Hi All,
Still no breakout on NEOUSD Symmetrical Triangle because of the volume still declining. Lets see if we can spot anything.
1. The pattern is now change to Descending Wedge. Previous breakout downside on Symmetrical Triangle is not counted due to lack of follwing sell volume and bounced back. this resulting Descending Triangle to form.
2. Just like other...
Hi All,
Here is my simple explanation for this TA.
1. Descending Triangle (Breakout). We are in the breakout area of the descending triangle. you can see spike in volume at the breakout after the declining in the volume from the beginning of the pattern is formed.
2. MACD Bearish Divergent. To spot this pattern, you require to check on the blue oscillator which...
Welcome traders! Today we're seeing the SPY go in for a retest of the upper part of the descending triangle once more. The key level to watch today is between 266.23 - 264.83, depending on how the chart reacts to this area it can give us an idea of what to expect for tomorrow and the upcoming week. Seeing a break through and maybe a bounce could signify some...
Gartley 222 on Daily Chart - plan to ride into a reversal @ Cypher completion at 0.8 even handle. Wedge forming into the Gartley completion is icing on the cake.
G'Day Cobbers,
Choppy waters indeed, it is hard to get a handle on BTC currently, as of yesterday I was bullish with the breaking of the small falling wedge but the 200ema stood above like a brick wall and denied any move above 8200 and the eventual break out of the large triangle. Overnight BTC kept ranging and we continued moving side ways into what now...
#ETC started this week very Bullish and followed a perfect Elliott Wave to rise 23% over two days. After that #ETC moved into a correction that has now become a very Bearish Descending Triangle and have retracted 12% in the last three days. Bear Trends typically break downwards and with the trend on weekends for Altcoin prices to fall we can expect either a flat...
BITCOIN BITFINEX:BTCUSD UNDER BIG SQUEEZE - VERY IMPORTANT LEVEL TO WATCH
DESCENDING TRIANGLE + FIBONACCI + TRENDLINE - RARE EVENT - WATCH OUT & DON'T BE CHOPPED!
NXT eventually broke through the Resistance in an upwards direction after following a very long descending wedge pattern. The Gann Fan is now used to confirm this breakout. NXT passed the first test by crossing the 1/1 line. The next test is to see if NXT crosses the 2/1 line. At that point the breakout will be confirmed and you can decide what investment, if any,...
Hello All,
This is my first ever publication on TV! Please use the following for educational purposes only.
Looking at the BTCUSD 4h Chart we can see that Bitcoin has formed and as I'm writing this, broken out of a Descending Wedge pattern. There was a bearish channel formed from the high on 12-17 and the lower high on 1-6, we broke out of that channel on...
It's hard to tell at the moment if the wave 4 correction has finished or not, but it appears to have completed a complex horizontal wave correction (descending triangle), reaching around the .382 fib retracement level, whereas the wave 2 correction has reached the .618 fib retracement level as a simpler ABC correction (which both works out according to the...
EURJPY approaches a multi-day support level in a steady trend, creating a descending triangle. An opportunity to go long on rejection or to go short on a breakout.
Seems like so many alts are ready to takeoff today, another one that I've been watching for a while now, $EMC2 has just broken out of a descending triangle, it was only a matter of time, it also has some announcements coming this month. I've highlighted the major resistance points, and I'd suggest taking profits in the first 4 Fib zones, remember, before selling...
Synereo AMP Bitcoin 1 day candles
AMP successfully broke out of the short term falling wedge from my February 21st analysis and resuming its course towards the long term descending triangle ceiling, to test it for another break attempt. I have indicated the (Fibonacci) support and resistance zones for you to monitor.
You can use this chart analysis to assist...
NANO Bitcoin 1 hour candles (left chart) and 6 hour candles (right chart)
NANO sure loves pennant / flag / triangle / wedge patterns this week! After its 170k satoshi peak last week, this week NANOBTC has been trending in a wild variation of multi hour and multi day assortment of these trading patterns.
Bears and Bulls have been indecisive at times lately but...
Wings DAO / Bitcoin 1 day candles (left chart) and 2 hour candles (right chart)
Wings has been trending within a descending channel ever since it's June 2018 high at 38k satoshi. At the time of my February 23 analysis on Wings (which unfortunately was removed by TradingView because it had links to my social media...), it was moving within the purple lined ...
