After this mornings massive dump, the bulls are going to pull price up from all indications both from Fibs retracement, RSI and the downward triangles resistance line.
That brings me to the long-term Bearish triangle which suggests a more massive dump but then if a downward channel is traced a little backwards neglecting a few inadequacies, the BULL might control...
NzdChf appears to have formed a defending triangle formation,,
Preference is to take up a short position, but only once price has broken out of the support and retested
I spotted a Bearish Triangle on Bitcoins 15m time-frame. It gave me bearish vibes for future price movements. Expecting retracements to the outside of the triangle until confirmed Breakout occurs under 10175.00. I marked my entry level on the chart. Profit level is set at a key Fibonacci level.
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Hi Traders!
The market is in a Downtrend.
The Key Areas are:
Trendline "Daily Trendline" - descending, resisting
Trendline "Bearish Triangle" - descending, resisting
Resistance @ 109.900
Resitance @ 108.000
Support @ 106.700
Support @ 105.000
Category:
- Bearish Flag Pattern
- Trend Continuation
When started the Downmovement?
It...
Hi Traders!
The market is in a downtrend.
As you can see, the market broke out of the Level at 1.24200.
Then it made a strong downmovement
After this downmovement, the market started to retrace.
It made higher lows, but also lower highs.
This is known as the Bearish Triangle .
So, the target is the distance from the first movement.
You calculate it at the end...
Chainlink has exactly the same structure as Tezos, which we talked about a while ago on my Trading view profile. You can use these two coins as a trading signal if you control trading Short positions on stock exchanges such as Binance or Bitfinex. You can earn on these exchanges even if the coins are falling, by opening the Short Positions. Or, if you still do not...
Most Altcoins against the dollar create Bearish formations such as Rising wedge or Bearish triangle. I only give them a few hours / days until these formations are completed and the Altcoins along with Bitcoin start the price dump. If we thoroughly discuss the chart of Tezos, then we saw the purchase zone at 0.80$ to 0.60$. In this zone, I would concentrate my buy...
YELP is displaying a bearish triangle pattern, which will lead to downsides. However rising MACD is contradictory to this analysis and suggests that momentum is moving upwards. Time will tell what we see from this.
Hello everyone and thanks for taking the time to view this chart.
I just wanted to warn everyone that there is a possible big dump coming...maybe today. I suspect 18 cents but could go to 15 cents. The pattern on the chart and the low RSI, Stoch and Cloud etc says it all. Not to mention similar patterns in XRP history.
This article you will want to read...
Hello Friends
As you can see on this chart, XRP isn't going anywhere but further down. According to this pattern and similar patterns you can find here looking backwards, this is a bearish triangle. Yet it could prove us wrong.
If it does turn around we would need to see XRP make a move towards the Ichimoku Cloud. That would be a risky early buy but nothing...
Daily confirmation candles signal a BUY from strong support, looks like a great BUY for the coming days. Long term negative trend line caps take profit at 1.1370. Also could break to the downside soon with a possible bearish triangle formation on the daily over the long term.
EURO Data (high impact)
-ECB Monetary policy (11hrs)
US Fundamental events next two...
Bitcoin seems to be consolidating inside a Symmetrical Triangle.
This would be a confirmed bearish continuation pattern if the last of these 3 phases completes:
1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our symmetrical triangle price pattern, it...
- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI.
- I previously stated that if Bitcoin dumped from there, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line.
> The divergence on the RSI has played out perfectly. Now...
Ethereum seems to be forming a bearish continuation pattern. Furthermore, on the weekly chart, the price has recently printed a pretty nasty bearish candlewick.
Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending...
