Descending Triangle
Uniswap UNIUSDT - Breaking out! Triangle + Elliott Wave- UniSwap is looking very strong on the daily / weekly timeframe.
- On the chart we can spot a ABCDE triangle, that is currently breaking out!
- Due to my Elliott wave count, i am expecting one more Impulse wave to the upside.
- 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"!
Hiaptek to explodeHiaptek has been looking to break out from a descneding triangle for some time now and it seems it is nearly there. Covid scares and political turmoil has slowed this stock down (as shown by decreasing volume), but looking at how the price action is hugging the descending trendline you can see the stock wants to go higher. This would be further backed up by the rapid increase vaccination rate within Malaysia recently, hopefully the construction sector will begin again soon and this will further fuel the stock price increase.
Target price = 0.760
(Set sell order 0.755)
NSE : KOTAKBANK - KOTAK MAHINDRA BANKChart is self explanatory.
Comment if in doubts.
Good bank, but bearish short term.
Technical trade setup.
is the Crash of DOGE really happening?Hi every one
DOGECOIN / TETHERUS
DOGE/USDT has Formed a Descending Triangle right now and as you can see there is a Hidden Bearish Divergence On MACD as well. so this Means The Fall of DOGE is more likely to happen! But this pattern has not been broken yet so there is no confirmation! after the Break out we can Make a decision. IF the break out happens the price can reach 0.055.
-DOGE is in a Descending Triangle( Bearish pattern)
-(-HD) on MACD
-No break out ,No confirmations
-Strong support at 0.055
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Was never a bull flag since Memorial Day....$AMC #AMC
It was never forming to be a bull flag...or if it was, it broke structure to the downside. What has appeared is a descending wedge, which is often a bullish formation.
It is currently slated to come to an end around the announced earnings date, August 9th. Anything is possible with this stock, but I'm hoping this will be the long awaited breakout (to the upside).
Bitcoin Analyze (Daily Timeframe & Road map)!!!🗺️Hi traders, Today, I want to analyze Bitcoin at Daily timeframe , maybe it can be useful for our Road map 🗺️🧐.
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰
Bitcoin is playing on Descending Triangle from 27 Jan 2021 until now (about 184 days 🌅), we won and lost money on this Triangle (I hope that you WON lots of money💵).
I was able to find 3 points (A & B & C) of our Descending Triangle and now we have to try to find others ( D & E ). our Descending Triangle has 2 important lines (A & B ). important line (B) is our downtrend and important line (A) made the lower line of our Triangle . When the price has reached these lines, it has moved to DOWN or UP .
Live : Now price is near important line (B) & TRZ (Time Reversal Zone) & Point D of Bearish AB = CD Harmonic Pattern , So I am expecting that the price starts to react again on this zone, and decrease until the important line (A) ( Point D of Descending Triangle ), then the price will go UP again it makes Point E for us. Point E will be a Critical Point because the price can move UP or Down from Point E .
Resistance Zone : 42450$ until 40822$ (Monthly Resistance 1+ Fib Cluster )
MACD : We have Hidden Divergence(HD-) between Price and MACD until now.👇https://www.tradingview.com/x/GIpZlzQy/
RSI : RSI is seeing Heavy Resistances in front of itself + RSI is on overbought too.👇https://www.tradingview.com/x/qAiRTg0J/
Stoch RSI : Stoch RSI is on Heavy Resistance .👇https://www.tradingview.com/x/q8h1gU1R/
My Suggestion : if you find Triggers for opening Short Positions , you can open them & if the price can break(Trusty) our Important line (B) , we can buy Coins for Midterm and Long-term investment ( Over 43399$ will be a good zone).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ ' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
CAKE it or brake it...Descending triangle on 30mins chart ... shouldn't be a long wait to see the outcome... It has a big resistance overhead, so it could get rekt once again...
THETA/TETHER (THETAUSDT) LONG POSITIONThe analysis presents a downtrend and a descending triangle pattern of Theta.
RSI is slightly above 50 that acted as a resistance level: we can expected a future continuation upwards
Keltner channel shows the price did not reach its upper boundary
MACD recently indicated a bullish confirmation as the MACD line > signal line. Moreover, MACD line is slightly below the zero line, meaning the market is being oversold and the price may move upwards
Position: LONG
Stop loss: $ 5.6075
Entry range: $ 5.7936 - $ 6.2279
Target range: $8.8958 - $ 9.4542
NO financial advice
Descending Triangle: Daily MACD & RSI Hidden Bearish DivergenceMatic could be due for a 60% dump real soon as it's been testing the neckline of a descending triangle as resistance for days now and has begun to show weaknesses on the MACD and RSI in the form of Hidden Bearish Divergence.
Robin Hood Short Descending Triangle Price Target $26.52 ENG/DEEnglisch:
15 min time frame
The stock market start of Robin Hood, was as expected, not very successful.
Currently, the price has broken out of an upward trend channel (green lines) which could have become a five wave Elliot Wave, downward, and in the afterhours rose again, in the pre-market I expect further increases between 35.86USD up to 36.78USD.
Then I expect a decline to 33.41USD followed by a final ABC correction to the top of the Descending Triangle.
At 34.10 I see C as finished, and the beginning for a five wave downward movement.
The target of wave one I estimate at first 32.47USD followed by a correction wave two movement to 33.32USD (retest of the Descending Triangle).
After the price bounces off 33.32USD, wave three begins with a price target of 29.56USD
In wave four, I expect a correction to 31USD
followed by the last wave five to 26.52USD
The price targets of each wave can vary for me the primary target is 26.52 USD
My short entry
Entry 35.80USD
Stop Lost 38.39USD
Take Profit 26.52USD
Attention no investment recommendation or financial advice !
You act at your own risk, this idea is no guarantee for accuracy and or a successful trade, and serves only as information or comparative material.
Deutsch:
Robin Hood Short Absteigendes Dreieck Preisziel 26.54$ (ENG/DE)
15 Min Zeitfenster
Der Börsen Start von Robin Hood, war wie zu erwarten, nicht besonders Erfolgreich.
Aktuell ist der Kurs aus einem aufwärts Trendkanal (Grüne Linien) welcher eine Fünf wellen Elliot Wave hätte werden können, nach unten ausgebrochen, und in der Afterhours erneut angestiegen, im Premarkt rechne ich mit weiteren anstiegen zwischen 35.86USD bis zu 36.78USD
Anschließend rechne ich mit einem Rückgang auf 33.41USD gefolgt von einer letzten ABC Korrektur bis in die Spitze des Absteigenden Dreiecks.
Bei 34.10 sehe ich C als beendet, und den beginn für eine fünf Wellen abwärts Bewegung.
Das Ziel von Welle eins schätze ich auf zunächst 32.47USD gefolgt von einer Korrektur Welle zwei Bewegung auf 33.32USD (Retest des Absteigenden Dreiecks)
Nach dem der Kurs an 33.32USD Abgeprallt ist, beginnt Welle drei mit einem Preisziel von 29.56USD
Bei welle vier rechne ich mit einer Korrektur auf 31USD
gefolgt von der Letzten Welle fünf auf 26.52USD
Die Kurs ziele der einzelnen Wellen können Variieren für mich ist das Primärziel 26.52 USD
Mein Short einstieg
Einstieg 35.80USD
Stop Lost 38.39USD
Take Profit 26.52USD
Achtung keine Anlage Empfehlung oder Finanzberatung !
Sie handeln auf eigenes Risiko, diese Idee ist gibt keine Garantie für Richtigkeit und oder ein Erfolgreichen Trade, und dient lediglich als Information bzw vergleichsmaterial.
Ethereum ETHBTC - Descending triangle- On the daily chart we can spot an descending triangle, which is usually a bearish sign with higher probability.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- It is really difficult to long this triangle, because the price is printing lower highs.
- Due to fibonacci retracement, we have a support near 0.043.
- If you want to see more of these ideas, hit "Like" & "Follow"!
DFI.Money YFIIBTC - Rounding bottom + Ascending triangle- We can clearly see a rounding bottom printed on the chart.
- Also the price is above the blue ascending triangle.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- Buy YFII now (as it currently retesting the main support.
- Our target is 0.618 FIB.
- If you want to see more of these ideas, hit "Like" & "Follow"!
Descending Triangle at Resistance with Hidden Bearish DivergenceIf this plays out we could see a 60% decline in price really soon.
BTC analysis 27 July 2021Looking at the top chart, we have completed 12345 impulse wave down to 30 000USD level. We bounced to 40 700USD yesterday and we are sitting at a critical point today that will determine the med-long term trend. Looking at a bearish case, we have completed ABC wave going up to 40 700USD level and we will go down impulsively to 20 000USD.
The other case we all anticipating is the bullish case. We are in a leading diagonal going up, just to remind you a leading diagonal has ABCDE wave going up. We have completed ABC and we are in the wave D down.
Looking at the chart below, we are in a correction today. The pattern in play is a descending triangle, breaking 36400USD and the next level is 35 000USD and 33 500USD. Otherwise breaking above the triangle upwards the next resistance is the white trendline. Breaking this level on 4h timeframe will confirm the leading diagonal and pushing for 48 000USD.
Strategy
The strategy is to play on the breakout upwards this triangle pattern. Buying at 36400, 35000, 33500 are good entries. Last support at 32800USD, closing below this level on 4h will invalid the bullish case and we will break 30 000USD and down to 20 000USD.
Here are the plan for the coming actions
LZ
Bitcoin Not Done Yet?Unless you live under a rock, you witnessed Bitcoin close out its weekly candle with a bang by running all the way just shy of $40000. Now as of this second we find ourselves in the midst of another breakout as the crypto has broken above my second .236 fib level (discussed in an earlier idea) AND broken above the .786 fib of a smaller yet still significant retracement.
This .786 ($38655) is the level we find ourselves now and if it holds it could prove significant as $40k would easily be smashed and a retest of the 41k swing high could be well in the cards.
The .786 fib is a major level in the fact that normally traders take profit at this area and reversals back to the downside often occur. But so far on this early Monday trading session bulls are proving their strength and are attempting to hold this level. It is also noteable that on micro timeframes we painted a bearish descending triangle at critical resistance yet the bulls STILL managed to break bullish out of it.
Keep in mind that it still has not confirmed but it is still worth keeping on your radar as sizing up a possible trade is manageable now since we now have tentative support just below where we are. So a long could be entered here for example now that we know where to put stop losses.
Lastly, beware of a failed breakout due to this being a very small timescale and bullish breakouts of bearish patterns can often trap bulls and reverse aggressively to the downside.
Again, PLEASE USE STOP LOSSES or alerts.
Will Bitcoin Continue to Drop?Is it safe to buy bitcoin today, These is question we always get from friends looking out to ride the bitcoin train. Question is, Will bitcoin price continue drop? That we will to find out in this video and we will try to compare current price action to the historical dips of bitcoin.
At a quick glance, bitcoin doesn’t look good as we see in this line chart, it forms a bearish head and shoulders. This is validated in the 4 Hour Chart where we see bitcoin forming a bearish descending triangle which could potential push bitcoin price down to its 19K 2017 peak.
A strong bounce is expected at that level as we are expected to form hidden bullish divergence at the weekly chart.
Let me know what you think.
Do you have a Buy Order Ready below $1One thing is common between bulls and bears interpreting ADA chart which is, almost all are drawing the famous descending triangle pattern on the charts. So, I totally agree with this interpretation too. But the narratives are polar opposite between the two camps.
I am holding ADA and have been dollar cost averaging over a period now. Pattern breakouts are not always perfect - either a bull or bear case can happen.
On the bullish side, we can see a prior inverse head & shoulder pattern formation and current price is above the 1.15 support level. It is also possible to see bullish momentum to continue and see breakout to the upside.
On the bearish angle, the current price is retreating towards 1.15 support and there is a chance ADA could retest the $1 physiological level. This level is extremely nearby and it ($1.00) has been a strong support for over 150 days. It is quite likely for market makers or whales to exploit this level to their benefit and create huge volatility there.
As a bull, be prepared when such bearish case appears and be ready to act. Have your orders ready when we get into such situation.
Eth looks like a shortPrice has moved up for the last couple of days and with what I see I have put a short on and will be planning to take profit on this descending triangle structure. The main chart goes over a lot but lets expound
At the left of the chart the Keltner Channel bottom acted primarily as support and price often went above the the Keltner channel and moved the bollinger band upward for months. There was topping behavior in May and we now have what I see is a clear descending triangle. The price action was closing whole candles below the Keltner. On the run up there are candle with bodies below the candle, but they had some structure in the Keltner. Whole candles below the Keltner signals a lot of selling pressure.
Price action has dropped from the resistance of the triangle to the support when there where bearish K-D crosses. The middle red circle did require a double cross as the topping behavior went on a bit longer. This last and current black circle and red arrow may also require a double K-D cross. As I assess this, it is a high probability short due to the overall structure and time it has to develop as well at being at the Keltner when it has begun to act as resistance.
On a lower time frame at the blue arrow I see lots of signs that ETH was topping here. Lots of wicks to the up and downside and the bodies getting very tight and then a clear red candle with no upside wick.
The standard 4 hour candles show we had a symmetrical triangle structure that broke down after a MACD cross. This can still chop side ways or even up a little but there is a lot of bearish divergence on the 4 hour chart with the RSI. Between the daily descending triangle and that 4 hour MACD cross I see a high probability that we go down shortly. Stocks can get relatively tight.
Big Warning!!! Ethereum could to crash 40%Ethereum forming a descending triangle, and that put in risk that Ethereum may to crash the vaue if cryptocurrencies doesn't make support in their key support zones.
My perspective in Ethereum it's becoming more bearish as the same with Cardano. If that happen in Ethereum, Cardano may to crash too. But in Daily timeframe, Cardano forming a bullish riisng wedge, the best perspective it's to check out the market in weekly or monthly timeframe to know where Cardano leading for.
Kotak Bank look for breakout .Kotak Bank is forming a descending triangle. Though breakout can be seen either side .
ALICE new entry, descending triangle...Alice had a crazy run-up, 100%+ , Forming descending triangle which is by default a bearish pattern, with that in mind it's better to be prepared...
Descending triangle on ethereumThere is a descending triangle going on on ethereum. It will push ethereum to an estimated 600 dollars. Descending triangles have a 73% succes rate. It is very bearish.
