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Descending Triangle

NZDUSD → The price could fall another 2.5%FX:NZDUSD is forming a return to a strong support zone after testing it after a year. Against the backdrop of a rising dollar, the chances of a support breakout are growing. The downtrend, rising dollar, weak fundamental background for NZD play a key role in forming a bear market. The price is testing the key resistance and trying to enter the selling zone. At the moment the price is restrained by the descending channel support and if the price manages to break this line and consolidate below, strong selling may be formed further, as there are no obstacles below it until 0.562. Resistance levels: 0.577, 0.5817 Support levels: 0.575, 0.562 I do not exclude the possibility of correction if the buyers hold the support. But there is no chance of a trend change. Another retest of the support may lead to a breakdown and further fall to 0.562 Regards R. Linda!
Short
by RLinda
2
USDCHF → Breakout of wedge resistance. CPI aheadFX:USDCHF is showing positive signs of willingness to continue the uptrend. The dollar is consolidating in the meantime in anticipation of CPI, which creates risks for us The currency pair is testing the support at 0.877 as part of the correction. A false breakdown and a reversal pattern is formed, which indicates the end of the correction. The price updates the local lows, and on the 4-hour timeframe it enters the realization phase after breaking the wedge resistance. The focus is on 0.882 - 0.8848. If the bulls keep the defense above this zone even after the news, the growth of the currency pair will continue in the future, as the key liquidity zones are still untested Resistance levels: 0.8848, 0.8887 Support levels: 0.882, 0.880 CPI is ahead and traders are not yet ready to take active action prematurely. The report may form a medium-term potential. A break of 0.8848 will be the trigger for continued upside. But, the structure will be broken if the market breaks 0.876 Regards R. Linda!
Long
by RLinda
2
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.067. On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044. But, technically, the retest of 1.067 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout. Resistance levels: 1.067, 1.965, 1.076 Support levels: 1.0448, 1.0331 Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
by MarketAnalyzar
Descending Triangle on Brent @ D1A descending triangle pattern has formed on the daily chart of the spot Brent oil. It follows a long-term downtrend in the oil price and can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (81.710) - the red line. I will ignore bullish breakouts from this trend continuation pattern.
VELOCITY:BRENTShort
by AndriyMoraru
GBPUSD → Counter-trend correction before further declineFX:GBPUSD within the correction reaches a zone of interest and resistance from which the decline may resume as the dollar returns to a northbound rut ... Traders continue to fight for the 1.267 area, an area that is a strong enough support. Buyers don't have much of a chance as the dollar looks quite strong on the back of Trump's policies and is putting quite a lot of pressure on the forex market. Technically, the downtrend is the priority and we will be pulling back from it. Key zones: 0.5 Fibo and the boundary of the downtrend. False breakout may provoke further decline. Resistance levels: 1.275, 1.284 Support levels: 1.267, 1.264 False breakout of resistance will indicate the bears' domning and may provoke further selling. It is also worth emphasizing 1.267-1.264. A breakdown and consolidation of the price below this zone will also confirm the bears' intention Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
19
TON → One step away from a rally. Trying to change the trendBINANCE:TONUSDT is coming out of a prolonged consolidation, but only one action separates us from the distribution phase. The bitcoin rally is favorable for many altcoins.... In my opinion, TON is a rather undervalued project that has a fundamentally significant base (many altcoins cannot boast of this). Technically, the consolidation lasted for almost 9 months and, consequently, this energy should be used somewhere. The exit of the price from the accumulation begins to show us in which direction the distribution is likely to go. The focus is on 5.420 and 5.150. If the bulls hold their defenses above this zone, the coin could show a flight to the moon in the long run. But don't look at cryptocurrencies with rose-colored glasses, assess the situation relative to the risks! Resistance levels: 5.420, 6.133 Support levels: 5.151, 4.51 The price is breaking the resistance of the bullish pattern (descending wedge or descending triangle), we have to wait for confirmation that the trend change will be true. The fight for 5.420 continues. Let's keep an eye on this zone ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:TONUSDT ;) Regards R. Linda!
Long
by RLinda
13
LAI/USDT: 5X-8X SPOT CALL!!Hey everyone! 👋 If you’re finding value in this analysis, don’t forget to smash that 👍 and follow for more market-winning setups! 🚀 🔍 Technical Analysis: LAI is gearing up for a potentially massive rally! It has broken out from a descending triangle on the daily time frame and is now retesting the breakout level. The 100MA support is holding strong, providing an excellent base for the next leg up. This is a great time to start accumulating, with opportunities to add more on dips. 💡 Entry Range: $0.015 - $0.017 🎯 Targets: 500% - 800% gains! 🛡 Stop Loss: $0.011 ⚙ Why This Trade? LAI has entered a decisive bullish phase, confirmed by its breakout pattern. The retest and solid support at the 100MA are classic indicators of a strong continuation move. 📈 Fundamentals of LAI: LAI is a next-generation AI-powered crypto that’s building strong momentum in the market. Its ecosystem integrates artificial intelligence to deliver advanced blockchain applications, attracting significant attention from investors and developers. With the rapid growth of the AI industry and increasing adoption, LAI is positioned to benefit from these tailwinds. 💬 What’s your perspective on LAI? Do you see the potential for a parabolic surge in price? Share your insights and predictions in the comments below, and let’s discuss the roadmap to massive gains together! 🚀
Long
by CoreCrypto1
2
#ETH Update: Ready for a Massive Move?Hey everyone! If this analysis resonates, hit that 👍 and follow for more timely updates! 📈 A few days ago, I mentioned ETH bouncing from the $2,900 level, and it’s been progressing perfectly! 🔥 Check the chart for proof. Currently, ETH is attempting to break out of a descending channel on the daily time frame. Once it confirms a breakout, a rally toward $6,500 could be on the horizon. 🌟 Here’s the plan: 📌 Entry: Wait for a daily close above or buy a portion now and DCA at lower levels. 📌 Targets: $6,000 / $6,500 / $7,000 📌 Stop Loss: $2,980 📌 Leverage: Stick to low leverage for safety. This setup screams bullish potential! Are you seeing the same? Share your insights in the comments below, and let’s ride this wave together!
Long
by CoreCrypto1
2
WIF/USDT: 50% PROFIT POTENTIAL TRADE SETUP!!Hey everyone! 👋 If this analysis hits home, make sure to smash that 👍 and follow for more profitable setups! 💰 🔍 Technical Breakdown: WIF is showing strong bullish signs, forming a descending triangle in the 4hr time frame. It's bouncing off the lower support level, reinforced by the 200MA—a key support zone. Once it breaks out, WIF is set to rally toward the $5 mark! 📈 📌 Trade Setup: Entry Range: CMP, and add more up to $2.94 Targets: $3.36 / $3.82 / $4.38 / $4.82 Stop Loss: $2.72 Leverage: Keep it low (Max 5x) This setup screams breakout potential! 🚀 Are you seeing the same? Drop your analysis and insights in the comments below, and let’s ride this wave to profits together!
Long
by CoreCrypto1
PEPEUSDT → DUMP Phase. Manipulation before growth? BINANCE:PEPEUSDT after "PUMP" goes into a plum phase or “DUMP”. Key support is under attack for a long time and may not hold up For the last week and a half, the coin does not react in any way to the bitcoin growth and is in the consolidation phase, but if you look closely, the consolidation has the character of a descending triangle, which indicates the growing pressure from the sellers. If the support at 0.00001880 does not hold, the coin may form a strong impulse. Targets in this case could be 0.0000149 or 0.00001388. Resistance levels: 0.0000195 Support levels: 0.0000188-0.000018 Emphasis on key support and resistance. I do not exclude that a retest of resistance is possible, but the overall picture at the moment suggests that there may be a breakout of the base, reaching liquidity zones before further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:PEPEUSDT ;) Regards R. Linda!
Short
by RLinda
12
NZDUSD → Consolidation before the continuation of the fallFX:NZDUSD amid bearish rally is not going to pull back, forming consolidation in front of 0.5894 with the purpose of continuing the fall... Last week the price tested the key support at 0.585, closing below the level, hinting that the market is ready to go further. The strong rise in the dollar is extremely negative for the forex market. The excitement has not subsided yet and most likely the current movements may get a continuation. Since we have a downtrend, we should prioritize selling from strong resistance zones or supports. Focus on the key range. Resistance levels: 0.5864, 0.588, 0.5912 Support levels: 0.584 Accordingly, I do not exclude the fact that the market may test the resistance in the format of a false breakdown and further fall. But, since we are close to the support now and the price is forming a pre-breakdown accumulation, we should consider a breakdown of the support in the first place Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;) Regards R. Linda!
Short
by RLinda
6
HAL Swing trading Setup - Descending TriangleChart Analysis: 1. Descending Triangle Pattern: • The chart shows a descending triangle with lower highs (LHs) forming resistance and a horizontal support zone. This pattern typically indicates a bearish continuation, though an upside breakout can happen. • The trendline resistance appears well-respected, with a downtrend line pushing prices lower. 2. Resistance Levels: • There is a resistance zone marked above current price levels. • Resistance 1 and the trendline serve as a major area where a potential pullback could be seen. 3. Support Levels: • A clear horizontal support level is visible, which has been tested multiple times, increasing the significance of a potential breakdown. 4. RSI Indicator: • The RSI shows a downward trend but does not appear to be in oversold territory yet. This implies room for further downward movement but also warrants watching for a potential reversal signal. Swing Trade Setup: 1. Bearish Scenario (Preferred based on the chart): • Entry: Consider entering a short position if the price closes below the marked support zone with strong volume. • Stop Loss: Place a stop loss above the descending trendline resistance to mitigate risk in case of a reversal or fake breakdown. • Target 1: Use the measured move from the widest part of the triangle to estimate the potential target level for the downside move, aiming for key support levels below (e.g., 3,200-3,000). • Target 2: If momentum is strong, trailing stops can help capture more of the move downwards. 2.Bullish Reversal Scenario: • Entry: If the price breaks above the descending trendline with strong volume and closes in the resistance zone, it may invalidate the bearish pattern, indicating potential bullish momentum. • Stop Loss: Set a stop loss below the breakout candle’s low to avoid potential false breakouts. • Target 1: Aim for key resistance levels above, including previous swing highs. • Target 2: Monitor RSI and volume for signs of overbought conditions. Risk Management: • Position Sizing: Ensure your position size aligns with your risk tolerance, ideally risking no more than 1-2% of your account balance per trade. • Monitoring Volume: Increased volume on breakdown or breakout moves strengthens conviction in the trade direction. • Adapting to Market Conditions: Be prepared to switch to the bullish scenario if the market sentiment shifts unexpectedly. Caution: • False breakdowns are possible, especially if volume is low or market sentiment shifts rapidly. • Keep an eye on broader market trends and sector performance for additional cues on stock direction. Disclaimer : This analysis is for informational purposes only and does not constitute financial advice or an investment recommendation. Trading in financial markets involves substantial risk, and you should be aware of your risk tolerance and investment objectives. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author of this analysis is not responsible for any financial losses you may incur based on the information provided.
NSE:HAL
by tintinhawk
TON/USDT: BREAKOUT ALERT! 100% PUMP INCOMING!!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! TON Coin is flashing major potential! It's breaking out of a descending triangle on the daily timeframe and looks primed for a potential 100% surge. This could be an ideal time to buy on spot or consider a low-leverage long position. Entry Range: $5.4 - $5.6 Target: 80 - 100% upside Stop Loss: $4.9 Leverage: 2x - 3x Fundamentals of TON Coin: TON (The Open Network) originated from Telegram’s vision for a decentralized blockchain ecosystem. With its high-speed processing and innovative sharding technology, TON Coin aims to support a scalable and open financial platform. As institutional interest grows, so does its potential for future adoption. TON Coin’s setup looks strongly bullish! What’s your perspective? Share your insights and analysis in the comments below!
Long
by CoreCrypto1
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution. BTC has one bullish driver after another as it approaches ATH: Trump's victory in the US presidential election. Then the second 0.25% Fed rate cut in this cycle Discussions about BTC as a strategic reserve. Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person. In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon. Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term. Resistance levels: 76900 Support levels: 75650, 74560, 73550 The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying). The target of 100K is becoming more and more real ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
46
DOGS/USDT: BREAKOUT ALERT! Is a 160% Rally Incoming?Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! DOGS Coin is showing serious potential right now. Known for its community-driven approach and utility in decentralized finance, DOGS Coin is breaking out from a descending triangle on the daily timeframe and is currently retesting this breakout level. After a successful retest, we could see a substantial 150-160% pump. Accumulate some here, with plans to add more on any dips. Entry Range: Current Price (CMP) and add more up to $0.00052 Targets: $0.0008 / $0.0011 / $0.00152 Stop Loss: $0.000444 DOGS Coin’s price action looks like a strong bullish setup! What’s your take? Share your insights and analysis in the comments below!
Long
by CoreCrypto1
13
ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown. From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓ If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900. Resistance levels: 2562, 2728, 2764 Support levels: 2392, 2318, 2111 It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSDT ;) Regards R. Linda!
Short
by RLinda
4
Bharat Electronics Ltd: Key Support Zone and Potential Breakout Technical Overview Descending Triangle Pattern: The price action appears to be forming a descending triangle, which is typically considered a bearish continuation pattern. The triangle's resistance line is a downward-sloping trendline connecting the series of lower highs, and the support is horizontal around the 270-265 INR level. Support and Resistance: Immediate Resistance: The first resistance is at 289.60 INR, as indicated by the horizontal line. Major Resistance: Above this, significant resistance exists around 312.70 INR and 340.25 INR. Support Zone: The highlighted yellow area between 265-270 INR indicates strong support. The price has tested this zone multiple times without breaking down, suggesting that it is a key area to watch for either a bounce or a breakdown. Moving Averages: 50-Day Moving Average: The price is currently close to the 50-day moving average. A breakout or breakdown from this average could provide a signal for further price movement. 200-Day Moving Average: The 200-day moving average is trending upwards and acts as long-term support. It's a key indicator for identifying the overall trend, which remains bullish in the long term. RSI (Relative Strength Index): The RSI is showing a bullish divergence. Even though the price has made a lower low, the RSI has formed a higher low, signaling a potential reversal or bounce from the current levels. Volume: There is a noticeable drop in volume over the recent sessions, suggesting that traders are waiting for a decisive move. If the price breaks either the support or resistance lines, a spike in volume will likely confirm the direction of the move. Target Price: Bullish Target: If the price breaks above the descending triangle and crosses the resistance at 289.60 INR, the next target could be 312.70 INR, with a long-term target around 340.25 INR. Bearish Target: A breakdown below 265 INR could lead to further declines, with the next significant support level around 240 INR. Conclusion: The stock is currently trading near a critical support zone in a descending triangle pattern. Given the bullish divergence in the RSI, there's potential for a bounce. However, traders should wait for a breakout above the 289.60 INR level for bullish confirmation or a breakdown below 265 INR for bearish continuation. Risk/Reward Tip: Use stop-loss strategies close to support and resistance levels to manage risk effectively, as either scenario (breakout or breakdown) can lead to significant moves.
NSE:BELLong
by AngshumanSaikia
NZDJPY → Pre-breakdown consolidation. Preparing for a rallyFX:NZDJPY is forming consolidation near resistance after retest and false breakdown. On the back of JPY decline, NZD may show upside... There is no proper price reaction to range resistance. Consolidation in the format of a descending wedge, a rather strong pattern capable of forming strong movements, is being formed. The Japanese national currency continues to update lows amid the calm of the central bank of Japan, which is waiting for something because of the rally in the dollar, as well as economic data from the United States. Any strong comments could restart the rally in the JPY, so the risk of a shakeout is quite high. But at the moment the chart is hinting at a possible upside... Resistance levels: 91.362, 91968 Support levels: 90.056 The price stops moving away from the wedge resistance at some point, forming a 12-16 hour consolidation. Most likely there will be a breakout attempt. If the bulls keep the defense above 91.0, we can catch a good upward rally in the mid term Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;) Regards R. Linda!
Long
by RLinda
7