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!
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Decendingtriagle
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.
BTC Decending TriangleBTC Decending Triangle If BTC Breakdown Below 19500 And Retest Level 19500 To Go Short Target 19200--18800 Next Target 18200--18000
If BTC Go Long Toh Breakout Decending Triangle Pettern If Breakout Triangle Go Long Target 20600--20800 Next Target Is 21200 And Next Major Resistense 21800-22000
SHIB/ USDTVery interesting , now there are 2 clear options if you see a descending triangle that's means is a down trend the price will hit lower targets but if you see again candle pattern the its clear visible a FLAG Pattern , and FLAG is a up Trend that's why i share both scenario.
Note: While Trading Keep eye on Bitcoin behavior
Hit like more i receive like more i share ideas
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
$XRP Potential Swing Long (Fibonacci Retracement)I stumbled upon a recurring pattern on the XRP daily chart. It seems like every time $XRP has retraced back to the 0.5 Fib level before it bounces off it. Now as XRP could be breaking out of the descending triangle or you could call it a massive bull flag, we could potentially finally see XRP Move back up to newer highs in the upcoming months.
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 trade idea on CHF/JPYThis pair is in a very strong up trend
on the daily and has formed a pivot
zone on the 4 hr at 124.30 . Also looks like
a decending triangle forming. I will look for a
break of this triangle for a long trade. Initail target
would be top of triangle with a stop below the
124.30 pivot zone.
ADA descending triangle offering a 5.5 RRHi all, looks like Cardano's been using one of the BlockBullders trowels to build itself a pattern for the last wee while. The Bullder think's it's just about bottomed given the decrease in selling volume and supportive trend it's tapped twice. There's a good RR if some patience is had.
Thanks
Blockbullder
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 ;)
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.
matic broken the downtrend, have potential to give us 2 to 5X!!Technical analysis:
#matic(Daily update)
* MATICUSDT is breakout the decending tringle pattern, the beginning of an uptrend is expected from here.
*The price is trading above 50- MA as well as 200 MA, bulls are full in control now to take matic upside.
*MATIC is now break the it downtrend . MATIC need to hold above trend line otherwise we will see some sell-off around 1 dollar. its must need hold 1usdt as strong support . Use stop loss below 0.67.
*presently most likely it will move as per drawing in my chart.
Take Profits:
TP1= @ 1.75
TP2= @ 2.33
TP3= @ 2.69
SL= 0.67
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BTC At A Decision Making PriceRecently BTC price has formed some kind of a symmetrical triangle after a capitulation. There is a huge fear in a market right now, and i cannot help myself buying some alts at those prices. We will eventually climb back up. When? .. No body knows, but if btc decides to fall down from this pattern we may have a retest of a recent local low forming a double bottom or even form another one. If that is the case we should do that in a few days, otherwise expect the price to break up from the triangle. If price breaks up, expect a shortsqueze that could take us back to 50k close to a .702 fib. level. Once we are there we should slowly form a new ATH then have a blow of top to 70-80k and that should be the end for this cycle for BTC. We still have a long way to go and right now it is really hard to say where the prices will go in a short term period.
In case you don't know, Where triangles are broken, the price can usually move for the same length as height of a triangle. That does not always happen but it usually represents the maximum price movement in that direction.
Stay strong and hodl your crypto if you understand what you hold and are comfortable with the risk. You will get rewarded.
I am not a financial advisor and non of this should be taken as a financial advise. Be well.
BITSTAMP:BTCUSD