DOGE to $1? Breakout Confirms Bullish Momentum! COINBASE:DOGEUSDT has broken out of a classic ascending triangle, signaling a strong bullish move. With MARKETSCOM:BITCOIN smashing through $100K and reaching new all-time highs, CRYPTOCAP:DOGE could be next in line for a significant rally. The breakout positions CRYPTOCAP:DOGE to target the psychological $1 level, marking a potential new all-time high. Traders should monitor support at the breakout zone and keep a tight stop loss to manage risk effectively. Always remember, risk management is key in volatile markets!
COINBASE:DOGEUSDT Currently trading at $0.45
Buy level: Above $0.44
Stop loss: Below $0.36
Target : $1
Max Leverage 3x
Always keep Stop loss
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Triangle
AUDUSD: Bearish Continuation Signal 🇦🇺🇺🇸
AUDUSD set a new lower low lower close on a daily,
violating a support line of a descending triangle pattern.
It indicates a continuation of a current bearish trend.
We can expect a bearish movement to 0.64 level
with a consequent continuation to 0.637
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AI Pattern Recognition Bot: Triangles, Cup and HandleH ello,
This is what my AI pattern recognition bot came up with:
AI recognized the following chart patterns: Triangle (White and Blue), Cup and Handle (Green)
Computing Resistances: Local Top - $3700 (Red), Triangle Tops - $3900-$4000
Potential Trade: Long until the psychological resistance at $6000
Target Price (Cyan): $6000
Stop Loss: Triangle Breakdown - $2000
AI recognized two different triangles on the chart: the white symmetrical triangle and the blue triangle. These triangles define the white and blue support and resistance levels. Furthermore, there is the red resistance level from local tops. If Ethereum can break resistances, it might visit the psychological target and resistance at $6000. If Ethereum falls to $2000, the triangles might break down, which would have a bearish indication. Historically, similar triangles usually break upwards with a 63.5% chance. Cup and Handle pattern often breaks up with a 70.5% chance. In general, I expect Ethereum to break the chart patterns upward and initiate momentum into the cyan target price.
Regards,
Ely
Triangle Consolidation on Bitcoin (BTC)Hello,
Current Price: $94k.
Chart Pattern: Triangle
Trend: Consolidation/Sideways
Trade: You may try a long position if BTC stays within the triangle or breaks upwards. Breaking the triangle downward would invalidate the long position ideas and have a bearish indication.
Regards,
Ely
Xrp : Ghost Feed of Last Pattern overlaid on new 1+2 Fib TargetUsing a 1 + 2 (Green) Higher High and Higher Low, we can find the Fib Extensions between the 1.618 and 1.7886 sitting around $30 - $50. (This usually gets overshot and retraced to in bull markets...)
Using a Ghost Feed on a Logarithmic Scale, (Which preserves percentages of gain in a visual way...) We can also find that the previous pattern seems to adhere to those target Fib Extensions (As it would have proportionally with past extension targets...) and can give us a ballpark example if history were to repeat itself. (Although each time it uses different noise and retracements to arrive at the same targets...)
The Timing may also be different Due to worldwide events and time tables...
The potential Cycle high may be as much as $264! (Which also adheres to a measured move based off the 6-year triangle target)
It most likely won't take 6 years to retrace next time as the SEC stuff is past now...
Good Luck out there!
XRP Roadmap!!!(Short-term)I hope you had a good weekend .
According to the news about XRP , I decided to share an analysis of it with you today.
So stay with me.
Ripple is planning to launch RLUSD Stablecoin on December 4th , which increased the price of the XRP( BINANCE:XRPUSDT ) token.
" Ripple is set to release RLUSD, a stablecoin backed by NYDFS approval. This strategic move enhances Ripple's foothold in regulated digital finance and strengthens its position in the stablecoin market, challenging giants like USDC.
RLUSD will provide a stable pairing for XRP amid Ripple’s ongoing legal battles.
Partners like Bitstamp, Moonpay, and Uphold are on board, ensuring compliance with top-tier transparency and security standards. "
Of course, we should be careful with this proverb: " Buy the Rumor, Sell the News ", of course, it depends on the cryptocurrency market conditions on December 4th , if the crypto market is bullish on December 4th , we can expect the continuation of the upward trend of XRP.
Now, let's go to the Technical Analysis of XRP .
XRP is currently moving in a Heavy Resistance zone($2.00-$1.50) and has so far failed to make a new All-Time High(ATH) (on the Binance exchange ).
Also, from the point of view of Classic Technical Analysis , it seems that XRP is moving inside an Ascending Triangle .
According to Elliott wave theory , XRP is completing microwave 4 of microwave 5 of main wave 3 .
I expect XRP to drop( -7% ) to at least the Potential Reversal Zone(PRZ) , Uptrend line , and 100_SMA(4H-TF) after breaking the lower line of the ascending triangle pattern .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️Note: If XRP can break the Heavy Resistance zone($2.00-$1.50), we can expect more XRP pump.⚠️
⚠️Note: If XRP goes below PRZ and Uptrend line, there is a higher possibility of a decrease.⚠️
⚠️Note: If XRP goes below $1.50, we can expect more dumps.⚠️
XRP Analyze (XRPUSDT), 1-hour time frame⏰.
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Quant on the rise after goldencross helps confirm triangle breakQuant essentially confirmed its breakout upward from the symmetrical white triangle around the exact same time it had its goldencross. You can also see a light yellow channel it has also broken up from, upon reaching the target of the white symmetrical triangle breakout, Quant should then be able to break upward from the blue channel as well which has a breakout target that can send Quant back to retesting it’s previous all time high. *not financial advice*
$BTC - Steeper correction if below $93500Hi guys! 👋🏻
🔔 Lacking momentum and liquidity and it's time for correction
🔔 I believe it's too early for $100K and time to get rest before the next run.
🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse.
🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier.
🔔 Triangles could be tricky, so watch for a breakout before making any decisions.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Symmetrical Triangle on BTCI can see a symmetrical triangle forming in BTC, a neutral pattern. I can see it will break this triangle by the end of the week. If it falls it may go back and retest the 90k support, which gives more opportunity to get and get some nice positions for the alts (I know BTC dominance is getting lower but if it goes back to 90k it will most likely pull down the majority of alts. And if it breaks out, we might see a new all-time high.
FMC Technologies | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# FMC Technologies
- Double Formation
* A+ Set Up | Triangle Bias At 18.90 | Subdivision 1
* Retracement | 0.5 & 0 | Continuation & Ranging Template
- Triple Formation
* Neckline | Visibility At 23.90 & 22.55| Subdivision 2
* Pattern Structure | Left / Head / Right
* Retracement | Uptrend Bias Entry Area | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Scenario on NZDUSDHere I see a quite similar scenario as in the audusd analysis, it is quite possible that we have already established a sfp low after support where the price continues to consolidate, so from my point of view a final triangle is possible from which I would like to look for a long set up on the exit
Brent Crude Oil Wave Analysis 3 December 2024
- Brent crude oil rising inside daily Triangle
- Likely to rise to resistance level 74.00
Brent crude oil recently reversed up from the support trendline of the daily Triangle inside which the price has been moving since September.
The upward reversal from this support trendline stopped the earlier impulse waves iii and 3 – which belong to the medium-term downward impulse sequence (3) from the start of October.
Brent crude oil can be expected to rise further to the next resistance level 74.00, coinciding with the resistance trendline of this Triangle.
GOLD - Price can correct to support line and start to riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it rose to $2715 level and broke it, after which made retest.
Then it rose to resistance line of channel, after which little declined and then continued to grow.
When price rose to $2790 points, it turned around and started to decline, thereby exiting from channel.
Gold continued to fall inside triangle, where it fell until to $2537 points, breaking $2715 and $2605 levels.
Price rose to resistance line, breaking $2605 level, after which made correction and now XAU rising near support line.
Possibly, Gold can bounce up from support line to $2715 resistance level, exiting from triangle.
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The last bullish chance of ADA in Short term!Cardano managed to break two ascending patterns a few hours ago, as you can see in the chart. Now, the price can drop to within the triangle to liquidate traders' positions, and I have identified the support point. However, it should not be forgotten that the price can easily go up to $1.23.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Scenario on AUDUSDAt the end of this movement I see a final triangle forming after which an upward movement should occur, but since we still have relatively strong support at 0.63900, it is possible that the price could test this support and then after rejection the price could finally establish an SFP. Another scenario could be that the price rises immediately after the wave is completed, and for now it is just a look, nothing is finalized.
Graphite Ready To Flyy!!!Buy GRAPHITE at 524 and all dips...
Target1 - 765
Target2 - 908 (if closing above 908)
Target3 - 1030
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only.
I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
CHFJPY: One More Buying Opportunity 🇨🇭🇯🇵
One more buying opportunity for today is on CHFJPY pair.
After a test of key daily support, the price formed an ascending
triangle pattern on an hourly.
We see a positive bullish reaction of the price after a breakout of its neckline.
The pair may reach 169.45 level soon.
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RGR 10/14/2023RGR
Daily chart analysis
RGR experienced an uptrend between March and August 2020. The uptrend was broken in August, leading to a sideways market / distribution stage that persisted for the next two years until August 2022. Following this, the price broke down from the sideways market, entering a downtrend with a sharp move down and finding a bottom at the end of September 2022.
A pullback occurred after the breakdown, lasting throughout Q4 2022. The price pulled back to the previous support area, attempting to turn it into resistance and continue the downtrend. Since the pullback, the price has been consolidating in the form of a descending triangle throughout 2023.
Currently, the price sits at the resistance area of the descending triangle. Concurrently, there's an 'overbought' signal on the stochastic indicator, and the price is under the 200ema.
RGR is presently in a bearish pattern (descending triangle), at a resistance level with an 'overbought' signal, and the previous trend was/is downward (price under the 200ema). These factors collectively suggest a high probability for a short trade.
Entering trade short
Entry: 54.34
Stoploss: 57.27, -5.39%
Target: 40.11, +26.11%, 4.84 RR ratio