Hello traders and investors! Let’s see how MSFT is doing today!
First, in the 1h chart, we see that the trend is still bearish. We did a higher bottom above the 21 ema recently, and if we do a new higher high, MSFT might break free from this bearish momentum. However, it feels like it must escape from this Descending Channel too before it can start to do anything...
Hello everyone 😃
ONE had a breakout from it's descending channel and now MA200 is trying to reject the price.
There is a possible retest on Channel's higher or support zone;
It could be good to take a bag of it at retest point..
📌 BTC is moving below resistance line and bearish trendline now !
So, Be very careful with altcoin trading in the...
BTC has a tendency to repeat its fractals..
we see a similar downward channel like the one seen in the previous correction from 58k to 43k. For a bullish scenario we would need this channel to break upwards, otherwise the bearish scenario will win...
there is also a very low volume zone (green box) that has to be filled sooner or later...
Price action is kept the 30,50, and the 100 EMA
200EMA has been a strong support for 5 + days
but with every touch it becomes weaker .
We are at the top of a decending channel and i dont see LONGS being the best play here
2 options too short
Either short the Red box marked on the chart with a sl above the prev high or wait for the
#DASHUSDT Technical Analysis Update
Wait for the Descending Channel breakout
DASH/USDT currently trading at $101
LONG ENTRY: Only enter long after Descending Channel Breakout in 4h chart
STOP LOSS: I will update once I see a breakout in 4-hour chart
Resistance level 1( Target): $111
Resistance level 2 (Target ): $120
Resistance level 3(Target): $137
Todays analysis – ZILBTC – trading in a possible descending channel, currently testing local support.
Points to consider:
- Flow in the market/price action
- Respecting key Fibonacci levels
- Resistance Confluence
- Trend Reversal
- Low Volume
- RSI below 50
ZILBTCs healthy counter-trend and strong continuation adds legitimacy to the money flow.
Here is a simple analysis and prediction of the next few days, considering the overall situation this next move is going difficult to predict accurately, but while the price remains in the green zone my bias is going to be leaning bullish and the reverse respectively. While I will not be trading this move due to high risk, because of confounding factors, I would...
please support this idea with your likes and follow me on TV.
Just mentioning the importance of this trendline and decending channel.
Watch out for a break to the upside, seems like bears are getting weak again
after this pullback from 7.500 USD.
Hello Traders, AUDNZD playing well so far and play as expected. Therefore for those who following these idea please move you SL to entry as break even or 0% risk or take the partial of your profit and let the rest play around.
Cheers and Enjoy everyone, Ochin_FX
To begin, sorry I am a very novice trader and analyst. This is my first ever share
Looking at the 2019 wave up I am seeing a Bull Flag, typically only short term formations are classified as such, else it's a Descending Channel. I think this may have some merit on a zoomed out look. If the having does indeed affect prices we could see this occur around or...
Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be.
On H4 im looking forward to pulling my trigger for a...
Two major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I...
Hi Beautiful peopleeee!!
Looking at the Daily Bitcoin chart, you can see a big bear with us here. I would say the army bears!. My reasons are:
1. BTC did break out from descending triangle and now become a big descending channel. Someone may think BTC is building a Falling wadge, but I do not think so because both MACD and RSI is building descending channel as...