Trianglepattren
The BTCUSDT level that I am watching while market goes sidewaysAdding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone.
Note also the downward volume trend as price consolidates further. Looking bullish to me honestly.
BUT...
This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even bigger pullback is also possible of course.
Daily chart indicating that this pullback is now in its 2nd leg down. The 2nd leg doesn't have to go lower than the preceding low (Triangle?)... but we'll see.
Not trading advice.
Multiple patterns on UPL chartsUPL price has given a breakout of symmetrical triangle pattern on friday. Also at strong S&R level now and forming a rounding bottom pattern as well. Closing above this resistance can go higher, next resistance can be the initial target. Price levels mentioned in charts..
BTC Hourly Updatewe had really nice correction for Bat Pattern as i mentioned at the previous BTC Update. After that we see that price is trying to recover itself again.
as you see we have also symmetrical triangle pattern too. there is two strong key level around 40K and 30K which act significantly as support and resistance.
and two vital level as i mentioned as blue are very important in the chart that need to hold.
there is two possibility for price action:
1: going up to the key level, make a double top and start to falling down or break out from triangle and falling down
2:going up and stabilize above the key level and going to hit new ATH
what do you think?
BTCUSDT is inside a triangle, ready to explode? 🦐IF $BTC.X will have a breakout from the triangle and flip the 4h resistance into new support, we can see a new impulse until 43k. According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Ascending triangle break out long term plan BTCIt seems current price action is forming ascending triangle with higher lows in all time frames up to 1d. The above is example in 4h, let's say if we break previous all time high that will be also break out for this pattern. One can open long position at previous all time high after pattern retest. And wait till fibbo level 1.618 from swing high-low from ATH.
Basically breaking above ATH will result confluence of fibbo retracement level(1.618), pattern breakout and price movement towards another strong psychological level of 50k.
Entry Price: 41969$
Stop Loss: 41088$
Take Profit: 48973$
Note: we still have danger of RSI weekly in highly overbought area and indeed ticking time bomb which may explode anytime, always keep eye on the 30k price level
XRP Will Beat $1- 1.5 by 1st quarter 2021(But Haters are Ready!)Like and Subscribe for More Update on XRP.(thanks for the support)
Price action Vs the News, here I must say that Price action speaks volume than the news can catch up, XRP is not just planning a super flight but the plan is to make sure so many miss this particular flight to the Moon.
But come on Makaveli, how About the SEC news and the selloff huh?
Before I answer that let's look at the charts and see why the SEC News could only fuel the next bullish price move the more.
Weekly Chart Pattern Discovered : Inverse Head & Shoulders
This is probably one of the most reliable Trend reversal Pattern Indicators among major reversal patterns.
This particular pattern is associated with a reversal of a downward trend in price. It is one of the more common reversal indications, It is similar to the standard Head and Shoulders pattern, except that it is inverted.
This is a Bullish Pattern, and this pattern must contains three successive lows with the middle low (“Head”) being the deepest and the two outside lows(“shoulders”) being shallower, it is not compulsory but is good to see the two shoulders be of equal height and width( sometimes they are not).
Contrary to the head and shoulders pattern, the inverse head and shoulders pattern occurs after an extended move down.(obviously XRP has been on that down move for long time).
But Just like in the straight Head and Shoulders pattern, the strength of this reversal, measured as the rising amount after the breakout, is proportional to the decline before the pattern appeared.
Daily Chart Pattern Discovered : (Inverse Head and Shoulder Inside a Triangle)
What is a Symmetrical Triangle Pattern?
A bullish symmetrical triangle is a bullish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in relation to the horizontal line.
How do you identify this pattern?
The first line is a bearish trend line creating the resistance also known as downtrend line where the bears(sellers) are packed in numbers ready to shot down anything that moves , this is also called the "resistance line of the bullish symmetrical triangle".
The second line is a bullish trend line creating the support, here the Bulls(buyers) gather in numbers to acquire the muscles(buy pressure / accumulation zone) needed to battle the bears(sellers) at the upper trendline. this support line is also called the "support line of the bullish symmetrical triangle".
For our Daily chart Symmetrical triangle to be called bullish, the movement preceding the triangle’s formation must be bullish.
let's see if XRP case meets this demand below:
To confirm this pattern observed , The accumulation zone(Buyers zone on the lower trendline of the Symmetrical triangle has printed and inverse H & S inside the Triangle bottom trendline very Visible on the 4hrs Chart Below
From all this, I can simply confirm this Bullish plan on XRP will be massive and so many will most likely miss it as a result of the current fluctuation going on in the whole crypto market combined with the SEC News.
But this will only prove that XRP is a sleeping giant and Holders are about to smile by this sleeping Beauty ones she awakes.
Thanks for Reading.
Analysis of #CANBK descending triangle and reversal from supportcheck the chart for analysis description
A symmetrical triangle forms in ETHWhile altcoins have plenty room to grow, ETH forms a new symmetrical triangle.
Comparison of Bitcoin Dominance and OTHERS IndexThe OTHERS index ( total market capitalization of the top-125 cryptocurrencies, excluding BTC and some other top cryptocurrencies) is expected to increase over the next two days as bitcoin dominance decreases.
What do you think?
XVSUSDT is inside a huge triangle 🦐$XVS.X is trying to have a breakout. IF the price will have a breakout and flip the daily resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
LTCUSDTlitecoin is in bullish trend as now its in the triangle pattern but the chart has already breaked all the fib levels and resitances till now (excepts the last one) so the trend is in ranging for next jump
bullish patterns on ETH: 2 targets in sight.1st one = 1344$ (triangle height) - red vertical line
2nd one = 1440$ (uptrend lenght) - blue vertical line
This isn't an advice, just sharing what I think might happen based on what I know so far.
Have a great one! XD
TSLA primed for bullish continuationTSLA has been kicking ass this year! But still looking like TSLA is ready for more.
Ascending triangle formed on the daily with increase in volume at current price. Long entry at 660.20 looking for a 2:1 R:R with stop below the 1h range.
Also, taking advantage of short vertical put w/ 590/585 strikes (right below 1hr range) while waiting for this trade.
Growth potential up to 900% based on the giant triangle patternI have been monitoring the price movement of this chart for about a week
First, it broke the falling wedge pattern in the lower timeframes
This led to the breaking of the triangle pattern which restricted price movements for four months
then it pulled back and placed on the support area
There are many support levels in this area
The price is right above sma50, sma200 and ema200
I do not write much because no one likes to read
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There are several target :
target 1 : fib 1.618 ( about 4 usdt )
target 2 : fib 2.618 ( about 5.5 usdt )
target 4 : fib 3 ( about 6 usdt )
target 4 : 25 usdt ( Based on the massive triangle pattern )
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Sincerely, Little Bob
ETH/USDT - Work in a triangle, strong level (magnet)Today, I will continue yesterday's analysis on the ETHER.
As I wrote, we have a slice magnetic level, after which an impulse happened.
The targets are set correctly, and at this time, as well as yesterday, I also expect a breakdown of this wedge (ascending) triangle, and the price hike to the values that I indicated for you on the chart.
I am not fixing profit yet, I will only move the stop loss to 725.
Be attentive - as some indicators have not moved yet - and this may mean a false breakout, and a return in price.
If you are not yet in position - wait for the price breakout behind this triangle, creep above it by 4h TF and volume - then long, definitely.
If this does not happen, the price will go down to the magnetic level, and the price will be broken down until the $ 700 update for 1 ETH
UNIUSDT is going to pump Again!!In the picture, everything is written, according to head and shoulder pattern and triangle and a strong resistance break we expect a pump after breaking the gold line.
possible break out between January and February 2021The chart speaks for itself, if the trend keeps going like that between end of January and beginning of February this should break out. I didn't draw it here but the expected pump should be around 147% from the confirmed break out point
EURAUD Buy1. Long-term trend - price ranging sidewards.
2. In the shorter-term the downward trend is expected to reverse as the price is about to hit the SUPPORT level as well as the merging triangle pattern.
3. the price level is likely to bounce back and froth between the resistance levels, but is expected to keep rising in the next few weeks.
USD/JPY- Triangle PatternUSD/JPY is making a symmetrical triangle and trying to reach the upper line of the triangle. The trend will hit an upper trendline of the triangle by crossing the following level 103.507 - 103.566 - 103.585 . After that, there will be a reversal, and the target will be 103.500 - 103.400 - 103.300 - 103.100 .
But if it does not stop to move upwards. And crosses an upper trend line, then it will hit the following levels 103.600 - 103.670 - 103.750 .
USDJPY SHORT NEWWe recognize a bearish channel so we go short, it helps us to know that we are breaking a triangle pattern.
Good luck!
FX:USDJPY
