Descending Triangle
Wait for a buy setup at 1795 with XAUUSDH1 time frame.
Structure: Uptrend.
The price broke out of the descending triangle pattern and continued to rise.
The price broke the 1795 resistance zone, now can wait for the price to a retracement to this zone, retest, and appear the Price Action setup to buy with XAUUSD.
The profit target is the old resistance at 1834.
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Wish you all have a good trading day!
AXS descending triangleAXS could have another move soon, descending triangle, volume decreasing, could this be double bottom formed? I have set my alarms and won't be missing this one...
UniSwap UNIUSD - Road to 350 USD + 1000% gains!- UniSwap looks very strong on the daily timeframe.
- On the chart we can spot an ABCDE triangle, that is currently breaking out!
- Due to my Elliott wave count, i am expecting next Impulse wave to the upside, which will be huge!
- Next profit target is 1:1 FIB trend-based 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"!
Cardano ADAUSD - Road to 30 USD! 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"!
SelfKey KEYUSDT - Triangle formation +1000% Next Wave!- SelfKey (Rank #536) is breaking out of the triangle formation, which is very bullish.
- Volume is low for now, but i am expecting bulls to step in.
- Bullish volume is higher anyways.
- Next profit target is 1:1 fib extension around 0.1 USD, which is 1000%.
- 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"!
VERTEXCHARTS | EURUSD TRADE IDEAEURSUD on the 4Hr timeframe has broken the descending triangle.
The pair is now falling from the breakout toward 1.6036 support line
Like and Comment to support this idea.
NZDJPY bearish scenario:In this pair, technical analysis shows a technical figure Descending Triangle. The Descending Triangle has broken through the support line on 20/08/2021. NZDJPY forming a bearish formation on a daily chart . If the price holds below this level we will have a possible bearish price movement with a forecast for the next 42 days with a target of 73.47. If you decide to enter this position, experts say your stop-loss order should be placed at 77.94.
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GBP/USD Technical AnalysisFollowing the payroll news on 06.08.2021 the US currency has gone bullish. Descending triangle formed on GU and broke and retested the neckline. Expect price to fall minimum to the 1.37700 area.
Cardano analysis in 2H time frame * Cardano in 2H time frame forms Descending triangle pattern, with it's resistance as above trend-line and it's support near $2.0550.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the breakout.
* If the price breaks the either side of the pattern it will give a good momentum till the given targets.
QTUM in descending triangleLooks like QTUM is forming a big descending triangle last few days... Big figure = BIG MOVE, so it can be worth watching it... COULD BE GOOD FOR SOME IN-RANGE TRADING ALSO...
Descending Triangle on ADAUSDTPERP BinanceThere a descending triangle pattern on 1H TF ADAUSDT, still waiting for break to confirm the pattern.
VERTEXCHARTS | AUDNZD TRADE IDEAAUDNZD hits the exact support of the descending triangle in the daily timeframe chart.
The pair is growing to the minor resistance at 1.055 and the resistance line of the descending triangle.
Like and Comment to Support this idea.
XRP Ascending to Descending TrianglesXRP Ascending to Descending Triangles... Only a matter of time lol
HERO MOTOCORP as on 14.08.2021A DESCENDING TRIANGLE PATTERN FORMED!!
LET SEE WHERE IT WILL GIVE A BREAKOUT!!
If breaks up then can give a good high!!
If breaks down can make a down fall!!
HAMMER ALSO FORMED 2 DAYS BACK WITH NO CONFIRMATION CANDLE!!
DO CHECK THE BREAKOUT VOLUME!!
(ABOVE analysis is only for study purpose do not take it as any buy or sell call)
Descending triangle. ETH BTC LINKDescending triangle. ETH BTC LINK be careful. take profits. Prepare for a retest.
Uniswap UNIUSD -1000% is near, Elliott wave + Triangle!- UniSwap looks very strong on the daily / weekly timeframe.
- On the chart we can spot an ABCDE triangle, that is currently breaking out!
- Due to my Elliott wave count, i am expecting next Impulse wave to the upside, which will be huge!
- Next profit target is 1:1 FIB trend-based 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"!
Crude Oil Forecast: Descending Triangle Takes Shape. Now What?WTI crude oil prices have been consolidating with a slight downward bias within a Descending Triangle chart pattern.
A breakout above the pattern could be a signal that the prior uptrend may resume towards the 78.6% Fibonacci extension at 80.57 .
Still, a bearish ' Death Cross ' between the 20- and 50-day SMAs offers a near-term downward bias.
The floor of the triangle seems to be between 65.10 and 66.39. A downside breakout would likely need confirmation. In such a case, keep a close eye on the 200-day SMA which may reinstate the dominant upside focus.
TVC:USOIL
Bitcoin BTCUSD - Road to 300 000 USD! + SECRET grail!- This is a truly secret grail for bitcoin!
- On the weekly chart we can spot an Impulse Elliott Wave, which is currently in progress!
- The trade provide us with a Risk to reward ratio of 15.
- Start of the bull market 13th March 2020 - 3 850 USD.
- End of the bull market December 2021 - ~300 000 USD (or top of the channel - can be much more).
- Be prepared for the greatest pump very soon and load some BTC!
- If you do not want to use leverage - buy a Leveraged Token BTCUP!
- 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"!
New Trader: Charting patternsWhat do you see? I see a Rising wedge, and descending triangle on 4h. I also see a triple top and head and shoulder.
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"!
