Showing in the 1Month charts
Jan 15th 2018 - Present the building of an
Adam and Eve pattern and we are at the bottom or near
before the back half of the pattern.
Showing on the 1W charts
May 7th 2018 - present the building of a large
descending triangle. We are nearing the apex of it.
Time for it to break out or break down.
Things which support a break...
Hi fellow traders!
On the 1D chart for XRP, a new descending bearish triangle has been forming since we last saw the rally of all cryptocurrencies from a few weeks ago.
The market 'hype' for cryptocurrencies to suddenly just rise has begun to die down. Now, we are seeing all cryptos falling in price from its highs a week or two ago.
I do this XRPUSD has the...
Buyzone: 25-23 sats
Huge Descending wedge forming, reaching APEX - confluence with FIB Golden pocket (0.618 retracement level)
Keep an eye on RSI for breakout of the descending trendline. It should be your leading indicator before price explodes
what i see in xrp is, that is about to finish wave 2 in a bullish trend on the ( daily-weekly).
and it has formed a BIG descending triangle, if this scenario plays out perfectly, we will get a last touch on the 7 months old support. if that plays out. i´m pretty sure we will be looking at prices around 0.35-0.50 in ending off may. (maybye april) if you pair the...
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)
We have a triple top (at the above green zone)...
Besides having a head & shoulders pattern, gold is also trading within a descending triangle pattern on the daily chart. A breakdown under the flat lower line will lead to more downside ahead. Or a breakout above the descending upper trend line will see price moving up to test recent high at 1345. So we do not rule out any possibilities here. However, it is very...
I showed you recently how to trade the breakout bullets of Falling Wedges on XLM,
which has chained several in 2018 and 2019: see related idea below.
To better identify these Falling Wedge produced over a long time, we must go to logarithmic scale.
So, on my present tracing, you can see that of XRP in 2018 (including a smaller internal Falling Wedge in white...
The descending triangle pattern is a continuation chart pattern that develops in the middle of a downtrend. However, in some instances this can play as a descending triangle reversal, also known as the bullish descending triangle pattern.
Note: The more a support level is tested the weaker it becomes.
Additionally, the breakout candle must also produce a close...
Good evening lads!
As promised in the recent analysis of LINK, I’m going to take a look at BTC, this time on the long term and the inverse fractal from late 2018. LINK is currently looking AMAZING, and you can find the analysis here:
When we lost the 6k level, we’ve...
As many of you know, I''m not a crypto trader so, I'm not up to date on what's happening on the fundamental side of things. But as a technical trader here's what I see on the price chart.
Over the past 10 months or so, price has created a pattern formation called a descending triangle. (For more on the psychology on this pattern see my Youtube video "Lessons I've...
Descending Triangle (orange lines)
Triple top (blue line) at fib 61.80%
Waiting for structure break to short my position
MA's cross and going downwards
TP1 1.29860 (lowest blue line) ...if structure breaks!
Hi fellow traders!
GBPUSD has currently been a very quite pair to trade over this week, with very little movements in the market.
After the last call regarding GBPUSD to the upside following the UK's extension for Brexit, at the EU summit, it was a shame to see very little momentum to the upside.
In terms of fundamentals, there has also not been much developments...
Hello Traders! This's My analysis about GOLD next move "The Descending Triangle pattern"
in H4 timeframe. as you can see in chart gold made lower peak and stop in trendline, just holding position.
"From Zero to Hero Trading Guide"
ENTRY: 178.18 (0.25 pivot) - Mech Short
TP1: 170.38 (close 40% and move stop-loss to 174.84)
TP2: 165.05 (close 30% and move stop-loss to 170.38)
TP3: 162.15 (close remaining 30%)
Why was this trade taken?
ETHUSD bounced off the 174.84 support 3 times, each time making a lower high, thus forming a descending triangle.
FOSL is currently in a Triangle Descending pattern.
Triangle Descending Pattern
Short Float - 36%!!!
Waiting for it to confirm trendline, and upon retracing will enter a short position through a hedged options strategy.