In the previous sections, we identified important areas. Hello Everyone if you like idea, do not forget to support with a like and follow!tnx
GBPJPY recently tested a very strong declining resistance and from this point we can expect further downward pressure so my sentiment on this pair is, BEARISH.
Technical analysis: #matic(Daily update) * MATICUSDT is breakout the decending tringle pattern, the beginning of an uptrend is expected from here. *The price is trading above 50- MA as well as 200 MA, bulls are full in control now to take matic upside. *MATIC is now break the it downtrend . MATIC need to hold above trend line otherwise we will see some sell-off...
ChainLink broke out of its downtrend and descending triangle - IMO = Bullish The 200 Day Moving Average crossed OVER the 50 Day Moving Average - IMO = Bearish Keep an eye on LINK!
Recently BTC price has formed some kind of a symmetrical triangle after a capitulation. There is a huge fear in a market right now, and i cannot help myself buying some alts at those prices. We will eventually climb back up. When? .. No body knows, but if btc decides to fall down from this pattern we may have a retest of a recent local low forming a double bottom...
If you have shorted USDJPY, it is a good idea to keep it. For traders who have not engaged in the trade, a good level to consider engage is at 109.03 for a shorting opportunity at the base of the descending triangle.
XRP will continue to rise but it will be a little stuck in the shown decending triangle pattern. Try to by at around 1 USDT. As always I am not an expert, you can help me by commenting your tips down below.
A Decending Triangle has formed on the ALICE/USDT Chart Although it is a bilateral sign it looks like the resitance broke and ALICE will end up back at 13 USDT. I am new to Cryptocurrencies so if you have any tips pleas feel free to comment.
USDJPY has a confirmed descending triangle setup, I will be waiting for a retest on the trendline for a trend trading and trend following trading opportunity. A break and close above the trendline will invalid the trade.
we broke the bearish pennant mostly visible on the 4 and 1 h time frames today. and now we are in the making of a possible descending triangle. if we break down we have relatively strong support at 47000 area(triangle target and 20weekly ma). too soon to decide what might happen after that but I'm fairly bearish right now. TD-sequential suggests at least 3 more...
TA: BNT broke out and preformed a nice swoop that suggests the Elliot waves will repeat itself. FA: Bancor also says it will burn the BNT coin early April, which is incredibly bullish. (The last time this happened BNB rose from $40 to $100) Let me know what you think.
Tilray is in a nice descending triangle, RSI is prime with MACD crossing over. This is not trading advice
SAND/BTC on the 1hr chart is currently in a descending triangle and is holding strong at the 300 support level. Waiting on the break of the triangle to retest and could be looking a some pretty good gains
Is it just me or is NIO shaping up into a descending triangle at support.. the next major support is at $49.. Let's wait and see. it would make sense following the huge gains and hype around the "just gone Nio Day"
Retracements are shown in post Brexit for both GBPUSD and EURUSD. On the daily chart, GBPUSD has a brief break and close above the recent high before making it way to its retracement. On the 1-hourly chart, there's an inverted descending triangle formation which could probably break and close below the bat pattern formation. If the market retest the trendline...
ETH/BTC broke bearish out of the descending triangle. It looks like it has hit bottom. Support at 0.027 0.033 is the key level to break Thanks