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Bearish Trend Line

FORTH - Ready for a breakout! Channel + Elliott wave On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout! Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important! This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity area). Due to my Elliott wave analysis - Impulse Elliott wave has been completed successfully and we can expect at least a retracement. 200 daily moving average is considered as a massive level by huge instituions and hedge funds. We have a high bullish volume and I don't see any bearish pressure on the indicator. If we take a look at the RSI indicator, there is a horizontal level, so if we break this level, that would be great! Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
12
Stellar XLM - Prepare your buy orders! + 0.618 FIB + Wedge XLM is very close to the 0.618 FIB retracement of the huge Impulse wave from 2020-2021. Also the price is close to a massive horizontal support line from 2020. I expect last wave to the downside to finish this downtrend and then I can see at least a retracement back to 0.25 USD. As per my Elliott wave analysis - an impulse wave to the downside is almost completed as you can see. If we take a look at the volume indicator, we can see there is absolutely no bearish pressure, which is always great to see. On the weekly chart we can spot a falling wedge - bullish reversal pattern and the price is currently near the support line. You can set a limit order to buy XLM at 0.0888 USD if you want to speculate on this move. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
DOGEUSDT - Complete Elliott Wave + Time to buy a bounce?- On the weekly macro scale, we have succesfully completed an impulse wave (12345) to the downside! - And because of that, i am expecting a retracement (ABC) to the upside. - Target for the retracement is 0.618 FIB or if you are more conservative, you can choose 0.5 FIB + start of the wave 5, which is also a reasonable target. - We have a hammer candle at the end of the impulse wave with a big wick, which is definitely a sign of rejection to go lower. - If we take a look at the volume - I don't see any bearish pressure, so it's nice to see. - Look at my analysis about Bitcoin and Ethereum (Elliott Wave) in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
17
Bitcoin BTCUSD - Complete Elliott Wave + Falling wedge! (weekly)- I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD). - The price is currently above 20 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders. - Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed! - The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend. - As per my Elliott Wave analysis - ABC correction should be completed successfully and we can start a new impulse wave. - If we check the MACD indicator, we can spot a bullish divergence and the first bullish tick on the histogram! - If this Elliott Wave analysis is wrong, then anyways we should go back to 28 000 USD to retest the 0.618 FIB level + trendline of the wedge. - Look at my ideas about TOTAL crypto cap and BTC.D in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
9
Cosmos ATOMUSDT - Elliott Wave (ABC Completed) + POC Support!- ATOM on the weekly scale successfully completed ABC correction, so if you are a bull, you can definitely buy for a longterm. - VPVR - volume profile acted as a support. - If we take a look at the MACD indicator, we can see a bullish tick (histogram), which is definitely a good sign too. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
PolkaDot DOTUSDT - ABC completed! Elliott Wave + Channel- On the weekly/3D chart we can see a parallel channel and the price is currently on the support of the channel. - Due to my Elliott Wave analysis - the ABC correction has been completed successfully and now we are prepared for another bullish market! - 0.618 FIB is the strongest FIB level and the price si currently sitting on this level. - If we take a look at the RSI indicator, we can spot a nice bullish divergence with a lower high! - Wave 1 horizontal support (previous swing high) from 2020 is another great support that we have. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
Ripple XRPUSDT - Massive BREAKOUT! + Elliott Wave + Channel- XRP on the daily chart looks like it wants to start a pump very soon! - We have a parallel channel (on the daily chart ) that is very close to break up. - Due to my Elliott Wave analysis - the Impulse wave should be completed and now I am expecting at least a retracement. - The trendline (from March 2022) is now definitely broken, which is a good sign indeed! - We still need to break the POC resistance of the volume profile . - Profit target - 0.618 FIB + End of the first impulse wave. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
AutoFarm AUTOUSDT - Record Volume + HUGE Channel + Elliott Wave- On the daily chart we can clearly spot a descending channel , which is very close to a bullish breakout! - If you take a look at volume , we have a massive bullish volume spikes - always good to see. - 200 weekly MA is actually acting as a resistance, but if the channel breaks up, then the MA will too! - Due to my Elliott Wave analysis - 12345 Impulse wave should be completed and now are expecting at least a retracement to 0.618 FIB. - Look at my ideas about another great altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
ALong
by UnknownUnicorn2537518
5
ETHUSDT needs to have a breakout from it!On the monthly timeframe, the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe, the price created a higher low. the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support. how to approach? IF the price is going to have a breakout from the falling wedge and retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
ETH/USD: Break-out of this bearish trend lineEthereum make this break-out right now in this bearish trend line, maybe it's supposed that Ethereum it'g goes to find up the resistance of $2,870 USD approx. So, I will put a buy order limit at $2,780 USD and SL to $2,726 USD and target to $2,870 USD. This it's a risk/benefit of 1:2. It's a good proportion to find up this little long position in Ethereum. And also, Ethereum forming this bullish rising wedge, but still in this consolidation and the side of more bearish trend as we see. I hope that this analsyis support you!!! Good luck
COINBASE:ETHUSDLong
by harisonhbn9718
3
Activision Blizzard (ATVI) Due For Snowslide?Activision Blizzard ( ATVI ) Due For Snowslide? I personally enjoy snow related activities to include snowboarding. But I can assure you a snowslide event is furthest from my mind when I go. If I had a heads up for the probability of one occurring in an area, I'd take adhere to safety precautions or be far removed from the event. I believe that Activision Blizzard is due for a “snowslide” after it gapped up January 18, 2022. Rationale-ATVI gapped up approximately 15.90 on January 14, 2022. 6.90 of the total gap was filled. The gap amount that remains is approximately 9.81. Please make a note of the fact that, ATVI closed below the 9, 21, 50 and 200 moving averages (please review the chart below). ATVI bounced off the 200 MA twice prior to finally going just below it on April 29, 2022. Though it closed under the 200 MA, the candle is closed as a spinning top. It is for that reason that I will more than likely wait for a safe entry just below 75.28. Overall sentiment- Bearish Peace and Prosperity, Al
NASDAQ:ATVIShort
by MrALtrades00
2
EUR/JPY: Bearish divergence + break outEuro/Yen Japanese forming a bearish divergence in H4 timeframe show up a bearish momentum in the price action and RSI indicator. The previously closed up of this price action in H4 forming a bearish candlestick signal right now and we see a good opportunity to short Euro in front of Yen Japanese. But now, in H1 timeframe and being simple, we see a bearish divergence too in RSI and price action clearly and the confirmation of this break out. We see a multiple charts like descending triangle and bearish risign wedge with the neckline what was broke down. And also the new bearish trend line and also I mark it with blue circles. So, my perspective it's bearish. So, I will put a short position in the sell order limit at $138.85 JPY with the SL to $139.47 JPY (61 pips) and target to $137.00 JPY (185 pips). And also to say you, be cautelous because we could to forming an ABCD harmonic pattern with the chance to go back bullish and also, this trade it's interesting to trade and be prepared in that way. You can to appreciate the possible harmonic pattern in formation in H4 to watch better. And another possible target to watch it's $137.52 JPY to take in note if we end the formation of this harmonic pattern Good luck!!! I will keep update this par
Short
by harisonhbn9718
4
AAVE correction confirmed. Next support?The most obvious scenario confirmed. After the rejection at 0.236 Fibonacci level, AAVE is testing previous resistance level at $213, if it fails (probably), next support is around $192. Last support to continue its uptrend is $170. The new threats of energy crisis, etc. may drag price so low. We will see in the next days. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:AAVEUSDLong
by Rhaonnor
AAVE Breakout is imminent?Aave is approaching once again the bearish trendline. There are almost 11 hours left before the market ‘’close’’ and volume is already above the MA. After the trendline breakout the most important level - Aave need to flip before reaches new highs - is $300. In my opinion, Aave is an undervalued asset. So, if nothing changes in the fundamentals or in the world, we will see a strong bull trend in Aave. It’s hard to know if it will reach an ATH, no one knows that. If you don't bought the dip, it is better to wait for the trendline break out - to reduce the risk - before open a long position. Investing is a probability game. Try for consistency, there is no perfection. Not financial advice. Always do your own research.
KRAKEN:AAVEUSDLong
by Rhaonnor
FTMUSDT wants to go higher?The price is testing the confluence zone on 1.4$ zone. as you can see on the upper chart, the price is testing the daily resistance after the breakout from the falling wedge on the lower chart, on 4h Timeframe, the price is creating a rising wedge after the flip of 1.3$ resistance as I said in my previous analysis How to approach? the price needs to invalidate the rising wedge (usually is an inverse pattern) and retest the upper trendline as new support. If and only IF the price is going to confirm the flip, we can apply our rules to open a new long position. The next valid resistance is 1.6$ where the market has 0.618 Fibonacci level resistance
Long
by InkyGrip
2