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Ascending Triangle

SOL ascending triangleSOL time to pay attention Ascending triangle 3D Clear upper boundary at 42 Bunch of wickbacks make the level clear and confirmed. This LONG idea has a chance if market in general is ready to move up. SHORT if SPY reverses and drags everything down with it. Of course if SPY does not push higher then Bitcoin will not be able to make significant progress either. Which also means SOL is not going to spring up at any significant rate. The move up could take SOL to 58-59 (40% move from breakout level) If market in general takes a dive we most likely get SOL to reach 20 area
FTX:SOLUSD
by Dtaurus
OG Fan Token! 2020 trendline is breaking out! Head and Shoulders OG looks very promising on the daily/weekly chart! As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern. We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of strength. The ABC correction has been completed and I think we can retest the previous all-time high or at least a previous swing high. If we take a look at the volume indicator, we can see a massive bullish spike, which is another great sign of strength. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
42
Binance BNB - Record! New ALL TIME HIGH no one is talking about! BNB just set a new all-time high after 14 months! I suggest you buy BNB coin or BNB leveraged token, because this is one of the most bullish altcoins at this moment. As per my Elliott Wave analysis, an ABCDE correction has been completed and we can continue in the uptrend! Also, we have a bullish rectangle consolidation (base) on the weekly chart, and the base has been destroyed by the bulls recently. I expect a 1:1 FIB or 0.786 extension for the next wave. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
50
$FTNT taking off from its launch pad!Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the pas ~9 months * Moving higher from its launch pad with higher than average volume and another quarter of better than expected earnings * It's also breaking out of an ascending triangle Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 5.72 Relative Strength vs. SP500: 54.15 U/D Ratio: 1.53 Base Depth: 51.61% Distance from breakout buy point: -15.43% Volume 24.53% above its 15 day avg. Trade Idea: * You can enter now as the price is moving higher from its launch pad with higher than average volume and on better than expected earnings * If you're looking for a better entry you may be able to get one around the 61.9 area * This stock usually has local tops when the price closes around 15.74% above its 50 EMA * Consider selling into strength if the price closes 15.54% to 15.94% (or higher) above its 50 EMA * The last closing price is 6.2% away from its 50 EMA
NASDAQ:FTNTLong
by HaseebKhan_90
Bitcoin BTC - Acceleration very soon! + Elliott Wave This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in volatility. I am very bullish on Bitcoin and I would never short Bitcoin on the futures market at the current or even lower price! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
82
Biconomy BICO - Ready for a massive breakout! Wedge + Triangle BICO on the daily chart looks like it wants to pump any time soon! We have a descending broadening wedge and a local symmetrical triangle, so we have a pretty good confluence to buy a breakout. What's more, as per my Elliott Wave analysis, the massive impulse wave has been completed, and that's why I expect a retracement. I recommend buying a breakout above the wedge + triangle + new swing high for a higher probability of success. The main profit target is at the 0.382 FIB + below wave (4) and I think we should definitely hit the target in the immediate short term. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
BLong
by UnknownUnicorn2537518
43
Long on BTCThe screen shows two different time frames on BTC: 2H time frame in the top and daily in the bottom. The 2H time frame BTC graph shows a bullish set-up for a possible ascending wedge. Moreover, price action is trending on 200MA support almost in line with the 0.38 Fibonacci Retracement Level. For this reasons we set a entry price at the Fibonacci support at $22484 followed up by bullish reversal with target profit at $24296. Extending the graph on the daily, we noticed BTC price, after 4 lasting months, broke through the 50MA twice and now is testing that again suggesting more up-trust in bullish direction. Entry price: $22484 Target price: $24296 Return: 8% *use a 5 to 10X Leverage
Long
by vf_investment
Solana Bullish Elliot Wave - 150% gains to 100 USD? 🚀🚀SOL pumped 48% and 19% (green price ranges) after the bullish Supertrend Ninja - Clean signals (green vertical line on the background). It also went down 75% (purple price range) after a bearish Supertrend Ninja - Clean signal (red vertical line on the background). In a possible bullish scenario SOL might possibly rise up to 100 USD completing leg A of the Elliot Wave (blue dotted lines). Which is about 150% (orange price range) possible gain. SOL is still below the the Ichimoku Cloud, which is considered bearish. Currently it is trying to break a resistance area ( support and resistance area's are highlighted in grey blocks). The RSI is still in a range/ slightly bullish at 48. RSI Brown at 62. If we take a look at the Average Directional Index ( ADX DI) its indecisive, as it is ranging. Almost horizontal. Currently SOL is above its Basis Bollinger Band, Band Basis 20 Period SMA . While it is below the LSMA . In short, SOL is still stuck in a range on the 2Day chart. Although I am leaning towards a bullish scenario. Since SOL price and the RSI are still forming a higher low. I do see an Ascending Triangle. Which is a bullish sign. Remember to always take profits and use proper risk management! Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Like To Use: I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
Long
by Kch28
EUR/USD Ascending Triangle, Waiting For A Break And RetestHi everyone, Happy first of august 2022. May you all have a successful profitable month. We are on EUR/USD today. Let's start with the daily time frame. Price has been moving steadily downwards bouncing inside of a giant channel. Every time the price has hit the bottom of the channel, it has perfectly bounced off of it and moved towards the top of the channel which then acts as resistance. When we switch to the 4-hour time frame, we can see that price has been trying to break through the current resistance line numerous times but has failed every single time. The ascending trend line is acting as support and the price is slowly starting to squeeze tighter and tighter with support and resistance getting closer and closer. I am looking for a breakout from this pattern. These types of patterns are generally called Ascending triangles. We usually look for a break out before the apex of this pattern is reached. We have two possible scenarios that I would be looking for that would be tradeable. GOING LONG – I will trigger a pending long position if we see the price break out of the ascending triangle to the upside. We need to see accompanying strong bullish volume with a bullish breakout and close above the resistance line. If we see this, then I will set up a pending order when the price retraces to the top of the resistance line and flips it to support. I will look for a possible risk to reward of 1 to 2 or 1 to 3. GOING SHORT – If the price fails to break the resistance once more and closes below the ascending trend line which is currently acting as support, then I will look for the same possible movement. I will wait for a breakout and close and then set up a pending short position with my targets being previous support around the 1,0 price point. My personal bias currently is bullish as on the four hours we do see the price moving upwards and squeezing closer towards the top of the resistance line. However, I only trade what the charts show. Remember, the goal is zero emotion and systematic trading. Let's see what this pattern does The Vortex Trader.
Long
by TheVortexTrader
AUTO - Massive channel is breaking out! Huge gains, Elliott Wave First of all, I want you to take a look at the volume indicator. As you can see, we have huge bullish volume! On the daily chart, there is a descending parallel channel that has been destroyed by the bulls recently. Also, there is a local symmetrical triangle that looks like it is also breaking out, so we have a double breakout, which is nice to see! Impulse Elliott Wave has been completed (5-3-5-3-5), and because of that, I expect a bullish retracement. The profit target is at the end of the previous wave 4. I don't have the historical data to put a fibonacci retracement from the previous all-time high, but it was around 13 500 USDT. I think this is a pretty good setup to buy this coin on the spot market. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
ALong
by UnknownUnicorn2537518
51
FileCoin FIL - Ready for a bullish action! + Elliott Wave + Base For a confirmation trade, buy a breakout above 6.41 USDT, which I strongly advise you to do here! As per my Elliott Wave analysis, the huge impulse wave has been finished successfully and now we are ready for a bullish retracement. As you can see on the chart, we have a local base (rectangle pattern) and this is something i like to see! The last trendline of the last impulse wave has been destroyed by the bulls, so another great sign. The profit target for this trade is 6.5 USDT, which is totally doable, but in the long term, I think we can go even higher. Look at my ideas about interesting altcoins in the related section down below. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
36
Request REQ - Massive wedge is breaking out! + New bull market We have a huge falling wedge on the daily chart, and the price is currently breaking out! As per my Elliott Wave analysis, an ABC correction (ZiagZag 5-3-5) has been completed on the macro scale. We had a massive uptrend in 2020–2021 and also made a double top (2018, 2021), so this coin is definitely stronger than others. The first profit target is at a strong resistance (Wave B) + 0.618 FIB, but I think we can reach a new all-time high, maybe next year. As you can see on the chart, the main trendline has been destroyed by the bulls and the price is printing an inverse head and shoulders pattern! I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
49
Ampleforth FORTH - Huge falling wedge is breaking out! +Triangle As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern. This is a fantastic buying opportunity when combined with a local ascending triangle! My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement. My main profit target is at the previous resistance (wave 4), or 0.618 FIB. I think this downtrend is over and we should see some bullish price action in the immediate short term! I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
45
Litecoin LTC - New bull market! The downtrend from 2018 is over. In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011. On the weekly timeframe, we have a falling wedge and the price is currently breaking out! As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement. The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher. This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher! I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
33
Tranchess CHESS - 1-year trendline is breaking out! CHESS is completely ready for a massive uptrend! A 1-year trendline is breaking out on the LOG scale, which is always nice to see. Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump. If we take a look at the volume indicator, we can see elevated bullish volume, so another great sign here! The impulse Elliott Wave has been finished and that's why I expect at least a retracement to the upside. Place your profit target at the start of wave (4). I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
43