EURAUD : BULLISH FORCASTDescending channel within a major descending channel with two potential profit targets.
Waiting for confirmation of the setup before attempting to go long.
Decendingchannel
MSFT: What does it take for it to fly again?Hello traders and investors! Let’s see how MSFT is doing today!
First, in the 1h chart, we see that the trend is still bearish. We did a higher bottom above the 21 ema recently, and if we do a new higher high, MSFT might break free from this bearish momentum. However, it feels like it must escape from this Descending Channel too before it can start to do anything good.
Today’s movement is a good start, at least, and it is interesting to notice that this reaction came after we hit a support level in the daily chart:
Yes, MSFT filled a gap at $ 281, and now it is trying to react. The volume increased as well, and this might be a sign that it’ll recover and seek higher levels.
We are still below the 21 ema, but if we break free from the descending channel in the 1h chart, probably we’ll defeat the ema too. Let’s pay attention to the next movements on AAPL.
Remember to follow me to keep in touch with my daily updates, and support this idea if you liked it!
Have a good day!
Hdfc Bank of decending triangle patternhdfc bank on 15 min time frame make decending triangle pattern its shows most chances to bullish momentum to get
ONE/USDT : Buy setup | RR 9.5 | Breakout from descending channelBINANCE:ONEUSDT
Hello everyone 😃
ONE had a breakout from it's descending channel and now MA200 is trying to reject the price.
There is a possible retest on Channel's higher or support zone;
It could be good to take a bag of it at retest point..
📌 BTC is moving below resistance line and bearish trendline now !
So, Be very careful with altcoin trading in the next couple of days. Altcoins are highly affected by Bitcoin, even 3% downward move causes 10% dump on some alts.
Moreover, $BTC just pumped without any correction from $47k to $55k (+17% pump), so If you have any position in profit, make sure you moved stop loss at break even.
Unless BTC.D breaks the 50% support level in Daily TF !
🔴 MACD is being bearish;10% correction in short-term is expected !
Hope you enjoyed our analysis about ONE's buy setup🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
BTC UpdateBTC has a tendency to repeat its fractals..
we see a similar downward channel like the one seen in the previous correction from 58k to 43k. For a bullish scenario we would need this channel to break upwards, otherwise the bearish scenario will win...
there is also a very low volume zone (green box) that has to be filled sooner or later...
Cardano Perp ADA Short Setup Price action is kept the 30,50, and the 100 EMA
200EMA has been a strong support for 5 + days
but with every touch it becomes weaker .
We are at the top of a decending channel and i dont see LONGS being the best play here
2 options too short
Either short the Red box marked on the chart with a sl above the prev high or wait for the
Swing failure pattern.
Obviously there is no guarentee that we have a SFP but that is what i would like to see .
There is alot of resistance above us and i dont see us pushing up so easy from here.
I think it will take something special to do this as we have the 30, 50, 100 EMA above us
and the POC and we are at the top of the channel .
Have a clear invalidation whatever you decide and stick to your trading plan
Pls Like and Follow if you like my work ...Thankyou
DASH/USDT (Wait for the Descending Channel breakout))#DASHUSDT Technical Analysis Update
Wait for the Descending Channel breakout
DASH/USDT currently trading at $101
LONG ENTRY: Only enter long after Descending Channel Breakout in 4h chart
STOP LOSS: I will update once I see a breakout in 4-hour chart
Resistance level 1( Target): $111
Resistance level 2 (Target ): $120
Resistance level 3(Target): $137
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Sell idea for CADCHFDescending Channel, price tested a resistance level and has the potential of shooting down.
ZIL BTC | Trend Reversal | Flow | Key Fibonacci LevelsTodays analysis – ZILBTC – trading in a possible descending channel, currently testing local support.
Points to consider:
- Flow in the market/price action
- Respecting key Fibonacci levels
- Resistance Confluence
- Trend Reversal
- Low Volume
- RSI below 50
ZILBTCs healthy counter-trend and strong continuation adds legitimacy to the money flow.
The previous swing-low respecting .618 Fibonacci retracement is indicative of a current retrace to .618 Fibonacci level.
The .618 Fibonacci level also coincides with descending channel resistance. A rejection at this level will solidify a trend reversal with a lower swing high.
An increase in volume is necessary to add legitimacy in the overall market.
RSI attempting to recover from oversold conditions. A countertrend will neutralise and prime the oscillator for a trend continuation.
Overall, in my opinion, a short trade is validated at the rejection of the resistance confluence with a technical target of local support.
Entering the trade at resistance confluence consents immediate trade invalidation (price trading beyond resistance zone), mitigating overall risk.
What are your thoughts? Let me know in the comments below!
Be sure to leave a like and follow me for daily chart updates.
As always, focus on you - and the money will too!
Could USDCHF 5 June AnalysisUSDCHF is falling within the buyer's Zone, I am expecting the price to move higher from this point if it fails to break some key levels at the bottom.
Patiently Waiting for A BreakHere is a simple analysis and prediction of the next few days, considering the overall situation this next move is going difficult to predict accurately, but while the price remains in the green zone my bias is going to be leaning bullish and the reverse respectively. While I will not be trading this move due to high risk, because of confounding factors, I would place my initial stop losses very tight and move them to breakeven as soon as prudent.
WATCH THIS TRENDLINEHey there,
please support this idea with your likes and follow me on TV.
Just mentioning the importance of this trendline and decending channel.
Watch out for a break to the upside, seems like bears are getting weak again
after this pullback from 7.500 USD.
Cheers,
Konrad
Gold will come down to Get in !!!Hi James and Joe!
Looking at the weekly Gold chart, you can see a big ascending channel has been forming on Gold. This shows gold is currently now in the uptrend in the big timeframe like weekly or monthly.
However, in a smaller timeframe such as the daily chart, it shows gold is now in a small descending channel. Moreover, you can see 3 more bearish signs in daily timeframe including:
1. The price is currently below 21 Daily EMA (blue line).
2. MACD is moving to the negative side.
3. RSI still builds lower high and lower low.
Therefore, this is the opportunity to wait for the price to come down in order to get in my friends. The price is more likely to come down around 1445 -1450 which is Fibonacci 0.382 level and is also 21 weekly EMA (blue line).
***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
AUDNZD SHORT TRADE UPDATES IDEA - RUNNING 40 PIPS IN PROFITHello Traders, AUDNZD playing well so far and play as expected. Therefore for those who following these idea please move you SL to entry as break even or 0% risk or take the partial of your profit and let the rest play around.
Cheers and Enjoy everyone, Ochin_FX
What Im seeing on AUDSGD!Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be.
On H4 im looking forward to pulling my trigger for a long "if" price does respects the pattern being played out.
Till then all im doing is waiting as this is what im seeing.
Remember that proper risk management is vital.
Do well to follow, like and comment.
BTC $6800 +reversal, clash of 5yr asc trend & 4mo+ desc channelTwo major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I believe will signal the beginning of the reversal of the downtrend we have experienced since $14k. I have changed that line to bold red.
Second change is that I moved from 4h candles to 1d candles and it made a massive difference in the position of the current descending channel we have been in since $14k. It makes it easy to see we had never really broke out of channel on the 1d candles and the possibility for a ~$6800 low (depending on timing) is quite feasible. The support at bottom of channel has held for ~4 months now, there is no reason to believe it will would not hold now.
Timing, when will the reversal come:
If the price drops to bottom of channel and hangs out, we may see an intersection forced reversal start by mid-late December. If the price maintains in the $8k area it could be as late as late April, early May of 2020.
With a 5 year trend line still intact, there is strong probability that BTC will not break below this trend line in any meaningful fashion. If BTC breaks below the 5 year trend line, it would be extremely bearish. I believe the overarching trend line will hold and that intersections of the two largest trends will kick off a reversal of the current descent.
This is not investment advice, DYOR.
Bitcoin is in BEAR control - Probably see $5500 Low!!Hi Beautiful peopleeee!!
Looking at the Daily Bitcoin chart, you can see a big bear with us here. I would say the army bears!. My reasons are:
1. BTC did break out from descending triangle and now become a big descending channel. Someone may think BTC is building a Falling wadge, but I do not think so because both MACD and RSI is building descending channel as well which has no positive divergence with it yet.
2. BTC has stayed below 21 weekly EMA, 21 Daily EMA and 200 Daily EMA for almost 3 weeks and it did test and got rejection from those 3 EMA. This shows BTC is in the bear control zone.
3. After BTC came down from $10000, it is building a possible bear flag.
From my reasons, I think it is a opportunity for all of beautiful people here to go Short. This action need to be confirmed by breaking previous low $7711 and then my idea will fit in. The first target would be at Fibonacci retracement 0.618 around $7200 and my second target would be at $5500 because it is Fibonacci retracement 0.786 and it also related to support line of descending channel, support uptrend line from low $3000 as well as the target of bear flag.
However, we cannot control the market so we should let the market come to us. Therefore, if Bitcoin goes up and stay above 200 daily EMA, I will change my mind and cancel my idea of bearish view.
***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
ATOMBTC Break Down Channel.ATOMBTC Has Break Down Channel need to wait for to take entry.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.
BTC/USDT Breakout or BreakdownHello Friends,
Here on this chart we can see a Descending Channel, there is a possibility of reaching one of two targets. If we break above this upper channel then BTC could see the higher target as indicated. However if BTC gets rejected at this upper portion of the channel, then we could see a test of the bottom and a possible breakdown towards a measured moved towards the lower target as indicated.
Descending channels are bullish by nature but the market has a way of disproving TA just as the weather man can get it wrong. Make sure you have a solid strategy in place before you invest to minimize your losses, because there is no perfect TA and TA can fail you at the best of times.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Hmm I think we might be in a Descending channel...In my 1hour chart, all things lead to big green candles lol...
The Stock RSI is pointing upward, we are in a descending channel which usually brakes to the upside.
So in all, things are looking good...
We'll see if I'm right soon.
CHF/JPY Technical analysisCHF/JPY has formed a descending channel pattern.
It is currently resisted by the resistive upper trendline.
Hence we expect the pair to move to its supportive trendline from here.
