Descending Triangle

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timj timj PRO GNTUSD, D,
GNTUSD: GLMUSD - Descending triangle - watch out for false breakouts
57 0 1
GNTUSD, D
GLMUSD - Descending triangle - watch out for false breakouts

According to Thomas Bulkowski's analysis of descending triangles they often have false breakouts and usually breakout to the downside. While we are starting to see an indication to an upside breakout be careful of a swift pullback. Whichever way it breaks out, be committed with your trades.

BloomFisher BloomFisher EURNZD, 60, Short ,
EURNZD: EURNZD | Descending Triangle -  SELL IN ACTION!
12638 12 35
EURNZD, 60 Short
EURNZD | Descending Triangle - SELL IN ACTION!

Time to SELL EURNZD _____________________ let us know what you think by commenting down below make sure to give a Like if this analysis clear your thoughts!

redmonkeysrulez89 redmonkeysrulez89 BTGUSD, 240, Long ,
BTGUSD: BTGUSD $525? Elliot Wave Analysis
440 3 1
BTGUSD, 240 Long
BTGUSD $525? Elliot Wave Analysis

Bullish Indicators: -Strong support at 61.8% retracement level, bouncing off twice with it being higher RSI on the second test with 29 RSI first touch and 36 RSI second touch -Solid entry point on stochastics; it is about to break the 20 level -Trading at the bottom of RSI and stochastic support -Bullish MACD divergence on 1h candles Price Target 525 Stop Loss ...

NV_Trader NV_Trader PRO RIOT, 240, Long ,
RIOT: RIOT - Brokeout of descending triangle. RSI and MACD look good
119 1 1
RIOT, 240 Long
RIOT - Brokeout of descending triangle. RSI and MACD look good

RIOT has broken out of a descending triangle after consolidating for a few sessions. RSI has broken out of a downtrend as well. MACD crossover is bullish. Bitcoin prices providing a tailwind. PT $9

_damanjeet_ _damanjeet_ BTCUSD, 30, Short ,
BTCUSD: BTC - Descending Triangle - Downside tomorrow ?
105 3 4
BTCUSD, 30 Short
BTC - Descending Triangle - Downside tomorrow ?

COINBASE:BTCUSD BTC seems to be caught in a funny position and forming a classic descending triangle. Expect a downward breakout by tomorrow (next 18 hours). There could be serious correction. Also there is a pattern of hogh volume on sell in the preceding days, followed by buy hence could find support at $14,500 levels.

watat83 watat83 POWRBTC, 60,
POWRBTC: POWR/BTC: Getting Ready For New High? Above (B)?
458 0 5
POWRBTC, 60
POWR/BTC: Getting Ready For New High? Above (B)?

Are we due for a new high since the beginning of December for POWRBTC? There are clear signals that suggest just that. We are reaching the end of a descending triangle pattern and the downward trend (DT#2) looks much tolerant that the previous one (DT#1). Let the market choose where it wants to head!

AndriyMoraru AndriyMoraru PRO GBPCAD, W, Short ,
GBPCAD: Descending Triangle on GBP/CAD @ W1
202 0 4
GBPCAD, W Short
Descending Triangle on GBP/CAD @ W1

The descending triangle pattern on this weekly chart of GBP/CAD confirms pound's weakness and can be used for a breakout trade. The triangle's borders are marked with the yellow lines. My potential entry is located at the cyan line. My potential take-profit level is at the green line. I use the high of the breakout bar as my stop-loss level (not shown on the chart).

watat83 watat83 MANABTC, 120,
MANABTC: MANA/BTC: Ascending Or Descending Triangle?
29 0 0
MANABTC, 120
MANA/BTC: Ascending Or Descending Triangle?

MANABTC is showing signs of a bullish trend. Price will breakout of the Triangle soon and we will get an idea of where it's heading. The fact that the Moving Average MA is moving in parallel to the Green uptrend line is a clear indication that something is about to happen. RSI is also signaling an uptrend movement. Let the market does its magic! Target Profit ...

watat83 watat83 ETHUSD, 120,
ETHUSD: ETHUSD: Downtrend Triangle (Market Consolid) Before Uptrend 500?
78 0 1
ETHUSD, 120
ETHUSD: Downtrend Triangle (Market Consolid) Before Uptrend 500?

BITTREX:ETHUSD is most definitely trending downward. The bearish signal, given by the descending triangle, suggests just that. This should be regarded as a market consolidation given the recent hype around the historic 10k mark achieved by COINBASE:BTCUSD that drove the entire crypto world nuts, including ETH. But this was expected. The descending triangle is ...

Cryptocurrency_Fund Cryptocurrency_Fund CVCBTC, 240,
CVCBTC: CVC/BTC 11/27/2017
160 0 0
CVCBTC, 240
CVC/BTC 11/27/2017

After the huge pump in price at the beginning of August, CVC has been in the process of having a series of correction waves. This was very much expected after such a price jump. following these correction waves, the end of the last correction wave C has formed a descending triangle. This more likely than not indicates the breakout of this triangle will be bearish. ...

watat83 watat83 QRLUSD, 120,
QRLUSD: QRLUSD: Upward
65 0 0
QRLUSD, 120
QRLUSD: Upward

Let's see how this plays out in the next couple hours. QRLUSD is on the downtrend. The descending triangle, as seen on the chart, gives us a bearish signal, suggesting that the price will trend downward upon completion of the pattern. The descending triangle is constructed with a flat support line @ $1.07 and a downward-sloping resistance line (See the descending ...

BarclayJames BarclayJames POWRBTC, 60,
POWRBTC: Looks like descending triangle to me
216 2 6
POWRBTC, 60
Looks like descending triangle to me

bearish reversal?

zorino zorino ZECETH, D, Long ,
ZECETH: ZECETH
66 0 0
ZECETH, D Long
ZECETH

Soon we will bounce up from the support level of the descending triangle. Target is 0.9 ETH per 1 ZEC

KammyCrypto KammyCrypto PRO OMGBTC, D, Long ,
OMGBTC: Descending Wedge on OmiseGo
223 0 4
OMGBTC, D Long
Descending Wedge on OmiseGo

This looks like a very interesting descending wedge. OmiseGo hasn't had any real action in a while. It's still quite a big coin, so they may be waiting for a large announcement. All it needs is a catalyst to skyrocket.

Xyden Xyden GBPUSD, D,
GBPUSD: Descending Triangle
103 0 5
GBPUSD, D
Descending Triangle

This descending triangle drawn on the Daily Chart could break to the upside and in this case 1.33200 is the first target & 1.35000 is the next one if the trend remains bullish. Or it could bounce on the trendline and go back to the 1.30000 area, retest the 1.30400 level before going even lower. I would wait to see how it goes after the market reopen before ...

hzs hzs GBPCAD, 240, Short ,
GBPCAD: Looking to Short GBPCAD Descending Triangle
50 0 4
GBPCAD, 240 Short
Looking to Short GBPCAD Descending Triangle

Pound on defensive due to political turmoil. However, it is pretty flat across against its peers. Market has not fully price in for the political risk. However I am still bearish on pound. If price break below the support level I will look for short. Reward to risk for this analysis is 5 : 1 Nevertheless, there is a chance of reversing upwards too. If market ...

hzs hzs GBPCAD, 240, Short ,
GBPCAD: Looking For Short Opportunity on Descending Triangle
43 0 3
GBPCAD, 240 Short
Looking For Short Opportunity on Descending Triangle

Pound on defensive due to political turmoil. However, it is pretty flat across against its peers. Market has not fully price in for the political risk. However I am still bearish on pound. If price break below the support level I will look for short. Reward to risk for this analysis is 5 : 1 Nevertheless, there is a chance of reversing upwards too. If market ...

DeusLux DeusLux AUDUSD, 240,
AUDUSD: AUD/USD Descending Triangle
17 0 2
AUDUSD, 240
AUD/USD Descending Triangle

Price consolidated after a strong bearish move. Possibly a continuation. orders prepared. remaining unbiased.

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