Waves WAVESUSDT - Impulse Elliott Wave completed! Bounce soon.- As per my Elliott Wave count - we should be in the end of the current downtrend.
- Impulse Elliott wave is completed with 5 successful waves.
- We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation.
- I think wave 4 is a resistance and we can target this level (around 31 USDT).
- On the RSI indicator we can spot a huge bullish divergence.
Ascending Triangle
LONG ON USD/CADPrice has broken above resistance on a ascending triangle.
It has retested the old resistance as new support and currently has a hammer candle that has formed.
Plenty of room to move up on top of the DXY being strong this morning.
CHF/JPY Ascending Triangle on the H4 TFCHF/JPY is approaching a Daily High with an Ascending Triangle on H4.
Looking to capitalize off of it in either direction.
In stock market or crypto it has a higher chance of breaking to the upside but with currencies we have to be more cautious,
so will trade accordingly, waiting for the break to either direction and then execute our position on the retest.
Not a financial advice
ATOM is at the bottom of its ascending channel. Will it bounce?Looks Like ATOMUSDT is at the bottom of its ascending channel and on demand zone. It can move at the bottom a bit and go up or create a fake break out as it did before and travel to the top of its channel.
Comments please..
This is not a financial advice.. Please DYOR before opening any position.
Cheers
DOT: +$250DOTUSD
Technically and fundamentally, DOT has the potential that reaches $250 by 2024. let's see where it goes.
Dollar vs Bitcoin: who wins?Hey guys.
In this study I compare the dominance of the dollar in the crypto market, against the price of Bitcoin.
The dominance of the dollar in stable coins represents the percentage of capital in this asset in relation to the cryptocurrency market as a whole.
When this percentage rises, it means that people are more positioned in dollars.
On the contrary, when the percentage drops, it means that there is a higher positioning in the other cryptoassets.
If we look at the dominance of stable coins, such as 'USDT.D' (Theter), 'USDC.D' (Circle), etc., and compare with Bitcoin,
we can say that there is a negative correlation.
In the graph at the top that I present to you, I added the dominance of all the important stable coins -- USDT, USDC, DAI, UST, BUSD, HUSD, USDK.
And not to leave out the weight of the traditional market, I also added the DXY (U.S. Dollar Currency Index).
In this one I divided the value by 100, aiming to have a more adequate measure proportion.
On the bottom chart of the screen we have the price of Bitcoin, in an ascending triangle, which is a bullish pattern.
Fact. Regardless of war, pandemic, FED, news or whatever.
We have two important regions within the parallel channel, within the dollar chart: every time the value reaches the top of the channel, we have strong Bitcoin appreciation; and every time the value reaches the bottom of the channel, we have a strong devaluation of Bitcoin.
In the current scenario, we are in an important region, indicating a possible depletion of dollar strength, through a 'shoulder-head-shoulder' graphic formation, which would be a bullish scenario for Bitcoin.
However, not everything is flowers.
Imagine that you are a whale (if you are, congratulations), and knowing the value of BTC and everything it represents (of you being your own bank, having the freedom to do whatever you want with YOUR money, regardless of parasite politicians), you want to acquire more BTCs.
Well then, what would you do? I would try to buy it as cheaply as possible.
And that includes manipulating the market, creating fear, panic, FOMO (...) (not that I would)
We are seeing a flurry of news, both for the positive and for the negative...
saying that institutional X acquired millions of Bitcoins... that company Y adopted Bitcoin as a form of payment.
'Everyone is buying, now I'll be a millionaire'...
Meanwhile, proponents of the apocalypse always claim that the end of the world is coming: 'war on Ukraine',
'new pandemic wave', 'Fed monetary tightening'...
All this for the sardine to get confused, buying top and selling bottom, and rotating equity.
Who wins are the brokers with the brokerage fees.
And even if it makes sense to execute a sell trade in bottom (imagining the world is going to end), there is always a buyer on the counterparty.
Just to reflect.
So watch out for the news.
AutoFarm AUTOUSDT - Best buying opportunity! + Wedge + Rectangle- We have a huge falling wedge on the daily chart, which can lead to a massive breakout!
- Also we can see a bullish rectangle pattern currently forming on the chart.
- You can buy breakout above the rectangle + wedge trendline (above 550 USDT).
- Due to my Elliott Wave count, we have a completed Impulse wave (1-2-3-4-5).
US Stock In Play: $KBR$KBR - displaying an ascending triangle pattern & HTF after surging +27% from its wedge breakout in feb.
range is tightening up over the past 3 weeks with the overall market weakness not reflected in this name.
strong growth in revenue numbers in both QoQ and YoY.
NEO's bullish Trend Explained.NEO was in an Ascending Triangle & Recently The Break out Has Happened.So This Means the Price can Increase Freely.an Important Resistance Sits at 29.64$ If The Price manages To break this Resistance, The way to 38$ has No Difficulties. Since The Pattern is the Ascending Triangle, It means We Can Expect The Price To Increase as Much as The Measured Price Movement(AB=CD)
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Thank you for seeing idea .
Have a nice day and Good luck
Jamie's Gun2Head - Buying CH20 Jamie's Gun2Head Idea.
Ascending triangle formation breakout. Buying a break of previous resistance, looking for a move towards the 78.6% Fibonacci retracement.
Ascending Triangle for Bitcoin??BTC appears to be consolidating in an ascending Triangle, the exception target in a bullish scenario is approximately 200k.
Hard time believe until it happens.
We've seen a rejection at the 200 DMA,
and a bearish divergence.
Bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a previous rally. Class A bearish divergences often signal a sharp and significant reversal toward a downtrend.
13k is my bearish scenario with a classic gap fill, unlikely but possible.
Ascending Triangle in the XLEThe Macro trends of 2022 are no secret to any of us. Sky rocketing inflation and the war in Ukraine have lead to soaring energy costs around the world. As a result, Oil has seen a period of extreme volatility, reaching a high of closing high price of 129.44 on March 8th. As a result, the XLE has followed suit and is up about +30% year to date. Exxon, the largest holding in the XLE, reports earnings on April 29th and has expressed that the anticipate setting record profits. Buy the rumor?
The XLE appears to be forming a nice Ascending Triangle, which could be suggesting a bullish continuation. The Ascending Triangle isn't a particularly strong pattern from a statistical perspective with only about a 60% chance of realizing the bullish continuation. Take it with a big grain of salt, but there is also a very slight Hidden Bullish Divergence on the MACD. Nevertheless, it warrants paying attention to as a potential swing trade.
A lot will depend on what Oil does, and the fact that XOM and CVX are reporting earnings on the 29th muddies the waters a bit. However, it could offer a nice opportunity for a shot in the dark trade to the upside looking for a pop the upside in advance of the earnings. Maybe something like an OTM Call spread around the .30 delta in XLE 30 days out or so...
Biocon Long IdeaIf you like the idea kindly like, follow and support me. NSE:BIOCON has formed 2 beautiful chart patterns i.e. Ascending Triangle and Cup & Handle Pattern. It is trying to go for a breakout but the real rally may begin above 353. It is having a support zone of 325-330. Ideally, the target of Cup & Handle Pattern is the height of the Cup and stoploss is the bottom of the Handle. This idea is for chart learning purposes only, if you want to trade then trade with your own risk, proper money and risk management. And always trade with a stoploss guys.
LONG ON GBP/JPYPrice has broken out of a major ascending triangle
It has made higher high and higher lows from a mini support level with a bullish engulfing candle.
Here is the play I will be taking on this pair:
MARKET BUY NOW
P = 161.999
SL = 161.460 - 56 PIPS
TP = 164.020 - 200 PIPS
There is Ascending Triangle on BTCThere is Ascending Triangle bullish pattern on $BTC today..
#BTC #BullishPattern #Bitcoin
Litecoin LTCUSDT - Massive falling wedge+ Bull pennant breakout!- Litecoin is currently breaking out of the bullish blue pennant on the daily chart!
- Looks like retest is done and we can continue to the upside.
- We have a huge falling wedge on the weekly timeframe, but bulls still need to confirm their bias.
CHFJPY BREAKOUT CHFJPY has hit all time record with this mad bull run we have seen in the past months. We are currently in an ascending triangle and we do believe price will break out bullish. The TP's you can see cover the gap between the break up to the yearly highs last year. Altogether there is a nice 200 pip move if we do fill this setup
EURUSD ASCENDING TRIANGLE BREAKOUTEURUSD has been bearish for quite some time now and a break bearish would not be surprising at all, as soon as we close below support we will be entering
AVAXUSDT is testing the weekly resistancethe price is going to retest the key level of 98.75 (weekly resistance)
On the daily timeframe, the price flipped the 90$ area and retested as new support.
On 4h timeframe, the price is creating an ascending change below
the main resistance.
How to approach?
For the bullish scenario, the price needs to have a new breakout from the weekly and ascending channel . According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Ascending Triangle points to 179.5 swing trade set upswing trade 179.50 based on the AD showing me an ascending triangle target 179.50
IOST IOSTUSDT - Big ascending triangle on the weekly chart!- IOST is very bullish on the weekly chart.
- We have an ascending triangle, which indicates us huge bullish pressure.
- 1.618 FIB extension profit target from first waves.
- Volume is definitely bullish as you can see.
GBPUSD ShortOANDA:GBPUSD
GBPUSD broke structure and made a retest on resistance along with a bearish engulfing candle
USD/CAD: Ascending triangle U.S. Dollar/Canadian Dollar forming an ascending triangle in formation that we need to hope an entry to long position in USD/CAD. This trade have a projection to find up 87 pips. Meanwhile, it's required to hope the economical news in U.S. Dollar and Canadian Dollar and what will be happen for tomorrow combining with this technical analysis.
This it's the H4 timeframe panoramic and what Il look because we could to go back to the upside to find up the resistance key at $1.2600 CAD approximately what in the past weeks we forming a consolidation in that zone.
We're in the important reaction that we would to be cautious to trade this par becuase we have chance to going to the upside. As also, we have 2 potential target to reach in this Daily fibonacci at 0.382% and 0.618%.
But we hope this trade to long position following my perspective
I will update this par until break out the $1.2530 CAD, I will put my alarm on this zone.
