The technical figure Descending Triangle can be found in the Swiss company Sonova Holding AG (SOON.vx) at daily chart. Sonova Holding AG is an internationally active Swiss company headquartered in Stäfa that specializes in hearing care (hearing instruments, cochlear implants, wireless communication). It is one of the largest providers in the sector worldwide. The...
Very large descending wedge. Watching to see if we rebound here. If 2 candles close below lower wedge line, that gives us confirmation we go lower. Yellow lines are very heavy resistance lines which makes it harder to break upward.
$Sol broke $35.5 yesterday and is heading down to the next support at $24.4.
That's the first level you need to watch for longs.
I’m expecting the rock bottom at below $20.
Weekend’s moves usually are misleading, so it’s better to wait for a confirmation before place any order.
Traders,
Quick Update: First, sorry I forgot to zoom in, but you'll get the idea. I just wanted to point out quickly a few things that I missed in yesterday's video.
-Stew
Guys,
I took the time to put out a special update this morning because of this! Please pay attention to what our charts are showing. I am not attempting to persuade you to any particular bias or sentiment. I simply want you to be aware of what I am seeing on the charts so that your can trade accordingly. Let's take a peek.
- Stew
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL M.CAP update.
Total market cap is at crucial level now. It is forming a descending triangle pattern. Currently, it is at the lower trendline of the triangle. Previously, we saw a good bounce from this same level. So we can expect a bounce soon in the...
Traders,
I am taking my time in this video. We'll do some analysis firstly, as always. And then I'll show you the predominant pattern I am looking to spot on the altcoin charts. I'll show you how to spot it and draw it so that you can do this yourself on your charts and catch those breakouts.
-Stew
P.S.-Since this was my first stream I made it private, thinking...
Evening traders. As you can see we have which looks like a descending triangle pattern on the hourly chart. We have multiple touches on the resistance line and currently moving downwards back to support.
We have also had multiple touches and breaks below the 0.382 fibonacci line.
What does this all mean? Well if we can get a close below 0.382 and stay below that...
$GMT is about to breakout.
There are 3 crucial S/R levels to watch.
If $0.87 breaks, may face a 42% fall as the next crucial support is at $0.44.
A bullish short-term sign will be if GMT breaks bearish trendline and flip $1.27 resistance.
I don’t recommend buying STEPN, it’s better to earn it via its app!
Mina chart is forming a descending triangle (bearish pattern), nonetheless don´t means that the price is going down. On the contrary can easly break up. Even more RSI is making lower highs and higher highs while price is making the same lows (bullish divergence), meaning we are getting momentum. We also can argue that this chart is forming a inverted Head &...
SAND BINANCE:SANDUSDT is forming a Descenidng Triangle pattern....
I know that in Technical terms, it is mostly regarded as a sign of bearish pattern.... But sometimes it can be powerfully Bullish too!!
I think it might fool sellers when it make a pullback near Demand zone and might continue back to the 1st Target area...
If you can relate.... then please like...
GMT price is forming a decending triangle on my H4 TF, I have a 🐻 bearish bias on this analysis, we wait for breakout on the triangle and a possible retest. Check comments for inner analysis on why I'm bearish
Price action around 1867.64, which represents 38.20% Fibo from the decline that began on April 18th, is bearish.
Price formed a descending triangle and broke below levels of support 1840, indicating that the decline will continue.
However, due to weak momentum on shorter timeframes, we may see a pullback to test 1840 as resistance levels (where we could short)...
Price has successfully retest the bearish order block of bot head and shoulder and descending triangle.
As soon as BTC start falling its a go. Wait for a bearish PA.
Just an idea labelling my view and what I see, I tried to keep it unbiased as possible. I identified some local, minor, major, long term trend lines & support & resistance zones.
From those lines drawn up I noticed a descending triangle forming with the LTDT and the Major Support, also, the RSI has equalized from the most recent pullback, and has room for...
Hi fellow traders,
There is a descending triangle formation on Bitcoin, this gives a good indication that we might be looking at a breakdown in the upcoming 2 months.
Support on higher timeframes seem to pick up around 25K, we could look at a free fall from 28K - 25K.
Happy trading ^^
FTX:BTCPERP
* I last spoke about $BTC as it was about to break down from the bearish flag back in late April.
* It has since been on track to reach the bear flags measured objective.
* Right now $BTC is carving out a bearish descending triangle which indicates further downside.
* The measured objective for the descending triangle is around $17.5k; which lines up with the area...
