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FILUSDT → Weakness in altcoins will manifest itself in decliningBINANCE:FILUSDT after a false breakdown of the 3.800 range resistance is giving signs towards the continuation of the decline. The coin is in a global and local downtrend and there are no reasons to change direction. The focus is on the support of 3.688. Altcoins are extremely weak on the back of bitcoin's strong rally. The dominance of the flagship is currently at record highs, and the altcoin season has not arrived and apparently will not come anytime soon. Bitcoin is testing strong resistance zones and cannot grow all the time. Any short-term reaction can affect the entire cryptocurrency market, which will color the coins in the red. Support levels: 3.688 Resistance levels: 3.800 Technically, relative to 3.688 a descending triangle is forming after a false breakdown of the range resistance. It is a rather strong conglomerate. Breakout of 3.688 and price consolidation below this area will provoke further selling and price decline to 3.4 - 3.3 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:FILUSDT ;) Regards R. Linda!
Short
by RLinda
9
Sold 1/2 Bitcoin. Raised Stops.Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel. All along the big resistance target I have discussed has been 68k. I still believe we could break through it, however, the chart is beginning to disagree. Inside of my descending channel (which is bullish long-term) we have this ascending wedge pattern beginning to form (this is bearish). If correct and it plays out, it would take us all the way down to 48k. Sound significant? Yeah, that’s ‘cuz it is! You’ve heard me discuss 48k many times in the past. It is the neckline of a larger inverse head and shoulders pattern seen on the weekly chart below. We wicked down once in an attempt to kiss and retest. But that may not have been enough tongue action for these bears? Mark this wedge out on your charts and watch it closely. It is significant. And if it breaks? To 48k we’ll go.
INDEX:BTCUSD
by stewdamus
USDJPY Triangle Could Activate with US Retail SalesUSD/JPY is consolidating in a triangle pattern ahead of the US retail sales figures and the ECB rate meeting. The ECB is expected to cut rates and may hint at more cuts due to inflation falling below 2%. If they turn dovish, it could help USD/JPY break to the upside. US retail sales data, likely to have a bigger impact on USD/JPY, follows the ECB meeting. According to the triangle pattern, a break above 149.87 could push the price to 150.98, while a drop below 149.14 may signal a reversal. Ideally, strong US data and a dovish ECB would lead to a clean break to the upside, as trading against the uptrend in USD/JPY is likely to be challenging. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
Will Ethereum Break Free?The next few days will be interesting for Ethereum traders and HODLers. The price has been stuck in a large sideways pattern for roughly 70 days and has formed a shorter triangle pattern over the past 54 days. Following such consolidations, a strong breakout is often expected, making Ethereum particularly intriguing right now, especially as Bitcoin attempts to exit its own consolidation phase. For Ethereum, the price is confined within a triangle pattern. The downward trend line is drawn from the highs of August 24th, September 27th, and October 15th, while the upward trend line connects the lows of September 6th, October 3rd, and October 10th. These two lines form the triangle, and a breakout could lead to a potential gain of $619—about 23%. However, triangle patterns can be unreliable, which is why we also focus on the high from September 23rd at $2,710. A break above this level would confirm the triangle breakout and strengthen the likelihood of a successful move. After the breakout, the key is that the price shouldn’t fall back into the pattern too deeply. For example, trading below $2,584 would negate the breakout and signal that the price might remain within the pattern. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:ETHUSD
by ThinkMarkets
GOLD - Price can exit from triangle and rise to $2700 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to flat, where it some time traded near support area and then fell to bottom part. After this, Gold made upward impulse, thereby exiting from flat and breaking $2530 level, and then entered to triangle. Soon, price broke $2625 level and reached resistance line of triangle, after which made correction. Price some time traded near $2625 level and even fell to support line of triangle, but soon backed up, making a fake breakout. Also recently, Gold made a gap and now trades close to resistance line of triangle, so, I think it can make a little correction firstly. Then price turns around and bounces up to $2700, thereby exiting from a triangle pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5
GBPJPY Approaching Breakout from Ascending Triangle PatternGBP/JPY has been stuck in a range for about 19 days. This range now resembles an ascending triangle pattern, with a potential break above 195.78, which could lift the price by 381 pips to 199.70. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
BTC Breakout Watch: Big Move ($80K) Incoming? Hey everyone! If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more! Bitcoin (BTC) is looking strong here. It’s forming a cup and handle pattern on the 6-hour time frame and also appears to be breaking out of a symmetrical triangle. Right now, BTC is retesting this breakout level, and if it holds and bounces, we could see a powerful upward movement in the coming weeks. 📈 Target: $80K 🚀 Stop Loss (SL): $61.7K What do you think of BTC's current price action? Are you spotting this bullish setup too? Share your thoughts and analysis in the comments below! Let’s ride this wave together!
Long
by CoreCrypto1
Will XRP going to the moon? Always Disclaimer: Not advice to buy or sell a specific asset. Just share my thought on this. Symmetrical Triangle : The price action appears to be forming a symmetrical triangle pattern, with the upper resistance and lower support lines converging. This suggests a potential breakout point in the near future as the price tightens within the pattern. The symmetrical triangle is generally considered a neutral pattern but often leads to a strong directional move once a breakout occurs, either upwards or downwards. Support Levels : The price is hovering around $0.5482, which seems to be a level of consolidation. If this level holds, it could act as a support, preventing further downside. The next key support level appears to be around $0.47. Resistance Levels : The top of the triangle indicates significant resistance around $0.65. A breakout above this level could lead to a bullish movement towards $0.75 or even higher, potentially challenging $1.00 and beyond depending on market sentiment. Volume Consideration : It’s also important to monitor the volume closely. A breakout from a symmetrical triangle typically needs to be supported by higher-than-average volume to confirm the direction of the move. Conclusion If XRP breaks out above the triangle's resistance (~$0.65), there could be a strong bullish continuation. If it breaks down below the triangle's support (~$0.47), there could be a bearish move to test lower support levels. This is a crucial time for XRP as the price approaches the apex of the triangle, signaling that a significant move is likely in the coming weeks.
Long
by YogaID
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice. STOCHASTIC UPTREND MACD UPTREND & BREAKOUT OVER ZERO LINE RSI UPTREND STOCK PRICE UPTREND SYMMETRICAL TRIANGLE BREAKOUT - MEASURED TRIANGLE: 727 BARS - BREAKOUT MOVE 727 BARS HIGHER (86.87%) $15.63 - TAKE PROFITS: TOP OF THE TRIANGLE (39.78%) $11.70 - STOP-LOSS BELOW MA's AND VOLUME SHELF 2.5 RISK TO REWARD (15.89%) $7.04
NASDAQ:SOFILong
by RonnieV29
5
STORJ/USDT Breakout Alert: Ready for a Major Move!Hey everyone! If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more! STORJ is looking strong here! It has just broken out of a descending triangle on the 2-day time frame and is showing great potential for an ATH (All-Time High). This could be the perfect opportunity to buy and accumulate on dips for big gains. Entry range: CMP and accumulate up to $0.42 Targets: 150% - 200% upside 📈 Stop Loss (SL): $0.33 What do you think of STORJ's current price action? Are you seeing a bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
Bitcoin can exit from triangle and continue to declineHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a few moments ago entered a downward pennant, where it soon declined to the resistance level, which coincided with the seller zone and broke it. Then the price dropped to the support level, and even later entered the buyer zone, where it reached the support line and at once turned around and started to grow. In a short time later BTC reached the resistance line of the pennant, exited, and then made the correction. After this, the price rose to the 63300 resistance level, broke it, and even rose higher than the seller zone, but soon turned around and started to decline inside the downward triangle. Price broke the 63300 level and fell to the support level, where some time traded near and later dropped to the support line of the triangle. Soon, BTC turned around and broke the support level one more time and grew to a resistance level, but a not long time ago it turned around and fell to the support line of the triangle. So, in my opinion, BTC can rise a little and then rebound down, thereby exiting from the triangle. Also then it can continue to decline, therefore I set my TP at 61200 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
ORDIUSDT 4H - Bullish breakout zoneORDIUSDT 4H - Bullish breakout zone If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies in a VISUAL and PROFESSIONAL way, as we present in the analysis. Thank you! _______________________________________________________ ORDIUSDT 4H - Bullish breakout zone ORDI is about to break its resistance. We only have to set a Stop Loss below the dynamic support in case it turns around. If it breaks the dynamic support, it could look for the base at $21 again to make a double bottom. _______________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Long
by DeuXfi