Category: Triangle
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Chart Art: USD/CHF’s Triangle Resistance Zone
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The US dollar is struggling to extend its advance above the key resistance area. Will the pair continue its downward trend that has been ongoing for months? Or will this week’s events force the dollar higher? USD/CHF currency pair over 4 hours Chart by TradingView As you can see, the…
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Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?
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This article is also available in Spanish. Ethereum is trading near its yearly low of $2,400 after an 18% drop from its local high. Ethereum has significantly underperformed Bitcoin and other altcoins like Solana during this cycle, raising concerns among investors. Related reading One of the main reasons for this…
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Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?
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This article is also available in Spanish. Ethereum is trading near its yearly low of $2,400 after an 18% drop from its local high. Ethereum has significantly underperformed Bitcoin and other altcoins like Solana during this cycle, raising concerns among investors. Related reading One of the main reasons for this…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Support Again?
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The top of the descending triangle has been acting as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will the support continue again? Take a look at the nearby turning points I am watching on the 4-hour chart: Crude Oil WTI (USOIL)…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Support Again?
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The top of the descending triangle has been acting as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will the support continue again? Take a look at the nearby turning points I am watching on the 4-hour chart: Crude Oil WTI (USOIL)…
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Chart Art: WTI Crude Oil (USOIL) To Revisit Its Triangle Resistance?
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US crude oil prices continue to recover after revisiting August lows last week. How far can WTI crude oil go before sellers can gather enough downside momentum? We take a closer look at the potential resistance area: Crude Oil WTI (USOIL) 4 hours Chart by TradingView In case you missed…
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This Triangle Pattern Triggered In 2021 Suggests XRP Price Will Surge 5,000% To $32
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XRP price is trading around the psychological $0.60 barrier after breaking through it earlier in the week. It is worth noting that XRP has shown interesting price action amidst broader market uncertainty, although many cryptocurrencies have started to turn positive. While some market participants There is still a bearish outlook…
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Chart Art: Fresh Triangle Pattern on Gold (XAU/USD)
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Check out this new consolidation pattern on the 4-hour time frame for gold! Can the sideways price action continue or are we about to see a breakout soon? Here are the upcoming turning points I’m watching closely: Gold (XAU/USD) 4 hours Chart by TradingView The precious metal has been making…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Resistance
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Crude oil has been on a sharp rise these days, but can it continue its upward trend past this major resistance area? If so, how high can it go? Check out this long term chart pattern on my radar! Crude Oil WTI (USOIL) Daily Chart by TradingView Crude oil has…
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XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible?
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The price of XRP has seen significant movements since the last week of July, which is closely related to updates on the potential settlement. Between the SEC and RippleThis prediction had a significant impact on the performance of the XRP market, causing its price to surge from $0.599 to $0.655…
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XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible?
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The price of XRP has seen significant movements since the last week of July, which is closely related to updates on the potential settlement. Between the SEC and RippleThis prediction had a significant impact on the performance of the XRP market, causing its price to surge from $0.599 to $0.655…
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Bank of America says oil’s Bermuda triangle is nearing an end
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Oil prices rose in the hours following yesterday’s news: Assassination of Hamas leader Ismail Haniyeh in Tehran Hamas says assassination of Ismail Haniyeh is dangerous escalation All eyes are on the Middle East following this news, and oil prices have risen. In a separate report, Bank of America says: “Oil…
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Chart Art: WTI Crude Oil (USOIL) Triangle Breakout Retest Levels
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Did you miss the opportunity to breakout the triangle pattern on WTI crude oil? It is best to watch these Fibonacci retracement levels in case the price retests! Crude Oil WTI (USOIL) 4 hours Chart by TradingView It looks like crude oil has chosen a downward path on the triangle…
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Chart Art: Triangle Pattern Forming on WTI Crude Oil (USOIL)
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Are oil prices about to rise soon? This is a short-term consolidation pattern that I am watching on the hourly chart of WTI Crude Oil. Crude Oil WTI (USOIL) 4 hours Chart by TradingView Negative price pressures have been weighing on this energy commodity, as weaker growth expectations in the…
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Chart Art: Gold (XAU/USD) Triangle Break and Retest
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Did you miss the opportunity to break the triangle on gold? I see a potential opportunity to jump on a quick withdrawal! Take a look at these support areas on the 4-hour chart. Gold (XAU/USD) 4 hours Chart by TradingView Remember the descending triangle formation we spotted on gold a…
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Analyst Predicts XRP Crash To $0.07 Amid Triangle Breakdown
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Cryptocurrency analyst @Ripple_Effect11 is predicting an imminent XRP price crash in a new technical analysis shared via X. His prediction is based on a bearish breakout from a major triangle pattern that has been forming since the all-time high of $3.84 on January 4, 2018. The analysis paints a bleak…
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Chart Art: AUD/USD Ascending Triangle Pattern
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Take a look at this classic chart pattern on the 4-hour time frame of the AUD/USD pair! Is the pair preparing for a breakout soon? Or are we about to see more consolidation? These are the near turning points I’m watching. AUD/USD currency pair on 4-hour chart Chart by TradingView…
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Dogecoin Faces Downside Risk To $0.072 As Analyst Cites A Descending Triangle Formation
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Popular cryptocurrency analyst and trader, Crypto Daily Trade Signals, issued a statement warning To the Dogecoin community about the potential downside risks of the popular meme-inspired crypto asset as it faces a bearish technical pattern amid broader negative sentiment in the digital asset market recently. Dogecoin is forming a bearish…
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GALA Forms Descending Triangle Pattern – Here Are Key Levels To watch
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price Gala games (expensive) The pair has been moving in a consolidation fashion for a while now, moving between $0.05288 and $0.03758, forming a descending triangle pattern in the process. GALA has been on a downtrend since it reached an all-time high of $0.08714, resulting in a decline of more…
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Chart Art: Descending Triangle Pattern on Gold (XAU/USD)
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Gold forms lower highs and finds support at $2,300, forming a descending triangle pattern on the 4-hour chart. Is he about to go back to the bottom soon? Take a look at the inflection points I’m seeing: Gold (XAU/USD) 1 hour Chart by TradingView Gold traders appear to be playing…