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Trangle

AUDUSD Trade SetupFor those looking to enter this trade, you can take an entry now with a tight and light stop-loss. For those who prefer a safer approach, wait for the break of wave 4, followed by a retest, and then enter. This method offers greater security. The triangle pattern has formed successfully. However, keep in mind that most chart patterns are often designed to manipulate traders by breaking and moving against their positions. As for me, I’m not concerned about such manipulations. I have a strict risk management plan in place, and I’ve identified two key entry zones as marked on the chart.
Long
by hakimbo989
2
The Bulls are targeting round level of $10 above triangle pattenThe Kadena coin price has been trading into the symmetrical triangle pattern for the past several days. The daily price chart of Kadena is above the 20-day moving average. the coin has immediate support at $4.50, and the resistance sits at $16.50. But for the current scenario, the coin's price will have to break out of the triangle pattern for confirmation. The Kadena coin price is still trading above the EMA Ribbon indicator. But it seems that bears are attempting to breach the daily price below the Red lines as well as the 200-day moving average (yellow line). Stoch RSI is holding higher in the overbought zone with reference to the daily price chart, where K is at 88-point and D is at 91-point. On the other hand, Stoch RSI formed a bearish crossover today. It remains to be seen whether the bears break out of the triangle pattern with the help of the Stoch RSI sign. Conclusion The Kadena coin price trend is creating a little confusion for the traders. There will be two conditions; if the price breaks the symmetrical triangle pattern on the upside, we can see fresh all-time highs; On the other hand, if the bulls fail to maintain the price above the chart pattern, the bears Support level - $4.5 and $2.5 Resistance level - $10 and $16.5
by TheCoinRepublic
XLM Triangle Formation on DailyLooks like a Triangle has formed on the daily chart. I would like to say I’m bullish, but there is a lot of bearish sentiment out there right now. Lots of talks of bull traps and fear and greed index warnings. On the flip side there have been higher lows and with the release of Horizon 2.0 XLM may have the strength to push to .64 or even .69. This candle will mean a lot as it appears the MACD is flattening. A good day could give a bullish cross. If this candle closes bearish there is potential for a 25-30% ride to the downside. Play this one carefully.
COINBASE:XLMUSD
by JPDub16
GBPZAR pullback :) I’ve been waiting to jump on this Long, as ZAR pairs have the biggest price movements. This means big profit potential. This 15min chart analyzes the current pullback about to take place. As long as we stay inside this BLUE triangle I have drawn, we’ll see GBPZAR fall back to test the original breakout. The area is marked as a high volume zone, as the volume bars show the most shares traded in quite some time. This setup could take a day or to reach the area & signal confirmations to enter long...I’ll update this trade if it continues to move higher without a pullback. If it does, I’ll be cautious to enter, as huge Weekly resistance is just up ahead at the 21.93000 area. If you entered the trade now, you’ll most likely be good to be in profit by next week or so. Expect dips in profits until then.
Long
by BillionaireTomBoi
Huge analysis of Bitcoin: reversal signalAccording to my previous published idea we have tne pessimistic scenario. Bitcoin breaks the bottom of trangle and drops near Weekly MA20 like 5 times before from the 1-st of january 2016. That should garantee the healthy growth of BTC and strong UPTREND next few months.It probably can drop to 1800-1900$ this week, so be careful. This is a perfect time to start long positions with LTC and ETC too, because this altcoins are hardly associated with BTC. Take-profit orders must be near (lover) the resistance levels: 2500$, 2600$ and 2900$ Happy trading and don`t forget about the stop-loss orders :)
BITFINEX:BTCUSDLong
by RMNVtrade