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Descending Triangle

EPS/USDT Descending triangle. Opportunity to recoverCurrently we are within a descending triangle between the green and yellow lines. What keeps us optimistic is the fact that we see only see strong volume increase in case we are moving upwards. This indicates that buyer don't sell again. You can stake EPS or USDT/BUSDT/USDC on the official website. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
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by tumbler55
BTC Descending Triangle Upside Breakout - Reversal FormingWe have finally break above the descending triangle with BTC. Descending triangles can act as a continuation patterns or as a reversal patterns. In this case it is starting to look as a reversal one. It is the first solid sign that we may still set new ATH which should be slightly above the one set in April. I am expecting 70-85k at max for this cycle. We however still have to break above 0.702 fib. retracement level in a short to medium time frame. I am not a financial advisor so non of this should be taken as a financial advise. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by AVA37
A trading idea on PLUG!If you believe the Nasdaq is going to hit ATH next, PLUG is one of the stocks that can outperform the index (or underperform if it drops). Either way, it is a fact that we have a descending triangle here, the bottom is at 29.81 and it seems it is trying to break the upper line. The RSI has an advanced breakout that could work for us. The problem is the RSI in the 4h chart, that is still a little overbought (not much, but enough to make me wonder if it can keep going up). If PLUG loses the bottom of the triangle, then the bullish idea will be ruined, at least temporarily. But it can fil the gap at 32.13 if it triggers the pattern in the 30min chart. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:PLUG
by UnknownUnicorn21312077
2
Divergent Technical analysisCurrently the BTC following s strong downtrend in May, but this downtrend is currently hitting a good support at around 31500, which was already good support in Jan 2021. This two trendline forming a descending triangle, which is usually a bearish pattern. At the time know we are trading at the upper edge of the triangle. A break-out could happen, by in my oppinion very unlikely. If its happen it could be impulsive. If we closing a 4h candle be 31500 and get rejected afterwards again at the same limit. This will be the signal for a rapid downtrend. From the baseline of the traingle technical traget will be below 20k. But there also some technical fib levels at 23k an 20k, which can give some support. Additionally, it should be mentioned that the volume indicators how less trading acivities in the range of 20-30k. If this negativ break-out happen, this could be impulsive. Keep your eyes open and keep attention to this tow trendlines.
Short
by MichiBTC2021
1
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