Get started

Ascending Triangle

The end of bear market? SPX is pointing to a bull market trend.The analysis provided suggests that the SPY (SPDR S&P 500 ETF Trust) has broken out of a falling wedge pattern that began in January 2022 and is now on the verge of breaking out of an ascending triangle pattern. The falling wedge pattern is typically a bullish continuation pattern, while the ascending triangle is also a bullish pattern that signifies a potential continuation of an upward price trend. Additionally, the analysis notes that triangle patterns are often observed following strong and extended price trends, as buyers and sellers test the new price of a stock and become more or less aggressive over time. Ascending triangles are considered to be bullish signals, indicating a potential continuation of the upward price trend, while descending triangles are considered to be bearish signals, indicating a potential reversal of the upward price trend. Based on the analysis provided, the expectation is that the SPY will continue its bullish trend and break out of the ascending triangle pattern. However, the analysis also mentions the possibility of a seasonal push down in September/October, which may cause a temporary dip in the price of the SPY. Nonetheless, the analysis suggests that this dip will not push the SPY back into bear territory. To further expand on this analysis, it's important to consider other technical indicators and market factors that could impact the SPY's price movement. For example, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are popular technical indicators that can help confirm bullish or bearish trends and potential price reversals. Additionally, market news and events, such as economic data releases, corporate earnings reports, and geopolitical tensions, can also impact the SPY's price movement. Furthermore, it's important to note that technical analysis is not infallible, and there are always risks and uncertainties associated with investing in the stock market. It's essential to conduct thorough research and analysis, diversify your portfolio, and consult with a financial advisor before making any investment decisions.
SP:SPXLong
by uoi2020
11
Ascending Triangle On ETH (BULLISH!!) Hello guys ,Today i saw a low risk opportunity on ETH/USDT. the price is on the bottom of the ascending triangle and if it doesn't break it you can do this scenario. open your position after the price turn back.(wait for green candle,don't open your position fast !) first target is about 1995.(it's safe to close your position) but if it's going to continue the scenario , you can close your order on 2030. supertrend is giving a buy signal too. it's just an idea , always do your research and analysis. don't forget to follow and boost this idea :) thank you.
Long
by Crypto2021_2021
2
Moreno technical analysis. The huge ascending triangle.There is very slowly forming giant ascending triangle which could potentially peak during2025-2026. Example of an ascending triangle. Notice the flat iupper line and the rising lower line. This is a generally bullish line. (Figure 6.1b "Technical Analysis of the Financial Markets" Page 131) The measurement. The breakout (C) should see a sharp increase in volume, That upper resistance line should act as as support on subsequent dips after the breakout. The minimum price objective is obtained by measuring the height of the triangle (AB) and projecting that distance upward from the breakout point at C. (Figure 6.3a "Technical Analysis of the Financial Markets" Page 136)
KRAKEN:XMRUSD
by Synthacon
3
Bitcoin - New CME GAP! + All unfilled GAPS (cheat) Bitcoin has created a new CME GAP between 28215 - 28265. It's also the POC of the consolidation structure, so it could be a good short-term trade when the price makes a pullback. First, let me explain some important facts about CME gaps. CME Futures on Bitcoin started in December 2017. We had dozens of unfilled gaps from 2017 - 2023, and all of them have been filled. So the statistical probability of filling these gaps on Bitcoin is 100%. When the CME futures started, the huge bear market of 2017–2018 started, and Bitcoin crashed by 84%. Let me remind you (if you forget it), that the major CME GAP between 20330 - 21110 is completely uncovered, and the question is when we will cover it. It can take a few weeks or a few months, or maybe later. Time is not important. In total, we have 3 unfilled GAPs on the daily chart. One is above the current price between 34450 - 35180. Two are below the current price, between 28215 - 28265 and 20330 - 21110. On the left side of the chart, you can see fair value GAPS on the spot market. These gaps tend to be filled if they are massive, and these gaps are extremely huge. In my opinion, we are going to go down sooner or later, fill them, and take liquidity below 15.5k. It could happen in Q4-2023 or Q1-2024 due to my calculations. If you find this analysis informative, hit like/boost right now! Appreciate it. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you for reading!
by UnknownUnicorn2537518
95
"LABS" Every Timeframe is ridiculously a setup for a perfect sto"LABS" Every Timeframe is ridiculously a setup for a perfect storm.. Literally we have every pattern in this coin, contained in from all timeframes concluded. Cup and handle.. A beauty,,, can be seen on 4hour to daily,,,,.. zooming out to weekly, a perfect inverse head and shouders,,,(ascending triangle) (bullflags on 1 minutes) and a perfect descending channel seen on weekly with ease. KUCOIN:LABSUSDT
LLong
by UnknownUnicorn3237473
2