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Decendingtriagle

BTCUSD price is getting ready to drop to 100,000 to 97,000BTCUSDT is encountering significant opposition. In order to create a defense conglomerate, the price is being forced as far away from the 105–107K range as feasible. However, the worldwide bullish position cannot yet be overshadowed by this resistance. On H1-H4, a symmetrical triangle and a descending channel are developing into a contentious scenario. Additionally, everything is dependent on which market segment views which figure. Although a rebound may accompany the initial reaction to the triangle support, given the resistance, we can presume that the price will attempt to decline and that the triangle's rebound will not be significant. The price is prevented from falling by the support at 101.600 if we examine the descending channel. Yes, technically, 101.600's support is now what matters most. Whether or not this level will hold the price is the key question. At its core, the issue is controversial because it primarily hinges on America and how Trump and other politicians would employ rhetoric around cryptocurrency. It might be empty rhetoric, a bubble, or a sham to win an election. Or it might be a real tactic. Resistance levels: 103453, 105765 Support levels: 100150, 98890 Focus on 101.6. I anticipate a short-term price consolidation and fall below the level, followed by a decline to 100–97K BUT! A false breakdown of 101.6 could result in a brief upward bounce before a further down to 100K because the chart shows a symmetrical triangle. Analysis By: NexusTradesZone
BINANCE:BTCUSDShort
by NexusTradesZone
3
WTI | Selloff Back to $68 w/USD/JPY CorrelationSince the last call on Oil we successfully hit the $77 target. This next move is now looking to head back to $68 support based on the pivot moves within the current Descending Triangle pattern. This is also another opportunity to take a back-to-back swing on FX:USDJPY We got divergence on the forex pair acting like the 'price' and 'oil' acting like the indication (Convergence/Divergence) Oil moves first on the down move and usdjpy will follow through after it makes one more leg up.
OANDA:WTICOUSDShort
by Nathanl19
LTC/USDT Descending Triangle Breakout with Retest OppurtunityKey Observations 1. The chart illustrates a Descending Triangle breakout, where the price has successfully moved above the descending trendline, confirming a bullish continuation. 2. The breakout has brought the price above the horizontal resistance zone at $115, which now acts as support. 3. A retest of the breakout zone ($115–$116) could provide an ideal entry opportunity for buyers. Strategic Implications Monitor the price action closely around the $115–$116 level for signs of a successful retest. If the support holds, it may lead to further upside, with the next target zone around $130–$140, aligning with previous highs. Use a stop-loss below $110 to manage risk effectively, as a breakdown below this level would invalidate the bullish setup. Look for volume confirmation during the retest to reinforce the strength of the breakout.
Long
by wsaetos
AAVE Looks Very Bullish!There's not much room/time left for AAVE to consolidate. AAVE has been making lower highs but holding support at the lows as well. After the next potential selloff to the golden pocket or the range lows, I would expect AAVE to make a very big move once the downtrend line is broken decidedly and the price consolidates above. BULLISH ONCE TRENDLINE BREAKS! Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility
DOGE/USDT Decending TriangleDoge/usdt Create Decending Triangle on Binance 4h chart pattern What is a Descending Triangle? A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower. What Does a Descending Triangle Tell You? Descending triangles are a very popular chart pattern among traders because it clearly shows that the demand for an asset, derivative or commodity is weakening. When the price breaks below the lower support, it is a clear indication that downside momentum is likely to continue or become even stronger. Descending triangles give technical traders the opportunity to make substantial profits over a brief period of time. Descending triangles can form as a reversal pattern to an uptrend, but they are generally seen as bearish continuation patterns.
Short
by BabarLaghari
Gold short term bearish, Long term bullish, right now - NeutralI can see some short term bearishness in SAXO:XAUUSD for the next few weeks. A breakdown of the support @ 1910/1900 could result in a test of MAJOR SUPPORT @ 1830. This leaves us between a nice range of strong support and resistance. Could easily end up playing out as a H&S or a Cup & Handle. We would need to see Risk on Assets come down again to rebreak through what would then be string resistance around 1910. Boom, @theRaggy
TVC:GOLD
by theRaggy
LONG on CADCHFSince March of 2021 this pair has been in somewhat of consolidation. constantly hit support or resistance and reversing from it like clockwork. Price is currently in the support area and has broken out of a descending triangle on the 1hr timeframe with a massive bullish candle showing on the daily timeframe. I expect price to reach back up to the resistance area or very close to it before starting to reverse back down. We also have a golden cross on the MACD with volume. My entry, sl and tp prices should be marked on the chart. Thanks.
Long
by BBIDF
Bitcoin is falling!As we see Bitcoin is in a descending triangle, we have many reasons (like fear and greed index, fed news, exchanges news) to expect downward movement for that, however, we should consider few issues: . - We have a strong support area there at 38k to 40k which price reacted to many times - It's going to consolidate under 200 MA - No momentum in the market! . So we have two scenarios: 1- the support area pushes BTC up for 44k and more 2- Breaks the support area and goes for 38k and less, this is the scenario which I believe more God bless us ;)
COINBASE:BTCUSDShort
by Alex-HKM
ADAUSD Descending Triangle will it holdSo, ADA has been confused as of late. We have seen 2 bullish patterns break to the downside recently which tell me people want to get in at a better price point. There was a lot of consolidation and though we have 3 lower highs, we don't have the retracement necessary to confirm the trend. This tells me we are just looking at a pullback. Overall, I believe the market is confused. They want a lower price, but they also want the price to continue higher. This can be caused by people selling a large part of ADA to avg down, then getting cold feet. If the price is not able to continue downward, this pattern will break and the market will agree the price should go up. I have alerts set at both the bottom and top of this triangle because, due to the confusion of the market, I legitimately don't trust any pattern right now. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
8