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Trianglebreak

STORJETH - After a Huge Short, you ready for a Huge Long Trade?We've just closed a truly epic downward move with Storj, netting 65% on this short trade through Crypto Tipster v2 - and we've jumped straight into a Long trade as the price appears to be bouncing off strong levels of support; there's not going to be much resistance (if any) for a good 50% gains on the flip-side! Keep your eyes on this space! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
SLong
by theCrypster
MATIC : Looking for a 2X Profits Probability?!I dont have much to say about Polygon. It surely is and must be considered as one of the highly rated potential projects. Fundamental wise it surely did show its strength through out the bear market specially by having a well articulated mainstream media coverage while it collaborate with heavy names in different sectors around the world mostly from the developed nations. How about the Technical Aspect? Well, this question surely is dependent on the overall crypto market sentiment. Specially if it is going to be the starting of an alt season #MATIC will be one of the best performers in the market. But what if Bitcoin fails to achieve and continue its strength and go in search of a new lower low. Then it will be a good accumulation opportunity to grab more to our pockets. For now lets try to hear the chart's heart beat looking a little bit closer. In this post I will just raise three main reasons for saying #Matic is showing a bullish alert at least for the long term. 1/ PATTERN FORMATION : The formation of a major triangle consisting of minor neutral triangles is formed. And it just broke out by the past week and trying to continue the momentum in the North direction. Last week's candle also close above a major resistance area at around $0.93 breaking out from the traingle strongly passing the EMA levels. 2/ Guppy Moving Average: This indicator is showing that a bullish sentiment in the market is already here on the 1D chart and the shorter period EMA's are trying to pass past the longer period EMA's which will be considered bullish as far as they are moving below the current price. 3/ RSI: RSI line is looking in a bullish setup and is in a healthy movement in addition to the fact that it crosses the RSI based MA which is a bullish sign by itself. This analysis is mainly consider to view from a Mid to Long Term investment opportunity and more or less for hodling for some time. Accumulation Area : $0.9 - $1.1 Target Area : $2.9+ Mean while, I will give updates on the shorter term sentiments about #Matic. If you agree with this analysis drop a like and share it to someone whom you think will benefit from it. Otherwise please do consider to drop your comments if you have any disagreement on the idea and lets flow the knowledge and benefit mutually. Stay safe blessed. Stay Tuned too.
MLong
by cryptotalk_et
ETHBTC - Broken Above Symetrical Triangle!We've got a significant break upward with ETHBTC at the moment - breaking out of this symetrical triangle it's been trading within for the last few months. With a Long signal from Crypto Tipster v2 last night we're already seeing gains of a few % in just a few hours! Get your SL in at just under the most recent tradinf range, around 0.071 and watch this rise up to meet the most recent swing high, grabbing around 8 or 9% profit. If you enjoyed this idea, agree or indeed disagree - drop us a comment, like & follow! :)
Long
by theCrypster
3
Apple is near key levelsFirst of all, forgive me to draw so much in this chart but AAPL is on fire and we've to take a close look to price movements because we could see awesome opportunities soon. We all know AAPL, amazing business, great margins but now suffering some issues with production that can lead to some volatility. In this chart, you can see: 1. A very big historical bullish channel in grey that give us resistance prices in the 100-110$ level. 2. An amazing expanding triangle unfolding with potential price objective at 100-110$ zone. Take care, I'll explain further this price formation and why it could end at 120 or 115$ the movement. 3. The RED danger zone explained in the idea of few days ago. The break of this support led to -7% returns by now. 4. The small downtrend blue line that was our previous idea. We expected a bullish break that never happened, instead we've seen the break of the danger zone support, so our mind is bearish since then in AAPL. (Please see previous idea to understand this in detail). 5. Some blue lines that are major resistances, the lowest one in the 105-110$ zone. Note that this is also the expected zone of 1 and 2. Expanding triangle explanation An expanding triangle is a chart pattern that occurs in a trend and is characterized by a series of higher lows and lower highs. This pattern is formed by two trendlines that converge towards each other as the price moves in a wide range. The upper trendline represents resistance and the lower trendline represents support. As the price approaches the apex of the triangle, it becomes increasingly volatile, and a breakout is likely to occur. If the price breaks out to the upside, it is a bullish sign and may indicate that the trend will continue higher. If the price breaks out to the downside, it is a bearish sign and may indicate that the trend will reverse. The consequences of an expanding triangle in the market depend on the direction of the breakout and the strength of the trend leading up to the pattern. If the breakout is strong and the trend is bullish, it may lead to further price increases. If the breakout is weak and the trend is bearish, it may lead to a reversal or consolidation in the price. By now, we see a wave 3 which is 1,618 times the first wave. We expect a wave 5 which could be 1,618 times the wave 3, this would move the price to 110$, again this zone... Take care, by now wave 5 is slightly more than 100% of wave 3, so the triangle could end at any time, but for us makes sense to wait for lower prices to have a better risk reward ratio. Ahead we have 120$ and 115$ levels which are also important previous supports and resistances and could lead to some bounces or eventually to the end of the pattern. Let's keep watching! Worst case If the price loses the 105$ level, we have no historical volume until 80$ so a crash could happen easily. Anyway, the 105-110$ zone is strong enough to believe that demand will appear there and the expanding triangle could then be confirmed.
NASDAQ:AAPLLong
by TopChartPatterns
1