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Descending Triangle

Litecoin LTCUSD - 10 000 USD this cycle + Ascending triangle- If we take a look at the chart, we can definitely spot an ascending triangle . - We have very important double top resistance right at the ALL TIME HIGH level. - Litecoin (rank 16) is prepared for a huge pump! - We need litecoin, because bitcoin transactions are very expensive. - That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..) - RSI is prepared for a next pump! -1.1618 FIB = 10 000 USD Profit target. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
COINBASE:LTCUSDLong
by UnknownUnicorn2537518
22
Cardano ADAUSD - Rounding Bottom! + Elliott Wave +1000% gains- Cardano is currently breaking out to new ALL TIME HIGHS! - On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs. - Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish . - We will experience an acceleration to the upside in a few days! - Profit target is 0.618 FIB extension, which is around 30 USD - 1000%. - Cardano made a huge rounding bottom or cup and handle on the weekly time frame. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, we are currently at the 5th impulse elliott wave! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:ADAUSDLong
by UnknownUnicorn2537518
27
BTC/USDT: Bearish Descending Triangle (Short Term)Got a beautiful descending triangle getting drawn on the 1hr chart. These typically break out bearish. This is very bullish in the mid-long term. 1. Nicely resets the MACD & RSI on the 4hr. 2. Lines up perfectly with previous support/resistance when drawing the price target. 3. Should bounce perfectly on the bottom of the channel, great long opportunity if we can hold the bottom of that channel (drawn based on the current rally starting in July). 4. Gives us an awesome buying opportunity for the next rally to the upside. Let me know your thoughts below :)
Short
by erctrades
2
ADAUSD Small Descending TriangleImportant things to note: We still have a giant ascending wedge (bearish) We have a small descending triangle (bearish) We have a doji candle yesterday on 1D chart (price reversal) Important Dates to Take Note of: BTC becomes legal tender in El Salvador Sep 7 2021 ADA Alonzo (smart contracts) go live Sep 12 2021 ADA Summit Sep 25-26 2021 So, the bad news first, obviously we have the looming ascending wedge that has been forming. However a break from the wedge could be caught by a test on the 200MA or the main trendline so you will need to set alerts for that. The good thing about that is there will be little pain, but you need to watch those 2 lines because it can always fail the test and fall further (I am looking at around 2.20 if this occurs). There is a small descending triangle forming, you will need to watch for a break below the 2.90 price mark for this. Again, this will likely be the catalyst for the test of the 200MA and Main trendline. We will see what happens. If no patterns break and ADA continues to consolidate you will see a basing pattern that will likely push the price to the 3.16-3.24 target eventually. However, that would likely mark the end of this little journey upwards and the price will likely break soon after. A pullback will be needed eventually and like I always say, it is coming. Like I have said a million times by now, the flattening slope bothers me. I will continue to keep and eye on ADA. Make sure you set your alerts! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
22
Cardano ADAUSD - Elliott Wave + Rounding Bottom! +1000%- Cardano is currently breaking out to new ALL TIME HIGHS! - On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs. - Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish . - We will experience an acceleration to the upside in a few days! - Profit target is 0.618 FIB extension, which is around 30 USD - 1000%. - Cardano made a huge rounding bottom or cup and handle on the weekly time frame. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, we are currently at the 5th impulse elliott wave! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:ADAUSDLong
by UnknownUnicorn2537518
13
AUDIO descending channelLooks like AUDIO found a local bottom at 2.318, tested it twice and it bounced up from it. there is more room left in this big descending triangle formed some 10 days ago. The descending channel inside of it will be out of space in 2 days, so AUDIO will either break up or lose that support. MACD looks like it's time for some upside movement. If entering long, watch for confirmation like a break from this descending trendline RSI has formed and increased volume. Set alarms because this could take some time. Good luck traders.
by PhilosophersStone
Streamr DATAUSDT - Symmetrical triangle / bull flag +1000%- DATA is currently consolidating in the symmetrical triangle. - After that, explosive move will folow. - Bullish volume is higher and RSI is prepared. - Profit target is 1.618 FIB extension. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
17