CVS short CVS Broke through the lower boundary of a descending triangle. Failed to fall lower today so I would not be surprised to see it retest the previous support of $98.47 range. Target would be in the $86.55 range.
Descending Triangle
XRP Solana Fractal with similar bearish sentimentThis fractal speaks for itself. The descending triangle is usually rather bearish but retail sentiment is at the bottom. I did my analyses on the s&p, bitcoin and alts and came to the conclusion that this is most likely the bottom. Some alts, including XRP have a few more percent to the downside. So in my opinion a good time to average in but a bad time to trade.
I see bearish technical targets at around $ 0.25 but for me dca is the way to go here as I never fight the uptrend. Not unlikely to see XRP over a dollar by august and possibly new all time highs for BTC, ETH and BNB this year.
XTZ (TEZOS) UPDATETwo scenario here... after breaking out of the falling wedge price retested and couldn't continue the bull run hence, breakdown, which turns to a descending triangle.
Right now there's no sign of reversal as volume is absent in the market and price could possibly poke out to touch the weekly support trendline.
Hold while we keep watch and update you on the next move.
Datadog Bearish Trend TriangleIt is probable and recommended to go short in Datadog, since it is on a downward trendy triangle. Dump incoming.
NASDAQ:DDOG
Tell Ray to...I mean Tilray...Tilray Brands, Inc. NASDAQ:TLRY
Tell Ray to...I mean Tilray... okay, okay, okay. Tilray got himself in a descending triangle. My question to you is-Will Tilray get up and leave or will he fall down to his knees?
Well, I've cooked up an answer of my own after analyzing the information he provided on the daily chart. My findings are recorded below.
Pattern Identified- A descending triangle was identified on the daily chart for TLRY.
www.tradingview.com
Position Explained-Bullish divergence on the daily time frame. TLRY is currently in a downward trend. However, it is in a buy zone. Both the RSI and OBV indicators are pointing up at time of this post (after market hours 28 April 2022).
Peace and Prosperity,
Al
*******This is not financial advice.**************This is not financial advice.**************This is not financial advice.*******
SolUSDT 1h Time FrameIn this chart i can see a triangle descending Pattern so it may be come down more and i think we can buy at 92$ and the tp can be 108$. Give Me Feedbacks <3
Bitcoin Mid-week Update ...and still no confirmation from bears!Traders,
With all the fear I am seeing in the comments and everywhere else, you would think that the bears could have the conviction needed to take this market down (if that's what it's going to do). But no. We still remain in bullish territory overall. Check out some of the things I've spotted here.
-Stewdam.us
Dogecoin LongDogecoin
4 hour chart
Pattern: Descending Triangle
Enter Trade: Now
Price Target: $0.1950 - $0.2150
Stop Loss: $0.1195 - $0.1060
Take Profit Targets:
- $0.1540
- $0.1650
- $0.1830
SHORT ON GBP/USDPrice has broken support from a descending triangle and this is simply a continuation play to the downside as the dollar is very strong and price has continued to make lower lows and lower highs.
Here is the play I will be taking on this pair:
P = 1.26778
SL = 1.27422 - 66 PIPS
TP = 1.24753 - 200 PIPS
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 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.
