Possible formation of a small descending channel, after price made a multiple touch within a major descending channel.
Ethreum it's into this bearish chartist pattern just in Daily timeframe. I believe that we should to find up long position or buy in Ethereum price right now. This it's just my short idea and my expectative being a master of trend.
Daily - Price is stuck in a descending channel, and almost hitting the top of the channel. -> indicating possible reversal if moved impulsively to the downside. 4H - Price is in an ascending channel and on the LTF forming a descending channel indicating reversal if the LTF channel broken higher. 1H - Wait for the break and continuation pattern must proceed, and...
HTF - Market has been in a descending channel since around April of 2021. LTF - Now in the LTF it has broken the HTF structure but it is not continuing its course as it was supposed to, however, it is forming another descending channel which is a reversal pattern... With that said, we might get an impulsive move up and what we should expect next would be a...
Hello Traders, Just wanted to make a few points here and talk about my plan for shib. As you can see Shib has been forming a descending channel for 3 full months. Which recently on the last pullback within the channel the RSI reached oversold territory. Previously back in September of 2021 the RSI also hit this same area and this indicated it had bottomed. I am...
FX:AUDJPY As you can see, everything on the chart makes sense, every move makes sense. As we can see, the price is in the descending channel and we've just created a new LL, which means we can expect a pullback that will allow us to make a new LH after what I expect that price will follow descending structure and make new LL. If you find this helpful...
FX:GBPUSD Beautiful Price Action and beautiful descending channel on GBPUSD . We can see that the price respect descending structure and SMC concept. That means price will follow descending structure and make new LL. If you find this helpful please hit like and follow.
Based on the chart, price still stick in descending channel and if the price breaks this descending channel, we can expect more gain for the price and if the price break $130 support then $100 is our next target and support This is not financial advice, always do your own research. Please, fell free to ask your question, write it in comments below, and I will...
HTF - Market has been stuck in a descending channel since Feb of 2021, almost a year, and just recently broke to the downside, however, I think that market might come back into the pattern for some bullish action. LTF - The market will possibly reverse because the price is stuck just under the HTF descending channel which is a reversal pattern, in another D....
HTF - Price has been on an HTF descending channel since May of 2021, and recently broke structure, indicating that can be further upside momentum. LTF - Price now is out of the structure and forming a continuation correction pattern on the 1Hr TF, a high probability that the market will continue its momentum.
HTF descending channel 4Hr TF - Descending channel, touching the bottom of the HTF channel and price moving towards the top of the 4Hr TF pattern, probability of the price to break up high. With the idea to get into the trade after the LTF continuation pattern break
based on the chart here the price is close to important area ( purple area that located on the chart )✔ if the price breaks the purple area here, to the up side we can expect gain and our next target is black trend line🚀 unless we can expect retest to the purple area and more correction and dump are coming for the price ❌🧨 This is not financial advice,...
- Impulse Elliott Wave has been completed with 5 successful waves. - Now the main ascending channel is being destroyed by bears. - Looks like the bull market is over for 90% of all altcoins. - Only few altcoins can survive long term, maybe FET can be one of them, but we need a correction first before another push to the upside. - HODL Is a bad strategy for...
USDCHF on the 4h chart is moving inside a descending channel. The price is now breaking the trendline and testing a 4h resistance. According to Plancton's strategy IF the price will break above and satisfy the Academy rules we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Clean descending channel pattern, 1.32000 next target on the line. A clean break to the upside will lead us to 1.38000 and higher. Daily timeframes create strong lines of resistance and support.
Dumelang Everyone :) If price pushes up and breaks out I'll be looking for the continuation after the breakout or If price pushes down 1st I'll wait for the first bullish flag after the bullish reversal impulse. ** Dumelang (Hello in Tswana one of SA official languages')
Etherereum could to forming a bearish channel in H4 timeframe, that perspective could be bearish for Ethereum as Ethereum price it's around of $3,780 USD approx. Now, in the live market, we look a bearish rising wedge in H4 timeframe. Now, if you going in H8 timeframe. There's a track to knowt that we are going to drop based in the price action analysis and move...
Daily TF with Bearish Bias. 4Hr TF - Ascending channel being formed and another descending channel formed inside, the price hit the bottom of ascending channel and reacted impulsively and forming a double bottom, waiting for the break of the channel and LTF correction for bullish momentum. Remember, counter-trade setups are very risky since most of the momentum...