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Bitcoin - Irregular Triangle heading for 100,000 USD Target ?As discussed in yesterday's video, we're expecting a thrust in Bitcoin towards the 100K USD mark. Will this milestone become a reality soon? 🚀💰 Irregular Triangle An Irregular Triangle has beautifully unfolded, setting the stage for an upside thrust as per Elliott Wave Theory. This pattern, characterized by its distinct higher highs and lower lows within corrective waves, signals the breakout wave. From a wave perspective: - The ABCDE structure of the triangle suggests a classic consolidation phase is complete. - The upward thrust aligns with the typical post-triangle behavior, often extends strongly in the direction of the trend. Regards, WaveTalks Abhishek Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. -------------------------------------------------------------------------------
CRYPTO:BTCUSDLong
by WaveTalks
Solana Next Target is 202, 251 USD.. Triangle Pattern BreakoutSolana has formed a Triangle Pattern and Breakout, with the Next Target at 202 USD and a Final Target of 251 USD. Take advantage of this Great Opportunity to Earn a Potential Profit of +45% ROI and Overall +74%ROI. Check my Previous Analysis below, already reached the first Target at 174 USD with (+20% Profit). This is a Long-Term Analysis, it's important to follow Trend continuation techniques. I want to help People Make Profit all over the World. PREVIOUS ANALYSIS : Before & After,
CRYPTO:SOLUSDLong
by TradingTrillionairesOfficial
Bajaj Finance : Triangle Breakdown possibilityA 4 year consolidation in Triangle formation is about to breakdown if it closes below 6425 there a chance of short with stoploss of 6950 with tgt of 4000-3850. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:BAJFINANCEShort
by maneeshaggarwal
Natural Gas Futures Breakout: Key Levels to Watch Above 250 INRThis chart shows the weekly price action for Natural Gas Futures on the MCX (Multi Commodity Exchange) with some key technical indicators: Analysis: Trendline Breakout: The price has successfully broken out of the symmetrical triangle, signaling a potential bullish reversal. A breakout from this pattern often leads to further upward movement, especially if it’s supported by strong volume. Key Resistance Levels: With the price near 250, it’s approaching the next resistance levels at approximately 254 and 278. If these levels are surpassed, the next target could be around 305 INR/MMBtu. Volume Confirmation: The volume is relatively strong, adding credibility to the breakout. A sustained increase in volume would reinforce the bullish outlook. Trade Plan for Natural Gas Futures: Entry: Enter around 250 INR after the breakout confirmation. Targets: Target 1: 278 INR Target 2: 305 INR Stop Loss: Set a stop loss below 240 INR to limit downside risk. Risk Management: Consider booking partial profits at 278 INR and trail stop to breakeven. This trade plan is built on the breakout with targets at 278 INR and 305 INR, while managing risk with a stop loss below 240 INR. Watch for volume to confirm momentum, and adjust your stop or book profits as key levels are reached.
MCX:NATURALGAS1!Long
by ayusharya_001
Is MYROUSDT Ready for a Breakout or Headed for a Breakdown?Yello, Paradisers! 🧐 Are you ready for a potential breakout or are we on the brink of a fake-out? Let’s dive into the latest MYROUSDT setup and what it means for your next move. 💎MYROUSDT has flashed a bullish Change of Character (CHoCH) and has broken out of a right-angle triangle pattern with bullish divergence—an early sign of strength. But what’s next, and how should we position ourselves to play this smartly? 💎If MYROUSDT breaks out and closes a candle above resistance zone, it will significantly increase the probability of a bullish continuation. 💎In the event of a retracement, a bounce from this area would align with maintaining bullish momentum. However, to add confidence to this setup, we need to spot a bullish internal CHoCH on lower time frames as confirmation. 💎Should the price break down and close a candle below the support zone, our bullish thesis would be invalidated. In that case, it’s crucial to step back and wait for more favorable price action to develop rather than jumping in prematurely. Patience is not just a virtue but a tool. Wait for clear signals and keep your risk management tight. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
1
DOTUSDT: Ready for a Big Breakout or Sudden Drop?Yello Paradisers! Is DOTUSDT about to make a breakout move that will catch traders by surprise? Let’s break down what the charts are saying right now 👇 💎DOTUSDT is shaping up an intriguing pattern with an inducement and the formation of a descending triangle, which suggests a potential bullish breakout on the horizon. 💎If DOTUSDT breaks out and closes a strong candle above the resistance zone and trendline, this would signal a higher probability of an upward move. This is the confirmation many are waiting for before taking action. 💎Should DOTUSDT pull back, watch for a bounce from the support zone. This could set up a potential double bottom pattern. To strengthen your conviction, look for a bullish I-CHoCH (Internal Change of Character) on the lower timeframes as further confirmation. 💎If the price breaks down and candle closes below the support zone, it would invalidate the bullish outlook. In this case, the best approach would be to remain patient and wait for more reliable price action to develop before making any moves. 🎖Stay vigilant, Paradisers. Discipline and patience in analyzing confirmations are what set apart profitable traders from the rest. Always wait for the highest probability setups to increase your success rate in this volatile market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
ARBUSDT: Will This Key Support Hold or Trigger a Reversal?Yello, Paradisers! ARBUSDT has formed a descending triangle pattern accompanied by bullish divergence, and the current price rests within a key support zone, heightening the potential for an upward move. 💎If ARBUSDT shows an I-CHoCH (internal change of character) or develops bullish formations like a W-pattern or inverse head and shoulders from here, the likelihood of an upward move increases significantly. 💎A more secure signal would be a breakout with a candle close above the resistance zone. However, don’t overlook BTC’s price action — it’s crucial for validating any breakout's strength. 💎If the price breaks down and closes a candle below the support zone, it will invalidate this bullish outlook. In that scenario, patience is key; wait for a more favorable structure before making a move. 🎖 Remember, trading smart means adapting to new data and preserving capital. Stay disciplined and vigilant, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
2
MN HOLDINGS - Potential of making Bullish Symmetrical Triangle ?MN HOLDINGS - Current Price RM0.920 In long term the stock is still UPTREND as it is above 200-day EMA. In short and medium term, the stock is in sideway/consolidation. The declined from 12 Aug 2024 (high RM1.12) to 29 Aug 2024 (low RM0.820) is due to weak market sentiment and profit taking activity. At current situation, the stock have a potential of making Bullish Symmetrical Triangle. If price made a breakout above the pattern, then it will trigger a buy signal (as it is viewed as Bullish Continuation Pattern). However, at this current moment there is no buy signal yet. As such, we may keep this stock in wacthlist. For ICHIMOKU CHART traders, the price is trading within the CLOUD (indicates sideway) and the CHIKOU SPAN is still below CANDLESTICK and CLOUD (no bullish scenario yet). If the price make new high above the CLOUD or the CHIKOU SPAN crosses up above CANDLESTICK & CLOUD, then it is viewed as bullish scenario. At that moment, ICHIMOKU CHART traders may anticipate to buy at best entry price. Notes : MN HOLDINGS is a good FUNDAMENTAL company and also a sub-con to TENAGA NASIONAL BHD. On 01 November 2024, HONG LEONG INVESTMENT BHD give a fundamental target price of RM1.60. However, as a CHARTIST/TECHNICIAN, we look for a buy signal based on Technical Analysis.
MYX:MNHLDG
by IMRAN_96
1
The Symmetrical Triangle: Real Success Rates + Breakout.The Symmetrical Triangle: Real Success Rates + Breakout. The symmetrical triangle is an important chart pattern in technical analysis, deserving special attention from professional traders. This formation is characterized by a convergence of prices between two trendlines, one descending and the other ascending, creating a consolidation zone where indecision between buyers and sellers is palpable. Statistical Analysis Empirical data reveals that the success rate of the symmetrical triangle for a trend continuation is approximately 54%. This percentage, although higher than 50%, underlines the importance of a cautious approach and rigorous risk management in using this pattern. Breakout Point The breakout of the symmetrical triangle usually occurs when the price has traveled approximately 75% of the distance to the apex. This point is crucial for traders, as it often represents the moment when volatility increases and a new trend can be established. Risks and False Exits It is essential to note that the symmetrical triangle has a relatively high rate of false exits. Statistics indicate that approximately 13% of cases in a bear market can result in a false exit to the bottom. This phenomenon underlines the need for additional confirmation before entering a position. Strategy of use To effectively exploit the symmetrical triangle, professional traders must: -Identify the formation accurately. -Wait for the breakout near the point of convergence of the trendlines. -Confirm the breakout with other technical indicators or an increase in volume. -Put in place strict risk management to protect against false exits. In conclusion, the symmetrical triangle, although being a valuable tool in the trader's arsenal, requires a methodical approach and a thorough understanding of its characteristics to be used effectively in a trading strategy.
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
BALKRISIND Descending Triangle Pattern NSE:BALKRISIND Chart Patterm : Descending Triangle pattern. 📉 Descending Triangle Pattern 📉 The Descending Triangle is marked by a series of lower highs and a relatively flat support level. It’s typically a bearish continuation pattern, suggesting the price might break below the support level after the consolidation phase. Possible Targets Based on the Pattern: 🔻 Breakdown Target: If the stock breaks below the support level around ₹2779.00, the target can be estimated by measuring the height of the triangle and subtracting it from the breakdown point. The height of the triangle is approximately ₹596.00 (₹3375.00 - ₹2779.00). Therefore, the breakdown target would be around ₹2183.00 (₹2779.00 - ₹596.00). 🚀 Breakout Target: If the stock breaks above the resistance level around ₹3080.20, the target can be estimated by adding the height of the triangle to the breakout point. Therefore, the breakout target would be approximately ₹3676.20 (₹3080.20 + ₹596.00). 📢 Disclaimer: This is not financial advice. Please do your own research before making any investment decisions. The views expressed here are for educational purposes only. Happy trading! 📊✨
NSE:BALKRISIND
by vkj123