to as low as 22, but finally managed to break above the downtrend. If it stays above 25, it is quite likely to see $60 or even higher in the long term.
At this level, AVAX offers a very good buying opportunity. If it goes lower, I might buy more AVAX, but I don't think there will be any more buying opportunities below this level.
MSTR MIcrostrategy - Tri break out its going up! Bullish case
long term trend up
triangle break out moving up
This is good evidence that the bull has reasserted itself in crypto land
If BTC moves up MSTR will move up, as its big breakout with targets from a triangle it suggests to go long BTC
Those in the know are buying up MSTR because it holds so many BTC and they are allowed to buy MSTR as a BTC play. Many fund managers are allowed to buy MSTR if they are not allowed to buy BTC yet. Anyway its going up according to the chart.
This is not advice only educational purposes
5x on CIPHER - mining - I bought this last week Tri big move up Bullish case, its being bid and going up
Huge candle up move today I got in last week as BTC tri has caused the alts to form Asc Tria all over the place. Which implies BTC will move up and thus the BTC miners will move up strongly too.
If the height of the triangle is the target, then its a big move coming if not the full height of the triangle then its still a very good move.
Not investment advice only for educational purposes only
LPT Livepeer - Tri forming back up to top of triangle 70-100%Bullish case, good 70% for this instrument to move back to the top of the triangle
Early position before it breaks out
MARA - Tri forming time to get in Mara - triangle has formed
it will explode upwards.
not advice just education purposes
Super still going up - published late Drew this last week
Still going up
Failed ASC tri
Then new ASC tri formed and has broken out now
Not advice only educational purposes
BNB 18% sorry published late Bullish case BNB Asc Tri broken out
I drew this last week before the break up but did not publish it
Not advice only educational purpose only
Happy that the alt market is back
PEPE 5 x this year already and chart says its going up some moreBullish case, stay in the crypto which is out performing BTC up 1 x versus PEPE up 4-5 x
year to date
Chart says it all,
How to make a better financial future for your family.
Lets get the info out there to help people make better life decisions.
For educational purposes only not advice
STX 3x from here in 3-4 months possibly ??? If histroy rhymesHere is the bullish case for STX crypto
The timing will be interesting to see if It can repeat the channel and deliver the 3 x by Nov 11 ish 2024
Is the crypto bull reasserting itself ?
Study the chart lots going on here
This is not investment advice only in theory for educational purposes
GOLD → How might consolidation end? Up or down?FX:XAUUSD is in the consolidation stage. The morning session was extremely quiet amid the absence of Japan in trading, as well as after Saturday's news. Traders are waiting for Powell's speech at 16:30 GMT.
The market was expecting that Trump's assassination attempt in Pennsylvania could have a strong impact on gold as a hedge asset, but the market did not react much, except for cryptocurrencies.
The dollar still looks bearish, if Powell does not change his stance from last week, the dollar index could break support and go down, for gold this would be a favorable scenario.
Since the price is in a range, we can consider 2 scenarios at this point:
1) If the bulls keep the price above 2407, they may break the local resistance and test the upper boundary of the range with a breakout target
2) Against the backdrop of the dollar pullback, gold may come down to the liquidity zone before a subsequent move up.
Support levels: 2407, 2401, 2392
Resistance levels: 2413, 2417, 2424
Fundamentally and technically the background is favorable, gold is quite capable of testing the ATH or even renewing it, but it is worth paying attention to Powell's speech....
Rate, share your opinion and questions, let's discuss what's going on with GOLD ;)
Regards R. Linda!
SMCI: The trigger for the next rally! (D&W charts)The SMCI chart presents a compelling case for bullish potential, highlighted by significant bullish patterns on both the daily and weekly timeframes. On the daily chart, SMCI is forming an ascending triangle, a bullish continuation pattern. This pattern is characterized by rising lows supported by an ascending trendline, while the price faces resistance at $972.44, which is its most important resistance level. The consistent formation of higher lows suggests increasing buying pressure. Recently, the price has closed near this resistance level, indicating a potential breakout. If the price successfully breaks and closes above $972.44, it would signal a strong bullish continuation. However, a fall below the ascending trendline could indicate a possible reversal or a phase of consolidation.
On the weekly chart, SMCI exhibits a pennant pattern, another bullish continuation signal that forms after a significant price move. This pattern is marked by a period of consolidation with decreasing volatility, bounded by converging trendlines. The price action is currently testing the upper boundary of this pennant, suggesting a potential breakout. A break above this pattern would confirm the continuation of the bullish trend, likely leading to a substantial price increase. Conversely, failure to break above the upper trendline and a drop below the lower boundary could indicate a more pronounced pullback or extended consolidation phase.
Overall, SMCI shows strong bullish tendencies supported by the ascending triangle on the daily chart and the pennant pattern on the weekly chart. Both patterns suggest further upward movement if key resistance levels are broken. Traders should monitor these levels closely for a confirmed breakout to validate the bullish outlook. Failure to break these resistance points might lead to short-term consolidation or pullbacks to support levels.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Long-term Triangle PatternNike is getting close to the apex of a 4-year triangle pattern (where price inevitably breaks one way or the other). For now, I'm just watching for a certain setup to potentially trade on. If it breaks down out of the triangle (which it is currently threatening), it may find support around the 200-mo. EMA, which would be a better price to start a position. That said, it could certainly find support here but there isn't much upside to the top of the pattern (unless it breaks out).
XRPUSD Finally producing a breakoutThe XRPUSD has produced a breakout to the up side on the weekly chart
This can initiate the long-expected rally in it's price
This can also align very well with the recent correction in the crypto market and the possible beginning of the next strong up swing in BTC
