Descending Channel

EnlightenedTrading

Hey there, support the post with your likes and comment down below what to review next! Follow me here and on YouTube! We have a descending parallel channel repeating here for UNIUSD. Uniswap token is a hype altcoin with dramatic swings, so buckle up for the ride! Cheers, Konrad

FedericoSellitti

EURGBP shows very interesting action in this period. At the bottom, we have an uptrend line that recently proved to be quite reliable, rejecting the price at 0.9020. Another level that supports buyers' positions can be found around 0.9070, where we have a short term support: At the top, we have a very good downtrend line...

ScotianBot

Since my previous post on OSTK linked to this chart we have seen some support on the KST & a bounce back into the descending channel. Where I had a question mark before on the KST is now another blue finger icon representing a micro bottom. The RSI has additionally bounced back into what was a descending triangle, it's possible we see this play out as a bullish...

plancton0618

VETUSDT is trying to break a descending channel and weekly resistance. IF the price gains bullish momentum According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...

plancton0618

MKRBTC is trying to have a breakout from the descending channel. The price is testing the weekly resistance, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...

ninjacookies

Pretty self explanitory. DOGE has been in a downward spiral the past few months after hitting an all time high of 60 satoshis. 25 satoshis is strong historical support. However, be aware it has dipped as low as 21 satoshis last year. RSI has flipped to the upside...but unimpressive volume and no follow through. I'd like to think this idea is valid if...

RejectedTraders

Hello Traders, GBPUSD is forming an interesting picture on 4-Hour TF. - Descending Channel - Wedge Breakout Confirmed - Ichimoku Cloud Breakout Confirmed Rules to Buy: Open Long Position ONLY IF: - Descending Channel Breakout with high volume confirmation. - Our Buy Zone Breakout with high volume confirmation. - If both rules are satisfied market buy when new...

Gideonscale

The price of ETH has has confirmed to be following the new channel and it is near the upper boundary of the channel on the hourly time frame, so let's look fo an opportunity to go short.

ArshiaZojaji

BTC is still in a descending channel that I drew.. With recently bullish move I expect BTC to move to top of the channel 11200 critical resistance level.. There are two possible scenarios that I predict.. The Bullish scenario: BTC can handle and break the 11200 resistance level, in this case I'll expect our next stop is at 12000.. The Bearish scenario: BTC reject...

Juanjo_LP

Time to see which channel is on play. BUY IF: Bottom of ascending channel (green) becomes tested, bounces, and breaks above top of descending channel (red). SELL IF: Bottom of ascending channel (green) breaks below, then top of descending channel (red) becomes tested but doesn't break upwards.

Gideonscale

USD is following a decending channel against the JPY. Let us look for an opportunity to follow the trend to the daily support level. dont forget to put a stop loss aoutside the channel

plancton0618

As We said in the previous idea the price rejected from weekly resistance and the price broke the descending channel. On the weekly chart, the price in on 0.618 Fibonacci Level. We can expect a retracement to previous descending channel. IF the price will reject we can see a another bear impulse. According to Plancton's strategy, we can set a nice...

Benettel

This pair is in a Downtrend forming a Bearish Expanding Channel. The Uptrend has ended long time ago and now Sellers are in control of the this pair. The next Demand Level of Buyers is at the Horizontal Support. This area has been tested only once, so it is a fresh buying level. We also have a very Strong Confluence of Support in the Green Circle which means...

harisonhbn9718

Euro/ U.S. Dollar continue in their rally about the European Central Bank that want to created deflation across the Europe's nation. More interesting is this timeframe. we have the Daily timeframe ane we formed a bearish channel, also, that mean that Euro is continue grow up throughout the time. And we hope that. For the...

PULEMokhothu

HEY EVERYONE Here's an idea on the POUND/DOLLAR with a bit of fundamental perspective - The pair is currently trading in a descending channel which just saw a rejection at the roof of this structure the pound has been loosing momentum due to some fundamental factors like; * The dominating fears of the rising virus cases. * BREXIT - BREXIT deal remains more...

AndriyMoraru

This descending channel on the D1 chart of AUD/NZD presents an opportunity for a bullish breakout trade. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. Stop-loss is to be set to the low of the breakout candle (not shown on the chart).

Juanjo_LP

Two possible channels in play. One has been previously confirmed: a bullish channel eversince a bit after the March market crash. The other is an uncofirmed bearish channel started since we've begun bleeding at the 12K mark. Which one of the two is the true underlying channel at play, should be decided October 15th. This is not financial advice, proceed...

harisonhbn9718

Hello, in this analysis, in H4 timeframe Litecoin turn bearish and the market make a flow with the bearish sentiment continusly We see that Litecoin is into this bearish channel formed from September on this year and then, we hope a short position pending to entry to pick down 2 targets that I show you in H1 timeframe. As...