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Descending Triangle

ETHEREUM Is gonna be Bearish. Here is Why+Target!ETH is in a Inverse Cup and Handle Pattern. this is a Bearish Pattern of course But We also have another Bearish Pattern as well which is a Descending Triangle Pattern.Right now The Price is at a Pretty Neat support zone which is a Support zone ,Bottom of the Triangle & also the Break out Point of the Inverse Cup and Handle Pattern. but It is Expected For ETHEREUM to Enter a lower Zone Pretty Soon. The Price will Surely Reach 1250$ (at Least). we shall Expect The Bearish Movement Because The Break out Required For Doing this Movement Is gonna Happen Pretty Soon! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
COINBASE:ETHUSDShort
by CobraVanguard
9
Gold - Major crash is prepared! -18%, channel is breaking down! On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle. As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down! Next target is 1370 USD, and I think we will hit this target very quickly. After that, we want to see a strong bounce from this level, because otherwise we will go even lower! This is a bullish Elliott Wave count, so wave 4 should not go below previous wave 1 because this may invalidate this bullish scenario. Interest rates are growing, and so are bonds. We have a strong dollar and everyone prefers to hold cash, even with high inflation. This is not looking good for the stock market, crypto and gold at all. But you can still make money if you open a short position on the futures market or purchase some put options. Look at my ideas about Bitcoin and Ethereum in the related section down below. For more analysis, hit "Like" and "Follow"!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
55
BTC/USDT UPDATE! ANOTHER BEARISH PATTERN FORMING!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. I'm keeping it very simple and short here. BTC is forming a descending triangle in the daily time frame which is generally a bearish pattern. Currently, it is trading above $20k and holding the $19.8k support very well so far. We can expect some short-term bounce from here up to the $21.5k-$22k level and after reaching there another rejection is highly possible. The important support level of BTC is the $18k mark, any daily close below the $18k level will confirm the breakdown of this descending triangle. After the breakdown, we might see a $12k-$13k level. Invalidation:- Any daily close above the $22.5k level What do you think about this? Do you also think that we can see a dump up to the $12k-$13k level in upcoming days or do you think that this is the bottom? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
21
JasmyCoin 0.886 Descending Triangle Secondary Bullish BacktestJasmy has been in a Descending Triangle for quite awhile now and has made an attempts to Bullishly Breakout but has not been able to stay consistently above the Supply Line. Now Jasmy is back at the Supply Line and this time with 0.886 Harmonic Confluence has alot more going Bullishly in it's favor this time around. If Jasmy holds the 0.886 successfully it could be the start of a maor bottom that could take it up to 2 cents first or even lead to an all time high in this particular exchange's chart.
FTX:JASMYPERPLong
by RizeSenpai
Cardano ADA - The worst altcoin! When next crash? You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!  Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.  The market structure is insanely bearish and we have a descending triangle on the daily chart that will break down with a high probability. ADA is going sideways from May 2022, and the buyers are simply not here at this moment. The price is making lower highs and now the price is being compressed in this triangle formation.  Also, we have a massive broadening wedge, so you might want to wait for a breakout before enetering a long position, or you can catch the falling knife exactly at my support level, as you can see on the chart. My Elliott Wave analysis suggests we have an incomplete ABC structure and we should expect 2 more impulsive waves downward, so another 63% crash is definitely possible!  The bears are in power and I would not play with them at all cost. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
Descending Triangle on GBP/CAD @ H4This GBP/CAD 4-hour chart shows a descending triangle pattern that can be used to enter a rather short-term sell trade on a successful bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line marks my take-profit level. I will set the stop-loss level to the triangle's highest point (1.52235) marked with the red line. I will ignore bullish breakouts from this trend continuation pattern, which follows a long-term downtrend in the currency pair.
Short
by AndriyMoraru
Tech Mahindra LTD - Trendline + Descending Triangle Breakout📊 Script: TECHM (TECH MAHINDRA LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Daily timeframe Trendline + Descending Triangle Breakout. Weekly timeframe Trendline + Descending Triangle Breakout. Key highlights: 💡⚡ 📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20. 📈 MACD is going to give crossover. 📈 Double Moving Averages crossover yet to come. 📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe. 📈 Current RSI is around 56. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1090 🟢 Target 🎯🏆 - 1185 ⚠️ Stoploss ☠️🚫 - 1061 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:TECHMLong
by radha_23
3
Stellar XLM - Huge dump is incoming! Falling wedge + triangle On the daily/3D chart, we have a pretty strong bearish downtrend. We just hit a brand new low a few days ago, so it's really not looking good at all. We can spot a triple bottom, which is usually a sign of a descending triangle pattern or a rectangle continuation pattern. There is a lot of liquidity below this level and the market usually comes for the stop losses. The chart is printing a falling wedge and a local descending triangle. Both of them have a bearish bias until we break these patterns. We deeply need to go down for the final fifth impulse wave to complete this ABC correction. Because otherwise, if we pump now, then this structure was an impulse and it's going to be a dead cat bounce rally, followed by another bear market below 0.026 USDT. XLM is a great coin and I believe we will have a massive pump in 2023-2024, but for now it's still bearish and we need more confirmation to buy this altcoin. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
45
ROKU, a descending triangle for breakout, LONGNASDAQ:ROKU As seen on the daily chart, ROKU is in a brief uptrend within a descending triangle. Oscillating indicators show the MACD with the K and D lines crossing underneath the histogram and the RSI candles big and bullish with rising strength towards crossing through the Ichimoku cloud. I see this as price action consolidating towards a breakout with 30-40% upside in the intermediate term. Accordingly, a decent long swing setup or a call options contract. Cathie Wood seems to agree.
NASDAQ:ROKULong
by AwesomeAvani
DELTA | Wave Analysis | Target Projection - Take Profit ZonePrice action and chart pattern trading setup - take profit position > A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure > Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside > Stoploss: at the previous high position a-wave - 8% downside > Risk reward ratio: 2:1 approx. > After completing the D-wave could possibly retrace downward trend 0.382 - 0.786 for the final E-wave which is the most difficult wave to predict. Always trade with affordable risk and respect your stoploss Good luck
SET:DELTALong
by dukeposh
1
FSR is it ready to breakout from a Descending TriangleFSR could follow TSLA in a current up trend, especially with general market support. Fundamentally, the recent earnings report was favorable. GM's report of plans for a competing vehicle in the low-cost electric Equinox could be fundamentally adverse. FSR is in a descending triangle with an overall price decrease of $2 so any breakout could yield an up trend of $ 2 or about 20%. Drawn onto the chart are support and resistance lines with targets just before the resistance lines are hit.
FLong
by AwesomeAvani
✅Bitcoin - You haven't seen this before! New triangle + wedge Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly there is still a lot of price action missing. It looks like we are creating a trading range on the daily chart. Something like a symmetrical or descending triangle. Regarding my Elliott Wave analysis, I think we can create some kind of triangular formation before continuing lower. The question is, how much lower can we go? We have a gap at 12 500 USDT, which is a reasonable target and the one and only one support on this particular chart. We can use a fibonacci extension from wave 3 to wave 4, but it's still too early because we don't know if wave 4 was completed or not. If the trading range is confirmed, then altcoins can moon during this phase and Bitcoin's dominance should continue in the downtrend. For more analysis, hit "Like" and "Follow"!
by UnknownUnicorn2537518
66
BTC QUICK UPDATE! $17.5K OR $22.5K??Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick BTC update. BTC is still in a very uncertain situation and trading between the range of $19.5k-$20.5k According to the chart, BTC is trading inside a descending triangle. So from here, $17.5k or $22k will depend on the breakout or breakdown of this triangle. If BTC breaks below the triangle ($19.5k) then my target is $17k-$18k and if BTC breaks out from this triangle then my target is $22k from here. Until we did not see any clear move, it's better to stay aside and wait for the breakout or break down. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
by CoreCrypto1
11