ADAUSD - Descending Triangle - SHORTADA is approaching the end of a descending triangle that has been forming since May. I opened a short trade with a target of 0.3874. Stop loss will be set at the 50 day moving average.
Long term bullish for ADA!
Descending Triangle
EURCAD Possible SellEURCAD broke Daily support and retested, showing some strenght to the downside, im gonna short from here.
4hr support zone and 15 minute descending triangle!EurJpy: On the left side (4hr chart), you are able to see a support level that was hit multiple times. This support line is an attractive spot for all traders that analyze the chart. This level can either hold and push the price up or break and push the price down. On the 15-minute chart, you are able to see a descending triangle forming. Wait for the triangle to form and a higher high to take place. This trade can also go to the downside. that is if the triangle is broken to the downside which means the 4hr chart wants to break that support line. Indicators on the 4hrs match up with the descending triangle. They want to push the price higher.
BTC.D Dominance - When Alt season? + Elliott Wave + Sym.Triangle- As per my Elliott wave technical analysis on the weekly chart - we can expect a retracement (ABC) in the immidiate short term.
- But in the long term bitcoin dominance should go down and make a new lows.
- We have a descending triangle , which is a bearish pattern (on the weekly chart).
- If you are an Elliott wave trader, please submit your analysis below, so i can check!
- Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓
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APEAPR/USDT forming Descending Triangle waiting for Breakout on resistance zone and BUY targets 4.900
Is Xem going to be profitable ? 🦬 💰💰 🦬Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 XEMUSDT- Daily Time Frame - Heikin Shi
📌 Support zone - Descending trend line - double bottom
📍 xem or nem project is looking a little bit more bullish than other crypto currency pairs, although it has seen a slight 90% price drop since its ATH, I think it is the time to invest carefully in this crypto pair
📍 A possible double bottom along with an important support zone are the reasons that I find this pair bullish
⚠️ However, as you may know the crypto currency world and pairs are so much reliable on BTC and other big coins like ETH, ADA , etc.
✍🏼 I personally think that BTC and other crypto may see a bullish momentum again in the upcoming month so other coins may be seeing pumps and of course bigger pump compared to BTC due to their smaller market cap
⚠️ The following bullish leg is not confirmed yet so any investments in the cycle is so risky right now
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
Msft:Even the giants are falling!Microsoft
Short Term - We look to Sell at 260.71 (stop at 269.78)
The primary trend remains bearish. A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 238.72 and 230.00
Resistance: 267.00 / 290.00 / 315.00
Support: 238.00 / 200.00 / 180.00
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BCH Breaking Down a Descending Triangle and Losing to LitecoinThe LTCBCH pair has been showing signs of bullishness for many months now and in that time LTC has rallied while BCH has gone down and stood still now we see here BCH is breaking down a descending triangle while LTC is still trading near the highs of the rally. I expect that we may see BCH meet Litecoin halfway and come down near the $30-$65 price range as LTC either slowly goes down and consolidates or as LTC potentially goes up and surpasses BCH.
Chainlink's Desending Wedge Setup, will it shrug off macro woes?Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside?
Or will continuing macro woes make the TA analysis null and void.
Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average.
Time to wait and see.
Nike: Air Jordans in murky Asian watersNike
Short Term - We look to Sell at 110.32 (stop at 118.64)
The company built caution into 2023 guidance on fears of more China Covid lockdowns. Trades with a bearish descending triangle formation. The bias is to break to the downside. We look to sell rallies. The measured move target is 83.50.
Our profit targets will be 83.50 and 75.00
Resistance: 115.00 / 120.00 / 140.00
Support: 105.00 / 95.00 / 83.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
USDCAD - DESCENDING TRIANGLE BREAKOUT 📉the USDCAD price reached a daily resistance level and is in descending triangle pattern .
the key level has broken 🔥 i'm waiting for a retest (sell confirmation)
i predict a bearish move 📉
TARGET: 1.25587 🎯
...
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
ORCL beautiful setupBeautiful descending triangle pattern.
For the downside scenario, price must break below 69 which has been strong.
Below that we might see an acceleration to the downside towards 64
A break above 71.54 could have price moving towards 74
Keep both directions in play
BTC Bearish Continuation - Descending TriangleBTC drops down to around $19,000 after a bearish continuation pattern forms a descending triangle.
Date is 06/18/22
BTC will bottom at 12k, accumulation 12k and 19k, 2025 135kIf we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support.
This is possible from fundamental analysis
1. more rate hikes for about three quarters
2. stock market has not bottomed out, there is support coming in, though
3. borrow protocols like celsius and 3ac who needs to be liquidated
4. 4 year cycle respected
Adam and Eve inverted pattern is also very strong, don't underestimate it
Sonova Holding AG bearish scenario:The technical figure Descending Triangle can be found in the Swiss company Sonova Holding AG (SOON.vx) at daily chart. Sonova Holding AG is an internationally active Swiss company headquartered in Stäfa that specializes in hearing care (hearing instruments, cochlear implants, wireless communication). It is one of the largest providers in the sector worldwide. The group operates through its core business brands Phonak, Unitron, Hansaton, Advanced Bionics and AudioNova. The Descending Triangle has broken through the support line on 17/06/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 32 days towards 259.20 CHF. Your stop loss order according to experts should be placed at 351.20 CHF if you decide to enter this position.
Sonova said it had faced shortages of microelectronic components towards the end of the first half. The disruptions to the global economy during the pandemic have upset supply chains across continents, causing shortages of goods and services, including microelectronic components used for hearing aid.
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BTC Descending Wedge = Bullish (in a normal economy)Very large descending wedge. Watching to see if we rebound here. If 2 candles close below lower wedge line, that gives us confirmation we go lower. Yellow lines are very heavy resistance lines which makes it harder to break upward.
SOL breakout!$Sol broke $35.5 yesterday and is heading down to the next support at $24.4.
That's the first level you need to watch for longs.
I’m expecting the rock bottom at below $20.
Weekend’s moves usually are misleading, so it’s better to wait for a confirmation before place any order.
Something I missed on the Bitcoin Charts YesterdayTraders,
Quick Update: First, sorry I forgot to zoom in, but you'll get the idea. I just wanted to point out quickly a few things that I missed in yesterday's video.
-Stew
Urgent Bitcoin Update! Be aware of the following indicators!Guys,
I took the time to put out a special update this morning because of this! Please pay attention to what our charts are showing. I am not attempting to persuade you to any particular bias or sentiment. I simply want you to be aware of what I am seeing on the charts so that your can trade accordingly. Let's take a peek.
- Stew
TOTAL M.CAP IS AT DECISIVE POINT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL M.CAP update.
Total market cap is at crucial level now. It is forming a descending triangle pattern. Currently, it is at the lower trendline of the triangle. Previously, we saw a good bounce from this same level. So we can expect a bounce soon in the market it it holds this trendline.
if it breaks and close below the trendline then we will see more dump in the market. Keep an eye on next 4hr candle close.
What do you think about this?
Do you think we see a bounce in the market from this level or do you think that we see more dump.
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Here's the predominant pattern to draw on your alt charts!Traders,
I am taking my time in this video. We'll do some analysis firstly, as always. And then I'll show you the predominant pattern I am looking to spot on the altcoin charts. I'll show you how to spot it and draw it so that you can do this yourself on your charts and catch those breakouts.
-Stew
P.S.-Since this was my first stream I made it private, thinking I could change the settings and title after I save the video, but this wasn't an option. Here's the video:
www.tradingview.com
⛓️ 🔗 Useful Links 🔗 ⛓️
The List of Possible Next Trades I am Watching:
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descending triangle US30 Evening traders. As you can see we have which looks like a descending triangle pattern on the hourly chart. We have multiple touches on the resistance line and currently moving downwards back to support.
We have also had multiple touches and breaks below the 0.382 fibonacci line.
What does this all mean? Well if we can get a close below 0.382 and stay below that level then we could possibly see another drop in the market to 32500 or perhaps even further.
If you agree or have another opinion then let me know down below
cheers
shaun
GMT Descending triangle$GMT is about to breakout.
There are 3 crucial S/R levels to watch.
If $0.87 breaks, may face a 42% fall as the next crucial support is at $0.44.
A bullish short-term sign will be if GMT breaks bearish trendline and flip $1.27 resistance.
I don’t recommend buying STEPN, it’s better to earn it via its app!
