Hello everyone, Today is a red day for ADA, having a look at the chart we can notice a descending triangle pattern which rappresents a potential continuation of the current trend. The target is still below $1.0, BTC dominance is increasing and the ALTs prices are going to decrease, hopefully going to reach our entry levels. Have a nice weekend !
Hello, as you can see on the 2 hr chart, the descending triangle is broke down. The potential target is 41k, and there is a support around 41.6k, so the target should be around the 41to 42k for the descending triangle. If u zoom in, there is also a ascending broadening wedge inside the descending triangle. The ascending broadening wedge is also bearish by itself....
In 4hr TF BTCUSDT is forming Descending Triangle Pattern.. If btc breaks downside we will see further correction to 42k-40k. Btw There is a minor support area between 44k-45k...... For any bullish scenario Btc must break and close above the descending trendline then we can see btc to 51k-54k (Resistance) #Dyor (Do Your Own Research). Just sharing my point of...
I need to say goodbye for now for #ada there is to much fud and I'm not sure if the bottom is in if I look at the chart I think we go down more . What do you think?
If we do a fib retracement from ATH to the local bottom of 30K we can notice that the middle top is located a 0.38 fib level. If we then do a second fib retracement but this time using the 40K local bottom and align the 0.38 with the ATH we can see that it's targeting 110K I'm not betting my life on this analysis but it's interesting to see what would happen if...
price is currently in a descending triangle pattern I think we see price fill the wick to the left. Then we probably form another range before breaking out to the upside. the final Flush IMO.
Hello Traders, Taking a trade on CRV. Will be adding to my position if we get a retest of the broken trendline. The same pattern has been played out three times before. High risk, protecting myself with a tight stop loss.' Trade at own risk. Good luck!
In 4hr TF BTCUSDT is forming Descending Triangle Pattern.. If btc breakout we can see btc to 51k-54k (Resistance) If btc breaks downside we will see further correction to 42k-40k. #Dyor (Do Your Own Research). Just sharing my point of view. Not a Financial Advice!!!
btc/usdt descending triangle, bearish indicator 200 day moving average acting as support
A descending triangle is forming, and its the end of a lunar cycle. Moon phases match up with big changes! Usually a descending triange is a bearish sign.
Description BA has been working this Descending Triangle from its post-covid crash high around 278. There was one false breakout to the upside on 15NOV, which I traded, related idea linked. Descending Triangles are bearish in nature, and the implied move carries BA down to 137. Intermediate supports are at 194, 179 and eventually 144.5. The immense amount of...
Hey guys, listen to this quick update. We're going to get straight to the point. Everyone is bearish about Bitcoin, right? If you look at the fear and greed index, you can see that there's a lot of fear. Yesterday, there was extreme fear around 21. And today there's still fear, around 28. But that's the good news. If everyone is talking about a bearish Bitcoin...
clear descending triangle pattern and strong resistance at $5-$6, just looking at the price chart it feels like it won't go lower... well below its higher high and a strong triangle pattern, typical descending triangle breakout means UP (don't trust me I'm n00b)
The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right? However, my chat is that we should look at...
Hi, BTC has formed a descending triangle on 4 hr chart. there is support around 41K. my potential target is around 40-42K. If the support is not strong enough, it might drop even more. The crypto is all filled with FUD right now, especially at a time of debt ceiling and fed talk incoming soon. Not a financial advice.
Descending Triangle Pattern is a Bearish Chart Pattern or Trend Continuation Pattern. As you can see that the price is making lower highs which means Buyers are weak and downward momentum is building. In most cases, this pattern indicates traders to make a short position. But I am Suggesting Long position here as the Bullish Harami Pattern is observed at the...
Keep an eye out for a significant move up as we reach the pinch point. Volume will confirm move either way