Get started

Descending Triangle

ADA USDT SHORT (15) This is not a trading or business advice ------------------- Good morning everyone, I Being a personal Holder of Cardano since a long time now, but currently the recent moves of BTC and the market (thanks Elon & Cie) means for me a deeper correction (for the middle short therm). And its great for us. This means it's a great relief for the coin after this first run, and this also means its a great entry point for you for the futur. For cardano we could be dealing with a descending wave (there is still some intermediate support), if we put the height of the downwards triangle this gives us approximately the big support zone around 1.60$. ENTRY : 1.99 - 1.65 STOP Below 1.60 if we break (UP) and confirm to the north in the next few hours this analyse is invalid. if we break below 1.60 (unlikely) .... no comment
Short
by celiomark
1
I suspect SPX will end up like BTCAnd I just need some indicator confirmation before pulling the trigger on some puts. I don't want to crow too loudly, but lots of crypto analysts on Tradingview and/or YouTube have been posting temperamental TA when they wake up, see a candle, and feel compelled to post an update to their TA. Whipped around all over the place as BTC zig and zagged. Many did not zoom out and have forgotten how to look for bull traps. And a lot of these guys are good, I have seem then call bull traps before. Some of them even saw the bearishness but hand waved it away because "we are in a bull market" and a couple of them got liquidated due to stops being too loose. And I stood on my BTC short call, like I am standing on the over-all bearishness of the S&P and Nasdaq and everything else for the next while. BTC on the right had a perfectly predictable bull trap due to wedge support support flipping as resistance and hidden bearish divergence on the histogram, and all the other stuff I went into on my linked ideas Likewise a bull trap on SPXUSD can be very predictable. I have SPXUSD up because it has more price action than SPX or SPY. There are some dissimilarities based on percent gains and slope of the resistance and somewhat concerning, it doesn't look as "wedge-ie" as BTCUSD due to the whitespace. What is similar: Rising wedge broke down Very similar resistance zone (in blue) I will be watching for price action to go to the blue resistance zone and the wedge. I expect price action to thrash around there for a while and then dump. The most ideal thing I could see is there to be hidden bearish divergence from the peak that is about to form to the SPX all time high, and then! classic bearish divergence within the peak, such as a second retest of the wedge after a small dip. The media will be near schizophrenic trying to come up with news stories and will be contradicting themselves all over the place. But I am not going to be caught flat footed by some tweet by Elon or some bungling statement from the "President." sidenote I see a potential descending triangle on BTCUSD... It isn't the main point of the post but still, it means that BTC can bounce and meander around resistance for a couple of weeks even, alts can resume going crazy, and then the rug gets proper pulled. I did a quick skim of some of the BTCUSD ideas and could not see anyone eyeballing the same potential pattern, so I thought I would throw it out there.
FOREXCOM:SPX500Short
by This_Guhy
1
💥ETCUSD - SHORT TO $90 THEN LONG TO $140Price is presently in a symmetrical triangle. Price broke the supply zone downward. Therefore, I expect price to pull back to $118, short to $90, then long to $140. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
BINANCE:ETCUSDShort
by PetrockFxTrading
10
BTC bullish movement in 3 small levelsLevel 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx) Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k Level 3 - If the price breaks above this, BTC will record a new ATH in its account. What do you think about this? Your comments and views are more than welcome! Thank You! Disclaimer: These are only my observations, please do your own research before following anything blindly. Due to its volatile nature, anything can happen at any time.
COINBASE:BTCUSD
by fullofsoul3
1
Dogecoin Retracement The Dogecoin hype being lead by Elon Musk will potentially continue through the remaining months of the Bull-run to a final price target of $1. Before we continue to trend higher, a correction is due for Dogecoin while other altcoins increase in capital. The MACD crossover is indicating the sellers are now regaining control of the price after an extended uptrend. The RSI also presents that DogeCoin has been in a overbrought state and was previously supported by the upper 70% line on the RSI, however this level of support has currently been broken and failed to break back above 70% on the retest further indicating the probability of a retracement is likely. The price target for this short position is taken from the largest point of the descending triangle and placed below where the point of breakout. $0.445 which is the 0.618 fibonacci level which previously acted as resistance when DogeCoin created an all time high.
BITTREX:DOGEUSDShort
by Rogez
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern. The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off. I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then.. Bullish cross on the KST where I have placed the downward pointing finger. The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger. $8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
TSXV:HIVELong
by ScotianBot
SUSHI/USDT is on verge of descending and ascending!Hi every one SUSHI/USDT SUSHI/USDT has been in a descending triangle for quite some time! the triangle has broken downward and the pullback to the triangle bottom line has been done which means the price is ready to continue the bearish movement as much as the measured price movement(AB=CD) but there are some signs that might make the price move the opposite of what we expect! as you can see there is Hidden bullish divergence (+HD) on MACD and the MACD line is about to Cross the Signal line upwardly this means there is a Chance that SUSHI would increase and break the descending triangle pattern and start a strong bullish movement! 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
by CobraVanguard
16
$LINK: Is bullish. That's it. That's the post.- Massive upper trend line about to be tested. Let's see if it can clear that. - Turquoise horizontal lines are previous highs and lows = probably S/R levels. - Both super trends are BUY on the 4 hour chart. - True Vibration is showing a long green buy zone. Looking for the invalidation around this level too. - Bollinger bands are pretty wide, but bottom band and top band are both starting to point up. = bullish continuation of volatility. If $LINK breaks above that upper trend line from the last few weeks. I'd expect it to pump, retrace to retest one of those horizontal S/R levels, and then to continue on it's grind towards 3 figgies and beyond. Once staking is announced, all bets are off. That will be a massive buy the rumor event. $100 would be a pit stop when that happens. A failure to break above that upper trend line would probably see us retest the 35.20 level, and if that doesn't hold then back down to 30 which has established itself as a strong floor. If it hits 30 again? I'm giga chad high leverage longing. Full send. Either way though? I'm LONG term hold on this. Passive income from the most important crypto in the entire space is part of my long term plans. If you know, you know.
FTX:LINKPERPLong
by its_maxbro
Solar Energy descending-triangle BreakoutSolar energy ETF is currently breaking out of a descending triangle. There are multiple resistance levels to take into account. However, a measured move from the current break of the triangle, is taking us to $113 approximately, which is my mid-term target. MACD has been uptrending while the price has been downtrending, the divergence is bullish signal for this breakout to hold. The MACD histogram has also been positive for the divergence period. Volume still needs to improve.
AMEX:TANLong
by dorfmanmaster
FLMUSD - LONG TO $1.12 IN TWO DAYS🚀🚀FLMUSDT BUY/LONG Zoom in🔍 Study the chart Follow the Green arrow For Spot and Futures Traders Entry - $0.714 Tp1 - $0.9 Tp2 - $1.1 Tp3 - $1.2 Stop loss - $0.5350 Choose your leverage As we can see on the chart, FLM is consolidating/ranging. Price was unable to break the demand zone, downward. Also price is about to break the symmetrical triangle upward. If the breakout is successful, I expect price to reach my target at $1.120 in 2-7days What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹
Long
by PetrockFxTrading
XRPUSD - SHORT TO $0.80, THEN LONG TO $1.80XRPUSDT BUY/LONG For Spot and Futures Traders Entry - $0.79 - $0.84 Tp1 - $1.14 Tp2 - $1.30 Tp3 - $1.45 Tp4 - $1.70 Tp5 - $1.80 Stop loss - $0.62 Choose your leverage Apply risk management As we all know that when there's a breakout from a zone, there will always be a pull back. Also, we know that once price is within a descending triangle, price will surely breakout from the triangle. These two scenarios are currently existing on the chart. All we need is a price rejection from the zone for us to go long. Let's go through this together. We can all see that price broke out the supply zone at $0.78615 then went straight up to $1.90 and is currently in a downtrend back to $0.78615 where it broke out. Thereafter, we expect a bullish movement if we get a reversal candle. Also, price is currently in a descending triangle. I expect it to breakout and go long. These two possible moves are what I feel will make the price go back to $1.90 and upward thereafter. Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹
BITSTAMP:XRPUSDShort
by PetrockFxTrading
4