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Descending Triangle

DASHUSDT → Bullish patterns and preconditions on a downtrend DASHUSDT is forming a conglomeration of bullish assumptions, attitudes and patterns. It is possible that the coin is starting to see a buyer, but it all depends more on their potential and interest. On W1, the coin is trading almost at the bottom, which is the 22.6 area, and the strong support in this case is the 25.0 area. Relative to 25 a triple bottom is formed, below which the market does not allow the price to pass yet. It is worth paying attention to the resistance of 39.98. The level formed back in 2019 plays an important role in the market. The price forms a pre-breakdown consolidation as well as a symmetrical triangle and makes an attempt to break through the resistance. Support levels: 34.45, 31.22 Resistance levels: 39.35, 39.98 The resistance breakout may happen after a small pullback to 34.45 or directly in the nearest future. But only a break of 39.35-39.98 zone will be an important key point. Consolidation above 40.0 will be a good signal for further growth by tens and hundreds of percent. Regards R. Linda!
Long
by RLinda
11
Descending Triangle Breakout - MAHLOG📊 Script: MAHLOG 📊 Sector: Logistics 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart. 📈 It is trading at upper band of BB and giving breakout of it. 📈 Already Crossover into MACD. 📈 Double Moving Averages giving Crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. Weekly Chart ⏱️ C.M.P 📑💰- 444 🟢 Target 🎯🏆 - 485 ⚠️ Stoploss ☠️🚫 - 428 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:MAHLOGLong
by radha_23
3
📈UNI Spot Buying Entry Analysis🛒🔍Today, let's analyze UniSwap (UNI) focusing on the daily timeframe for spot trading, aiming to identify optimal entry points for buying. 📈After a sharp upward movement towards resistance at $15.402, UNI initiated a correction, extending to the 0.5 Fibonacci level, where price reacted twice. ✨A closer examination reveals a descending triangle formation approaching its apex. Upon breaking the triangle's support line, a short position opportunity may arise. However, caution is warranted as breaking the support enters the golden Fibonacci ratio zone, likely prompting significant reactions. 🛒For spot buying, patience is key, waiting for the trend to break and confirm above $12.964, which would serve as a consolidation trigger for a logical spot purchase. 🐢For those seeking more certainty, waiting for price confirmation above $15.402 before entering a buy position is advisable. A concern arises from declining volume, indicating diminishing interest in UNI. Healthy volume is crucial for sustained price movement, whether upward or downward. ✅As for targets, considering the area around $22.718 could be prudent. Upon reaching this level, decisions regarding profit-taking or holding can be made based on price reaction. 📝Overall, UNI presents potential entry opportunities for spot buying, contingent upon price confirmations and volume considerations. Vigilance and strategic decision-making are essential in navigating UNI's current chart dynamics. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
1
META to $455Overview META is approaching a possible landslide that may take the share price to around $455. An influx of insider liquidation paired with healthy market skepticism supports the possible correction. Fundamentals Overall the company appears healthy according to their 2023 Annual Report. The only filings that I found concerning was the abundance of 144s that indicate insider liquidation. As of late, insider liquidation has been heavily present amongst most of the Magnificent Seven companies (GOOGL, AMZN, NVDA, and TSLA) Technicals A bear flag is forming after the rally momentum rounded out and is now beginning to develop a descending triangle. The oscillators don't support a breakdown at the current time so a possible bounce back to the triangle's resistance line around $505-510 is possible as the pattern continues to develop.
NASDAQ:METAShort
by Shepherd_Investor
Bullish move on reversalPoints of Ethics :- 1) Strong selling at level 441 if price Falls below this level lower level AT 408.30 can be seen and also we have strong buying area at the same level AT price 408.30 so we can see another reversal for the price to move near resistance around 496 to 517 2) If the price does not cross 438.40 then we can see further reversal and we can go long with the target between 75 to 80 points, 496 to 517 considered as retracement zone we also have small resistance near 441 so we can plan our trades accordingly as per the levels 3) short term time period of 30 days Reversal seen at support on monthly candle , price is forming a descending pattern, be cautious. *** Views are personal and not a advise, DYOR ***
NSE:GHCLLong
by Ethical_Bear
FLOW - Descending Triangle BreakoutBINANCE:FLOWUSDT (4H CHART) Technical Analysis Update FLOW is currently trading at $0.806 and showing overall bullish sentiment. We can see a clear descending triangle breakout and price is moving nicely after the breakout. This is showing clear bullish momentum and we can expect the price to hit our targets easily. Entry level: $ 0.779 - 0.805 Stop loss level $ 0.697 Target 1: $ 0.850 Target 2: $ 0.881 Target 3: $ 0.969 Target 4: $1.036 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
DOGEUSDT - Confirmed Breakout - Enter on RetraceBINANCE:DOGEUSDT (4H CHART) Technical Analysis Update DOGE is currently trading at $0.08319 and showing overall bullish sentiment after the breakout from the descending triangle pattern. We are expecting the price to retrace back to the support line and once it hits the support we can enter the long position. Entry level: $ 0.08091 - 0.08316 Stop loss level: $ 0.07473 Target 1: $ 0.08599 Target 2: $ 0.08958 Target 3: $ 0.9814 Target 4: $ 0.10733 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
GOLD → Liquidation of sellers could trigger a fall. Target 2100?FX:XAUUSD stops after a strong rally. A new ATH = 2195 is formed, after which the market starts the correction phase. The support 2175 is broken and the price tests 2150. There is a probability of continuation of decrease but after resistance retest. The fundamental background has been maintained since Tuesday. Yesterday we got CPI positive for the dollar, which temporarily strengthens the index and negatively affects the gold. After the 2175 breakout, the market gives us a move of almost 240 pips. Fundamentally, there is no important news today, so the market is influenced by yesterday's data. On H1, consolidation is forming below 2161. Buyers are trying to buy back the fall, but sellers do not let prices go above 2165. In this case, the most likely scenario may be a shakeout (false breakdown of 2165) and liquidation of sellers before a further decline to 2144 - 2100. Resistance levels: 2165, 2175 Support levels: 2144, 2125, 2100 The correction phase is most likely not over yet. The price may test the resistance before a further decline with a negative fundamental background TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! NCDEX:GOLD Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
KAVAUSDT → Readiness to move into the distribution phase BINANCE:KAVAUSDT breaks the triangle resistance, which provokes the formation of a strong impulse. But now the price meets the flat resistance at 0.954. On W1, the coin is starting to come to life, but is still very far away from the overall altcoin market. Trading volumes are growing when the resistance is broken, which indicates that the market is ready to realize the accumulated potential. On D1 we are interested in the level of 0.954. A correction is possible, but we need to wait for a breakthrough and price consolidation above this area, which will be a confirmation of the market's readiness to go higher. Support levels: 0.865, 0.694 Resistance levels: 0.954 I expect a final exit of the price from the global downtrend and subsequent growth to 1.28 and 1.55. BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
28
KLAYUSDT → Pre-breakdown consolidation before growth by 100% BINANCE:KLAYUSDT is forming a local bullish trend, but globally the coin is lagging behind the cryptocurrency market and is still under bearish trend resistance. A clearly formed bottom, a local bullish trend and pre-breakout consolidation against bearish trend resistance can play the role of important preconditions for a possible trend change and the market's transition into a bullish phase. In this case, a breakout of the 0.2550 - 0.2600 area may trigger volume growth with subsequent distribution towards the mentioned targets. Klay may start catching up with the market outperformance and capitalization, thus realizing the accumulated potential. Resistance levels: 0.2541, 0.2568 Support levels: 0.2179 I expect a breakout and price exit beyond the bearish trend with subsequent growth to the above targets BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
KLong
by RLinda
5
MATICUSDT → Breaking through triangle resistanceBINANCE:MATICUSDT is forming an attempt to change the trend. The price is testing the resistance area of the descending triangle. A consolidation above the key level may start a strong distribution. MATIC price is still in a bearish trend amid a strong cryptocurrency rally. For the last few days, the coin has been forming a resistance retest and is currently consolidating above 1.0303, a level that now plays a key role. If the bulls consolidate their positions above this level, they will form a potential for further growth of 20-50%. The first target is 1.1990, then 1.5490. On the weekly timeframe we see that the price realizes growth inside the range, the target of which is resistance. Support levels: 1.03030, 0.9849. Resistance levels: 1.1990, 1.5496. The coin is breaking the resistance, but it is still under the pressure of sellers. If buyers consolidate their positions above 1.0303, form the so-called local bottom, strong growth awaits us in the medium and long term BITSTAMP:BTCUSD CRYPTOCAP:TOTAL2 BINANCE:MATICUSD Regards R. Linda!
MLong
by RLinda
13
GOLD → Distribution continues. Is the target of 2150 relevant?FX:XAUUSD strengthens to 2120 and forms a new local consolidation within the distribution after coming out of a prolonged consolidation. Should we wait for further growth? The price has entered an empty range of 2085 - 2150, within which there is no resistance, which suggests that the price can reach ATH - 2145-2150 quite easily and quickly. Consolidation, from which the price recently came out, lasted for 3 months, which allowed the market to accumulate a huge potential. The realization of such potential may take 20-40% of the duration of this consolidation. But, it is not about the distribution, but about the whole upward movement. Gold continues to form a global bullish trend. Consolidation is forming on H4. Breakout and consolidation of the price above 2020 will form the potential for further growth to the maximum. Resistance levels: 2120, 2145, 2150 Support levels: 2110, 2100 I expect growth to continue within the realized distribution phase, as the market has not yet reached its target. Local corrections, traps are possible, but the target may be reached in the near future TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
NZDUSD → The bearish trend continues to accompany the price OANDA:NZDUSD is trading inside the descending price channel. A new downward movement is formed on the background of the growing dollar index, the pair is testing the support, the breakthrough of which can give a strong impulse. A descending triangle is forming on W1, which indicates the weakness of the New Zealand dollar. The price cannot break through the trend resistance, and another dxy reversal for growth indicates that nzd will continue to weaken. On n4 we are interested in the level of 0.60862, relative to which a pre-breakout consolidation is formed, which can move the market into the phase of distribution. Breakout of 0.60862 and price consolidation below the level will be a confirmation that the pair is ready to continue falling to the mentioned targets. Resistance levels: 0.611, MA-200 Support levels: 0.60862, 0.600 I expect a breakthrough of the specified trigger zone with a subsequent fall towards the specified targets. Regards R. Linda!
Short
by RLinda
6
TOTAL CAP prediction in next 6 months +100% CRYPTOCAP:TOTAL Descending Triangle Breakout expected Wyckoff cycle end, accumulation incoming in next mid-term period of 6-10 months, next "BUS" station +100% in market cap. Too many projects waiting under the carpet during this period, development cannot be stopped !!!! Financials trying to catch up with technology and not lose control, it has always been like that throughout history, that is the only way to move the boundaries and make progress. I wish you a prosperous 2023 🙏 PS. Today is Friday the 13th, so let's see who will bring luck in the next period 🥰🙏
CRYPTOCAP:TOTALLong
by Crypto_MKD
1
USDCHF → Breakout of bullish pattern resistanceFX:USDCHF has been in consolidation phase for a long time on the background of a bullish trend, which is formed in the wake of strengthening of the dollar index. There are preconditions that the growth may continue. Today traders are expecting the US GDP, which will be released at 13:30 GMT. In general, expectations are negative, analysts expect GDP to decline by 1.6%, based on the overall environment, this data has a chance, but still, there is a chance that GDP will be slightly higher than expected. The dollar index forms a rebound from trend support, USDCHF reacts to this and breaks the resistance of the bullish pattern: descending wedge. Consolidation of the price above 0.8807 will form the potential for further growth. In this case, the medium-term target will be 0.900 - 0.904. Resistance levels: 0.8807 Support levels: 0.8742, 0.8684 Against the background of the dollar growth there is technically a high probability of growth of the currency pair, but today it is worth paying attention to the news. GDP above 3.3% will positively affect the growth of the currency pair, and the data below expectations will weaken the price. Regards R. Linda!
Long
by RLinda
3
GOLD → Retest of a previously broken level. Panic zone FOREXCOM:XAUUSD is testing local levels in the correction phase and heading towards descending triangle resistance. There are several strong levels crossing in the area of 2035-2037. What to expect from the price? The price is in the correction phase testing the symmetrical triangle resistance as well as the previously broken ascending support line. Technically, gold is in a stalemate situation, as well as in the selling zone. The crossing area of strong levels is at 2035-2040. Most likely, before a possible further fall, the price may test 2035-2040 with a false breakout. But, there is news ahead and we should not forget about their nature of unpredictability. Resistance levels: 2035, 2037, 2040 Support levels: 2030, 2020, 2016 Fundamentally, gold is weaker against the dollar. Technically, we have no trend, only flat. There is news ahead and on the background of the news, I expect that the price may continue to fall after the correction phase. Targets remain the same TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
14
USDJPY - The currency pair is preparing to make a new high FX:USDJPY is technically poised to hit a multi-month high. Against the backdrop of a strong dollar, the JPY is losing ground as the Central Bank of Japan is failing or is not going to do its job. On D1 we see a global setup, where the fact that the market wants to break through 150.286 - 151.944 becomes quite obvious. Regarding the lower boundary - 150.286, a pre-breakout consolidation is formed and the market is preparing to overcome the boundary. On H4 the pair is testing the trend support, but at the same time it is forming a wedge on the base of the descending resistance. A local bullish setup is forming on the chart. A break of the pattern resistance could form an impulse to 151.85 and further to 153. Support levels: 149.5, 148.8 Resistance levels: 151.85, 153.0 I expect growth after the end of consolidation formation. The signal for the growth continuation will be the breakthrough of the " descending wedge " pattern resistance. Regards R. Linda!
Long
by RLinda
7
🇬🇧 GBPUSD 🇺🇸 - Strong resistance and pressure from sellersGBPUSD may lose ground amid the weakness of the British market against the dollar. The dollar index is strengthening amid more positive news this week than analysts expected, moreover, another indicator of tight policy is the high interest rate in the US, which continues to be kept at the same level. Reasons for a possible fall 1) Downtrend 2) Weak fundamental background for GBP 3) Growth of the dollar index in the medium term 4) No potential for resistance breakout. High chance of a bounce or false breakout
Short
by AndeWave
2