On H4 timeframe we can see that the price has bounced of a strong support levels and also came back inside of long-term Descending Channel (bullish) Pattern, which suggest that the price is ready to move (much) higher.
Furthermore, the price broke downtremd line, that is clearly seen on H1 timeframe, which also confirms the bullish move with this pair.
Before we start discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
obvious and valid parallel channel shows us best support and resistant zones for buy and sell.
Please note how the price react to the upper and lower line of channel and also, the middle...
According to the Gann time frame theory BTC should bounce around Dec 2nd to the upside.
The golden descending channel break up should trigger the large white bull flag which should take BTC according to the Feb retracement to:
1) 77K by end of December.
2) 100K by late mid Jan.
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my analysis shows it's been on a long downtrend for a long time, the channel could still hold the price though as you can see it's on the top of the decending channel at 0.5 fib and a well respected resistant, i'm short on it and my orders just filled, but i'm not risking on it too much since the channel is OLD enough to break and the market might go up according...
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.