Dogecoin is consolidating in a tight range as price nears the apex of a descending triangle pattern. Price is also below all moving averages with all averages in a bearish cross. Lower indicators all show bearish trend and momentum behind price. Watch for a break above triangle for new rally, a break below triangle for more losses.
$BNBUSD entry PTs 500-514 Target PTs 935-990 and higher
DESCENDING TRIANGLE, RESISTANCE LINE, ACCUMULATION ZONE AT LOCAL ZONE AND TRENDLINE
Currently price trades in accumulation zone range of PTs 507-515
I think today or tomorrow, price will exit from the accumulation zone and break the resistance line of the descending triangle juncture
$BNBUSD will continue to...
CRO is seeing weakness after finding resistance @ the 23.6% Fibonacci retracement level. Price is trending below all short-term moving averages and has formed a descending triangle pattern. Bearish price structure w/ mixed momentum & trend indicators. Above .6495 = bullish, below .4795 = bearish.
Description
This idea originates from a different idea in which I interpreted the chart as a Symmetrical Triangle.
I believe this interpretation was incorrect due to the consideration I put on the beginning of the gap up into the pattern. The opening price of the first candle following the gap is a technically irrelevant fact, unlike the support found after TSLA...
BTC Dominance is near a support inside a bearish descending triangle pattern on the weekly chart.
Breakout down from this pattern could mean that capital is being shifted to Altcoins.
I suggest keeping an eye on this over the next week. As of now the support is holding.
Hello every one
Cardano / US Dollar
ADA is in a Descending Triangle right now The Price can be Exactly like ETH .If In Short Term a Bullish Break out Happens, we can Expect a Great Bullish Movement From It! It Has Touched The Support (1.20$) and The Resistance line Multiple Times! So They are Reliable For Now! If It Is gonna Be bearish, We Shall See ADA under 1$...
BTC is trying to enter inside the falling wedge pattern. If enters successfully, it will consolidate inside the falling wedge.
I will keep things updated as the market move.
DISCLAIMER:
NOT A FINANCIAL ADVICE I am not a Financial Advisor and this is not financial advice. The Information provided, is for educational, informational, and entertainment purposes...
Important things to note:
BTC has reached oversold levels on the 1D, RSI making its way up.
BTC looks to have formed a diamond bottom, this can break and just be continuation of falling wedge.
BTC liquidations tomorrow.
ALTS are on sale. Everything is oversold, or near oversold and in bullish patterns.
Some alts have already broken out, others close, some still...
Not 100% confident about this descending triangle pattern yet. But if it is indeed valid then the price action should head towards the 158-160 target before too long with some resistance on the way there at around $130 or so depending on where we retest this ascending yellow trendline at.
I predict that the bitcoin dominance chart is forming a bearish descending triangle. If this prediction actually works, we will see a great altcoin season that low cap coins making 10x and bitcoin price close to 80k. The dominance aim is 27% at the end of Q1 2022. The next 3 months will be exiting for us.
We observe a clear descending triangle pattern. Key resistance area in a range of $1.2-1.185. In case of confirmation of this pattern, a fall of about 15-20% can be expected.
BTC forming a classic Descending Triangle formation.
Typically 5 touches of support/resistance (combined) would be considered confirmation of the pattern, we're currently sitting at 7/8 touches (depending on your view), for a fully formed pattern of lower lows and a support line that is holding so far.
This is generally considered a continuation pattern, where...
BTC is in a Descending Triangle Pattern on the 4hr. A Descending Triangle is a Bearish Chart Pattern.
Note that BTC has bounced off the base of the Descending Triangle 5 times as support.
BTC is still under its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe.
BTC has dropped under its Least Squares Moving Average (LSMA) and it looks like...
Hello dear friends,in the weekly time frame, a large descending triangle can be seen in the doge coin chart. If the big triangle breaks upwards in the coming weeks ,the doge price is expected to rise by the height of the triangle.
Hello every one
BTC /USDT
BTC is in a Descending Triangle. This means The Price is gonna Be bearish If The Expected Bearish Break out Happens Soon! It can Fall Up to 40.5K! There is No break out yet So There is no Confirmation!There is a Small Chance That a FAKE bearish Break out Happens And Than The Bulls Would Take over! if this Scenario Happens, BTC can reach...
If Rsi continues to spike as well as the bollinger bands continue to tighten, it would prove to be a good buy once it breaks the descending triangle upwards
