Hi! Let me share my first idea! Acquired when the falling triangle pattern is completed and the support line is retested after the falling triangle is broken.
ATOMUSDT appears to have recently grabbed new liquidity from the monthly support on the $8.7 area, creating a breakout that led to profitable trades. Currently, the market is testing a weekly descending channel. This channel represents a period of downward price movement that is bounded by two parallel trendlines. We will be closely monitoring whether the...
The price had a clear breakout from the descending channel and retest it as new support on 0.36$ area on 0.618 Fibonacci level. XRP got the liquidity from the false breakout from the 0.33$ area, where the market created the local demand zone At the moment the price is going to create a pennant just below the daily resistance and key level How to approach it? the...
Expecting a breakout from this nice descending channel. Entry on support zones bounce would be nice also. Good potential here. Set alerts on important levels. Follow this idea if you want to get notifications on updates. Good luck traders
Tesla broke descending wedge pattern on Thursday, December 22, 2022. There is heavy open interest at the $130 OTM strike price expiring 12/23/22. The stock has the potential to tap the bottom of the descending wedge pattern (yellow line) and fall down into the $90 range over the coming months. Also, gap fill below $100. We will see if gaps fill. Disclaimer:...
AUDCAD is currently trading at upper trendline of a descending channel on the weekly timeframe. This can give a good short opportunity with a confirmed rejection from the trendline and price moving below the resistance zone. Aggressive traders can take a short now with a SL above 0.932 as there is bearish price action on LTFs. With successful trade, I would book...
Hi dear community and my lovely followers. I posted BTC bullish megaphone chart pattern in my previous analysis and now I would like to bring your attention to this weekly descending broadening wedge bullish chart pattern. As you now BTC loves triangles and wedges)) Look how many descending broadening wedges had been broken since 2018)) but the recent is the...
Bitcoin just broke the descending triangle after a fake breakout, BUll trap (short squeeze.) Next step 10-12k, on the 0.618-0.786 fib retracement. 6 months more to BTC bottom.
We could possibly see this inverse cup and handle get invalidated if BTC breaks this descending yellow trendline since the $69k high in 2021. I can see a $25k price target if we follow this ascending trendline that could be forming right now.
Descending channel continuation... Below 854 for more chance for fall.. Strict follow risk reward and stop loss.. Thanks, V Trade Poin
We had an descending tunnel in many TF, however was crossed, but right now is coming back to the tunnel what show us a big probability of cointinue the short strategy. Lets wait to see what will happen to the candle and if could cross the BB lower line
USDCAD Descending Triangle Pattern (or at least it seems) . S/L and T/P 30 Pip each way from Entry. For FMI (Forex Mastery Institute).
Using descending channels and 210 MA and also fundamentals with recession fears along with more Interest rate hikes we could see more downside with the Nasdaq 100.
The price is inside a descending channel on the 4h timeframe after the market bounced on the dynamic support on the daily one. Not the price is testing an important resistance on the 1.4$ area. How to approach it? IF the price is going to have a breakout from the resistance and retest it as new support, According to Plancton's strategy , we can set a nice...
AUD/USD is in a daily descending triangle with a divergence that has been broken to the upside recently and has retested close to the 50% fibonacci. This pair, as most XXX/USD pairs, if not all will be heading to the upside for weeks. Good luck!
We're at a good spot for a bullish reversal on BTC. The next few days will be telling. - Rejection at the bottom of the bear flag - Primed to break back into the large descending wedge (white). - Three weeks of growing momentum on the MACD - MACD primed to break through 7-months' support-turned-resistance - RSI primed to break through 8-Months' resistance
Hi Traders, Looking at Apple Stock today on the 1-hour time frame. We see a nice potential triple bottom playing out. Price has been respecting the descending trend line as well as the neckline of the triple bottom. Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it. Once the market...
We have little to no support below these levels, we just pumped through them without spending much time, considering the traditional markets will probably be in a turmoil for about a year or so, expect bitcoin to drop as low as 8k! I do see a falling wedge, but we broke through too many support levels, we need a bounce now or it is over! Greetings from Dia