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!
XRP can finally make an uptrend, we have a local descending channel on the daily chart, which is very close to a breakout! As per my Elliott wave analysis, the ABC correction can be completed, so we there is a great chance for an uptrend. On the RSI indicator we can spot a bullish divergence with higher lows. We haven't retested the massive yellow...
As I had mentioned earlier, this market is trading within a descending triangle and I was waiting for the daily close to decide if I was going to enter or not. Well, today's candle close was a long-tailed doji rejecting support. I am now long and looking for a potential move up to triangle resistance (about 120.000). Other important levels are 105.000 and 115.000.
Spotted a descending triangle on the day chart of the EURUSD. Expecting a breakout to 1.11817 (5891 pips from 1.05866)
ADA is approaching the end of a descending triangle that has been forming since May. I opened a short trade with a target of 0.3874. Stop loss will be set at the 50 day moving average. Long term bullish for ADA!
EURCAD broke Daily support and retested, showing some strenght to the downside, im gonna short from here.
EurJpy: On the left side (4hr chart), you are able to see a support level that was hit multiple times. This support line is an attractive spot for all traders that analyze the chart. This level can either hold and push the price up or break and push the price down. On the 15-minute chart, you are able to see a descending triangle forming. Wait for the triangle to...
- As per my Elliott wave technical analysis on the weekly chart - we can expect a retracement (ABC) in the immidiate short term. - But in the long term bitcoin dominance should go down and make a new lows. - We have a descending triangle , which is a bearish pattern (on the weekly chart). - If you are an Elliott wave trader, please submit your analysis below,...
Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 XEMUSDT- Daily Time Frame - Heikin Shi 📌 Support zone - Descending trend line - double bottom 📍 xem or nem project is looking a little bit more bullish than other crypto currency pairs, although it has seen a slight 90% price drop since its ATH, I think it is the time to invest carefully in this...
Microsoft Short Term - We look to Sell at 260.71 (stop at 269.78) The primary trend remains bearish. A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 238.72 and 230.00 Resistance: 267.00 /...
The LTCBCH pair has been showing signs of bullishness for many months now and in that time LTC has rallied while BCH has gone down and stood still now we see here BCH is breaking down a descending triangle while LTC is still trading near the highs of the rally. I expect that we may see BCH meet Litecoin halfway and come down near the $30-$65 price range as LTC...
Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside? Or will continuing macro woes make the TA analysis null and void. Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average. Time to wait and see.
Nike Short Term - We look to Sell at 110.32 (stop at 118.64) The company built caution into 2023 guidance on fears of more China Covid lockdowns. Trades with a bearish descending triangle formation. The bias is to break to the downside. We look to sell rallies. The measured move target is 83.50. Our profit targets will be 83.50 and 75.00 Resistance:...
the USDCAD price reached a daily resistance level and is in descending triangle pattern . the key level has broken 🔥 i'm waiting for a retest (sell confirmation) i predict a bearish move 📉 TARGET: 1.25587 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Beautiful descending triangle pattern. For the downside scenario, price must break below 69 which has been strong. Below that we might see an acceleration to the downside towards 64 A break above 71.54 could have price moving towards 74 Keep both directions in play
BTC drops down to around $19,000 after a bearish continuation pattern forms a descending triangle. Date is 06/18/22
If we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support. This is possible from fundamental analysis 1. more rate hikes for about three quarters 2. stock market has not bottomed out, there is support coming in, though 3. borrow protocols like celsius and 3ac who needs to be liquidated 4. 4 year cycle...