copper short or longcopper is forming a descending triangle and ready for break out.
waiting for break out either down or up.
Descending Triangle
Truks are looking good, $ULHWhat 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.
Request REQ - Massive wedge is breaking out! + New bull 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 strong resistance (Wave B) + 0.618 FIB, but I think we can reach a new all-time high, maybe next year.
As you can see on the chart, the main trendline has been destroyed by the bulls and the price is printing an inverse head and shoulders pattern!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
EURUSD - The downtrend is over! New bull market + Elliott Wave
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 descending parallel channel, and I think the bulls can step in to destroy this pattern!
As you can see on the chart, we had 2 fakeouts during this downtrend and this indicated a corrective move. Usually, the third breakout is real!
The profit target is at 0.618 FIB + the start of wave 4.
Look at my ideas about Gold, Bitcoin and Ethereum in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Is $WTI having trouble keeping up? 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 also effect the Energy sector. Keep an eye on this and the levels I have drawn out.
Of course, it won't go to the measured objective over night as there are levels of support along the way that it'll have to break through.
For now, I'm neutral as this pattern has until mid August to play out to the up side or to the down side.
DYDD
CPF Elliott Wave Projection | Triangle Breakout - RetestPrice action and chart pattern trading
> Wave Analysis projection - descending triangle / wedge breakout trading target
> Entry @ support retest breakout downtrend wave triangle
> Target 1.0 - 1.618 extension of ABC uptrend wave possible at volume profile resistance
> Stop @ right shoulder of inverted head & shoulders
> RRR 3:1
Always trade with affordable risk and respect your stoploss
Not YetHi 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 by drawing support lines on BINANCE:DOTUSDT and BINANCE:ATOMUSDT where ATOM has found a strong support in confluence with the 200 ema.
HOWEVER, In this chart, ATOM is forming a Head and Shoulders and DOT is forming a descending triangle on the higher timeframe, which is bearish for both currencies.
So, ATOM might be retesting a resistance area before quitting its uptrend channel.
In conclusion, the best action to do is to not close positions already taken but to reduce them.
Hope you enjoyed today's analysis😊.
GBPCHF TREND BOUNCE TRADEPair: 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
$TSUKA to fall to support.$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.
Chfjpy long trade....Breakout of the descending triangle....entering in on the retest for a quick 2.92R....
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⚡️ #BTC OUTLOOK - 23/07⚡️⚡️ #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 27.3k still and we are above a key resistance and holding still, and contiued bullish divergences are still occuring (which pretty much makes up this pattern tbh)
The bearish factors are the POC line is below the confirmation zone at 21.1k and weekly pivot is quite far down at 20.5k
Lower than usual volume on weekends but things are still pretty positive.
NEO - New uptrend! Huge falling wedge is breaking out! + RSI DIV
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 impulse (5-3-5-3-5) has been definitely completed successfully!
We have a great confluence to open a long position here.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
Dominance BTC.D - ALT SEASON STARTING! + ABCDE Completed
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 supported by major exchanges, because it is not in their business plan and this is definitely a positive sign for altcoins.
What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
HDFC BANK has retested, and showing BULLISH signs 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 resistance and pattern ,
and now I think that
this stock will be successful in BREAKING HIS PATTERN ,
because there is no place left for this stock to continue his pattern ,
therefore , from my opinion you can bet on this stock and earn high returns ,
i have marked the RR RATIO , TARGET AND SL
y'all can trade according to this RR RATIO ( IF U WANT TO )
otherwise, you can adjust it accordingly. BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES ( IMPORTANT FOR THIS STOCK )
😀😀
HDFC BANK
TWTR - Just cancel the deal alreadyRumors 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!
Ripple XRP - Finally huge opportunity! + Elliott Wave + Channel
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 triangle yet, so we can definitely do it in the immidiate short term.
Your profit target can be end of the wave (1) + retest of the triangle + 200MA.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
Spot Crude Long 7-14-2022As 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.
Descending Triangle spotted on the EURUSD D1Spotted a descending triangle on the day chart of the EURUSD. Expecting a breakout to 1.11817 (5891 pips from 1.05866)
ADAUSD - Descending Triangle - SHORTADA 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 Possible SellEURCAD broke Daily support and retested, showing some strenght to the downside, im gonna short from here.
4hr support zone and 15 minute descending triangle!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 form and a higher high to take place. This trade can also go to the downside. that is if the triangle is broken to the downside which means the 4hr chart wants to break that support line. Indicators on the 4hrs match up with the descending triangle. They want to push the price higher.
BTC.D Dominance - When Alt season? + Elliott Wave + Sym.Triangle- 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, so i can check!
- Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
APEAPR/USDT forming Descending Triangle waiting for Breakout on resistance zone and BUY targets 4.900
