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Descending Triangle

ETHEREUM → Manipulation before a possible fall BINANCE:ETHUSDT , as part of manipulation and updating the local maximum to 4108, confirms strong resistance, forms a false breakout, and falls, testing key support. Bitcoin, as part of yesterday's rally in the US trading session, is trying to turn the tide, but after encountering resistance at 113600, it forms a false breakout and sells off all the growth, which is generally a signal of readiness for a decline. This could have a negative impact on the entire market... Ethereum is testing support - trigger 3822.5. After a sharp drop, there is no rebound, which indicates buyer weakness. Consolidation is forming near support, which only reinforces the pre-breakdown potential. Resistance levels: 3963, 4030, 4090 Support levels: 3822, 3660, 3366 The classic implementation of the “liquidity hunt” scenario led to a rally to resistance, and a false breakout at 4090 led to heavy selling. As part of the current consolidation, the market is reducing volatility ahead of support, which only increases the chances of a breakdown. A close below 3822 could trigger a further decline. Key liquidity zones are 3658 - 3366. Best regards, R. Linda!
Short
by RLinda
7
AUDUSD Descending triangle breakout bullish move 📉 AUD/USD Technical Setup (1H Timeframe) The pair has broken out of a descending triangle pattern 🔺 showing strong bullish momentum from the 0.6490 level 💪 🎯 Upside Targets: 1️⃣ 0.6520 2️⃣ 0.6570 3️⃣ 0.6600 Momentum remains bulls-in-control as long as price holds above 0.6490 support zone ⚡ 💡 Watching for continuation moves toward upper resistance levels if buying pressure sustains. #AUDUSD #Forex #PriceAction #TechnicalAnalysis #TradingSetup 💹
Long
by ExpertTraderASK
EURUSD → Bearish distribution to 1.1400FX:EURUSD continues its downward trend. The market structure is bearish (locally), and a breakdown of the nearest support level could intensify the sell-off, leading to new lows The dollar is rising, and the currency pair is changing its medium-term direction after breaking out of consolidation. The structure is weak, and the decline may continue to 1.14. The focus is on the current consolidation, which is forming against the backdrop of a downtrend. Consolidation below 1.1588 and a close below 1.1557 will confirm the strength of the sellers and, in turn, may trigger a decline to the liquidity zone of 1.146 - 1.1400 Resistance levels: 1.1588, 1.1630 Support levels: 1.1557, 1.1461 On D1, the market confirmed the trend reversal, with a bearish distribution forming locally. The liquidity zone that may be of interest to the market is below 1.140, so a medium-term move in this direction can be considered if the price closes below 1.1557 Best regards, R. Linda!
Short
by RLinda
5
XLMUSDT → End of correction. One step away from a rally BINANCE:XLMUSDT follows the flagship currency in forming a rally and breaking out of the correction. The trend is bullish, but news is ahead. Will the bulls be able to keep the price above the risk zone? Bitcoin's growth is provoking a rally in altcoins. The price of XLM is breaking through the resistance of the downtrend and trying to consolidate in the bullish zone. Stellar is breaking through the resistance of the correction and entering a new trading range of 0.3847 - 0.4142, respectively, after the rally, a correction is forming. The market may test support and the liquidity zone before rising. Resistance levels: 0.4142, 0.4288, 0.433 Support levels: 0.3847, 0.3806 As part of the correction, I expect a retest of the 1/2 zone of the formed impulse or the support zone of 0.385 (previously broken consolidation and descending wedge border). If the bulls keep the price from falling even after the news, the coin may continue its medium-term bullish run to 0.4685. Best regards, R. Linda!
Long
by RLinda
6
NZDJPY → Consolidation amid a downtrend. What next?FX:NZDJPY is ending its correction and returning to the downward trend. The price is consolidating for a possible continuation of the downward movement... The price breaks the support of the upward channel (countertrend correction). The movement occurs in a “step” format, which generally indicates weak demand. Clear consolidation boundaries are forming on the chart. The global trend is downward, and the local trend has also resumed its downward movement. Focus on two zones: 86.5 - 86.96. Within the framework of trading strategies, a false breakout of resistance or a breakout of support can be considered with the aim of continuing the decline. Resistance levels: 86.96, 87.16 Support levels: 86.5 As part of consolidation, MM may form a liquidity trap on the resistance side, and a false breakout may trigger a further decline. However, if the bears increase pressure, the formation of a pre-breakdown base relative to the 86.5 support may trigger a breakout and a continuation of the downward movement. Best regards, R. Linda!
Short
by RLinda
6
XRPUSD → Will the rate meeting be a bullish driver for altcoins?BINANCE:XRPUSDT.P is consolidating above the previously broken boundary of the descending triangle formed within the bullish trend. Important news is ahead—the Fed's meeting on interest rates, which is highly likely to become a bullish driver for the cryptocurrency market. The daily structure of the XRP market looks promising. The price is not updating global lows, is staying within the boundaries of the uptrend, and at the same time is breaking through the resistance of the downward correction, trying to consolidate above the fairly strong support level of 2.9535. But the market is waiting for a driver, namely fundamental background. If this background strengthens after Powell's speech, Bitcoin and altcoins may strengthen, including XRP. However, the fundamental background largely depends on the overall mood of the Fed and its comments. The market has already priced in an interest rate cut, as this is predictable given the economic data. But traders will be watching Powell's tone and how dovish or hawkish his view of the situation is. Support levels: 2.9535, 2.8853 Resistance levels: 3.0577, 3.155, 3.359 Technically, at the moment, I am considering a scenario of a retest of support and the formation of a long squeeze at 2.9535 - 2.8853 against the backdrop of increased news volatility (manipulative nature). However, if this does not happen, the focus will be on 3.0577, and a close above this level could trigger further growth. Best regards, R. Linda!
Long
by RLinda
6
HBARUSDT → Correction before the rally...After strong growth from the 0.14 zone, BINANCE:HBARUSDT HBAR updated its maximum to 0.30 and entered a correction phase, testing the intermediate and strong support level of 0.2300. A false breakdown has formed, and price consolidation above the key zone could trigger another rally. HBAR currently has two key levels: 0.243 and 0.2337. The bulls are trying to keep the correction at the upper support level. However, there is a huge pool of liquidity hidden behind 0.2337, which could be tested (before growth resumes) if 0.243 fails to hold the price. Locally, the coin is breaking the structure of the downward correction (consolidation in a bull market) and is trying to consolidate above support (in the zone of interest). The end of the current correction phase may lead to a resumption of distribution. Support levels: 0.2432, 0.2337 Resistance levels: 0.2547, 0.26, 0.2763 The formation of a bullish structure relative to 0.2432 will confirm the presence of an interested, large buyer. This could trigger strong growth. Otherwise, I will wait for a retest of 0.2337, from where I will look for an opportunity to open long positions with the aim of medium-term growth. Best regards, R. Linda!
Long
by RLinda
4
NZDJPY → A false breakout of resistance will trigger a declineFX:NZDJPY entered a correction phase after a sharp decline. The main trend is downward, with a countertrend movement aimed at consolidating potential before further decline. A countertrend correction is forming against the backdrop of the main downward trend. The current movement may be aimed at hunting for liquidity before continuing its movement. Focus on the resistance zone at 86.67 The currency pair is trading below key resistance within the global downtrend. As part of the correction, the price may test 86.67 - 87.10 before continuing the main trend. Resistance levels: 86.67, 86.97, 97.11 Support levels: 85.97, 85.6 If a false breakout of the key zone of interest forms during the correction without the possibility of continuing growth, we will receive confirmation that the market is ready to move down. Consolidation below the level may trigger a downward impulse. Best regards, R. Linda!
Short
by RLinda
5
AVAX/USDT – Major Breakout on the Daily Timeframe!AVAX has finally broken out from its long-term descending trendline, signaling the potential start of a powerful bullish move. Let’s break down the setup: 🔎 Chart Analysis: Pattern: Falling Wedge on the Daily timeframe. Breakout Zone: Price has successfully closed above the resistance trendline around $25–26. Support Zone: Strong accumulation support around $24–26 🎯 Trade Setup: Entry Zone: $24–26 (current breakout retest levels) Targets: TP1: $35 TP2: $48 TP3: $60+ Stop Loss: $21 (below wedge & accumulation box) 📊 Risk/Reward: R/R ratio: ~5:1 High conviction setup with breakout confirmation. ⚡ Key Takeaway: If AVAX holds above the breakout zone, it could deliver a 2x–3x run in this cycle. Watch closely for volume confirmation on daily candles to strengthen the breakout signal. 🔥 Conclusion: AVAX looks primed for a strong bullish rally after months of consolidation. Accumulation zones are done — breakout traders could be rewarded big here!
Long
by CoreCrypto1
LDOUSDT → Hunting for liquidity ahead of a declineBINANCE:LDOUSDT.P , having failed to reach the zone of interest 1.250 - 1.233, has entered a phase of local rally or manipulation before a possible decline aimed at consolidating potential before long-term growth. Bitcoin looks weak and, after a correction, may continue to fall to the coveted target of 112 - 110K. After a strong pump, LDO has been falling for two weeks in a dump phase. In the long term, the market may test 1/2 of the bullish momentum and the strong support level of 1.179 before resuming the pump to 1.62 - 1.97. Since the opening of the session, we have been observing manipulation, the goal of which is most likely the liquidity zone of 1.36 - 1.36. The situation may end with a liquidity grab, a false breakout, and a further decline with a subsequent update of the low. Resistance levels: 1.36, 1.37, 1.44 Support levels: 1.296, 1.2614, 1.2336 Technically, the price is still consolidating and intrarange trading is likely to continue. A false breakout of resistance could trigger a decline, in which case 1.26 - 1.23 could be considered a target, while a false break of 1.17 - 1.23 could trigger a global rise. Best regards, R. Linda!
Short
by RLinda
3
USDCAD → Short squeeze for further declineFX:USDCAD is forming another short squeeze relative to the global price range ahead of a possible decline within the global downtrend. After breaking through the resistance of the global trading range, USDCAD was unable to continue its upward momentum. The price returned to the range, under strong resistance, and is forming a pre-breakdown base for a possible decline. The trigger in our case is support at 1.3762. The dollar is stagnating, trading below strong resistance. A decline in the dollar could trigger a fall in USDCAD Support levels: 1.376, 1.3695, 1.3629 Resistance levels: 1.3774, 1.3809 The market structure is quite weak, both globally and locally. In addition, against the backdrop of an expected rate cut, the dollar may continue its downward global trend, which may also affect the price of the currency pair, which has formed a false breakout of resistance... Best regards, R. Linda!
Short
by RLinda
8
XRP → ATH retest. Reversal or continued growth?BINANCE:XRPUSDT.P is rallying and ready to test the resistance zone - ATH. Against this backdrop, Bitcoin is consolidating after a bull run. The liquidity pool may hold back growth. Fundamentally, there is excitement across the entire cryptocurrency market. Altcoins are rallying after Bitcoin hit a new high and entered consolidation. The BTC.D index is declining, which generally provides a good opportunity for altcoins to grow. However, the index is approaching technical support, which may affect market sentiment overall... As for XRP, there is a fairly strong liquidity pool ahead — the ATH resistance zone. The price is in a distribution phase after a change in character and a breakout of the downtrend resistance in the 2.33 zone. The momentum may exhaust its potential to break through the 3.35-3.34 zone, and growth may be halted for correction or reversal (in correlation with Bitcoin's dominance in the market). Resistance levels: 3.35-3.40 Support levels: 3.0, 2.64 A breakout of resistance without the possibility of further growth, a return of the price below the level (i.e., inside the global flat) will confirm the fact of a false breakout of resistance, which may trigger a correction or even a reversal. Best regards, R. Linda!
Long
by RLinda
8
ARTYUSDT → A breakout of resistance could trigger another rallyBYBIT:ARTYUSDT is forming a cascading bottom as part of consolidation before a possible breakout of resistance. The decline in Bitcoin's market dominance gives altcoins a chance. ( (Idea from September 29, 2024!) We previously discussed this coin before its 300% rally. The root causes of its emergence from accumulation and readiness for strong growth were correctly identified). The dump phase is coming to an end, a cascading market bottom is beginning to form, and a pre-breakout base relative to the triangle resistance is forming, which overall hints at a bullish behavior pattern. Bitcoin is currently consolidating after the rally, and the Bitcoin dominance index is declining, which generally indicates a flow of funds into altcoins. The situation is such that the altcoin market has another chance for the season. The correction across the entire market may end in the near future, and under favorable conditions (the fundamental background is strengthening, Trump has announced another important event for cryptocurrencies), the market may return to strong movements... The focus in ARTY is on the intermediate resistance at 0.1770 and the consolidation resistance at 0.2368. Consolidation above this range could trigger a rally. Resistance levels: 0.2368 Support levels: 0.1235 Technically, a few days ago, the coin tested the consolidation resistance, but the decline did not continue, which generally indicates that buyers are showing interest and holding the market. Consolidation in the near term may end with a retest of 0.1770, 0.2368, a breakout, and further growth. Best regards, R. Linda!
Long
by RLinda
3
BITCOIN → Consolidation and compression to 116K. Correction?BINANCE:BTCUSDT.P continues to consolidate, with the price testing support at 116K, leaving behind the zone of interest at 120K-121K. Are there any chances for further growth? (Alternative scenario (if growth to 120K does not occur)) Fundamentally, there is nothing particularly new, and the hype surrounding Bitcoin is stagnating. Technically, on D1, consolidation is underway with pressure from bears against the backdrop of an outflow of funds into altcoins. However, the dominance index is starting to rise, which could trigger some correction in the market. The price on the working timeframe, without updating local highs, is testing lows, and the latest retest of the liquidity zone is provoking a fairly aggressive reaction that could bring the price to retest the zone of interest at 120K-121K. But! If the price is squeezed between 116K and 0.5 Fib with a gradual squeeze towards support, the chances of a breakdown and a premature fall will increase. Support levels: 116370, 115860 Resistance levels: 119650, 120100 Technically, the market needs a breather or correction, which is generally a sign of health. The nuance with Bitcoin is that below 115860 there is no support until 112K, and if the market breaks the current consolidation boundary, the further correction could be quite deep. In the current situation, I do not yet see any drivers or reasons for another rally. Best regards, R. Linda!
Short
by RLinda
34
USDJPY → Hunting for liquidity before the fallFX:USDJPY is changing its local trend and succumbing to global pressure. The market is seeing a change in price movement following the decline in the dollar index... The trend has broken and the price movement has turned bearish. The fall in the dollar index is allowing the Japanese yen to strengthen, which is generally negative for the currency pair. The decline may continue after a slight correction. Fundamentally, the dollar is correcting amid uncertainty due to the tariff war, as well as expectations of interest rate cuts. Resistance levels: 147.20, 147.89 Support levels: 145.85, 145.23 As part of the correction, the price may test the liquidity zone of 147.7 or 0.7f. A false breakout and consolidation of the price in the selling zone may trigger a further decline in both the short and medium term. Best regards, R. Linda!
Short
by RLinda
10
$LTC READY FOR EXPLOSION! THE COMEBACK OF THE OG?Litecoin has quietly formed one of the most massive macro structures in the market — a multi-year falling wedge on the 2-week timeframe, now breaking out with early confirmation. This could be the start of a generational move, similar to the 2020 breakout. Let's break it down: 🧠 Technical Breakdown: ✅ Falling wedge forming since 2021 — 4 years of compression ✅ Volume and structure support breakout ✅ LTC already gave a 914% rally last time it broke a similar level 📏 Target zone extends above $900–$1000 🛒 Entry Zone: Current Price: $118 🟢 Buy on breakout or dips near $105–$110 for safer entries 🎯 Target Zones: TP1: $280 TP2: $400 TP3: $650 TP4: $950+ 🛑 Stop-loss: Breakdown below $72 (last higher low & wedge base) ⚖️ Risk-to-Reward: High timeframe structure = High conviction play. Potential R:R > 8x — Rare macro opportunities like this don’t come often. 🧩 Final Thoughts: LTC may not be the flashiest alt anymore, but this setup is technically undeniable. If BTC enters full bull cycle, LTC could ride the wave explosively. 🔥 This could be a "buy and forget" macro play for 6–12 months. 💬 Let me know your thoughts in the comments & hit that ❤️ if you like macro setups like these!
Long
by CoreCrypto1
NZDCHF → Pre-breakdown consolidation on a downtrendFX:NZDCHF is forming a pre-breakout consolidation amid a downtrend. Focus on support at 0.4759. Global and local trends are down... On July 10-11, the currency pair attempted to break out of the trend. In the chart, it looks like a resistance breakout, but technically it was a short squeeze aimed at accumulating liquidity before the fall. We can see that the price quickly returned back and the market is testing the low from which the trap formation began. The risk zone for the market is 0.4759 - 0.475. In simple terms, this is a bull trap against the backdrop of a downtrend. The NZD has passed through the risk zone. At this time, the currency pair is forming a pre-breakout consolidation relative to the support level of 0.4759 with the aim of continuing its decline. Support levels: 0.4759, 0.4753 Resistance levels: 0.477, 0.4782 A breakout of the 0.4759 level and consolidation in the sell zone could trigger a continuation of the decline within the main and local trends. Best regards, R. Linda!
Short
by RLinda
3