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Malik Israr Ahmad
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#FETUSDT Update 4H: I have observed 4H Chart of #FET. It’s currently respecting Rising parallel channel precisely. Two parallel lines are acting as a support and resistance. I have also drawn multiple Supports zone in form of black line ….These line are perfect bounce zones in case of sudden dump due to #BTC. Overall price structure is healthy. NFA #Write2Earn!

#FETUSDT Update 4H:

I have observed 4H Chart of #FET.

It’s currently respecting Rising parallel channel precisely.

Two parallel lines are acting as a support and resistance.

I have also drawn multiple Supports zone in form of black line ….These line are perfect bounce zones in case of sudden dump due to #BTC.

Overall price structure is healthy.

NFA

#Write2Earn!

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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Malik Israr Ahmad
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SYMMETRICAL TRIANGLE EXPLANATION: Bullish or Bearish? DEFINITION: A symmetrical triangle in trading is a chart pattern formed by two converging trend lines, where the upper trend line is declining and the lower trend line is rising. This pattern indicates a period of consolidation and uncertainty in the market, as the price action is contracting into a smaller range. Here are some key points to consider when identifying a symmetrical triangle: 1. Formation: The pattern forms when the price action is bounded by two converging trend lines, with the upper trend line connecting a series of lower highs and the lower trend line connecting a series of higher lows. 2. Symmetry: The trend lines should be symmetrical, meaning that they converge at a similar angle. 3. Consolidation: The pattern indicates a period of consolidation, as the price action is contracting into a smaller range. 4. Breakout: The price action will eventually break out of the triangle, either to the upside or downside. 5. Target: The target for the breakout is typically the height of the triangle, measured from the breakout point. 6. Confirmation: Wait for a confirmation candle or a close above/below the trend line to enter a trade. 7. Stop loss: Set a stop loss at the opposite trend line or a recent swing high/low. Symmetrical triangles can be bullish or bearish, depending on the direction of the breakout. A bullish symmetrical triangle forms in an uptrend and breaks out to the upside, while a bearish symmetrical triangle forms in a downtrend and breaks out to the downside. EXAMPLE : Here is a simple illustration of a symmetrical triangle chart pattern: B / \ / \ / \ A-----/-------\-----C \ / \ / \ / D In this chart: - A is the starting point of the triangle - B is the first high - C is the breakout point - D is the first low The two converging trend lines (upper and lower) form the triangle shape, indicating a period of consolidation. The price action will eventually break out of the triangle, Bull or Bear
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#DOGEUSDT Update: #DOGE has retested the broken resistance of Symmetrical Triangle. It’s shown that breakout has confirmed. Now Targets are shown in fig below 👇. Trailing SL is very necessary in trading. Short term target is $0.18. #DOGE Is bullish on Al LTFs. Don’t make leverage trades on my analysis. My analysis might be wrong! NFA
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#FET Update: #FET has bounced exactly from L-L Support. Currently it’s holding Ascending Parallel Channel. It’s good zone for Scalping in this Tight range boundaries . $2.7 is Very strong resistance for coming days. Breaking of $2.7 will lead a massive breakout target. NFA
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Bitcoin Dominance Chart on daily is giving some clear clues for #Alts . Expecting something huge for BTC.D Index. Chart analysis will posted today.
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I m very much disappointed by #Polkadot team due their worst performance since past few years. Is this project will be vanished for coming months . #DOT has no movement in price action. Chart is also looking dead on monthly time frame. I will cover major flaws in $DOT parachain activities. #Polkadot team it’s your last chance to grow this project ,otherwise a worst is coming. NFA #Write2Earn!
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