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Decendingchannel

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
Long
by Helical_Trades
35
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
BINANCE:ADAUSD.PShort
by SJTRADESFUTURES
4
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
Long
by GreenCryptoTrades
1
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!
Short
by Kudiiee
4
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. ******
OANDA:XAUUSDShort
by SusuTrader
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.
Long
by TrendlineGod
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.
COINBASE:BTCUSDLong
by EncryptShawn
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. ******
COINBASE:BTCUSDShort
by SusuTrader
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!
Long
by keifer
2
GBP/AUD AB=CD FIBThere is a head and shoulders pattern playing out around the 0.5 - 0.618 fibonacci retracement zone. If as expected we will see a short following the C-D trend line of the AB=CD pattern. This should occur with the MA's crossing over to the down side for a good stretch. 1.7440 should be the next target after this roll over down a parallel channel, then a possible retracement back up to the 0.382 fib zone, trend acceding back up over the C-D trend line, before heading back down to target D in another parallel channel with LL's & LH'S on the way. Descending down the opposite side of the C-D trend line we look for 1.6800 (downside target). FX:GBPAUD
Short
by AaronJamesFX
FINALLY! ETH will VERY SOON reach 1,000 USD. Here is why!Dear beloved fans! D4rkEnergY just found out it has been Valentines Day a couple of days ago. It didnt matter for him, cause he feels the love every day from his fans around the world. Thats why D4 is here to give you some back. Lets us take a look at the 4h ETHUSD chart. As you can see we are still in a downtrending channel (the 2 black lines). D4 KNOWS for sure we will break through, but lets start with one thing at a time. Firstly we have to reach 1,000 USD. It all began in the beginning of February where we faced the bear flag, and felt all the way through to the very bottom of the channel. But as we say: After the rain, comes the sun. A beautiful bullish flag took us half way up to the dotted line (heavy resistance within the channel). D4rkEnergY is a humble guy. But he is also fair, so at that time he had already called the incoming sloppy inverse HS pattern which meant, that it was just a matter of time, when we would break through the i HS neckline. And as always. D4 was right! At this very time a bullish flag pattern has taking form, and a new pole is starting to rise. D4rkEnergY will already tell you now it will rise higher. And we will soon hit 1,000 USD. If we take a close look, at the MACD the macd-line is bouncing on the signal line. The RSI is pretty high but not overbought yet. It has 2 options, and both of them are bullish. It will make higher highs, or it will end being an ascending triangle, and eventually break through OUT D4rkEnergY is everywhere D4rkEnergY predicts everything
BITFINEX:ETHUSD
by D4rkEnergY
5