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Decendingtriagle

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 TB305
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
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 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #MATICCOIN #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
M
by Bitking786
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
BITSTAMP:BTCUSD
by AVA37