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
Hello traders: Lately many have been asking about where GOLD might be going, and the question is always whether to bur or sell now. From my point of view, there is no need to rush to jump into the position right away. Let the price comes to you when its ready and execute is going to be more consistent and sustainable. So lets take a look at the overall price...
Hello everyone: CADJPY also is on my watchlist to look for a potential sell opportunity. We can see price has pushed up from the expanding correction, but is not showing us a strong bullish price action. Instead price is rather corrective and within an ascending channel correction. From the HTF we know there is a potential double tops that the price is...
Hi everyone: Also eyeing WAVES for another bullish opportunity to the upside. We can see price had a strong bullish impulse surge to the upside, and is now forming correction. Naturally price needs time to correct the previous bullish move, and we start to see a bullish continuation structure, flag/channel in the making. Currently price is at the lows of the...
Hello trader: Been paying attention to MATIC as the price has pretty strong surge for the last few months now. Looking at the price action on the lower time frames, we can clearly see bullish price action to continue push the price up. Smaller impulses and corrections are good sign of the continuation trend, which is what we see here. The latest price is...
Hello everyone: Let take a look purely in technical perspective in DOGE. DOGE's price has pushed down since the start of the week on Sunday, and to a recent lows around $0.35. From my last outlook on DOGE, I mentioned that if price was to pushed down pass previous highs and formed bearish continuation correction, then we can see potential further...
Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week. I will explain my approach on the entry, SL, TP and management. CADCHF: Running Position Full analysis/forecast: AUDJPY: - 1% loss Full analysis/forecast: NZDJPY: +0.5% profit Full analysis/forecast: EURCHF: - 1.16% loss from...
A quick analysis of Cardano's Price Action over the past 2-3 weeks shows us that we might be entering into the next pull-back / consolidation range. Previous spikes above the 72-79 RSI level have been followed by approximately 9% pull-backs before continuing on to the next run up. At current prices, a 9% pull-back would put us in the range of $2.10-$2.15. In...
So doge did exactly what I said it would do... now in this chart I pinpointed where the next levels of resistance and supports are, and as you can see the price movement is working the volume lines. Lets see if we keep going up. Target is .80 but we have a bumpy road ahead of us.
From what we can see, there was no "major sell-off" per se. This was really just another scenario where $DOGE and other altcoins followed in the footsteps of $BTC. If you have any questions or comments, please reach out or leave them below. As always, happy investing!
Hello traders: Liking the price action on CADCHF for a bearish reversal. We can see the overall price has manage to correct the price up in the ascending channel correction. There is a double tops, "M" style correction reversal as well, and we see strong bearish breakdown from the price. Last confirmation here is to wait for a LTF continuation correction to...
Hello everyone: ETC has managed to push up quite a bit since the beginning of 2021. We can clearly see a strong higher time frame bullish impulse move, pushing up the price to the upside. Naturally, the markets needs to correct the bullish phrase by forming some kind of correction structure/pattern. In this case we start to see a clean descending channel...
Hi everyone: Few USD pairs had some strong bearish move today, and lets look for possible opportunities on them next few days. NZDUSD is looking clean for a breakout and continuation price action. We can see price had the initial strong impulse phase from the previous ascending channel, and it starts to correct into another ascending channel. Latest price...
Hello everyone: Also looking at the US indices for bearish opportunities. From the HTF, we can see price made another sharp move to the top of the correction, but instead of continuation price action, we are seeing a channel like correction that failed to push price higher. Instead, the latest price had a strong bearish impulse down, breaking below the...
Hello traders: Looking at NZDJPY's price action for further selling opportunities. We can see a HTF ascending channel correcting the price up to the previous highs, double tops. On the LTF we see a "M" structure, Mini double tops, and a rising wedge. All good bearish price action to give us confirmation for a strong reversal from the top. Similar like AUDJPY...
After Nio's sudden hard drop yesterday it regained its momentum and went back up. Nio at the moment is in a slight downward trend but it could do one last rise before falling down. Don't get me wrong I believe in Nio in the long term, but its stock is not looking too bright at the moment, for any swing traders Nio seems like a very interesting play right now. My...
In case of pullback to the area and strong return, buy