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Descending Triangle

US DOLLAR INDEX - Various Reasons for Shorts at Structure Hey guys, in this video I'm going to walk you through my higher timeframe analysis on the $DXY & show you how I create a directional bias on the higher timeframes followed by what clues I use for added confirmation as I work down to the lower timeframes & look for potential reasons for entry. Please hit that LIKE button if you enjoyed the video & also don't be shy about leaving me any questions or comments below as I do read through each and every one of them Wish you a great trading week - Akil
TVC:DXYShort
by Akil_Stokes
AVAX: Not ready just yetHello everyone, AVAX is about to make a move, but the direction is still uncertain. Watch for a break of the descending triangle, or a break of the $51 support. In case of a break to the upside I expect a bullish crossover of the MACD launching AVAX to the $75 range first. Stop loss around $47. The target after a break of ATH is just under $100. Be aware we can still go lower. A break of support might drop AVAX to the $32-$39 region. I do favor the upside for now, but I am waiting for the decisive move.
by bronzieplays
Copper Prices Take Aim for May 2021 High Post Triangle BreakoutCopper futures are aiming for the May high at 812.60 after prices confirmed a breakout above a Descending Triangle chart formation. The 200-day Simple Moving Average helped maintain the dominant uptrend as the red metal continues to consolidate since earlier this year. A drop back under the July high at 768.50 could undermine upside progress, reorienting copper back towards the SMA. Clearing the May high exposes the 78.6% Fibonacci extension at 851.8636 towards the 100% level at 900.60. COMEX:HG1!
MCX:COPPER1!
by QM_Dubrovsky
AREA OF CONFLUENCE - UPPER BAND DESCENDING TRIANGLE TESTEDGBPUSD OUTLOOK 14/10/2021 PRICE HAS MANAGED TO BREAK and CLOSE above 1.3660 AND TESTED THE UPPER BAND OF THE DESENDING TRIANGLE AT HIGH 1.3734 . Strong rejections is expected with fresh sellers here in confluence with the 61.8% FIB level of the high on SEPT 14th to SEPT 29th low . PRICE REMAINS NEUTRAL TO SLIGHT BEARISH UNLESS A FIRM BREAK AND CLOSE ABOVE THE 61.8%(1.3721) AND RETEST IT AS SUPPORT INSTEAD. We will then set a buy order to 1.3912 target first before we scaling in 1.3982 in case price favours the upside. For short term bullish, price should retrace and hold at area of previous resistance at 1.3660 - 1.3645 area and re-challenge 1.3730. Failure here again will probably see bearish scenario. For Bearish scenario, BEARS will first target 1.3567. Firm break and close at level below 1.3567 is needed to turn bias to challenge low at 1.3410 before more dumps . What is your opinion on GBP/USD ?
Short
by traderNow7
Kucoin $MANUSDT descending triangle ideaThis is basically a reminder-to-self for tracking my trade setups. Matrix AI Network's coin $MAN against USDT pair is currently sitting on a long-term descending triangle pattern. According to Bulkowski over a third of these patterns break upward. The pattern is clearly visible on higher timeframes, like the daily and 3D charts. The pattern follows a 4x markup and shows descending volume, which confirms the patterns consistency. Even so, it will be important to watch this move play out and upon breakout, retest the upper trendline. On the 4H chart, price action broke up above the Kumo cloud, with Chikou Lagging Span far and up. Parabolic SAR beneath price action, Kumo flipping green and volume increase are all bullish nuances. We can add bullish MACD to all these. On the daily chart price action has closed above the Tenkan yesterday, which is a bullish nuance with MACD flipping to bullish indication too. Price action and volume will need to flip the Kumo to confirm a mid-term bullish trend. www.dropbox.com On the 3D chart, price action is coming near to descending triangle apex in about a week from today, but price action could break out earlier. www.dropbox.com My mid-term target lies around 0.16 but I will secure profit along the way.
Long
by AponSOKS1978
Bitcoin: $ 6,000 this end of the year for a new ATH in 2020One of my last publications was a bearish continuation Descending Triangle, shown in red, whose $ 6,000 target has still not been reached. Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph. But the main information is that the year 2020 seems to me to be the year of a new bullrun for Bitcoin, which would start with the bullish breakout of the current Falling Wedge with target its height: $ 14,000! Then eventually the confirmation of a Cup & Handle, drawn gold color, by fetching again the $ 20K ATH followed by the target of this cup: $ 20k + ($ 20k - $ 3k) = $ 37k by July 2020! All this is of course only a view of the mind that could be summarized as: pessimistic (or neutral = range) for the end of 2019 and very optimistic for 2020! DISCLAIMER: This is not an investment advice. Invest only what you can afford to lose.
COINBASE:BTCUSD
by MaxHodler
1
Quick BTC 1d chart updateBTC has broken out upwards from its Descending Triangle and made a successful re-test as support. BTC is above its Bollinger Bands Upper Band and note that the Upper and Lower Bands are expanding away from each other indicating increased volatility. Note that the Bollinger Bands Middle Band Basis 20 Period SMA is also pointing upwards. Using the Ichimoku Cloud 20,60,120,30 settings: The Ichinoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is upwards. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is upwards. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is upwards. Note that the Ichimoku Cloud Leading Span A (Senkou Span A) is pointing upwards. Also note that upwards momentum has been strong enough to make the Ichimoku Cloud Leading Span B (Senkou Span B) point upwards. This is a VERY GOOD THING as its raises future support levels for this 1d timeframe. Note that BTC is way above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 4 daily candle that i have selected. Note that Volume has increased and note that todays Volume Bar is above its Volume 20 Period Moving Average. The On Balance Volume (OBV) is looking really great with strong upwards momentum and note that the OBV line is above its 9 Period EMA. Note how using a 9 Period EMA on the OBV indicator is very useful. The Moving Average Convergence Divergence (MACD) is looking really good with 6 increasing Green Histograms, note that the MACD Line and the Signal Line are both back above the 0.0 Base Line and back in the Positive Zone. A couple of scenarios to ponder now that BTC is way above its Bollinger Band Upper Band on this 1d chart: 1: BTC may continue walking upwards on the outside of the Upper BB for a few more days before an inevitable retrace back under the Upper BB, consolidate for a bit, and then continue upwards. 2: BTC retraces back to the previous Descending Triangle Trend-line, BTC test it as Support and then continues upwards. 3: BTC Drops to either its Ichimoku Cloud Conversion Line (Tenkan Sen), Ichimoku Cloud Base Line (Kijun Sen) or to the Bollinger Bands Middle Band Basis as its lowest support. At the moment of typing this, BTC is showing no real sign of stopping yet, but In any case, if there is a retrace, it shouldn’t come as a surprise. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
2