Descending Channel

PULEMokhothu

Hello Everyone A look at the EURUSD pair from the 4H chart which dropped to 2-DAY lows yesterday at around 1.1750. The pair slowly loosing it grip further as we touched the base of the descending channel structure. ECB remains attentive to the euro appreciation. FED'S J. POWELL will testify on Tuesday, wed & thurs. looking for structure to hold on the pair...

harisonhbn9718

U.S. Dollar it's show this week a strenghten of the value, well, this par it's show a great opportunity of 150 pips Today, we have an economic calendar about the Bank of Japan metting today about the policy monetary, and well, I dont's surprise that Japan is ok in aspect of the economy, but remember that Forex it's manipulated by institutionals, we need to know...

harisonhbn9718

Today, we have 2 news of New Zealand Dollar: 1. Reserve Bank of New Zelanad Interst Rate Decision 2. Reserve Bank of New Zealand Rate Statement Both news, I hope a good result and recovery in the New Zealand economy Looking in the technical analysis, we see that Australian Dollar don't have force to continue up, because as we could see a possible sell-off, so i...

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...

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...

lightknight

LTCETH Expected to Reverse and Outperform Ethereum Price has been trading in a downward channel for the past months and is approaching the long term support where price has rebounded before multiple times Technicals: MACD on the daily is bearish, so may need a few days to reverse but weekly and monthly histograms are about to turn green (weekly) or reverse...

plancton0618

AIONBTC is in a descending channel and range (monthly and weekly) IF the price gains momentum and break the channel, we can see a retest on monthly 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...

plancton0618

XLMBTC in on weekly dynamic support ( previous idea ), and inside a descending daily channel. IF and only IF the Price will break towards up the channel We can see a nice bull run According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...

Aperna

We might start to see longer term US bond weakness as the copper/gold ratio rebounds off the lower extreme of it's descending channel. In this example I'm using TLT, an ETF. These two have an inverse relationship and also correlate with the US dollar. Long term US bonds and the USD tend to have a positive correlation giving both a bearish outlook. This is more...

plancton0618

XTZUSDT broke the wedge and the price is in a descending channel. We can expect a retracement to retest the previuous resistance. IF the price will reject we can see another bear impulse. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...

kubilaydereli32

Forming a descending triangle on the daily chart. Most likely to see lower targets. Volume is slowly stabilizing. Swipe already released several news in the past days. But it hasn't got them far. Basically selling the news. Targets: 0.00019750 0.00018850 0.00017500

plancton0618

LTCUSDT is on weekly support and on bottom of weekly channel. IF and only IF the price will lose the weekly support 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 ->...

Isaiahgr3

In this chart I had to stop myself from drawing too many lines. The trendlines make it clear to see that the greenback is stuck in a steep, downwards channel. The RSI is trending upwards, possibly indicating that the DXY is overbought even while the price is trending downwards. After breaking past it’s downward sloping support at the 91 level, it has traded...

plancton0618

PNTBTC is Waiting for a breakout from descending channel, 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 structure. Here is the Plancton0618 technical...

Norwegiantrading

Price broke out of a 2-month long descending channel 2 days ago. Now the price has reversed down and tested a small support area, and have resumed upwards. This could possibly show a trend reversal. I am currently holding this pair, and aiming for 1.35400. Stop loss is placed below the wick of the last candle (1.31100). If you want a safer and quicker trade, go...

BenFxLDN

Price is moving correctively to the downside expecting a possible explosion to the upside, especially with oil seemly looking like it's going to crash

plancton0618

OMGBTC is trying to break a daily resistance after a huge imoulse. The price bounce on 0.786 Fibonacci Level and it's inside a descending channel. IF the price will break a daily 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...

AzizKhanZamani

Repost** Evening Traders, Today’s analysis – USDJPY – Prices action is projecting down in a descending channel , until broken, price is likely to continue trading within two boundaries. Points to consider, - Trend bearish (consecutive lower highs) - Daily S/R breached (Resistance) - Oscillators equilibrium - Low Volume We can conclude that the immediate trend...