Get started

Symmetrical Triangle

GOLD → False or true resistance breakout?FX:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel and symmetrical triangle. The struggle that has not ended creates risks for both buyers and sellers. Economic problems in China and Trump's policy risk continue to support gold. Inflation expectations are rising amid rising oil prices and the outlook for trade policy in the US. Friday's NFP report showed strong employment growth, making it less likely that the Fed will significantly cut interest rates in 2025 Traders' attention is also focused on CPI data to be released on Wednesday and its impact on future Fed policy. Resistance levels: 2690, 2700 Support levels: 2685, 2678, 2665 At the moment, the price is in consolidation above previously broken resistance. If there is no bullish momentum and the price makes a false break of the channel resistance, in that case gold may go down to 2678 - 2665. BUT, a break of the local downside resistance could trigger buying and upside to targets: 2700 Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
EURCHF strong bullish expectations for next periods OANDA:EURCHF highly interesting chart, many pulls back, strong zones and nothing special we are not see still, here having strong bullish expectations for next periods, let's analyze. Trend line visible (doted line), price is make few push on her, but we can see there are not bi with some strong returns, long moves, after pushes are come pull backs. Currently price is on strong zone, and SYMMETRICAL pattern is visible and ASCENDING TRIANGL pattern is visible, their structure are much more better visible on lower TFs 2 and 1h. Here on todays events expecting bullish push SUP zone: 0.93700 RES zone: 0.94750, 0.95000
Long
by DepaTrading
GOLD → Paranormal growth on the back of strong NFP...FX:XAUUSD is rising with the dollar and strong NFP data. Those who shouted that the metal is ceasing to play the safe haven function are very much mistaken :) The surprise of rising NFP data and rising gold, which is not specific in this context, surprised the market quite a lot. After all, rising data points to a more hawkish stance of the Fed and generally medium-term policy in the US. But based on the environment, we can say that gold is rising because of the risks of the policy of Trump, whose inauguration will be held on January 20. Now all eyes are on the US Inflation data. The upcoming week, will be quite interesting. Technically: GOLD is breaking the consolidation resistance (symmetrical triangle) and is trying to consolidate above this boundary. Most likely, the struggle will continue and the price may test the previously broken figure boundary or liquidity zone 2675 - 2664, which will determine the further development of events. Resistance levels: 2698, 2721, 2750 Support levels: 2675, 2665 The situation is quite unstable, as there are too many factors putting pressure on the prices. Accordingly: if after the retest the bulls are able to keep the price above 2680-2690, the growth may continue in the mid-term ( till January 20 approximately ). But! If the bullish structure will be broken and bears will start to keep the price below 2680, it can provoke correction to 2665, 2650. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
12
STORJ Breakout Loading Is a Bullish Surge on the Horizon?Pattern and Setup Symmetrical Triangle Formation. A bullish pattern indicating potential upward momentum. The price is currently consolidating within the triangle, nearing a potential breakout point. Key Levels and Targets Trendline Resistance at $0.70 this is a critical breakout level to watch. Breakout Confirmation above $0.70 could lead to a significant upward move. Strategy Wait for a clear breakout with strong volume above $0.70 for a bullish entry. Upside potential will depend on market conditions and momentum after the breakout. Risk Management Consider placing stop-loss levels below the lower trendline or recent support to manage downside risk. Target prices can be adjusted as the breakout unfolds, monitoring resistance zones. Insights Symmetrical triangles often indicatecontinuation, and this setup leans bullish. However, always confirm with volume for stronger conviction. Stay alert for false breakouts or a downside breach if momentum fades.
Long
by wsaetos
ALGO's expected movement!BINANCE:ALGOUSDT ALGO is in a symmetrical Triangle which means we can't be sure of the coming movement. BUT! Ichimoku cloud shows a positive sign to us which means the price can increase to the top of the pattern easily👍 ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by CRYPTONIC_trend
2
BTC/USDT Pullback to Key SupportThe chart highlights Bitcoin's breakout from a symmetrical triangle formation, followed by a pullback to a critical support level. This price action indicates a period of consolidation before the next significant move. Key Observations 1. The breakout from the symmetrical triangle has propelled the price upward, signaling bullish momentum. 2. The area around $97,100 is a crucial support level where buyers may step in. 3. A breakdown below $97,100 could lead to further downside, indicating a continuation of the pullback. 4. If the price holds above this support, a strong bounce and continuation of the uptrend are expected. Strategic Implications Monitor the $97,100 level closely. A strong defense of this support could provide an opportunity for long positions, targeting the next resistance levels. Conversely, a confirmed break below $97,100 would warrant caution, as it may signal further downside. Patience and careful observation are essential to capitalize on the next move effectively.
by wsaetos
ARB/USDT Symmetrical Triangle Breakout with Pullback OpportunityThe chart depicts a Symmetrical Triangle pattern, indicating a phase of consolidation followed by a confirmed breakout to the upside. Currently, the price is undergoing a pullback, presenting a potential opportunity for entry within the retracement zone. Key Observations 1. The Symmetrical Triangle structure has already been breached, signaling the continuation of bullish momentum. 2. The price is retracing towards the $0.85–$0.84 zone, which aligns with key support and represents an attractive area for accumulation. 3. The projected target post-breakout is approximately $1.00, consistent with historical resistance levels and the triangle's measured move. Strategic Implications Focus on the pullback as a buying opportunity near $0.85–$0.84. Ensure the pullback holds within this range to confirm support and validate the bullish setup. Look for signs of reversal, such as bullish candlestick patterns or increased volume, to reinforce confidence in the trade. Set a stop-loss below $0.80 to mitigate downside risk, while aiming for the $1.00 target as the primary profit zone.
Long
by wsaetos
XRP → Consolidation before the breakout and rally ↑BINANCE:XRPUSDT has been in consolidation for a little over a month after a strong rally and this is a good sign indicating that there is still strength in the market. And as we know, consolidation at some point turns into distribution The symmetrical triangle in our case has the character of a consolidation pattern, the purpose of which is the continuation of the trend. Buyers are aggressively defending the support zone, forming a cascade of levels. But more remarkable concerning the pattern is the consolidation 2.5 - 2.337, which is formed near the triangle resistance. Consequently, we can assume that the market is accumulating strength to break the resistance. Fundamentally, the project has very good prospects after a long and protracted winter. Trump's victory and the changes provoked by him have a favorable impact on Ripple. Resistance levels: 2.5, 2.73, 3.05 Support levels: 2.337, 2.2, 2.00 Accordingly, the realization phase will start after breaking the resistance of 2.5. Thus, we can assume that the exit from the accumulation will be upward, which can also be helped by a bullish and growing bitcoin. Regards R. Linda!
Long
by RLinda
2
Waaree Energies Forms Symmetrical Triangle: Next Steps...?WAAREE ENERGIES is currently developing a symmetrical triangle pattern on its price chart. This technical formation suggests that the stock is consolidating, with decreasing volatility as it approaches the triangle's apex. At this time, the share price has bounced off the lower trendline of the triangle, which is situated at the 2820 price level. This rebound indicates potential support at that level, suggesting that buyers are entering the market. If WAAREE ENERGIES successfully breaks out above the upper trendline of the triangle, we could possibly see a significant price movement, signaling a bullish trend. Traders should closely monitor key levels and volume as the pattern unfolds to capitalize on any potential breakout.
NSE:WAAREEENER
by Kartik_Elkunchwar
VANRY/USDT Breakout Alert: Ready for a 100%+ Rally!!🚀 Hey Traders! 👋 If this setup excites you, hit that 👍 and smash Follow for trade ideas that deliver real results! 💹🔥 VANRY: Primed for Liftoff! 🚀 VANRY is breaking out from a symmetrical triangle on the 4-hour timeframe and has successfully retested it. The chart is screaming bullish potential, and this could be the start of an explosive move! 📍 Entry Range: Current Market Price (CMP) – Add more up to $0.115 🎯 Target: 100-120% upside potential 🔒 Stop-Loss: $0.108 ⚖️ Leverage: Use low leverage (Max 5x) to manage risk 💬 What’s Your Take? Do you see the same explosive potential in VANRY? Share your analysis, strategies, or predictions in the comments below. Let’s capitalize on this opportunity together and secure those massive gains! 💰🌊
Long
by CoreCrypto1
RENDER/USDT Breakout Alert: 200%+ Pump on the Horizon?🚀 Hey Traders! 👋 If this setup resonates, smash that 👍 and hit Follow for trade ideas that deliver results! 💹🔥 RENDER is looking primed for action! It’s broken out of a symmetrical triangle and successfully retested during the recent dip. This could be your chance to accumulate and add more on pullbacks. I’m eyeing a potential 200-250% pump this altseason! 🚀 📈 Trade Setup: Entry Range: $6.7 - $7.7 Targets: $10 / $14 / $19 / $25 Stop-Loss (SL): $5.60 💬 What’s Your Take? Are you seeing the same explosive breakout potential? Share your analysis, thoughts, or predictions below. Let’s ride this wave together and lock in massive gains! 💰🌊 🔔 Stay Tuned for More Winning Setups!
Long
by CoreCrypto1
4
HBAR/USDT: Breakout Alert: 50%+ Upside Incoming?🚀 Hey Traders! 👋 If this setup speaks to you, hit that 👍 and smash Follow for trade ideas that actually deliver! 💹🔥 HBAR Looks Ready to Fly! 📈 HBAR is breaking out of a symmetrical triangle on the 4-hour timeframe—a classic bullish signal! Momentum is building, and we’re eyeing a 50-60% upside move. Now’s the time to position smartly: 🔹 Entry Range: CMP and accumulate up to $0.295 🔹 Targets: $0.328 / $0.366 / $0.412 / $0.444 / $0.495 🔹 Stop-Loss: $0.27 🔹 Leverage: Keep it low (Max 5x) ✅ 💬 What’s Your Take? Are you seeing the same explosive breakout potential? Drop your analysis, thoughts, or predictions below! Let’s ride this setup together and lock in those gains. 💰🌊 🔔 Stay Tuned for More Winning Setups! Hit Follow, pin us to the top, and never miss the next big move! 🚀📊
Long
by CoreCrypto1
USDJPY → Consolidation of price in the sell zoneFX:USDJPY reaches a strong resistance at 153.87 within an uptrend. Will this direction continue, as the Fed rate meeting is ahead.... Fundamentally, today is a big day for the markets. At 19:00 GMT the Fed rate meeting, where with a 93% probability the decision to cut interest rates by 0.25% will be made, which will make the dollar less attractive, but for how long, given Trump's policy? Accordingly, the dollar is in a consolidation phase, traders are waiting. If the dollar starts a downward correction, it will affect the currency pair accordingly. But I do not exclude that on the background of high volatility the price may form a retest of resistance and a false breakout. Resistance levels: 154.95, 156.75 Support levels: 151.44, 159.69 At the moment, after the retest of 0.79 fibo and the key resistance at 153.877, the price is consolidating in the selling zone. The fundamental background may increase the pressure, which may lead to a fall. Regards R. Linda!
Short
by RLinda
5
XLM - BullishXLM is in consolidation with its sideways movement. The sideways movement seems to play within a symmetrical triangle with the ability to continue its upward trend. The 20ma and 200ma are still in play after its golden cross in early November. According to the Relative Strength Index (RSI), XLM is currently in an oversold condition. However, the On Balance Volume (OBV) shows that XLM has increased buy pressure as it's in price discovery. I believe it's finding new lows at a higher value before the break to new resistance levels. There are many bull signals, which makes me bullish on XLM. Support - $0.43 Resistance - $0.56 Fear and Greed Index - 79 (80 = Extreme Greed; if the market hits extreme greed, be prepared to watch things moon.)
KRAKEN:XLMUSDLong
by LOWCO_487
VANRY/USDT: 50% PROFIT POTENTIAL SETUP!!🚀 Hey Traders! 👋 If this analysis hits the mark for you, don’t forget to smash that 👍 and hit Follow for premium trade setups that actually deliver results! 💹🔥 VANRY Looking Strong! 📈 VANRY is forming a symmetrical triangle on the 4-hour time frame and is holding the lower trendline like a champ. A solid bounce looks imminent from here. This could be your chance to catch a big move early! 🚀 📌 Trade Setup: Entry Range: CMP and add more up to $0.138 Targets: $0.16 / $0.178 / $0.192 / $0.214 🎯 Stop Loss: $0.132 (Keep risk in check) Leverage: Low leverage only (Max 5x) 💬 What’s Your Take? Are you seeing the same breakout potential? Drop your thoughts, analysis, or predictions in the comments—let’s strategize and ride this wave together for massive profits! 🌊💰 👉 Stay tuned for more winning setups! 🚀💹
Long
by CoreCrypto1