Get started

Ascending Triangle

Ethereum in an Ascending Triangle. It's Time for a Pump?It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary. If that happens, we can buy ETHUSD. The target should be equal to the triangle's height. Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe. Follow me for more Crypto and FX trading ideas.
Long
by djukic.nebojsa
13k Q4 2022; Sept 2024 160k. analysis since day 1 of BTCThis is a very detailed analysis by Dia, I won't post till Q4 2022. - I see believe in 4 year cycles, average bull cycle is 800 days, and average bear market is 400 days, the other 200 I called ''neutral'' days where market switches between them. - Macro economics are very bearish , including stocks, more downside is definitely expected to keep inflation under control, SP500 is big bull channel ready to break down - TOTAL crypto cap is 914 b, next support is at 755 and 455 respectively, current crypto cap will not hold and 50% correction is definitely on the table (ascending wedge ) - The entire 30 to 60k symmetrical triangle structure has broken down, I notice every time a support line of previous bull run is broken, the last one will become support (the dotted lines). This is a very ugly break down and if people say bitcoin is DEAD and they show this chart, they can be right for the first time in history. - the 30k and 60k triangle can be manipulated into a falling wedge , that coinicides with Q4 of every 4th year of bull run being the bottom and support line from previous bull run touching there exactly to the point -looking at rsi we still actually just entered bear market territory (monthly stoch rsi under 10), bear market is around 40 to 50% finished. Still have a year or so to go roughly CURRENT STRATEGY DO NOT TRY TO TRADE IT (I shorted FLM and UNFI and lost 76% of my portfolio in 1 month)! Between now and end of 2022, DCA in coins, tokens that you believe in and look strong. THIS IS THE OPPORTUNITY OF YOUR LIFE!
BITSTAMP:BTCUSD
by Heartskull
#ETH meeting resistance- Scalp EntriesETH has to make a decision here. ( Purple box has been serving as resistance over the last 12 days ) Bullish Scenario : A break out to the upside with a close above 1266- could signal we bottomed. Making 1400 area our next big obstacle. Bearish Scenario: 1255 area is strong resistance for now. Could break out of ascending triangle and re test the 1067 area ( .5 Fib) - A close below 1067 could signal another trip to the 3 Digit ETH levels for a retest in the 916 area. What ae you thoughts on ETH? GL out there.
BYBIT:ETHUSD.PShort
by Crypto_Saint_
LU - Ascending Triangle Bullish argument for LU: 1. higher lows (over the past 3 mths) with every dip leading to the formation of an Ascending Triangle. 2. now above 200 days moving average Waiting to see if a close above 6.43 neckline would materialise in the coming weeks, preferably on good volume. p/s the odds of breaking towards the horizontal side is higher for right angle triangles. ie upside for an ascending triangle and to the downside for a descending triangle. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:LULong
by Juliac
BTC is going to Reach 35k+ExplanationBTC has Created a New Ascending Triangle which is a Good bullish Sign and We can Determine That the Price will be Bullish Soon! No Strong Break out Has Happened yet So We can Not Say for That the Price is gonna Increase For Sure Right now But It will Happen Soon! If we Consider The AB=CD Which is the Expected Movement From the Ascending Triangle We can Come To The Conclusion That the Price will Reach 35k Soon! -BTC is in an Ascending Triangle -Break out Has NOT happened -(AB=CD) is the Expected Movement -35k is the Target! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
COINBASE:BTCUSDLong
by CobraVanguard
25
#XEC have potential profit up to 100%Here is the reasons to buy XEC: 1. 4 days later will be full moon phase which is human psychology going to more confident in trading. 2. There are ascending triangle bullish pattern in 4hours timeframe. 3. Has been confirmed in multiple strategy like RSI, TSI, EMA 5, EMA 9, etc. Look the green checklist at right bottom. 4. Candle postion in the middle area of swing trend line Higher High and Higher Low which mean XEC on the way to bullish. 5. If you set timeframe 4hour, the candle position is above of MA200. The reasons to not buy XEC: 1. Candle still below of MA50 in daily timeframe. 2. BTC still sideways. Signal : Buy: 0.000053 SL: 0.000048 Conclusion: If you have a plan for trading in short term, this is the good time for you to buy XEC. The risk is around -9.45% but the reward is 90% up to 100%. Note: - This idea is for trading in Spot market. - I'm not your financial advisor, so I don't have responsible about your money.
XLong
by aalfiann
1
Bitcoin Delivers Hopium as the Ascending Wedge ContinuesMy continued Bitcoin analysis gives me great indication that the Digital King has yet to reach its regional bottom. $32.7-8 is expected to be a very key range as for resistance. Based on Elliott Wave Theory and Fibonacci sequencing, $22K-$25K are also expected to be key levels of support. All indications are based on the science of price action! No other indications are used primary however, RSI levels are often considered secondarily.
BITFINEX:BTCUSD
by DigitalSurfTrading
3