- Swipe looks terrible on the daily / weekly timeframe.
- We have a descending triangle that is currently breaking down.
- I do not see any bullishness on this chart.
- Another 57% DROP is expected, then we can retest the triangle.
Last week I suggested shorting Albemarle (ALB) if it pushed through the many levels of support and closed below 215 in price.
Technical analysis in the form of chart patterns like descending triangles, double tops, multiple downward spikes, an increase in volume on the uptrend, and the Fibonacci retracement along with a close below a long-term upward trendline...
- On the weekly chart we can spot a descending triangle, the most bearish technical pattern.
- Currently, the triangle is breaking down with strong bullish momentum.
- Another 40% drop is very likely at this moment.
- Next support is bottom of the blue trendline and horizontal line from 2019.
BTC local Short to next minor support level @ 32k area BTC local Short to next minor support level @ 32k area BTC local Short to next minor support level @ 32k area
- Cardano is not looking good at this moment.
- We have the lowest new weekly candle with low at 0.917, which is the lowest value since 22 February 2021.
- Head and Shoulders pattern just broke down with strong momentum!
- Also the impulse Elliott Wave finished with 5 waves successfuly.
- The price is below the main trendline established in March 2020.
- Next...
Similar to BAT chart I posted recently, but this one didn't break above the resistance trendline yet. Indicators high so watch for pull-back or retest entry. Support is tested more times in the past so we may assume that this will be bottom. (If king do not throw some more s..t at us by dumping more). Set alarms. Good luck traders
A bearish triangle is formed in a downtrend which was confirmed on higher Timeframes indicating that it's a strng bearish signal for shorting ETCUSDT.
The green marked out lines are my area of target, i'm open to any correction from anyone.
thank you.
Hello traders,
The Bitcoin Dominance has been on a large downtrend for years and is looking like it will continue. It is currently in a descending pattern (Lower highs and equal lows.) The current dominance comfortably sits at 39.83%, while the target out of this downtrend is 29-30%. This may look bearish for Bitcoin but this may be a sign that Altcoins may...
Voltas about to breakout of descending triangle with decent volumes & on daily charts.
Voltas buy above 1257 with mentioned stop-loss & targets. Not to be missed this breakout.
The analysis is showing
A massive descending triangle breakout and retest
Head and Shoulder pattern breakout and retest the neckline
An unused order block around 1400 to 1100
Action Plan
First we ride the short trade to the weekly zone and keep moving the stop loss
We can start long from the order block and go as per take profits given
- Elrond - EGLD - Rank #42
- We have a huge falling wedge on the weekly chart which is currently breaking down!
- The Elliott wave completed successfuly with 5 impulse waves (ending diagonal wedge).
- Bearish target is 0.618 FIB or bottom of the wedge!
BITTREX:CROBTC is on a descending triangle on the daily taking us down to 700 Satoshi. We haven't broken the triangle downward yet, so the trade is not confirmed. We might still bounce off the top of the triangle in the next two days before breaking it downwards.
On the Daily Chart of NYSE:NIO , we can see that it has been creating lower highs (starting from 11th January 2021 @66.99) and consistent lows in the 31-32.5 region. This is a macro descending triangle formation which indicates a potential bearish trend. However, on the RSI Indicator, we can see that NIO is currently at 30.03, which indicates that it is...
Hello dear friends,in the weekly time frame, a large descending triangle can be seen in the dogecoin chart and i published this chart 25 days ago .Big descending triangle for dogecoin is broken upwards.If the weekly candle above the EMA 21,price growth will accelerate.We have seen bear traps in the last two weeks.
Due to the high mobility of whales and increase in...
- Theta was one of the most bullish altcoins in 2020-2021, but now the situation has changed.
- As always i checked all altcoins on Binance and 95% of them are turning bearish, the situation is not looking good.
- The price broke out of the ascending channel on the weekly scale.
- Also we can see a huge descending triangle, which is very close to break down in the...
Retrospective look at $BCRX:
1. Gap down to lower low aligning with oversold signal on RSI (Blue Circle).
2. Continued downtrend forming Descending Triangle (Pink Dashed) following hypotenuse resistance line and flat support line.
3. Double bottom then forms (Green Box & Dotted Line and Orange Arrow) within the converging trendlines.
4. Simultaneous bullish...
Afternoon all, I'm trying to get into trading and would love some opinions.
I have been looking at the daily chart for $BEKE and believe we could be looking at a descending triangle (in Orange) for a potential short position.
Guess I would be looking for a breakout to the downside, either below the pattern support zone (orange) or potentially the LL (in Pink)....
