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Descending Triangle

TRADE ALERT⚠️ - Harmony ONEUSDTHi people of Tradingview and my precious followers! There's something interesting that I want to share with you. If you look at the chart above, you'll see that ONE is in descending triangle. There are 2 options, it either breaks out to the upside or the downside. So what do we see on the chart?: - Volume is decreasing= this can be a signal for an explosive move in the future. - Bollinger Bands are shrinking= this can be a signal for an explosive move in the future. - We scan see a descending triangle. - Last swing low is higher than the previous swing low. - If you look at the RSI, you can see that it's forming some sort of ascending triangle. (I would take that with a grain of salt because it broke the resistance level in the past) Conclusion: These are all great signals that the price may have an explosive move. But until now, we don't know in which direction the price will go. So, if it breaks to the upside and it closes beyond the resistance level of the descending triangle and it also closes beyond the last swing high. That's when we can see some good gains. KEEP IN MIND: If BTC is gonna eat shit, the patterns don't mater. Altcoins will east shit too. That's it for this analysis. If you discovered something new or you thought it was quite valuable - give it a like to support this idea! If you don't like this idea, you can follow me. See ya✌️
by EliteTradingX
6
XRP - SUCCESSFUL PRICE PREDICTION✅Bonjour, guten Tag, Hello. I don't speak any of those languages btw. Google Translate does. I only speak english. Anyways, A couple days ago I alerted a potential trade for XRP. Entry Price: $1,06 Price Target: $1,22 Percentage gain: 15% TARGET HAS BEEN REACHED MY FRIENDS. So, to everyone who was in the trade...congrats! I'm waiting for my 10% cut from each of you'll trades. Just kidding...maybe not. BTW: If you want to hodl your money, and still be in the trade, that can also be an option.
Long
by EliteTradingX
#MIR 1D Chart - Something BrewingDescending Triangle forming on Mirror Protocol (MIR). Price has already seen such a downturn since MIR has started trading. Let's see if it will turn around. Keep in mind descending triangle pattern is a bearish pattern (generally speaking). But also remember this crypto hasn't seen a pump in a long time (feels like). Lastly, RSI seems to be ready for a breakout out of the triangle formation. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
MLong
by MillionaireEconomics
Trading ALERT⚠️ - XRP Potential TradeHi everyone, the fact that you're reading this means that you want to make lots of money - Or you don't have anything else to do. Either way, welcome - cause you won't regret the time you'll invest in reading my analysis. So as you can see, XRP is right now in a descending triangle. I'm waiting for the triangle to break out, but I'm already in the trade tho. I bought at the support level right around $1,06. What am I expecting?: If this thing breaks out to the upside, which I think is very doable, then we can see a retest to the high of the triangle. What will happen next?: If XRP retests the highest high of the triangle ($1,22) and breaks that resistance level, then we could see higher prices of course. My opinion is that XRP is just a ticking time bom. Waiting to explode. Recap: - Entry: $1,06 - Price Target: $1,22 - Percentage Gain: 15% or higher
Long
by EliteTradingX
ALICE/USDT TRADE SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ALICE trade setup. ALICE looks good here. Currently, it's trading inside a descending triangle and soon it will breakout. Also, recently it's added to the list of metaverse tokens and you know the recent hype of metaverse. So I'm buying some here and adding more in dips. Entry range:- $12.9-$13.4 Target1:- $14.32 Target2:- $15.12 Target3:- $15.82 Target4:- $16.88 SL:- $11.88 Leverage:- 3x-5x If you like this idea then do support it with like and follow. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank You!
Long
by CoreCrypto1
GBPJPY - Descending Triangle breakoutFollowing up on last weeks $GBPJPY weekly head and shoulders top idea, this week the $GBPJPY or "The Beast" as we call it, is putting in a descending triangle which has me anticipating a bearish breakout. I'm not sure if it will come this week as the pattern has only just became valid, but certainly something that is very high on my radar as this is one of my favorite patterns to trade. If you have any questions, comments or just want to share you idea, please feel free to do so below. Akil
Short
by Akil_Stokes
1
Descending Triangle, either reversal pattern or continuationChart Pattern detection. The descending triangle pattern seems to be forming on the GBPJPY pair. The market is bullish on the higher timeframes and what we are seeing could be the pullback extended out forming an ascending triangle. Which will be a continuation pattern for a bullish continuation. However we can see where the pattern is completed and price begin to break down to the sell side. My bias is neutral while siding for buy. We will continue to see how the market plays itself out.
by jbodden345
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