BTC top either 40800 or 42250A massive descending triangle is in the works like I said since January, this resistance was broken twice but quickly led to a massive dump afterwards of more than 30%
Descending Triangle
Descending triangle on $LUNA chart (4h)BINANCE:LUNAUSD
As we can see on the 4-hour timestamp $LUNA, there is a descending triangle. We can see that LUNA is weakening.
Notes: I am still learning and most of my ideas are remarks. If you have any advice to improve my analysis next time, leave a comment. NFA
Descending TriangleA potential long for BTC, forming a descending continuation pattern after earlier breakout.
Important support areas to watch are 41100 to 41200.
Dose the dogecoin break its resistance trend line?A strong resistance line is formed in the 4-hour time frame.In the range of 13.3 cents,there is a strong support line,which is quickly rejected every time the price hits it.TP1 and TP2 will be accessible if the resistance line is broken upwards.If the support line is broken down,the price decreases by the height of the triangle.
ROSE/USDT READY FOR A 50% MOVE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ROSE/USDT TRADE setup. ROSE looks promising here.
ROSE is trading inside a descending triangle and currently bouncing from the lower trendline. Once it breaks the triangle it will pump well. Accumulate some here and add more in the dip.
Entry range:- $0.212-$0.222
Targe:- 50-60%
SL:- $0.20
Buy on spot or you can also use low leverage 2x-4x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
$XMR (Monero) Swing Long Update +66% #MONERO #XMRSince our first call of $XMR back in March, we are currently up 66% in profits and we have hit our 2nd target! XMR is currently not following the rest of the crypto market having its own little bull run.
AMC Major Upwards Movement SoonA lot of AMC apes are worried about the day-to-day price movement. In my opinion, as long as it doesn't drop below 14.50 for more than a day, I'm hyper-bullish on a run up between now and the start of August.
Keeping calm and accepting that this could take a couple more months before it blows will do wonders to investors' mental health. Stop worrying about little drops. The stock is still within it's descending triangle. Soon, but not that soon we will break out.
Be smart. Be patient.
BTC going to be bearishAs we posted in previous idea BTC is trading inside a bearish triangle and its broke out of it. Most youtubers still saying we are bullish but birdies are not.
We are seeing a rectangle which is a continuation pattern means soon we are going more down to hit our target which is 40k-41k.
We may go down from here or we gonna retest the neckline of triangle but both scenarios are bearish.
BTC descending triangleBTC is forming a descending triangle, market is topped out and soon it will fall to 40k.
Yeah you heard it right BTC is not going to hold 45k support.
GALA - Gartley and Descending TrianglePrice has painted a nice gartley, and you can see this long term triangle being formed. There's actually two triangles here, and depending how bullish it is, either the yellow one will act as support, or it might try for 0.17 again, but that would be like a 50% drop, so probably not.
Fib extensions have given further upside resistances.
AUDUSD BEARISH ABCD PATTERN AUDUSD has formed an abcd bearish pattern on its hourly chart.
The price is trading a descending triangle with possible objectives 0.72638 382% BCD
BTCUSD Weekly Bear Flag!Looking at BTCUSD on the Weekly TF (LOG) It was apparent that LT Trend touch attempts were made by the Bears after ATH levels had been locked in.
With the current Weekly Bear Flag formed within the current Ascending Range, I am questioning whether another LT Trend retrace is in play.
Noted there is some strong Support to break and hold BUT as former ATH (20k region) has yet to be retested since it broke in DEC 2020 and LT trend has been untested since MAR 2020 I feel it is a great target if Range & Former Support is broken.
RSI is rallying off Short Term uptrend but if this breaks then the last sign of momentum support is off the 42.00 region as this has proved pivotal in years past.
If the current range holds and the Bear Flag is to fail then I am looking for another rally within Weekly Range back towards ATH and Upper Range Resistance. RSI will break above the 50.00 Midway and break its LT Downtrend.
Descision time is close IMO. What are your thoughts on the LOG Scale?
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
NZDUSD - Descending TriangleAlthough I'm waiting for my Bearish Shark Pattern on both 4-hourly and Daily Chart. I am more interested to wait for a shorting opportunity in this descending triangle setup.
Either a retest of the descending trendline or a break and close below the support line could be a sign for me to get involved in this shorting opportunity.
With that said, rules of filter and candle formation is just as important.
AUDUSDPrice in Daily Resistance/Support Zone.
This pattern is neutral for me. Overall monthly analysis is for buys.
KCSUSDT is creating a descending channelThe price is creating an ascending channel on the daily timeframe below the weekly resistance after the price got liquidity as I told you in my previous idea on 0.886 Fibonacci level
On 4h timeframe, the price is creating a descending channel and now the market is testing the 20$ resistance
How to approach? the price needs to have a clear breakout from these structures with volumes and momentum, the market created a strong resistance on 21.2.
So if the price is going to have a breakout from the descending channel, 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 🦐
DENT: BULLISH RALLY ABOUT TO START!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this DENT/USDT TRADE setup. DENT looks amazing here.
DENT is a very promising project for which I'm quite bullish in 2022. DENT is trading inside descending triangle in the weekly time frame. Last time when it breaks the same kind of triangle it pumps more than 6000%
Currently, it is making that kind of weekly candle the same it was made previously. And after that candle a huge pump we have seen in DENT. So I'm expecting the same now. Buy some now and add more in dips.
Entry range:- $0.0024-$0.0029
Target:- 6000%
SL:- If any weekly candle closes below $0.0020
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
XRP ANALYSIS (EXTENSIVE)Overall trend on a daily timeframe is downtrend forming a descending triangle (black line).
the major support line (0.78% Fibonacci retracement level is the $0.5546
on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black dotted line) of $1.00 which could retest or breakout and hit the other local resistance of $1.35
for the SMA & EMA trader (long term) the 30 Days RSI line is useful.
GMT last chance for more gain 💡Based on the chart, the price has stuck in channel and descending triangle
this
is the last chance for the price to gain more profit (if the price breaks the resistance area ($2.35 t0 $2.55) to the upside) 🚀
and if
💡📖 we lose the support zone ($2 to $1.75) we will see correction and log time range for the price 💡📖
BTC IMPORTANT 4-DAY ANALYSIS! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC /USD update. Here I share with you a 4-day chart of BTC. The upcoming months will be bullish for BTC and I'm expecting it to reach around $60k-$70k in June or July.
Here I explain a few points why I'm expecting this:-
1) As you see in the chart BTC is moving between the two MA's. The yellow one is 100MA and the pink one is 166MA. You can clearly see how these two MA's works as strong support and resistance since the start of this year.
2) BTC is breaking out from a descending triangle and currently retesting the triangle. After this successful retest, I'm expecting a bullish wave. All we need is to break and close above 100 MA.
3) In the past two times we have seen a wick come to touch the pink MA and the price bounce immediately. So if this happens again then do not panic. We might see a wick to touch $37k to liquidate the high leverage longs and bounced immediately.
4) I'm expecting that the uptrend will start next week. Stay safe this week and do not use high leverage because we might see the last drop to $37k.
In short, the market going to explode soon. Be ready and accumulate good coins in the dip.
Invalidation level:- If any 4-day candle closes below the pink MA then this whole scenario becomes invalidated.
What do you think about this?
Do you think we might see the last drop to $37k and bounce or do you think that this bull run is over?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Bitcoin Dominance BTC.D - Alt season! Huge descending triangle!- I hope you are ready for the upcoming alt season in 2022!
- We have a descending triangle on the weekly time frame, which is definitely very bullish for altcoins.
- Bitcoin Dominance is going down and there is still no signs of trend reversal.
- ABCDE triangle should be completed and now we are waiting for the huge breakout!
- Previous swing low resistance (2018) is our next target, then here we can experience a bounce.
Bullish Flag for TNY?Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment.
I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle, to be determined in due time.
It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining.
If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly.
Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta
Opportunity brewing, but bearish break expectedKeeping an eye on ALGO/BTC. It doesn't look pretty, but there may be an opportunity developing in the next week or so. We're currently testing the Support of a large Descending Triangle. Descending Triangles are bearish and so a break down (at some point) is expected. Combined with the recent bearish momentum and overhead resistance, I'm inclined to think the break will happen sooner rather than later. However, there are some bullish signs that keep ALGO on my radar: We're seeing bullish divergence on the Daily chart and we're entering into another buy zone. A small buy here could be a high-risk, high-reward option for the adventurous--if support holds we could see a retest of the top of the Descending Triangle. However, I'm on the sidelines waiting for a more secure entry.
Patience is the least sexy of the superpowers.
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following . Thanks!
MATIC ADVANCED ANALYSIS ...!
Matic has been forming a descending triangle pattern , illustrating that a bearish move for completing the wave (5) is expected. Moreover, market is almost down and empowers our scenario.
-Good luck-
