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Descending Channel

TREND IS YOUR FRIEND - BITCOIN CHANNEL INTERSECT at 5,100 THE TREND IS YOUR FRIEND - THE FIRST GOLDEN RULE AT THE FOUNDATION OF TECHNICAL ANALYSIS. A Multi Month parallel channel from December 2021 is PERFECTLY confirmed by Price Action; The NEXT INTERSECTION with The Lower Support Trendline Is IN THE PRICE CENTERED ON 5,100 dollar per Bitcoin. In full agreement with the previous bottom at 3500 ADJUSTED for inflation. Converges with similar predictions by supply zone and multi-year Bitcoin lowest values behaviour.
Short
by cure4virus
4
CAD/CHF: Gartley Harmonic PatternCanadian Dollar/Swiss Franc forming a awesome Gartley Harmonic Pattern in H1 timeframe. The price it's move into this bearish channel and this it's another opportunity to short CAD/CHF. in that trade, I will put a sell order lmit to $0.7422 CHF. My Stop Loss to $0.7452 CHF and take profit of $0.7352 CHF. This it's an opportunity to find down 69 pips. The H4 timeframe will closed up this candlestick bearish, if that result bearish, it's a sell imminent in this good trade I hope that this idea support very well in your analysis. Good luck in this short position!!!
Short
by harisonhbn9718
4
2 Steps in Drawing a Downtrend Channel A buying strategy in a downtrend. How to identify buying opportunity in a downtrend? Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises. Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend. Discussion: Rules in constructing a downtrend parallel trendline Rule 1 – First the downtrend line Rule 2 – Then, its parallel Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CBOT_MINI:MYM1!Education
by konhow
39
Descending Channel Breakout for ADN?!?It appears as though ADN has broken flush to the upside of a descending channel which is drawn as two parallel declining lines drawn green on the chart, notice the rejection nearly exactly at the 200DMA. On the KST there's a bullish cross where I've placed the green finger. More often than not when the KST gets this over-extended there's a sell-off immediately afterward with the rare exception of a continuation of s parabolic breakout on overwhelmingly bullish news. A retrace to $1.40 is likely to re-test and build support on top of old resistance. Or we're going to see a re-test of the 200DMA and a blue sky breakout. Price target & trading range between $9.00 to $0.60c between now and the end of the year.
NASDAQ:ADN
by ScotianBot
META: downtrend continuation or reversal?META is down almost 60% in the last year and it looks like there are two possible outcomes from here. Bullish scenario: The current pattern is generally bullish and typically anticipates a significant trend reversal. The Sentiment Index indicator shows a weakening in the Bearish Sentiment which could indicate that a more bullish sentiment could come next. Bearish scenario: The price is currently pushed down by two major resistances and any bull attempt must be able to break up both. A breakdown of the Bearish Sentiment trendline (blue trendline at the bottom) would indicate a strong trend continuation to the downside. Given the overall market condition, it is likely that META will move according to the macro-environment, however, the two scenarios above outline what to look for. Remember to do your analysis, be patient and always look for confirmation from the indicators.
NASDAQ:META
by a.b
Descending Channel on CAD/JPY @ H4A descending channel has formed on the 4-hour chart of the CAD/JPY FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the preceding candle if the breakout one is trading mostly outside the channel) - it isn't shown on this chart.
Long
by AndriyMoraru
KCSUSDT wants another breakout! The price is creating another channel below the daily resistance after the market retested the 18$ as I told you in my previous analysis. How to approach? The price needs to create a new breakout from the 18$ and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
SOL/USDT : Breaking below the descending channel! BINANCE:SOLUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $SOL has broken below the descending channel on the current daily candle. So the major movement is expected to be bearish, But there's a formed bullish order-block at the current price level. That's why we'll need to break below the order-block to confirm both bearish break below the channel and bearish movement as the majority. - Also, We'll have the opportunity to locate our Short into a proper retest of the broken order-block at $34.00 and aim for May's Low at $20.00! In other terms, If we get the support for the current order-block, Then it'll activate the pullback scenario towards $58, So it'll come with Possible Long positions, But it's not our main scenario yet! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
34
ADA is this a breakout?ADA in downtrend for last 190 days and it seems it is breaking out of the descending channel. We had expected a pump from 0.8 which was the untested low. Analysis The blue line is a trendline which is acting as great resistance and its from ATH The green line acting as support line The red line is the line which act as breakout resistance History shows us there is 2 previous false breakout on ADA Also 21 and 100 weekly moving average are also acting is resistance. As it seems there are so many resistance factor on the chart so its safe to assume this another fake breakout and lets wait for a successful retest of the trendline.
by BlackBirdTrading
13
USDJPY | New perspectiveIt is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The consensus estimate for the change in nonfarm payrolls is 329K jobs, a dip from the previous 428K. All these shall have a significant impact as we should be expecting a lot of consolidation before a breakout/breakdown. From a technical perspective, I have two scenarios that we can get ready for going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURJPY - Descending ChannelHello Traders, its almost month end and i hope you had a successful trading month. Let's take a look at EURJPY which was in an up trend and later formed a descending channel since April. Price has tested resistance twice and currently for the third time, there is rejection and bearish pressure for a drop to support... So we can see an opportunity to take a sell/short with stop loss above structure at resistance and profit at support as indicated on the chart... For more free analysis, please follow, like and share... Thank you
Short
by bluebellfxtrading
USD/JPY: Key to watch to long positionU.S. Dollar/Yen Japanese it's look with a possible long position in H4 timeframe. Because we're in the demand zone and also, you can to see any bullish harnonic pattern but I would to watch out this price to entry in long position if they appear any bullish envolving, hammer or any bullish candlestick pattern. This it's the H4 timeframe. Because we could to look any bearish channel and we could to see a bottom here, also this it's a bullish rising wedge and I have a plan to long USD/JPY. But I would to hope if we see any bullish pattern, in otherwise, this will be any confirmation to entry in long. Just wait to develop this trade!!! THe market it's neutral, but perspective to long position Good luck!!!
by harisonhbn9718
2