OG looks very promising on the daily/weekly chart!
As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern.
We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of...
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The price made its lowest low in mid March and since then has made a good bull run. Now $GDYN is making a good looking descending triangle, the...
What a good looking chart!
After a massive bull run, the price has formed a descending triangle. Normally, if an upward breakout does occur, another good bull run should follow. I'll be waiting for it to buy.
This one really looks like a true leader to me. Impressive relative strength, that is best indicator in a bear market.
We have a huge falling wedge on the daily chart, and the price is currently breaking out!
As per my Elliott Wave analysis, an ABC correction (ZiagZag 5-3-5) has been completed on the macro scale.
We had a massive uptrend in 2020–2021 and also made a double top (2018, 2021), so this coin is definitely stronger than others.
The first profit target is at a...
EURUSD successfully maintained the 1.0 USD level.This is a significant psychological level!
As per my Elliott Wave analysis, this huge downtrend should be over, and now I expect a corrective move to the upside.
An impulse Elliott Wave has been successfully completed. Let's see how big this correction is going to be.
On the daily chart, we can spot a beautiful...
Recession fears are hitting oil prices pretty hard. This is how far I think it may go.
Currently $WTI is making a descending triangle. This pattern is generally bearish because bulls have to hold a level of support while struggling to make higher highs. It's also currently struggling to hold above its 200 day line.
If $WTI breaks lower, below $92.91, it will...
Hi everyone,
Yesterday, I released a post where I was discussing how BINANCE:DOTUSDT lost its micro support and broke the pattern it was forming to the downside. That breakout triggered a lot of stops below the flag.
However, it is regaining its momentum by slowly decreasing the size of its red candles. We can also confirm that it found its new support...
Pair: GBPCHF
Timeframe: 2H
Analysis: Round number level, trend line, volume profile, resistance break, descending triangle
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Key Takeaway: Seen good bearish momentum when price hits key area
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Level needed: already entered
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Trade: Short
RISK:REWARD 1:3
SL: -30
TP: +90
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
$TSUKA has had a great run!
I reckon once it hits support the bounce will be huge. A lot of interest in this coin! Descending triangle, drop to support, then bounce hard.
⚡️ #BTC OUTLOOK - 23/07⚡️
A few things confirmed overnight and some key things to watch out for.
We have held a pretty key support - in doing so confirmed the formation of a bullish descending triangle - quite a positive thing tbh. We have pretty clear zones now between 21.7k and 22.5k to define it turning bearish.
The positives are that the CME gap is at...
On the daily chart we can see a massive falling wedge - bullish reversal pattern!
Also we have a second local blue falling wedge, so the probability of a successful trade is higher.
If we take a look at the RSI indicator we can spot a bullish divergence with higher lows, definitely another positive sign.
Regarding my analysis of Elliott waves, the major...
The 14-month long consolidation is over, it was truly an endless price action, but nothing last forever.
ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend.
According to my analysis of Elliott waves, we are now in the 3rd wave and this can be huge!
Bitcoin Lightning network is still not...
hey guys ,
just found a good stock to talk about ,
HDFC BANK was moving in a great downtrend .
This stock was following a pattern called
DESCENDING TRIANGLE 📐 PATTERN
previously also ,
this stock has tried to cross his resistance
and to break hi pattern,
but it FAILED
and it resulted to BULL TRAP for TRADERS
but now this stock has again broke his...
Rumors says the Twitter-Elon Musk deal is falling through. It should be a straightforward trade if it does. The stock has been trading in an undeniable descending triangle pattern. I have used previous supports as possible targets and outlined a stop loss above the most recent swing high. Lets do this!
