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Descending Triangle

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
Food for thoughts 22-04Doesn't feel very bullish at the moment. Bitcoin always has a way to suprise you, but this descending triangle* (bearish continuation pattern) looks like a recipe for more downside, before going up again. Took some BTC and ALT profit of the table last tuesday (after the dip) and looking to take some more around 56K. Love to be wrong tho.. * A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows
Short
by RW10
1
Descending Channel for QC Copper & Gold?It appears as though QCCU is trading in a descending channel, if the bottom support is lost then be very cautious. On the KST there's been a bearish cross where I have placed the red downward pointing finger. The DMI is showing a bearish cross where the red line has crossed over the blue in an upward motion, I have placed red finger icons as some other similar previous examples. Keep an eye on the DMI because it's possible the blue line crosses over the red and orange in an upward motion this week if there's going to be a bullish reaction off of the bottom of the descending channel pattern. The dark red line on the chart represents the baseline of potentially a descending triangle or bullish flag formation, when viewing from a longer-term time perspective than a 6-month chart it becomes more apparent. This chart is done on a log scale, I will link another chart done differently. If this was a descending triangle or potentially a bullish flag the baseline of support has been lost.
Q
by ScotianBot