IOTX, 4H, Descending TriangleIf Rsi continues to spike as well as the bollinger bands continue to tighten, it would prove to be a good buy once it breaks the descending triangle upwards
Descending Triangle
AUDJPY Descending Triangle. Bear Market.AUDJPY is bearish. Three lower highs. Trend Line, EMA 10, and EMA 20 is a negative slope. Engulfing Candle located at lower high.
ADA descending triangleHello everyone,
Today is a red day for ADA, having a look at the chart we can notice a descending triangle pattern which rappresents a potential continuation of the current trend.
The target is still below $1.0, BTC dominance is increasing and the ALTs prices are going to decrease, hopefully going to reach our entry levels.
Have a nice weekend !
BTC bearish, descending triangle broke down (41k Target)Hello, as you can see on the 2 hr chart, the descending triangle is broke down. The potential target is 41k, and there is a support around 41.6k, so the target should be around the 41to 42k for the descending triangle. If u zoom in, there is also a ascending broadening wedge inside the descending triangle. The ascending broadening wedge is also bearish by itself. The potential target for the ascending broadending wedge is 44k. see below for the ascending broadening wedge for detail.
BTCUSDT 4hr TF Descending TriangleIn 4hr TF BTCUSDT is forming Descending
Triangle Pattern..
If btc breaks downside we will see further
correction to 42k-40k. Btw There is a minor
support area between 44k-45k......
For any bullish scenario Btc must break and
close above the descending trendline then we
can see btc to 51k-54k (Resistance)
#Dyor (Do Your Own Research). Just sharing my
point of view. Not a Financial Advice!!!
Descending triangle Ada I need to say goodbye for now for #ada there is to much fud and I'm not sure if the bottom is in if I look at the chart I think we go down more . What do you think?
Fibonacci levels giving crazy levelsIf we do a fib retracement from ATH to the local bottom of 30K we can notice that the middle top is located a 0.38 fib level.
If we then do a second fib retracement but this time using the 40K local bottom and align the 0.38 with the ATH we can see that it's targeting 110K
I'm not betting my life on this analysis but it's interesting to see what would happen if it played out.
BTC Short price is currently in a descending triangle pattern I think we see price fill the wick to the left. Then we probably form another range before breaking out to the upside. the final Flush IMO.
$CRV / $BTC pair forming a similar patternHello Traders,
Taking a trade on CRV.
Will be adding to my position if we get a retest of the broken trendline.
The same pattern has been played out three times before.
High risk, protecting myself with a tight stop loss.'
Trade at own risk.
Good luck!
BTCUSDT 4hr TF Descending TriangleIn 4hr TF BTCUSDT is forming Descending Triangle Pattern..
If btc breakout we can see btc to 51k-54k (Resistance)
If btc breaks downside we will see further correction to 42k-40k.
#Dyor (Do Your Own Research). Just sharing my point of view. Not a Financial Advice!!!
Btc/usdt smaller descending triangle btc/usdt descending triangle, bearish indicator 200 day moving average acting as support
Will the moon phase mean a big breakout?A descending triangle is forming, and its the end of a lunar cycle. Moon phases match up with big changes! Usually a descending triange is a bearish sign.
BA Descending Triangle Weekly Options PlayDescription
BA has been working this Descending Triangle from its post-covid crash high around 278. There was one false breakout to the upside on 15NOV, which I traded, related idea linked.
Descending Triangles are bearish in nature, and the implied move carries BA down to 137.
Intermediate supports are at 194, 179 and eventually 144.5.
The immense amount of short triggers I am getting in this market is alarming, indicating institutional liquidation has been going on since around JAN - FEB.
The "new strain scare" from last Friday shows a perfect of example of investors looking for excuses to sell, not reasons.
In reality, the market is not worth its current valuation.
Good News = Rising rates = bad for earnings = bad for stock market
And bad news is just bad news.
Long Put
Levels on Chart
SL > 205.8
PT : 179
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/31 180P
R/R & Breakevens vary on fill.
The long put is placed at a reasonable midpoint between current stock price and eventual price target utilizing available strikes. I do not expect BA to reach this price target in a month.
Manage Risk
Only invest what you are willing to lose
Bitcoin Update - THIS CAN BE A TRAP!!!Hey guys, listen to this quick update.
We're going to get straight to the point. Everyone is bearish about Bitcoin, right? If you look at the fear and greed index, you can see that there's a lot of fear. Yesterday, there was extreme fear around 21. And today there's still fear, around 28. But that's the good news. If everyone is talking about a bearish Bitcoin scenario, then where's is your EDGE? If the whole world is thinking the same thing, then YOU as a day trader don't have an edge anymore. And in order to have an EDGE, you must do and think what other people don't. I hope you get the point.
This is the same scenario when Bitcoin was going up and it hit 69K on 10 November 2021. Everyone was SCREAMING: "Bitcoin to 100k"
Everyone was thinking and saying the same thing, so that means that there was no edge anymore. And what happend? The exact opposite! Bitcoin went down to 42K!
Right now, everyone is shitting their pants. Almost everyone is talking about bitcoin making lower prices. Right now, people are fearful, they're anxious, and they don't know what's going on.
So guess what? The exact opposite can happen. If you look at the 4 hour chart above, there was a bearish candle that closed right into support. As long as Bitcoin doesn't break that support level, there's no need to be bearish! The moment Bitcoin breaks that support level then we can begin looking for short positions.
Conclusion, I'm not saying that we will see 100k Bitcoin. I'm just saying that if everyone is saying the same thing, then there must be another way.
When everyone is greedy, be fearful. And when everyone is fearful, be....
SUSHI - descending triangleclear descending triangle pattern and strong resistance at $5-$6, just looking at the price chart it feels like it won't go lower... well below its higher high and a strong triangle pattern, typical descending triangle breakout means UP
(don't trust me I'm n00b)
EURUSD DESCENDING CHANNEL (SELL or BUY)The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right?
However, my chat is that we should look at the little triangle created, what about it? The triangle is now telling us that price will either break above or below the triangle. Should that happen then we will be able to make an informed trading decision. If it breaks above, we will be surely buying this market. But be careful when this breaks below the triangle, because the market maker might just trap sellers. Why I say this, is because of the left leg directly under the triangle, so when the market breaks below, the market maker might just be looking to create a second leg that will complete the double bottom pattern.
I have created a logical trading synopsis, it is fully your choice to read up. Unless you think this is utter gibberish!!!
BTC descending triangle on 4H (Bear) Potential 40-42K, or lowerHi, BTC has formed a descending triangle on 4 hr chart. there is support around 41K. my potential target is around 40-42K. If the support is not strong enough, it might drop even more. The crypto is all filled with FUD right now, especially at a time of debt ceiling and fed talk incoming soon. Not a financial advice.
Descending Triangle PatternDescending Triangle Pattern is a Bearish Chart Pattern or Trend Continuation Pattern.
As you can see that the price is making lower highs which means Buyers are weak and downward momentum is building.
In most cases, this pattern indicates traders to make a short position.
But I am Suggesting Long position here as the Bullish Harami Pattern is observed at the support zone which is a Bullish reversal Pattern.
How to trade?
Enter the trade once the trend line breakout appears and retest is done.
Keep Stop Loss below the Support zone. If SL gets big then try keeping SL below recent Swing low.
One can Keep Target of 1:3 or near to the supply zone. OR as per your Appetite.
Note: I am not Sebi Registered Advisor or Technical Analyst. Consult your Advisor before Investing.
REQ desc tri potential breakout Keep an eye out for a significant move up as we reach the pinch point. Volume will confirm move either way
Inverted Cup with Handle and Descending Triangle, Oh My GodInverted Cup with Handle and Descending Triangle, Oh My God...
These prices of all top 10 coins are so intimidating... But, cant ignore these signals!!! Is there anyone who knows better than me tell me that I am wrong...
An Inverted Cup with Handle in 1H BTCUSDT.
Descending Triangle in 1H BTCUSDT.
All signs are pointing towards a sharp drop... On top that, it is Friday...
May be 42, may be lower.
If BTC push up from these signals, it will definitely be an eye opener for me to HODL!!! I might learn something new. Let me know what you think.
Not financial advice, Do your own research...
CAKE Descending TriangleCAKEUSDT
If the price breaks the lower side of the triangle, it can drop to 13$.
GBPUSD BEARISH CONTINUATIONBritish Pound Price continue trading in descending channel .
GBP pulled back from upside of channel few days ago.
From the upper channel trendline it was good moment to sell.
The short position continuation can take next good level (1.31000) as a target.
GBPUSD made the first drop of 700-1000 pips last week.
The support 1.3100 is strong and could retreat and bounce to 1.3500.
If the bad CORONA virus news affect more in Europe it can drop easily to 1.3000
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