$WIX has successfully broke the descending triangle and heads higher .
Please note we have the earning day ahead .
#Trade_safe and keep learning until you succeed .
No matter what you said about the Stock-market , it is the biggest meritocracy in the world.
Over the last few days the USDMXN pair has developed lower highs and is showing signs of an early development of a descending triangle pattern. Being that this is coming off an uptrend, we can assume if it has at least 3-4 taps on the support/liquidity zone around 20.10 , it can go from 20.10 on the last tap straight into 20.85-21.00 , given that the...
Descending Triangle on H1
Near Daily S1 pivot at 0.7187 which also happens to show decent support structure.
If a break to the downside occurs we could see a continuation to 0.7135 then 0.7105.
Given how bullish we all are on VIDT, I think it's safe to say we can expect an upwards breakout from this descending triangle considering we are in a bull market and a lot of other coins are running. If you follow VIDT closely, you may have become aware of recent FUD regarding a potential token merger between LTO and VIDT in the future. It has already been...
A descending triangle has formed on FISK. I will watch price action over the next few trading days in anticipation of another breakout attempt. If a breakout does occur I will look to buy and believe there will be some quick upside to $20-$25.
I published the pattern here guys , Before the move happen .
Success descending triangle on #stocks $PSTG .
It could go long again but it needs a pull back after this strong move .
NIO has been consolidating for quite some time. I figured this might be a descending triangle and the possible playouts that might occur are indicated by the blue arrows. The support/resistants are possible entry/exit points.
Please share your ideas or tell me if you agree.
i could see this happening today if not within the next few days
i’ll be watching $NAK this morning anticipating a move up once the apex fills in or breaks through the descending bull flag resistance, as the EMA on the daily crosses above the red plot line with the bullish candle reversal. loving the volume
aiming for a 20-30% gain in the short term
Broke out of a descending triangle to the upside, great indicator to ride this long. Could be a fake breakout or a bull trap, otherwise this is shooting back for 270 first, then 280.
In theory of technical analysis a descending triangle is a bearish pattern that completes itself when price breaks out of the triangle
in the direction of the downtrend. However, for the downward break out of the descending triangle to be true there is an all-important
assumption: this pattern is formed in a middle point of an extended downtrend. If the...
This week we may see bearish movement within AU. For the past couple of weeks AU has provided us a nice descending triangle. The end of last week price failed to reach the dynamic resistance of the triangle, and has now broken below the support of the triangle. Currently looking like a retest of the new found resistance, waiting for confirmation for a Sell entry.
Don't feel like explaining this one.... its obvious
Descending triangle, Bearish RSI, and Falling buyer support
Needs more than a NANO miracle to save this one
After the upward break of the descending triangle, we also see a good retest of the resistance turning to support. All these signals are a very healthy signs of consolidation. Good uptrend ahead
Note:
This is my idea and not a financial advice
#BTCUSDT (Short-term)
After our last short-term update for BTC, The bears showed some strength and they pushed the price to $30K and to $28K zone also, Although that, bulls don`t let them close below $30K and they pushed the price to $34K after that about +15% from $30K zone!! which was a good scalping for traders from the $30K zone that we mentioned in the last...
Analysis: Utilized Daily indications all looking for confirmation. Remaining Neutral.
The next 24 Hours will be telling.
BTC is sitting at a rather neutral region as I covered in my recent stream, I am looking for price action to confirm a direction.
While I currently have a slightly bearish bias due to the negative directional index (-DI) holding slightly...
It appears as though TNY is starting to slightly break the blue upward sloping support of potentially an Ascending Triangle to the downside, it would be ideal if the bulls hold this area of support.
In green, I have drawn what appears to be a longer-term trending descending triangle, or, bullish flag, the green downward sloping resistance is currently being...
