COIN recently made a new 52 week low! A descending triangle pattern was identified on the daily chart. Price broke below the lower trendline of the pattern. Also, a falling wedge pattern was identified on the one hour chart. COIN traded in a tight range Friday and closed in the supply zone . MrALtrades00
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this BNB update. As you know recently we have seen many FUD against Binance. No one knows whether these fud are true or not but we trying to understand the situation by reading the chart. BNB is currently trading around the $245 level. It is trading inside a...
ADA is going to breakdown descend triangle and floor channel at same time. I think that after break and retest we can open our short position.
The price of ETH is moving into brutal resistance, and the bears are waiting patiently to shutdown ETH to lower levels! It's going to be very extreme because the resistance is huge! I will tell you why in this analysis. It's the previous structure's POC + 0.618 FIB + the previous trendline's breakout level + the start of the GAP. As per my Elliott Wave...
Hello Birdies, After a very long a very clean structure and chart. BTC just broke out of Bearish Descending Triangle and is retesting the base as resistance. The range of short can be between 17500-17960 But if the driver of the coin decided to rekt peoples short price can jump to 18,600 As usual: Greens are point of Long Reds are point of Short
This could have a nice gain if it breaks. If it respects the pattern, could be a nice entry for massive profits.
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this Bitcoin Dominance update. BTC Dominance is inversely correlated with Alts. When dominance pumps, Alts dump, and when dominance dump, Alts pump. According to the weekly chart of BTC Dom, it is forming a descending triangle here and currently trading near the...
Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade! Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid. Unfortunately, the chart is printing a descending...
Disney DIS Short - Descending Triangle/Head and Shoulders Disney preparing to break down from a descending triangle . Expecting low $80s price range. Longer term there's a clear Head and Shoulders pattern that would break down if the descending triangle also breaks
BTC forming bear flag and USDT. D forming bull flag
With Canada beginning to ease off on interest rate hikes, we may start to see the Canadian dollar begin to add strength, with us approaching the 5-month lows for the CAD/JPY at 99.49 this may be the last chance to jump on the bearish bandwagon before we see a potential rebound. We do however still have a way to go if we were to possibly re-test the 98.00 level...
This is a very bearish 3-wave corrective pattern (WXY) double ZigZag. This pattern is now confirmed, and ETH could drop significantly! It's not looking good for ETH at all. The bear market is strong, and ETH can potentially reach levels below 1000 USD. The most important yellow trendline has been destroyed by the bulls, and the bears are back in full force! I...
Dabur made descending triangle & broke out of it on hourly charts with decent volumes. Could be bought with mentioned stoploss & targets
Bitcoin is still very bearish because the current price is below the main trendline and below the swing low from June 2022. I am not buying bitcoin at this moment because I feel like it is too risky to catch the bottom like this. But if Bitcoin breaks above 21,480 USD, then I will do more research about the stock market and gold , and I may open an investment...
CAD/SGD - The price dropped below the lower boundary of the descending triangle. The target is around 1.00
We are amid a double-bottom rebound in the short-term timeframe, which looks like a triple-bottom pattern that reminds us of the inverse head and shoulders. Nevertheless, the chart is moving slowly. Why is this? At least the arc answers. We are in the middle of a compression. Where does the compressed energy go? Let's look to the left here. Even conservatively,...
I won't be surprised if this pattern plays out something like that descending triangle possibly forming here, the dip of which could fuel the next pump