There are 2 options for this pair, either the price breaks out the resistance level (red) and moves up to the second resistance level (blue) and bounces back down towards the major support (black). Or the price breaks out the support level (black) and moves to new multi-month lows. It looks more likely to break out the support level and move lower, I think over...
The price of ripple seems to be extremely squeezed and quiet lately, this comes as the price approaches the end of this descending triangle, it is very likely that we would see a burst of volatility soon, the price seems to have been very quiet not moving much over the last couple of weeks. This shows that the hype around cryptocurrencies have cooled down leaving...
It looks as if a descending triangle has formed at the top of a significant bullish push, this is very likely to be a major signal for a reversal. Usually the price would break out the support level of a descending wedge and is likely to show significant bearish moves. If the price breaks out the bottom we could see the price of this pair move down to as low as...
This long term support level (red) seems to have acted as a level of resistance as bitcoin tried to gain momentum and move higher in price. The resistance level managed to hold bitcoins biggest push over the past couple of months. The prices seems to have bounced off the resistance level and moved back below the resistance level of the descending triangle, this is...
A Descending Triangle Pattern in formation in the pair EURO/USD, if the pattern is correct we should expect the short to give a profit similar to the base of the triangle. This is a continuation pattern.
Important : The overall price movement is still bullish, so we must wait for the proper confirmation of the breakdown of the triangle. We can long the script if it breaks above and possibly wait for a pullback.
G'Day Cobbers
Just a quick post to give some hopium, check the chart it says it all. remember this is on a huge timescale and is not t be trader against unless you are looking to buy and hold. This is just a forecast on where it could go based on classical charting rules. It will not go in a straight line but it should develop on the time frame much like the last...
The price of Bitcoin formed tweezer tops (reversal pattern) 3 days ago, and after the FUD news in regards to ETF denial of the Winkle twins, we saw further consolidation down to the 7130 price point.
There are two channel that contain the price currently. A larger ascending channel that the price is still within, and a potential downward channel.
However, I...
The bearish downtrend we have been having since the $19k high mid December 2017. Since then we have created two descending triangle formations.
1.) The first is the top blue dashed line with the purple dashed line which is the full segment of the bear market.
2.) The second is the Red solid line with the purple dashed line which engulfs a more stable descending...
As you guys can tell, I have been extremely excited lately, and watching bitcoin in good health and strength is really satisfying. Although you can make money at greater speed shorting, there is nothing that satisfies the spirit as a strong bull market. This is the last and the final battle for bitcoins longer term future right here, and its exciting.
IF you have...
BINANCE:MFTBTC is one of the most traded cryptocurrency , Now
price of this coin is almost at bottom.
Chart looks good for breakout.
Price almost breaks the downtrendline, but needs confirmation by closing candle above the downtrend line.
Technically,
MACD Crossover
RSI Oversoldzone with Bullish divergence.
The price of ripple has tested the support level two times now over the last couple of weeks, the support level has managed to hold up and not break. The price is starting to become very narrow as the price is getting closer and closer to breaking out. The price looks like it is being squeezed at the moment as is soon going to gain momentum and volatility as it...
Depending on the trajectory chosen to draw your trendlines the price can be said to be forming a falling wedge within a descending channel.
Due to the selling pressure indicated at the top of the daily candle, and the downward action on the Stochastic RSI is indicative that the price will continue to slide down the channel closer to past support near the .236...
Top down analysis. Previous Weekly Candle Bearish Engulfer with continuation short this week. Rejected off top trend line of the daily bear flag pattern and price locked itself into 4 hour descending triangle and broke the support. 1hr chart shows clear retest and reject of that support showing price may well indeed target 1.3 quarter and continue...
Bitcoin is forming a descending triangle, which could indicate reversal of the uptrend for a temporary drop. This could be forming a right shoulder of reverse head and shoulders pattern. The previous support level at 6200 - 6300 doesn't have to be necessarily held, it could drop as low as the left shoulder did. What do you guys think?
PS: note that both patters...
Looking on the 4H here, it seems as though we have a descending triangle here that could play out. I can see this triangle touching the bottom support, failing to bounce off of it and instead breaking lower, as descending triangles usually do.
Another thing to pay attention to is the 4H RSI, which is currently in a downward channel. It has recently touched the...
![BTCUSD: Combination of Flags [Inverse H&S, Wedges, Desc Triangle]](https://s3.tradingview.com/7/7lcMJOkq_mid.png "Combination of Flags [Inverse H&S, Wedges, Desc Triangle]")
